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Cost of Living in Reykjavik

Summary about cost of living in Reykjavik:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 2,400.00 kr 1,700.00-2,800.00
Meal for 2 People, Mid-range Restaurant, Three-course 12,000.00 kr 7,378.80-15,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,500.00 kr 1,490.00-1,800.00
Domestic Beer (1 pint draught) 1,200.00 kr 1,000.00-1,200.00
Imported Beer (12 oz small bottle) 1,000.00 kr 800.00-1,200.00
Cappuccino (regular) 544.34 kr 450.00-650.00
Coke/Pepsi (12 oz small bottle) 302.44 kr 200.00-450.00
Water (12 oz small bottle) 247.90 kr 158.11-330.00
Markets [ Edit ]
Milk (regular), (1 gallon) 588.76 kr 529.96-681.37
Loaf of Fresh White Bread (1 lb) 334.97 kr 245.96-453.59
Rice (white), (1 lb) 145.82 kr 90.72-226.80
Eggs (regular) (12) 614.00 kr 500.00-700.00
Local Cheese (1 lb) 787.01 kr 589.67-1,133.98
Chicken Breasts (Boneless, Skinless), (1 lb) 935.18 kr 725.75-1,179.34
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,259.99 kr 860.92-1,700.97
Apples (1 lb) 139.08 kr 86.18-226.80
Banana (1 lb) 113.27 kr 97.52-136.08
Oranges (1 lb) 143.34 kr 90.72-226.80
Tomato (1 lb) 207.32 kr 133.81-272.16
Potato (1 lb) 115.00 kr 68.04-136.08
Onion (1 lb) 73.89 kr 36.29-122.98
Lettuce (1 head) 295.00 kr 150.00-400.00
Water (1.5 liter bottle) 228.33 kr 150.00-300.00
Bottle of Wine (Mid-Range) 2,500.00 kr 2,000.00-3,000.00
Domestic Beer (0.5 liter bottle) 345.07 kr 289.00-400.00
Imported Beer (12 oz small bottle) 320.27 kr 229.00-400.00
Cigarettes 20 Pack (Marlboro) 1,300.00 kr 1,200.00-1,500.00
Transportation [ Edit ]
One-way Ticket (Local Transport) 460.00 kr 450.00-460.00
Monthly Pass (Regular Price) 12,300.00 kr 11,750.00-12,300.00
Taxi Start (Normal Tariff) 690.00 kr 690.00-800.00
Taxi 1 mile (Normal Tariff) 499.45 kr 370.15-643.74
Taxi 1hour Waiting (Normal Tariff) 7,440.00 kr 7,440.00-10,000.00
Gasoline (1 gallon) 827.15 kr 776.01-870.64
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,400,000.00 kr 3,250,000.00-3,690,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 3,634,761.90 kr 3,180,000.00-4,120,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 12,176.09 kr 7,605.26-21,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 21.11 kr 15.00-25.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 6,835.28 kr 4,500.00-9,995.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 7,258.06 kr 6,500.00-11,430.00
Tennis Court Rent (1 Hour on Weekend) 3,931.25 kr 2,500.00-5,900.00
Cinema, International Release, 1 Seat 1,500.00 kr 1,390.00-1,600.00
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 34,550.00 kr 28,000.00-43,000.00
International Primary School, Yearly for 1 Child 2,400,000.00 kr 2,400,000.00-2,400,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 14,014.47 kr 7,500.00-19,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 6,735.68 kr 4,000.00-15,000.00
1 Pair of Nike Running Shoes (Mid-Range) 17,637.82 kr 12,900.00-25,000.00
1 Pair of Men Leather Business Shoes 23,667.50 kr 16,000.00-35,000.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 195,731.71 kr 150,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 159,305.56 kr 100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 302,236.84 kr 250,000.00-350,000.00
Apartment (3 bedrooms) Outside of Centre 242,307.69 kr 190,000.00-300,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 51,448.23 kr 44,593.09-60,386.47
Price per Square Feet to Buy Apartment Outside of Centre 39,094.63 kr 32,515.79-46,451.13
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 376,768.87 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.43 5.00-7.50

Prices in Reykjavik

These data are based on 2207 entries in the past 18 months from 293 different contributors.
Last update: November 2018
Sources and References: Info
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DeutschLebenshaltungskosten in Reykjavik
FrançaisCoût de la Vie à Reykjavik
EspañolCoste de Vida en Reikiavik

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6 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
#Neil Crockett on Jan 25, 2017 :
I have just returned from a 4 day trip. Being going now for 4 years... this year it hurt. The prices have gone through the roof. Pound is weak and krone high. Pint of lager is £8.40. Meal for 6.... only 2 courses and perhaps 3 drinks each.... £484.00. Shops and cafes closing down in reyjavik. Locals are struggling with the cost of living. I won't be going back now. Love the place. Beautiful place to go. Stunning... just can't afford it.
#Roderick on Jan 24, 2017 :
Returned yesterday, and i cant agree with these prices, specially the resturent prices are much more expensive. In town center midpriced restaurant 6.500 Kr for a 3 course menu. And in the foodcellar 9.800 Kr. And Stofan Kaffihus 3.100 Kr for a panini sandwich with smoked salmon. Price busses is now 440 Kr.
#JOSEPH ANTHONY SCHOFIELD on Mar 22, 2016 :
I can't agree with the restaurant prices. We paid much more than quoted for everything only last weekend. 0.5l local beer for
£6? More like £11!
#sundarararaj on Mar 23, 2015 :
i want job in matriculation school as clerical grade.Now i m working in Engg. college as office supdt.plese give full detail about your nation.
#Ratan Chandra Das on Mar 03, 2015 :
my dream country is iceland. i want to come for study purposes. i have banking job experience. surely i m coming. i got my graduation in the field of business administration(BBA).