Reykjavik, Iceland

In 2026, a single person living in Reykjavik needs approximately ISK 433,235/month, covering rent, groceries, transport and utilities. A family of 3–4 typically spends around ISK 806,272/month. Reykjavik is considered a relatively expensive city by global standards.

A 1-bedroom apartment in Reykjavik costs approximately ISK 254,519/month in 2026. A 3-bedroom apartment runs around ISK 442,642/month. Rent has changed +4.2% vs 2025.

Monthly grocery costs for one person in Reykjavik are approximately ISK 99,594 in 2026. This covers basic supermarket shopping including food and household essentials.

A monthly public transport pass in Reykjavik costs ISK 10,513 in 2026, covering unlimited bus, metro and tram travel within the city.

Monthly utility costs in Reykjavik average ISK 46,477 in 2026, covering electricity, heating/cooling, water and internet for a standard apartment.

Reykjavik is located in Iceland (Europe). With a 1-bed rent of ISK 254,519/month and total single-person expenses around ISK 433,235/month, it is relatively expensive by global standards.

A typical restaurant meal for one person in Reykjavik costs approximately ISK 2,767 in 2026. Budget around ISK 22,132/month if dining out a few times a week.

LifeIndexed tracks cost of living data for Reykjavik from 2022 to 2026. 1-bed rent has increased by 25.8% over this period (from ISK 202,400 in 2022 to ISK 254,519 in 2026). Use the year tabs above to compare costs across years.

To live comfortably in Reykjavik in 2026, a single person needs approximately ISK 433,235/month. This covers rent (ISK 254,519), groceries (ISK 99,594), transport (ISK 10,513), utilities (ISK 46,477) and dining out occasionally. A family of 3–4 should budget around ISK 806,272/month.