Rent Prices in Iceland are 5.19% higher than in United States. 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. Other comparisons United States vs Iceland: Copyright © 2009-2020 Numbeo. How much things cost in Iceland . Living in Iceland . the Renting average cost is usually around € 300 or USD 350 if it is a shared rental. Moving to Iceland – Cost of Living in Reykjavik. 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. While Iceland is a remote island in the North Atlantic, many things have to be imported, which can obviously elevate prices. Expats in Iceland can budget a minimum of KR 11,000 or USD 100 to cover their electricity, heating and water consumption. Breakdown of prices in Vienna, Austria for housing, food, transportation, going out for December 2020. Besides being a major industrial and political center, Reykjavik hosts lots of cultural events and business meetings. Compare Countries Resulting total will appear in a floating box in the bottom of your screen. The average salary of 410,000 ISK per month (approximately 3300 USD) puts Iceland’s figures among the highest salaries in Europe. Of course, 100.000 ISK will get you a rather small one bedroom in the 101 postcode, but that's a pretty good deal! 37.3 % 1 January 2017 Marshall Islands: US$2.00 per hour for government and private sector employees. Ubud has a growing startup scene and as of 2016 was vying with Thailand and Vietnam for this crowd of expats. 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. 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. PortuguêsCusto de Vida na Islândia Standard haircut in downtown – 4.800 ISK. Soup at Black Beach Restaurant in Vik: 1,572 ISK or $14.84 USD. As … €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. 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. 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. Cost of living in European cities The dot shows current cost of living, and the green line the change since 2008. Vik. Privacy Policy, Copyright © 2009-2020 Numbeo. Pie and coffee at Kaffi Emil: 1,200 ISK or $11.27 USD. The first 53.895 ISK (504 USD/ 433 EUR) each month are tax-excempt. DeutschLebenshaltungskosten in Island Cup of coffee at Seljalandsfoss Shop: 450 ISK or $4.22 USD. A single person costs: $2,700 per month. There are single rooms that can go for 70,000ISK. 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. USD: 111-622. ... For example, a monthly transit pass in Dublin will cost you 134 Euros (around $155 USD). The rental market in Iceland is tough. 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. Pie and coffee at Kaffi Emil: 1,200 ISK or $11.27 USD. 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 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. As in any country, the price of a house varies according to the location, type of house, size, year of construction, etc. The cost of riding the bus, one-way, is 280 ISK. A single traveler costs: $4,243 per month. Copyright © 2009-2020 Numbeo. Do you live in United States? For comparable figures for families check this website. If it is the entire apartment, then it can be around € 700-2100 / USD 825 – 2480 per month. Coffee costs: $3.91. How much things cost in Iceland . The Cost of Living in Thailand. However, in Iceland, this is going to cost you. Standard haircut in downtown – 4.800 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. Coffee costs: $3.65. Rather, the biggest contributor to costs in Iceland is the country’s high standard of living. Terms of Use and 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). 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). You’re headed to Iceland! The average salary of 410,000 ISK per month (approximately 3300 USD) puts Iceland’s figures among the highest salaries in Europe. > Currency: Indonesian Rupiah; pegged roughly 1 : 14,000 with the US dollar (IDR rate here). Below you can see some additional examples of prices to know before moving to Iceland: Bread for 2 people for 1 day – 335 ISK. Vik Campsite. Now that you’ve familiarized yourself with some of Iceland’s food costs, plug these figures into your budget and pack your bags. Now that you’ve familiarized yourself with some of Iceland’s food costs, plug these figures into your budget and pack your bags. Cost of Living in Reykjavik, Iceland The largest city in Iceland, the capital Reykjavik is home for more than 120 thousand people. 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. A lot. From volcanoes and rivers to botanical gardens, the landscapes are stunning and worth seeing with own eyes. The University of Iceland in Reykjavik is the main institution for both local and international students. The Cost of Living in Reykjavik is very high. 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. 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). 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. Breakdown of prices in Reykjavik, Iceland for housing, food, transportation, going out for December 2020. 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. The consumer price index excludes the cost of housing. Cup of coffee at Seljalandsfoss Shop: 450 ISK or $4.22 USD. In fact, the cost of living is equivalent to living in some of the more expensive cities in the United States. The costs of living of all countries within the EU are lower than in 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. Rent in Iceland is, on average, 5.20% higher than in United States. In 2018, the prices were slightly higher: ISK 15.550 ISK – 53.000 / EUR 125 – 426. Sometimes there is nothing better after a long day spent outside enjoying stunning natural scenery than a nice, cold beer. 1 liter of milk – 176 ISK. 100=the cost of living in New York. In 2018, the prices were slightly higher: ISK 15.550 ISK – 53.000 / EUR 125 – 426. Your use of this service is subject to our If you’re looking for a studio or one bedroom apartment, the going rates could be shocking. Cost of Living The disparity between East and West Europe remains great, reaching over 50 percent. Rent in Iceland is, on average, 5.19% higher than in United States. > Bouncing back from 2008 Seljalandsfoss. Tell us your opinion about health care in Clifton, NJ. The costs of living of all countries within the EU are lower than in Iceland. Cost of Living in Iceland Iceland is a very special country with unique and unforgettable nature, great destinations, and famous architecture. It’s very, very expensive to live in Iceland. The first 53.895 ISK (504 USD/ 433 EUR) each month are tax-excempt. 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). 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. Privacy Policy. Monthly rent costs: $853 per month. In Iceland, the average pre-tax income is about $60,000, with a median income of about $47,000. Moving to Iceland – Cost of Living in Reykjavik. The disparity between East and West Europe remains great, reaching over 50 percent. Would you like to live and work in Iceland? United States vs Iceland. 1 USD= 122.033 ISK Iceland has never been a cheap travel destination, and is unlikely to ever be. 40 5.3: 6.8. 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). 11,019: 14,152. the Renting average cost is usually around € 300 or USD 350 if it is a shared rental. It’s not easy to secure an affordable room in central Reykjavik. If it is the entire apartment, then it can be around € 700-2100 / USD 825 – 2480 per month. 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 … The waterfall has a 700 ISK ($6.49) parking fee. How does the cost of living in Iceland compare? 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 Vik campsite … 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). Vienna is 50% cheaper than New York City. 1 liter of milk – 176 ISK. It’s not easy to secure an affordable room in central Reykjavik. At today's rate, 100.000 ISK is around $750. Your use of this service is subject to our. A family costs: $4,277 per month. Sports > Fitness club/gym > Cost per month for adult: Fitness Club, Monthly Fee for 1 Adult. The consumer price index excludes the cost of housing. Soup at Black Beach Restaurant in Vik: 1,572 ISK or $14.84 USD. 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. Local Purchasing Power in Iceland is 31.27% lower than in United States. Groceries Prices in Iceland are 28.03% higher than in United States. ItalianoCosto della Vita in Islanda There are single rooms that can go for 70,000ISK. Iceland Trip Cost: Entertainment. This country had 2081 entries in the past 12 months by 234 different contributors. A single traveler costs: $3,040 per month. In New York City, a monthly MetroCard costs less than $120, and NYC is one of the most expensive cities in the world. Bouncing back from 2008 As you can see the prices vary quite a lot. 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. 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. FrançaisCoût de la Vie en Islande 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. A basket costing USD$1,000 in New York costs USD$1230. Total cost of living in Iceland for two person with average consumption for one month will be $ 2062, no rent price included. 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. 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. Living in Iceland . 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. You’re headed to Iceland! 500 gr of cheese – 923 ISK. Here is the website of Statistics Iceland that shows average household expenditure. A single person costs: $1,835 per month. Expect to pay between 100.000 to 120.000 ISK for a flat in central Reykjavik. Monthly rent costs: $1,174 per month. 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. As in any country, the price of a house varies according to the location, type of house, size, year of construction, etc. 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. Comparisons improve with every new data that you enter. Terms of Use and EspañolCosto de Vida en Islandia, Copyright © 2009-2020 Numbeo. But the krona's exchange rate has weakened somewhat in recent years. If rent index is included in the figure, Iceland figures as the world’s ninth most expensive country. 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. 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). Your use of this service is subject to our Reykjavik is 27% cheaper than New York City. A family costs: $5,518 per month. If rent index is included in the figure, Iceland figures as the world’s ninth most expensive country. 500 gr of cheese – 923 ISK. A litre of milk in Reykjavik will cost you £1.10 (154 ISK). The rental market in Iceland is tough. Restaurant Prices in Iceland are 54.56% higher than in United States. It’s very, very expensive to live in Iceland. 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