Cost of Living in Reykjavik

This page summarises typical cost of living in Reykjavik, Iceland, expressed in ISK. A single person can expect to budget around 379,000 ISK per month before rent-driven variation, with an affordability score of 38/100 (higher means more affordable). On that scale Reykjavik is expensive relative to other cities in the dataset. These are deterministic planning estimates derived from a country cost baseline adjusted for the city's affordability and size — they are not live market prices, not a ranking, and should be verified against current local sources before relocation or travel decisions.

Currency: ISK. Data year 2025; last updated 2026-05-16.

Reykjavik has an affordability score of 38/100, which places it in the expensive range relative to other indexed cities. Because every city profile uses the same scale, this score is the most reliable cross-city comparison — local-currency totals above are not directly comparable between countries.

In Reykjavik a single-person monthly budget is around 379,000 ISK and a one-bedroom rent around 201,000 ISK. Use the affordability score (38/100) to compare across countries, since amounts are shown in each city's local currency.

• Cost of living in Västerås — affordability 58/100
• Cost of living in Borås — affordability 60/100
• Cost of living in Eskilstuna — affordability 62/100