Cost of Living in Reykjavik

Summary about cost of living in Reykjavik, Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,844.86-4,500.00
Meal for 2 People, Mid-range Restaurant, Three-course 15,000.00 kr 11,376.00-30,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 2,000.00 kr 1,750.00-2,400.00
Domestic Beer (1 pint draught) 1,300.00 kr 1,100.00-1,600.00
Imported Beer (12 oz small bottle) 1,100.00 kr 900.00-1,422.00
Cappuccino (regular) 610.89 kr 450.00-820.00
Coke/Pepsi (12 oz small bottle) 346.36 kr 265.00-500.00
Water (12 oz small bottle) 268.50 kr 200.00-460.00
Markets
Edit
Milk (regular), (1 gallon) 804.31 kr 681.37-927.43
Loaf of Fresh White Bread (1 lb) 404.23 kr 234.96-725.75
Rice (white), (1 lb) 194.06 kr 117.93-340.19
Eggs (regular) (12) 755.29 kr 589.00-1,140.00
Local Cheese (1 lb) 893.97 kr 478.09-1,179.34
Chicken Fillets (1 lb) 1,110.24 kr 816.47-1,360.78
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,572.79 kr 906.73-2,357.78
Apples (1 lb) 201.02 kr 117.48-362.87
Banana (1 lb) 129.84 kr 107.05-226.80
Oranges (1 lb) 151.74 kr 122.02-271.25
Tomato (1 lb) 281.82 kr 142.20-406.42
Potato (1 lb) 162.40 kr 90.72-226.80
Onion (1 lb) 85.00 kr 49.90-254.01
Lettuce (1 head) 354.38 kr 245.00-600.00
Water (1.5 liter bottle) 250.33 kr 109.00-500.00
Bottle of Wine (Mid-Range) 2,649.50 kr 2,000.00-4,000.00
Domestic Beer (0.5 liter bottle) 418.67 kr 330.00-550.00
Imported Beer (12 oz small bottle) 348.22 kr 300.00-479.00
Cigarettes 20 Pack (Marlboro) 1,600.00 kr 1,500.00-2,000.00
Transportation
Edit
One-way Ticket (Local Transport) 500.00 kr 490.00-600.00
Monthly Pass (Regular Price) 9,000.00 kr 8,000.00-13,300.00
Taxi Start (Normal Tariff) 730.00 kr 700.00-1,500.00
Taxi 1 mile (Normal Tariff) 666.27 kr 460.27-989.67
Taxi 1hour Waiting (Normal Tariff) 8,170.00 kr 7,920.00-9,360.00
Gasoline (1 gallon) 1,197.22 kr 1,018.28-1,324.89
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 4,945,000.00 kr 4,390,000.00-5,790,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 5,712,636.36 kr 5,090,000.00-6,000,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 13,266.07 kr 7,000.00-24,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 8.25 kr 5.50-10.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 8,883.63 kr 6,300.00-12,040.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 9,004.71 kr 6,666.67-14,500.00
Tennis Court Rent (1 Hour on Weekend) 4,683.33 kr 2,500.00-7,600.00
Cinema, International Release, 1 Seat 1,800.00 kr 1,680.00-2,045.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 38,650.00 kr 29,000.00-70,000.00
International Primary School, Yearly for 1 Child 831,666.67 kr 620,000.00-1,250,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 14,225.16 kr 8,000.00-18,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 5,325.00 kr 3,700.00-8,500.00
1 Pair of Nike Running Shoes (Mid-Range) 17,693.68 kr 10,000.00-25,000.00
1 Pair of Men Leather Business Shoes 22,743.00 kr 15,000.00-32,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 213,903.23 kr 180,000.00-256,000.00
Apartment (1 bedroom) Outside of Centre 182,900.00 kr 143,000.00-235,000.00
Apartment (3 bedrooms) in City Centre 305,840.00 kr 255,000.00-546,000.00
Apartment (3 bedrooms) Outside of Centre 260,000.00 kr 220,000.00-360,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 78,639.55 kr 65,031.59-111,482.72
Price per Square Feet to Buy Apartment Outside of Centre 57,111.76 kr 47,380.16-74,321.81
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 3.50-8.00

Prices in Reykjavik

This city had 1171 entries in the past 12 months by 150 different contributors.
Last update: February 2023
Distribution of Expenses Using Our Statistical Model:
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