Last update: Nov 2026

Cost of Living Comparison Between Bucharest and Grundarfjordur

For one person, living is cheaper in Bucharest: $1,371 a month against $1,716 in Grundarfjordur, rent and utilities included – about $4,100 less a year. The total is higher in Grundarfjordur despite lower rent and utilities.

65

Cost of Living Index in Bucharest
Learn more

Bucharest Living Index
82

Cost of Living Index in Grundarfjordur
Learn more

Grundarfjordur Living Index

Jump to prices

Bucharest

🇷🇴 Romania

$1,371

/mo nomad

Grundarfjordur

🇮🇸 Iceland

$1,716

/mo nomad

Monthly Cost of Living

How much you'll spend in Bucharest and in Grundarfjordur

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

Monthly costs for one person with rent: $1,371 in Bucharest versus $1,716 in Grundarfjordur.

Bucharest $1,371
Grundarfjordur $1,716

Estimated couple costs with rent: $2,067 in Bucharest versus $2,916 in Grundarfjordur.

Bucharest $2,067
Grundarfjordur $2,916

Monthly costs for a family of three with rent: $2,764 in Bucharest versus $4,117 in Grundarfjordur.

Bucharest $2,764
Grundarfjordur $4,117

Living in Bucharest costs roughly 20% less than in Grundarfjordur, and outside of rent the biggest gap is in groceries.

Meal at Budget Restaurant

$14.51 RON 69.4

$31.48 ISK 3,825

-53.91%

Three-Course Dinner for Two, Mid-Range

$61.2 RON 293

$121 ISK 14.7K

-49.55%

Fast Food Meal (McDonalds, etc)

$7.46 RON 35.68

$26.97 ISK 3,277

-72.34%

Cappuccino

$3.64 RON 17.41

$6.59 ISK 801

-44.76%

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

$2.62 RON 12.50

$3.36 ISK 408

-22.02%

Water (0.33 liter bottle)

$2.36 RON 11.29

$3.20 ISK 389

-26.25%

Local Beer (0.5 liter draught)

$3.78 RON 18.08

$14.14 ISK 1,718

-73.27%

Imported Beer (0.33 liter bottle)

$4.11 RON 19.64

$12.34 ISK 1,499

-66.69%

Milk (1 liter)

$1.66 RON 7.94

$2.08 ISK 253

-20.19%

White Bread (500g)

$1.40 RON 6.68

$4.31 ISK 523

-67.52%

Rice (white) (1kg)

$1.79 RON 8.58

$3.53 ISK 429

-49.29%

Eggs

$3.63 RON 17.35

$7.25 ISK 881

-49.93%

Local Cheese (1kg)

$8.92 RON 42.63

$21.62 ISK 2,627

-58.74%

Chicken Fillets (1kg)

$6.86 RON 32.81

$23.99 ISK 2,914

-71.40%

Beef Round Steak (1kg)

$11.99 RON 57.3

$41.04 ISK 4,987

-70.78%

Apples (1kg)

$1.30 RON 6.20

$3.33 ISK 405

-60.96%

Banana (1kg)

$1.63 RON 7.81

$2.84 ISK 345

-42.61%

Oranges (1kg)

$1.49 RON 7.13

$3.20 ISK 389

-53.44%

Tomato (1kg)

$2.54 RON 12.15

$6.36 ISK 773

-60.06%

Potato (1kg)

$0.81 RON 3.88

$3.83 ISK 465

-78.85%

Onion (1kg)

$0.80 RON 3.81

$1.63 ISK 198

-50.92%

Lettuce (1 head)

$0.86 RON 4.09

$3.62 ISK 440

-76.24%

Water (1.5 liter bottle)

$0.94 RON 4.48

$1.75 ISK 213

-46.29%

Cigarettes 20 Pack (Marlboro, Camel)

$6.60 RON 31.57

$14.11 ISK 1,715

-53.22%

Wine (Bottle)

$6.33 RON 30.26

$23.96 ISK 2,912

-73.58%

Local Beer (0.5 liter bottle)

$1.19 RON 5.67

$3.67 ISK 446

-67.57%

Imported Beer (0.33 liter bottle)

$1.58 RON 7.57

$3.31 ISK 402

-52.27%

One-way Ticket (Public Transport)

$0.98 RON 4.66

Public Transport Monthly Pass (Regular Price)

$20.91 RON 100.0

Taxi Start (Normal Tariff)

$0.60 RON 2.87

$6.54 ISK 795

-90.83%

Taxi (Normal Tariff) (1km)

$0.62 RON 2.95

$2.88 ISK 350

-78.47%

Taxi 1hour Waiting (Normal Tariff)

$6.37 RON 30.43

$79.2 ISK 9,622

-91.96%

Gasoline (1 liter)

$2.02 RON 9.68

$2.12 ISK 257

-4.72%

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

$28.2K RON 134.8K

$67.5K ISK 8.2M

-58.23%

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

$26.3K RON 125.6K

$56.2K ISK 6.8M

-53.23%

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

$196 RON 938

$95.4 ISK 11.6K

105.55%

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

$8.60 RON 41.09

$32.64 ISK 3,965

-73.65%

Internet (50+ Mbps, Unlimited Data)

$9.20 RON 43.95

$86.0 ISK 10.4K

-89.30%

Gym Membership (Monthly)

$51.0 RON 244

Tennis Court (1 Hour on Weekend)

$25.04 RON 120

Cinema Ticket

$8.26 RON 39.50

$19.34 ISK 2,349

-57.29%

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

$681 RON 3,253

$1,189 ISK 144.4K

-42.74%

International Primary School, 1 Child (Yearly)

$18.7K RON 89.6K

$26.3K ISK 3.2M

-28.68%

Jeans (Levis 501 Or Similar)

$93.3 RON 446

$150 ISK 18.3K

-37.96%

Summer Dress (H&M, Zara, etc)

$39.87 RON 191

$66.4 ISK 8,062

-39.91%

Sport Shoes (Adidas, Nike)

$80.1 RON 383

$186 ISK 22.6K

-56.87%

Men's Leather Business Shoes

$90.6 RON 433

$248 ISK 30.1K

-63.42%

1-bedroom Apartment, City Center (Monthly)

$731 RON 3,494

1-bedroom Apartment, Outside City Center (Monthly)

$470 RON 2,245

3-bedroom Apartment, City Center (Monthly)

$1,110 RON 5,308

3-bedroom Apartment, Outside City Center (Monthly)

$722 RON 3,451

Buy Apartment in City Center (m2)

$3,749 RON 17.9K

Buy Apartment Outside City Center (m2)

$2,233 RON 10.7K

$1,096 ISK 133.1K

103.81%

Average Monthly Net Salary (After Tax)

$1,365 RON 6,526

20-Year Fixed Mortgage Interest Rate (Annual %)

6.75

8.81

-23.38%

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

Last update for Bucharest: November 2, 2026

Last update for Grundarfjordur: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Bucharest

$470 34.3%

Grundarfjordur

- * 0% 100%

Eating Out

Bucharest

$229 16.7%

Grundarfjordur

$533 31.1% 133% $304

Groceries & Markets

Bucharest

$225 16.4%

Grundarfjordur

$616 35.9% 174% $392

Monthly Utilities & Internet

Bucharest

$214 15.6%

Grundarfjordur

$214 12.5% 0% $0.1

Clothing & Footwear

Bucharest

$137 10%

Grundarfjordur

$293 17.1% 114% $156

Sport & Entertainment

Bucharest

$68 4.9%

Grundarfjordur

$39 * 2.3% 42.8% $29

Getting Around

Bucharest

$29 2.1%

Grundarfjordur

$21 * 1.2% 26.5% $7.6

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

Cost Breakdown

Dining out: $61 in Bucharest vs $121 in Grundarfjordur for a mid-range dinner for two. Groceries echo the gap at $225 vs $616 per month, with Bucharest cheaper across the board.

Good to know

🇷🇴 Bucharest

🇮🇸 Grundarfjordur

🕒 Local time

20:56 8:56 PM

18:56 6:56 PM

2 h behind Bucharest

🌤 Weather

👥 Population

1,883,425 Capital

800

💱 Currency

Romanian Leu RON lei

Icelandic Króna ISK kr

📈 Exchange rate

1 RON = 0.209 USD

1 RON = 0.186 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to RON – Romanian Leu Converter

🇺🇸 United States Dollar ($)

🇷🇴 Romanian Leu (lei)

Romanian Leu exchange rates as of November 6, 2026: 1 USD = 4.78 RON (1 RON = 0.209 USD). 1 EUR = 5.37 RON (1 RON = 0.186 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 = 7.33 EUR).

USD to RON in detail →

On the map

Lowest

Highest

Between locations

Bucharest Grundarfjordur 3,760 km ≈ 5 h nonstop flight

From you

Bucharest
Grundarfjordur

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

Bucharest vs Grundarfjordur: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $1,371 in Bucharest and $1,716 in Grundarfjordur, so Bucharest is about 20% cheaper – a gap that matters a lot on a fixed or modest income.

You’d need roughly $2,056 in Bucharest and $2,574 in Grundarfjordur 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 174% higher in Grundarfjordur. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $1,371 per month in Bucharest versus $1,716 in Grundarfjordur – Bucharest is about 20% cheaper, which adds up to real savings over time.

Either city works on $2,000 a month, though Bucharest gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

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.