Summary of The Cost of Living in Capital Region, Iceland
• The average monthly cost of living for a single person in Capital Region is $3,459.00 including rent, or $1,709.00 excluding rent.
• The average monthly cost of living for a couple (2 adults) in Capital Region is $4,683.10 including rent, or $2,933.10 excluding rent.
• The average monthly cost of living for a family of four (2 adults + 2 children) in Capital Region is $6,507.60 including rent, or $4,232.60 excluding rent.
• The average yearly cost of living in Capital Region ranges from $41,508.00 for a single person to $56,197.20 for a couple, and $78,091.20 for a family of four, including rent. Excluding rent, the yearly range is $20,508.00 for a single person to $35,197.20 for a couple, and $50,791.20 for a family of four.
• For budget-conscious living in Capital Region, baseline monthly expenses range from $2,292.00 for a single person to $3,037.60 for a couple, and $4,225.20 for a family of four, including rent. Excluding rent, the range is $992.00 for a single person to $1,737.60 for a couple, and $2,535.20 for a family of four.
• For comfortable/luxury living in Capital Region, estimated monthly expenses range from $6,050.00 for a single person to $8,492.50 for a couple, and $11,792.50 for a family of four, including rent. Excluding rent, the range is $3,550.00 for a single person to $5,992.50 for a couple, and $8,542.50 for a family of four.
• The average monthly salary for a person in Capital Region is $5,050.00, which is 195.5% more than the average monthly cost of living and 409.1% more than the budget cost of living for a single person, excluding rent.
Cost of Living Details
| Category | Subcategory | Description | Cost Range (Monthly) |
|---|---|---|---|
| Monthly rent for your primary residence (apartments, houses, condos) | |||
| Monthly electricity bill | |||
| Monthly running water bill | |||
| Monthly broadband internet subscription with unlimited data and cable TV | |||
| Monthly gas and heating expenses | |||
| Monthly mobile phone plan with data and calling | |||
| Monthly food and grocery expenses | |||
| Monthly expenses for basic household supplies and personal hygiene items (toiletries, cleaning supplies, and paper products) | |||
| Monthly transportation costs (public transit, vehicle ownership, or ride-sharing) | |||
| Monthly expenses for movies, coffee, drinks, and social activities (excluding shopping & dining) | |||
| Monthly expenses for clothing, shoes, and accessories | |||
| Monthly health insurance cost | |||
| Monthly prescription medications and pharmacy expenses | |||
| Monthly doctor visits and dental care expenses | |||
| Monthly gym membership | |||
| Monthly expenses for laundry and housekeeping services | |||
| Monthly expenses for food and basic care per pet (grooming, veterinary visits, treats, and medications) | |||
| Monthly childcare and school fees | |||
| Total (selected items only) | |||
Expense Distribution
Salary Info
| Category | Subcategory | Description | Salary Range (Monthly) |
|---|---|---|---|
| Salary | Salary | Monthly salary (full-time) |