Last update: Oct 2026

Cost of Living Comparison Between Bella Vista and Reykjavik

For one person, living is cheaper in Bella Vista: $189 a month against $4,002 in Reykjavik, rent and utilities included – about $45,800 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Bella Vista

🇵🇾 Paraguay

$189

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

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

A single person spends $189 per month in Bella Vista vs $4,002 in Reykjavik, rent included.

Bella Vista $189
Reykjavik $4,002

A couple spends around $307 per month in Bella Vista vs $5,705 in Reykjavik, rent included.

Bella Vista $307
Reykjavik $5,705

A family of three spends $425 per month in Bella Vista vs $7,407 in Reykjavik, rent included.

Bella Vista $425
Reykjavik $7,407

Bella Vista is about 95% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Bella Vista sits 86% below the global median, while Reykjavik is 196% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$1.97 ₲11.2K

$31.56 ISK 3,828

-93.76%

Three-Course Dinner for Two, Mid-Range

$13.31 ₲75.7K

$122 ISK 14.8K

-89.12%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

Cappuccino

$1.94 ₲11.0K

$6.81 ISK 827

-71.51%

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

$0.99 ₲5,611

$3.39 ISK 411

-70.80%

Water (0.33 liter bottle)

$3.20 ISK 388

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

Imported Beer (0.33 liter bottle)

$1.51 ₲8,613

$12.31 ISK 1,493

-87.73%

Milk (1 liter)

$0.83 ₲4,737

$2.10 ISK 255

-60.48%

White Bread (500g)

$0.49 ₲2,760

$4.19 ISK 508

-88.31%

Rice (white) (1kg)

$0.99 ₲5,611

$3.72 ISK 451

-73.39%

Eggs

$2.14 ₲12.2K

$7.05 ISK 856

-69.65%

Local Cheese (1kg)

$5.99 ₲34.0K

$21.56 ISK 2,615

-72.22%

Chicken Fillets (1kg)

$2.98 ₲16.9K

$24.68 ISK 2,993

-87.93%

Beef Round Steak (1kg)

$42.19 ISK 5,117

Apples (1kg)

$3.23 ISK 392

Banana (1kg)

$0.72 ₲4,087

$2.73 ISK 331

-73.63%

Oranges (1kg)

$3.17 ISK 384

Tomato (1kg)

$6.61 ISK 802

Potato (1kg)

$3.85 ISK 467

Onion (1kg)

$1.66 ISK 201

Lettuce (1 head)

$3.80 ISK 461

Water (1.5 liter bottle)

$1.02 ₲5,775

$1.75 ISK 212

-41.71%

Cigarettes 20 Pack (Marlboro, Camel)

$1.02 ₲5,801

$13.71 ISK 1,662

-92.56%

Wine (Bottle)

$4.90 ₲27.8K

$24.21 ISK 2,937

-79.76%

Local Beer (0.5 liter bottle)

$0.78 ₲4,423

$3.53 ISK 428

-77.90%

Imported Beer (0.33 liter bottle)

$1.75 ₲9,962

$3.32 ISK 402

-47.29%

One-way Ticket (Public Transport)

$5.75 ISK 697

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

Gasoline (1 liter)

$2.09 ISK 253

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)

$18.27 ₲103.9K

$95.3 ISK 11.6K

-80.82%

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

$12.15 ₲69.1K

$32.35 ISK 3,923

-62.44%

Internet (50+ Mbps, Unlimited Data)

$20.19 ₲114.8K

$87.5 ISK 10.6K

-76.94%

Gym Membership (Monthly)

$102 ISK 12.4K

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$19.88 ISK 2,412

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

$1,194 ISK 144.8K

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

Men's Leather Business Shoes

$253 ISK 30.7K

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

Average Monthly Net Salary (After Tax)

$375 ₲2.1M

$4,573 ISK 554.6K

-91.81%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Bella Vista: October 10, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Bella Vista

–

Reykjavik

$2.1K 51.4%

Groceries & Markets

Bella Vista

–

Reykjavik

$623 15.6%

Eating Out

Bella Vista

–

Reykjavik

$536 13.4%

Clothing & Footwear

Bella Vista

–

Reykjavik

$292 7.3%

Monthly Utilities & Internet

Bella Vista

–

Reykjavik

$215 5.4%

Sport & Entertainment

Bella Vista

–

Reykjavik

$142 3.5%

Getting Around

Bella Vista

–

Reykjavik

$138 3.5%

Cost Breakdown

Salaries run about 1121% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $13.00 in Bella Vista versus $122 in Reykjavik. Monthly groceries follow the same trend: $92.0 vs $623 – making Bella Vista the more affordable choice for daily food spending.

Good to know

🇵🇾 Bella Vista

🇮🇸 Reykjavik

🕒 Local time

01:19 1:19 AM

04:19 4:19 AM

3 h ahead of Bella Vista

🌤 Weather

👥 Population

5,653

136,894 Capital

💱 Currency

Paraguayan Guarani PYG ₲

Icelandic Króna ISK kr

📈 Exchange rate

10,000 PYG = 1.76 USD

10,000 PYG = 1.56 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 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 18, 2026: 1 USD = 5,686 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,393 PYG (10,000 PYG = 1.56 EUR).

Icelandic Króna exchange rates as of October 18, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to PYG in detail →

On the map

Lowest

Highest

Between locations

Bella Vista Reykjavik 10,050 km ≈ 13 h nonstop flight

From you

Bella Vista
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

Bella Vista vs Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 2018% more than Bella Vista, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $283 per month in Bella Vista 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 $189 in Bella Vista and $4,002 in Reykjavik. That's a gap of about 2018%.

Groceries cost about 575% 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 $1,000 monthly budget goes further in Bella Vista, where all-in costs run around $189, than in Reykjavik at $4,002. In Bella Vista it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Bella Vista costs $189 versus $4,002 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 Bella Vista. 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.