Cost of living in Iceland

compared to
These numbers reflect the average prices of 4 cities in Iceland, such as Keflavik, Reykjavik, Akureyri, Hafnarfjorour, 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
kr2,506
$14.22 - $33.24
Fast food combo meal
McDonalds, or similar
$14.27
kr2,005
$12.08 - $16.45
Bottle of Coca-Cola (11 fl. oz) $2.32
kr326
$1.98 - $3.31

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Cost
Range
Bread
1 loaf
$3.42
kr481
$2.10 - $5.62
Local cheese (8 oz) $5.98
kr841
$3.84 - $8.30
Milk (1 gallon) $5.33
kr748
$4.53 - $6.74

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Cost
Range
Gasoline (1 gallon) $8.03
kr1,129
$6.57 - $9.18
Monthly public transit pass $77.40
kr10,876
$58.28 - $81.95
New Volkswagen Golf 1.4 (standard edition) $29,836.83
kr4,192,672
$28,962.70 - $36,072.26

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Cost
Range
Internet connection
50 mbps or faster, cable/dsl
$62.40
kr8,769
$50.63 - $83.22
1-Bedroom apartment in downtown area $1,437.14
kr201,947
$1,203.74 - $1,638.99
1-Bedroom apartment outside city center $1,215.63
kr170,820
$808.57 - $1,403.46

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Cost
Range
Private preschool for 1 child, monthly $259.34
kr36,443
$216.30 - $430.12
Middle school for 1 child, two semesters $2,750.10
kr386,444
$2,441.72 - $6,267.48

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Cost
Range
Domestic/local beer (1 pint) $8.52
kr1,198
$7.43 - $11.00
Cappuccino in mid-range area $4.15
kr584
$3.13 - $5.32
Pack of cigarettes
Marlboro or similar
$10.64
kr1,494
$9.98 - $12.28

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Cost
Range
Regular jeans
Levi's brand
$118.08
kr16,592
$84.94 - $145.69
Regular dress
from H&M or similar store
$50.39
kr7,081
$33.65 - $87.37
Running shoes
Nike or Adidas
$151.12
kr21,235
$97.61 - $185.02

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