Reykjavik, Iceland

In 2022, a single person living in Reykjavik needs approximately ISK 344,520/month, covering rent, groceries, transport and utilities. A family of 3–4 typically spends around ISK 641,168/month. Reykjavik is considered a relatively expensive city by global standards.

A 1-bedroom apartment in Reykjavik costs approximately ISK 202,400/month in 2022. A 3-bedroom apartment runs around ISK 352,000/month.

Monthly grocery costs for one person in Reykjavik are approximately ISK 79,200 in 2022. This covers basic supermarket shopping including food and household essentials.

A monthly public transport pass in Reykjavik costs ISK 8,360 in 2022, covering unlimited bus, metro and tram travel within the city.

Monthly utility costs in Reykjavik average ISK 36,960 in 2022, covering electricity, heating/cooling, water and internet for a standard apartment.

Reykjavik is located in Iceland (Europe). With a 1-bed rent of ISK 202,400/month and total single-person expenses around ISK 344,520/month, it is relatively expensive by global standards.

A typical restaurant meal for one person in Reykjavik costs approximately ISK 2,200 in 2022. Budget around ISK 17,600/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 2022, a single person needs approximately ISK 344,520/month. This covers rent (ISK 202,400), groceries (ISK 79,200), transport (ISK 8,360), utilities (ISK 36,960) and dining out occasionally. A family of 3–4 should budget around ISK 641,168/month.