Cost of living
Southern Peninsula compared to Western Region (Iceland)
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Overview comparison
Southern PeninsulaWestern Region (Iceland)
Consumer prices in Southern Peninsula are roughly 42% higher than in Western Region (Iceland).
Cost of living
| Item | Southern Peninsula | Western Region (Iceland) |
|---|
| Total with rent one person | 3,440 | 1,525 |
|---|
| Total with rent family | 6,957 | 3,302 |
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| Without rent one person | 1,191 | 718 |
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| Without rent one family | 2,954 | 1,986 |
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| Rent & Utilities person | 1,737.78 | 512.83 |
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| Rent & Utilities family | 2,601.41 | 1,089.14 |
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| Food person | 772 | 718 |
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| Food family | 2,035 | 1,655 |
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| Transport person | 104.91 | 66.67 |
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| Transport family | 200.22 | 167.91 |
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| Life expectancy | 81.21 years | 84.93 years |
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Eating Out
| Item | Southern Peninsula | Western Region (Iceland) |
|---|
| Lunch Menu | 20.44 | 17.62 |
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| Dinner in a Restaurant, for 2 | 105.68 | 67.57 |
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| Fast food meal, equiv. McDonald's | 16.98 | 10.01 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 12.53 | 2.73 |
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| Cappuccino | 5.54 | 4.18 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 3.52 | 1.46 |
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Rent & Utilities
| Item | Southern Peninsula | Western Region (Iceland) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 2,134.78 | 566.9 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,725.77 | 362.82 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,549.08 | 2,122.24 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,925.09 | 1,168.6 |
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| Utility Bill one person, electricity, heating, water, etc. | 49.81 | 77.26 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 68 | 94.25 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 86.27 | 58.29 |
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Transportation
| Item | Southern Peninsula | Western Region (Iceland) |
|---|
| Local transport ticket | 7.04 | 5.6 |
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| Monthly ticket local transport | 6,906 | 3,216 |
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| Taxi Ride, 8 km or 5 mi | 4,354 | 2,838 |
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| Gas / Petrol, 1 L or 0.26 gal | 4.22 | 2.15 |
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| Mortgage Interest Rate for 20 Years | 71.75% | 38.23% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 25.41 | 22.8 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 2.16 | 2.16 |
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Groceries
| Item | Southern Peninsula | Western Region (Iceland) |
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| Milk, 1 L or 1 qt | 1.8 | 1.95 |
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| Bread, 0.5 kg or 1.1 lb | 3.57 | 2 |
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| Eggs, x12 | 7 | 5.03 |
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| Cheese, 1 kg or 2.2 lb | 16.86 | 17.45 |
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| Chicken Breast, 1 kg or 2.2 lb | 19.76 | 10.24 |
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| Round Steak, 1 kg or 2.2 lb | 41 | 11.78 |
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| Banana, 1 kg or 2.2 lb | 2.22 | 2.12 |
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| Water, 1 L or 1 qt | 1.13 | 1.56 |
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Other
| Item | Southern Peninsula | Western Region (Iceland) |
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| Gym Membership, 1 month | 70.62 | 77.63 |
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| Cinema Ticket, 1 person | 16.68 | 11.94 |
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| Doctors visit | 89.55 | 50.22 |
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| Haircut, simple | 57.46 | 8 |
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| Brand Jeans | 108.05 | 88.67 |
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| Brand Sneakers | 164.51 | 118.17 |
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| Daycare or Preschool, 1 month | 215.07 | 228.45 |
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| International Primary School, 1 year | 7,314 | 6,531 |
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