Solo nomad: Estimated monthly costs are $1,402 (excluding rent), and $1,639 including rent.
Family of 3: Estimated monthly costs are $4,063 (excluding rent), and $4,065 including rent.
Meal at Budget Restaurant
$15.30 ISK 1,878
$48.33 ISK 5,929
Three-Course Dinner for Two, Mid-Range
$81.7 ISK 10.0K
$245 ISK 30.1K
Fast Food Meal (McDonalds, etc)
$19.00 ISK 2,331
$26.91 ISK 3,301
Cappuccino
$3.91 ISK 479
$7.41 ISK 910
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$2.38 ISK 292
$3.99 ISK 489
Water (0.33 liter bottle)
$2.07 ISK 254
$3.97 ISK 488
Local Beer (0.5 liter draught)
$7.91 ISK 971
$14.24 ISK 1,747
Imported Beer (0.33 liter bottle)
$8.95 ISK 1,098
$14.65 ISK 1,797
Taxi Start (Normal Tariff)
$5.51 ISK 676
$7.87 ISK 965
Taxi (Normal Tariff) (1km)
$2.17 ISK 266
$3.46 ISK 424
Taxi 1hour Waiting (Normal Tariff)
$78.9 ISK 9,679
$95.6 ISK 11.7K
Gasoline (1 liter)
$2.29 ISK 281
$2.51 ISK 308
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$43.6K ISK 5.3M
$49.0K ISK 6.0M
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)
$61.0 ISK 7,487
$202 ISK 24.8K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$20.20 ISK 2,478
$40.39 ISK 4,956
Internet (50+ Mbps, Unlimited Data)
$60.9 ISK 7,474
$122 ISK 14.9K
Jeans (Levis 501 Or Similar)
$95.5 ISK 11.7K
$175 ISK 21.5K
Summer Dress (H&M, Zara, etc)
$40.22 ISK 4,934
$105 ISK 12.8K
Sport Shoes (Adidas, Nike)
$118 ISK 14.5K
$237 ISK 29.0K
Men's Leather Business Shoes
$143 ISK 17.5K
$333 ISK 40.8K