International Cost of Living Calculator

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:

Expat Salary: Salary purchasing power parity calculator, for simple cost of living comparison and international salary calculation (e.g. to compare a salary offer).

Cost of Living Comparison: Cost of living allowance calculator, compares cost of living and hardship and calculates a cost of living allowance based on the difference.

International Cost of Living Index: Cost of living index calculator, compares multiple locations to a home base (e.g. international offices compared to HQ).

International Assignment: International assignment management calculator, for global mobility managers who use the build-up approach for detailed international assignment salary and allowance calculations.

Register Now
Mobility Calculators

Do you need a Cost of Living Comparison Calculator?

The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
Register Now

International Cost of Living Calculator Pricing

7 Day Subscription = $49 per location (minimum of 2 locations required)

Annual Subscription = $249 per location (minimum of 2 locations required)

See below for full details

No more waiting

Reports within minutes

Register Now
Location Rankings

Cost of Living Comparison by City and Country

Find out the World Rankings Today

Most Expensive Location Rankings

Latest Basket Group Rankings

Select Year and Quarter Below

Easy to Use

Register Now
Location Reviews

Cost of Living Review by City and Country


International Cost of Living Help

Use our search box OR
look for your question in the list below

Is your question not here?

Email it to us at:


and we will get back to you

Register Now
Iceland, Reykjavik

Iceland, ReykjavikReykjavík is the capital and largest city of Iceland. Reykjavík is the only metropolitan area in Iceland. As a highly modernized capital of one of the most developed countries in the world, its inhabitants enjoy a first-class welfare system and city infrastructure.

Iceland is an island between the Greenland Sea and the North Atlantic Ocean, northwest of the United Kingdom. Temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers. Mostly plateau interspersed with mountain peaks, ice fields; coast deeply indented by bays and fiords.

The official language is Icelandic. Most people, particularly the younger generation, also speak English and Danish. The main religion is Christianity.

The economy of Iceland is a small mixed economy with high levels of free trade and government intervention and subject to high volatility.

The security risk for expatriates in Iceland is low. The largest risk for expatriates are the extreme climatic conditions.

The population in Reykjavik is 0.202 Mil (2014 est.), while the inflation rate is 2.4% (2014 est.).

Cost Of Living

The cost of living for expatriates in Reykjavik as at 1 October 2015 is very high in comparison to other places in the world.

In Reykjavik, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows:
1) Alcohol (where available) & Tobacco: Very High
2) Clothing: Very High
3) Communication: Low
4) Education: Average
5) Furniture & Appliances: Average
6) Groceries: Very High
7) Healthcare: Average
8) Household Accommodation: High
9) Miscellaneous: Very High
10) Personal Care: Very High
11) Recreation & Culture: Very High
12) Restaurants Meals Out and Hotels: Very High
13) Transport: Very High

Reykjavik is for example 28.1% more expensive than Montevideo for groceries, 7.7% more expensive for household costs than Durban, and 53.7% more expensive for transport costs than Athens.

Reykjavik is ranked as a high degree of hardship location.

Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered.

The hardship premium for Reykjavik for an expat from Zurich is for example 20%, i.e. host location (Reykjavik) premium of 30% minus home (Zurich) location premium of 10%.

Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations.

Want to know more about cost of living, hardship or expat pay in Reykjavik? Register subscribe to your home location and Reykjavik and run your personalised reports.