Cost of Living Comparison Between Reykjavik and Hella Cost of Living Comparison Between Reykjavik and Hella

😐 Solo nomad: Reykjavik is 15.4% more expensive than Hella without rent, and 139.5% more expensive with rent.

😐 Family of 3: Reykjavik is 20.3% more expensive than Hella without rent, and 79% more expensive with rent.

Meal at Budget Restaurant

$26.9 ISK 3,355

$27.03 ISK 3,372

-0.48%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.3K

$142 ISK 17.7K

2.93%

Fast Food Meal (McDonalds, etc)

$22.18 ISK 2,767

$22.3 ISK 2,782

-0.54%

Cappuccino

$6.08 ISK 758

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

$3.4 ISK 424

$3.38 ISK 422

0.59%

Water (0.33 liter bottle)

$2.5 ISK 312

$2.51 ISK 314

-0.40%

Local Beer (0.5 liter draught)

$12.96 ISK 1,617

$12.88 ISK 1,607

0.62%

Imported Beer (0.33 liter bottle)

$11.05 ISK 1,379

$11.33 ISK 1,414

-2.47%

Milk (1 liter)

$1.88 ISK 234

$1.94 ISK 242

-3.09%

White Bread (500g)

$4.26 ISK 531

$4.31 ISK 538

-1.16%

Rice (white) (1kg)

$3.67 ISK 458

$3.63 ISK 453

1.10%

Eggs

$6.51 ISK 813

$6.5 ISK 811

0.15%

Local Cheese (1kg)

$17.83 ISK 2,224

$18.25 ISK 2,277

-2.30%

Chicken Fillets (1kg)

$24.1 ISK 3,006

$23.89 ISK 2,981

0.88%

Beef Round Steak (1kg)

$43.22 ISK 5,391

$42.64 ISK 5,320

1.36%

Apples (1kg)

$3.19 ISK 397

$3.22 ISK 402

-0.93%

Banana (1kg)

$2.54 ISK 317

$2.4 ISK 299

5.83%

Oranges (1kg)

$3.09 ISK 386

$3.01 ISK 376

2.66%

Tomato (1kg)

$5.03 ISK 628

$4.96 ISK 618

1.41%

Potato (1kg)

$3.59 ISK 447

$3.5 ISK 437

2.57%

Onion (1kg)

$2.4 ISK 300

$2.41 ISK 300

-0.41%

Lettuce (1 head)

$3.08 ISK 384

$3.05 ISK 381

0.98%

Water (1.5 liter bottle)

$2.01 ISK 250

$2.02 ISK 252

-0.50%

Cigarettes 20 Pack (Marlboro, Camel)

$13.9 ISK 1,734

$13.71 ISK 1,711

1.39%

Wine (Bottle)

$23.87 ISK 2,978

$24.56 ISK 3,064

-2.81%

Local Beer (0.5 liter bottle)

$3.62 ISK 452

$3.68 ISK 459

-1.63%

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

$3.37 ISK 420

-1.48%

One-way Ticket (Public Transport)

$5.27 ISK 658

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

Taxi Start (Normal Tariff)

$6.26 ISK 781

$6.29 ISK 785

-0.48%

Taxi (Normal Tariff) (1km)

$2.53 ISK 316

$2.6 ISK 325

-2.69%

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.6K

$87.4 ISK 10.9K

-2.54%

Gasoline (1 liter)

$2.57 ISK 321

$2.52 ISK 315

1.98%

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

$47.8K ISK 6M

$48.1K ISK 6M

-0.69%

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

$52.4K ISK 6.5M

$52.2K ISK 6.5M

0.35%

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

$86.5 ISK 10.8K

$88.9 ISK 11.1K

-2.70%

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

$26.91 ISK 3,357

$27.09 ISK 3,380

-0.66%

Internet (50+ Mbps, Unlimited Data)

$84.9 ISK 10.6K

$85.8 ISK 10.7K

-1.01%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

Cinema Ticket

$17.83 ISK 2,225

$17.76 ISK 2,216

0.39%

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

$318 ISK 39.7K

$319 ISK 39.8K

-0.17%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

-0.03%

Jeans (Levis 501 Or Similar)

$141 ISK 17.6K

$137 ISK 17K

3.15%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,785

$62 ISK 7,734

0.66%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$185 ISK 23.1K

-1.11%

Men's Leather Business Shoes

$267 ISK 33.3K

$264 ISK 32.9K

1.12%

1-bedroom Apartment, City Center (Monthly)

$2,179 ISK 271.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 249.6K

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,726 ISK 340.1K

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)

$4,376 ISK 546K

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 Reykjavik: October 28, 2025

Last update for Hella: October 28, 2025

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