Cost of living in Iceland

compared to
These numbers reflect the average prices of 4 cities in Iceland, such as Akureyri, Keflavik, Hafnarfjorour, 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 $15.00
kr1,574
$11.31 - $29.67
Fast food combo meal
McDonalds, or similar
$12.33
kr1,294
$10.03 - $16.17
Bottle of Coca-Cola (11 fl. oz) $2.20
kr231
$1.39 - $2.95

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Cost
Range
Bread
1 loaf
$3.14
kr330
$2.05 - $5.84
Local cheese (8 oz) $5.86
kr615
$3.82 - $8.40
Milk (1 gallon) $5.16
kr542
$4.59 - $6.88

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Cost
Range
Gasoline (1 gallon) $7.21
kr757
$6.05 - $8.56
Monthly public transit pass $85.09
kr8,930
$70.78 - $95.81
New Volkswagen Golf 1.4 (standard edition) $27,857.83
kr2,923,679
$25,633.25 - $34,961.32

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Cost
Range
Internet connection
50 mbps or faster, cable/dsl
$66.89
kr7,020
$54.35 - $91.93
1-Bedroom apartment in downtown area $1,349.42
kr141,621
$1,137.57 - $1,610.80
1-Bedroom apartment outside city center $1,143.63
kr120,024
$815.26 - $1,308.21

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Cost
Range
Private preschool for 1 child, monthly $277.52
kr29,126
$246.43 - $420.56
Middle school for 1 child, two semesters $2,822.44
kr296,215
$2,411.65 - $5,756.10

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Cost
Range
Domestic/local beer (1 pint) $7.85
kr824
$5.75 - $9.99
Cappuccino in mid-range area $4.10
kr430
$2.92 - $5.88
Pack of cigarettes
Marlboro or similar
$11.37
kr1,194
$10.23 - $12.31

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Cost
Range
Regular jeans
Levi's brand
$117.41
kr12,322
$93.53 - $145.35
Regular dress
from H&M or similar store
$55.13
kr5,786
$35.38 - $75.20
Running shoes
Nike or Adidas
$156.49
kr16,424
$126.39 - $182.00

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