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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.

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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
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Pricing

International Cost of Living Calculator Pricing


7 Day Subscription = $39 per location (minimum of 2 locations required)


Annual Subscription = $89 per location (minimum of 2 locations required)


See below for full details


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Reports within minutes


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Articles & Rankings

Cost of Living Articles and Rankings


-International City Cost of Living Rankings

-Country Cost of Living Rankings

-Regional Cost of Living Rankings (Africa;
America; Asia Pacific; Europe; Middle East)

-Latest Inflation Rates around the world

-Latest Personal Income Tax Rates

-Cost of Living Rankings by Basket

-Articles related to cost of living
and expatriate life


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Cost of Living Reviews

Cost of Living Reviews by City and Country for 780 International Locations

Use the map below or page down

Help

International Cost of Living Help

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Iceland, Reykjavik
Overview

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. The climate is temperate, moderated by the North Atlantic Current, with mild, windy winters and damp, cool summers.

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.

Icelanders are generally non-confrontational, preferring to reach decisions through consensus, which may entail lengthy discussion. An Icelander's surname is their father's name, followed by 'son' or 'dottir', respectively. The telephone directory is listed by first name. Expatriate business dress is usually fashionable and conservative.

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

The currency of Iceland is the Iceland Krona (ISK). Credit cards are widely used. Icelandic Kronur are available through banks and cash machines in Iceland. Some banks may require advance notice before allowing debit or credit cards to be used in Iceland.

The standard of healthcare in Iceland is good, however costs of treatment for expatriates from outside the EU can be high.

The population of Reykjavik is 126,100 (2018 est.), while the inflation rate (CPI) is 2.7% for Iceland as at July 2018.

For a single Expat, the personal income tax rate in Iceland is a combination of progressive state income tax rate and a flat rate municipal tax up to a combined maximum of 46.24%.


Cost Of Living

The cost of living for expatriates / professional migrants in Reykjavik as at 1 July 2018 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, is categorized follows (Exact cost of living percentages only available in personalised reports):
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: High
8) Household Accommodation: High
9) Miscellaneous: Very High
10) Personal Care: High
11) Recreation & Culture: Very High
12) Restaurants Meals Out and Hotels: Very High
13) Transport: Very High

Reykjavik is for example 49.8% more expensive than Houston TX for groceries, 39.1% more expensive for household costs than Kuala Lumpur, and 68.6% more expensive for transport costs than Dubai.

Reykjavik is ranked as a high degree of hardship location.

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

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

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