Iceland
Iceland is a unique Nordic island nation located in the North Atlantic Ocean, strategically positioned between Greenland and Norway. Despite its small population of approximately 366,425 people, Iceland is renowned for its extraordinary geological la...
Research in Progress
We're currently analyzing expat perspectives for Iceland. Check back soon for insights from real experiences!
We're gradually rolling out this feature and continuously improving the insights. The data is based on real expat discussions and will become more comprehensive over time.
Life Expectancy
82.0
Population
366,425
Religions
Ethnic Composition
GDP
$27.84B
HDI
1.0
Quality of Life
86/100
+43 vs NYC
Purchasing Power
51/100
+9 vs NYC
Understanding the economic landscape is essential for evaluating living costs and opportunities in Iceland. This comprehensive overview covers key financial indicators including cost of living, housing markets, income levels, and fiscal policies that shape daily life and long-term financial planning.
Meal, Inexpensive Restaurant
Meal for 2 People, Mid-range Restaurant, Three-course
McMeal at McDonalds (or Equivalent Combo Meal)
Domestic Beer (0.5 liter draught)
Apartment (1 bedroom) in City Centre
Apartment (1 bedroom) Outside of Centre
Apartment (3 bedrooms) in City Centre
Apartment (3 bedrooms) Outside of Centre
One-way Ticket (Local Transport)
Chicken Fillets (1kg)
Monthly Pass (Regular Price)
Gasoline (1 liter)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
Mobile Phone Monthly Plan with Calls and 10GB+ Data
Milk (regular), (1 liter)
Loaf of Fresh White Bread (500g)
Eggs (regular) (12)
Local Cheese (1kg)
Fitness Club, Monthly Fee for 1 Adult
Tennis Court Rent (1 Hour on Weekend)
Cinema, International Release, 1 Seat
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
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Coastline
N/A
Highest Point
Hvannadalshnúkur
Lowest Point
Atlantic Ocean
Population
366,425
Currency
ISK
Timezone
UTC
Calling Code
+354
Week starts on
monday
Gini Coefficient
26.1 (2017)
Drives on the
right side
Data Source: Safety, crime, and quality metrics are sourced from Numbeo, a crowd-sourced global database of reported data.
All scores are relative comparisons on a 0-100 scale, where 50 = global average. Higher scores mean better than average, lower scores mean worse than average.