Can You Live in Reykjavik for Less Than $1000? Here’s the Real Deal

If you’re contemplating moving to Reykjavik, Iceland and you’re on a tight budget, you might be wondering if living there is doable on less than $1000 per month. The short answer is yes, but it depends on your lifestyle choices and priorities.

Cost of Living in Reykjavik, Iceland

Reykjavik is known for being one of the most expensive cities in the world. According to Numbeo, the cost of living in Reykjavik is 54.21% higher than in New York City. That means that you can expect to pay a high price for just about everything you need to live, including housing, food, transportation, and entertainment.

Apartments in Reykjavik can be very expensive, with monthly rent for one bedroom apartments ranging from $1,200 to $2,000 per month. However, if you’re willing to share an apartment with roommates or rent a room in someone’s home, you can bring your housing costs down to around $500 per month.

Food costs in Reykjavik can also be high. A meal at a cheap restaurant can cost $18 or more, and groceries can be expensive as most food is imported. However, if you shop at budget supermarkets like Bónus or Krónan, you can save some money on your grocery bill.

Transportation costs in Reykjavik can also add up quickly. A monthly bus pass costs $78, and taxi rides can be very expensive. However, if you live close to your job or school and can walk or bike, you might not need to spend much on transportation.

Tips for Living in Reykjavik on a Tight Budget

If you’re determined to make Reykjavik your home without breaking the bank, here are some tips to help you get by on a budget:

Find Roommates

Sharing an apartment or house with roommates is one of the best ways to save money on housing costs in Reykjavik. You can find potential roommates on Facebook groups or local classifieds websites. Many people in Reykjavik also rent out rooms in their homes, which can be a good way to find affordable housing while getting to know locals.

Eat at Home

One of the easiest ways to save money on food in Reykjavik is to cook your meals at home. Grocery stores like Bónus and Krónan have good deals on fresh produce, meat, and dairy. If you must eat out, look for restaurants that offer lunchtime specials and consider cooking more elaborate meals at home for dinner.

Use Public Transportation

While owning a car in Reykjavik can be expensive, public transportation is a viable option. Buses and trains can take you to many destinations around the city and suburbs, and a monthly bus pass will save you money in the long run. Another option is to rent a bike, as the city is very bicycle-friendly.

Take Advantage of Free Activities

Although Reykjavik can be expensive, there are plenty of free things to do in the city. Some of these include hiking, visiting parks and gardens, watching concerts or shows, and attending art exhibitions. Taking advantage of these opportunities can save you a lot of money on entertainment.

Conclusion

Living in Reykjavik on a tight budget is possible, but it requires some planning, budgeting, and sacrifice. The cost of living is high, but with a few lifestyle adjustments and tips, you can make your budget stretch further. Roommates, cooking at home, using public transportation, and taking advantage of free activities are some of the ways you can save money while living in Reykjavik.

Are you considering moving to Reykjavik on a budget? If you have any questions or tips to share, leave them in the comments below.

Insider’s Guide to Reykjavik: Discovering Hidden Gems and Local Treasures

Reykjavik, the capital city of Iceland, is a fascinating destination full of contrasts. From colorful houses and hip cafes to awe-inspiring natural wonders, Reykjavik is a city that has something for everyone. If you want to experience the city like a local, here are some insider tips that will help you discover the hidden gems and local treasures of Reykjavik.

Local Attractions: Hidden Gems That Only Locals Know

While the popular destinations like the Blue Lagoon, Golden Circle, and Northern Lights are truly breathtaking, Reykjavik has many lesser-known areas that are worth exploring. One such gem is the Ísafjörður Trail, a beautiful path that winds its way through the lush greenery of the city, offering stunning views of the coastline.

Another spot worth checking out is the Harpa Concert Hall. This impressive building is not only a stunning architectural masterpiece but also offers a range of cultural events, from musicals and operas to conferences and festivals. For a unique cultural experience, visit the Perlan Museum, which boasts an ice cave and panoramic views of Reykjavik.

Dining Spots: Local Cuisine and Interesting Anecdotes

One of the best ways to experience a city’s culture is through its food. Traditional Icelandic cuisine is heavily influenced by the country’s harsh environment, so expect plenty of hearty dishes featuring lamb, fish, and dairy products.

One must-visit spot for foodies is Matur og Drykkur, known for its locally-sourced, traditional cuisine with a modern twist. Don’t miss the fermented shark – an Icelandic delicacy that has been known to bring even the most intrepid foodies to their knees.

If you’re in the mood for something sweet, head to Valdis, a local ice cream parlor that serves up unique flavors like licorice, rhubarb, and Icelandic wild berries.

Cultural Experiences: Festivals, Art, and Music

Reykjavik has a rich cultural scene, with a vibrant arts and music scene. Don’t miss the Reykjavik International Film Festival, held each fall, which showcases both local and international films.

For fans of live music, check out Gaukurinn, a popular venue that hosts everything from punk shows to drag performances. Another must-visit spot is the iconic Bar 11, a legendary dive bar and music venue that has been a pillar of the local music scene for decades.

If you’re interested in art, visit the Reykjavik Art Museum, which is home to an extensive collection of works by Icelandic artists over the past century. There’s also the Icelandic Phallological Museum, which is, believe it or not, a museum dedicated to phallic art.

Local History: Captivating Stories from the Past

Reykjavik has a long and colorful history that is worth exploring. One fascinating story is the tale of the country’s founding father, Ingólfur Arnarson, who supposedly threw his high seat pillar into the sea and built a farm wherever it washed ashore. This myth has been enshrined in a statue of Arnarson near the city center.

Another historic landmark is the Höfði House, where Ronald Reagan and Mikhail Gorbachev held a summit in 1986 that marked the beginning of the end of the Cold War.

Off-the-Beaten-Path Suggestions: Unique and Unforgettable Experiences

For an unforgettable experience, visit the Reykjavik Wind and Weather Exhibition, where you can experience some of the country’s most extreme weather conditions, including a hurricane and a blizzard.

If you’re looking for something more relaxing, take a dip in one of Reykjavik’s many thermal pools, like the popular Laugardalslaug, where the water is heated to a toasty 42°C.

Finally, if you’re feeling adventurous, take a trip to Vatnajökull glacier, where you can go ice climbing or take a guided snowmobile tour. Whatever your interests, Reykjavik has something to offer for every type of traveler.