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Cost of Living in Reykjavik
Summary about cost of living in Reykjavik:
- Four-person family monthly costs: 4,853.57$ (521,875.01kr) without rent (using our estimator).
- A single person monthly costs: 1,298.64$ (139,634.53kr) without rent.
- Cost of living index in Reykjavik is 21.51% higher than in New York.
- Cost of living rank 9th out of 516 cities in the world.
- Reykjavik has a cost of living index of 121.51.
| Restaurants | [ Edit ] | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2,100.00 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 12,000.00 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 1,590.00 kr | |
| Domestic Beer (1 pint draught) | 1,100.00 kr | |
| Imported Beer (11.2 oz small bottle) | 1,000.00 kr | |
| Cappuccino (regular) | 548.96 kr | |
| Coke/Pepsi (11.2 oz small bottle) | 297.11 kr | |
| Water (11.2 oz small bottle) | 218.35 kr | |
| Markets | [ Edit ] | |
| Milk (regular), (1 gallon) | 575.95 kr | |
| Loaf of Fresh White Bread (1 lb) | 323.56 kr | |
| Rice (white), (1 lb) | 155.32 kr | |
| Eggs (regular) (12) | 629.76 kr | |
| Local Cheese (1 lb) | 740.64 kr | |
| Chicken Breasts (Boneless, Skinless), (1 lb) | 1,012.55 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 1,386.72 kr | |
| Apples (1 lb) | 148.62 kr | |
| Banana (1 lb) | 124.28 kr | |
| Oranges (1 lb) | 140.51 kr | |
| Tomato (1 lb) | 218.57 kr | |
| Potato (1 lb) | 127.85 kr | |
| Onion (1 lb) | 72.02 kr | |
| Lettuce (1 head) | 319.64 kr | |
| Water (1.5 liter bottle) | 253.25 kr | |
| Bottle of Wine (Mid-Range) | 2,200.00 kr | |
| Domestic Beer (0.5 liter bottle) | 383.27 kr | |
| Imported Beer (11.2 oz small bottle) | 332.07 kr | |
| Pack of Cigarettes (Marlboro) | 1,300.00 kr | |
| Transportation | [ Edit ] | |
| One-way Ticket (Local Transport) | 440.00 kr | |
| Monthly Pass (Regular Price) | 11,750.00 kr | |
| Taxi Start (Normal Tariff) | 690.00 kr | |
| Taxi 1 mile (Normal Tariff) | 370.15 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 7,440.00 kr | |
| Gasoline (1 gallon) | 741.59 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 3,200,000.00 kr | |
| Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) | 3,631,500.00 kr | |
| Utilities (Monthly) | [ Edit ] | |
| Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment | 12,258.37 kr | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 19.80 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 6,380.00 kr | |
| Sports And Leisure | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult | 7,877.90 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 3,122.22 kr | |
| Cinema, International Release, 1 Seat | 1,490.00 kr | |
| Childcare | [ Edit ] | |
| Preschool (or Kindergarten), Private, Monthly for 1 Child | 36,622.14 kr | |
| International Primary School, Yearly for 1 Child | 2,400,000.00 kr | |
| Clothing And Shoes | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 15,758.07 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 9,249.25 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 18,453.33 kr | |
| 1 Pair of Men Leather Business Shoes | 24,950.00 kr | |
| Rent Per Month | [ Edit ] | |
| Apartment (1 bedroom) in City Centre | 176,710.53 kr | |
| Apartment (1 bedroom) Outside of Centre | 138,161.61 kr | |
| Apartment (3 bedrooms) in City Centre | 276,969.70 kr | |
| Apartment (3 bedrooms) Outside of Centre | 227,058.82 kr | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 50,662.70 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 36,264.20 kr | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 312,042.06 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly | 6.86 |
Prices in Reykjavik
These data are based on 1981 entries in the past 18 months from 205 different contributors.
Last update: September 2017
Last update: September 2017
Sources and References:
7 Comments so far
£6? More like £11!