Cost of Living Comparison Between Keflavik and Reykjavik Cost of Living Comparison Between Keflavik and Reykjavik

🙂 Solo nomad: Keflavik is 6% cheaper than Reykjavik without rent, and 25.8% cheaper with rent.

🙂 Family of 3: Keflavik is 9.8% cheaper than Reykjavik without rent, and 18.4% cheaper with rent.

Meal at Budget Restaurant

$24.08 ISK 3,004

$26.9 ISK 3,355

-10.48%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18K

$146 ISK 18.3K

-1.69%

Fast Food Meal (McDonalds, etc)

$20.26 ISK 2,528

$22.18 ISK 2,767

-8.66%

Cappuccino

$4.01 ISK 500

$6.08 ISK 758

-34.05%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.14 ISK 391

$3.4 ISK 424

-7.65%

Water (0.33 liter bottle)

$2.61 ISK 326

$2.5 ISK 312

4.40%

Local Beer (0.5 liter draught)

$7.94 ISK 990

$12.96 ISK 1,617

-38.73%

Imported Beer (0.33 liter bottle)

$8.01 ISK 1,000

$11.05 ISK 1,379

-27.51%

Milk (1 liter)

$1.88 ISK 234

White Bread (500g)

$4.31 ISK 537

$4.26 ISK 531

1.17%

Rice (white) (1kg)

$2.37 ISK 296

$3.67 ISK 458

-35.42%

Eggs

$6.12 ISK 764

$6.51 ISK 813

-5.99%

Local Cheese (1kg)

$18.3 ISK 2,283

$17.83 ISK 2,224

2.64%

Chicken Fillets (1kg)

$23.39 ISK 2,917

$24.1 ISK 3,006

-2.95%

Beef Round Steak (1kg)

$41.94 ISK 5,232

$43.22 ISK 5,391

-2.96%

Apples (1kg)

$2.45 ISK 306

$3.19 ISK 397

-23.20%

Banana (1kg)

$2.48 ISK 309

$2.54 ISK 317

-2.36%

Oranges (1kg)

$2.44 ISK 305

$3.09 ISK 386

-21.04%

Tomato (1kg)

$3.94 ISK 491

$5.03 ISK 628

-21.67%

Potato (1kg)

$3.15 ISK 393

$3.59 ISK 447

-12.26%

Onion (1kg)

$2.06 ISK 257

$2.4 ISK 300

-14.17%

Lettuce (1 head)

$3.17 ISK 396

$3.08 ISK 384

2.92%

Water (1.5 liter bottle)

$1.91 ISK 239

$2.01 ISK 250

-4.98%

Cigarettes 20 Pack (Marlboro, Camel)

$13.46 ISK 1,680

$13.9 ISK 1,734

-3.17%

Wine (Bottle)

$16.37 ISK 2,042

$23.87 ISK 2,978

-31.42%

Local Beer (0.5 liter bottle)

$3.64 ISK 454

$3.62 ISK 452

0.55%

Imported Beer (0.33 liter bottle)

$2.77 ISK 346

$3.32 ISK 414

-16.57%

One-way Ticket (Public Transport)

$3.7 ISK 461

$5.27 ISK 658

-29.79%

Public Transport Monthly Pass (Regular Price)

$74.4 ISK 9,282

$86.4 ISK 10.8K

-13.90%

Taxi Start (Normal Tariff)

$6.28 ISK 783

$6.26 ISK 781

0.32%

Taxi (Normal Tariff) (1km)

$2.36 ISK 294

$2.53 ISK 316

-6.72%

Taxi 1hour Waiting (Normal Tariff)

$87.6 ISK 10.9K

$85.2 ISK 10.6K

2.82%

Gasoline (1 liter)

$2.48 ISK 310

$2.57 ISK 321

-3.50%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$47.5K ISK 5.9M

$47.8K ISK 6M

-0.60%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$52.5K ISK 6.6M

$52.4K ISK 6.5M

0.22%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$86.6 ISK 10.8K

$86.5 ISK 10.8K

0.07%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$27.89 ISK 3,479

$26.91 ISK 3,357

3.64%

Internet (50+ Mbps, Unlimited Data)

$84.8 ISK 10.6K

$84.9 ISK 10.6K

-0.09%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

Cinema Ticket

$17.59 ISK 2,194

$17.83 ISK 2,225

-1.35%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$326 ISK 40.7K

$318 ISK 39.7K

2.41%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$29.9K ISK 3.7M

-0.73%

Jeans (Levis 501 Or Similar)

$138 ISK 17.2K

$141 ISK 17.6K

-2.21%

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,638

$62.4 ISK 7,785

-1.89%

Sport Shoes (Adidas, Nike)

$186 ISK 23.2K

$183 ISK 22.9K

1.22%

Men's Leather Business Shoes

$184 ISK 22.9K

$267 ISK 33.3K

-31.13%

1-bedroom Apartment, City Center (Monthly)

$1,854 ISK 231.3K

$2,179 ISK 271.8K

-14.90%

1-bedroom Apartment, Outside City Center (Monthly)

$1,347 ISK 168.1K

$2,000 ISK 249.6K

-32.65%

3-bedroom Apartment, City Center (Monthly)

$2,480 ISK 309.4K

$3,152 ISK 393.2K

-21.31%

3-bedroom Apartment, Outside City Center (Monthly)

$1,978 ISK 246.7K

$2,726 ISK 340.1K

-27.45%

Buy Apartment in City Center (m2)

$7,821 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,501 ISK 811K

Average Monthly Net Salary (After Tax)

$3,802 ISK 474.4K

$4,376 ISK 546K

-13.11%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

Citycost data is based on AI and user input – minor inaccuracies may occur.

Last update for Keflavik: October 28, 2025

Last update for Reykjavik: October 28, 2025

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