Its been since 1992 since I have been in Iceland and therefore I am sure the cost of living has changed.
Any info is appreciated.
The rule of thumb for rent is that it's approximately 1,000 ISK per sq. I looked at the classifieds and it looks to me like people are asking for 2 to 3 months in advance and maybe a bank draft as insurance. It costs 7,900 ISK to have a phone connected to your apartment, even if a different person had a phone there before. It's common for the people I know to have a 5,000 to 10,000 ISK a month phonebill. Its been since 1992 since I have been in Iceland and therefore I am sure the cost of living has changed.