Cost of living in Iceland

 Iceland
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Iceland Cost of Living Breakdown
 
Cost
Range
Basic meal with drink at inexpensive restaurant $19.40
ISK2,717
$13.39 - $38.95
Fast food combo meal
McDonalds, or similar
$16.94
ISK2,373
$14.39 - $20.89
Bottle of Coca-Cola (11 fl. oz) $2.81
ISK394
$2.10 - $3.96

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Cost
Range
Bread
1 loaf
$2.95
ISK414
$1.95 - $7.16
Local cheese (8 oz) $7.27
ISK1,017
$4.27 - $10.02
Milk (1 gallon) $6.01
ISK841
$4.77 - $9.12

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Cost
Range
Gasoline (1 gallon) $8.36
ISK1,171
$7.45 - $9.26
Monthly public transit pass $71.28
ISK9,983
$63.90 - $78.80
New Volkswagen Golf 1.4 (standard edition) $40,660.66
ISK5,694,526
$39,339.34 - $43,183.18

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Cost
Range
Internet connection
50 mbps or faster, cable/dsl
$72.17
ISK10,108
$47.45 - $108.11
1-Bedroom apartment in downtown area $1,838.04
ISK257,417
$1,201.20 - $1,753.75
1-Bedroom apartment outside city center $1,497.77
ISK209,763
$1,261.26 - $1,621.62

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Cost
Range
Private preschool for 1 child, monthly $258.16
ISK36,156
$228.23 - $364.72
Middle school for 1 child, two semesters $5,993.99
ISK839,459
$4,468.47 - $9,009.01

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Cost
Range
Domestic/local beer (1 pint) $9.19
ISK1,287
$7.21 - $13.21
Cappuccino in mid-range area $4.65
ISK651
$3.47 - $6.55
Pack of cigarettes
Marlboro or similar
$11.76
ISK1,646
$10.44 - $13.81

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Cost
Range
Regular jeans
Levi's brand
$111.23
ISK15,578
$65.47 - $174.17
Regular dress
from H&M or similar store
$59.69
ISK8,359
$28.83 - $114.11
Running shoes
Nike or Adidas
$148.00
ISK20,727
$76.28 - $210.18

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These numbers reflect the average prices of 4 cities in Iceland, such as Reykjavik, Hafnarfjorour, Keflavik, Akureyri, and more. To view the cost of living in a specific city in Iceland, search for a city above.
For a detailed breakdown of Santa Cruz vs. the national average, see the cost of living in Iceland compared to Iceland.

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