Cost of Living in Reykjavik

Summary about cost of living in Reykjavik, Iceland:

Restaurants
[ Edit ] Range
Meal, Inexpensive Restaurant 18.58 $ 11.89-26.01
Meal for 2 People, Mid-range Restaurant, Three-course 122.61 $ 81.74-520.18
McMeal at McDonalds (or Equivalent Combo Meal) 13.38 $ 11.15-14.86
Domestic Beer (1 pint draught) 8.92 $ 6.69-11.15
Imported Beer (12 oz small bottle) 8.10 $ 7.43-10.40
Cappuccino (regular) 4.37 $ 2.97-5.94
Coke/Pepsi (12 oz small bottle) 2.74 $ 1.86-4.46
Water (12 oz small bottle) 1.96 $ 1.49-2.60
Markets
[ Edit ]
Milk (regular), (1 gallon) 5.06 $ 4.22-7.03
Loaf of Fresh White Bread (1 lb) 3.08 $ 2.18-4.38
Rice (white), (1 lb) 1.26 $ 0.67-1.99
Eggs (regular) (12) 5.34 $ 4.09-6.11
Local Cheese (1 lb) 5.34 $ 3.37-7.32
Chicken Fillets (1 lb) 6.51 $ 4.38-8.43
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 12.24 $ 8.43-16.85
Apples (1 lb) 1.00 $ 0.54-1.69
Banana (1 lb) 0.85 $ 0.71-1.35
Oranges (1 lb) 0.94 $ 0.80-2.36
Tomato (1 lb) 1.88 $ 1.28-2.22
Potato (1 lb) 1.04 $ 0.51-1.34
Onion (1 lb) 0.76 $ 0.40-1.35
Lettuce (1 head) 2.44 $ 1.78-2.97
Water (1.5 liter bottle) 1.74 $ 1.00-2.82
Bottle of Wine (Mid-Range) 18.95 $ 14.12-29.72
Domestic Beer (0.5 liter bottle) 3.06 $ 2.23-4.46
Imported Beer (12 oz small bottle) 2.88 $ 2.16-3.72
Cigarettes 20 Pack (Marlboro) 10.88 $ 10.33-12.56
Transportation
[ Edit ]
One-way Ticket (Local Transport) 3.57 $ 3.49-3.64
Monthly Pass (Regular Price) 95.12 $ 92.89-97.35
Taxi Start (Normal Tariff) 5.13 $ 5.13-6.69
Taxi 1 mile (Normal Tariff) 4.19 $ 2.89-5.98
Taxi 1hour Waiting (Normal Tariff) 58.85 $ 58.85-78.47
Gasoline (1 gallon) 6.34 $ 5.63-7.02
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,163.78 $ 26,380.32-28,238.09
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 31,882.55 $ 30,838.97-33,960.02
Utilities (Monthly)
[ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 96.12 $ 44.59-170.91
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.17 $ 0.04-0.27
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 63.72 $ 44.59-89.17
Sports And Leisure
[ Edit ]
Fitness Club, Monthly Fee for 1 Adult 53.18 $ 44.59-84.94
Tennis Court Rent (1 Hour on Weekend) 39.26 $ 22.29-66.88
Cinema, International Release, 1 Seat 11.89 $ 11.15-14.86
Childcare
[ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 257.26 $ 193.21-334.40
International Primary School, Yearly for 1 Child 6,390.73 $ 4,458.65-14,862.15
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 108.49 $ 59.45-141.19
1 Summer Dress in a Chain Store (Zara, H&M, ...) 46.93 $ 26.01-81.74
1 Pair of Nike Running Shoes (Mid-Range) 130.16 $ 89.17-167.20
1 Pair of Men Leather Business Shoes 171.12 $ 111.47-297.24
Rent Per Month
[ Edit ]
Apartment (1 bedroom) in City Centre 1,486.96 $ 1,114.66-1,857.77
Apartment (1 bedroom) Outside of Centre 1,216.22 $ 891.73-1,664.56
Apartment (3 bedrooms) in City Centre 2,372.56 $ 1,894.92-3,343.98
Apartment (3 bedrooms) Outside of Centre 1,970.72 $ 1,664.56-2,600.88
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 410.04 $ 346.45-552.29
Price per Square Feet to Buy Apartment Outside of Centre 320.88 $ 274.35-414.22
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 3,044.86 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.02 4.00-7.50

Prices in Reykjavik

This city had 1499 entries in the past 12 months by 193 different contributors.
Last update: November 2020
Sources and References
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3 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.