Solo nomad: Estimated monthly costs are $1,537 (excluding rent), and $1,601 including rent.
Family of 3: Estimated monthly costs are $4,016 (excluding rent), and $4,085 including rent.
Meal at Budget Restaurant
$15.42 ISK 1,892
$48.70 ISK 5,976
Three-Course Dinner for Two, Mid-Range
$81.0 ISK 9,937
$243 ISK 29.8K
Fast Food Meal (McDonalds, etc)
$19.13 ISK 2,347
$27.09 ISK 3,324
Cappuccino
$3.91 ISK 480
$7.43 ISK 911
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$2.35 ISK 288
$3.94 ISK 483
Water (0.33 liter bottle)
$1.97 ISK 241
$3.78 ISK 463
Local Beer (0.5 liter draught)
$7.92 ISK 972
$14.26 ISK 1,750
Imported Beer (0.33 liter bottle)
$8.91 ISK 1,094
$14.59 ISK 1,790
Taxi Start (Normal Tariff)
$5.49 ISK 673
$7.84 ISK 962
Taxi (Normal Tariff) (1km)
$2.19 ISK 269
$3.50 ISK 430
Taxi 1hour Waiting (Normal Tariff)
$79.7 ISK 9,773
$96.6 ISK 11.8K
Gasoline (1 liter)
$2.30 ISK 283
$2.53 ISK 310
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$44.2K ISK 5.4M
$49.8K ISK 6.1M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$50.7K ISK 6.2M
$57.2K ISK 7.0M
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$61.6 ISK 7,563
$204 ISK 25.0K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$20.45 ISK 2,509
$40.91 ISK 5,019
Internet (50+ Mbps, Unlimited Data)
$61.0 ISK 7,485
$122 ISK 14.9K
Jeans (Levis 501 Or Similar)
$97.4 ISK 11.9K
$179 ISK 21.9K
Summer Dress (H&M, Zara, etc)
$40.01 ISK 4,909
$104 ISK 12.8K
Sport Shoes (Adidas, Nike)
$123 ISK 15.1K
$246 ISK 30.1K
Men's Leather Business Shoes
$144 ISK 17.7K
$336 ISK 41.2K