NUMBEO

Cost of Living in Reykjavik

Summary about cost of living in Reykjavik:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 18.13 € 13.60-21.79
Meal for 2 People, Mid-range Restaurant, Three-course 108.94 € 72.63-137.99
McMeal at McDonalds (or Equivalent Combo Meal) 11.62 € 10.89-13.80
Domestic Beer (1 pint draught) 8.72 € 7.99-10.17
Imported Beer (12 oz small bottle) 7.26 € 7.26-8.72
Cappuccino (regular) 4.03 € 3.27-4.72
Coke/Pepsi (12 oz small bottle) 2.37 € 1.45-3.56
Water (12 oz small bottle) 1.86 € 1.09-2.54
Markets [ Edit ]
Milk (regular), (1 gallon) 4.33 € 4.10-4.81
Loaf of Fresh White Bread (1 lb) 2.49 € 1.81-2.96
Rice (white), (1 lb) 1.06 € 0.66-1.87
Eggs (regular) (12) 4.51 € 3.63-5.23
Local Cheese (1 lb) 5.44 € 4.09-8.57
Chicken Breasts (Boneless, Skinless), (1 lb) 6.37 € 5.27-8.07
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.12 € 6.26-12.52
Apples (1 lb) 0.91 € 0.72-1.15
Banana (1 lb) 0.76 € 0.66-0.91
Oranges (1 lb) 0.92 € 0.82-1.32
Tomato (1 lb) 1.48 € 0.97-1.98
Potato (1 lb) 0.81 € 0.49-0.99
Onion (1 lb) 0.67 € 0.26-0.92
Lettuce (1 head) 2.03 € 0.91-2.89
Water (1.5 liter bottle) 1.40 € 0.91-2.18
Bottle of Wine (Mid-Range) 18.16 € 14.53-21.79
Domestic Beer (0.5 liter bottle) 2.46 € 2.10-2.91
Imported Beer (12 oz small bottle) 2.36 € 1.66-2.91
Cigarettes 20 Pack (Marlboro) 10.10 € 8.72-11.32
Transportation [ Edit ]
One-way Ticket (Local Transport) 3.41 € 3.27-3.41
Monthly Pass (Regular Price) 92.96 € 87.15-92.96
Taxi Start (Normal Tariff) 5.01 € 5.01-5.66
Taxi 1 mile (Normal Tariff) 3.63 € 2.83-5.15
Taxi 1hour Waiting (Normal Tariff) 57.52 € 54.03-72.63
Gasoline (1 gallon) 6.18 € 5.77-6.54
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,782.30 € 23,603.51-30,866.13
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 29,666.35 € 27,597.95-33,190.17
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 83.94 € 47.21-145.25
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.15 € 0.11-0.18
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 61.64 € 50.77-74.80
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 53.92 € 43.58-83.01
Tennis Court Rent (1 Hour on Weekend) 35.53 € 23.24-72.63
Cinema, International Release, 1 Seat 11.26 € 10.17-12.20
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 249.58 € 188.56-312.29
International Primary School, Yearly for 1 Child 7,504.71 € 4,357.57-14,525.24
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 100.57 € 58.10-137.99
1 Summer Dress in a Chain Store (Zara, H&M, ...) 42.75 € 25.42-58.10
1 Pair of Nike Running Shoes (Mid-Range) 126.16 € 108.58-159.78
1 Pair of Men Leather Business Shoes 172.06 € 116.20-232.40
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 1,460.53 € 1,125.71-1,815.65
Apartment (1 bedroom) Outside of Centre 1,213.28 € 871.51-1,452.52
Apartment (3 bedrooms) in City Centre 2,229.42 € 1,815.65-2,759.80
Apartment (3 bedrooms) Outside of Centre 1,866.29 € 1,597.78-2,178.79
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 414.76 € 337.36-539.77
Price per Square Feet to Buy Apartment Outside of Centre 308.82 € 268.13-404.83
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,912.85 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.45 0.04-0.05

Prices in Reykjavik

These data are based on 2070 entries in the past 18 months from 251 different contributors.
Last update: October 2019
Sources and References: Info
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DeutschLebenshaltungskosten in Reykjavik
PortuguêsCusto de Vida em Reykjavík
ItalianoCosto della Vita a Reykjavik
FrançaisCoût de la Vie à Reykjavik
EspañolCosto de Vida en Reikiavik

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4 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!