Reykjavik, Iceland

In 2023, a single person living in Reykjavik needs approximately ISK 368,010/month, covering rent, groceries, transport and utilities. A family of 3–4 typically spends around ISK 684,884/month. Reykjavik is considered a relatively expensive city by global standards.

A 1-bedroom apartment in Reykjavik costs approximately ISK 216,200/month in 2023. A 3-bedroom apartment runs around ISK 376,000/month. Rent has changed +6.8% vs 2022.

Monthly grocery costs for one person in Reykjavik are approximately ISK 84,600 in 2023. This covers basic supermarket shopping including food and household essentials.

A monthly public transport pass in Reykjavik costs ISK 8,930 in 2023, covering unlimited bus, metro and tram travel within the city.

Monthly utility costs in Reykjavik average ISK 39,480 in 2023, covering electricity, heating/cooling, water and internet for a standard apartment.

Reykjavik is located in Iceland (Europe). With a 1-bed rent of ISK 216,200/month and total single-person expenses around ISK 368,010/month, it is relatively expensive by global standards.

A typical restaurant meal for one person in Reykjavik costs approximately ISK 2,350 in 2023. Budget around ISK 18,800/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 2023, a single person needs approximately ISK 368,010/month. This covers rent (ISK 216,200), groceries (ISK 84,600), transport (ISK 8,930), utilities (ISK 39,480) and dining out occasionally. A family of 3–4 should budget around ISK 684,884/month.