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 13,000.00 kr 10,000.00-20,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 1,800.00 kr 1,500.00-2,200.00
Domestic Beer (1 pint draught) 1,200.00 kr 624.15-1,500.00
Imported Beer (12 oz small bottle) 1,000.00 kr 800.00-1,500.00
Cappuccino (regular) 576.75 kr 390.00-900.00
Coke/Pepsi (12 oz small bottle) 346.53 kr 249.66-518.01
Water (12 oz small bottle) 262.17 kr 200.00-350.00
Markets
Edit
Milk (regular), (1 gallon) 658.30 kr 567.81-832.79
Loaf of Fresh White Bread (1 lb) 389.03 kr 249.66-800.00
Rice (white), (1 lb) 166.15 kr 90.72-267.17
Eggs (regular) (12) 699.74 kr 500.00-900.00
Local Cheese (1 lb) 759.75 kr 498.95-1,360.78
Chicken Fillets (1 lb) 925.02 kr 589.67-1,133.98
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,571.96 kr 1,043.26-2,041.17
Apples (1 lb) 158.01 kr 90.72-226.80
Banana (1 lb) 134.74 kr 90.72-187.25
Oranges (1 lb) 142.88 kr 107.96-272.16
Tomato (1 lb) 260.32 kr 158.30-362.87
Potato (1 lb) 147.59 kr 81.65-208.65
Onion (1 lb) 80.38 kr 30.39-167.38
Lettuce (1 head) 319.24 kr 170.00-400.00
Water (1.5 liter bottle) 236.88 kr 150.00-358.00
Bottle of Wine (Mid-Range) 2,600.00 kr 1,800.00-5,000.00
Domestic Beer (0.5 liter bottle) 407.14 kr 289.00-600.00
Imported Beer (12 oz small bottle) 383.80 kr 300.00-500.00
Cigarettes 20 Pack (Marlboro) 1,500.00 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) 695.00 kr 690.00-1,100.00
Taxi 1 mile (Normal Tariff) 506.94 kr 389.46-643.74
Taxi 1hour Waiting (Normal Tariff) 7,920.00 kr 7,920.00-8,000.00
Gasoline (1 gallon) 856.31 kr 757.08-919.86
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,790,000.00 kr 3,590,000.00-4,250,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,284,400.00 kr 4,070,000.00-4,790,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 14,570.14 kr 6,500.00-24,285.71
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 20.85 kr 10.00-27.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 8,700.37 kr 6,000.00-12,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 7,620.93 kr 6,000.00-12,000.00
Tennis Court Rent (1 Hour on Weekend) 4,538.46 kr 3,000.00-6,000.00
Cinema, International Release, 1 Seat 1,645.00 kr 1,400.00-2,000.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 35,605.68 kr 26,000.00-50,000.00
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) 15,352.00 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,354.97 kr 3,500.00-12,000.00
1 Pair of Nike Running Shoes (Mid-Range) 19,652.12 kr 12,000.00-25,000.00
1 Pair of Men Leather Business Shoes 24,048.24 kr 15,000.00-35,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 184,111.11 kr 130,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 154,850.90 kr 110,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 279,666.67 kr 220,000.00-400,000.00
Apartment (3 bedrooms) Outside of Centre 243,050.00 kr 200,000.00-320,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 52,844.22 kr 37,160.91-78,966.93
Price per Square Feet to Buy Apartment Outside of Centre 40,759.74 kr 30,657.75-55,741.36
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 414,360.19 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.30 3.50-6.50

Prices in Iceland

This country had 1321 entries in the past 12 months by 144 different contributors.
Last update: July 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