Iceland · Europe
Reykjavik
Costs last verified
Part of the Cost of Living Abroad guideMonthly cost
$3,250Estimate for a solo remote worker — verify current local prices.
Studying here? About $2,190/mo
Studying here? Reckon on roughly 35% less. Shared halls instead of a private flat is most of it, with a meal plan, a student travel pass and a campus you do not have to rent a desk in doing the rest. Phone, insurance and a social life cost the same either way.
At a glance
Healthcare, taxes & language
The decisive three for a longer stay in Iceland.
Healthcare
Universal tax-funded public system (Landspítali National University Hospital in Reykjavík is the main tertiary centre); private provision is small and mostly outpatient/dental.
Taxes
Residents are taxed on worldwide income, including foreign pensions, at progressive rates plus municipal tax, with double-tax relief under Iceland's tax treaties.
English
Very high — English is taught from primary school and spoken almost universally in Reykjavík and in tourism, services and business nationwide.
Getting in — Iceland
Full Iceland guideTop visa routes, ranked by route score — stay, ease and speed.
90 days within any 180-day period
Residence Permit for Studies
Length of the course, renewed annually
Long-Term Visa for Remote Work
Up to 6 months
Similar places in Europe
Comparable cost, same part of the world. Compare side by side →
Reykjavik at a glance
Reykjavik, Iceland costs about $3,250 USD a month for a solo remote worker, with rent at 49% of that budget. The biggest budget line is rent at $1,600 and the smallest is transport at $80. In our data internet averages 220 Mbps and safety scores 9/10. Similar cities range from Copenhagen at $3,135 a month to Oslo at $3,310.
Costs verified on September 10, 2026 (Eastern Time).
Questions about Reykjavik
How much does it cost to live in Reykjavik?
A solo remote worker in Reykjavik, Iceland spends an estimated $3,250 USD/month on rent, food, transport and coworking, based on our cost-of-living breakdown.
How much is rent in Reykjavik?
Rent in Reykjavik is an estimated $1,600 USD/month in our cost-of-living breakdown.
How fast is the internet in Reykjavik?
Internet in Reykjavik averages 220 Mbps in our cost-of-living breakdown.
How much does coworking cost in Reykjavik?
A coworking space in Reykjavik costs an estimated $220 USD/month in our cost-of-living breakdown.
Is Reykjavik safe?
Reykjavik has a safety score of 9/10 in our cost-of-living breakdown.
What is Reykjavik's nomad score?
Reykjavik scores 6/10 on our nomad score, which weighs cost, safety and internet quality for remote workers.