Cost of Living in Reykjavik
Summary about cost of living in Reykjavik, Iceland:
- Family of four estimated monthly costs are 4,195.2$ (596,551.0kr) without rent (using our estimator).
- A single person estimated monthly costs are 1,130.4$ (160,736.1kr) without rent.
- Reykjavik is 14.6% less expensive than New York (without rent, see our cost of living index).
- Rent in Reykjavik is, on average, 60.7% lower than in New York.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2,500.00 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 15,000.00 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 2,000.00 kr | |
| Domestic Beer (1 pint draught) | 1,300.00 kr | |
| Imported Beer (12 oz small bottle) | 1,100.00 kr | |
| Cappuccino (regular) | 610.89 kr | |
| Coke/Pepsi (12 oz small bottle) | 346.36 kr | |
| Water (12 oz small bottle) | 268.50 kr | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 804.31 kr | |
| Loaf of Fresh White Bread (1 lb) | 404.23 kr | |
| Rice (white), (1 lb) | 194.06 kr | |
| Eggs (regular) (12) | 755.29 kr | |
| Local Cheese (1 lb) | 893.97 kr | |
| Chicken Fillets (1 lb) | 1,110.24 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 1,572.79 kr | |
| Apples (1 lb) | 201.02 kr | |
| Banana (1 lb) | 129.84 kr | |
| Oranges (1 lb) | 151.74 kr | |
| Tomato (1 lb) | 281.82 kr | |
| Potato (1 lb) | 162.40 kr | |
| Onion (1 lb) | 85.00 kr | |
| Lettuce (1 head) | 354.38 kr | |
| Water (1.5 liter bottle) | 250.33 kr | |
| Bottle of Wine (Mid-Range) | 2,649.50 kr | |
| Domestic Beer (0.5 liter bottle) | 418.67 kr | |
| Imported Beer (12 oz small bottle) | 348.22 kr | |
| Cigarettes 20 Pack (Marlboro) | 1,600.00 kr | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 500.00 kr | |
| Monthly Pass (Regular Price) | 9,000.00 kr | |
| Taxi Start (Normal Tariff) | 730.00 kr | |
| Taxi 1 mile (Normal Tariff) | 666.27 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 8,170.00 kr | |
| Gasoline (1 gallon) | 1,197.22 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 4,945,000.00 kr | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 5,712,636.36 kr | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 13,266.07 kr | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 8.25 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 8,883.63 kr | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 9,004.71 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 4,683.33 kr | |
| Cinema, International Release, 1 Seat | 1,800.00 kr | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 38,650.00 kr | |
| International Primary School, Yearly for 1 Child | 831,666.67 kr | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 14,225.16 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 5,325.00 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 17,693.68 kr | |
| 1 Pair of Men Leather Business Shoes | 22,743.00 kr | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 213,903.23 kr | |
| Apartment (1 bedroom) Outside of Centre | 182,900.00 kr | |
| Apartment (3 bedrooms) in City Centre | 305,840.00 kr | |
| Apartment (3 bedrooms) Outside of Centre | 260,000.00 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 78,639.55 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 57,111.76 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 496,144.39 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.74 |
Prices in Reykjavik
This city had 1171 entries in the past 12 months by 150 different contributors.
Last update: February 2023
Last update: February 2023
Sources and References
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Nearby cities:| Cost of Living in Hafnarfjorour | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |
This page in other languages:
 DeutschLebenshaltungskosten in Reykjavik
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 PortuguêsCusto de Vida em Reykjavík
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 ItalianoCosto della Vita a Reykjavik
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 FrançaisCoût de la Vie à Reykjavik
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 EspañolCosto de Vida en Reikiavik
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