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

😐 Solo nomad: Reykjavik is 6.4% more expensive than Keflavik without rent, and 34.8% more expensive with rent.

😐 Family of 3: Reykjavik is 10.8% more expensive than Keflavik without rent, and 22.5% more expensive with rent.

Meal at Budget Restaurant

$26.9 ISK 3,355

$24.08 ISK 3,004

11.71%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.3K

$144 ISK 18K

1.72%

Fast Food Meal (McDonalds, etc)

$22.18 ISK 2,767

$20.26 ISK 2,528

9.48%

Cappuccino

$6.08 ISK 758

$4.01 ISK 500

51.62%

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

$3.4 ISK 424

$3.14 ISK 391

8.28%

Water (0.33 liter bottle)

$2.5 ISK 312

$2.61 ISK 326

-4.21%

Local Beer (0.5 liter draught)

$12.96 ISK 1,617

$7.94 ISK 990

63.22%

Imported Beer (0.33 liter bottle)

$11.05 ISK 1,379

$8.01 ISK 1,000

37.95%

Milk (1 liter)

$1.88 ISK 234

White Bread (500g)

$4.26 ISK 531

$4.31 ISK 537

-1.16%

Rice (white) (1kg)

$3.67 ISK 458

$2.37 ISK 296

54.85%

Eggs

$6.51 ISK 813

$6.12 ISK 764

6.37%

Local Cheese (1kg)

$17.83 ISK 2,224

$18.3 ISK 2,283

-2.57%

Chicken Fillets (1kg)

$24.1 ISK 3,006

$23.39 ISK 2,917

3.04%

Beef Round Steak (1kg)

$43.22 ISK 5,391

$41.94 ISK 5,232

3.05%

Apples (1kg)

$3.19 ISK 397

$2.45 ISK 306

30.20%

Banana (1kg)

$2.54 ISK 317

$2.48 ISK 309

2.42%

Oranges (1kg)

$3.09 ISK 386

$2.44 ISK 305

26.64%

Tomato (1kg)

$5.03 ISK 628

$3.94 ISK 491

27.66%

Potato (1kg)

$3.59 ISK 447

$3.15 ISK 393

13.97%

Onion (1kg)

$2.4 ISK 300

$2.06 ISK 257

16.50%

Lettuce (1 head)

$3.08 ISK 384

$3.17 ISK 396

-2.84%

Water (1.5 liter bottle)

$2.01 ISK 250

$1.91 ISK 239

5.24%

Cigarettes 20 Pack (Marlboro, Camel)

$13.9 ISK 1,734

$13.46 ISK 1,680

3.27%

Wine (Bottle)

$23.87 ISK 2,978

$16.37 ISK 2,042

45.82%

Local Beer (0.5 liter bottle)

$3.62 ISK 452

$3.64 ISK 454

-0.55%

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

$2.77 ISK 346

19.86%

One-way Ticket (Public Transport)

$5.27 ISK 658

$3.7 ISK 461

42.43%

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

$74.4 ISK 9,282

16.14%

Taxi Start (Normal Tariff)

$6.26 ISK 781

$6.28 ISK 783

-0.32%

Taxi (Normal Tariff) (1km)

$2.53 ISK 316

$2.36 ISK 294

7.20%

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.6K

$87.6 ISK 10.9K

-2.74%

Gasoline (1 liter)

$2.57 ISK 321

$2.48 ISK 310

3.63%

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

$47.8K ISK 6M

$47.5K ISK 5.9M

0.60%

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

$52.4K ISK 6.5M

$52.5K ISK 6.6M

-0.22%

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

$86.5 ISK 10.8K

$86.6 ISK 10.8K

-0.07%

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

$26.91 ISK 3,357

$27.89 ISK 3,479

-3.51%

Internet (50+ Mbps, Unlimited Data)

$84.9 ISK 10.6K

$84.8 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

$17.83 ISK 2,225

$17.59 ISK 2,194

1.36%

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

$318 ISK 39.7K

$326 ISK 40.7K

-2.36%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

$29.7K ISK 3.7M

0.73%

Jeans (Levis 501 Or Similar)

$141 ISK 17.6K

$138 ISK 17.2K

2.26%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,785

$61.2 ISK 7,638

1.93%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$186 ISK 23.2K

-1.21%

Men's Leather Business Shoes

$267 ISK 33.3K

$184 ISK 22.9K

45.19%

1-bedroom Apartment, City Center (Monthly)

$2,179 ISK 271.8K

$1,854 ISK 231.3K

17.51%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 249.6K

$1,347 ISK 168.1K

48.49%

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

$2,480 ISK 309.4K

27.08%

3-bedroom Apartment, Outside City Center (Monthly)

$2,726 ISK 340.1K

$1,978 ISK 246.7K

37.84%

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

$3,802 ISK 474.4K

15.09%

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 Keflavik: October 28, 2025

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