Cost of living in Grafarvogur

Grafarvogur, a district in Reykjavik, Iceland, offers a unique blend of urban and suburban living. Understanding the cost of living here is crucial for anyone considering a move or planning a visit.This guide provides a detailed breakdown of expenses in Grafarvogur, covering dining, groceries, transportation, housing, and utilities.

Cost of Living Summary

Dining and Restaurants
  • Inexpensive Restaurant MealA meal at a casual restaurant will typically cost $16.46 on average.
  • Mid-Range Restaurant (Three-Course Meal for Two)For a more upscale dining experience, expect to pay around $71.58.
  • Fast Food (e.g., McDonald's)A McMeal or equivalent combo meal averages $15.03.
  • Domestic Beer (0.5 liter draught)Domestic beer costs around $10.74.
  • Imported Beer (0.33 liter bottle)Imported beer is priced at approximately $6.08.
  • CappuccinoA regular cappuccino costs about $5.37.
  • Coke/Pepsi (0.33 liter bottle)A bottle of Coke or Pepsi costs $3.58.
  • Water (0.33 liter bottle)A bottle of water is priced at $3.58.

Cost of Living Data

The following pricing data has been gathered from 1 user contributions, as of the most recent update in May, 2023.
Restaurants
Avg / Range
Meal, Inexpensive Restaurant
$16.46
Meal for 2 People, Mid-range Restaurant, Three-course
$71.58
McMeal at McDonalds (or Equivalent Combo Meal)
$15.03
Domestic Beer (0.5 liter draught)
$10.74
Imported Beer (0.33 liter bottle)
$6.08
Coke/Pepsi (0.33 liter bottle)
$3.58
Water (0.33 liter bottle)
$3.58
Cappuccino (regular)
$5.37
Worldwide
Iceland

Cost of Living Rankings

The cost of living indices for Iceland are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Iceland, covering factors like consumer goods, rent, and purchasing power.
Highest to LowestUpdated: Oct, 2025