Cost of living in Iceland
compared to
These numbers reflect the average prices of 4 cities in Iceland, such as
Keflavik,
Reykjavik,
Hafnarfjorour,
Akureyri,
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 |
$17.84
ISK2,491
|
$14.22
-
$33.24
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
ISK1,992
|
$12.08
-
$16.45
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
ISK324
|
$1.98
-
$3.31
|
| Bottle of water (11 fl. oz) |
$2.12
ISK296
|
$1.60
-
$3.17
|
Iceland - Cost of restaurants
|
Cost
|
Range | |
|---|---|---|
|
Bread
1 loaf
|
$3.42
ISK478
|
$2.10
-
$5.62
|
| Local cheese (8 oz) |
$5.98
ISK835
|
$3.84
-
$8.30
|
| Milk (1 gallon) |
$5.33
ISK744
|
$4.53
-
$6.74
|
|
Eggs
1 dozen
|
$5.66
ISK790
|
$4.53
-
$7.70
|
| Boneless chicken breast (1 lb) |
$7.09
ISK991
|
$5.19
-
$8.72
|
| Apples (1 lb) |
$1.16
ISK162
|
$0.81
-
$1.82
|
| Bananas (1 lb) |
$0.98
ISK137
|
$0.89
-
$1.41
|
| Oranges (1 lb) |
$1.17
ISK164
|
$0.97
-
$2.21
|
| Tomatoes (1 lb) |
$1.84
ISK256
|
$1.10
-
$2.36
|
| Potatoes (1 lb) |
$0.96
ISK134
|
$0.69
-
$1.33
|
| Onions (1 lb) |
$0.51
ISK71
|
$0.41
-
$1.33
|
Iceland - Cost of groceries
|
Cost
|
Range | |
|---|---|---|
| Gasoline (1 gallon) |
$8.03
ISK1,122
|
$6.57
-
$9.18
|
| Monthly public transit pass |
$77.40
ISK10,808
|
$58.28
-
$81.95
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
ISK4,166,415
|
$28,962.70
-
$36,072.26
|
| Taxi trip in downtown area (5 miles) |
$23.97
ISK3,347
|
$20.79
-
$33.46
|
Iceland - Cost of transportation
|
Cost
|
Range | |
|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
ISK8,714
|
$50.63
-
$83.22
|
| 1-Bedroom apartment in downtown area |
$1,437.14
ISK200,683
|
$1,203.74
-
$1,638.99
|
| 1-Bedroom apartment outside city center |
$1,215.63
ISK169,750
|
$808.57
-
$1,403.46
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
ISK9,583
|
$44.53
-
$109.41
|
Iceland - Cost of housing
|
Cost
|
Range | |
|---|---|---|
| Private preschool for 1 child, monthly |
$259.34
ISK36,215
|
$216.30
-
$430.12
|
| Middle school for 1 child, two semesters |
$2,750.10
ISK384,024
|
$2,441.72
-
$6,267.48
|
Iceland - Cost of childcare
|
Cost
|
Range | |
|---|---|---|
| Domestic/local beer (1 pint) |
$8.52
ISK1,190
|
$7.43
-
$11.00
|
| Cappuccino in mid-range area |
$4.15
ISK580
|
$3.13
-
$5.32
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
ISK1,485
|
$9.98
-
$12.28
|
| Monthly membership at local gym |
$56.90
ISK7,946
|
$50.00
-
$68.71
|
| Movie ticket to theater/cinema |
$12.27
ISK1,714
|
$10.71
-
$17.48
|
Iceland - Cost of entertainment and sports
|
Cost
|
Range | |
|---|---|---|
|
Regular jeans
Levi's brand
|
$118.08
ISK16,488
|
$84.94
-
$145.69
|
|
Regular dress
from H&M or similar store
|
$50.39
ISK7,036
|
$33.65
-
$87.37
|
|
Running shoes
Nike or Adidas
|
$151.12
ISK21,102
|
$97.61
-
$185.02
|
| Men's business shoes (leather) |
$175.20
ISK24,465
|
$128.21
-
$225.82
|
Iceland - Cost of clothing
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