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 Type | Cost (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 breast | 1,243 kr |
| 1 liter of whole fat milk | 159 kr |
| 1 dozen (12) Large eggs | 800 kr |
| 1 kilogram of tomatoes (2 lbs) | 547 kr |
| 0.5 kg (500 grams) local cheese | 1,177 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 wine | 3,006 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 area | 282,457 kr |
| Monthly rent of a 900 Sqft furnished accommodation in Average area | 246,338 kr |
| 2 people Household Utilities for 1 month (heating, electricity, gas) for 914 sq. ft. apartment | 17,186 kr |
| Monthly rent of a 480 Sqft furnished studio in Posh or Expensive area | 209,801 kr |
| Monthly rent of a 480 Sqft furnished studio in Average area | 165,335 kr |
| 1 person Household Utilities for 1 month (heating, electricity, gas) for (480 Sqft) studio | 11,102 kr |
| 1 month Internet Connection (8 mbps | 6,468 kr |
| 40 inch flat-screen TV | 86,615 kr |
| Microwave 800 to 900 Watt made by Bosch, LG, or similar brands | 22,343 kr |
| Laundry detergent (3 litres~ or 100 oz.) | 1,911 kr |
| Cleaning hourly rate | 3,885 kr |
| 1 jeans pair from Levis or similar brand | 16,589 kr |
| Single warm weather dress at Top brand like Zara, H&M or similar | 8,849 kr |
| Single pair of shoes for sports like Nike, Adidas, or similar brands | 19,317 kr |
| Single pair of men’s leather formal shoes | 26,525 kr |
| 1.4 cc base vehicle price (Volkswagen Golf) | 3,591,100 kr |
| 1 liter 0.25 gallon) of gas/fuel | 225 kr |
| Public transport monthly ticket | 11,170 kr |
| Business day taxi usage, 8 km. i.e. 5 miles | 3,312 kr |
| 6 days cold treatment medicine like Tylenol, Coldrex, or similar brands | 1,353 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 rolls | 440 kr |
| Toothpaste tube | 398 kr |
| Men’s haircut at the VIP area | 5,753 kr |
| Average dinner for two at a pub | 6,265 kr |
| 2 movie tickets | 3,061 kr |
| 2 tickets to best seats at a theater | 11,427 kr |
| Dinner for two people at an Italian restaurant in the the VIP area including appetizer, main course, wine and dessert | 11,482 kr |
| One cocktail drink at a downtown club | 2,451 kr |
| Coffee (Cappuccino) in the VIP area of the city | 677 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 membership | 8,633 kr |
| 1 pack of cigarettes (Marlboro) | 1,429 kr |