NUMBEO

Cost of Living in Reykjavik

Summary about cost of living in Reykjavik:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 18.08 € 13.13-22.80
Meal for 2 People, Mid-range Restaurant, Three-course 101.80 € 65.15-122.16
McMeal at McDonalds (or Equivalent Combo Meal) 12.22 € 11.15-14.66
Domestic Beer (1 pint draught) 9.77 € 8.14-9.77
Imported Beer (11.2 oz small bottle) 8.14 € 7.33-9.77
Cappuccino (regular) 4.35 € 3.66-5.29
Coke/Pepsi (11.2 oz small bottle) 2.39 € 1.63-3.66
Water (11.2 oz small bottle) 2.01 € 1.22-2.85
Markets [ Edit ]
Milk (regular), (1 gallon) 4.75 € 4.32-5.55
Loaf of Fresh White Bread (1 lb) 2.77 € 2.21-3.69
Rice (white), (1 lb) 1.13 € 0.74-1.85
Eggs (regular) (12) 5.00 € 4.07-5.70
Local Cheese (1 lb) 6.40 € 4.80-8.68
Chicken Breasts (Boneless, Skinless), (1 lb) 7.64 € 5.91-9.60
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 10.42 € 7.01-13.85
Apples (1 lb) 1.17 € 0.73-1.85
Banana (1 lb) 0.93 € 0.79-1.11
Oranges (1 lb) 1.19 € 0.88-1.48
Tomato (1 lb) 1.74 € 1.11-2.48
Potato (1 lb) 0.95 € 0.55-1.11
Onion (1 lb) 0.60 € 0.30-0.92
Lettuce (1 head) 2.48 € 1.63-3.26
Water (1.5 liter bottle) 1.91 € 1.38-2.52
Bottle of Wine (Mid-Range) 20.36 € 16.29-24.43
Domestic Beer (0.5 liter bottle) 2.79 € 2.35-3.26
Imported Beer (11.2 oz small bottle) 2.56 € 1.87-3.26
Cigarettes 20 Pack (Marlboro) 10.59 € 9.77-11.81
Transportation [ Edit ]
One-way Ticket (Local Transport) 3.75 € 3.58-3.75
Monthly Pass (Regular Price) 100.17 € 93.66-100.17
Taxi Start (Normal Tariff) 5.62 € 5.38-6.52
Taxi 1 mile (Normal Tariff) 3.80 € 2.99-4.34
Taxi 1hour Waiting (Normal Tariff) 60.59 € 60.59-81.12
Gasoline (1 gallon) 6.45 € 6.12-6.94
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 27,690.21 € 26,468.58-28,504.63
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 27,858.18 € 25,898.49-30,947.88
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 97.66 € 65.15-187.32
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.17 € 0.12-0.20
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 52.03 € 32.58-81.44
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 58.27 € 52.94-93.09
Tennis Court Rent (1 Hour on Weekend) 29.07 € 16.29-48.05
Cinema, International Release, 1 Seat 12.22 € 10.59-13.03
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 284.90 € 244.33-342.06
International Primary School, Yearly for 1 Child 19,546.03 € 19,546.03-19,546.03
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 113.74 € 57.01-154.74
1 Summer Dress in a Chain Store (Zara, H&M, ...) 58.05 € 39.91-97.73
1 Pair of Nike Running Shoes (Mid-Range) 142.96 € 97.73-203.60
1 Pair of Men Leather Business Shoes 188.10 € 129.49-244.33
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 1,536.29 € 1,221.63-2,036.04
Apartment (1 bedroom) Outside of Centre 1,253.30 € 814.42-1,628.84
Apartment (3 bedrooms) in City Centre 2,416.98 € 2,036.04-2,850.46
Apartment (3 bedrooms) Outside of Centre 1,938.31 € 1,502.60-2,280.37
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 412.12 € 370.74-491.80
Price per Square Feet to Buy Apartment Outside of Centre 319.32 € 264.81-378.31
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,983.84 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.33 0.04-0.06

Prices in Reykjavik

These data are based on 1910 entries in the past 18 months from 266 different contributors.
Last update: August 2018
Sources and References: Info
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7 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).
#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.