Cost of Living in Iceland
Average monthly living costs in Iceland come to roughly €2,145 for a single person — including €1,300 for a one-bedroom rental, €450 for food and €100 for utilities. Adjust every category below to match your lifestyle.
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Average monthly costs in Iceland
Housing (1-bed rent)
€1,300
Food & groceries
€450
Transport
€55
Utilities
€100
Entertainment
€200
Healthcare
€40
National averages for a single person — ≈ €2,145 per month in total.