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Are you considering a move to Keflavik, Iceland, and wondering about the cost of living? Keflavik 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 Keflavik and help you understand whether $3186 per month is moderately priced, given the average monthly salary of $3169.59.
Restaurants |
Price |
World Range |
|---|---|---|
|
Meal, Inexpensive Restaurant |
19.75 $ |
|
|
Meal for 2 People, Mid-range Restaurant, Three-course |
122.09 $ |
|
|
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) |
2.84 $ |
|
|
Water (12 oz small bottle) |
2.09 $ |
|
Markets |
Price |
World Range |
|---|---|---|
|
Milk (regular), (1 gallon) |
1.59 $ |
|
|
Loaf of Fresh White Bread (1 lb) |
3.63 $ |
|
|
Rice (white), (1 lb) |
3.24 $ |
|
|
Eggs (regular) (12) |
5.95 $ |
|
|
Local Cheese (1 lb) |
15.16 $ |
|
|
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) |
2.23 $ |
|
|
Bottle of Wine (Mid-Range) |
14.36 $ |
|
|
Domestic Beer (0.5 liter bottle) |
3.05 $ |
|
|
Imported Beer (12 oz small bottle) |
2.5 $ |
|
|
Cigarettes 20 Pack (Marlboro) |
10.73 $ |
|
Transportation |
Price |
World Range |
|---|---|---|
|
One-way Ticket (Local Transport) |
-- |
|
|
Monthly Pass (Regular Price) |
80.08 $ |
|
|
Taxi Start (Normal Tariff) |
5.24 $ |
|
|
Taxi 1 mile (Normal Tariff) |
2.33 $ |
|
|
Taxi 1hour Waiting (Normal Tariff) |
67.22 $ |
|
|
Gasoline (1 gallon) |
2.15 $ |
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
41582.88 $ |
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
43061.62 $ |
|
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) |
61.63 $ |
|
Sports And Leisure |
Price |
World Range |
|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
57.45 $ |
|
|
Tennis Court Rent (1 Hour on Weekend) |
30.42 $ |
|
|
Cinema, International Release, 1 Seat |
13.29 $ |
|
Childcare |
Price |
World Range |
|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
245.37 $ |
|
|
International Primary School, Yearly for 1 Child |
5972.9 $ |
|
Clothing And Shoes |
Price |
World Range |
|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
100.38 $ |
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
41.94 $ |
|
|
1 Pair of Nike Running Shoes (Mid-Range) |
139.0 $ |
|
|
1 Pair of Men Leather Business Shoes |
177.29 $ |
|
Rent Per Month |
Price |
World Range |
|---|---|---|
|
Apartment (1 bedroom) in City Centre |
1185.0 $ |
|
|
Apartment (1 bedroom) Outside of Centre |
957.58 $ |
|
|
Apartment (3 bedrooms) in City Centre |
1735.61 $ |
|
|
Apartment (3 bedrooms) Outside of Centre |
1328.64 $ |
|
Buy Apartment Price |
Price |
World Range |
|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
2800.92 $ |
|
|
Price per Square Feet to Buy Apartment Outside of Centre |
2010.92 $ |
|
Salaries And Financing |
Price |
World Range |
|---|---|---|
|
Average Monthly Net Salary (After Tax) |
3169.59 $ |
|
|
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 19.75 USD, while a three-course dinner for two at a mid-range restaurant generally costs 122.09 USD.
Basic grocery prices are accessible for most essentials. For instance, a gallon of milk costs about 1.59 USD, a loaf of bread 3.63 USD, and a dozen eggs approximately 5.95 USD.
Public transport is relatively affordable, with a single trip priced at about None USD and a monthly pass around 80.08 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 57.45 USD, while an hour on a tennis court on weekends costs about 30.42 USD.
Families looking for private childcare services will find that a month at a local preschool or kindergarten costs around 245.37 USD. For international schooling options, annual tuition can reach approximately 5972.9 USD.
Clothing and shoe prices vary widely. A pair of Levi's 501 jeans, for example, costs about 100.38 USD, and mid-range Nike sneakers are priced around 139.0 USD.
Rental prices depend on location, with a one-bedroom apartment in the city center averaging 1185.0 USD per month, while one outside the center costs around 957.58 USD.
If you're considering buying property, prices per square foot vary as well. In central areas, the price per square foot is roughly 2800.92 USD, while in the suburbs, it's closer to 2010.92 USD.
The average monthly net salary here is about 3169.59 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 Keflavik come to a total of approximately $3186. This includes an average monthly rent of around $1185 for a one-bedroom apartment in the city center, along with utilities costing about $71 per month. Additionally, other expenses such as groceries, transportation, dining out, and leisure activities for one person amount to approximately $1147 per month.
Living in Keflavik appears to be relatively budget-friendly when considering the average monthly income of $3169.59. However, to enjoy a comfortable standard of living in Keflavik, you would likely need an income exceeding $3169.59.
In Keflavik, the average monthly post-tax salary hovers around $3169.59, 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 Keflavik is approximately $1185. If you're open to living in a location outside the city center, you can expect to pay around $957.58 for such an apartment.
The expense for groceries in Keflavik can fluctuate based on personal choices and shopping patterns. Typically, an individual can budget around $847 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.
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 37°F | 37°F | 38°F | 42°F | 48°F | 53°F | 56°F | 55°F | 50°F | 44°F | 40°F | 37°F |
| Temp | 33°F | 33°F | 34°F | 38°F | 44°F | 49°F | 52°F | 51°F | 47°F | 41°F | 37°F | 34°F |
| Low | 29°F | 30°F | 30°F | 34°F | 40°F | 45°F | 48°F | 47°F | 43°F | 37°F | 33°F | 30°F |
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 2°C | 2°C | 3°C | 5°C | 8°C | 11°C | 13°C | 12°C | 10°C | 6°C | 4°C | 2°C |
| Temp | 0°C | 0°C | 1°C | 3°C | 6°C | 9°C | 11°C | 10°C | 8°C | 5°C | 2°C | 1°C |
| Low | -1°C | -1°C | -1°C | 1°C | 4°C | 7°C | 8°C | 8°C | 6°C | 2°C | 0°C | -1°C |