Cost of living in Reykjavik, Iceland

Summary of cost of living in Reykjavik

  • Family of four estimated monthly costs: 1,087,410 kr
  • Single person estimated monthly costs: 563,770 kr
  • WARNING!  These estimates are based on only a few data points. At the moment, you should treat them only as a best guess.

List of prices in Reykjavik
Current as of Dec 2024.

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Food Update prices
Basic lunchtime menu (including a drink) in the business district 6,912 kr
Combo meal in fast food restaurant (big mac meal or similar) 2,937 kr
500 gr (1 lb.) of boneless chicken breast 1,505 kr
1 liter (1 qt.) of whole fat milk 248 kr
12 eggs, large 948 kr
1 kg (2 lb.) of tomatoes 736 kr
500 gr (16 oz.) of local cheese 1,579 kr
1 kg (2 lb.) of apples 531 kr
1 kg (2 lb.) of potatoes 450 kr
0.5 l (16 oz) domestic beer in the supermarket 576 kr
1 bottle of red table wine, good quality 4,730 kr
2 liters of coca-cola 371 kr
Bread for 2 people for 1 day 454 kr
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Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 412,072 kr
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 345,938 kr
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat 47,688 kr
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area 328,691 kr
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area 249,651 kr
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio 33,176 kr
Internet 8 mbps (1 month) 10,661 kr
40” flat screen tv 128,560 kr
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) 28,871 kr
Laundry detergent (3 l. ~ 100 oz.) 2,826 kr
Hourly rate for cleaning help 6,364 kr
Clothes Update prices
1 pair of jeans (levis 501 or similar) 14,089 kr
1 summer dress in a high street store (zara, h&m or similar retailers) 12,510 kr
1 pair of sport shoes (nike, adidas, or equivalent brands) 26,016 kr
1 pair of men’s leather business shoes 28,256 kr
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new 5,926,530 kr
1 liter (1/4 gallon) of gas 302 kr
Monthly ticket public transport 10,866 kr
Taxi trip on a business day, basic tariff, 8 km. (5 miles) 12,051 kr
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Personal Care Update prices
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) 1,305 kr
1 box of antibiotics (12 doses) 1,917 kr
Short visit to private doctor (15 minutes) 11,410 kr
1 box of 32 tampons (tampax, ob, ...) 697 kr
Deodorant, roll-on (50ml ~ 1.5 oz.) 690 kr
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) 723 kr
4 rolls of toilet paper 640 kr
Tube of toothpaste 448 kr
Standard men's haircut in expat area of the city 7,905 kr
Entertainment Update prices
Basic dinner out for two in neighborhood pub 9,775 kr
2 tickets to the movies 3,967 kr
2 tickets to the theater (best available seats) 14,457 kr
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert 13,263 kr
1 cocktail drink in downtown club 3,576 kr
Cappuccino in expat area of the city 795 kr
1 beer in neighbourhood pub (500ml or 1pt.) 1,441 kr
Ipad wi-fi 128gb 164,715 kr
1 min. of prepaid mobile tariff (no discounts or plans) 57 kr
1 month of gym membership in business district 22,726 kr
1 package of marlboro cigarettes 1,785 kr
WARNING!  These prices are based on only a few data points. At this point they are mostly a guess. They are based on 190 prices entered by 24 different people.
Latest price update: December 04, 2024

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International Cost of Living Index

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