Reykjavik, Iceland
Live cost-of-living data for Reykjavik — rent, groceries, transport, healthcare and more, sourced and cross-checked by AI and refreshed regularly.
Cost Breakdown by Category
Each score runs 0–100, where higher means pricier. Representative prices shown per category.
Digital Nomad Profile
Best neighborhoods: 101 Reykjavik, Ratartunga, Byggunni
Frequently Asked Questions
Is Reykjavik cheap to live in?
Reykjavik has a cost of living index of 50/100, where New York = 100. It is 50% cheaper than New York. A single person can live comfortably for approximately $1,780–$2,492 per month.
How much does rent cost in Reykjavik?
A 1-bedroom apartment in the city center of Reykjavik costs approximately $2,222/month. Outside the center, expect to pay around $1,861/month.
Is Reykjavik good for digital nomads?
Reykjavik has a growing digital nomad community. Average internet speed is 95 Mbps, café wifi reliability is excellent, and coworking spaces run about $250/month. English proficiency is high.
What is the average salary in Reykjavik?
The median net monthly salary in Reykjavik is approximately $4,652 USD. The income tax rate is around 31.49%.
How does Reykjavik compare to New York for cost of living?
Reykjavik (cost index 50) is 50% cheaper than New York (cost index 100). You could save roughly $1,250/month by moving from New York to Reykjavik.
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