Cost of Living in Keflavik, 🇮🇸 Iceland - For Locals, Nomads, and Tourists

AI estimate Updated Mar 22, 2026 About costs

Cost breakdown

Digital nomad: short-term stay (1-3 months). Furnished Airbnb or coliving near center, coworking, eating out ~3x/day, travel health insurance.

Expat: long-term resident (1+ years). Renting apartment in center, mix of cooking and dining out, local health insurance, settled lifestyle.

Family: middle-class 4-person family. 2-3 bedroom in suburbs, groceries for 4, international school, car/transport, family health plan.

Local: budget-conscious local resident. Renting outside center, cooking at home, public transport, local phone plan.

Tourist: short-stay visitor (1-14 days). Hotel/Airbnb nightly, all meals at restaurants, taxis, sightseeing.

CategoryCost

Housing $3,375 $2,129 $3,053 $1,687 $225

Utilities $201 $177 $281 $145 —

Internet & Mobile $145 $121 $193 $96 $12

Groceries $362 $884 $1,928 $683 $20

Transportation $362 $442 $683 $112 $72

Dining Out $1,928 $763 $1,125 $281 $129

Leisure Activities $522 $321 $603 $201 $96

Health Insurance $88 $68 $177 — $10

Visa & Legal Fees $145 $100 $201 — —

Total $7,128 $5,005 $8,244 $3,205 $564

Itemized prices

Local prices converted to the selected currency.

Housing

Apartment (1 bedroom) $1,727.57 per month

Coworking Space $337.48 per month

Airbnb (1 month) $2,812.32 per month

Coliving Space $1,285.63 per month

Food & Dining

Coffee $5.79 per cup

Beer $12.05 per pint

Meal (Inexpensive) $25.71 per meal

Fast Food Combo $18.88 per meal

Apples $3.86 per kg

Bread $4.42 per loaf

Milk $1.81 per liter

Rice $3.70 per kg

Chicken Fillets $22.50 per kg

Beef $35.35 per kg

Wine (Mid-range) $28.12 per bottle

Meal (Mid-range, 2 people) $148.65 per meal

Water (1.5L bottle) $2.33 per bottle

Transportation

Taxi Start $6.03 per trip

Taxi per km $3.29 per km

Monthly Transport Pass $78.74 per month

Gasoline $2.53 per liter

Ride-hailing (5km) $25.71 per trip

Scooter Rental $14.46 per month

Services

Mobile Plan $31.34 per month

Internet (60 Mbps+) $76.33 per month

Gym Membership $84.37 per month

Tennis Court (Weekend) $41.78 per hour

SIM Card (Tourist, prepaid) $24.11 one-time

Entertainment

Cinema Ticket $15.67 per ticket

Clothing

Jeans $132.58 per pair

Summer Dress $65.89 per dress

Running Shoes $176.77 per pair

Personal Care

Haircut $54.64 per visit

Laundry $20.09 per kg

Healthcare

Doctor Visit (GP) $57.85 per visit

Pharmacy (basic meds) $14.46 per purchase

About these costs

Method: AI estimate
Last updated: Mar 22, 2026
Generated by: Model not recorded
Last changed: None yet
Exchange rate: 1 USD = 124.4525 ISK

Generated by an AI model without cited sources and not yet checked by research. A research pass replaces these values with sourced ones, compared with similar cities.

Keflavik cost of living