Solo nomad: Estimated monthly costs are $1,357 (excluding rent), and $1,602 including rent.
Family of 3: Estimated monthly costs are $4,217 (excluding rent), and $4,088 including rent.
Meal at Budget Restaurant
$15.15 ISK 1,852
$47.83 ISK 5,847
Three-Course Dinner for Two, Mid-Range
$80.9 ISK 9,890
$243 ISK 29.7K
Fast Food Meal (McDonalds, etc)
$19.47 ISK 2,380
$27.58 ISK 3,371
Cappuccino
$3.94 ISK 481
$7.48 ISK 914
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$2.35 ISK 288
$3.94 ISK 482
Water (0.33 liter bottle)
$2.03 ISK 249
$3.90 ISK 477
Local Beer (0.5 liter draught)
$8.19 ISK 1,002
$14.75 ISK 1,803
Imported Beer (0.33 liter bottle)
$8.79 ISK 1,075
$14.39 ISK 1,759
Taxi Start (Normal Tariff)
$5.56 ISK 679
$7.94 ISK 970
Taxi (Normal Tariff) (1km)
$2.17 ISK 265
$3.46 ISK 423
Taxi 1hour Waiting (Normal Tariff)
$80.7 ISK 9,869
$97.9 ISK 12.0K
Gasoline (1 liter)
$2.37 ISK 289
$2.60 ISK 318
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$44.5K ISK 5.4M
$50.1K ISK 6.1M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$49.8K ISK 6.1M
$56.2K ISK 6.9M
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$61.1 ISK 7,468
$202 ISK 24.7K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$19.82 ISK 2,423
$39.64 ISK 4,846
Internet (50+ Mbps, Unlimited Data)
$59.2 ISK 7,235
$118 ISK 14.5K
Jeans (Levis 501 Or Similar)
$97.1 ISK 11.9K
$178 ISK 21.8K
Summer Dress (H&M, Zara, etc)
$40.85 ISK 4,994
$106 ISK 13.0K
Sport Shoes (Adidas, Nike)
$119 ISK 14.6K
$238 ISK 29.1K
Men's Leather Business Shoes
$145 ISK 17.8K
$339 ISK 41.4K