Iceland
Live cost-of-living data across 1 city in Iceland — average cost index 66/100 (New York = 100), ranging from 66 to 66. Sourced by AI, refreshed regularly.
Cost of living by city in Iceland
Ranked cheapest first. Cost index anchored to New York = 100.
Frequently asked questions
Is Iceland cheap to live in?
Across 1 cities in Iceland, the average cost-of-living index is 66 (New York = 100) — from 66 in Reykjavik to 66 in Reykjavik. It sits in the mid-to-upper range globally.
What is the cheapest city in Iceland?
Reykjavik is the most affordable city we track in Iceland, with a cost-of-living index of 66 (New York = 100) and a 1-bedroom city-center rent around $2,130/month.
Does Iceland have a digital nomad visa?
Yes. Iceland offers the Remote Work Visa, allowing stays of up to 6 months, with an application cost around $94. Always confirm current requirements with the official immigration portal.
How much does it cost to live in Iceland per month?
A single person can live comfortably in the cheaper cities of Iceland for roughly $1,320–$1,848/month. Costs scale up toward Reykjavik. See the full city-by-city breakdown above.
Compare Reykjavik with anywhere
Dig into any Iceland city, or see where your salary stretches furthest worldwide.