Reykjavik, on the coast of Iceland, is the country’s capital and largest city. It’s home to the National and Saga museums, tracing Iceland’s Viking history. To find out the cost of living in Reykjavik (Iceland) , see the chart below.

Cost of Living in Reykjavik (Iceland) is given below in detail:

Expense TypeCost (Local Currency)
Lunch One Person
(including a drink) in the
business district
2,578 kr
Fast Food Combo Meal at Restaurant (Big Mac Meal or similar)1,791 kr
500 grams (1/2 kg) of boneless chicken breast1,243 kr
1 liter of whole fat milk159 kr
1 dozen (12) Large eggs800 kr
1 kilogram of tomatoes (2 lbs)547 kr
0.5 kg (500 grams) local cheese1,177 kr
1 kg of apples (2 lb.) 448 kr
1 kg of potatoes (2 lb.)374 kr
0.5 litre domestic beer at a supermarket (16 oz)407 kr
1 bottle of good quality red table wine3,006 kr
2 liters of Soft Drink (Coca-Cola)312 kr
2 people meal (Bread only)305 kr
Monthly rent of a 900 Sqft furnished accommodation in Posh area282,457 kr
Monthly rent of a 900 Sqft furnished accommodation in Average area246,338 kr
 2 people Household Utilities for 1 month (heating, electricity, gas) for 914 sq. ft. apartment17,186 kr
Monthly rent of a 480 Sqft furnished studio in Posh or Expensive area209,801 kr
Monthly rent of a 480 Sqft furnished studio in Average area165,335 kr
1 person Household Utilities for 1 month (heating, electricity, gas) for (480 Sqft) studio11,102 kr
1 month Internet Connection (8 mbps6,468 kr
40 inch flat-screen TV 86,615 kr
Microwave 800 to 900 Watt made by Bosch, LG, or similar brands22,343 kr
Laundry detergent (3 litres~ or 100 oz.)1,911 kr
Cleaning hourly rate3,885 kr
1 jeans pair from Levis or similar brand16,589 kr
Single warm weather dress at Top brand like Zara, H&M or similar8,849 kr
Single pair of shoes for sports like Nike, Adidas, or similar brands19,317 kr
Single pair of men’s leather formal shoes26,525 kr
1.4 cc base vehicle price (Volkswagen Golf)3,591,100 kr
1 liter 0.25 gallon) of gas/fuel225 kr
Public transport monthly ticket 11,170 kr
Business day taxi usage, 8 km. i.e. 5 miles3,312 kr
 6 days cold treatment medicine like Tylenol, Coldrex, or similar brands1,353 kr
Antibiotics Box (12 doses)1,851 kr
Private Doctor Visit (15 minutes)5,045 kr
32 tampons (1 Box)678 kr
Deodorant or roll-on  (50ml ~ 1.5 oz.)598 kr
Hair shampoo & conditioner(400 ml ~ 12 oz.)1,089 kr
Toilet paper 4 rolls440 kr
Toothpaste tube398 kr
Men’s haircut at the VIP area5,753 kr
Average dinner for two at a pub6,265 kr
2 movie tickets3,061 kr
2 tickets to best seats at a theater11,427 kr
Dinner for two people at an Italian restaurant in the the VIP area including appetizer, main course, wine and dessert11,482 kr
One cocktail drink at a downtown club2,451 kr
Coffee (Cappuccino) in the VIP area of the city677 kr
1 beer at a neighbourhood pub (500ml)1,141 kr
128GB iPad with supported Wi-Fi 84,141 kr
1 minute of prepaid mobile tariff (no discounts included)20 kr
1 month of  business district gym membership8,633 kr
1 pack of cigarettes (Marlboro)1,429 kr