NUMBEO

Cost of Living in Reykjavik

Summary about cost of living in Reykjavik:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 17.50 € 12.77-21.03
Meal for 2 People, Mid-range Restaurant, Three-course 101.41 € 60.10-120.19
McMeal at McDonalds (or Equivalent Combo Meal) 11.27 € 11.19-13.52
Domestic Beer (1 pint draught) 9.01 € 7.51-9.69
Imported Beer (12 oz small bottle) 7.51 € 6.76-9.01
Cappuccino (regular) 4.18 € 3.38-4.88
Coke/Pepsi (12 oz small bottle) 2.33 € 1.50-3.38
Water (12 oz small bottle) 1.88 € 1.16-2.63
Markets [ Edit ]
Milk (regular), (1 gallon) 4.40 € 4.04-4.83
Loaf of Fresh White Bread (1 lb) 2.58 € 1.77-3.41
Rice (white), (1 lb) 1.06 € 0.68-1.70
Eggs (regular) (12) 4.44 € 3.76-4.96
Local Cheese (1 lb) 5.85 € 4.43-8.52
Chicken Breasts (Boneless, Skinless), (1 lb) 6.72 € 5.45-7.84
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.38 € 6.47-11.93
Apples (1 lb) 0.86 € 0.65-1.19
Banana (1 lb) 0.80 € 0.68-0.88
Oranges (1 lb) 0.92 € 0.68-1.36
Tomato (1 lb) 1.37 € 0.88-2.04
Potato (1 lb) 0.81 € 0.47-1.02
Onion (1 lb) 0.51 € 0.27-0.88
Lettuce (1 head) 2.05 € 0.98-3.00
Water (1.5 liter bottle) 1.51 € 0.88-2.25
Bottle of Wine (Mid-Range) 18.78 € 15.02-22.54
Domestic Beer (0.5 liter bottle) 2.63 € 2.17-3.00
Imported Beer (12 oz small bottle) 2.43 € 1.80-3.00
Cigarettes 20 Pack (Marlboro) 9.95 € 9.01-11.27
Transportation [ Edit ]
One-way Ticket (Local Transport) 3.46 € 3.38-3.53
Monthly Pass (Regular Price) 92.40 € 92.40-96.15
Taxi Start (Normal Tariff) 5.18 € 5.18-6.01
Taxi 1 mile (Normal Tariff) 3.63 € 2.93-5.33
Taxi 1hour Waiting (Normal Tariff) 59.50 € 55.89-79.33
Gasoline (1 gallon) 6.36 € 6.17-6.57
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,541.09 € 24,414.28-30,048.34
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 29,848.98 € 24,564.52-33,804.38
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 92.09 € 56.34-150.24
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.15 € 0.11-0.19
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 56.99 € 37.49-75.12
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 54.15 € 48.68-85.86
Tennis Court Rent (1 Hour on Weekend) 31.75 € 22.54-67.61
Cinema, International Release, 1 Seat 11.27 € 10.52-12.62
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 261.07 € 210.34-332.26
International Primary School, Yearly for 1 Child 7,136.48 € 4,507.25-15,024.17
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 102.60 € 52.58-149.49
1 Summer Dress in a Chain Store (Zara, H&M, ...) 43.61 € 30.05-90.15
1 Pair of Nike Running Shoes (Mid-Range) 131.74 € 96.91-187.80
1 Pair of Men Leather Business Shoes 177.57 € 119.44-262.92
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 1,531.19 € 1,126.81-1,878.02
Apartment (1 bedroom) Outside of Centre 1,268.39 € 901.45-1,502.42
Apartment (3 bedrooms) in City Centre 2,293.69 € 1,878.02-2,779.47
Apartment (3 bedrooms) Outside of Centre 1,877.19 € 1,502.42-2,253.63
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 402.39 € 348.94-540.86
Price per Square Feet to Buy Apartment Outside of Centre 301.81 € 277.34-348.94
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,974.10 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.27 0.04-0.05

Prices in Reykjavik

These data are based on 2438 entries in the past 18 months from 301 different contributors.
Last update: March 2019
Sources and References: Info
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DeutschLebenshaltungskosten in Reykjavik
ItalianoCosto della Vita a 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).