Very expensive — cheaper than 98% of cities worldwide
Ranked #11 of 558 cities · More expensive than 98% of cities worldwide
Lower index = more affordable
Rent Prices
| Apartment | City Centre | Outside Centre | You Save |
|---|---|---|---|
| 1-Bedroom | ISK 294,842/mo ≈ $2,460 | ISK 252,266/mo ≈ $2,105 | 14% |
| 3-Bedroom | ISK 412,353/mo ≈ $3,441 | ISK 332,824/mo ≈ $2,777 | 14% |
Reykjavik is very expensive by global standards (ranked #11 of 558 cities), cheaper than 98% of cities worldwide.
Groceries are very expensive, while dining out is very expensive. Rent offers the best value, while Restaurants is the priciest.
Local purchasing power is strong — residents can afford more goods and services than in most cities.
Workers in Iceland earning ISK 6,826,111 gross take home ISK 438,001/month after tax (23% effective rate). See full Iceland tax calculator →
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