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