Cost of Living in Reykjavik, Iceland
Last updated on Apr 03, 2023
Summary: The cost of living in Reykjavik, Iceland is generally considered to be quite high. A nice one bedroom apartment in Reykjavik can cost anywhere from $1,500 to $2,500 per month, while a nice two bedroom apartment can cost anywhere from $2,000 to $3,500 per month. The cost of dinner at a moderately priced restaurant in Reykjavik can range from $20 to $50 per person.
Is the cost of living in Reykjavik high?
We asked people how much they someone comfortably live on in Reykjavik, they wrote:
"Yes, the cost of living in Reykjavik is high. The prices of groceries, transportation, and housing are all higher than in many other cities in the world," explained one expat.
Get Quote
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
Get Quote
Will I save money living in Reykjavik?
Please login to continue reading this article.
Not a member? Join Today (it's free).
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Other Questions:
- What do I need to know before moving to Reykjavik?
- What is a typical expat home or apartment like in Reykjavik?
- What is the average cost of housing in Reykjavik?
- How do I meet people in Reykjavik?
- What do I need to know before retiring in Reykjavik?
- What should I pack when moving to Reykjavik?
- Where should I setup a bank account in Reykjavik?
- Will I be able to find a job in Reykjavik?
- What is life like as an expat in your area?
- What do people like (and dislike) about Reykjavik?
- What type of social life can someone expect in Reykjavik?
- What is the social scene like in Reykjavik?
- What advice to expats in Reykjavik have about housing?
- What are medical services in Reykjavik like?
- Are healthcare and health insurance expensive in Reykjavik?
- Is the cost of living in Reykjavik high?
- What are the visa & residency requirements in Reykjavik?
- Why do people move to Reykjavik?