Cost of living in Iceland
compared to
Iceland Cost of Living Breakdown
|
Cost
|
Range | |
|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.52
ISK3,354
|
$16.40
-
$43.74
|
|
Fast food combo meal
McDonalds, or similar
|
$21.32
ISK2,696
|
$19.30
-
$27.48
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
ISK393
|
$2.39
-
$4.17
|
| Bottle of water (11 fl. oz) |
$2.72
ISK344
|
$1.99
-
$4.03
|
Iceland - Cost of restaurants
|
Cost
|
Range | |
|---|---|---|
|
Bread
1 loaf
|
$3.80
ISK481
|
$2.65
-
$7.33
|
| Local cheese (8 oz) |
$9.44
ISK1,194
|
$8.15
-
$12.30
|
| Milk (1 gallon) |
$7.78
ISK984
|
$6.43
-
$11.02
|
|
Eggs
1 dozen
|
$6.71
ISK848
|
$5.41
-
$10.24
|
| Boneless chicken breast (1 lb) |
$11.22
ISK1,419
|
$5.58
-
$13.35
|
| Apples (1 lb) |
$1.50
ISK189
|
$1.00
-
$2.23
|
| Bananas (1 lb) |
$1.15
ISK145
|
$0.93
-
$2.05
|
| Oranges (1 lb) |
$1.41
ISK179
|
$1.00
-
$2.42
|
| Tomatoes (1 lb) |
$2.34
ISK296
|
$1.71
-
$3.53
|
| Potatoes (1 lb) |
$1.65
ISK208
|
$1.23
-
$2.19
|
| Onions (1 lb) |
$1.09
ISK138
|
$0.65
-
$2.05
|
Iceland - Cost of groceries
|
Cost
|
Range | |
|---|---|---|
| Gasoline (1 gallon) |
$9.65
ISK1,221
|
$9.11
-
$10.52
|
| Monthly public transit pass |
$79.56
ISK10,063
|
$85.30
-
$91.86
|
| New Volkswagen Golf 1.4 (standard edition) |
$49,144.25
ISK6,215,764
|
$50,771.00
-
$55,692.26
|
| Taxi trip in downtown area (5 miles) |
$25.55
ISK3,232
|
$23.46
-
$37.99
|
Iceland - Cost of transportation
|
Cost
|
Range | |
|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$95.65
ISK12,097
|
$57.41
-
$123.03
|
| 1-Bedroom apartment in downtown area |
$2,289.17
ISK289,534
|
$1,845.47
-
$2,337.60
|
| 1-Bedroom apartment outside city center |
$1,830.04
ISK231,464
|
$1,568.65
-
$2,112.04
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.15
ISK8,240
|
$47.04
-
$150.53
|
Iceland - Cost of housing
|
Cost
|
Range | |
|---|---|---|
| Private preschool for 1 child, monthly |
$334.67
ISK42,328
|
$273.95
-
$424.26
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,884,338
|
$30,711.08
-
$30,711.08
|
Iceland - Cost of childcare
|
Cost
|
Range | |
|---|---|---|
| Domestic/local beer (1 pint) |
$11.14
ISK1,409
|
$8.48
-
$14.35
|
| Cappuccino in mid-range area |
$5.62
ISK711
|
$3.83
-
$7.45
|
|
Pack of cigarettes
Marlboro or similar
|
$13.90
ISK1,758
|
$12.30
-
$15.56
|
| Monthly membership at local gym |
$78.17
ISK9,887
|
$64.80
-
$123.03
|
| Movie ticket to theater/cinema |
$16.75
ISK2,119
|
$14.01
-
$19.69
|
Iceland - Cost of entertainment and sports
|
Cost
|
Range | |
|---|---|---|
|
Regular jeans
Levi's brand
|
$130.91
ISK16,557
|
$65.62
-
$224.74
|
|
Regular dress
from H&M or similar store
|
$61.83
ISK7,820
|
$32.81
-
$123.03
|
|
Running shoes
Nike or Adidas
|
$163.81
ISK20,719
|
$123.03
-
$262.47
|
| Men's business shoes (leather) |
$237.31
ISK30,015
|
$147.64
-
$344.49
|
Iceland - Cost of clothing
Compare Iceland with other locations
These numbers reflect the average prices of 6 cities in Iceland, such as
Reykjavik,
Kopavogur,
Akranes,
Hafnarfjorour,
Akureyri,
and more. To view the cost of living in a specific city in Iceland, search for a city above.
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
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