Privacy Policy, Copyright © 2009-2020 Numbeo. Breakdown of prices in Reykjavik, Iceland for housing, food, transportation, going out for December 2020. Even if the cost of living in the country is high, the purchase power still makes of Iceland an attractive place to be an employee. Privacy Policy. How does the cost of living in Iceland compare? Cost of Living in Iceland Iceland is a very special country with unique and unforgettable nature, great destinations, and famous architecture. ItalianoCosto della Vita in Islanda Below you can see some additional examples of prices to know before moving to Iceland: Bread for 2 people for 1 day – 335 ISK. The prices were checked out searching on www.booking.com for a twin room for the 1st of July 2019 for the accommodation located less than 3 km from the city center. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ...), Price per Square Feet to Buy Apartment in City Centre, Price per Square Feet to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. Cost of living in European cities The dot shows current cost of living, and the green line the change since 2008. A litre of milk in Reykjavik will cost you £1.10 (154 ISK). While Iceland is a remote island in the North Atlantic, many things have to be imported, which can obviously elevate prices. If you’re looking for a studio or one bedroom apartment, the going rates could be shocking. Iceland Trip Cost: Entertainment. The cost of riding the bus, one-way, is 280 ISK. 37.3 % 1 January 2017 Marshall Islands: US$2.00 per hour for government and private sector employees. The University of Iceland in Reykjavik is the main institution for both local and international students. Rather, the biggest contributor to costs in Iceland is the country’s high standard of living. It’s not easy to secure an affordable room in central Reykjavik. Moving to Iceland – Cost of Living in Reykjavik. A lot. Comparisons improve with every new data that you enter. The first 53.895 ISK (504 USD/ 433 EUR) each month are tax-excempt. The waterfall has a 700 ISK ($6.49) parking fee. Vik Campsite. 500 gr of cheese – 923 ISK. Soup at Black Beach Restaurant in Vik: 1,572 ISK or $14.84 USD. Cup of coffee at Seljalandsfoss Shop: 450 ISK or $4.22 USD. The disparity between East and West Europe remains great, reaching over 50 percent. > Moving to Iceland – Cost of Living in Reykjavik. Coffee costs: $3.91. The Cost of Living in Vienna is average. As the Króna has increased in value the prices of goods and services in Iceland, calculated in US Dollar, have risen. Groceries Prices in Iceland are 28.03% higher than in United States. For comparable figures for families check this website. USD: 111-622. Expat Scene: Bali is the playground for Australians since the flights are so cheap.There is also a solid expat scene of both short-term expats (3-6 months) and those living full-time on the island. Your use of this service is subject to our. Living in Iceland . 500 gr of cheese – 923 ISK. Below you can see some additional examples of prices to know before moving to Iceland: Bread for 2 people for 1 day – 335 ISK. So I decided to walk around the shops myself and compile my own list based on my personal everyday experience of the cost of living in Bangkok. Iceland has some of the most expensive liquor prices in the world and a pint of local beer at a bar can easily set you back $15. In May 2017, a single U.S. dollar bought less than 100 krona, but by July 2018 the krona had weakened to 105 per U.S. dollar. Vienna is 50% cheaper than New York City. 40 5.3: 6.8. Your use of this service is subject to our Tell us your opinion about health care in Clifton, NJ. €778.34 ($918) per month, or €169.76 ($200) per week; combined with an annual mandatory bonus of €270.20 ($319) and a €242.32 ($286) annual cost of living increase, automatically adjusted for inflation. ... For example, a monthly transit pass in Dublin will cost you 134 Euros (around $155 USD). Soup at Black Beach Restaurant in Vik: 1,572 ISK or $14.84 USD. 11,019: 14,152. Resulting total will appear in a floating box in the bottom of your screen. Here is the website of Statistics Iceland that shows average household expenditure. 1 liter of milk – 176 ISK. Rent in Iceland is, on average, 5.20% higher than in United States. In fact, the cost of living is equivalent to living in some of the more expensive cities in the United States. It’s very, very expensive to live in Iceland. It’s very, very expensive to live in Iceland. If rent index is included in the figure, Iceland figures as the world’s ninth most expensive country. Even if the cost of living in the country is high, the purchase power still makes of Iceland an attractive place to be an employee. As … The Cost of Living in Reykjavik is very high. Two bedroom apartment in Reykjavik – ISK 24,900,000 or USD 226,500; As with most countries abroad, utilities are seldom included in the rental cost. A single traveler costs: $4,243 per month. The Cost of Living in Thailand. FrançaisCoût de la Vie en Islande Besides being a major industrial and political center, Reykjavik hosts lots of cultural events and business meetings. All over Iceland, a sit-down meal is going to cost US$12 to US$20 for even something basic, and twice that much for a traditional evening meal (as opposed to a sandwich or pasta etc). The costs of living of all countries within the EU are lower than in Iceland. Cost of Living in Reykjavik, Iceland The largest city in Iceland, the capital Reykjavik is home for more than 120 thousand people. 100=the cost of living in New York. A family costs: $4,277 per month. Now that you’ve familiarized yourself with some of Iceland’s food costs, plug these figures into your budget and pack your bags. You need at least €950 for monthly expenses (excluding rent), while a family of four needs to budget for about €3,550/month (excluding rent). Terms of Use and In 2018, the prices were slightly higher: ISK 15.550 ISK – 53.000 / EUR 125 – 426. Cost of Living in Iceland Select city in Iceland: Cost of living in Iceland is 37.89% higher than in United States (aggregate data for all cities, rent is not taken into account). Terms of Use and Vik. But, you can get sandwiches and pizza and other casual items at fast food places, which are often inside petrol stations (every 30km or so). Would you like to live and work in Iceland? Living in Iceland . the Renting average cost is usually around € 300 or USD 350 if it is a shared rental. Total cost of living in Iceland for two person with average consumption for one month will be $ 2062, no rent price included. Monthly rent costs: $853 per month. The first 53.895 ISK (504 USD/ 433 EUR) each month are tax-excempt. Seljalandsfoss. Currency: Indonesian Rupiah; pegged roughly 1 : 14,000 with the US dollar (IDR rate here). How much things cost in Iceland . Pie and coffee at Kaffi Emil: 1,200 ISK or $11.27 USD. All over Iceland, a sit-down meal is going to cost US$12 to US$20 for even something basic, and twice that much for a traditional evening meal (as opposed to a sandwich or pasta etc). Standard haircut in downtown – 4.800 ISK. Reykjavik is 27% cheaper than New York City. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$1.67, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$26,708. How much things cost in Iceland . EspañolCosto de Vida en Islandia, Copyright © 2009-2020 Numbeo. Consumer prices in Iceland are on average higher than other parts of Europe, however there are many ways to travel in Iceland whatever your budget. A single person can expect to spend ISK 137,000 (USD 1,050, EUR 970) a month on food, clothes, medical services, recreation, transport, communication, and other services. Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1 lb) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment, 1 min. The average salary of 410,000 ISK per month (approximately 3300 USD) puts Iceland’s figures among the highest salaries in Europe. Whilst Iceland draws in a myriad of international visitors each year, the country has a reputation other than the allure of its magnificent natural wonders. Ubud has a growing startup scene and as of 2016 was vying with Thailand and Vietnam for this crowd of expats. Local Purchasing Power in Iceland is 31.27% lower than in United States. Sports > Fitness club/gym > Cost per month for adult: Fitness Club, Monthly Fee for 1 Adult. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ...), Price per Square Feet to Buy Apartment in City Centre, Price per Square Feet to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. But the krona's exchange rate has weakened somewhat in recent years. Bouncing back from 2008 Bouncing back from 2008 It’s not easy to secure an affordable room in central Reykjavik. But, you can get sandwiches and pizza and other casual items at fast food places, which are often inside petrol stations (every 30km or so). The average salary of 410,000 ISK per month (approximately 3300 USD) puts Iceland’s figures among the highest salaries in Europe. Pie and coffee at Kaffi Emil: 1,200 ISK or $11.27 USD. In New York City, a monthly MetroCard costs less than $120, and NYC is one of the most expensive cities in the world. Your use of this service is subject to our If it is the entire apartment, then it can be around € 700-2100 / USD 825 – 2480 per month. Of course, 100.000 ISK will get you a rather small one bedroom in the 101 postcode, but that's a pretty good deal! Rent in Iceland is, on average, 5.19% higher than in United States. HIV AIDS > Women living with aids 15-49: People living with HIV/AIDS, women (age 15-49) Births and maternity > Future births per million people: Mid-range estimate for country's population increase due to births from five years prior to the given year. DeutschLebenshaltungskosten in Island This country had 2081 entries in the past 12 months by 234 different contributors. A single person costs: $1,835 per month. The Vik campsite … Your use of this service is subject to our, Quality of Life Comparison United States vs Iceland, Crime Comparison United States vs Iceland, Health Care Comparison United States vs Iceland, Pollution Comparison United States vs Iceland, Property Prices Comparison United States vs Iceland, Traffic Comparison United States vs Iceland, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1 lb) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment, 1 min. Now that you’ve familiarized yourself with some of Iceland’s food costs, plug these figures into your budget and pack your bags. 1 USD= 122.033 ISK Iceland has never been a cheap travel destination, and is unlikely to ever be. Monthly rent costs: $1,174 per month. Coffee costs: $3.65. Cup of coffee at Seljalandsfoss Shop: 450 ISK or $4.22 USD. As in any country, the price of a house varies according to the location, type of house, size, year of construction, etc. Breakdown of prices in Vienna, Austria for housing, food, transportation, going out for December 2020. As you can see the prices vary quite a lot. Cost of living in Iceland is 37.83% higher than in United States (aggregate data for all cities, rent is not taken into account). If you’re looking for a studio or one bedroom apartment, the going rates could be shocking. Copyright © 2009-2020 Numbeo. A basket costing USD$1,000 in New York costs USD$1230. A single traveler costs: $3,040 per month. If it is the entire apartment, then it can be around € 700-2100 / USD 825 – 2480 per month. At today's rate, 100.000 ISK is around $750. Expect to pay between 100.000 to 120.000 ISK for a flat in central Reykjavik. However, in Iceland, this is going to cost you. Restaurant Prices in Iceland are 54.56% higher than in United States. Expats in Iceland can budget a minimum of KR 11,000 or USD 100 to cover their electricity, heating and water consumption. Cost of Living Other comparisons United States vs Iceland: Copyright © 2009-2020 Numbeo. Rent Prices in Iceland are 5.19% higher than in United States. There are single rooms that can go for 70,000ISK. The rental market in Iceland is tough. A family costs: $5,518 per month. Whilst Iceland draws in a myriad of international visitors each year, the country has a reputation other than the allure of its magnificent natural wonders. 1 liter of milk – 176 ISK. If rent index is included in the figure, Iceland figures as the world’s ninth most expensive country. PortuguêsCusto de Vida na Islândia In 2018, the prices were slightly higher: ISK 15.550 ISK – 53.000 / EUR 125 – 426. Initially I planned to cross reference some cost of living websites and provide averages, but I found them to be pretty off the mark, particularly when it came to housing. the Renting average cost is usually around € 300 or USD 350 if it is a shared rental. The figures are pre-tax: Taxes in Iceland are 36.94% on monthly wage income below 893.713 ISK (8,372 USD / 7,176 EUR) and 46,24% on montly wage income above 893.713 ISK. There are single rooms that can go for 70,000ISK. The figures are pre-tax: Taxes in Iceland are 36.94% on monthly wage income below 893.713 ISK (8,372 USD / 7,176 EUR) and 46,24% on montly wage income above 893.713 ISK. The rental market in Iceland is tough. The consumer price index excludes the cost of housing. Compare Countries Cost of living in Iceland for international students Iceland proudly boasts a 99% literacy rate, so it is clearly a country with high standards when it comes to education. United States vs Iceland. 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