Updated:
Are you considering a move to Grundarfjordur, Iceland, and wondering about the cost of living? Grundarfjordur is a diverse city with a lot to offer, but like any city, it comes with its own set of expenses. In this page, we'll break down the cost of living in Grundarfjordur and help you understand whether $1841 per month is moderately priced, given the average monthly salary of $None.
Restaurants |
Price |
World Range |
|---|---|---|
|
Meal, Inexpensive Restaurant |
21.55 $ |
|
|
Meal for 2 People, Mid-range Restaurant, Three-course |
129.27 $ |
|
|
McMeal at McDonalds (or Equivalent Combo Meal) |
15.05 $ |
|
|
Domestic Beer (1 pint draught) |
7.54 $ |
|
|
Imported Beer (12 oz small bottle) |
7.18 $ |
|
|
Cappuccino (regular) |
3.56 $ |
|
|
Coke/Pepsi (12 oz small bottle) |
2.87 $ |
|
|
Water (12 oz small bottle) |
-- |
|
Markets |
Price |
World Range |
|---|---|---|
|
Milk (regular), (1 gallon) |
1.95 $ |
|
|
Loaf of Fresh White Bread (1 lb) |
4.91 $ |
|
|
Rice (white), (1 lb) |
4.07 $ |
|
|
Eggs (regular) (12) |
6.46 $ |
|
|
Local Cheese (1 lb) |
15.89 $ |
|
|
Chicken Fillets (1 lb) |
18.89 $ |
|
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
28.73 $ |
|
|
Apples (1 lb) |
2.01 $ |
|
|
Banana (1 lb) |
2.01 $ |
|
|
Oranges (1 lb) |
2.15 $ |
|
|
Tomato (1 lb) |
3.3 $ |
|
|
Potato (1 lb) |
2.37 $ |
|
|
Onion (1 lb) |
1.32 $ |
|
|
Lettuce (1 head) |
2.77 $ |
|
|
Water (1.5 liter bottle) |
2.65 $ |
|
|
Bottle of Wine (Mid-Range) |
14.36 $ |
|
|
Domestic Beer (0.5 liter bottle) |
3.39 $ |
|
|
Imported Beer (12 oz small bottle) |
2.87 $ |
|
|
Cigarettes 20 Pack (Marlboro) |
10.73 $ |
|
Transportation |
Price |
World Range |
|---|---|---|
|
One-way Ticket (Local Transport) |
-- |
|
|
Monthly Pass (Regular Price) |
-- |
|
|
Taxi Start (Normal Tariff) |
5.67 $ |
|
|
Taxi 1 mile (Normal Tariff) |
2.33 $ |
|
|
Taxi 1hour Waiting (Normal Tariff) |
-- |
|
|
Gasoline (1 gallon) |
2.15 $ |
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
-- |
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
-- |
|
Utilities (Monthly) |
Price |
World Range |
|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
40.7 $ |
|
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
-- |
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
64.64 $ |
|
Sports And Leisure |
Price |
World Range |
|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
-- |
|
|
Tennis Court Rent (1 Hour on Weekend) |
-- |
|
|
Cinema, International Release, 1 Seat |
13.29 $ |
|
Childcare |
Price |
World Range |
|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
359.09 $ |
|
|
International Primary School, Yearly for 1 Child |
-- |
|
Clothing And Shoes |
Price |
World Range |
|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
203.49 $ |
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
50.27 $ |
|
|
1 Pair of Nike Running Shoes (Mid-Range) |
179.55 $ |
|
|
1 Pair of Men Leather Business Shoes |
184.33 $ |
|
Rent Per Month |
Price |
World Range |
|---|---|---|
|
Apartment (1 bedroom) in City Centre |
-- |
|
|
Apartment (1 bedroom) Outside of Centre |
-- |
|
|
Apartment (3 bedrooms) in City Centre |
-- |
|
|
Apartment (3 bedrooms) Outside of Centre |
-- |
|
Buy Apartment Price |
Price |
World Range |
|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
1085.43 $ |
|
|
Price per Square Feet to Buy Apartment Outside of Centre |
1085.43 $ |
|
Salaries And Financing |
Price |
World Range |
|---|---|---|
|
Average Monthly Net Salary (After Tax) |
-- |
|
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
5.38 % |
|
The cost of dining varies with the type of establishment. A meal at an affordable restaurant averages around 21.55 USD, while a three-course dinner for two at a mid-range restaurant generally costs 129.27 USD.
Basic grocery prices are accessible for most essentials. For instance, a gallon of milk costs about 1.95 USD, a loaf of bread 4.91 USD, and a dozen eggs approximately 6.46 USD.
Public transport is relatively affordable, with a single trip priced at about None USD and a monthly pass around None USD. If you plan to use public transit regularly, these passes offer great value.
For an 85 m² apartment, monthly utility bills—including electricity, heating, water, and waste services—average around 40.7 USD.
For those interested in fitness and leisure, a monthly gym membership averages around None USD, while an hour on a tennis court on weekends costs about None USD.
Families looking for private childcare services will find that a month at a local preschool or kindergarten costs around 359.09 USD. For international schooling options, annual tuition can reach approximately None USD.
Clothing and shoe prices vary widely. A pair of Levi's 501 jeans, for example, costs about 203.49 USD, and mid-range Nike sneakers are priced around 179.55 USD.
Rental prices depend on location, with a one-bedroom apartment in the city center averaging None USD per month, while one outside the center costs around None USD.
If you're considering buying property, prices per square foot vary as well. In central areas, the price per square foot is roughly 1085.43 USD, while in the suburbs, it's closer to 1085.43 USD.
The average monthly net salary here is about None USD after taxes, and mortgage interest rates for a 20-year fixed-rate loan average around 5.38% annually.
The monthly expenses for living in Grundarfjordur come to a total of approximately $1841. This includes an average monthly rent of around $0 for a one-bedroom apartment in the city center, along with utilities costing about $73 per month. Additionally, other expenses such as groceries, transportation, dining out, and leisure activities for one person amount to approximately $1045 per month.
Living in Grundarfjordur appears to be relatively budget-friendly when considering the average monthly income of $None. However, to enjoy a comfortable standard of living in Grundarfjordur, you would likely need an income exceeding $None.
In Grundarfjordur, the average monthly post-tax salary hovers around $None, and it isn't tied to any particular skillset or qualification.
The typical monthly rent for a one-bedroom apartment in the central area of Grundarfjordur is approximately $0. If you're open to living in a location outside the city center, you can expect to pay around $None for such an apartment.
The expense for groceries in Grundarfjordur can fluctuate based on personal choices and shopping patterns. Typically, an individual can budget around $870 per month for groceries. Nevertheless, the actual costs may change depending on various factors, including the specific items bought, the choice of stores, and the availability of discounts or special offers.
The cost of living in Iceland can vary significantly depending on the particular city you have in mind. Using a nationwide average might not provide accurate information. To get a more precise understanding, it's crucial to examine the cost of living in various cities throughout Iceland.