Solo nomad: Estimated monthly costs are $1,405 (excluding rent), and $1,624 including rent.
Family of 3: Estimated monthly costs are $4,173 (excluding rent), and $3,984 including rent.
Meal at Budget Restaurant
$15.41 ISK 1,928
$48.65 ISK 6,087
Three-Course Dinner for Two, Mid-Range
$81.0 ISK 10.1K
$243 ISK 30.4K
Fast Food Meal (McDonalds, etc)
$19.24 ISK 2,408
$27.25 ISK 3,410
Cappuccino
$3.96 ISK 495
$7.51 ISK 940
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$2.36 ISK 296
$3.96 ISK 495
Water (0.33 liter bottle)
$2.00 ISK 250
$3.83 ISK 480
Local Beer (0.5 liter draught)
$7.97 ISK 998
$14.35 ISK 1,796
Imported Beer (0.33 liter bottle)
$8.93 ISK 1,118
$14.62 ISK 1,830
Taxi Start (Normal Tariff)
$5.65 ISK 707
$8.07 ISK 1,010
Taxi (Normal Tariff) (1km)
$2.20 ISK 276
$3.51 ISK 440
Taxi 1hour Waiting (Normal Tariff)
$78.1 ISK 9,770
$94.7 ISK 11.8K
Gasoline (1 liter)
$2.38 ISK 297
$2.61 ISK 326
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$43.4K ISK 5.4M
$48.9K ISK 6.1M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$49.1K ISK 6.1M
$55.5K ISK 6.9M
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$59.6 ISK 7,463
$197 ISK 24.7K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$20.18 ISK 2,526
$40.37 ISK 5,051
Internet (50+ Mbps, Unlimited Data)
$59.3 ISK 7,425
$119 ISK 14.8K
Jeans (Levis 501 Or Similar)
$96.8 ISK 12.1K
$177 ISK 22.2K
Summer Dress (H&M, Zara, etc)
$39.81 ISK 4,981
$104 ISK 13.0K
Sport Shoes (Adidas, Nike)
$118 ISK 14.8K
$237 ISK 29.6K
Men's Leather Business Shoes
$145 ISK 18.2K
$339 ISK 42.4K