Cost of Living in Keflavik
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Iceland

Cost of Living in Keflavik

Southern Peninsula Region

Last updated:April 19, 2026

Groceries

Apples 1kg
$2.28
Bananas 1kg
$2.28
Beef 1kg
$40.30
Bread 500g
$3.96
Chicken Breast 1kg
$22.18
Cigarettes (20 pack)
$12.92
Domestic Beer 500mL
$3.43
Eggs (12)
$5.92
Imported Beer 330mL
$2.66
lettuce
Lettuce 1kg
$3.16
Local Cheese 1kg
$16.72
Milk 1L
$1.76
onion
Onions 1kg
$1.96
Oranges 1kg
$2.28
Potatoes 1kg
$2.96
Rice 1kg
$2.28
Tomatoes 1kg
$3.80
Water 1.5L
$2.15
Wine Bottle
$15.20

Restaurants & Dining

Beer
$7.60
Coffee
$3.80
Inexpensive Meal
$20.90
Mid-Range Meal
$136.80
Soda (Restaurant)
$3.04
Water
$2.49

Housing & Accommodation

1 Bedroom Apartment (City Center)
$1,747.99
1 Bedroom Apartment (Outside Center)
$1,253.99
3 Bedrooms Apartment (City Center)
$2,317.98
3 Bedrooms Apartment (Outside Center)
$1,899.98

Transportation

Gasoline 1L
$2.37
Monthly Pass
$70.68
Taxi (per km)
$2.38
Taxi Start
$5.89
Taxi Waiting (1 hour)
$80.71

Utilities

Basic Utilities 85m²
$81.12
Internet
$75.23
Phone Plan
$25.94

Entertainment

cinema
Cinema
$16.64

Clothing & Shoesclothing

Dress
$60.79
Jeans
$135.27
Leather Shoes
$177.33
sneakers
Sneakers
$170.75

Education

International School
$28,456.41
Preschool
$289.39

Other Expenses

Average Salary
$3,495.97

Total Monthly Cost

$4,560

Overview

Airbnb Rent
$3,234

Median rent based on analysis of 21 apartments in April

Minimum$1,598
Maximum$4,700
Groceries
$537
Food Outside
$600
Base Cost
$189
Data Sources
Numbeo

Cost Trends

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