Cost of living in Iceland
compared to
These numbers reflect the average prices of 4 cities in Iceland, such as
Hafnarfjorour,
Akureyri,
Keflavik,
Reykjavik,
and more. To view the cost of living in a specific city in Iceland, search for a city above.
|
Cost
|
Range | |
|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,691
|
$13.39
-
$38.95
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,350
|
$14.39
-
$20.89
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK390
|
$2.10
-
$3.96
|
| Bottle of water (11 fl. oz) |
$2.02
ISK280
|
$1.41
-
$3.48
|
Iceland - Cost of restaurants
|
Cost
|
Range | |
|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK410
|
$1.95
-
$7.16
|
| Local cheese (8 oz) |
$7.27
ISK1,008
|
$4.27
-
$10.02
|
| Milk (1 gallon) |
$6.01
ISK833
|
$4.77
-
$9.12
|
|
Eggs
1 dozen
|
$5.42
ISK752
|
$4.32
-
$7.70
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,180
|
$5.18
-
$11.28
|
| Apples (1 lb) |
$1.22
ISK170
|
$0.87
-
$2.29
|
| Bananas (1 lb) |
$1.03
ISK142
|
$0.82
-
$1.63
|
| Oranges (1 lb) |
$1.17
ISK162
|
$0.88
-
$2.45
|
| Tomatoes (1 lb) |
$1.87
ISK260
|
$1.06
-
$3.10
|
| Potatoes (1 lb) |
$1.23
ISK171
|
$0.74
-
$1.90
|
| Onions (1 lb) |
$0.78
ISK109
|
$0.49
-
$1.80
|
Iceland - Cost of groceries
|
Cost
|
Range | |
|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,160
|
$7.45
-
$9.26
|
| Monthly public transit pass |
$71.28
ISK9,889
|
$63.90
-
$78.80
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,641,260
|
$39,339.34
-
$43,183.18
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,057
|
$20.83
-
$41.37
|
Iceland - Cost of transportation
|
Cost
|
Range | |
|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,013
|
$47.45
-
$108.11
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK255,009
|
$1,201.20
-
$1,753.75
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK207,801
|
$1,261.26
-
$1,621.62
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,049
|
$44.34
-
$133.19
|
Iceland - Cost of housing
|
Cost
|
Range | |
|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,818
|
$228.23
-
$364.72
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK831,607
|
$4,468.47
-
$9,009.01
|
Iceland - Cost of childcare
|
Cost
|
Range | |
|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,275
|
$7.21
-
$13.21
|
| Cappuccino in mid-range area |
$4.65
ISK645
|
$3.47
-
$6.55
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,631
|
$10.44
-
$13.81
|
| Monthly membership at local gym |
$61.46
ISK8,527
|
$53.93
-
$78.63
|
| Movie ticket to theater/cinema |
$14.35
ISK1,991
|
$11.41
-
$16.94
|
Iceland - Cost of entertainment and sports
|
Cost
|
Range | |
|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,432
|
$65.47
-
$174.17
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,281
|
$28.83
-
$114.11
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,533
|
$76.28
-
$210.18
|
| Men's business shoes (leather) |
$184.49
ISK25,597
|
$115.62
-
$246.25
|
Iceland - Cost of clothing
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