Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,500.00-4,500.00
Meal for 2 People, Mid-range Restaurant, Three-course 12,750.00 kr 9,990.00-20,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,839.50 kr 1,500.00-2,200.00
Domestic Beer (1 pint draught) 1,200.00 kr 800.00-1,500.00
Imported Beer (12 oz small bottle) 1,000.00 kr 800.00-1,500.00
Cappuccino (regular) 583.56 kr 390.00-900.00
Coke/Pepsi (12 oz small bottle) 342.90 kr 225.00-525.04
Water (12 oz small bottle) 259.88 kr 200.00-350.00
Markets
Edit
Milk (regular), (1 gallon) 675.43 kr 567.81-927.43
Loaf of Fresh White Bread (1 lb) 384.35 kr 258.10-800.00
Rice (white), (1 lb) 160.73 kr 90.72-267.17
Eggs (regular) (12) 693.76 kr 500.00-900.00
Local Cheese (1 lb) 783.90 kr 498.95-1,360.78
Chicken Fillets (1 lb) 928.33 kr 590.12-1,133.98
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,530.28 kr 906.73-1,814.37
Apples (1 lb) 157.63 kr 90.72-226.80
Banana (1 lb) 131.77 kr 90.72-193.58
Oranges (1 lb) 143.95 kr 113.40-272.16
Tomato (1 lb) 244.19 kr 158.30-362.87
Potato (1 lb) 147.30 kr 88.45-208.65
Onion (1 lb) 78.75 kr 30.39-167.38
Lettuce (1 head) 323.47 kr 170.00-400.00
Water (1.5 liter bottle) 231.79 kr 150.00-300.00
Bottle of Wine (Mid-Range) 2,500.00 kr 1,800.00-5,000.00
Domestic Beer (0.5 liter bottle) 405.98 kr 289.00-600.00
Imported Beer (12 oz small bottle) 380.79 kr 300.00-500.00
Cigarettes 20 Pack (Marlboro) 1,489.50 kr 1,400.00-1,990.00
Transportation
Edit
One-way Ticket (Local Transport) 480.00 kr 450.00-490.00
Monthly Pass (Regular Price) 12,800.00 kr 10,000.00-13,300.00
Taxi Start (Normal Tariff) 700.00 kr 690.00-1,200.00
Taxi 1 mile (Normal Tariff) 482.80 kr 389.46-643.74
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr 7,920.00-8,340.00
Gasoline (1 gallon) 860.73 kr 757.08-946.35
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,790,000.00 kr 3,590,000.00-4,390,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,328,750.00 kr 4,150,000.00-4,930,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 15,136.97 kr 6,538.46-25,000.00
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) 8,821.32 kr 6,000.00-12,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 7,612.25 kr 6,000.00-12,000.00
Tennis Court Rent (1 Hour on Weekend) 4,518.08 kr 3,000.00-6,000.00
Cinema, International Release, 1 Seat 1,650.00 kr 1,400.00-2,000.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 36,227.91 kr 26,616.00-50,000.00
International Primary School, Yearly for 1 Child 679,500.00 kr 300,000.00-1,200,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 15,252.11 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,775.48 kr 3,500.00-13,000.00
1 Pair of Nike Running Shoes (Mid-Range) 19,430.36 kr 12,000.00-25,000.00
1 Pair of Men Leather Business Shoes 23,535.69 kr 15,000.00-35,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 185,851.06 kr 140,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 158,502.17 kr 120,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 282,978.72 kr 220,000.00-400,000.00
Apartment (3 bedrooms) Outside of Centre 245,050.00 kr 200,000.00-320,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 52,722.56 kr 37,160.91-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 41,125.93 kr 29,728.73-55,741.36
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 413,396.25 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.09 3.20-6.50

Prices in Iceland

This country had 1509 entries in the past 12 months by 162 different contributors.
Last update: October 2021
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