Cost of living comparison
Iceland is 10.7% more expensive than Keflavik.
- Restaurants
-
pay 0.2% less in Iceland
- Groceries
-
pay 9.4% more in Iceland
- Transportation
-
pay 6.4% less in Iceland
- Housing
-
pay 47.4% more in Iceland
- Childcare
-
pay 2.4% more in Iceland
- Entertainment and Sports
-
pay 15.0% more in Iceland
- Clothing
-
pay 7.3% more in Iceland
The cost of housing, entertainment and sports, groceries, clothing, and childcare in Iceland are more expensive than in Keflavik. Expenses including transportation and restaurants are lower in Iceland.
If you lived in Iceland instead of Keflavik, you would:
pay 0.2% less for restaurants
|
Keflavik
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,631
|
$19.40
ISK2,552
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.10
ISK1,987
|
$16.94
ISK2,229
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.88
ISK379
|
$2.81
ISK370
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK288
|
$2.02
ISK266
|
|
pay 9.4% more for groceries
|
Keflavik
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK475
|
$2.95
ISK389
|
|
| Local cheese (8 oz) |
$7.76
ISK1,021
|
$7.27
ISK956
|
|
| Milk (1 gallon) |
$6.40
ISK843
|
$6.01
ISK790
|
|
|
Eggs
1 dozen
|
$5.40
ISK711
|
$5.42
ISK713
|
|
| Boneless chicken breast (1 lb) |
$8.60
ISK1,131
|
$8.51
ISK1,119
|
|
| Apples (1 lb) |
$0.92
ISK120
|
$1.22
ISK161
|
|
| Bananas (1 lb) |
$0.92
ISK120
|
$1.03
ISK135
|
|
| Oranges (1 lb) |
$0.98
ISK129
|
$1.17
ISK154
|
|
| Tomatoes (1 lb) |
$1.50
ISK198
|
$1.87
ISK246
|
|
| Potatoes (1 lb) |
$1.08
ISK142
|
$1.23
ISK162
|
|
| Onions (1 lb) |
$0.60
ISK79
|
$0.78
ISK103
|
|
pay 6.4% less for transportation
|
Keflavik
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.49
ISK1,117
|
$8.36
ISK1,100
|
|
| Monthly public transit pass |
$80.36
ISK10,574
|
$71.28
ISK9,379
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,585,630
|
$40,660.66
ISK5,350,130
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,165
|
$22.04
ISK2,900
|
|
pay 47.4% more for housing
|
Keflavik
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$64.86
ISK8,535
|
$72.17
ISK9,497
|
|
| 1-Bedroom apartment in downtown area |
$1,345.35
ISK177,021
|
$1,838.04
ISK241,849
|
|
| 1-Bedroom apartment outside city center |
$960.96
ISK126,443
|
$1,497.77
ISK197,077
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$31.23
ISK4,109
|
$58.01
ISK7,634
|
|
pay 2.4% more for childcare
|
Keflavik
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK33,177
|
$258.16
ISK33,969
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK788,690
|
$5,993.99
ISK788,690
|
|
pay 15.0% more for entertainment and sports
|
Keflavik
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.57
ISK996
|
$9.19
ISK1,209
|
|
| Cappuccino in mid-range area |
$3.57
ISK469
|
$4.65
ISK612
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.77
ISK1,417
|
$11.76
ISK1,547
|
|
| Monthly membership at local gym |
$57.66
ISK7,587
|
$61.46
ISK8,087
|
|
| Movie ticket to theater/cinema |
$13.33
ISK1,754
|
$14.35
ISK1,888
|
|
pay 7.3% more for clothing
|
Keflavik
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK14,339
|
$111.23
ISK14,636
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,542
|
$59.69
ISK7,854
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK19,981
|
$148.00
ISK19,474
|
|
| Men's business shoes (leather) |
$168.17
ISK22,128
|
$184.49
ISK24,276
|
|
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