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