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Cost of studying in Iceland

Iceland has no official living-⁠cost figure. Check price levels, a monthly breakdown and the last five years on this pa⁠g⁠e⁠.

This country has no official living-cost figure.

One month, item by item

We do not yet have sourced monthly amounts for this country, so there is no breakdown. You can compare its price level with other countries below.

Compare prices

Price level (US = 1.0)

ColombiaUnited StatesAustralia
CheaperPricier

Tap a dot to see the country and its value.

  1. Colombia: 0.36
  2. Philippines: 0.39
  3. Mexico: 0.50
  4. Spain: 0.70
  5. South Korea: 0.73
  6. France: 0.83
  7. Germany: 0.84
  8. Ireland: 0.89
  9. Japan: 0.90
  10. United Kingdom: 0.92
  11. Canada: 0.93
  12. United States: 1.00
  13. New Zealand: 1.04
  14. Australia: 1.05

The last 5 years

The Icelandic Króna has gained about 6% against the US Dollar in 5 years. The same payment now costs more.

1 ISK = 0.0078 USD → 0.0082 USD

October 2021October 2026

October 2026：1 ISK ＝ 0.0082 USD

  1. October 2021：1 ISK ＝ 0.0078 USD
  2. November 2021：1 ISK ＝ 0.0077 USD
  3. December 2021：1 ISK ＝ 0.0077 USD
  4. January 2022：1 ISK ＝ 0.0077 USD
  5. February 2022：1 ISK ＝ 0.0078 USD
  6. March 2022：1 ISK ＝ 0.0079 USD
  7. April 2022：1 ISK ＝ 0.0078 USD
  8. May 2022：1 ISK ＝ 0.0077 USD
  9. June 2022：1 ISK ＝ 0.0078 USD
  10. July 2022：1 ISK ＝ 0.0075 USD
  11. August 2022：1 ISK ＝ 0.0074 USD
  12. September 2022：1 ISK ＝ 0.0071 USD
  13. October 2022：1 ISK ＝ 0.0069 USD
  14. November 2022：1 ISK ＝ 0.0069 USD
  15. December 2022：1 ISK ＝ 0.0070 USD
  16. January 2023：1 ISK ＝ 0.0070 USD
  17. February 2023：1 ISK ＝ 0.0071 USD
  18. March 2023：1 ISK ＝ 0.0070 USD
  19. April 2023：1 ISK ＝ 0.0073 USD
  20. May 2023：1 ISK ＝ 0.0073 USD
  21. June 2023：1 ISK ＝ 0.0071 USD
  22. July 2023：1 ISK ＝ 0.0073 USD
  23. August 2023：1 ISK ＝ 0.0076 USD
  24. September 2023：1 ISK ＝ 0.0076 USD
  25. October 2023：1 ISK ＝ 0.0072 USD
  26. November 2023：1 ISK ＝ 0.0071 USD
  27. December 2023：1 ISK ＝ 0.0072 USD
  28. January 2024：1 ISK ＝ 0.0073 USD
  29. February 2024：1 ISK ＝ 0.0073 USD
  30. March 2024：1 ISK ＝ 0.0072 USD
  31. April 2024：1 ISK ＝ 0.0072 USD
  32. May 2024：1 ISK ＝ 0.0071 USD
  33. June 2024：1 ISK ＝ 0.0073 USD
  34. July 2024：1 ISK ＝ 0.0072 USD
  35. August 2024：1 ISK ＝ 0.0072 USD
  36. September 2024：1 ISK ＝ 0.0072 USD
  37. October 2024：1 ISK ＝ 0.0074 USD
  38. November 2024：1 ISK ＝ 0.0073 USD
  39. December 2024：1 ISK ＝ 0.0072 USD
  40. January 2025：1 ISK ＝ 0.0072 USD
  41. February 2025：1 ISK ＝ 0.0070 USD
  42. March 2025：1 ISK ＝ 0.0072 USD
  43. April 2025：1 ISK ＝ 0.0075 USD
  44. May 2025：1 ISK ＝ 0.0078 USD
  45. June 2025：1 ISK ＝ 0.0079 USD
  46. July 2025：1 ISK ＝ 0.0083 USD
  47. August 2025：1 ISK ＝ 0.0080 USD
  48. September 2025：1 ISK ＝ 0.0082 USD
  49. October 2025：1 ISK ＝ 0.0082 USD
  50. November 2025：1 ISK ＝ 0.0079 USD
  51. December 2025：1 ISK ＝ 0.0078 USD
  52. January 2026：1 ISK ＝ 0.0080 USD
  53. February 2026：1 ISK ＝ 0.0082 USD
  54. March 2026：1 ISK ＝ 0.0081 USD
  55. April 2026：1 ISK ＝ 0.0081 USD
  56. May 2026：1 ISK ＝ 0.0081 USD
  57. June 2026：1 ISK ＝ 0.0081 USD
  58. July 2026：1 ISK ＝ 0.0079 USD
  59. August 2026：1 ISK ＝ 0.0081 USD
  60. September 2026：1 ISK ＝ 0.0082 USD
  61. October 2026：1 ISK ＝ 0.0082 USD
  62. October 2026：1 ISK ＝ 0.0082 USD

Sources and revision history

World Bank price level (US = 1.0). The same yardstick as the city diagnosis.

Exchange rate source: European Central Bank reference rates (Frankfurter). The last point is October 30, 2026.

Source: Directorate of Immigration (Iceland): residence permit for Working Holiday / Youth Mobility

checked October 31, 2026

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