Last update: Oct 2026

Cost of Living Comparison Between Cabo Frio and Reykjavik

For one person, living is cheaper in Cabo Frio: $678 a month against $4,002 in Reykjavik, rent and utilities included – about $39,900 less a year. Rent and utilities account for most of the difference.

33

Cost of Living Index in Cabo Frio
Learn more

Cabo Frio Living Index
193

Cost of Living Index in Reykjavik
Learn more

Reykjavik Living Index

Jump to prices

Cabo Frio

🇧🇷 Brazil

$678

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

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

A single person spends $678 per month in Cabo Frio vs $4,002 in Reykjavik, rent included.

Cabo Frio $678
Reykjavik $4,002

A couple spends around $1,113 per month in Cabo Frio vs $5,705 in Reykjavik, rent included.

Cabo Frio $1,113
Reykjavik $5,705

A family of three spends $1,548 per month in Cabo Frio vs $7,407 in Reykjavik, rent included.

Cabo Frio $1,548
Reykjavik $7,407

Cabo Frio is about 83% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Cabo Frio sits 50% below the global median, while Reykjavik is 196% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.87 R$29.77

$31.56 ISK 3,828

-81.40%

Three-Course Dinner for Two, Mid-Range

$29.90 R$152

$122 ISK 14.8K

-75.56%

Fast Food Meal (McDonalds, etc)

$6.86 R$34.79

$26.86 ISK 3,258

-74.46%

Cappuccino

$1.74 R$8.81

$6.81 ISK 827

-74.45%

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

$1.38 R$6.98

$3.39 ISK 411

-59.29%

Water (0.33 liter bottle)

$0.51 R$2.60

$3.20 ISK 388

-84.06%

Local Beer (0.5 liter draught)

$1.22 R$6.19

$14.14 ISK 1,715

-91.37%

Imported Beer (0.33 liter bottle)

$1.95 R$9.87

$12.31 ISK 1,493

-84.16%

Milk (1 liter)

$0.77 R$3.90

$2.10 ISK 255

-63.33%

White Bread (500g)

$1.50 R$7.61

$4.19 ISK 508

-64.20%

Rice (white) (1kg)

$0.76 R$3.87

$3.72 ISK 451

-79.57%

Eggs

$1.62 R$8.20

$7.05 ISK 856

-77.02%

Local Cheese (1kg)

$8.21 R$41.59

$21.56 ISK 2,615

-61.92%

Chicken Fillets (1kg)

$3.41 R$17.30

$24.68 ISK 2,993

-86.18%

Beef Round Steak (1kg)

$9.61 R$48.74

$42.19 ISK 5,117

-77.22%

Apples (1kg)

$1.92 R$9.71

$3.23 ISK 392

-40.56%

Banana (1kg)

$1.19 R$6.05

$2.73 ISK 331

-56.41%

Oranges (1kg)

$0.96 R$4.89

$3.17 ISK 384

-69.72%

Tomato (1kg)

$1.22 R$6.19

$6.61 ISK 802

-81.54%

Potato (1kg)

$0.67 R$3.38

$3.85 ISK 467

-82.60%

Onion (1kg)

$0.85 R$4.32

$1.66 ISK 201

-48.80%

Lettuce (1 head)

$0.57 R$2.87

$3.80 ISK 461

-85.00%

Water (1.5 liter bottle)

$0.58 R$2.95

$1.75 ISK 212

-66.86%

Cigarettes 20 Pack (Marlboro, Camel)

$1.63 R$8.24

$13.71 ISK 1,662

-88.11%

Wine (Bottle)

$6.03 R$30.58

$24.21 ISK 2,937

-75.09%

Local Beer (0.5 liter bottle)

$0.99 R$5.00

$3.53 ISK 428

-71.95%

Imported Beer (0.33 liter bottle)

$1.37 R$6.95

$3.32 ISK 402

-58.73%

One-way Ticket (Public Transport)

$1.37 R$6.97

$5.75 ISK 697

-76.17%

Public Transport Monthly Pass (Regular Price)

$82.1 R$416

$93.8 ISK 11.4K

-12.46%

Taxi Start (Normal Tariff)

$1.28 R$6.51

$6.61 ISK 802

-80.64%

Taxi (Normal Tariff) (1km)

$0.80 R$4.07

$2.90 ISK 352

-72.41%

Taxi 1hour Waiting (Normal Tariff)

$8.23 R$41.74

$79.2 ISK 9,602

-89.60%

Gasoline (1 liter)

$1.23 R$6.22

$2.09 ISK 253

-41.15%

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

$21.1K R$106.7K

$51.0K ISK 6.2M

-58.73%

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

$31.0K R$157.2K

$53.3K ISK 6.5M

-41.81%

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

$58.6 R$297

$95.3 ISK 11.6K

-38.44%

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

$7.84 R$39.76

$32.35 ISK 3,923

-75.77%

Internet (50+ Mbps, Unlimited Data)

$13.82 R$70.0

$87.5 ISK 10.6K

-84.21%

Gym Membership (Monthly)

$21.66 R$110

$102 ISK 12.4K

-78.74%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$4.92 R$24.95

$19.88 ISK 2,412

-75.25%

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

$148 R$748

$1,194 ISK 144.8K

-87.64%

International Primary School, 1 Child (Yearly)

$2,691 R$13.6K

$25.4K ISK 3.1M

-89.41%

Jeans (Levis 501 Or Similar)

$46.04 R$233

$149 ISK 18.1K

-69.11%

Summer Dress (H&M, Zara, etc)

$40.39 R$205

$66.6 ISK 8,080

-39.37%

Sport Shoes (Adidas, Nike)

$55.0 R$279

$180 ISK 21.8K

-69.41%

Men's Leather Business Shoes

$48.67 R$247

$253 ISK 30.7K

-80.78%

1-bedroom Apartment, City Center (Monthly)

$444 R$2,251

$2,549 ISK 309.2K

-82.58%

1-bedroom Apartment, Outside City Center (Monthly)

$119 R$604

$2,056 ISK 249.4K

-94.21%

3-bedroom Apartment, City Center (Monthly)

$677 R$3,429

$3,498 ISK 424.2K

-80.66%

3-bedroom Apartment, Outside City Center (Monthly)

$280 R$1,420

$2,764 ISK 335.2K

-89.86%

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)

$278 R$1,411

$4,573 ISK 554.6K

-93.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.67

8.81

21.11%

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

Last update for Cabo Frio: October 11, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Groceries & Markets

Cabo Frio

$162 23.9%

Reykjavik

$623 15.6% 284% $461

Accommodation & Living

Cabo Frio

$119 17.6%

Reykjavik

$2.1K 51.4% 1626% $1.9K

Eating Out

Cabo Frio

$106 15.6%

Reykjavik

$536 13.4% 406% $430

Getting Around

Cabo Frio

$93 13.7%

Reykjavik

$138 3.5% 48.4% $45

Clothing & Footwear

Cabo Frio

$86 12.6%

Reykjavik

$292 7.3% 241% $206

Monthly Utilities & Internet

Cabo Frio

$80 11.9%

Reykjavik

$215 5.4% 168% $135

Sport & Entertainment

Cabo Frio

$32 4.7%

Reykjavik

$142 3.5% 350% $110

Cost Breakdown

A central one-bedroom costs $444 in Cabo Frio versus $2,549 in Reykjavik. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 1542% 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 $30.00 in Cabo Frio versus $122 in Reykjavik. Monthly groceries follow the same trend: $162 vs $623 – making Cabo Frio the more affordable choice for daily food spending.

Good to know

🇧🇷 Cabo Frio

🇮🇸 Reykjavik

🕒 Local time

02:39 2:39 AM

05:39 5:39 AM

3 h ahead of Cabo Frio

🌤 Weather

👥 Population

222,161

136,894 Capital

💱 Currency

Brazilian Real BRL R$

Icelandic Króna ISK kr

📈 Exchange rate

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to BRL – Brazilian Real Converter

🇺🇸 United States Dollar ($)

🇧🇷 Brazilian Real (R$)

Brazilian Real exchange rates as of October 19, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to BRL in detail →

On the map

Lowest

Highest

Between locations

Cabo Frio Reykjavik 9,830 km ≈ 13 h nonstop flight

From you

Cabo Frio
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

Cabo Frio vs Reykjavik: Cost of Living - Frequently Asked Questions

Yes – Reykjavik is pricier by about 491%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $1,016 per month in Cabo Frio and $6,003 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Cabo Frio, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $678 in Cabo Frio and $4,002 in Reykjavik. That's a gap of about 491%.

Public transport costs about 14% less in Cabo Frio. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Cabo Frio, where all-in costs run around $678, than in Reykjavik at $4,002. In Cabo Frio it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

Families tend to lean toward Cabo Frio – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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 Cabo Frio. 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.