Cost of living in Reykjavik, Iceland

Costs of living in Reykjavík are in the most expensive 10 percent of all 250 Teleport cities. Average living expenses are significantly higher compared to other cities, especially in the housing market. Moving to Reykjavík will very likely increase your daily costs of living. Sign up for free to get access to our cost of living index and use our international cost of living calculator to do cost comparison by city.

Housing prices in Reykjavik

Large apartment

$1,864$2,294
$2,079
Median rent in city center
+62%
Compared to average rent of all cities

Medium apartment

$1,484$1,876
$1,680
Median rent in city center
+63%
Compared to average rent of all cities

Small apartment

$1,104$1,458
$1,281
Median rent in city center
+65%
Compared to average rent of all cities

Prices for items of daily living

PricePrice compared to the average price of all citiesPrice ranking compared to all cities
Food & drink
A kilogram of Apples$2.80+5%164/264
Bread$2.20+130%258/262
A Cappuccino$4.90+56%257/264
A beer$2.80+48%242/262
Lunch$20+88%261/264
Transportation
Monthly public transport$95+78%247/264
5km taxi ride$15+110%258/264
Other
Movie ticket$13+41%244/264
Monthly fitness club membership$72+54%241/264
Broadband internet connection$58+57%236/250