122.42
New York, NY
🇺🇸 United States
Cost of Living in Iceland - Updated Prices & Insights
122.51
Solo nomad: Estimated monthly costs are $1,655 (excluding rent), and $3,846 including rent.
Family of 3: Estimated monthly costs are $4,259 (excluding rent), and $7,156 including rent.
🍽 Eating Out
Cost
Range
Meal at Budget Restaurant
$26.02 kr 3,246
$14.98 kr 1,869
$47.31 kr 5,902
Three-Course Dinner for Two, Mid-Range
$131 kr 16.3K
$89.9 kr 11.2K
$245 kr 30.6K
Fast Food Meal (McDonalds, etc)
$19.95 kr 2,488
$18.35 kr 2,289
$26.33 kr 3,285
Cappuccino
$5.94 kr 741
$3.69 kr 461
$7.6 kr 948
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$3.23 kr 403
$2.37 kr 296
$3.97 kr 496
Water (0.33 liter bottle)
$2.57 kr 320
$1.96 kr 245
$3.85 kr 480
Local Beer (0.5 liter draught)
$12.09 kr 1,508
$8.06 kr 1,006
$14.51 kr 1,811
Imported Beer (0.33 liter bottle)
$10.42 kr 1,300
$8.02 kr 1,000
$14.43 kr 1,800
🛒 Groceries & Markets
Cost
Range
Milk (1 liter)
$1.87 kr 233
$1.61 kr 201
$2.76 kr 344
White Bread (500g)
$4.02 kr 502
$2.16 kr 270
$7.87 kr 981
Rice (white) (1kg)
$3.51 kr 438
$2.31 kr 288
$6.25 kr 780
Eggs
$6.62 kr 825
$4.96 kr 619
$8.93 kr 1,114
Local Cheese (1kg)
$18.72 kr 2,335
$11.41 kr 1,424
$24.46 kr 3,051
Chicken Fillets (1kg)
$24.28 kr 3,029
$12.03 kr 1,500
$29.68 kr 3,703
Beef Round Steak (1kg)
$43.39 kr 5,413
$24.26 kr 3,027
$57.1 kr 7,116
Apples (1kg)
$3.17 kr 395
$2.2 kr 274
$4.91 kr 612
Banana (1kg)
$2.44 kr 304
$2.19 kr 273
$4.38 kr 546
Oranges (1kg)
$2.92 kr 364
$2.22 kr 277
$4.85 kr 605
Tomato (1kg)
$4.95 kr 618
$3.44 kr 429
$7.19 kr 897
Potato (1kg)
$3.5 kr 436
$2.15 kr 269
$4.38 kr 547
Onion (1kg)
$2.17 kr 270
$1.55 kr 193
$4.06 kr 507
Lettuce (1 head)
$3.05 kr 381
$1.76 kr 220
$4.69 kr 585
Water (1.5 liter bottle)
$2.26 kr 282
$1.37 kr 171
$3.65 kr 455
Cigarettes 20 Pack (Marlboro, Camel)
$14.37 kr 1,793
$12.18 kr 1,519
$15.35 kr 1,915
Wine (Bottle)
$24.16 kr 3,015
$16.38 kr 2,043
$36.85 kr 4,597
Local Beer (0.5 liter bottle)
$3.58 kr 447
$3.06 kr 381
$4.69 kr 585
Imported Beer (0.33 liter bottle)
$3.22 kr 402
$2.07 kr 258
$4.22 kr 526
🚌 Getting Around
Cost
Range
One-way Ticket (Public Transport)
$5.28 kr 658
$4.55 kr 567
$5.36 kr 668
Public Transport Monthly Pass (Regular Price)
$84.4 kr 10.5K
$75.1 kr 9,374
$88.9 kr 11.1K
Taxi Start (Normal Tariff)
$6.41 kr 800
$5.93 kr 740
$8.12 kr 1,013
Taxi (Normal Tariff) (1km)
$2.28 kr 284
$2.11 kr 264
$3.37 kr 421
Taxi 1hour Waiting (Normal Tariff)
$85.1 kr 10.6K
$78.7 kr 9,815
$95.4 kr 11.9K
Gasoline (1 liter)
$2.44 kr 304
$2.3 kr 287
$2.51 kr 314
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$46.6K kr 5.8M
$43.5K kr 5.4M
$48.9K kr 6.1M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$53K kr 6.6M
$49.3K kr 6.1M
$55.7K kr 6.9M
🧾 Monthly Utilities & Internet
Cost
Range
Utilities (Heating, Electricity, Gas, Water, Garbage) for 2 People in 2-bedroom Apartment (Monthly) (85m2)
$91.1 kr 11.4K
$64.9 kr 8,095
$195 kr 24.4K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$27.96 kr 3,488
$20.37 kr 2,541
$40.75 kr 5,083
Internet (50+ Mbps, Unlimited Data)
$85.9 kr 10.7K
$59.8 kr 7,460
$127 kr 15.9K
🎉 Sport & Entertainment
Cost
Range
Gym Membership (Monthly)
$81.5 kr 10.2K
$63 kr 7,853
$120 kr 14.9K
Tennis Court (1 Hour on Weekend)
$36.83 kr 4,594
$16.58 kr 2,068
$59.2 kr 7,383
Cinema Ticket
$17.64 kr 2,200
$14.5 kr 1,809
$19.33 kr 2,411
🧸 Childcare & Education
Cost
Range
Preschool (or Kindergarten), Full Day, Private, 1 Child (Monthly)
$356 kr 44.4K
$286 kr 35.6K
$478 kr 59.7K
International Primary School, 1 Child (Yearly)
$30.3K kr 3.8M
$30.3K kr 3.8M
$30.3K kr 3.8M
👕👟 Clothing & Footwear
Cost
Range
Jeans (Levis 501 Or Similar)
$137 kr 17.1K
$79.8 kr 9,951
$183 kr 22.9K
Summer Dress (H&M, Zara, etc)
$63.8 kr 7,956
$40.29 kr 5,026
$105 kr 13.1K
Sport Shoes (Adidas, Nike)
$172 kr 21.5K
$119 kr 14.9K
$238 kr 29.7K
Men's Leather Business Shoes
$256 kr 32K
$146 kr 18.2K
$324 kr 40.5K
🏠 Accommodation & Living
Cost
Range
1-bedroom Apartment, City Center (Monthly)
$2,185 kr 272.5K
$1,748 kr 218K
$2,701 kr 337K
1-bedroom Apartment, Outside City Center (Monthly)
$1,980 kr 247K
$1,595 kr 199K
$2,392 kr 298.4K
3-bedroom Apartment, City Center (Monthly)
$3,197 kr 398.9K
$2,840 kr 354.3K
$4,058 kr 506.2K
3-bedroom Apartment, Outside City Center (Monthly)
$2,757 kr 343.9K
$2,446 kr 305.2K
$3,262 kr 406.9K
Buy Apartment in City Center (m2)
$7,461 kr 930.7K
$6,813 kr 850K
$8,828 kr 1.1M
Buy Apartment Outside City Center (m2)
$6,250 kr 779.7K
$5,549 kr 692.3K
$7,135 kr 890.1K
💵 Salaries & Financials
Cost
Range
Average Monthly Net Salary (After Tax)
$4,412 kr 550.4K
-
20-Year Fixed Mortgage Interest Rate (Annual %)
9.88
5
11
Citycost data is based on AI and user input — minor inaccuracies may occur.
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