Comparison Table
| City | 1BR Center | 1BR Outside | Total Single | Total Family | vs Capital |
|---|---|---|---|---|---|
| Reykjavik | €1,700 | €1,190 | €2,638 | €4,760 | 100% |
| Kópavogur | €1,360 | €952 | €2,298 | €4,148 | 100% |
| Akureyri | €1,564 | €1,095 | €2,482 | €3,720 | 100% |
City Breakdown
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Frequently Asked Questions
How much does it cost to live in Iceland in 2026?
Cost of living in Iceland varies by city. See the comparison table above for detailed breakdowns of 3 major cities including rent, total monthly costs for singles and families.
What is the cheapest city in Iceland for expats?
Among the cities we track, costs vary significantly. Smaller cities and those outside the capital tend to be 20-40% cheaper.
Is Iceland affordable for immigrants?
Affordability depends on your income source and chosen city. Check our visa comparison page for minimum income requirements to qualify for different visa pathways.
How much rent should I expect in Iceland?
Rent is typically the largest expense. A 1-bedroom apartment in the capital city center costs €1,700 per month. Outside the center, expect to pay €1,190.
What currency does Iceland use?
Iceland uses ISK. All figures on this page are shown in EUR for easy comparison across countries.
Related: Iceland Guide · Visa Comparison · Salaries · Iceland for Software Engineers · Iceland for Nurses · Iceland for Teachers · All Countries