Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,590.00-4,846.92
Meal for 2 People, Mid-range Restaurant, Three-course 12,000.00 kr 9,500.00-23,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,889.50 kr 1,600.00-2,354.22
Domestic Beer (1 pint draught) 1,160.00 kr 800.00-1,500.00
Imported Beer (12 oz small bottle) 1,000.00 kr 789.12-1,500.00
Cappuccino (regular) 595.12 kr 350.00-900.00
Coke/Pepsi (12 oz small bottle) 321.97 kr 200.00-484.69
Water (12 oz small bottle) 267.09 kr 200.00-400.00
Markets
Edit
Milk (regular), (1 gallon) 713.77 kr 586.74-927.43
Loaf of Fresh White Bread (1 lb) 361.77 kr 249.48-816.47
Rice (white), (1 lb) 184.34 kr 113.40-340.19
Eggs (regular) (12) 692.81 kr 562.80-957.60
Local Cheese (1 lb) 803.65 kr 478.09-1,179.34
Chicken Fillets (1 lb) 987.73 kr 816.01-1,178.89
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,485.89 kr 906.73-2,041.17
Apples (1 lb) 174.74 kr 113.40-317.06
Banana (1 lb) 142.91 kr 107.05-226.80
Oranges (1 lb) 149.56 kr 122.02-272.16
Tomato (1 lb) 258.38 kr 131.52-381.02
Potato (1 lb) 145.40 kr 88.45-208.65
Onion (1 lb) 78.81 kr 44.91-158.76
Lettuce (1 head) 333.43 kr 200.00-400.00
Water (1.5 liter bottle) 235.50 kr 150.00-500.00
Bottle of Wine (Mid-Range) 2,500.00 kr 2,000.00-3,590.00
Domestic Beer (0.5 liter bottle) 404.12 kr 300.00-550.00
Imported Beer (12 oz small bottle) 370.71 kr 300.00-500.00
Cigarettes 20 Pack (Marlboro) 1,500.00 kr 1,399.00-1,990.00
Transportation
Edit
One-way Ticket (Local Transport) 490.00 kr 450.00-500.00
Monthly Pass (Regular Price) 8,000.00 kr 0.00-13,300.00
Taxi Start (Normal Tariff) 740.00 kr 690.00-1,200.00
Taxi 1 mile (Normal Tariff) 532.69 kr 389.46-782.14
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr 7,920.00-8,340.00
Gasoline (1 gallon) 965.19 kr 821.06-1,139.41
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,990,000.00 kr 3,600,000.00-4,400,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,385,882.35 kr 3,800,000.00-5,280,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 15,354.12 kr 7,437.50-24,285.71
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 20.57 kr 10.00-27.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 9,461.96 kr 7,000.00-13,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 8,636.74 kr 6,800.00-14,500.00
Tennis Court Rent (1 Hour on Weekend) 4,625.77 kr 3,000.00-6,000.00
Cinema, International Release, 1 Seat 1,700.00 kr 1,400.00-2,500.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 37,950.50 kr 30,000.00-50,000.00
International Primary School, Yearly for 1 Child 737,333.33 kr 300,000.00-1,250,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 15,539.20 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,946.84 kr 3,000.00-12,000.00
1 Pair of Nike Running Shoes (Mid-Range) 20,855.22 kr 13,000.00-25,000.00
1 Pair of Men Leather Business Shoes 25,469.50 kr 18,000.00-32,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 181,333.33 kr 130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 146,664.80 kr 100,000.00-210,000.00
Apartment (3 bedrooms) in City Centre 257,183.81 kr 200,000.00-320,000.00
Apartment (3 bedrooms) Outside of Centre 223,421.04 kr 180,000.00-290,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 61,320.13 kr 36,231.88-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 47,158.38 kr 32,515.79-74,321.81
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 436,139.46 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.10 3.20-6.50

Prices in Iceland

This country had 1059 entries in the past 12 months by 136 different contributors.
Last update: May 2022
Our data for each country are based on all entries from all cities in that country.
Sources and References
  
This page in other languages:

DeutschLebenshaltungskosten in Island
PortuguêsCusto de Vida na Islândia
ItalianoCosto della Vita in Islanda
FrançaisCoût de la Vie en Islande
EspañolCosto de Vida en Islandia