Cost of living in Reykjavik
compared to
Cost of living in Reykjavik vs. Iceland overall average
Reykjavik is 4.8% more expensive than Iceland overall.
- Restaurants
-
pay 7.5% more in Reykjavik
- Groceries
-
pay 11.2% more in Reykjavik
- Transportation
-
pay 5.1% more in Reykjavik
- Housing
-
pay 4.3% more in Reykjavik
- Childcare
-
pay 2.3% less in Reykjavik
- Entertainment and Sports
-
pay 10.6% more in Reykjavik
- Clothing
-
pay 2.7% less in Reykjavik
The cost of groceries, entertainment and sports, restaurants, transportation, and housing in Reykjavik are more expensive than in Iceland. Expenses including clothing and childcare are lower in Reykjavik.
Reykjavik Cost of Living Breakdown
|
Cost
|
Range | |
|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,569
|
$13.69
-
$32.43
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,314
|
$15.86
-
$20.18
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK405
|
$2.16
-
$3.96
|
| Bottle of water (11 fl. oz) |
$2.19
ISK281
|
$1.44
-
$3.46
|
Reykjavik - Cost of restaurants
|
Cost
|
Range | |
|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK464
|
$2.16
-
$7.93
|
| Local cheese (8 oz) |
$7.76
ISK996
|
$4.32
-
$10.81
|
| Milk (1 gallon) |
$6.40
ISK822
|
$5.57
-
$8.73
|
|
Eggs
1 dozen
|
$5.76
ISK739
|
$4.32
-
$6.92
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,213
|
$4.90
-
$12.09
|
| Apples (1 lb) |
$1.40
ISK180
|
$0.88
-
$2.25
|
| Bananas (1 lb) |
$1.01
ISK130
|
$0.82
-
$1.63
|
| Oranges (1 lb) |
$1.22
ISK156
|
$0.88
-
$2.45
|
| Tomatoes (1 lb) |
$2.22
ISK286
|
$1.06
-
$3.10
|
| Potatoes (1 lb) |
$1.43
ISK184
|
$0.74
-
$1.80
|
| Onions (1 lb) |
$0.93
ISK120
|
$0.52
-
$1.80
|
Reykjavik - Cost of groceries
|
Cost
|
Range | |
|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,092
|
$7.91
-
$8.78
|
| Monthly public transit pass |
$74.95
ISK9,626
|
$67.03
-
$77.84
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,451,803
|
$41,729.73
-
$44,612.61
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,089
|
$22.56
-
$41.21
|
Reykjavik - Cost of transportation
|
Cost
|
Range | |
|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,973
|
$46.85
-
$100.90
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK253,152
|
$1,657.66
-
$2,162.16
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK231,611
|
$1,585.59
-
$2,162.16
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,929
|
$38.03
-
$137.78
|
Reykjavik - Cost of housing
|
Cost
|
Range | |
|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK32,382
|
$223.42
-
$360.36
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK769,793
|
$4,468.47
-
$9,009.01
|
Reykjavik - Cost of childcare
|
Cost
|
Range | |
|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,388
|
$7.21
-
$13.69
|
| Cappuccino in mid-range area |
$5.31
ISK681
|
$3.96
-
$6.85
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,573
|
$10.81
-
$13.62
|
| Monthly membership at local gym |
$69.95
ISK8,983
|
$49.01
-
$112.22
|
| Movie ticket to theater/cinema |
$14.77
ISK1,897
|
$12.25
-
$16.58
|
Reykjavik - Cost of entertainment and sports
|
Cost
|
Range | |
|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,995
|
$58.38
-
$144.14
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,386
|
$27.39
-
$93.69
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK19,502
|
$74.23
-
$216.18
|
| Men's business shoes (leather) |
$194.16
ISK24,935
|
$109.91
-
$259.46
|
Reykjavik - Cost of clothing
Tip: Try viewing our aggregate cost of living in Iceland
to see the average cost of cities throughout Iceland, like
Keflavik,
Akureyri,
Reykjavik,
Hafnarfjorour,
and more.
For a detailed breakdown of Santa Cruz vs. the national average, see the cost of living in Iceland compared to Reykjavik.
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