Cost of living in Selfoss
Selfoss, 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 a move or extended stay.
This guide provides a detailed breakdown of expenses in Selfoss, including housing, groceries, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Domestic Beer (0.5 liter draught) - Enjoying a domestic beer in Selfoss will cost you around $10.86 on average.
Grocery Prices
- Milk - Milk is priced between $1.54 and $2.09 per liter, averaging $1.81.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs approximately $6.57.
- Eggs (Dozen) - A dozen eggs are priced at about $5.71.
- Local Cheese (1kg) - Local cheese costs around $15.17 per kilogram.
- Water (1.5 liter bottle) - A 1.5-liter bottle of water is priced at $1.22.
- Imported Beer (0.33 liter bottle) - An imported beer bottle costs about $1.01.
- Chicken Fillets (1kg) - Chicken fillets are priced at $18.79 per kilogram.
- Apples (1kg) - Apples cost around $2.44 per kilogram.
- Oranges (1kg) - Oranges are priced at $2.38 per kilogram.
- Potato (1kg) - Potatoes cost approximately $2.82 per kilogram.
- Lettuce (1 head) - A head of lettuce is priced at $3.18.
- Rice (1kg) - White rice costs about $3.98 per kilogram.
- Tomato (1kg) - Tomatoes are priced at $6.36 per kilogram.
- Banana (1kg) - Bananas cost around $2.35 per kilogram.
- Onion (1kg) - Onions are priced at $1.88 per kilogram.
- Beef Round (1kg) - Beef round or equivalent red meat costs $29.67 per kilogram.
Transportation
- Fuel (Gasoline) - Gasoline is priced at $2.21 per liter.
Housing Costs
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre averages $2634.16.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1737.87.
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
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
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Salaries And Financing
Salaries And Financing
"Key Takeaways"
Selfoss presents a relatively high cost of living, particularly in terms of housing and groceries.
The average rent for apartments is notably high, which is a significant factor for potential residents to consider.
Grocery prices are also elevated, with basic items like bread and eggs costing more than in many other regions.
Conclusion
In conclusion, living in Selfoss, Iceland, can be quite expensive, especially when it comes to housing and groceries.
Potential residents should carefully consider these costs and plan their budgets accordingly to ensure a comfortable lifestyle in this picturesque town.