Cost of living in Reykjavik
compared to
Cost of living in Reykjavik vs. Iceland overall average
Reykjavik is 4.0% more expensive than Iceland overall.
- Restaurants
-
pay 4.2% more in Reykjavik
- Groceries
-
pay 4.6% more in Reykjavik
- Transportation
-
pay 6.1% more in Reykjavik
- Housing
-
pay 2.8% less in Reykjavik
- Childcare
-
pay 2.1% less in Reykjavik
- Entertainment and Sports
-
pay 8.4% more in Reykjavik
- Clothing
-
pay 9.3% more in Reykjavik
The cost of clothing, entertainment and sports, transportation, groceries, and restaurants in Reykjavik are more expensive than in Iceland. Expenses including housing and childcare are lower in Reykjavik.
Reykjavik Cost of Living Breakdown
Restaurants
|
Cost
|
Range | |
|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$27.48
ISK3,372
|
$15.58
$15.58
$45.11
$45.11
|
|
Fast food combo meal
McDonalds, or similar
|
$22.76
ISK2,793
|
$19.69
$19.69
$27.89
$27.89
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.34
ISK409
|
$2.45
$2.45
$4.10
$4.10
|
| Bottle of water (11 fl. oz) |
$2.70
ISK331
|
$1.98
$1.98
$4.02
$4.02
|
Reykjavik - Cost of restaurants
Groceries
|
Cost
|
Range | |
|---|---|---|
|
Bread
1 loaf
|
$4.63
ISK569
|
$3.02
$3.02
$8.20
$8.20
|
| Local cheese (8 oz) |
$9.44
ISK1,158
|
$8.16
$8.16
$12.30
$12.30
|
| Milk (1 gallon) |
$7.63
ISK936
|
$6.49
$6.49
$10.87
$10.87
|
|
Eggs
1 dozen
|
$6.50
ISK798
|
$5.41
$5.41
$8.86
$8.86
|
| Boneless chicken breast (1 lb) |
$11.29
ISK1,386
|
$5.58
$5.58
$13.24
$13.24
|
| Apples (1 lb) |
$1.59
ISK195
|
$1.00
$1.00
$2.23
$2.23
|
| Bananas (1 lb) |
$1.17
ISK143
|
$0.93
$0.93
$2.05
$2.05
|
| Oranges (1 lb) |
$1.49
ISK183
|
$1.00
$1.00
$2.42
$2.42
|
| Tomatoes (1 lb) |
$2.54
ISK311
|
$1.71
$1.71
$3.53
$3.53
|
| Potatoes (1 lb) |
$1.70
ISK208
|
$1.23
$1.23
$2.08
$2.08
|
| Onions (1 lb) |
$1.13
ISK139
|
$0.65
$0.65
$2.05
$2.05
|
Reykjavik - Cost of groceries
Transportation
|
Cost
|
Range | |
|---|---|---|
| Gasoline (1 gallon) |
$9.66
ISK1,185
|
$9.07
$9.07
$9.97
$9.97
|
| Monthly public transit pass |
$88.58
ISK10,870
|
$85.30
$85.30
$91.86
$91.86
|
| New Volkswagen Golf 1.4 (standard edition) |
$50,771.00
ISK6,230,109
|
$50,771.00
$51K
$55,692.26
$56K
|
| Taxi trip in downtown area (5 miles) |
$28.07
ISK3,444
|
$25.43
$25.43
$37.81
$37.81
|
Reykjavik - Cost of transportation
Housing
|
Cost
|
Range | |
|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$81.97
ISK10,058
|
$57.41
$57.41
$123.03
$123.03
|
| 1-Bedroom apartment in downtown area |
$2,259.48
ISK277,261
|
$1,804.46
$2K
$2,788.71
$3K
|
| 1-Bedroom apartment outside city center |
$2,034.90
ISK249,703
|
$1,640.42
$2K
$2,460.63
$2K
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$60.87
ISK7,470
|
$47.04
$47.04
$150.53
$150.53
|
Reykjavik - Cost of housing
Childcare
|
Cost
|
Range | |
|---|---|---|
| Private preschool for 1 child, monthly |
$327.78
ISK40,222
|
$273.95
$273.95
$410.10
$410.10
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,768,557
|
$30,711.08
$31K
$30,711.08
$31K
|
Reykjavik - Cost of childcare
Entertainment and Sports
|
Cost
|
Range | |
|---|---|---|
| Domestic/local beer (1 pint) |
$13.12
ISK1,610
|
$8.20
$8.20
$14.76
$14.76
|
| Cappuccino in mid-range area |
$6.17
ISK758
|
$4.10
$4.10
$7.79
$7.79
|
|
Pack of cigarettes
Marlboro or similar
|
$13.94
ISK1,710
|
$12.30
$12.30
$15.17
$15.17
|
| Monthly membership at local gym |
$87.35
ISK10,719
|
$64.80
$64.80
$123.03
$123.03
|
| Movie ticket to theater/cinema |
$17.18
ISK2,109
|
$14.76
$14.76
$19.27
$19.27
|
Reykjavik - Cost of entertainment and sports
Clothing
|
Cost
|
Range | |
|---|---|---|
|
Regular jeans
Levi's brand
|
$145.10
ISK17,805
|
$65.62
$65.62
$188.65
$188.65
|
|
Regular dress
from H&M or similar store
|
$63.97
ISK7,850
|
$32.81
$32.81
$123.03
$123.03
|
|
Running shoes
Nike or Adidas
|
$193.43
ISK23,736
|
$123.03
$123.03
$262.47
$262.47
|
| Men's business shoes (leather) |
$248.79
ISK30,529
|
$147.64
$147.64
$344.49
$344.49
|
Reykjavik - Cost of clothing
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