Cost of living
Reykjavik compared to Western Region (Iceland)
🏛️
Overview comparison
ReykjavikWestern Region (Iceland)
Consumer prices in Reykjavik are roughly 40% higher than in Western Region (Iceland).
Cost of living
| Item | Reykjavik | Western Region (Iceland) |
|---|
| Total with rent one person | 3,355 | 1,525 |
|---|
| Total with rent family | 6,198 | 3,302 |
|---|
| Without rent one person | 954 | 718 |
|---|
| Without rent one family | 3,633 | 1,986 |
|---|
| Rent & Utilities person | 1,818.18 | 512.83 |
|---|
| Rent & Utilities family | 3,091.73 | 1,089.14 |
|---|
| Food person | 710 | 718 |
|---|
| Food family | 2,224 | 1,655 |
|---|
| Transport person | 105.23 | 66.67 |
|---|
| Transport family | 246.75 | 167.91 |
|---|
| Life expectancy | 71.2 years | 84.93 years |
|---|
Eating Out
| Item | Reykjavik | Western Region (Iceland) |
|---|
| Lunch Menu | 23.12 | 17.62 |
|---|
| Dinner in a Restaurant, for 2 | 122.12 | 67.57 |
|---|
| Fast food meal, equiv. McDonald's | 23.02 | 10.01 |
|---|
| Beer in a Pub, 0.5 L or 16 fl oz | 8.92 | 2.73 |
|---|
| Cappuccino | 5.33 | 4.18 |
|---|
| Pepsi / Coke, 0.5 L or 16.9 fl oz | 3.24 | 1.46 |
|---|
Rent & Utilities
| Item | Reykjavik | Western Region (Iceland) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 2,054.8 | 566.9 |
|---|
| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,779.83 | 362.82 |
|---|
| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,155.13 | 2,122.24 |
|---|
| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,705.84 | 1,168.6 |
|---|
| Utility Bill one person, electricity, heating, water, etc. | 40.45 | 77.26 |
|---|
| Utility Bill for a Family, electricity, heating, water, etc. | 76.87 | 94.25 |
|---|
| Internet plan, 25 Mbps+ 1 month unlimited | 87.08 | 58.29 |
|---|
Transportation
| Item | Reykjavik | Western Region (Iceland) |
|---|
| Local transport ticket | 8.28 | 5.6 |
|---|
| Monthly ticket local transport | 7,614 | 3,216 |
|---|
| Taxi Ride, 8 km or 5 mi | 4,196 | 2,838 |
|---|
| Gas / Petrol, 1 L or 0.26 gal | 4.06 | 2.15 |
|---|
| Mortgage Interest Rate for 20 Years | 72.58% | 38.23% |
|---|
| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 29.81 | 22.8 |
|---|
| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 2 | 2.16 |
|---|
Groceries
| Item | Reykjavik | Western Region (Iceland) |
|---|
| Milk, 1 L or 1 qt | 1.84 | 1.95 |
|---|
| Bread, 0.5 kg or 1.1 lb | 3.74 | 2 |
|---|
| Eggs, x12 | 4.74 | 5.03 |
|---|
| Cheese, 1 kg or 2.2 lb | 17.01 | 17.45 |
|---|
| Chicken Breast, 1 kg or 2.2 lb | 22.98 | 10.24 |
|---|
| Round Steak, 1 kg or 2.2 lb | 43.49 | 11.78 |
|---|
| Banana, 1 kg or 2.2 lb | 1.9 | 2.12 |
|---|
| Water, 1 L or 1 qt | 1.41 | 1.56 |
|---|
Other
| Item | Reykjavik | Western Region (Iceland) |
|---|
| Gym Membership, 1 month | 86.67 | 77.63 |
|---|
| Cinema Ticket, 1 person | 12.83 | 11.94 |
|---|
| Doctors visit | 94.47 | 50.22 |
|---|
| Haircut, simple | 40.23 | 8 |
|---|
| Brand Jeans | 100.83 | 88.67 |
|---|
| Brand Sneakers | 130.32 | 118.17 |
|---|
| Daycare or Preschool, 1 month | 248.66 | 228.45 |
|---|
| International Primary School, 1 year | 5,435 | 6,531 |
|---|
