Cost of Living in Reykjavik
Summary of cost of living in Reykjavik, Iceland:
- The estimated monthly costs for a family of four are 456,675.2руб (733,323.3kr), excluding rent (using our estimator).
- The estimated monthly costs for a single person are 121,938.7руб (195,807.7kr), excluding rent.
- Reykjavik is 11.5% more expensive than Seattle (excluding rent, see our cost of living index).
- Rent in Reykjavik is, on average, 19.6% lower than in Seattle.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2,070.64 руб | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 11,832.20 руб | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 1,743.69 руб | |
| Domestic Beer (1 pint draught) | 996.40 руб | |
| Imported Beer (12 oz small bottle) | 871.85 руб | |
| Cappuccino (regular) | 475.32 руб | |
| Coke/Pepsi (12 oz small bottle) | 254.91 руб | |
| Water (12 oz small bottle) | 199.48 руб | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 557.26 руб | |
| Loaf of Fresh White Bread (1 lb) | 299.89 руб | |
| Rice (white), (1 lb) | 126.30 руб | |
| Eggs (regular) (12) | 502.02 руб | |
| Local Cheese (1 lb) | 642.70 руб | |
| Chicken Fillets (1 lb) | 846.46 руб | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 1,490.57 руб | |
| Apples (1 lb) | 113.87 руб | |
| Banana (1 lb) | 86.90 руб | |
| Oranges (1 lb) | 107.37 руб | |
| Tomato (1 lb) | 172.33 руб | |
| Potato (1 lb) | 126.78 руб | |
| Onion (1 lb) | 83.59 руб | |
| Lettuce (1 head) | 244.23 руб | |
| Water (1.5 liter bottle) | 152.30 руб | |
| Bottle of Wine (Mid-Range) | 1,868.24 руб | |
| Domestic Beer (0.5 liter bottle) | 283.14 руб | |
| Imported Beer (12 oz small bottle) | 254.08 руб | |
| Cigarettes 20 Pack (Marlboro) | 1,058.67 руб | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 404.79 руб | |
| Monthly Pass (Regular Price) | 6,725.67 руб | |
| Taxi Start (Normal Tariff) | 491.97 руб | |
| Taxi 1 mile (Normal Tariff) | 324.72 руб | |
| Taxi 1hour Waiting (Normal Tariff) | 6,669.63 руб | |
| Gasoline (1 gallon) | 732.51 руб | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 3,667,982.86 руб | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 4,047,858.84 руб | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 6,811.77 руб | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 2,125.19 руб | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 6,612.80 руб | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 6,389.06 руб | |
| Tennis Court Rent (1 Hour on Weekend) | 2,906.16 руб | |
| Cinema, International Release, 1 Seat | 1,363.82 руб | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 24,886.78 руб | |
| International Primary School, Yearly for 1 Child | 2,331,750.40 руб | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 10,768.26 руб | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 4,773.88 руб | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 14,140.59 руб | |
| 1 Pair of Men Leather Business Shoes | 20,606.15 руб | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 171,552.11 руб | |
| Apartment (1 bedroom) Outside of Centre | 157,243.75 руб | |
| Apartment (3 bedrooms) in City Centre | 246,322.59 руб | |
| Apartment (3 bedrooms) Outside of Centre | 212,526.74 руб | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 54,913.71 руб | |
| Price per Square Feet to Buy Apartment Outside of Centre | 46,296.93 руб | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 336,601.65 руб | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.70 |
Prices in Reykjavik
This city had 903 entries in the past 12 months by 121 different contributors.
Last update: 21 May 2025
Last update: 21 May 2025
Sources and References
Moving to Reykjavik? Explore:
Distribution of Expenses Using Our Statistical Model:
Nearby Cities:| Cost of Living in Hafnarfjörður (Hafnarfjorour) | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |
This Page in Other Languages:
 DeutschLebenshaltungskosten in Reykjavik
|
 PortuguêsCusto de Vida em Reykjavík
|
 ItalianoCosto della Vita a Reykjavik
|
 FrançaisCoût de la Vie à Reykjavik
|
 EspañolCosto de Vida en Reikiavik
|
These are private prep schools taught only in English (no Icelandic or whichever local language), which have a high standard (unlike Iceland, where children have low reading/writing/science skills and no grades or extracurricular activities where one has to excel) normally to get into ivy league schools in the U.S.
They exist all over the world :) and, as private schools, they're not free or have similar study programs as the local schools.
I hope this clarifies the difference (because you all added International in your comments, but don't seem to know what it means)
Primary schools in Iceland are free.
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