Last update: Nov 2026

Cost of Living Comparison Between Austin, TX and Reykjahlid

For one person, living is cheaper in Reykjahlid: $181 a month against $2,689 in Austin, TX, rent and utilities included – about $30,100 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Austin, TX
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Austin, TX Living Index

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Austin, TX

🇺🇸 United States

$2,689

/mo nomad

Reykjahlid

🇮🇸 Iceland

$181

/mo nomad

Monthly Cost of Living

How much you'll spend in Austin, TX and in Reykjahlid

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

Monthly costs for one person with rent: $2,689 in Austin, TX versus $181 in Reykjahlid.

Austin, TX $2,689
Reykjahlid $181

Estimated couple costs with rent: $4,112 in Austin, TX versus $265 in Reykjahlid.

Austin, TX $4,112
Reykjahlid $265

Monthly costs for a family of three with rent: $5,534 in Austin, TX versus $349 in Reykjahlid.

Austin, TX $5,534
Reykjahlid $349

Living in Austin, TX is roughly 1389% more expensive than in Reykjahlid, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Austin, TX is 99% above, Reykjahlid is 87% below.

Meal at Budget Restaurant

$21.34 $21.34

Three-Course Dinner for Two, Mid-Range

$87.9 $87.9

Fast Food Meal (McDonalds, etc)

$12.44 $12.44

Cappuccino

$5.60 $5.60

$6.26 ISK 760

-10.54%

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

$3.65 $3.65

Water (0.33 liter bottle)

$2.39 $2.39

Local Beer (0.5 liter draught)

$7.82 $7.82

$11.76 ISK 1,429

-33.50%

Imported Beer (0.33 liter bottle)

$8.75 $8.75

$11.82 ISK 1,437

-25.97%

Milk (1 liter)

$1.12 $1.12

$2.32 ISK 281

-51.72%

White Bread (500g)

$3.62 $3.62

Rice (white) (1kg)

$3.50 $3.50

Eggs

$4.45 $4.45

Local Cheese (1kg)

$13.18 $13.18

Chicken Fillets (1kg)

$13.94 $13.94

Beef Round Steak (1kg)

$16.46 $16.46

Apples (1kg)

$4.73 $4.73

Banana (1kg)

$1.50 $1.50

Oranges (1kg)

$4.64 $4.64

Tomato (1kg)

$4.52 $4.52

Potato (1kg)

$2.55 $2.55

Onion (1kg)

$2.39 $2.39

Lettuce (1 head)

$1.84 $1.84

Water (1.5 liter bottle)

$2.13 $2.13

Cigarettes 20 Pack (Marlboro, Camel)

$10.05 $10.05

Wine (Bottle)

$14.88 $14.88

Local Beer (0.5 liter bottle)

$2.82 $2.82

Imported Beer (0.33 liter bottle)

$3.29 $3.29

One-way Ticket (Public Transport)

$1.23 $1.23

Public Transport Monthly Pass (Regular Price)

$41.43 $41.43

Taxi Start (Normal Tariff)

$2.68 $2.68

Taxi (Normal Tariff) (1km)

$1.63 $1.63

Taxi 1hour Waiting (Normal Tariff)

$35.20 $35.20

Gasoline (1 liter)

$0.98 $0.98

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

$34.4K $34.4K

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

$26.8K $26.8K

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

$252 $252

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

$59.8 $59.8

Internet (50+ Mbps, Unlimited Data)

$69.7 $69.7

Gym Membership (Monthly)

$60.4 $60.4

Tennis Court (1 Hour on Weekend)

$18.14 $18.14

Cinema Ticket

$13.75 $13.75

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

$1,458 $1,458

International Primary School, 1 Child (Yearly)

$26.6K $26.6K

Jeans (Levis 501 Or Similar)

$52.6 $52.6

Summer Dress (H&M, Zara, etc)

$45.76 $45.76

Sport Shoes (Adidas, Nike)

$85.5 $85.5

Men's Leather Business Shoes

$106 $106

1-bedroom Apartment, City Center (Monthly)

$2,195 $2,195

1-bedroom Apartment, Outside City Center (Monthly)

$1,269 $1,269

3-bedroom Apartment, City Center (Monthly)

$4,000 $4,000

3-bedroom Apartment, Outside City Center (Monthly)

$2,406 $2,406

Buy Apartment in City Center (m2)

$7,381 $7,381

Buy Apartment Outside City Center (m2)

$2,964 $2,964

Average Monthly Net Salary (After Tax)

$5,043 $5,043

20-Year Fixed Mortgage Interest Rate (Annual %)

6.82

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

Last update for Austin, TX: November 2, 2026

Last update for Reykjahlid: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Austin, TX

$1.3K 47.2%

Reykjahlid

–

Groceries & Markets

Austin, TX

$407 15.2%

Reykjahlid

–

Monthly Utilities & Internet

Austin, TX

$382 14.2%

Reykjahlid

–

Eating Out

Austin, TX

$356 13.2%

Reykjahlid

–

Clothing & Footwear

Austin, TX

$130 4.9%

Reykjahlid

–

Sport & Entertainment

Austin, TX

$88 3.3%

Reykjahlid

–

Getting Around

Austin, TX

$57 2.1%

Reykjahlid

–

Good to know

🇺🇸 Austin, TX

🇮🇸 Reykjahlid

🕒 Local time

13:37 1:37 PM

19:37 7:37 PM

6 h ahead of Austin, TX

🌤 Weather

👥 Population

974,447

300

💱 Currency

United States Dollar USD $

Icelandic Króna ISK kr

📈 Exchange rate

1 USD = 0.895 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.36 EUR

Exchange rates and currency converter

ISK, EUR to USD – United States Dollar Converter

🇮🇸 Icelandic Króna (kr)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

Icelandic Króna exchange rates as of November 6, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.36 EUR).

ISK to USD in detail →

On the map

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Between locations

Austin, TX Reykjahlid 6,550 km ≈ 9 h nonstop flight

From you

Austin, TX
Reykjahlid

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

Austin, TX vs Reykjahlid: Cost of Living - Frequently Asked Questions

Reykjahlid wins on cost – living expenses run 93% lower than in Austin, TX. Housing and daily spending are where you’ll feel the difference most, making Reykjahlid the obvious pick if budget is a priority.

You’d need roughly $4,034 in Austin, TX and $271 in Reykjahlid to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Supermarket bills run roughly 1659% higher in Austin, TX. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $2,689 per month in Austin, TX versus $181 in Reykjahlid – Reykjahlid is about 93% cheaper, which adds up to real savings over time.

At $181 in Reykjahlid versus $2,689 in Austin, TX, a $1,200 budget is realistic in Reykjahlid but tight or insufficient in Austin, TX. The gap between the two cities makes Reykjahlid the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.