🇮🇸Cost of Living in Reykjavik
Iceland · Population: 140,000 · Cost Index: 88/100
Cost of Living in Reykjavik
Iceland · Europe
Reykjavik is the world's northernmost capital, known for its stunning natural landscapes, geothermal energy, vibrant arts scene, and exceptionally high standard of living. It is one of the most expensive cities in Europe.
140,000
Population
88
Cost Index
92
Safety Index
88
Quality of Life
Average Monthly Cost: $4,200 (single person, excluding rent)
Cost Breakdown
Housing
1-Bedroom Apartment (City Center)(per month)
$1,650.001-Bedroom Apartment (Outside Center)(per month)
$1,250.003-Bedroom Apartment (City Center)(per month)
$3,200.003-Bedroom Apartment (Outside Center)(per month)
$2,400.00Food & Groceries
Meal at Inexpensive Restaurant(per meal)
$22.00Meal for 2 at Mid-Range Restaurant(per meal)
$95.00McMeal at McDonald's(per meal)
$15.00Milk (1 liter)(per liter)
$1.85Bread (500g loaf)(per loaf)
$3.80Rice (1 kg)(per kg)
$4.20Eggs (12)(per dozen)
$5.50Chicken Breast (1 kg)(per kg)
$14.50Apples (1 kg)(per kg)
$3.50Cappuccino(per cup)
$5.50Transportation
Monthly Public Transit Pass(per month)
$95.00One-Way Ticket (Local Transport)(per trip)
$3.80Taxi Start (Normal Tariff)(base fare)
$6.50Taxi 1km (Normal Tariff)(per km)
$3.00Gasoline (1 liter)(per liter)
$2.25Utilities
Basic Utilities (85m² Apartment)(per month)
$85.00Mobile Phone Plan(per month)
$45.00Internet (60 Mbps+)(per month)
$65.00Healthcare
Doctor Visit(per visit)
$50.00Dentist Visit(per visit)
$120.00Prescription Medicine (avg)(per prescription)
$20.00Entertainment
Fitness Club Monthly(per month)
$55.00Cinema Ticket(per ticket)
$15.00Cappuccino(per cup)
$5.50Beer (0.5l) at Restaurant(per glass)
$12.00Clothing
Pair of Jeans (Levi's)(per pair)
$110.00Summer Dress (Chain Store)(per item)
$55.00Running Shoes (Nike, Adidas)(per pair)
$130.00Compare Reykjavik with another city
See how Reykjavik stacks up against any other city in our database.
Quick Facts
- Currency
- ISK
- Language
- Icelandic
- Cost Index
- 88/100
- Safety Index
- 92/100
- Quality of Life
- 88/100
Data last updated: 2026-01-15. Prices are approximate and shown in USD.