Cost of living
Capital Region (Iceland) compared to Reykjavik
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Overview comparison
Capital Region (Iceland)Reykjavik
Consumer prices in Reykjavik are roughly 89% higher than in Capital Region (Iceland).
Cost of living
| Item | Capital Region (Iceland) | Reykjavik |
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| Total with rent one person | 255 | 3,355 |
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| Total with rent family | 815 | 6,198 |
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| Without rent one person | 266 | 954 |
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| Without rent one family | 548 | 3,633 |
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| Rent & Utilities person | 92.1 | 1,818.18 |
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| Rent & Utilities family | 217.18 | 3,091.73 |
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| Food person | 147 | 710 |
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| Food family | 318 | 2,224 |
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| Transport person | 47.71 | 105.23 |
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| Transport family | 107.6 | 246.75 |
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| Life expectancy | 68.62 years | 71.2 years |
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Eating Out
| Item | Capital Region (Iceland) | Reykjavik |
|---|
| Lunch Menu | 0.98 | 23.12 |
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| Dinner in a Restaurant, for 2 | 10.25 | 122.12 |
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| Fast food meal, equiv. McDonald's | 4.35 | 23.02 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 4.83 | 8.92 |
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| Cappuccino | 1.73 | 5.33 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.29 | 3.24 |
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Rent & Utilities
| Item | Capital Region (Iceland) | Reykjavik |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 86.49 | 2,054.8 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 55.5 | 1,779.83 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 269.82 | 2,155.13 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 180 | 2,705.84 |
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| Utility Bill one person, electricity, heating, water, etc. | 11.64 | 40.45 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 20.33 | 76.87 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 14.59 | 87.08 |
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Transportation
| Item | Capital Region (Iceland) | Reykjavik |
|---|
| Local transport ticket | 12.68 | 8.28 |
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| Monthly ticket local transport | 835 | 7,614 |
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| Taxi Ride, 8 km or 5 mi | 349 | 4,196 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.19 | 4.06 |
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| Mortgage Interest Rate for 20 Years | 8.04% | 72.58% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 4.04 | 29.81 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.97 | 2 |
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Groceries
| Item | Capital Region (Iceland) | Reykjavik |
|---|
| Milk, 1 L or 1 qt | 0.71 | 1.84 |
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| Bread, 0.5 kg or 1.1 lb | 0.56 | 3.74 |
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| Eggs, x12 | 1.25 | 4.74 |
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| Cheese, 1 kg or 2.2 lb | 8.21 | 17.01 |
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| Chicken Breast, 1 kg or 2.2 lb | 2.1 | 22.98 |
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| Round Steak, 1 kg or 2.2 lb | 6.25 | 43.49 |
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| Banana, 1 kg or 2.2 lb | 0.93 | 1.9 |
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| Water, 1 L or 1 qt | 0.2 | 1.41 |
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Other
| Item | Capital Region (Iceland) | Reykjavik |
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| Gym Membership, 1 month | 12.32 | 86.67 |
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| Cinema Ticket, 1 person | 3.35 | 12.83 |
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| Doctors visit | 6.94 | 94.47 |
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| Haircut, simple | 1.96 | 40.23 |
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| Brand Jeans | 17.01 | 100.83 |
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| Brand Sneakers | 36.21 | 130.32 |
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| Daycare or Preschool, 1 month | 51.58 | 248.66 |
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| International Primary School, 1 year | 779 | 5,435 |
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