🇮🇸 Europe — Schengen
Reykjavik, Iceland
Europe — Schengen ✓ Live Numbeo data See Iceland country profile →
Very high cost; tiny, remote market; dramatic seasonal daylight swings
Climate
Rainfall, humidity, and the best months to visit: see the full Reykjavik climate profile →
Internet speeds
Measured medians from 8,668 real speedtests within 10 km of the city center (Q1 2026) — not advertised ISP numbers.
| Download | Upload | Latency | Tests | |
|---|---|---|---|---|
| Fixed broadband | 393 Mbps | 329 Mbps | 3 ms | 8,065 |
| Mobile | 222 Mbps | 28.2 Mbps | 16 ms | 603 |
Speedtest® by Ookla Global Fixed and Mobile Network Performance Maps, © Ookla. Accessed 2026-07-18. Your building's wiring and ISP plan matter more than the city median. Compare all cities in the Internet Speed Explorer →
Cost of living breakdown
USD converted from local prices at baseline rates (1 USD = 124.55 ISK, 2026-06-16). Use the Cost of Living Explorer for live exchange rates.
| 💰 Monthly budgets | USD | Local |
|---|---|---|
| Individual (excl. rent) | $1,534 | ISK 191,063 |
| Individual all-in (excl. rent + 1BR center) | $3,926 | — |
| Family of 4 (excl. rent) | $5,810 | ISK 723,606 |
| Average net salary (after tax) | $4,510 | ISK 561,737 |
| 🏢 Rent & property | USD | Local |
|---|---|---|
| 1BR city center | $2,392 | ISK 297,909 |
| 1BR outside center | $1,954 | ISK 243,400 |
| 3BR city center | $3,352 | ISK 417,500 |
| 3BR outside center | $2,660 | ISK 331,300 |
| Buy price / sqft — center | $726 | ISK 90,447 |
| Buy price / sqft — outside | $577 | ISK 71,833 |
| 🍽️ Food & dining | USD | Local |
|---|---|---|
| Cheap meal (1 person) | $28.10 | ISK 3,500 |
| Mid-range dinner (2 people) | $97.81 | ISK 12,183 |
| Fast food combo | $26.09 | ISK 3,250 |
| Beef (per lb) | $19.96 | ISK 2,486 |
| Taxi (per mile) | $4.46 | ISK 555 |
| ⚡ Utilities & lifestyle | USD | Local |
|---|---|---|
| Basic utilities / mo | $86 | ISK 10,695 |
| Phone plan / mo | $31 | ISK 3,904 |
| Internet / mo | $82 | ISK 10,175 |
| Gym membership / mo | $91 | ISK 11,313 |
| Cinema ticket | $19.23 | ISK 2,395 |
| Preschool / mo | $1,095 | ISK 136,386 |
| International school / yr | $30,063 | ISK 3,744K |
| New car (Corolla equiv.) | $49,699 | ISK 6,190K |
Visa, taxes & legal in Iceland
Country-level research that applies to living in Reykjavik — each row links to the full comparison dashboard.
| Tourist entry (US passport) | 90/180 Schengen |
| Digital nomad visa | Long-term Remote Work Visa — income requirement ~1,000,000 ISK/mo (~€6,900) → Europe's highest — compare all countries → |
| Path to permanent residency | No |
| Tax if you become resident | Worldwide system · top rate Up to ~46% — tax breakdown → |
| Family-law exposure (payer) | Obligation 5/10 · cross-border collection 6/10 — legal detail → |
Everything about the country in one place: Iceland profile for American nomads →
Location
Compare with nearby cities
Data last updated · Source: Numbeo