Cost of living in Hverageroi
Hverageroi, a charming town in Iceland, is known for its geothermal activity and beautiful landscapes. Understanding the cost of living here is crucial for anyone considering a move or extended stay.
This guide provides a detailed breakdown of expenses in Hverageroi, covering everything from dining and groceries to transportation and housing.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20.93 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 $123.10, with prices ranging from $72.41 to $217.23.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $18.10, with a range between $16.65 and $21.72.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $7.24 to $13.76, imported beer $7.97 to $13.40, cappuccino $3.62 to $6.88, and Coke/Pepsi $2.17 to $3.98.
Grocery Prices
- Milk - Milk is priced between $1.49 and $2.32 per liter, averaging $1.69.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.31 and $7.24, with an average price of $3.63.
- 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 $1.80 and $4.06 per kg, and lettuce costs $1.63 to $4.66 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $2.10 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
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan ranges from 4.25% to 11%, averaging 8.73%.
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.
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.
Cost of Living Data
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"Key Takeaways"
Hverageroi offers a unique living experience with its geothermal features, but the cost of living can be relatively high, especially in dining and transportation.
Grocery prices are moderate, but imported goods and dining out can be expensive.
Housing costs are influenced by high mortgage rates, and utilities are reasonably priced compared to other expenses.
Conclusion
Living in Hverageroi, Iceland, provides a blend of natural beauty and modern amenities, but it's important to budget carefully due to the high costs associated with dining and transportation.
Prospective residents should consider these factors when planning their move to ensure a comfortable and financially sustainable lifestyle.