Housing costs as a percentage of household income reached 18.1 % in 2011 in Iceland, according to the National Statistical Office. This is 3.43 % more than in the previous year.
Historically, housing costs as a percentage of household income in Iceland reached an all time high of 18.7 % in 2006 and an all time low of 16.4 % in 2009.
Iceland has been ranked 1st within the group of 3 countries we follow in terms of housing costs as a percentage of household income.
The indicator shows how much a household spends on housing as a proportion of their total disposable income, which is often taken as an indicator of the affordability of housing.