Reykjavik
Island
Updated on August 18, 2025
Overview
Reykjavik offers high living standards with high housing and living costs. The job market is strong in tourism, tech, and fisheries. Public transport is limited but the city is very walkable and bike-friendly. Safety is excellent with very low crime rates. Healthcare is high quality and accessible. The climate is subarctic with cold winters and cool summers. The community is close-knit with a rich cultural life. The city’s compact size supports easy daily living despite weather challenges.
Average cost of living€2,653.15
Quality of Life90/100
Accommodation
Rent room (flat-share)€700.00
1-bed flat (center)€1,939.00
1-bed flat (outside)€1,778.00
3-bed flat (center)€2,785.00
3-bed flat (outside)€2,403.00
Utilities
Basic utilities€77.03
Internet€74.78
Mobile plan€24.03
Transportation
One-way ticket€4.58
Monthly pass€76.05
Taxi start€5.56
Gasoline (1 l)€2.19
Leisure
Cinema ticket€15.42
Fitness club€72.72
Education
Preschool (month)€281.42
Intl. primary (year)€26,367.00
Buying House
sqm in city center€6,683.00
sqm outside center€5,628.00
Advantages
- ✓ Very safe city
- ✓ High quality healthcare
- ✓ Walkable and bike-friendly
- ✓ Strong job market
- ✓ Close-knit community
Disadvantages
- × High cost of living and housing
- × Cold, dark winters
- × Limited public transport options
- × Weather can be challenging
- × Smaller job market size