Cost of Living in Iceland

"The cost of living in Iceland is generally higher than in other European countries. Prices for basic goods and services, such as food, housing, transportation, and utilities, are all more expensive than in many other countries. Eating out and entertainment can also be costly, and the cost of alcohol is particularly high. However, wages in Iceland are also higher than in many other countries, so the overall cost of living is still manageable," remarked one in Iceland.

"Living in Iceland can be more expensive than living in the United States in some areas, such as food and transportation. However, Iceland has a much lower cost of living overall, with lower taxes, cheaper housing, and lower healthcare costs. Additionally, Iceland has free education and free healthcare, which can help to offset the higher cost of living in other areas," remarked one in Iceland.

"The cost of housing in Iceland is generally quite high, with the average price of a one-bedroom apartment in Reykjavik being around €1,500 per month. Prices for larger apartments and houses can be significantly higher, depending on the location and size," said one person in Iceland.

"The rental price for a nice 1 bedroom apartment in Iceland can range from around $1,000 to $2,000 per month, while a nice 2 bedroom apartment can range from around $1,500 to $3,000 per month," remarked one expat in Iceland.

"Rental properties in Iceland typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a dishwasher, microwave, and other small kitchen appliances. Additionally, many properties come with basic furniture such as beds, couches, and tables," commented one expat who moved to Iceland.