Cost of living in Reykjavik, Iceland

The cost of living in Reykjavik, Iceland is approximately 2915 $ per month for a single person, including rent.

For a family of four, it's around 5968 $, also including rent.

Cost of living in Reykjavik

Cost of Living, one person, including rent
2915 $
Without Rent
1134 $
Rent & Utilities
1781 $
Food
832 $
Transport
89 $
Monthly Salary, after tax
3918 $
GDP per Capita
78,811 $
Freedom Index
8.73
Lifespan
82 years
Speak English
98%
Population
140.0K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 22 $
Dinner 125 $
Fast food, McDonalds or KFC 18.5 $
Beer, 0.5 L or 16 fl oz 11.1 $
Capuccino 5.35 $
Coke, 330ml 3.27 $

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Markets

Milk, 1 L or 1 qt 1.72 $
Bread, 0.5 kg or 1 lb 3.66 $
Rice, 1 kg or 2 lb 3.25 $
Eggs, 12 pack 5.9 $
Cheese, 1 kg or 2 lb 16 $
Chicken Breast, 1 kg or 2 lb 21.4 $
Round Steak, 1 kg or 2 lb 37.6 $
Apples, 1 kg or 2 lb 3.07 $
Banana, 1 kg or 2 lb 2.29 $
Oranges, 1 kg or 2 lb 2.72 $
Tomato, 1 kg or 2 lb 4.99 $
Potato, 1 kg or 2.2 lb 3.21 $
Onion, 1 kg or 2.2 lb 2.16 $
Water, 1 L or 1 qt 1.37 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.74 $
Wine, 750 mL bottle 22 $
Beer, 0.5 L or 16 fl oz 3.27 $
Cigarette pack 12.2 $

Transportation

One-way Ticket 4.63 $
Monthly Pass 77.2 $
Gas or Petrol, 1l or 0.26 gal 2.29 $
Taxi, 8 km 24.8 $

Personal Care

Doctor Visit, private clinic 84.7 $
Cold medicine, for 1 week 11.6 $
Hair Shampoo, 400 ml or 12 oz. 5.36 $
Toilet paper, 4 rolls 4.68 $
Toothpaste, 1 tube 3.32 $

Utilities per Month

1 person, electricity, heating, water & garbage 44 $
Family of 4, electricity, heating, water & garbage 68 $
Internet plan, +60 Mbps 74.1 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,626 $
3 Bedroom Apartment, outside of center, 85 sq.m 2,552 $
1 Bedroom Apartment, in city center, 40 sq.m 1,809 $
3 Bedroom Apartment, in city center, 85 sq.m 2,822 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 6,498 $
Price per Square Meter to Buy House, in suburbs 5,311 $

Salaries and Financing

Average Monthly Net Salary, after tax 3,918 $
Mortgage Interest Rate, for 20 years fixed-rate 8.55%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 71.8 $
Cinema, 1 seat 15.1 $
Haircut 47.4 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 155 $
Brand Jeans, Levis 501 112 $

Childcare

Preschool, full day, monthly for 1 child 254 $
International Primary School, yearly for 1 child 6,167 $