Cost of Living in Reykjavík
Country: Iceland · Currency: ISK
Overall
78.7
Rent
53.5
Groceries
87.7
Dining out
86.4
Index base: New York = 100
Monthly rent
| 1-bedroom apartment, city centre (monthly) | $2,354 | 44 data points |
| 1-bedroom apartment, outside centre (monthly) | $1,374 | 24 data points |
| 3-bedroom apartment, city centre (monthly) | $4,672 | 40 data points |
| 3-bedroom apartment, outside centre (monthly) | $2,558 | 27 data points |
Average prices in Reykjavík
Rent
| 1-bedroom apartment, city centre (monthly) | $2,354 | 44 data points |
| 1-bedroom apartment, outside centre (monthly) | $1,374 | 24 data points |
| 3-bedroom apartment, city centre (monthly) | $4,672 | 40 data points |
| 3-bedroom apartment, outside centre (monthly) | $2,558 | 27 data points |
Groceries
| Milk (1L) | $1.28 | 21 data points |
| White bread (500g) | $4.21 | 58 data points |
| Rice (1kg) | $4.67 | 5 data points |
| Eggs (12) | $4.47 | 25 data points |
| Local cheese (1kg) | $12.4 | 51 data points |
| Chicken fillets (1kg) | $12.5 | 45 data points |
| Beef round (1kg) | $19.2 | 40 data points |
| Apples (1kg) | $5.98 | 13 data points |
| Bananas (1kg) | $1.9 | 43 data points |
| Oranges (1kg) | $4.91 | 15 data points |
| Tomatoes (1kg) | $5.77 | 23 data points |
| Potatoes (1kg) | $2.73 | 49 data points |
| Onions (1kg) | $2.89 | 32 data points |
| Lettuce (1 head) | $2.38 | 21 data points |
| Water (1.5L bottle) | $2.17 | 56 data points |
| Bottle of wine (mid-range) | $16 | 37 data points |
Transport
| Public transport, one-way ticket | $2.38 | 58 data points |
| Public transport, monthly pass | $108 | 40 data points |
| Taxi, base fare | $4.14 | 20 data points |
| Taxi, per km | $1.76 | 59 data points |
| Gasoline (1L) | $1.01 | 18 data points |
| New compact car (e.g., VW Golf) | $28,416 | 18 data points |
Dining out
| Meal, inexpensive restaurant | $23 | 28 data points |
| Meal for 2, mid-range restaurant (3 courses) | $106 | 5 data points |
| Fast food combo meal | $12.5 | 47 data points |
| Cappuccino | $4.86 | 55 data points |
| Coke/Pepsi (0.33L, restaurant) | $2.58 | 49 data points |
| Domestic beer (0.5L, restaurant) | $7.04 | 6 data points |
| Imported beer (0.33L, restaurant) | $8.5 | 28 data points |
| Water (0.33L, restaurant) | $1.79 | 57 data points |
Telecom
| Mobile plan, calls + 10GB+ data (monthly) | $61.5 | 49 data points |
| Broadband internet 60Mbps+ (monthly) | $57.2 | 27 data points |
| Prepaid mobile tariff (1 min) | $0.36 | 45 data points |
| Video streaming subscription (monthly) | $16.1 | 50 data points |
Utilities & household
| Basic utilities, 85m² apartment (monthly) | $171 | 16 data points |
| Electricity (1 kWh) | $0.2 | 48 data points |
| Tap water (1m³) | $4.58 | 38 data points |
| Natural gas (1m³) | $1.33 | 32 data points |
| Waste collection (monthly) | $20 | 41 data points |
| Fitness club (monthly) | $88.8 | 24 data points |
| Cinema ticket (1 seat) | $15.2 | 41 data points |
| Men's haircut | $28.6 | 18 data points |
| Domestic cleaning (1 hour) | $25.2 | 24 data points |
| Private kindergarten (monthly) | $2,271 | 27 data points |
Price data as of 2026-07-01 · Exchange rates as of 2026-07-15