Cost of Living in Reykjavik

Summary of cost of living in Reykjavik, Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,008.09 руб 1,332.04-3,012.14
Meal for 2 People, Mid-range Restaurant, Three-course 11,546.54 руб 7,697.69-18,742.21
McMeal at McDonalds (or Equivalent Combo Meal) 1,573.01 руб 1,338.73-1,673.41
Domestic Beer (1 pint draught) 1,004.05 руб 803.24-1,265.10
Imported Beer (12 oz small bottle) 836.71 руб 635.90-1,265.10
Cappuccino (regular) 471.78 руб 334.68-602.43
Coke/Pepsi (12 oz small bottle) 270.39 руб 187.42-334.68
Water (12 oz small bottle) 189.37 руб 133.87-301.21
Markets
Edit
Milk (regular), (1 gallon) 575.46 руб 501.70-760.15
Loaf of Fresh White Bread (1 lb) 310.04 руб 194.12-607.24
Rice (white), (1 lb) 136.90 руб 87.75-236.82
Eggs (regular) (12) 553.37 руб 401.62-722.91
Local Cheese (1 lb) 650.97 руб 364.34-910.86
Chicken Fillets (1 lb) 828.52 руб 546.51-1,032.00
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,326.05 руб 733.36-2,094.97
Apples (1 lb) 134.60 руб 75.90-227.41
Banana (1 lb) 89.14 руб 72.87-151.81
Oranges (1 lb) 118.13 руб 83.50-271.13
Tomato (1 lb) 206.67 руб 91.67-303.62
Potato (1 lb) 127.95 руб 69.83-163.95
Onion (1 lb) 90.30 руб 36.43-170.03
Lettuce (1 head) 292.97 руб 166.67-431.07
Water (1.5 liter bottle) 200.95 руб 72.29-354.09
Bottle of Wine (Mid-Range) 1,874.22 руб 1,338.73-3,012.14
Domestic Beer (0.5 liter bottle) 286.58 руб 214.20-395.53
Imported Beer (12 oz small bottle) 241.57 руб 178.72-308.58
Cigarettes 20 Pack (Marlboro) 1,104.45 руб 1,004.05-1,338.73
Transportation
Edit
One-way Ticket (Local Transport) 381.54 руб 368.15-421.70
Monthly Pass (Regular Price) 6,225.09 руб 5,421.85-8,936.02
Taxi Start (Normal Tariff) 488.64 руб 488.64-595.73
Taxi 1 mile (Normal Tariff) 386.73 руб 323.17-523.54
Taxi 1hour Waiting (Normal Tariff) 6,445.98 руб 5,582.50-8,032.38
Gasoline (1 gallon) 801.72 руб 752.54-836.16
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,875,621.33 руб 3,413,759.72-3,942,557.79
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,074,544.33 руб 3,801,991.21-4,685,552.55
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 7,946.92 руб 4,618.62-16,734.12
Mobile Phone Monthly Plan with Calls and 10GB+ Data 2,178.56 руб 1,673.41-3,346.82
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 6,147.85 руб 4,183.53-8,701.74
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 5,911.07 руб 4,462.43-9,371.11
Tennis Court Rent (1 Hour on Weekend) 2,687.02 руб 1,673.41-4,283.93
Cinema, International Release, 1 Seat 1,338.73 руб 1,137.92-1,539.54
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 22,137.90 руб 19,411.57-29,452.04
International Primary School, Yearly for 1 Child 556,688.27 руб 415,006.08-836,705.81
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 9,686.38 руб 5,354.92-14,726.02
1 Summer Dress in a Chain Store (Zara, H&M, ...) 4,176.17 руб 2,543.59-8,701.74
1 Pair of Nike Running Shoes (Mid-Range) 13,292.97 руб 6,827.52-19,746.26
1 Pair of Men Leather Business Shoes 16,929.81 руб 10,174.34-23,427.76
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 171,971.07 руб 133,876.28-200,809.40
Apartment (1 bedroom) Outside of Centre 153,908.63 руб 133,872.93-187,422.10
Apartment (3 bedrooms) in City Centre 251,658.03 руб 200,809.40-334,682.33
Apartment (3 bedrooms) Outside of Centre 221,997.36 руб 194,115.75-301,214.09
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 53,894.09 руб 44,151.70-74,622.59
Price per Square Feet to Buy Apartment Outside of Centre 42,835.76 руб 32,336.46-55,966.94
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 338,569.20 руб
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.14 3.95-10.50

Prices in Reykjavik

This city had 1119 entries in the past 12 months by 151 different contributors.
Last update: March 2024
Distribution of Expenses Using Our Statistical Model:
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3 Comments so far
HB on Oct 23, 2023:
As the two comments above state, Schools in Iceland are free from 5 to 16 years old, therefore please dismiss the "831,666.67 kr for 1 Year of International Primary School"
HG on Oct 04, 2023:
What do you mean by "International Primary School, Yearly for 1 Child" ?
Primary schools in Iceland are free.
Helena on Apr 04, 2023:
Hi hi, this is not right "International Primary School, Yearly for 1 Child"
This is free in Iceland, everywhere...please make this right :)
I just took some time to put in the new price from the store Krónan here in Iceland so it is very accurate to day, but schoolf for children from 5 to 16 is free.
best regards,
Helena