Europe
Cost of living in Iceland
118%of US price level
Is Iceland expensive?
Prices in Iceland are about 118% of US price levels (World Bank PPP). The most affordable place we cover is Akureyri, at about $4,110–5,750 a month for a comfortable life.
Cost of living in Iceland, by place
One person, rent included. SoloSquare estimates in US$.
Cost of living by place
Sources
- World Bank: PPP conversion factor
- US State Department travel advisory
- Directorate of Immigration: visa services moved, long-term visa repealed (May 2026)
- Ísland.is: short-term residence permit
- EU Entry/Exit System (EES)
- Speedtest Global Index, Aug 2026
- Hopp Taxi
- Safetravel
- World Bank open data
Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.