Cost of Living in Reykjavik
Average rent, food, transport, utilities, and salary data for Reykjavik, Iceland.
Overall, the cost of living in Reykjavik is below the New York City baseline (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%
Want the full comparison?
Compare Reykjavik to New York →
Compare Reykjavik to New York →