Solo nomad: Estimated monthly costs are $1,537 (excluding rent), and $1,617 including rent.
Family of 3: Estimated monthly costs are $3,352 (excluding rent), and $4,082 including rent.
Meal at Budget Restaurant
$15.15 ISK 1,852
$47.84 ISK 5,848
Three-Course Dinner for Two, Mid-Range
$81.2 ISK 9,920
$243 ISK 29.8K
Fast Food Meal (McDonalds, etc)
$19.43 ISK 2,375
$27.52 ISK 3,364
Cappuccino
$4.12 ISK 504
$7.83 ISK 957
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$2.36 ISK 289
$3.95 ISK 483
Water (0.33 liter bottle)
$2.03 ISK 248
$3.90 ISK 476
Local Beer (0.5 liter draught)
$7.95 ISK 972
$14.31 ISK 1,750
Imported Beer (0.33 liter bottle)
$8.68 ISK 1,061
$14.20 ISK 1,736
Taxi Start (Normal Tariff)
$5.61 ISK 686
$8.01 ISK 980
Taxi (Normal Tariff) (1km)
$2.10 ISK 256
$3.34 ISK 409
Taxi 1hour Waiting (Normal Tariff)
$79.4 ISK 9,700
$96.2 ISK 11.8K
Gasoline (1 liter)
$2.34 ISK 286
$2.57 ISK 314
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$43.7K ISK 5.3M
$49.2K ISK 6.0M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$49.1K ISK 6.0M
$55.4K ISK 6.8M
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$61.4 ISK 7,500
$203 ISK 24.8K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$19.78 ISK 2,418
$39.56 ISK 4,836
Internet (50+ Mbps, Unlimited Data)
$60.3 ISK 7,370
$120 ISK 14.7K
Jeans (Levis 501 Or Similar)
$98.2 ISK 12.0K
$180 ISK 22.0K
Summer Dress (H&M, Zara, etc)
$40.38 ISK 4,936
$105 ISK 12.8K
Sport Shoes (Adidas, Nike)
$119 ISK 14.6K
$239 ISK 29.2K
Men's Leather Business Shoes
$147 ISK 18.0K
$343 ISK 41.9K