Cost of Living in Reykjavik

Summary about cost of living in Reykjavik, Iceland:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 17.53 $ 13.05-30.00
Meal for 2 People, Mid-range Restaurant, Three-course 105.17 $ 80.00-185.80
McMeal at McDonalds (or Equivalent Combo Meal) 14.02 $ 12.27-16.83
Domestic Beer (1 pint draught) 9.11 $ 7.71-11.22
Imported Beer (12 oz small bottle) 7.71 $ 6.31-10.00
Cappuccino (regular) 4.26 $ 3.16-6.00
Coke/Pepsi (12 oz small bottle) 2.40 $ 1.89-3.51
Water (12 oz small bottle) 1.86 $ 1.40-3.23
Markets
Edit
Milk (regular), (1 gallon) 5.52 $ 4.64-6.50
Loaf of Fresh White Bread (1 lb) 2.85 $ 1.78-5.09
Rice (white), (1 lb) 1.34 $ 0.80-2.39
Eggs (regular) (12) 5.34 $ 4.18-7.99
Local Cheese (1 lb) 6.30 $ 3.35-7.95
Chicken Fillets (1 lb) 7.73 $ 5.72-9.54
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 10.75 $ 6.36-16.53
Apples (1 lb) 1.41 $ 0.82-2.54
Banana (1 lb) 0.90 $ 0.75-1.59
Oranges (1 lb) 1.06 $ 0.86-1.90
Tomato (1 lb) 1.98 $ 1.00-2.85
Potato (1 lb) 1.14 $ 0.64-1.59
Onion (1 lb) 0.60 $ 0.35-1.78
Lettuce (1 head) 2.48 $ 1.72-4.21
Water (1.5 liter bottle) 1.70 $ 0.76-3.51
Bottle of Wine (Mid-Range) 18.23 $ 14.02-28.04
Domestic Beer (0.5 liter bottle) 2.94 $ 2.31-3.86
Imported Beer (12 oz small bottle) 2.44 $ 2.10-3.36
Cigarettes 20 Pack (Marlboro) 11.22 $ 10.52-14.02
Transportation
Edit
One-way Ticket (Local Transport) 3.51 $ 3.44-4.14
Monthly Pass (Regular Price) 63.10 $ 56.09-93.25
Taxi Start (Normal Tariff) 5.12 $ 4.91-5.61
Taxi 1 mile (Normal Tariff) 4.56 $ 3.23-5.64
Taxi 1hour Waiting (Normal Tariff) 56.09 $ 55.53-65.62
Gasoline (1 gallon) 8.41 $ 7.14-9.29
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 35,055.74 $ 30,778.94-40,594.55
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 39,434.47 $ 35,055.74-42,066.89
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 92.81 $ 48.38-168.27
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.08 $ 0.04-0.08
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 62.28 $ 44.17-84.41
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 63.16 $ 46.74-101.66
Tennis Court Rent (1 Hour on Weekend) 31.64 $ 18.23-44.87
Cinema, International Release, 1 Seat 12.62 $ 11.78-17.53
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 271.84 $ 203.32-490.78
International Primary School, Yearly for 1 Child 5,442.40 $ 4,276.80-8,763.93
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 98.63 $ 56.09-126.20
1 Summer Dress in a Chain Store (Zara, H&M, ...) 37.33 $ 25.94-59.59
1 Pair of Nike Running Shoes (Mid-Range) 124.05 $ 70.11-175.28
1 Pair of Men Leather Business Shoes 163.51 $ 105.17-231.37
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,497.45 $ 1,262.01-1,794.85
Apartment (1 bedroom) Outside of Centre 1,275.56 $ 988.57-1,647.62
Apartment (3 bedrooms) in City Centre 2,133.99 $ 1,766.81-3,828.09
Apartment (3 bedrooms) Outside of Centre 1,828.09 $ 1,542.45-2,524.01
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 555.90 $ 455.95-781.62
Price per Square Feet to Buy Apartment Outside of Centre 396.68 $ 325.68-521.08
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,500.54 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.56 3.50-8.00

Prices in Reykjavik

This city had 1162 entries in the past 12 months by 157 different contributors.
Last update: January 2023
Distribution of Expenses Using Our Statistical Model:
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