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. 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. A single person costs: $2,700 per month. Total cost of living in Iceland for two person with average consumption for one month will be $ 2062, no rent price included. 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). 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. Monthly rent costs: $1,174 per month. Reykjavik is 27% cheaper than New York City. The Cost of Living in Vienna is average. Expats in Iceland can budget a minimum of KR 11,000 or USD 100 to cover their electricity, heating and water consumption. If it is the entire apartment, then it can be around € 700-2100 / USD 825 – 2480 per month. 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. As … Moving to Iceland – Cost of Living in Reykjavik. It’s very, very expensive to live in Iceland. Cost of Living Estimate in Iceland You can calculate cost of living in Iceland by changing quantity using input near each good or service. The rental market in Iceland is tough. The average salary of 410,000 ISK per month (approximately 3300 USD) puts Iceland’s figures among the highest salaries in Europe. The rental market in Iceland is tough. Standard haircut in downtown – 4.800 ISK. The disparity between East and West Europe remains great, reaching over 50 percent. 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. Vik Campsite. Currency: Indonesian Rupiah; pegged roughly 1 : 14,000 with the US dollar (IDR rate here). 1 liter of milk – 176 ISK. Would you like to live and work in Iceland? This country had 2081 entries in the past 12 months by 234 different contributors. Iceland Trip Cost: Entertainment. Ubud has a growing startup scene and as of 2016 was vying with Thailand and Vietnam for this crowd of expats. While Iceland is a remote island in the North Atlantic, many things have to be imported, which can obviously elevate prices. A single traveler costs: $4,243 per month. Coffee costs: $3.91. Cost of living in European cities The dot shows current cost of living, and the green line the change since 2008. Restaurant Prices in Iceland are 54.56% higher than in United States. Expect to pay between 100.000 to 120.000 ISK for a flat in central Reykjavik. It’s not easy to secure an affordable room in central Reykjavik. 40 5.3: 6.8. If you’re looking for a studio or one bedroom apartment, the going rates could be shocking. You’re headed to Iceland! How much things cost in Iceland . In 2018, the prices were slightly higher: ISK 15.550 ISK – 53.000 / EUR 125 – 426. How much things cost in Iceland . Now that you’ve familiarized yourself with some of Iceland’s food costs, plug these figures into your budget and pack your bags. It’s very, very expensive to live in Iceland. 500 gr of cheese – 923 ISK. If rent index is included in the figure, Iceland figures as the world’s ninth most expensive country. Vienna is 50% cheaper than New York City. Do you live in United States? The waterfall has a 700 ISK ($6.49) parking fee. 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. 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. Compare Countries United States vs Iceland. For comparable figures for families check this website. A single person costs: $1,835 per month. Soup at Black Beach Restaurant in Vik: 1,572 ISK or $14.84 USD. Rent in Iceland is, on average, 5.19% higher than in United States. 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. Now that you’ve familiarized yourself with some of Iceland’s food costs, plug these figures into your budget and pack your bags. 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. 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. Breakdown of prices in Reykjavik, Iceland for housing, food, transportation, going out for December 2020. As the Króna has increased in value the prices of goods and services in Iceland, calculated in US Dollar, have risen. 100=the cost of living in New York. A family costs: $5,518 per month. The University of Iceland in Reykjavik is the main institution for both local and international students. At today's rate, 100.000 ISK is around $750. 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. 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. Cost of living in Iceland is 37.83% higher than in United States (aggregate data for all cities, rent is not taken into account). USD: 111-622. 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. 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). Groceries Prices in Iceland are 28.03% higher than in United States. 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. If it is the entire apartment, then it can be around € 700-2100 / USD 825 – 2480 per month. 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. Monthly rent costs: $853 per month. 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. 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). ... For example, a monthly transit pass in Dublin will cost you 134 Euros (around $155 USD). You’re headed to Iceland! 1 liter of milk – 176 ISK. Terms of Use and Privacy Policy, Copyright © 2009-2020 Numbeo. Copyright © 2009-2020 Numbeo. But the krona's exchange rate has weakened somewhat in recent years. There are single rooms that can go for 70,000ISK. 1 USD= 122.033 ISK Iceland has never been a cheap travel destination, and is unlikely to ever be. the Renting average cost is usually around € 300 or USD 350 if it is a shared rental. Cup of coffee at Seljalandsfoss Shop: 450 ISK or $4.22 USD. The Vik campsite … The average salary of 410,000 ISK per month (approximately 3300 USD) puts Iceland’s figures among the highest salaries in Europe. Moving to Iceland – Cost of Living in Reykjavik. 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. Rent in Iceland is, on average, 5.20% higher than in United States. The exact cost of living will depend on where an individual chooses to live, their lifestyle, the size of their household, and the kind of … As in any country, the price of a house varies according to the location, type of house, size, year of construction, etc. Your use of this service is subject to our Below you can see some additional examples of prices to know before moving to Iceland: Bread for 2 people for 1 day – 335 ISK. In Iceland, the average pre-tax income is about $60,000, with a median income of about $47,000. The cost of riding the bus, one-way, is 280 ISK. Terms of Use and The costs of living of all countries within the EU are lower than in Iceland. Comparisons improve with every new data that you enter. the Renting average cost is usually around € 300 or USD 350 if it is a shared rental. A lot. Your use of this service is subject to our. However, in Iceland, this is going to cost you. 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). From volcanoes and rivers to botanical gardens, the landscapes are stunning and worth seeing with own eyes. The Cost of Living in Reykjavik is very high. FrançaisCoût de la Vie en Islande 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 kilogram of rice will come up to £2.23 (313 ISK), while one kilogram of local cheese amounts to £12.29 (1,731 ISK). 11,019: 14,152. 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