Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,500.00-4,550.95
Meal for 2 People, Mid-range Restaurant, Three-course 12,000.00 kr 9,990.00-22,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,800.00 kr 1,500.00-2,000.00
Domestic Beer (1 pint draught) 1,200.00 kr 634.05-1,500.00
Imported Beer (12 oz small bottle) 1,000.00 kr 800.00-1,500.00
Cappuccino (regular) 580.47 kr 390.00-900.00
Coke/Pepsi (12 oz small bottle) 336.32 kr 200.00-600.00
Water (12 oz small bottle) 260.76 kr 200.00-350.00
Markets
Edit
Milk (regular), (1 gallon) 655.95 kr 567.81-946.35
Loaf of Fresh White Bread (1 lb) 383.27 kr 253.62-800.00
Rice (white), (1 lb) 165.06 kr 90.72-258.09
Eggs (regular) (12) 685.96 kr 477.00-800.00
Local Cheese (1 lb) 716.63 kr 476.27-1,486.88
Chicken Fillets (1 lb) 902.80 kr 589.67-1,111.30
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,560.25 kr 1,088.62-2,041.17
Apples (1 lb) 142.48 kr 86.18-226.80
Banana (1 lb) 141.16 kr 90.72-190.22
Oranges (1 lb) 146.24 kr 113.40-272.16
Tomato (1 lb) 260.54 kr 158.76-362.87
Potato (1 lb) 145.36 kr 81.65-180.98
Onion (1 lb) 94.26 kr 44.45-167.38
Lettuce (1 head) 294.14 kr 170.00-369.00
Water (1.5 liter bottle) 235.09 kr 130.00-358.00
Bottle of Wine (Mid-Range) 2,500.00 kr 1,800.00-4,000.00
Domestic Beer (0.5 liter bottle) 400.16 kr 289.00-600.00
Imported Beer (12 oz small bottle) 382.81 kr 300.00-500.00
Cigarettes 20 Pack (Marlboro) 1,450.00 kr 1,390.00-1,800.00
Transportation
Edit
One-way Ticket (Local Transport) 480.00 kr 450.00-490.00
Monthly Pass (Regular Price) 12,800.00 kr 7,500.00-13,100.00
Taxi Start (Normal Tariff) 690.00 kr 690.00-1,100.00
Taxi 1 mile (Normal Tariff) 482.80 kr 389.46-564.88
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr 7,920.00-8,000.00
Gasoline (1 gallon) 850.69 kr 757.08-927.43
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,790,000.00 kr 3,590,000.00-4,120,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,198,800.00 kr 3,990,000.00-4,570,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 14,120.46 kr 6,538.46-24,285.71
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 21.42 kr 5.00-27.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 8,837.68 kr 6,000.00-14,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 7,609.05 kr 6,000.00-12,000.00
Tennis Court Rent (1 Hour on Weekend) 4,416.67 kr 3,000.00-6,000.00
Cinema, International Release, 1 Seat 1,600.00 kr 1,400.00-2,000.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 35,290.79 kr 26,000.00-45,000.00
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) 15,090.86 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,281.44 kr 3,500.00-12,000.00
1 Pair of Nike Running Shoes (Mid-Range) 19,554.87 kr 12,000.00-25,000.00
1 Pair of Men Leather Business Shoes 23,728.97 kr 15,000.00-35,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 179,523.81 kr 130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 152,063.32 kr 100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 274,880.95 kr 200,000.00-420,000.00
Apartment (3 bedrooms) Outside of Centre 241,135.14 kr 200,000.00-350,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 51,961.72 kr 37,160.91-74,321.81
Price per Square Feet to Buy Apartment Outside of Centre 40,638.83 kr 30,657.75-55,741.36
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 388,108.32 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.70 3.50-7.33

Prices in Iceland

This country had 992 entries in the past 12 months by 112 different contributors.
Last update: April 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