Reykjavik, Iceland

In 2025, a single person living in Reykjavik needs approximately ISK 415,773/month, covering rent, groceries, transport and utilities. A family of 3–4 typically spends around ISK 773,773/month. Reykjavik is considered a relatively expensive city by global standards.

A 1-bedroom apartment in Reykjavik costs approximately ISK 244,260/month in 2025. A 3-bedroom apartment runs around ISK 424,800/month. Rent has changed +6.2% vs 2024.

Monthly grocery costs for one person in Reykjavik are approximately ISK 95,580 in 2025. This covers basic supermarket shopping including food and household essentials.

A monthly public transport pass in Reykjavik costs ISK 10,089 in 2025, covering unlimited bus, metro and tram travel within the city.

Monthly utility costs in Reykjavik average ISK 44,604 in 2025, covering electricity, heating/cooling, water and internet for a standard apartment.

Reykjavik is located in Iceland (Europe). With a 1-bed rent of ISK 244,260/month and total single-person expenses around ISK 415,773/month, it is relatively expensive by global standards.

A typical restaurant meal for one person in Reykjavik costs approximately ISK 2,655 in 2025. Budget around ISK 21,240/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 2025, a single person needs approximately ISK 415,773/month. This covers rent (ISK 244,260), groceries (ISK 95,580), transport (ISK 10,089), utilities (ISK 44,604) and dining out occasionally. A family of 3–4 should budget around ISK 773,773/month.