Cost of Living in Reykjavik

Summary about cost of living in Reykjavik:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 1,214.17 руб 987.89-1,490.12
Meal for 2 People, Mid-range Restaurant, Three-course 6,622.74 руб 4,691.10-8,278.42
McMeal at McDonalds (or Equivalent Combo Meal) 877.51 руб 827.84-1,103.79
Domestic Beer (1 pint draught) 607.08 руб 551.89-662.27
Imported Beer (11.2 oz small bottle) 551.89 руб 441.52-662.27
Cappuccino (regular) 299.32 руб 275.95-358.73
Coke/Pepsi (11.2 oz small bottle) 166.02 руб 110.38-220.76
Water (11.2 oz small bottle) 117.16 руб 82.78-165.57
Markets [ Edit ]
Milk (regular), (1 gallon) 319.14 руб 271.59-417.83
Loaf of Fresh White Bread (1 lb) 177.02 руб 124.85-250.34
Rice (white), (1 lb) 88.35 руб 62.58-125.17
Eggs (regular) (12) 347.56 руб 275.95-386.33
Local Cheese (1 lb) 408.50 руб 300.40-500.17
Chicken Breasts (Boneless, Skinless), (1 lb) 556.95 руб 375.50-691.94
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 755.58 руб 500.17-976.31
Apples (1 lb) 82.28 руб 49.57-125.17
Banana (1 lb) 69.19 руб 59.83-103.64
Oranges (1 lb) 77.55 руб 54.82-100.13
Tomato (1 lb) 119.24 руб 75.10-168.98
Potato (1 lb) 70.24 руб 50.07-92.37
Onion (1 lb) 39.75 руб 25.03-74.85
Lettuce (1 head) 181.49 руб 110.38-220.76
Water (1.5 liter bottle) 139.77 руб 99.34-171.09
Bottle of Wine (Mid-Range) 1,214.17 руб 1,103.79-1,655.68
Domestic Beer (0.5 liter bottle) 210.86 руб 193.16-248.35
Imported Beer (11.2 oz small bottle) 185.24 руб 149.01-248.35
Pack of Cigarettes (Marlboro) 717.46 руб 662.27-827.84
Transportation [ Edit ]
One-way Ticket (Local Transport) 242.83 руб 231.80-248.35
Monthly Pass (Regular Price) 6,484.76 руб 6,236.41-6,484.76
Taxi Start (Normal Tariff) 380.81 руб 380.81-430.48
Taxi 1 mile (Normal Tariff) 204.28 руб 202.51-293.10
Taxi 1hour Waiting (Normal Tariff) 4,106.10 руб 4,106.10-4,415.16
Gasoline (1 gallon) 409.02 руб 392.76-419.92
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 1,766,062.78 руб 1,705,354.37-1,876,441.70
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 2,001,344.17 руб 1,699,835.43-2,191,021.64
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 6,851.90 руб 3,863.26-11,037.89
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 11.09 руб 8.28-12.69
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 3,551.55 руб 2,202.06-4,911.86
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 4,239.06 руб 3,311.37-6,893.16
Tennis Court Rent (1 Hour on Weekend) 1,600.49 руб 827.84-2,207.58
Cinema, International Release, 1 Seat 822.32 руб 772.65-849.92
Childcare [ Edit ]
Preschool (or Kindergarten), Private, Monthly for 1 Child 20,038.83 руб 15,147.85-27,594.73
International Primary School, Yearly for 1 Child 1,324,547.09 руб 1,324,547.09-1,324,547.09
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 8,696.80 руб 5,518.95-11,037.89
1 Summer Dress in a Chain Store (Zara, H&M, ...) 5,104.61 руб 2,759.47-6,622.74
1 Pair of Nike Running Shoes (Mid-Range) 10,262.59 руб 8,278.42-12,688.06
1 Pair of Men Leather Business Shoes 13,769.77 руб 11,037.89-16,556.84
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 97,424.73 руб 73,843.50-121,416.82
Apartment (1 bedroom) Outside of Centre 75,381.91 руб 55,189.46-99,341.03
Apartment (3 bedrooms) in City Centre 152,750.19 руб 132,454.71-176,606.28
Apartment (3 bedrooms) Outside of Centre 125,211.09 руб 104,859.98-149,011.55
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 27,797.74 руб 23,072.52-33,326.97
Price per Square Feet to Buy Apartment Outside of Centre 19,668.49 руб 15,381.68-25,636.13
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 169,914.77 руб
Mortgage Interest Rate in Percentages (%), Yearly 6.86 3.04-4.30

Prices in Reykjavik

These data are based on 1967 entries in the past 18 months from 206 different contributors.
Last update: August 2017
Sources and References: Info
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8 Comments so far

#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.
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.
#gabrielle on Dec 11, 2013 :
hello! i wanna move there as fast as possible after i graduate here in sweden, so i was wondering how hard it is to find a job in iceland (preferebly reykjavik or akranes) :)
#Thorsteinn on Aug 13, 2013 :

Hey Riccardo

A good site to find housing is (for properties for sale) and for properties for rent. Unfortunately these sites are in Icelandic, but the listings use the same language.

You can calculate the list price for a house using 10Mkr + 0.22 Mkr/sq.m*A, where A is the surface area of the house. This puts a 100 square meter house at around 32Mkr. "Charm" can then add up to 20% to the price.
A sales agent told me that there is a lot of bartering possible, since loans and money are hard to come by for housing in Iceland. You can start your bid at 1/3 lower if you have a some 20% or more cash available. Worst case scenario, they don't sell you the place.

Apartments are cheaper than houses, but as far as I can see, the front door costs 21MKr. The price per square meter is then 0.136Mkr/sq.m

What I have a hard time to believe on numbeo is the low market price for rent posted here. This seems to be lower than what I have seen.

Best of luck!