Cost of Living in Iceland

Restaurants Price Range
Meal, Inexpensive Restaurant 18.39 € 12.51 – 23.00
Meal for 2 People, Mid-range Restaurant, Three-course 88.29 € 58.86 – 117.73
McMeal at McDonalds (or Equivalent Combo Meal) 11.04 € 10.96 – 13.98
Domestic Beer (0.5 liter draught) 8.83 € 7.36 – 9.49
Imported Beer (0.33 liter bottle) 7.36 € 5.89 – 8.83
Cappuccino (regular) 4.06 € 3.31 – 4.78
Coke/Pepsi (0.33 liter bottle) 2.23 € 1.32 – 3.31
Water (0.33 liter bottle) 1.86 € 1.10 – 2.94
Markets
Milk (regular), (1 liter) 1.14 € 1.04 – 1.32
Loaf of Fresh White Bread (500g) 2.61 € 2.02 – 3.31
Rice (white), (1kg) 2.44 € 1.47 – 4.25
Eggs (regular) (12) 4.47 € 3.68 – 5.30
Local Cheese (1kg) 12.76 € 9.57 – 18.39
Chicken Breasts (Boneless, Skinless), (1kg) 14.55 € 11.77 – 16.92
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 21.85 € 14.72 – 29.43
Apples (1kg) 2.14 € 1.69 – 3.04
Banana (1kg) 1.82 € 1.47 – 2.80
Oranges (1kg) 2.25 € 1.84 – 3.04
Tomato (1kg) 3.57 € 2.17 – 5.59
Potato (1kg) 1.96 € 1.47 – 2.91
Onion (1kg) 1.63 € 0.59 – 2.21
Lettuce (1 head) 2.06 € 1.38 – 2.93
Water (1.5 liter bottle) 1.57 € 0.92 – 2.21
Bottle of Wine (Mid-Range) 18.39 € 13.98 – 22.07
Domestic Beer (0.5 liter bottle) 2.49 € 2.13 – 2.94
Imported Beer (0.33 liter bottle) 2.49 € 2.06 – 3.09
Cigarettes 20 Pack (Marlboro) 10.08 € 8.83 – 11.04
Transportation
One-way Ticket (Local Transport) 3.38 € 3.24 – 3.46
Monthly Pass (Regular Price) 90.50 € 86.46 – 94.18
Taxi Start (Normal Tariff) 5.08 € 5.08 – 5.89
Taxi 1km (Normal Tariff) 2.21 € 1.78 – 3.24
Taxi 1hour Waiting (Normal Tariff) 58.27 € 54.74 – 73.28
Gasoline (1 liter) 1.64 € 1.52 – 1.73
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,752.63 € 23,913.16 – 30,829.58
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 29,236.21 € 24,060.32 – 33,110.53
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 83.01 € 48.11 – 139.80
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.15 € 0.11 – 0.18
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 57.11 € 36.79 – 73.58
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult 55.89 € 44.15 – 84.10
Tennis Court Rent (1 Hour on Weekend) 32.47 € 22.07 – 73.58
Cinema, International Release, 1 Seat 11.40 € 10.30 – 12.51
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 261.54 € 191.03 – 331.11
International Primary School, Yearly for 1 Child 6,622.11 € 5,150.53 – 8,829.47
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 102.95 € 58.86 – 146.42
1 Summer Dress in a Chain Store (Zara, H&M, …) 47.58 € 25.75 – 88.29
1 Pair of Nike Running Shoes (Mid-Range) 130.63 € 95.65 – 183.95
1 Pair of Men Leather Business Shoes 166.60 € 110.37 – 235.45
Rent Per Month
Apartment (1 bedroom) in City Centre 1,353.30 € 1,030.11 – 1,839.47
Apartment (1 bedroom) Outside of Centre 1,122.49 € 735.79 – 1,471.58
Apartment (3 bedrooms) in City Centre 2,039.61 € 1,545.16 – 2,722.42
Apartment (3 bedrooms) Outside of Centre 1,730.51 € 1,398.00 – 2,060.21
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 4,193.45 € 3,531.79 – 5,150.53
Price per Square Meter to Buy Apartment Outside of Centre 3,212.16 € 2,575.26 – 3,973.26
Salaries And Financing
Average Monthly Net Salary (After Tax) 2,902.86 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.28 0.04 – 0.06
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