Housing cost overburden rate by income quintile in Iceland
Iceland: Housing cost overburden rate by income quintile was 13.1% in 2020. ▼ Falling
Latest (2020)
13.1%
Change on year
up 4.0%
World rank
7th
of 47 countries
All-time high
14.3%
in 2006
All-time low
6.3%
in 2016
Years of data
17
2004–2020
Housing cost overburden rate by income quintile in Iceland, 2004–2020
Source: Eurostat. Measured in Percentage.
Analysis
The most recent figure for housing cost overburden rate by income quintile in Iceland is 13.1%, measured in 2020.
That represents a change of up 4.0% on the previous year and up 36.5% over ten years.
Over the whole period, housing cost overburden rate by income quintile in Iceland peaked at 14.3% in 2006 and was at its lowest, 6.3%, in 2016.
Iceland ranks 7th of 47 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Housing cost overburden rate by income quintile in Iceland, year by year
| Year | Percentage | Change |
|---|---|---|
| 2004 | 10.3% | — |
| 2005 | 12.5% | +21.4% |
| 2006 | 14.3% | +14.4% |
| 2007 | 10.5% | -26.6% |
| 2008 | 11.4% | +8.6% |
| 2009 | 9.5% | -16.7% |
| 2010 | 9.6% | +1.1% |
| 2011 | 11.3% | +17.7% |
| 2012 | 9.0% | -20.4% |
| 2013 | 8.8% | -2.2% |
| 2014 | 8.1% | -8.0% |
| 2015 | 8.2% | +1.2% |
| 2016 | 6.3% | -23.2% |
| 2017 | 8.4% | +33.3% |
| 2018 | 8.9% | +6.0% |
| 2019 | 12.6% | +41.6% |
| 2020 | 13.1% | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.4% | 9.5% | 14.3% | 6 |
| 2010s | 9.1% | 6.3% | 12.6% | 10 |
| 2020s | 13.1% | 13.1% | 13.1% | 1 |
Countries ranked near Iceland
- 4 United Kingdom of Great Britain and Northern Ireland 15.1% compare
- 4 United Kingdom 15.1% compare
- 6 Norway 13.5% compare
- 8 Euro area (EA11-1999, EA12-2001, EA13-2007, EA15-2008, EA16-2009, EA17-2011, EA18-2014, EA19-2015, EA20-2023, EA21-2026) 11.5% compare
- 9 Germany 11.2% compare
- 10 Sweden 10.8% compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 65,116 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 85.06 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 8.36 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.16 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3978 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is housing cost overburden rate by income quintile in Iceland?
- Housing cost overburden rate by income quintile in Iceland was 13.1% in 2020, according to Eurostat.
- What is the highest housing cost overburden rate by income quintile recorded in Iceland?
- The highest recorded value was 14.3% in 2006.
- What is the lowest housing cost overburden rate by income quintile recorded in Iceland?
- The lowest recorded value was 6.3% in 2016.
- How does Iceland rank for housing cost overburden rate by income quintile?
- Iceland ranks 7th out of 47 countries with data for 2020.
- Is housing cost overburden rate by income quintile rising or falling in Iceland?
- Over the last ten years it is up 36.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Housing cost overburden rate by income quintile. Statizoid updates them automatically from the source API.
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