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 12,500.00 kr 9,500.00-23,000.00
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 800.00-1,400.00
Imported Beer (12 oz small bottle) 1,000.00 kr 800.00-1,500.00
Cappuccino (regular) 586.36 kr 390.00-900.00
Coke/Pepsi (12 oz small bottle) 340.20 kr 250.00-480.00
Water (12 oz small bottle) 262.22 kr 200.00-350.00
Markets
Edit
Milk (regular), (1 gallon) 683.55 kr 567.81-927.43
Loaf of Fresh White Bread (1 lb) 392.23 kr 259.04-816.47
Rice (white), (1 lb) 163.73 kr 90.72-271.70
Eggs (regular) (12) 683.96 kr 500.00-900.00
Local Cheese (1 lb) 795.81 kr 498.95-1,360.78
Chicken Fillets (1 lb) 931.32 kr 589.67-1,133.98
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,529.92 kr 907.19-1,814.37
Apples (1 lb) 159.77 kr 90.72-226.80
Banana (1 lb) 138.02 kr 90.72-194.28
Oranges (1 lb) 144.00 kr 113.40-272.16
Tomato (1 lb) 237.26 kr 158.30-362.87
Potato (1 lb) 140.83 kr 88.45-208.65
Onion (1 lb) 78.66 kr 30.39-167.38
Lettuce (1 head) 318.69 kr 170.00-400.00
Water (1.5 liter bottle) 222.52 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) 406.03 kr 289.00-600.00
Imported Beer (12 oz small bottle) 384.85 kr 300.00-500.00
Cigarettes 20 Pack (Marlboro) 1,450.00 kr 1,399.00-1,800.00
Transportation
Edit
One-way Ticket (Local Transport) 480.00 kr 450.00-490.00
Monthly Pass (Regular Price) 12,900.00 kr 6,666.67-13,300.00
Taxi Start (Normal Tariff) 750.00 kr 690.00-1,100.00
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) 868.97 kr 757.08-969.07
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,800,000.00 kr 3,590,000.00-4,250,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 4,259,473.68 kr 3,800,000.00-5,000,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 15,071.45 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) 9,070.88 kr 6,000.00-12,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 7,627.58 kr 6,000.00-11,430.00
Tennis Court Rent (1 Hour on Weekend) 4,625.77 kr 3,000.00-6,000.00
Cinema, International Release, 1 Seat 1,680.00 kr 1,490.00-2,000.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 36,650.50 kr 27,000.00-48,000.00
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) 14,922.26 kr 10,000.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,190.45 kr 3,000.00-12,000.00
1 Pair of Nike Running Shoes (Mid-Range) 19,638.79 kr 12,500.00-25,000.00
1 Pair of Men Leather Business Shoes 24,458.28 kr 15,000.00-35,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 181,428.57 kr 130,000.00-240,000.00
Apartment (1 bedroom) Outside of Centre 152,701.10 kr 100,000.00-200,000.00
Apartment (3 bedrooms) in City Centre 267,750.00 kr 200,000.00-360,000.00
Apartment (3 bedrooms) Outside of Centre 234,342.86 kr 185,000.00-300,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 53,196.59 kr 37,160.91-83,612.04
Price per Square Feet to Buy Apartment Outside of Centre 41,052.48 kr 29,728.73-64,759.46
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 409,310.56 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.01 3.20-6.50

Prices in Iceland

This country had 1554 entries in the past 12 months by 167 different contributors.
Last update: December 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