Last update: Oct 2026

Cost of Living Comparison Between Arica and Reykjavik

For one person, living is cheaper in Arica: $111 a month against $4,002 in Reykjavik, rent and utilities included – about $46,700 less a year. Rent and utilities account for most of the difference.

50

Cost of Living Index in Arica
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Arica Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

Jump to prices

Arica

🇨🇱 Chile

$111

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

How much you'll spend in Arica 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 Arica and in Reykjavik actually costs, broken down by who's living it.

A single person spends $111 per month in Arica vs $4,002 in Reykjavik, rent included.

Arica $111
Reykjavik $4,002

A couple spends around $178 per month in Arica vs $5,705 in Reykjavik, rent included.

Arica $178
Reykjavik $5,705

A family of three spends $246 per month in Arica vs $7,407 in Reykjavik, rent included.

Arica $246
Reykjavik $7,407

Arica is about 97% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Arica sits 92% below the global median, while Reykjavik is 196% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,829

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,259

Cappuccino

$6.81 ISK 827

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

$3.39 ISK 411

Water (0.33 liter bottle)

$1.25 CLP 1,224

$3.20 ISK 388

-60.94%

Local Beer (0.5 liter draught)

$14.14 ISK 1,716

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

Milk (1 liter)

$1.01 CLP 987

$2.10 ISK 255

-51.90%

White Bread (500g)

$4.19 ISK 508

Rice (white) (1kg)

$3.72 ISK 451

Eggs

$7.05 ISK 856

Local Cheese (1kg)

$21.56 ISK 2,617

Chicken Fillets (1kg)

$24.68 ISK 2,995

Beef Round Steak (1kg)

$42.19 ISK 5,120

Apples (1kg)

$3.23 ISK 392

Banana (1kg)

$2.73 ISK 332

Oranges (1kg)

$3.17 ISK 385

Tomato (1kg)

$6.61 ISK 803

Potato (1kg)

$3.85 ISK 467

Onion (1kg)

$1.66 ISK 201

Lettuce (1 head)

$3.80 ISK 461

Water (1.5 liter bottle)

$1.75 ISK 212

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,663

Wine (Bottle)

$24.21 ISK 2,938

Local Beer (0.5 liter bottle)

$3.53 ISK 429

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

One-way Ticket (Public Transport)

$0.70 CLP 688

$5.75 ISK 698

-87.83%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 803

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,607

Gasoline (1 liter)

$2.09 ISK 254

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

$51.0K ISK 6.2M

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

$53.3K ISK 6.5M

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

$95.3 ISK 11.6K

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

$32.35 ISK 3,925

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

Gym Membership (Monthly)

$102 ISK 12.4K

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,077

Cinema Ticket

$19.88 ISK 2,413

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

$1,194 ISK 144.9K

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$40.20 CLP 39.4K

$149 ISK 18.1K

-73.03%

Summer Dress (H&M, Zara, etc)

$20.59 CLP 20.2K

$66.6 ISK 8,084

-69.09%

Sport Shoes (Adidas, Nike)

$53.9 CLP 52.8K

$180 ISK 21.8K

-70.05%

Men's Leather Business Shoes

$91.7 CLP 89.9K

$253 ISK 30.7K

-63.78%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.5K

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.4K

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.4K

Buy Apartment in City Center (m2)

$8,120 ISK 985.3K

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.9K

Average Monthly Net Salary (After Tax)

$504 CLP 493.6K

$4,573 ISK 554.9K

-88.99%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-43.25%

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

Last update for Arica: October 11, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Clothing & Footwear

Arica

$93 83.9%

Reykjavik

$292 7.3% 214% $199

Groceries & Markets

Arica

$10 * 9.1%

Reykjavik

$623 15.6% 6083% $613

Eating Out

Arica

$5 * 4.5%

Reykjavik

$536 13.4% 10651% $531

Getting Around

Arica

$2.8 * 2.5%

Reykjavik

$138 3.5% 4809% $135

Monthly Utilities & Internet

Arica

- * 0%

Reykjavik

$215 5.4%

Sport & Entertainment

Arica

- * 0%

Reykjavik

$142 3.5%

Accommodation & Living

Arica

- * 0%

Reykjavik

$2.1K 51.4%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Salaries run about 808% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

Good to know

🇨🇱 Arica

🇮🇸 Reykjavik

🕒 Local time

07:00 7:00 AM

10:00 10:00 AM

3 h ahead of Arica

🌤 Weather

👥 Population

202,131

136,894 Capital

💱 Currency

Chilean Peso CLP $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 CLP = 10.2 USD

10,000 CLP = 9.1 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 EUR

Exchange rates and currency converter

ISK, USD, EUR to CLP – Chilean Peso Converter

🇺🇸 United States Dollar ($)

🇨🇱 Chilean Peso ($)

Chilean Peso exchange rates as of October 16, 2026: 1 USD = 980 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,099 CLP (10,000 CLP = 9.1 EUR).

Icelandic Króna exchange rates as of October 16, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

USD to CLP in detail →

On the map

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Between locations

Arica Reykjavik 10,070 km ≈ 13 h nonstop flight

From you

Arica
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

Arica vs Reykjavik: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $111 in Arica, $4,002 in Reykjavik – roughly 3513% apart. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $166 per month in Arica and $6,003 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $111 in Arica and $4,002 in Reykjavik. That's a gap of about 3513%.

Groceries cost about 6083% more in Reykjavik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Arica, where all-in costs run around $111, than in Reykjavik at $4,002. In Arica it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $111 in Arica to $4,002 in Reykjavik. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Arica. If higher salaries, better infrastructure, or specific career opportunities are the priority, Reykjavik makes more sense. Both are solid long-term options with distinct trade-offs.