Iceland
Cost of Living in Reykjavik
Monthly Total
$4,445
$77,788
Housing (1BR Mid-range)
$2,318
Daily Spend (ex. rent)
$71
Based on a typical lifestyle for international residents: 1BR furnished apartment, mix of cooking/eating out, rideshare transportation, moderate entertainment. Last updated: 3/31/2026.
Monthly Cost Breakdown
Housing (Rent)
1BR furnished apartment in mid-range neighborhood
$2,318
$40,565
Utilities
Electric, water, gas, and internet
$163
$2,853
Groceries
Groceries from supermarkets
$305
$5,338
Dining Out
Mix of casual restaurants, ~12 meals/month
$336
$5,880
Transportation
Rideshare (Uber/Didi), ~30 rides/month
$600
$10,500
Lifestyle & Entertainment
Entertainment, occasional cleaning service
$328
$5,740
Healthcare
Basic private health insurance
$349
$6,108
Phone & Subscriptions
Phone plan and streaming subscriptions
$46
$805
Monthly Total
$4,445
$77,788
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Living in Reykjavik
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