Reykjavík, Reykjavík, Iceland · Population 138,772 · National capital
▲ +25% vs Iceland average
| Expense | Estimated cost | Basis |
|---|---|---|
| Meal at an inexpensive restaurant | kr2,018 ($14.63) | per meal |
| Three-course meal for two, mid-range | kr8,073 ($58.50) | per meal |
| Cappuccino | kr605 ($4.39) | each |
| Monthly groceries (single person) | kr45,747 ($332) | per month |
| Monthly public transport pass | kr7,400 ($53.63) | per month |
| Basic utilities for an 85m² apartment | kr19,510 ($141) | per month |
| Internet (60 Mbps, unlimited) | kr5,651 ($40.95) | per month |
| Fitness club membership | kr5,651 ($40.95) | per month |
| Cinema ticket | kr1,480 ($10.73) | each |
| One-bedroom apartment in city centre | kr121,163 ($878) | per month |
| One-bedroom apartment outside centre | kr84,287 ($611) | per month |
| Three-bedroom apartment in city centre | kr252,861 ($1,832) | per month |
The estimated average net salary in Reykjavík is kr645,840 ($4,680) per month. To live comfortably — covering the full single-person budget of kr218,837 ($1,586) with about 30% left over for savings — you would need a net income of roughly kr284,488 ($2,062) per month.
Housing takes the largest share: rent for a one-bedroom outside the centre (kr84,287 ($611)) represents about 39% of the total single-person budget.
4 km away · Kópavogur
6 km away · Garðabær
9 km away · Hafnarfjörður
34 km away · Reykjanesbær
44 km away · Borgarbyggð
51 km away · Sveitarfélagið Árborg
208 km away · Skagafjörður
222 km away · Ísafjarðarbær
Reykjavík is the capital and one of the key cities in Iceland. The estimated monthly cost of living for a single person is kr218,837 ($1,586), placing it above the national average. Housing represents the largest expense, with a one-bedroom apartment outside the city centre costing around kr84,287 ($611) per month.
For families, the estimated budget rises to kr523,845 ($3,796) per month, driven mainly by larger housing needs and increased food and transport spending. Couples can expect to spend approximately kr397,957 ($2,884) monthly.
The average estimated net salary in Reykjavík is kr645,840 ($4,680). To maintain a comfortable lifestyle with room for savings, a single person typically needs a net income of at least kr284,488 ($2,062) per month.