Cost of Living in Iceland

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2,500.00 kr 1,604.00-4,910.38
Meal for 2 People, Mid-range Restaurant, Three-course 14,000.00 kr 9,500.00-30,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,990.00 kr 1,657.20-2,385.04
Domestic Beer (1 pint draught) 1,200.00 kr 841.78-1,500.00
Imported Beer (12 oz small bottle) 1,000.00 kr 800.00-1,500.00
Cappuccino (regular) 612.88 kr 390.00-900.00
Coke/Pepsi (12 oz small bottle) 337.61 kr 200.00-491.04
Water (12 oz small bottle) 273.54 kr 200.00-414.30
Markets
Edit
Milk (regular), (1 gallon) 730.28 kr 605.67-927.43
Loaf of Fresh White Bread (1 lb) 393.42 kr 254.01-725.75
Rice (white), (1 lb) 186.95 kr 90.72-417.31
Eggs (regular) (12) 739.14 kr 562.80-1,140.00
Local Cheese (1 lb) 815.65 kr 478.09-1,360.78
Chicken Fillets (1 lb) 1,014.98 kr 816.47-1,269.15
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,507.47 kr 907.19-2,131.43
Apples (1 lb) 180.21 kr 113.40-362.87
Banana (1 lb) 138.97 kr 107.05-229.00
Oranges (1 lb) 148.18 kr 122.02-272.16
Tomato (1 lb) 265.63 kr 127.27-453.59
Potato (1 lb) 153.97 kr 88.45-212.74
Onion (1 lb) 84.04 kr 45.36-167.38
Lettuce (1 head) 341.00 kr 200.00-800.00
Water (1.5 liter bottle) 254.75 kr 109.00-500.00
Bottle of Wine (Mid-Range) 2,500.00 kr 2,000.00-4,000.00
Domestic Beer (0.5 liter bottle) 416.42 kr 320.00-590.91
Imported Beer (12 oz small bottle) 368.77 kr 300.00-500.00
Cigarettes 20 Pack (Marlboro) 1,600.00 kr 1,400.00-1,990.00
Transportation
Edit
One-way Ticket (Local Transport) 490.00 kr 450.00-500.00
Monthly Pass (Regular Price) 8,000.00 kr 6,666.67-13,300.00
Taxi Start (Normal Tariff) 740.00 kr 690.00-1,100.00
Taxi 1 mile (Normal Tariff) 563.27 kr 389.46-782.14
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr 7,920.00-8,340.00
Gasoline (1 gallon) 1,094.30 kr 832.79-1,290.83
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 4,200,000.00 kr 3,600,000.00-4,890,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,621,500.00 kr 3,990,000.00-5,434,166.67
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 15,473.94 kr 7,437.50-24,285.71
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 22.54 kr 5.00-27.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 9,162.93 kr 6,900.00-12,040.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 8,572.80 kr 6,666.67-14,500.00
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 1,400.00-2,000.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 38,333.89 kr 29,000.00-65,000.00
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) 15,680.74 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,332.86 kr 3,700.00-13,000.00
1 Pair of Nike Running Shoes (Mid-Range) 20,230.00 kr 12,000.00-25,000.00
1 Pair of Men Leather Business Shoes 25,199.55 kr 15,000.00-33,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 186,578.95 kr 140,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 152,526.32 kr 100,000.00-210,000.00
Apartment (3 bedrooms) in City Centre 268,165.64 kr 220,000.00-350,000.00
Apartment (3 bedrooms) Outside of Centre 233,347.03 kr 200,000.00-280,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 65,356.09 kr 37,160.91-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 49,880.23 kr 37,160.91-74,321.81
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 443,209.26 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.30 3.20-7.33

Prices in Iceland

This country had 1523 entries in the past 12 months by 187 different contributors.
Last update: August 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