Living Costs in Reykjavík
It is important to keep in mind that Iceland is expensive, and if you are planning to study in Reykjavik you have to consider your budget for living expenses.
The minimum support criteria for an individual living in Reykjavík is 180,550 ISK per month (approx. 1500 EUR) according to the Welfare Division of Reykjavik City.
However, this amount does not necessarily reflect actual living costs, which can vary greatly depending on your lifestyle and spending habits.
Rough estimates of living costs for a single person:
Housing, including utilities: typically ISK 100,000/month and up
Food and daily expenses: ISK 50,000/month and up
Books and other study materials: ISK 40,000/semester and up
Local public transportation: ISK 6,500/month
Leisure activities: ISK 30,000/month and up