Iceland, Reykjavik Cost of Living April 2010

Country Full Name: Republic of Iceland.

Location: Iceland is an island between the Greenland Sea and the North Atlantic Ocean, northwest of the United Kingdom.

Country Climate: Temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers.

Country Terrain: Mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords.

Major Languages: Icelandic.

Major Religions: Christianity.

Country Population: 0.316 million (2008 est.) 0.319 million (2009 est.).

Country Economy: The economy of Iceland is a small mixed economy with high levels of free trade and government intervention and subject to high volatility.

Currency: Iceland Krona (ISK).

Country Inflation: 12.4% (2008 est.) 11.7% (2009 est.).

City: Reykjavík is the capital and largest city of Iceland.

City Economy: Reykjavík is is the only metropolitan area in Iceland. As a highly modernized capital of one of the most developed countries in the world, its inhabitants enjoy a first-class welfare system and city infrastructure.
Cost of Living: Reykjavik has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Reykjavik is currently ranked 58 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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