Cost of Living in Iceland
Average rent, food, transport, utilities, and salary data for Iceland, based on 1 city in our dataset.
Overall, the cost of living in Iceland is significantly above the global average (composite index 66 vs. a New York City baseline of 100). These are representative estimates, not live pricing — see our methodology.
Rent index (NYC=100)84
Groceries index71
Dining out index67
Transport index50
Utilities index60
Median annual salary$58,000
Minimum wageNo statutory minimum
Est. monthly childcare$400
Est. monthly healthcare premium$40
YoY inflation4.0%
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