NUMBEO

Cost of Living in Reykjavik

Summary about cost of living in Reykjavik:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 17.42 € 13.06-20.32
Meal for 2 People, Mid-range Restaurant, Three-course 94.34 € 58.06-108.86
McMeal at McDonalds (or Equivalent Combo Meal) 11.09 € 10.55-13.18
Domestic Beer (1 pint draught) 8.71 € 7.26-8.71
Imported Beer (12 oz small bottle) 7.26 € 5.81-8.71
Cappuccino (regular) 3.99 € 3.27-4.72
Coke/Pepsi (12 oz small bottle) 2.33 € 1.45-3.27
Water (12 oz small bottle) 1.80 € 1.13-2.54
Markets [ Edit ]
Milk (regular), (1 gallon) 4.30 € 3.98-4.67
Loaf of Fresh White Bread (1 lb) 2.45 € 1.76-3.29
Rice (white), (1 lb) 1.13 € 0.66-1.76
Eggs (regular) (12) 4.50 € 3.63-5.08
Local Cheese (1 lb) 5.66 € 4.28-8.23
Chicken Breasts (Boneless, Skinless), (1 lb) 6.72 € 5.27-8.56
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.29 € 6.25-12.34
Apples (1 lb) 0.92 € 0.63-1.63
Banana (1 lb) 0.80 € 0.71-0.99
Oranges (1 lb) 0.98 € 0.66-1.32
Tomato (1 lb) 1.50 € 0.97-1.98
Potato (1 lb) 0.79 € 0.46-0.99
Onion (1 lb) 0.53 € 0.26-0.88
Lettuce (1 head) 1.97 € 0.94-2.90
Water (1.5 liter bottle) 1.60 € 0.88-2.25
Bottle of Wine (Mid-Range) 18.14 € 14.51-21.77
Domestic Beer (0.5 liter bottle) 2.52 € 2.10-2.90
Imported Beer (12 oz small bottle) 2.32 € 1.66-2.90
Cigarettes 20 Pack (Marlboro) 9.43 € 8.71-11.02
Transportation [ Edit ]
One-way Ticket (Local Transport) 3.34 € 3.27-3.34
Monthly Pass (Regular Price) 89.26 € 89.26-91.44
Taxi Start (Normal Tariff) 5.01 € 5.01-5.81
Taxi 1 mile (Normal Tariff) 3.62 € 2.83-5.15
Taxi 1hour Waiting (Normal Tariff) 57.48 € 53.99-72.57
Gasoline (1 gallon) 6.10 € 5.82-6.35
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 24,674.02 € 23,585.46-29,028.26
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 27,392.40 € 23,222.61-30,842.53
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 90.06 € 58.06-140.19
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.16 € 0.12-0.18
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 52.98 € 33.38-72.57
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 52.81 € 47.17-82.95
Tennis Court Rent (1 Hour on Weekend) 29.89 € 18.14-47.17
Cinema, International Release, 1 Seat 10.89 € 10.16-11.97
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 247.88 € 183.12-312.05
International Primary School, Yearly for 1 Child 14,514.13 € 8,708.48-17,416.96
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 99.30 € 54.43-137.88
1 Summer Dress in a Chain Store (Zara, H&M, ...) 47.09 € 32.66-108.86
1 Pair of Nike Running Shoes (Mid-Range) 127.95 € 93.62-181.43
1 Pair of Men Leather Business Shoes 174.82 € 122.64-254.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 1,458.97 € 1,088.56-1,814.27
Apartment (1 bedroom) Outside of Centre 1,188.57 € 870.85-1,451.41
Apartment (3 bedrooms) in City Centre 2,190.53 € 1,814.27-2,685.11
Apartment (3 bedrooms) Outside of Centre 1,779.56 € 1,451.41-2,177.12
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 384.06 € 337.10-522.50
Price per Square Feet to Buy Apartment Outside of Centre 290.71 € 242.71-362.85
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,818.29 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.36 0.04-0.05

Prices in Reykjavik

These data are based on 2445 entries in the past 18 months from 306 different contributors.
Last update: January 2019
Sources and References: Info
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DeutschLebenshaltungskosten in Reykjavik
FrançaisCoût de la Vie à Reykjavik
EspañolCosto 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).