How expensive is Reykjavik compared to other cities?

Reykjavik ranks #8 out of 577 cities globally, cheaper than 1.2% of cities worldwide. The rent index is 49.6 and local purchasing power is 112.8.

What is the average rent in Reykjavik?

A 1-bedroom apartment in Reykjavik city centre costs approximately ISK 300,974 per month. Outside the centre, rent drops to ISK 246,101 (saving 18%). A 3-bedroom apartment in the centre costs around ISK 416,118.

Is Reykjavik affordable to live in?

Reykjavik is very expensive by global standards. Groceries are very expensive, restaurants are very expensive, and local purchasing power is strong. Workers in Iceland earning ISK 6,803,185 gross take home approximately ISK 442,362 per month after tax.

🇮🇸 Iceland · 2026

Costo della Vita a Reykjavik

Very expensive: più economica del 1.2% delle città nel mondo

Classificata #8 su 577 città · Più costosa del 98.6% delle città a livello mondiale

Very expensive

Costo della Vita

Affordable

Affitto

Very expensive

Generi Alimentari

Strong

Potere d'Acquisto

Indice più basso = più accessibile

Prezzi degli Affitti a Reykjavik

Appartamento	Centro Città	Fuori Centro	Risparmi
1 Camera	ISK 300,974/mo ≈ $2,486	ISK 246,101/mo ≈ $2,033	18%
3 Camere	ISK 416,118/mo ≈ $3,437	ISK 329,565/mo ≈ $2,722	21%

Numbeo · 2026-10-02

Prices of Goods & Services in Reykjavik

Groceries

Item	Price	Sources
Apples (1kg)	ISK 421.28	2 sources
Beer (0.5L, supermarket)	ISK 526.16	2 sources
Bread (500g)	ISK 497.12	2 sources
Local cheese (1kg)	ISK 2,797.08	2 sources
Chicken (1kg)	ISK 3,081.43	2 sources
Cigarettes (Marlboro)	ISK 1,742.50	2 sources
Eggs (12)	ISK 891.47	2 sources
Milk (1L)	ISK 249.83	2 sources
Potatoes (1kg)	ISK 442.67	2 sources
Tomatoes (1kg)	ISK 729.00	2 sources
Water (1.5L)	ISK 229.67	1 source
Wine (mid-range)	ISK 3,815.00	2 sources

Apples (1kg)

ISK 421.28

Beer (0.5L, supermarket)

ISK 526.16

Bread (500g)

ISK 497.12

Local cheese (1kg)

ISK 2,797.08

Chicken (1kg)

ISK 3,081.43

Cigarettes (Marlboro)

ISK 1,742.50

Eggs (12)

ISK 891.47

Milk (1L)

ISK 249.83

Potatoes (1kg)

ISK 442.67

Tomatoes (1kg)

ISK 729.00

Water (1.5L)

ISK 229.67

Wine (mid-range)

ISK 3,815.00

Restaurants

Item	Price	Sources
Draft beer (0.5L)	ISK 1,495.50	2 sources
Cappuccino	ISK 776.02	2 sources
McMeal	ISK 2,868.50	2 sources
Cheap meal	ISK 5,206.00	2 sources
Mid-range dinner (2 people)	ISK 17,098.00	2 sources

Draft beer (0.5L)

ISK 1,495.50

Cappuccino

ISK 776.02

McMeal

ISK 2,868.50

Cheap meal

ISK 5,206.00

Mid-range dinner (2 people)

ISK 17,098.00

Clothing & Shoes

Item	Price	Sources
Business shoes (leather)	ISK 29,350.22	2 sources
Jeans (Levi's 501)	ISK 15,836.17	2 sources
Sport shoes (Nike)	ISK 23,738.77	2 sources
Summer dress (Zara/H&M)	ISK 10,280.00	2 sources

Business shoes (leather)

ISK 29,350.22

Jeans (Levi's 501)

ISK 15,836.17

Sport shoes (Nike)

ISK 23,738.77

Summer dress (Zara/H&M)

ISK 10,280.00

Leisure

Item	Price	Sources
Cinema ticket	ISK 2,121.75	2 sources
Gym membership	ISK 17,134.88	2 sources

Cinema ticket

ISK 2,121.75

Gym membership

ISK 17,134.88

Transportation

Item	Price	Sources
Gasoline (1L)	ISK 303.80	2 sources
Taxi start	ISK 820.00	1 source
Monthly pass	ISK 10,833.00	2 sources

Gasoline (1L)

ISK 303.80

Taxi start

ISK 820.00

Monthly pass

ISK 10,833.00

Utilities

Item	Price	Sources
Basic utilities (85m²)	ISK 29,191.73	2 sources

Basic utilities (85m²)

ISK 29,191.73

Prices in local currency, cross-referenced from multiple independent sources. October 2026.

Multi-Source Comparison

★★★ High Confidence

Reykjavik has a cost of living index of 82.6 (New York = 100, rent included), the average of 3 of 3 data sources.

82.6

Index

Sources

12.3

Gap between sources

Source Values (NYC = 100)

Numbeo

80.1

Expatistan

90.0

LivingCost

77.7

ShouldIMove price index

No data

ShouldIMove price index: our own basket of real item prices plus rent.

View all 577 cities

Indici di Costo

Costo della Vita

82.6 Very expensive

Affitto

49.6 Affordable

Generi Alimentari

111.3 Very expensive

Ristoranti

129.0 Very expensive

Potere d'Acquisto

112.8 Strong

Vivere a Reykjavik: Cosa Aspettarsi

Reykjavik è very expensive secondo gli standard globali (classificata #8 su 577 città), più economica del 1.2% delle città nel mondo.

La spesa alimentare è very expensive, mentre mangiare fuori è very expensive. Rent offre il miglior rapporto qualità-prezzo, mentre Restaurants è il più costoso.

I lavoratori in Iceland con ISK 6,803,185 lordi ricevono ISK 442,362/mese netto dopo le tasse (aliquota effettiva: 22%%). Vedi il calcolatore fiscale completo di Iceland →