Cost of living
Reykjavik compared to Southern Peninsula
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Overview comparison
ReykjavikSouthern Peninsula
Consumer prices in Southern Peninsula are roughly 4% higher than in Reykjavik.
Cost of living
| Item | Reykjavik | Southern Peninsula |
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| Total with rent one person | 3,355 | 3,440 |
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| Total with rent family | 6,198 | 6,957 |
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| Without rent one person | 954 | 1,191 |
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| Without rent one family | 3,633 | 2,954 |
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| Rent & Utilities person | 1,818.18 | 1,737.78 |
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| Rent & Utilities family | 3,091.73 | 2,601.41 |
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| Food person | 710 | 772 |
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| Food family | 2,224 | 2,035 |
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| Transport person | 105.23 | 104.91 |
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| Transport family | 246.75 | 200.22 |
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| Life expectancy | 71.2 years | 81.21 years |
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Eating Out
| Item | Reykjavik | Southern Peninsula |
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| Lunch Menu | 23.12 | 20.44 |
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| Dinner in a Restaurant, for 2 | 122.12 | 105.68 |
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| Fast food meal, equiv. McDonald's | 23.02 | 16.98 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 8.92 | 12.53 |
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| Cappuccino | 5.33 | 5.54 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 3.24 | 3.52 |
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Rent & Utilities
| Item | Reykjavik | Southern Peninsula |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 2,054.8 | 2,134.78 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,779.83 | 1,725.77 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,155.13 | 2,549.08 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,705.84 | 2,925.09 |
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| Utility Bill one person, electricity, heating, water, etc. | 40.45 | 49.81 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 76.87 | 68 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 87.08 | 86.27 |
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Transportation
| Item | Reykjavik | Southern Peninsula |
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| Local transport ticket | 8.28 | 7.04 |
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| Monthly ticket local transport | 7,614 | 6,906 |
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| Taxi Ride, 8 km or 5 mi | 4,196 | 4,354 |
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| Gas / Petrol, 1 L or 0.26 gal | 4.06 | 4.22 |
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| Mortgage Interest Rate for 20 Years | 72.58% | 71.75% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 29.81 | 25.41 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 2 | 2.16 |
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Groceries
| Item | Reykjavik | Southern Peninsula |
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| Milk, 1 L or 1 qt | 1.84 | 1.8 |
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| Bread, 0.5 kg or 1.1 lb | 3.74 | 3.57 |
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| Eggs, x12 | 4.74 | 7 |
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| Cheese, 1 kg or 2.2 lb | 17.01 | 16.86 |
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| Chicken Breast, 1 kg or 2.2 lb | 22.98 | 19.76 |
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| Round Steak, 1 kg or 2.2 lb | 43.49 | 41 |
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| Banana, 1 kg or 2.2 lb | 1.9 | 2.22 |
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| Water, 1 L or 1 qt | 1.41 | 1.13 |
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Other
| Item | Reykjavik | Southern Peninsula |
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| Gym Membership, 1 month | 86.67 | 70.62 |
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| Cinema Ticket, 1 person | 12.83 | 16.68 |
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| Doctors visit | 94.47 | 89.55 |
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| Haircut, simple | 40.23 | 57.46 |
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| Brand Jeans | 100.83 | 108.05 |
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| Brand Sneakers | 130.32 | 164.51 |
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| Daycare or Preschool, 1 month | 248.66 | 215.07 |
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| International Primary School, 1 year | 5,435 | 7,314 |
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