Cost of living in Iceland
compared to
These numbers reflect the average prices of 4 cities in Iceland, such as
Hafnarfjorour,
Akureyri,
Keflavik,
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 |
$19.51
ISK2,699
|
$13.85
-
$38.15
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,275
|
$13.80
-
$18.72
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK374
|
$2.00
-
$3.96
|
| Bottle of water (11 fl. oz) |
$1.95
ISK270
|
$1.40
-
$3.49
|
Iceland - Cost of restaurants
|
Cost
|
Range | |
|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK436
|
$1.97
-
$5.82
|
| Local cheese (8 oz) |
$6.72
ISK929
|
$4.11
-
$9.86
|
| Milk (1 gallon) |
$6.27
ISK867
|
$5.14
-
$8.76
|
|
Eggs
1 dozen
|
$6.03
ISK834
|
$4.22
-
$9.30
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,051
|
$5.23
-
$11.11
|
| Apples (1 lb) |
$1.13
ISK156
|
$0.78
-
$2.12
|
| Bananas (1 lb) |
$1.01
ISK140
|
$0.88
-
$1.42
|
| Oranges (1 lb) |
$1.15
ISK160
|
$0.95
-
$2.57
|
| Tomatoes (1 lb) |
$1.71
ISK237
|
$1.08
-
$2.84
|
| Potatoes (1 lb) |
$1.13
ISK156
|
$0.74
-
$1.80
|
| Onions (1 lb) |
$0.68
ISK94
|
$0.34
-
$1.83
|
Iceland - Cost of groceries
|
Cost
|
Range | |
|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,164
|
$7.36
-
$9.73
|
| Monthly public transit pass |
$68.29
ISK9,444
|
$63.20
-
$81.69
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,492,145
|
$34,872.99
-
$41,154.69
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,212
|
$22.45
-
$34.09
|
Iceland - Cost of transportation
|
Cost
|
Range | |
|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,299
|
$53.59
-
$109.50
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK210,054
|
$1,223.21
-
$1,798.82
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK183,300
|
$1,187.22
-
$1,582.96
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,264
|
$51.07
-
$132.23
|
Iceland - Cost of housing
|
Cost
|
Range | |
|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK35,259
|
$217.57
-
$372.73
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK828,886
|
$4,468.34
-
$9,008.76
|
Iceland - Cost of childcare
|
Cost
|
Range | |
|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,296
|
$7.49
-
$13.06
|
| Cappuccino in mid-range area |
$4.61
ISK638
|
$3.23
-
$6.20
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,551
|
$10.23
-
$13.69
|
| Monthly membership at local gym |
$60.00
ISK8,298
|
$53.66
-
$74.87
|
| Movie ticket to theater/cinema |
$13.94
ISK1,928
|
$11.24
-
$17.00
|
Iceland - Cost of entertainment and sports
|
Cost
|
Range | |
|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,967
|
$66.27
-
$188.72
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,260
|
$29.10
-
$118.12
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,320
|
$76.08
-
$206.06
|
| Men's business shoes (leather) |
$169.24
ISK23,404
|
$116.42
-
$237.77
|
Iceland - Cost of clothing
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