Average Icelandic household earns ISK 340,000 per month Skip to content

Average Icelandic household earns ISK 340,000 per month

The average Icelandic household earns approximately ISK 340,000 per month with the consumption expenditures amounting to 94% of the income, reports a new household expenditure survey by Statistics Iceland.

According to the report, the average household expenditure increased by 9.3% from 2001–2003 while the average household size continues to decrease, 2.58 individuals vs.2.62 from last year’s results.

The survey, performed in 2002 – 2004, was calculated at 2004 prices with participation from 1,888 households and a 53% response rate.

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