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Cost of Living and Inflation in Reykjavík: What do you need to know?

three local experts
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Here's what three local experts had to say about prices and the cost of living in Reykjavík.

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In Reykjavík you will have access to clean water and warm swimming pools. The houses are strong and warm. The weather is extremely fluctuating but mild, often windy with regular rain, without any temperature extremes. It is an expensive country but very safe with lots of space and interesting nature close by.

Thorsteinn, says: 2023

Reykjavík is an extremely expensive city, so it is imperative to have a certain extent of financial security to enjoy living here. The downtown area is fairly drab and does not quite resemble the bustle of a big city. Opportunities for work and professional development are sparse due to the fact that many fields do not exist here yet.

Prodhi, says: 2020

In general, the country is very expensive to live in. Apartment prices in Iceland are extremely lavish in Reykjavík mainly. Reykjavík has a big variety of consumer products. It is a small city with more than two thirds of the country’s population residing there.

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