Cost of living
Capital Region (Iceland) compared to Southern Peninsula
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Overview comparison
Capital Region (Iceland)Southern Peninsula
Consumer prices in Southern Peninsula are roughly 89% higher than in Capital Region (Iceland).
Cost of living
| Item | Capital Region (Iceland) | Southern Peninsula |
|---|
| Total with rent one person | 255 | 3,440 |
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| Total with rent family | 815 | 6,957 |
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| Without rent one person | 266 | 1,191 |
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| Without rent one family | 548 | 2,954 |
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| Rent & Utilities person | 92.1 | 1,737.78 |
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| Rent & Utilities family | 217.18 | 2,601.41 |
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| Food person | 147 | 772 |
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| Food family | 318 | 2,035 |
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| Transport person | 47.71 | 104.91 |
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| Transport family | 107.6 | 200.22 |
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| Life expectancy | 68.62 years | 81.21 years |
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Eating Out
| Item | Capital Region (Iceland) | Southern Peninsula |
|---|
| Lunch Menu | 0.98 | 20.44 |
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| Dinner in a Restaurant, for 2 | 10.25 | 105.68 |
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| Fast food meal, equiv. McDonald's | 4.35 | 16.98 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 4.83 | 12.53 |
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| Cappuccino | 1.73 | 5.54 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.29 | 3.52 |
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Rent & Utilities
| Item | Capital Region (Iceland) | Southern Peninsula |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 86.49 | 2,134.78 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 55.5 | 1,725.77 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 269.82 | 2,549.08 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 180 | 2,925.09 |
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| Utility Bill one person, electricity, heating, water, etc. | 11.64 | 49.81 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 20.33 | 68 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 14.59 | 86.27 |
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Transportation
| Item | Capital Region (Iceland) | Southern Peninsula |
|---|
| Local transport ticket | 12.68 | 7.04 |
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| Monthly ticket local transport | 835 | 6,906 |
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| Taxi Ride, 8 km or 5 mi | 349 | 4,354 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.19 | 4.22 |
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| Mortgage Interest Rate for 20 Years | 8.04% | 71.75% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 4.04 | 25.41 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.97 | 2.16 |
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Groceries
| Item | Capital Region (Iceland) | Southern Peninsula |
|---|
| Milk, 1 L or 1 qt | 0.71 | 1.8 |
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| Bread, 0.5 kg or 1.1 lb | 0.56 | 3.57 |
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| Eggs, x12 | 1.25 | 7 |
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| Cheese, 1 kg or 2.2 lb | 8.21 | 16.86 |
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| Chicken Breast, 1 kg or 2.2 lb | 2.1 | 19.76 |
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| Round Steak, 1 kg or 2.2 lb | 6.25 | 41 |
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| Banana, 1 kg or 2.2 lb | 0.93 | 2.22 |
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| Water, 1 L or 1 qt | 0.2 | 1.13 |
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Other
| Item | Capital Region (Iceland) | Southern Peninsula |
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| Gym Membership, 1 month | 12.32 | 70.62 |
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| Cinema Ticket, 1 person | 3.35 | 16.68 |
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| Doctors visit | 6.94 | 89.55 |
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| Haircut, simple | 1.96 | 57.46 |
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| Brand Jeans | 17.01 | 108.05 |
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| Brand Sneakers | 36.21 | 164.51 |
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| Daycare or Preschool, 1 month | 51.58 | 215.07 |
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| International Primary School, 1 year | 779 | 7,314 |
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