How much things cost in IcelandItemISK (average)Price in GBP (approx)Three course meal for two at a mid-range restaurant (excluding wine)15,000£85Domestic beer (half litre)1,200£6.87Imported Beer (0.33l)1,000£5.73Milk175£1.00
Re: Beer / Alcohol in iceland? It isn't as expensive as people make it seem. 600-900 kr for beer sounds about right; wine and spirits are much costlier. Comparing with the USA or Germany or The Netherlands, it is expensive.
Reykjavík is the 14th most expensive city in the world to live in, and the sixth most expensive city in Europe, according to The Economist. New York, which is ranked as the most expensive city in the US ranks as the 13th most expensive city in the world.