Iceland
Wikipedia: Seljalandsfoss
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Europe

Iceland

Trust 100
Cities tracked
6
Local currency
kr
80
Relocation

Living here, beyond cost

Visa-free for
Safety index
Median fixed internet
Top income tax
Iceland

About Iceland

Costs exclude rent
Single / month
$1,146
Family of 4 / mo
$2,906
Internet
198.56Mbps
Interest rate
9%
Inflation
5.4%
Population
0.4M

Iceland is a beautiful island country located in the North Atlantic Ocean. Known for its stunning landscapes, Iceland is famous for its volcanoes, geysers, hot springs, and lava fields. The country has a small population, with most people living in the capital city, Reykjavik.

Data aggregated from public cost-of-living sources. See About for methodology.Wikipedia · Wikipedia (CC BY-SA)· Updated May 22, 2026

Most affordable cities

Most expensive cities

All cities

Showing: Single person. Family figures marked “~” are estimated from single-person data (×2.7).

Food & drink

Cost breakdown

verified estimated rough

Filters items shown below only — for a global search, use the bar in the header.

Fashion

  • Summer Dress from Chain Stores (e.g., Zara, H&M)roughUSD $71.41
  • Classic Jeans (e.g., Levi's 501)roughUSD $144.96
  • Men's Dress ShoesroughUSD $230.74
  • Midrange Nike Running ShoesroughUSD $192.86

Financial

  • Average Monthly Salary After TaxroughUSD $4,111
  • Mortgage Interest Rate (20-Year Fixed)roughUSD $0.04

Food - Beverages

  • Bottled Water (350 ml)roughUSD $2.54
  • Soft Drinks (350 ml Bottle)roughUSD $3.1
  • CappuccinoroughUSD $5.5
  • Imported Beer (Small Bottle)roughUSD $9.26
  • Local Draft Beer (Pint)roughUSD $11.11

Food - Dining

  • Casual Dining ExperienceroughUSD $23.14
  • Upscale Dinner for TworoughUSD $120.35
  • Fast Food ComboroughUSD $17.59

Food - Grocery

  • Apples (1 kg)roughUSD $3.73
  • Bananas (1 kg)roughUSD $2.91
  • Oranges (1 kg)roughUSD $3.09
  • Tomatoes (1 kg)roughUSD $5.36
  • Potatoes (1 kg)roughUSD $3.04
  • Onions (1 kg)roughUSD $1.73
  • Lettuce (1 Head)roughUSD $3.26
  • Bottled Water (1.5L)roughUSD $2.39
  • Midrange Bottle of WineroughUSD $24.07
  • Marlboro (20-Pack)roughUSD $13.88
  • Chicken Fillets (1 kg)roughUSD $20.02
  • Local Cheese (1 kg)roughUSD $16.1

Housing

  • Average Cost per Square Foot for Apartments Outside City CenterroughUSD $447.49
  • Average Rent of 1-Bedroom Apartment in City CenterroughUSD $1,687
  • Average Rent of 1-Bedroom Apartment Outside City CenterroughUSD $1,357
  • Average Rent of 3-Bedroom Apartment in City CenterroughUSD $2,442
  • Average Rent of 3-Bedroom Apartment Outside City CenterroughUSD $2,097
  • Average Cost per Square Foot for Apartments in City CenterroughUSD $587.28

Leisure

  • Monthly Fee for Fitness Club Membership (1 Adult)roughUSD $82.11
  • Tennis Court Rental (1 Hour, Weekend)roughUSD $42.83
  • Cinema Ticket (International Release)roughUSD $15.74
  • Monthly Fee for Private Kindergarten (1 Child)roughUSD $358.87
  • Yearly Cost for International Primary School (1 Child)roughUSD $6,826

Transportation

  • Average Monthly Cost of Public Transport PassroughUSD $74.06
  • Average Price of a New Sedan CarroughUSD $41,532
  • Average Price of a New Compact Hatchback CarroughUSD $37,030
  • 1 Hour Taxi WaitroughUSD $73.32
  • Average Taxi Fare for 1 kmroughUSD $4.93
  • Average Rate to Start a Taxi RideroughUSD $6.85
  • One-Way Local Transport FareroughUSD $4.53

Utilities (Monthly)

  • Internet Service (60 Mbps or More, Unlimited)roughUSD $86.05
  • Average Monthly Cost for Essential Utilities in a 915 sq. ft. ApartmentroughUSD $140.36
See something wrong? Anonymous, no account needed.

Costs reflect a typical lifestyle in each place, excluding rent unless stated. Numbers are a starting point — always cross-check before big decisions.

  • Single / Family of 4 toggle. Family ≈ 2.7× single when no verified figure exists.
  • Estimated values use a ~ prefix and an "Estimated" label.
  • Spot something off? Hit Report — corrections reach consensus automatically.
How we calculate these numbers

When local data is missing (e.g. salary for a smaller city), we estimate from peer cities in the same country using a median ratio.

Full methodology, assumptions, and formulas live on our About page.