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Cost of Living in Keflavik - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $1,580 (excluding rent), and $2,835 including rent.
Family of 3: Estimated monthly costs are $4,203 (excluding rent), and $5,827 including rent.
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๐Ÿฝ Eating Out
Cost
Range
Meal at Budget Restaurant
$23.80 ISKย 2,998
$15.07 ISKย 1,899
$47.59 ISKย 5,995
Three-Course Dinner for Two, Mid-Range
$143 ISKย 18.0K
$79.6 ISKย 10.0K
$239 ISKย 30.1K
Fast Food Meal (McDonalds, etc)
$20.37 ISKย 2,565
$19.55 ISKย 2,463
$27.69 ISKย 3,489
Cappuccino
$4.11 ISKย 518
$4.11 ISKย 518
$7.80 ISKย 983
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$3.26 ISKย 411
$2.44 ISKย 307
$4.09 ISKย 515
Water (0.33 liter bottle)
$2.55 ISKย 321
$2.00 ISKย 251
$3.83 ISKย 483
Local Beer (0.5 liter draught)
$7.82 ISKย 986
$7.82 ISKย 986
$14.08 ISKย 1,774
Imported Beer (0.33 liter bottle)
$8.01 ISKย 1,010
$8.01 ISKย 1,010
$14.42 ISKย 1,817
๐Ÿ›’ Groceries & Markets
Cost
Range
Milk (1 liter)
$1.97 ISKย 248
$1.69 ISKย 213
$3.10 ISKย 390
White Bread (500g)
$4.35 ISKย 548
$2.67 ISKย 336
$8.19 ISKย 1,032
Rice (white) (1kg)
$2.39 ISKย 301
$2.36 ISKย 297
$6.22 ISKย 783
Eggs
$6.34 ISKย 799
$4.88 ISKย 615
$8.79 ISKย 1,108
Local Cheese (1kg)
$17.88 ISKย 2,253
$11.09 ISKย 1,397
$23.77 ISKย 2,994
Chicken Fillets (1kg)
$24.13 ISKย 3,040
$12.26 ISKย 1,545
$30.27 ISKย 3,813
Beef Round Steak (1kg)
$41.80 ISKย 5,266
$23.73 ISKย 2,989
$55.5 ISKย 6,986
Apples (1kg)
$2.46 ISKย 310
$2.21 ISKย 278
$4.93 ISKย 621
Banana (1kg)
$2.39 ISKย 301
$2.19 ISKย 276
$4.38 ISKย 552
Oranges (1kg)
$2.48 ISKย 312
$2.48 ISKย 312
$4.96 ISKย 624
Tomato (1kg)
$3.94 ISKย 497
$3.55 ISKย 447
$7.09 ISKย 893
Potato (1kg)
$3.07 ISKย 386
$2.36 ISKย 297
$4.41 ISKย 555
Onion (1kg)
$2.12 ISKย 267
$1.44 ISKย 182
$4.52 ISKย 570
Lettuce (1 head)
$3.19 ISKย 401
$1.85 ISKย 234
$5.31 ISKย 669
Water (1.5 liter bottle)
$1.95 ISKย 245
$0.99 ISKย 125
$3.58 ISKย 451
Cigarettes 20 Pack (Marlboro, Camel)
$13.57 ISKย 1,709
$11.97 ISKย 1,508
$15.09 ISKย 1,901
Wine (Bottle)
$15.59 ISKย 1,964
$14.42 ISKย 1,816
$38.97 ISKย 4,910
Local Beer (0.5 liter bottle)
$3.55 ISKย 448
$3.13 ISKย 394
$5.03 ISKย 634
Imported Beer (0.33 liter bottle)
$2.85 ISKย 359
$2.12 ISKย 267
$4.89 ISKย 616
๐ŸšŒ Getting Around
Cost
Range
One-way Ticket (Public Transport)
$3.52 ISKย 443
-
Public Transport Monthly Pass (Regular Price)
$75.1 ISKย 9,462
-
Taxi Start (Normal Tariff)
$6.28 ISKย 791
$5.57 ISKย 701
$7.95 ISKย 1,001
Taxi (Normal Tariff) (1km)
$2.29 ISKย 288
$2.12 ISKย 267
$3.38 ISKย 426
Taxi 1hour Waiting (Normal Tariff)
$86.9 ISKย 10.9K
$80.3 ISKย 10.1K
$97.4 ISKย 12.3K
Gasoline (1 liter)
$2.45 ISKย 309
$2.30 ISKย 290
$3.31 ISKย 417
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$46.8K ISKย 5.9M
$43.7K ISKย 5.5M
$49.1K ISKย 6.2M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$52.5K ISKย 6.6M
$50.1K ISKย 6.3M
$56.6K ISKย 7.1M
๐Ÿงพ Monthly Utilities & Internet
Cost
Range
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$87.4 ISKย 11.0K
$60.4 ISKย 7,608
$200 ISKย 25.1K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$27.11 ISKย 3,415
$19.86 ISKย 2,501
$39.71 ISKย 5,003
Internet (50+ Mbps, Unlimited Data)
$86.0 ISKย 10.8K
$60.8 ISKย 7,658
$121 ISKย 15.3K
๐ŸŽ‰ Sport & Entertainment
Cost
Range
Cinema Ticket
$17.32 ISKย 2,181
$14.24 ISKย 1,793
$19.77 ISKย 2,490
๐Ÿงธ Childcare & Education
Cost
Range
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$326 ISKย 41.1K
$272 ISKย 34.3K
$408 ISKย 51.4K
International Primary School, 1 Child (Yearly)
$30.4K ISKย 3.8M
$30.4K ISKย 3.8M
$30.4K ISKย 3.8M
๐Ÿ‘•๐Ÿ‘Ÿ Clothing & Footwear
Cost
Range
Jeans (Levis 501 Or Similar)
$141 ISKย 17.8K
$98.1 ISKย 12.4K
$368 ISKย 46.3K
Summer Dress (H&M, Zara, etc)
$62.6 ISKย 7,882
$40.81 ISKย 5,140
$106 ISKย 13.4K
Sport Shoes (Adidas, Nike)
$185 ISKย 23.3K
$122 ISKย 15.4K
$244 ISKย 30.8K
Men's Leather Business Shoes
$188 ISKย 23.7K
$145 ISKย 18.3K
$339 ISKย 42.7K
๐Ÿ  Accommodation & Living
Cost
Range
1-bedroom Apartment, City Center (Monthly)
$1,870 ISKย 235.6K
$1,870 ISKย 235.6K
$1,870 ISKย 235.6K
1-bedroom Apartment, Outside City Center (Monthly)
$1,302 ISKย 164.1K
$1,026 ISKย 129.3K
$1,579 ISKย 198.9K
3-bedroom Apartment, City Center (Monthly)
$2,438 ISKย 307.1K
$2,078 ISKย 261.8K
$2,797 ISKย 352.4K
3-bedroom Apartment, Outside City Center (Monthly)
$2,042 ISKย 257.2K
$1,470 ISKย 185.2K
$2,614 ISKย 329.3K
๐Ÿ’ต Salaries & Financials
Cost
Range
Average Monthly Net Salary (After Tax)
$3,649 ISKย 459.7K
-
20-Year Fixed Mortgage Interest Rate (Annual %)
9.63
5
11

CityCost data is based on AI and user input โ€“ minor inaccuracies may occur.

Last update: January 11, 2026

Keflavik Median Internet Speeds (Updated December 2025)

Mobile

Download
92
Mbps
Upload
19
Mbps
Latency
58
ms

Fixed Broadband

Download
316
Mbps
Upload
253
Mbps
Latency
4
ms
The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.
Digital Nomad Cost of Living Index
City tags:
Cost of Living in Keflavik - Frequently Asked Questions
How does Keflavik stack up in terms of overall affordability for travelers, expats, and digital nomads?
Compared to Reykjavik and other European capitals, Keflavik offers calmer expenses, but Icelandโ€™s price level remains high. The Cost of Living in Keflavik, Iceland is shaped by import costs, a small housing market, and seasonal demand. You can get practical dining options and grocery runs without overspending if you plan meals around local staples and occasional specials. Long-term housing is usually cheaper than city-center flats, but heat, electricity and internet add up in the winter. Seasonal shifts matter: summer brings longer days and more services, while winter can reduce open hours and complicate travel. Public transport is workable but limited, so many use a car or coordinated shuttle. Tip: Start by scouting neighborhoods near the harbor or town center and compare monthly leases to avoid peak-season hikes.
What does daily life look like in Keflavik for housing, food, transport, and errands?
Daily life in Keflavik blends manageable-town charm with easy access to nature and air links. Housing options range from compact apartments to family homes; expect flexible lease terms but be mindful of heating needs in winter. Food and groceries cover two main supermarkets plus weekly markets by season, with Icelandic produce feeling pricey but good value when in season. Getting around leans on a reliable regional bus, bike routes along the coast, and occasional car use for weekend trips to neighboring towns. Errands like pharmacies and clinics are within walking distance in town. Keflavik, Iceland living cost comes from utilities, rent, and occasional ferry or flight connections to Reykjavik. Tip: Build a simple monthly plan aligning groceries, transport, and leisure.
What quality of life and budgeting framework help you maximize your time in Keflavik and find a neighborhood that fits?
Quality of life in Keflavik leans on balance and seasonality. For budgeting, use a simple framework: fixed essentials (rent, utilities, internet) plus flexible categories (food, transport, activities). In neighborhoods, pick close-to-coast or near the old harbor for walks, with easy access to nature trails and the marina. Consider a shared workspace if youโ€™re remote; offline activities like weekend hikes or day trips are popular. Seasonality shapes routines: long summer days invite outdoor living and cheaper flights from the airport, while darker winters reward planning and cozy, energy-efficient living. Tip: Prioritize a long-term lease and set a monthly cap on discretionary spend.
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