FINANCIAL PLANNING
Cost of Living in Iceland
Compare your current expenses with real Icelandic prices. Plan your budget with verified, up-to-date data across housing, food, transport, and more.
Plan Your Budget
Understanding the cost of living is one of the most important steps in planning your move to Iceland. Use our interactive calculator below to enter your current expenses and see how they compare.
398,000 kr
Estimated monthly cost
9
Expense categories
26
Tracked items
Compare Your Expenses
Configure your situation below, then enter what you currently pay to see how Iceland compares.
1 USD ≈ 138 kr · Rates as of 2026-02-25
Your Situation
Your Iceland Budget
Based on single, 1br center, public transit
363,000 kr / month
Compare with Your Current Expenses
Enter what you pay now per category to see the difference.
Enter your expenses above to compare.
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Our Methodology
Prices are sourced from official Icelandic statistics (Hagstofa Íslands), government publications, and verified market data. Our team reviews and updates prices regularly to ensure accuracy.
Housing costs reflect current rental listings in the Reykjavik capital area. Grocery and dining prices are based on average retail prices across major supermarket chains and restaurants.
Exchange rates are updated periodically and may not reflect real-time market rates. For the most accurate conversion, check your bank's current rates before making financial decisions.
Stay Updated on Iceland Costs
Get notified when prices change significantly. We track housing, groceries, and utilities so you can plan ahead.
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