NUMBEO

Cost of Living in Reykjavik

Summary about cost of living in Reykjavik:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 2,000.00 kr 1,700.00-2,700.00
Meal for 2 People, Mid-range Restaurant, Three-course 13,000.00 kr 8,500.00-15,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,600.00 kr 1,500.00-2,000.00
Domestic Beer (1 pint draught) 1,100.00 kr 1,000.00-1,200.00
Imported Beer (11.2 oz small bottle) 1,000.00 kr 800.00-1,200.00
Cappuccino (regular) 541.15 kr 450.00-650.00
Coke/Pepsi (11.2 oz small bottle) 299.29 kr 200.00-400.00
Water (11.2 oz small bottle) 218.17 kr 150.00-300.00
Markets [ Edit ]
Milk (regular), (1 gallon) 579.38 kr 467.10-757.08
Loaf of Fresh White Bread (1 lb) 345.31 kr 272.16-453.59
Rice (white), (1 lb) 151.50 kr 113.40-226.80
Eggs (regular) (12) 613.29 kr 500.00-700.00
Local Cheese (1 lb) 730.66 kr 544.31-907.19
Chicken Breasts (Boneless, Skinless), (1 lb) 985.01 kr 680.39-1,233.77
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,343.32 kr 906.28-1,700.97
Apples (1 lb) 145.41 kr 89.81-226.80
Banana (1 lb) 119.29 kr 103.87-136.08
Oranges (1 lb) 139.11 kr 99.34-158.76
Tomato (1 lb) 233.89 kr 158.30-306.18
Potato (1 lb) 125.58 kr 90.72-162.84
Onion (1 lb) 67.81 kr 44.45-127.01
Lettuce (1 head) 308.21 kr 200.00-400.00
Water (1.5 liter bottle) 247.79 kr 179.00-310.00
Bottle of Wine (Mid-Range) 2,350.00 kr 2,000.00-3,000.00
Domestic Beer (0.5 liter bottle) 391.54 kr 350.00-460.00
Imported Beer (11.2 oz small bottle) 345.00 kr 270.00-420.00
Pack of Cigarettes (Marlboro) 1,300.00 kr 1,200.00-1,500.00
Transportation [ Edit ]
One-way Ticket (Local Transport) 440.00 kr 420.00-450.00
Monthly Pass (Regular Price) 11,750.00 kr 11,500.00-11,750.00
Taxi Start (Normal Tariff) 690.00 kr 690.00-800.00
Taxi 1 mile (Normal Tariff) 464.30 kr 366.93-532.69
Taxi 1hour Waiting (Normal Tariff) 7,440.00 kr 7,440.00-8,000.00
Gasoline (1 gallon) 745.40 kr 711.66-760.87
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,200,000.00 kr 3,090,000.00-3,450,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 3,556,470.59 kr 3,000,000.00-3,910,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 13,638.10 kr 6,181.82-20,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 19.69 kr 15.00-23.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 6,424.00 kr 3,990.00-8,900.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 7,942.69 kr 6,000.00-12,500.00
Tennis Court Rent (1 Hour on Weekend) 3,122.22 kr 1,500.00-4,000.00
Cinema, International Release, 1 Seat 1,490.00 kr 1,400.00-1,540.00
Childcare [ Edit ]
Preschool (or Kindergarten), Private, Monthly for 1 Child 35,562.50 kr 30,000.00-46,855.00
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) 15,115.38 kr 10,000.00-19,800.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 9,314.74 kr 5,000.00-12,900.00
1 Pair of Nike Running Shoes (Mid-Range) 17,745.00 kr 14,000.00-22,000.00
1 Pair of Men Leather Business Shoes 24,476.19 kr 19,995.00-30,000.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 179,852.94 kr 140,000.00-220,000.00
Apartment (1 bedroom) Outside of Centre 142,345.26 kr 100,000.00-180,000.00
Apartment (3 bedrooms) in City Centre 276,333.33 kr 240,000.00-320,000.00
Apartment (3 bedrooms) Outside of Centre 228,125.00 kr 190,000.00-260,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 51,007.38 kr 46,451.13-65,031.59
Price per Square Feet to Buy Apartment Outside of Centre 37,405.83 kr 32,515.79-46,451.13
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 318,727.70 kr
Mortgage Interest Rate in Percentages (%), Yearly, Fixed-Rate 6.70 5.00-8.00

Prices in Reykjavik

These data are based on 1868 entries in the past 18 months from 194 different contributors.
Last update: December 2017
Sources and References: Info
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7 Comments so far

#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).
#Anonymous on Oct 22, 2014 :
Just wanted to tell you that people in Iceland don‘t drink bottled water. The water is so clean that you can drink it from the tap. Therefore you don‘t have to pay for water in resturants in Iceland. I don‘t know where you got the number 249.53 kr. (~$2) but it‘s wrong – it should be 0 kr.
#gabrielle on Dec 11, 2013 :
hello! i wanna move there as fast as possible after i graduate here in sweden, so i was wondering how hard it is to find a job in iceland (preferebly reykjavik or akranes) :)