Hafnarfjörður, a charming town in Iceland, offers a unique blend of natural beauty and modern amenities. Understanding the cost of living here is crucial for anyone considering relocation or travel.

This guide provides a detailed breakdown of expenses in Hafnarfjörður, covering essential categories such as dining, groceries, transportation, housing, and utilities.

Cost of Living Summary

Dining and Restaurants

  • Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $14.84 on average, with a range between $14.41 and $35.48.
  • Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $72.41, with prices ranging from $65.17 to $217.23.
  • Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $14.62, with a range between $13.03 and $21.72.
  • Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $7.24 to $13.76, imported beer $5.07 to $13.4, cappuccino $3.16 to $6.88, and Coke/Pepsi $2.17 to $3.98.

Grocery Prices

  • Milk - Milk is priced between $0.91 and $2.32 per liter, averaging $1.3.
  • Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.17 and $7.24, with an average price of $2.17.
  • Eggs (Dozen) - A dozen eggs range from $4.34 to $6.95, averaging $5.84.
  • Fruits (e.g., Apples, Oranges) - Apples cost $1.45 to $4.99 per kg, while oranges range from $1.96 to $5.43 per kg.
  • Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.8 and $4.06 per kg, and lettuce costs $1.63 to $4.66 per head.

Transportation

  • Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $3.26 and $4.78.
  • Fuel (Gasoline) - Gasoline is priced between $1.9 and $2.36 per liter.
  • Taxi Fares - Taxi fares start at $5.29, with a cost of $2.17 to $4.35 per km and $67.78 to $86.89 per hour of waiting.

Housing Costs

  • 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $2172.34.
  • 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1737.87 to $1882.69, averaging $1810.28.
  • 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2896.45.
  • 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1955.1 to $2679.22, averaging $2317.16.

Utilities

  • Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $49.96 and $181.03, averaging $71.98.
  • Internet - Internet services range from $47.07 to $101.38, with an average cost of $68.36.
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: Dec, 2024

Cost of Living Data

The following pricing data has been gathered from 11 user contributions, as of the most recent update in November, 2024.
Restaurants
Avg / Range
Meal, Inexpensive Restaurant
$14.84
Meal for 2 People, Mid-range Restaurant, Three-course
$72.41
McMeal at McDonalds (or Equivalent Combo Meal)
$14.62
Domestic Beer (0.5 liter draught)
$8.68
Imported Beer (0.33 liter bottle)
$7.23
Coke/Pepsi (0.33 liter bottle)
$3.11
Water (0.33 liter bottle)
$1.69
Cappuccino (regular)
$4.46
Markets
Avg / Range
Milk (regular), (1 liter)
$1.30
Loaf of Fresh White Bread (500g)
$2.17
Eggs (regular) (12)
$5.84
Local Cheese (1kg)
$15.68
Water (1.5 liter bottle)
$2.08
Bottle of Wine (Mid-Range)
$21.72
Domestic Beer (0.5 liter bottle)
$3.21
Imported Beer (0.33 liter bottle)
$2.72
Cigarettes 20 Pack (Marlboro)
$12.16
Chicken Fillets (1kg)
$20.53
Apples (1kg)
$3.02
Oranges (1kg)
$2.80
Potato (1kg)
$3.22
Lettuce (1 head)
$3.06
Rice (white), (1kg)
$3.08
Tomato (1kg)
$4.94
Banana (1kg)
$2.16
Onion (1kg)
$2.12
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$35.35
Transportation
Avg / Range
One-way Ticket (Local Transport)
$4.56
Monthly Pass (Regular Price)
$75.31
Gasoline (1 liter)
$2.19
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$42,650.25
Taxi Start (Normal Tariff)
$5.61
Taxi 1km (Normal Tariff)
$2.62
Taxi 1hour Waiting (Normal Tariff)
$76.90
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$45,871.65
Rent Per Month
Avg / Range
Apartment (1 bedroom) in City Centre
$2,172.34
Apartment (1 bedroom) Outside of Centre
$1,810.28
Apartment (3 bedrooms) in City Centre
$2,896.45
Apartment (3 bedrooms) Outside of Centre
$2,317.16
Utilities (Monthly)
Avg / Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$71.98
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$68.36
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$25.03
Sports And Leisure
Avg / Range
Cinema, International Release, 1 Seat
$14.81
Clothing And Shoes
Avg / Range
1 Pair of Jeans (Levis 501 Or Similar)
$112.24
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$36.21
1 Pair of Nike Running Shoes (Mid-Range)
$151.68
1 Pair of Men Leather Business Shoes
$194.29
Salaries And Financing
Avg / Range
Average Monthly Net Salary (After Tax)
$3,065.41
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
4.25%
Childcare
Avg / Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$254.01
International Primary School, Yearly for 1 Child
$5,620.93
Hafnarfjörður (Hafnarfjorour) Cost of Living

"Key Takeaways"

Hafnarfjörður offers a relatively high cost of living, with significant expenses in housing and dining.

Transportation costs are moderate, with public transport and fuel prices being manageable.

Grocery prices vary, with some items like milk and bread being more affordable, while others like beef and cheese are on the higher side.

Conclusion

In conclusion, living in Hafnarfjörður, Iceland, can be quite expensive, particularly in terms of housing and dining.

However, the town's unique charm and quality of life may justify the costs for many residents.

Prospective residents should budget carefully and consider potential savings in transportation and grocery shopping.