Last update: Oct 2026

Cost of Living Comparison Between Altos and Reykjavik

For one person, living is cheaper in Altos: $252 a month against $4,037 in Reykjavik, rent and utilities included – about $45,400 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Altos

🇵🇾 Paraguay

$252

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

How much you'll spend in Altos and in Reykjavik

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Altos and in Reykjavik actually costs, broken down by who's living it.

Monthly costs for one person with rent: $252 in Altos versus $4,037 in Reykjavik.

Altos $252
Reykjavik $4,037

Estimated couple costs with rent: $375 in Altos versus $5,666 in Reykjavik.

Altos $375
Reykjavik $5,666

Monthly costs for a family of three with rent: $498 in Altos versus $7,295 in Reykjavik.

Altos $498
Reykjavik $7,295

Living in Altos costs roughly 94% less than in Reykjavik, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Altos is 81% below, Reykjavik is 201% above.

Meal at Budget Restaurant

$30.59 ISK 3,727

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,300

Cappuccino

$6.72 ISK 818

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.27 ISK 399

Water (0.33 liter bottle)

$3.16 ISK 386

Local Beer (0.5 liter draught)

$13.91 ISK 1,695

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,469

Milk (1 liter)

$0.49 ₲2,783

$2.04 ISK 248

-75.98%

White Bread (500g)

$0.85 ₲4,853

$4.32 ISK 526

-80.32%

Rice (white) (1kg)

$0.99 ₲5,655

$3.67 ISK 447

-73.02%

Eggs

$1.89 ₲10.8K

$7.02 ISK 855

-73.08%

Local Cheese (1kg)

$6.08 ₲34.8K

$22.01 ISK 2,682

-72.38%

Chicken Fillets (1kg)

$3.53 ₲20.2K

$24.70 ISK 3,009

-85.71%

Beef Round Steak (1kg)

$5.42 ₲31.0K

$42.66 ISK 5,198

-87.29%

Apples (1kg)

$2.34 ₲13.4K

$3.37 ISK 411

-30.56%

Banana (1kg)

$1.27 ₲7,275

$2.85 ISK 347

-55.44%

Oranges (1kg)

$1.36 ₲7,800

$3.17 ISK 387

-57.10%

Tomato (1kg)

$1.85 ₲10.6K

$6.39 ISK 779

-71.05%

Potato (1kg)

$1.17 ₲6,690

$4.01 ISK 489

-70.82%

Onion (1kg)

$1.34 ₲7,691

$1.64 ISK 200

-18.29%

Lettuce (1 head)

$1.21 ₲6,926

$3.80 ISK 462

-68.16%

Water (1.5 liter bottle)

$0.87 ₲4,964

$1.74 ISK 212

-50.00%

Cigarettes 20 Pack (Marlboro, Camel)

$0.96 ₲5,487

$13.80 ISK 1,681

-93.04%

Wine (Bottle)

$7.89 ₲45.1K

$23.38 ISK 2,849

-66.25%

Local Beer (0.5 liter bottle)

$0.69 ₲3,940

$3.53 ISK 430

-80.45%

Imported Beer (0.33 liter bottle)

$0.77 ₲4,406

$3.45 ISK 420

-77.68%

One-way Ticket (Public Transport)

$0.38 ₲2,181

$5.77 ISK 703

-93.41%

Public Transport Monthly Pass (Regular Price)

$11.91 ₲68.2K

$95.1 ISK 11.6K

-87.48%

Taxi Start (Normal Tariff)

$1.68 ₲9,605

$6.63 ISK 808

-74.66%

Taxi (Normal Tariff) (1km)

$0.73 ₲4,173

$2.79 ISK 340

-73.84%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,915

Gasoline (1 liter)

$1.18 ₲6,738

$2.11 ISK 257

-44.08%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$19.0K ₲109.0M

$50.8K ISK 6.2M

-62.52%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$23.2K ₲132.8M

$52.7K ISK 6.4M

-56.00%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$35.18 ₲201.3K

$88.7 ISK 10.8K

-60.32%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$7.84 ₲44.8K

$31.53 ISK 3,842

-75.13%

Internet (50+ Mbps, Unlimited Data)

$14.12 ₲80.8K

$84.6 ISK 10.3K

-83.32%

Gym Membership (Monthly)

$100 ISK 12.2K

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,873

Cinema Ticket

$3.49 ₲20.0K

$19.87 ISK 2,422

-82.44%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,277 ISK 155.7K

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

Jeans (Levis 501 Or Similar)

$24.94 ₲142.7K

$161 ISK 19.6K

-84.50%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,908

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

Men's Leather Business Shoes

$254 ISK 30.9K

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.6K

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.7K

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 420.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.2K

Buy Apartment in City Center (m2)

$1,524 ₲8.7M

$8,001 ISK 974.9K

-80.96%

Buy Apartment Outside City Center (m2)

$1,014 ₲5.8M

$6,249 ISK 761.5K

-83.78%

Average Monthly Net Salary (After Tax)

$507 ₲2.9M

$4,691 ISK 571.6K

-89.19%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

13.51%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Altos: October 5, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Altos

–

Reykjavik

$2K 50.9%

Groceries & Markets

Altos

–

Reykjavik

$625 15.9%

Eating Out

Altos

–

Reykjavik

$526 13.4%

Clothing & Footwear

Altos

–

Reykjavik

$298 7.6%

Monthly Utilities & Internet

Altos

–

Reykjavik

$205 5.2%

Sport & Entertainment

Altos

–

Reykjavik

$140 3.6%

Getting Around

Altos

–

Reykjavik

$139 3.5%

Cost Breakdown

Reykjavik pays 825% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Good to know

🇵🇾 Altos

🇮🇸 Reykjavik

🕒 Local time

02:33 2:33 AM

05:33 5:33 AM

3 h ahead of Altos

🌤 Weather

👥 Population

4,763

136,894 Capital

💱 Currency

Paraguayan Guarani PYG ₲

Icelandic Króna ISK kr

📈 Exchange rate

10,000 PYG = 1.75 USD

10,000 PYG = 1.56 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.32 EUR

Exchange rates and currency converter

ISK, USD, EUR to PYG – Paraguayan Guarani Converter

🇺🇸 United States Dollar ($)

🇵🇾 Paraguayan Guarani (₲)

Paraguayan Guarani exchange rates as of October 10, 2026: 1 USD = 5,722 PYG (10,000 PYG = 1.75 USD). 1 EUR = 6,418 PYG (10,000 PYG = 1.56 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to PYG in detail →

On the map

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Between locations

Altos Reykjavik 10,400 km ≈ 14 h nonstop flight

From you

Altos
Reykjavik

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Altos vs Reykjavik: Cost of Living - Frequently Asked Questions

Altos is cheaper overall, especially in groceries, utilities, and transport. The 1500% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 825% lower in Reykjavik. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Supermarket bills run roughly 308% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

A monthly transit pass in Altos runs roughly 699% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $252 in Altos versus $4,037 in Reykjavik, a $1,500 budget is realistic in Altos but tight or insufficient in Reykjavik. The gap between the two cities makes Altos the clear choice for anyone on this budget.

For families, Altos is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Altos and Reykjavik are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Altos gentler on the wallet – expenses run 1500% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.