Iceland:pronouncedis a Nordicisland country between the North Atlantic and Cold Seas, on the Mid-Atlantic Edge between North America and Europe. It is connected socially and politically with Europe and is the district’s most inadequately populated country. Its capital and biggest city is Reykjavík, which is home to around 36% of the country’s about 380,000 inhabitants. The authority language of the nation is Icelandic.
Summary of cost of living in Iceland:
A family of four estimated monthly costs are 14,884.9DT (660,575.0kr) without rent.
A single person estimated monthly costs are 4,025.6DT (178,652.8kr) without rent.
Restaurants
Range
Meal, Inexpensive Restaurant
3,000.00 kr
1,990.00-5,000.00
Meal for 2 People, Mid-range Restaurant, Three-course
16,000.00 kr
10,000.00-28,000.00
McMeal at McDonalds (or Equivalent Combo Meal)
2,299.50 kr
1,990.00-2,500.00
Domestic Beer (0.5 liter draught)
1,410.14 kr
901.85-1,800.00
Imported Beer (0.33 liter bottle)
1,200.00 kr
850.00-1,803.69
Cappuccino (regular)
677.62 kr
414.72-1,000.00
Coke/Pepsi (0.33 liter bottle)
395.40 kr
276.48-526.08
Water (0.33 liter bottle)
295.27 kr
200.00-480.00
Markets
Range
Milk (regular), (1 liter)
224.90 kr
167.00-300.62
Loaf of Fresh White Bread (500g)
480.64 kr
296.00-1,000.00
Rice (white), (1kg)
442.33 kr
280.00-695.00
Eggs (regular) (12)
799.42 kr
598.00-1,140.00
Local Cheese (1kg)
2,033.03 kr
1,200.00-3,000.00
Chicken Fillets (1kg)
2,588.23 kr
1,523.84-3,699.00
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
4,287.80 kr
2,300.00-6,900.00
Apples (1kg)
434.22 kr
250.00-749.00
Banana (1kg)
306.60 kr
250.00-500.00
Oranges (1kg)
377.29 kr
275.00-893.00
Tomato (1kg)
645.13 kr
304.77-1,000.00
Potato (1kg)
424.86 kr
225.00-700.00
Onion (1kg)
265.20 kr
110.00-550.00
Lettuce (1 head)
434.00 kr
200.00-700.00
Water (1.5 liter bottle)
293.45 kr
109.00-500.00
Bottle of Wine (Mid-Range)
2,750.00 kr
2,000.00-4,500.00
Domestic Beer (0.5 liter bottle)
439.70 kr
330.00-600.00
Imported Beer (0.33 liter bottle)
369.58 kr
250.00-500.00
Cigarettes 20 Pack (Marlboro)
1,650.00 kr
1,500.00-2,000.00
Transportation
Range
One-way Ticket (Local Transport)
570.00 kr
490.00-630.00
Monthly Pass (Regular Price)
9,300.00 kr
8,000.00-12,000.00
Taxi Start (Normal Tariff)
730.00 kr
700.00-890.00
Taxi 1km (Normal Tariff)
303.00 kr
250.00-437.00
Taxi 1hour Waiting (Normal Tariff)
9,360.00 kr
8,000.00-12,000.00
Gasoline (1 liter)
310.89 kr
262.84-335.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
5,290,000.00 kr
4,500,000.00-5,790,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
5,774,916.67 kr
5,000,000.00-6,200,000.00
Utilities (Monthly)
Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
14,742.85 kr
7,000.00-25,000.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data
3,320.53 kr
2,600.00-5,000.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
9,857.82 kr
6,500.00-15,400.00
Sports And Leisure
Range
Fitness Club, Monthly Fee for 1 Adult
8,865.14 kr
6,800.00-14,000.00
Tennis Court Rent (1 Hour on Weekend)
4,248.33 kr
2,600.00-6,000.00
Cinema, International Release, 1 Seat
2,000.00 kr
1,600.00-2,300.00
Childcare
Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
36,663.56 kr
30,000.00-50,000.00
International Primary School, Yearly for 1 Child
776,250.00 kr
610,000.00-1,250,000.00
Clothing And Shoes
Range
1 Pair of Jeans (Levis 501 Or Similar)
16,025.31 kr
8,200.00-20,000.00
1 Summer Dress in a Chain Store (Zara, H&M, …)
6,962.11 kr
3,800.00-16,000.00
1 Pair of Nike Running Shoes (Mid-Range)
21,026.67 kr
10,300.00-27,000.00
1 Pair of Men Leather Business Shoes
24,089.05 kr
15,250.00-35,000.00
Rent Per Month
Range
Apartment (1 bedroom) in City Centre
242,654.09 kr
165,888.00-300,000.00
Apartment (1 bedroom) Outside of Centre
216,068.38 kr
143,000.00-280,000.00
Apartment (3 bedrooms) in City Centre
341,073.17 kr
255,000.00-475,000.00
Apartment (3 bedrooms) Outside of Centre
308,918.92 kr
220,000.00-450,000.00
Buy Apartment Price
Range
Price per Square Meter to Buy Apartment in City Centre
796,249.96 kr
600,000.00-1,100,000.00
Price per Square Meter to Buy Apartment Outside of Centre
646,082.87 kr
500,000.00-900,000.00
Salaries And Financing
Range
Average Monthly Net Salary (After Tax)
583,516.35 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
7.37
3.69-10.50
Prices in Iceland
This country had 1435 entries in the past 12 months by 201 different contributors. Last update: May 2024 Our data for each country are based on all entries from all cities in that country.
Restaurants
Markets
Transportation
