Last update: Oct 2026

Cost of Living Comparison Between Canoas and Reykjavik

For one person, living is cheaper in Canoas: $825 a month against $4,002 in Reykjavik, rent and utilities included – about $38,100 less a year. Rent and utilities account for most of the difference.

40

Cost of Living Index in Canoas
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Canoas Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

Jump to prices

Canoas

🇧🇷 Brazil

$825

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $825 in Canoas versus $4,002 in Reykjavik.

Canoas $825
Reykjavik $4,002

Estimated couple costs with rent: $1,267 in Canoas versus $5,705 in Reykjavik.

Canoas $1,267
Reykjavik $5,705

Monthly costs for a family of three with rent: $1,708 in Canoas versus $7,407 in Reykjavik.

Canoas $1,708
Reykjavik $7,407

Living in Canoas costs roughly 79% less than in Reykjavik, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Canoas is 39% below, Reykjavik is 196% above.

Meal at Budget Restaurant

$6.16 R$30.92

$31.56 ISK 3,834

-80.48%

Three-Course Dinner for Two, Mid-Range

$20.24 R$102

$122 ISK 14.9K

-83.46%

Fast Food Meal (McDonalds, etc)

$6.81 R$34.18

$26.86 ISK 3,263

-74.65%

Cappuccino

$1.86 R$9.33

$6.81 ISK 828

-72.69%

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

$1.09 R$5.48

$3.39 ISK 411

-67.85%

Water (0.33 liter bottle)

$0.49 R$2.44

$3.20 ISK 389

-84.69%

Local Beer (0.5 liter draught)

$1.18 R$5.93

$14.14 ISK 1,717

-91.65%

Imported Beer (0.33 liter bottle)

$1.56 R$7.83

$12.31 ISK 1,495

-87.33%

Milk (1 liter)

$0.89 R$4.49

$2.10 ISK 255

-57.62%

White Bread (500g)

$1.32 R$6.62

$4.19 ISK 509

-68.50%

Rice (white) (1kg)

$0.74 R$3.70

$3.72 ISK 452

-80.11%

Eggs

$2.15 R$10.77

$7.05 ISK 857

-69.50%

Local Cheese (1kg)

$9.86 R$49.48

$21.56 ISK 2,619

-54.27%

Chicken Fillets (1kg)

$4.08 R$20.45

$24.68 ISK 2,998

-83.47%

Beef Round Steak (1kg)

$9.76 R$48.98

$42.19 ISK 5,125

-76.87%

Apples (1kg)

$1.39 R$6.96

$3.23 ISK 393

-56.97%

Banana (1kg)

$1.18 R$5.94

$2.73 ISK 332

-56.78%

Oranges (1kg)

$0.61 R$3.07

$3.17 ISK 385

-80.76%

Tomato (1kg)

$1.32 R$6.63

$6.61 ISK 804

-80.03%

Potato (1kg)

$1.21 R$6.07

$3.85 ISK 467

-68.57%

Onion (1kg)

$1.10 R$5.50

$1.66 ISK 201

-33.73%

Lettuce (1 head)

$0.88 R$4.43

$3.80 ISK 462

-76.84%

Water (1.5 liter bottle)

$0.62 R$3.12

$1.75 ISK 212

-64.57%

Cigarettes 20 Pack (Marlboro, Camel)

$2.57 R$12.89

$13.71 ISK 1,665

-81.25%

Wine (Bottle)

$7.86 R$39.45

$24.21 ISK 2,942

-67.53%

Local Beer (0.5 liter bottle)

$0.76 R$3.83

$3.53 ISK 429

-78.47%

Imported Beer (0.33 liter bottle)

$2.15 R$10.81

$3.32 ISK 403

-35.24%

One-way Ticket (Public Transport)

$0.98 R$4.93

$5.75 ISK 698

-82.96%

Public Transport Monthly Pass (Regular Price)

$34.50 R$173

$93.8 ISK 11.4K

-63.22%

Taxi Start (Normal Tariff)

$1.28 R$6.43

$6.61 ISK 804

-80.64%

Taxi (Normal Tariff) (1km)

$0.87 R$4.36

$2.90 ISK 352

-70.00%

Taxi 1hour Waiting (Normal Tariff)

$8.45 R$42.39

$79.2 ISK 9,617

-89.33%

Gasoline (1 liter)

$1.20 R$6.01

$2.09 ISK 254

-42.58%

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

$21.7K R$109.1K

$51.0K ISK 6.2M

-57.39%

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

$27.3K R$137.0K

$53.3K ISK 6.5M

-48.74%

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

$77.2 R$388

$95.3 ISK 11.6K

-18.92%

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

$12.75 R$64.0

$32.35 ISK 3,929

-60.59%

Internet (50+ Mbps, Unlimited Data)

$21.67 R$109

$87.5 ISK 10.6K

-75.25%

Gym Membership (Monthly)

$28.32 R$142

$102 ISK 12.4K

-72.20%

Tennis Court (1 Hour on Weekend)

$25.28 R$127

$50.1 ISK 6,083

-49.52%

Cinema Ticket

$6.06 R$30.39

$19.88 ISK 2,415

-69.52%

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

$555 R$2,783

$1,194 ISK 145.0K

-53.54%

International Primary School, 1 Child (Yearly)

$7,151 R$35.9K

$25.4K ISK 3.1M

-71.86%

Jeans (Levis 501 Or Similar)

$49.77 R$250

$149 ISK 18.1K

-66.60%

Summer Dress (H&M, Zara, etc)

$58.5 R$293

$66.6 ISK 8,093

-12.22%

Sport Shoes (Adidas, Nike)

$59.4 R$298

$180 ISK 21.9K

-66.98%

Men's Leather Business Shoes

$61.1 R$306

$253 ISK 30.8K

-75.88%

1-bedroom Apartment, City Center (Monthly)

$323 R$1,620

$2,549 ISK 309.7K

-87.33%

1-bedroom Apartment, Outside City Center (Monthly)

$242 R$1,215

$2,056 ISK 249.8K

-88.22%

3-bedroom Apartment, City Center (Monthly)

$550 R$2,759

$3,498 ISK 424.9K

-84.28%

3-bedroom Apartment, Outside City Center (Monthly)

$433 R$2,172

$2,764 ISK 335.7K

-84.33%

Buy Apartment in City Center (m2)

$1,611 R$8,084

$8,120 ISK 986.4K

-80.16%

Buy Apartment Outside City Center (m2)

$1,354 R$6,792

$6,254 ISK 759.7K

-78.35%

Average Monthly Net Salary (After Tax)

$4,573 ISK 555.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

11.5

8.81

30.53%

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

Last update for Canoas: October 12, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Canoas

$242 29.3%

Reykjavik

$2.1K 51.4% 749% $1.8K

Groceries & Markets

Canoas

$177 21.4%

Reykjavik

$623 15.6% 252% $446

Monthly Utilities & Internet

Canoas

$112 13.5%

Reykjavik

$215 5.4% 92.7% $103

Eating Out

Canoas

$107 13%

Reykjavik

$536 13.4% 400% $429

Clothing & Footwear

Canoas

$103 12.5%

Reykjavik

$292 7.3% 184% $189

Getting Around

Canoas

$44 5.3%

Reykjavik

$138 3.5% 213% $94

Sport & Entertainment

Canoas

$40 4.9%

Reykjavik

$142 3.5% 250% $101

Cost Breakdown

A one-bedroom apartment in the center runs $323 in Canoas and $2,549 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Dining out: $20.00 in Canoas vs $122 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $177 vs $623 per month, with Canoas cheaper across the board.

Good to know

🇧🇷 Canoas

🇮🇸 Reykjavik

🕒 Local time

12:15 12:15 PM

15:15 3:15 PM

3 h ahead of Canoas

🌤 Weather

👥 Population

347,657

136,894 Capital

💱 Currency

Brazilian Real BRL R$

Icelandic Króna ISK kr

📈 Exchange rate

1 BRL = 0.199 USD

1 BRL = 0.178 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.35 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 14, 2026: 1 USD = 5.02 BRL (1 BRL = 0.199 USD). 1 EUR = 5.62 BRL (1 BRL = 0.178 EUR).

Icelandic Króna exchange rates as of October 14, 2026: 1 USD = 121 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

USD to BRL in detail →

On the map

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Between locations

Canoas Reykjavik 10,770 km ≈ 14 h nonstop flight

From you

Canoas
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

Canoas vs Reykjavik: Cost of Living - Frequently Asked Questions

Canoas and Reykjavik differ by about 385% in total monthly costs ($825 vs $4,002 including rent). Canoas is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $1,238 in Canoas and $6,003 in Reykjavik 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.

Rent for a central apartment: $323 in Canoas versus $2,549 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Canoas runs roughly 172% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $555 in Canoas versus $1,194 in Reykjavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $825 in Canoas versus $4,002 in Reykjavik, a $2,000 budget is realistic in Canoas but tight or insufficient in Reykjavik. The gap between the two cities makes Canoas 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.

Safety-wise, Canoas and Reykjavik are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Canoas gentler on the wallet – expenses run 385% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.