Solo nomad: Estimated monthly costs are $1,364 (excluding rent), and $1,598 including rent.
Family of 3: Estimated monthly costs are $4,130 (excluding rent), and $3,953 including rent.
Meal at Budget Restaurant
$15.34 ISK 1,882
$48.43 ISK 5,942
Three-Course Dinner for Two, Mid-Range
$79.4 ISK 9,747
$238 ISK 29.2K
Fast Food Meal (McDonalds, etc)
$19.26 ISK 2,363
$27.28 ISK 3,347
Cappuccino
$3.91 ISK 480
$7.43 ISK 911
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$2.37 ISK 291
$3.97 ISK 487
Water (0.33 liter bottle)
$2.07 ISK 254
$3.97 ISK 487
Local Beer (0.5 liter draught)
$8.18 ISK 1,003
$14.71 ISK 1,805
Imported Beer (0.33 liter bottle)
$8.97 ISK 1,100
$14.68 ISK 1,801
Taxi Start (Normal Tariff)
$5.76 ISK 707
$8.23 ISK 1,010
Taxi (Normal Tariff) (1km)
$2.21 ISK 271
$3.53 ISK 433
Taxi 1hour Waiting (Normal Tariff)
$80.6 ISK 9,890
$97.7 ISK 12.0K
Gasoline (1 liter)
$2.42 ISK 297
$2.65 ISK 326
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$44.0K ISK 5.4M
$49.5K ISK 6.1M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$48.9K ISK 6.0M
$55.2K ISK 6.8M
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$61.7 ISK 7,567
$204 ISK 25.0K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$19.72 ISK 2,419
$39.43 ISK 4,838
Internet (50+ Mbps, Unlimited Data)
$61.2 ISK 7,505
$122 ISK 15.0K
Jeans (Levis 501 Or Similar)
$95.6 ISK 11.7K
$175 ISK 21.5K
Summer Dress (H&M, Zara, etc)
$40.04 ISK 4,912
$104 ISK 12.8K
Sport Shoes (Adidas, Nike)
$119 ISK 14.7K
$239 ISK 29.3K
Men's Leather Business Shoes
$142 ISK 17.5K
$332 ISK 40.7K