Cost of Living in Reykjavik

Summary about cost of living in Reykjavik, Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,900.00-4,500.00
Meal for 2 People, Mid-range Restaurant, Three-course 14,000.00 kr 10,000.00-26,500.00
McMeal at McDonalds (or Equivalent Combo Meal) 2,000.00 kr 1,700.00-2,500.00
Domestic Beer (1 pint draught) 1,200.00 kr 925.61-1,500.00
Imported Beer (12 oz small bottle) 1,100.00 kr 1,000.00-1,500.00
Cappuccino (regular) 621.11 kr 450.00-900.00
Coke/Pepsi (12 oz small bottle) 341.49 kr 199.00-450.00
Water (12 oz small bottle) 276.92 kr 199.00-460.00
Markets
Edit
Milk (regular), (1 gallon) 764.83 kr 643.52-927.43
Loaf of Fresh White Bread (1 lb) 385.59 kr 234.96-661.15
Rice (white), (1 lb) 205.89 kr 113.40-417.31
Eggs (regular) (12) 752.18 kr 589.00-1,200.00
Local Cheese (1 lb) 856.17 kr 444.07-1,179.34
Chicken Fillets (1 lb) 1,051.12 kr 816.47-1,273.69
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,521.98 kr 906.73-2,131.43
Apples (1 lb) 204.65 kr 117.93-362.87
Banana (1 lb) 133.18 kr 111.13-172.37
Oranges (1 lb) 143.38 kr 122.02-226.80
Tomato (1 lb) 277.04 kr 132.23-381.02
Potato (1 lb) 160.07 kr 90.72-212.74
Onion (1 lb) 93.49 kr 49.90-181.44
Lettuce (1 head) 362.36 kr 249.00-600.00
Water (1.5 liter bottle) 279.90 kr 108.00-528.92
Bottle of Wine (Mid-Range) 2,800.00 kr 1,983.45-4,000.00
Domestic Beer (0.5 liter bottle) 420.62 kr 345.00-550.00
Imported Beer (12 oz small bottle) 374.08 kr 300.00-479.00
Cigarettes 20 Pack (Marlboro) 1,600.00 kr 1,450.00-1,800.00
Transportation
Edit
One-way Ticket (Local Transport) 490.00 kr 490.00-500.00
Monthly Pass (Regular Price) 8,000.00 kr 8,000.00-13,300.00
Taxi Start (Normal Tariff) 745.00 kr 700.00-800.00
Taxi 1 mile (Normal Tariff) 564.88 kr 389.46-804.67
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr 6,000.00-8,994.00
Gasoline (1 gallon) 1,030.82 kr 846.27-1,209.06
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 4,500,000.00 kr 3,990,000.00-5,490,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 5,472,000.00 kr 4,500,000.00-6,000,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 13,442.91 kr 6,000.00-23,589.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 17.32 kr 5.00-36.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 9,427.42 kr 6,000.00-13,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 9,901.46 kr 7,683.55-14,500.00
Tennis Court Rent (1 Hour on Weekend) 4,687.50 kr 2,500.00-7,600.00
Cinema, International Release, 1 Seat 1,800.00 kr 1,500.00-2,800.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 46,875.00 kr 35,000.00-70,000.00
International Primary School, Yearly for 1 Child 925,000.00 kr 600,000.00-1,250,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 15,113.57 kr 8,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 6,166.67 kr 3,000.00-8,500.00
1 Pair of Nike Running Shoes (Mid-Range) 19,375.38 kr 13,000.00-25,000.00
1 Pair of Men Leather Business Shoes 27,041.67 kr 15,000.00-35,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 206,176.47 kr 180,000.00-252,000.00
Apartment (1 bedroom) Outside of Centre 172,411.76 kr 140,000.00-220,000.00
Apartment (3 bedrooms) in City Centre 298,214.29 kr 250,000.00-546,000.00
Apartment (3 bedrooms) Outside of Centre 248,333.33 kr 210,000.00-300,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 81,360.95 kr 65,031.59-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 60,016.95 kr 46,451.13-83,612.04
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 484,458.55 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.17 3.20-6.50

Prices in Reykjavik

This city had 1065 entries in the past 12 months by 124 different contributors.
Last update: June 2022
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1 Comments so far
Gio on Jul 26, 2018:
Hello everyone

I have two questions:
1. Do you know any website where I can rent a flat for months?
2. Do you know any website to find basic jobs?

thnx