Solo nomad: Estimated monthly costs are $1,395 (excluding rent), and $1,625 including rent.
Family of 3: Estimated monthly costs are $3,512 (excluding rent), and $4,004 including rent.
Meal at Budget Restaurant
$15.34 ISK 1,875
$48.43 ISK 5,920
Three-Course Dinner for Two, Mid-Range
$80.7 ISK 9,861
$242 ISK 29.6K
Fast Food Meal (McDonalds, etc)
$19.07 ISK 2,332
$27.01 ISK 3,302
Cappuccino
$4.10 ISK 502
$7.79 ISK 952
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$2.39 ISK 292
$4.00 ISK 489
Water (0.33 liter bottle)
$1.98 ISK 243
$3.81 ISK 466
Local Beer (0.5 liter draught)
$8.07 ISK 986
$14.52 ISK 1,775
Imported Beer (0.33 liter bottle)
$8.79 ISK 1,075
$14.39 ISK 1,759
Taxi Start (Normal Tariff)
$5.47 ISK 669
$7.82 ISK 956
Taxi (Normal Tariff) (1km)
$2.19 ISK 268
$3.50 ISK 428
Taxi 1hour Waiting (Normal Tariff)
$81.1 ISK 9,911
$98.3 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)
$44.4K ISK 5.4M
$50.0K ISK 6.1M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$49.7K ISK 6.1M
$56.1K ISK 6.9M
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$60.9 ISK 7,442
$201 ISK 24.6K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$20.26 ISK 2,477
$40.52 ISK 4,953
Internet (50+ Mbps, Unlimited Data)
$60.8 ISK 7,432
$121 ISK 14.8K
Jeans (Levis 501 Or Similar)
$97.0 ISK 11.9K
$178 ISK 21.7K
Summer Dress (H&M, Zara, etc)
$39.70 ISK 4,853
$103 ISK 12.6K
Sport Shoes (Adidas, Nike)
$120 ISK 14.6K
$239 ISK 29.2K
Men's Leather Business Shoes
$142 ISK 17.4K
$332 ISK 40.6K