Last update: Oct 2026

Cost of Living Comparison Between Chiang Mai and Hverageroi

For one person, living is cheaper in Chiang Mai: $936 a month against $1,722 in Hverageroi, rent and utilities included – about $9,400 less a year. The total is higher in Hverageroi despite lower rent and utilities.

45

Cost of Living Index in Chiang Mai
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Chiang Mai Living Index
83

Cost of Living Index in Hverageroi
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Hverageroi Living Index

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Chiang Mai

🇹🇭 Thailand

$936

/mo nomad

Hverageroi

🇮🇸 Iceland

$1,722

/mo nomad

Monthly Cost of Living

How much you'll spend in Chiang Mai and in Hverageroi

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

A single person spends $936 per month in Chiang Mai vs $1,722 in Hverageroi, rent included.

Chiang Mai $936
Hverageroi $1,722

A couple spends around $1,457 per month in Chiang Mai vs $2,933 in Hverageroi, rent included.

Chiang Mai $1,457
Hverageroi $2,933

A family of three spends $1,979 per month in Chiang Mai vs $4,144 in Hverageroi, rent included.

Chiang Mai $1,979
Hverageroi $4,144

Chiang Mai is about 46% cheaper than Hverageroi, and outside of rent the biggest gap is in eating out.

Chiang Mai sits 31% below the global median, while Hverageroi is 27% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$2.24 ฿75.7

$31.42 ISK 3,828

-92.87%

Three-Course Dinner for Two, Mid-Range

$19.00 ฿642

$124 ISK 15.1K

-84.67%

Fast Food Meal (McDonalds, etc)

$5.55 ฿188

$26.53 ISK 3,232

-79.08%

Cappuccino

$1.67 ฿56.6

$6.93 ISK 844

-75.90%

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

$0.64 ฿21.56

$3.39 ISK 413

-81.12%

Water (0.33 liter bottle)

$0.31 ฿10.32

$3.02 ISK 368

-89.74%

Local Beer (0.5 liter draught)

$2.36 ฿79.6

$13.71 ISK 1,670

-82.79%

Imported Beer (0.33 liter bottle)

$3.66 ฿124

$12.23 ISK 1,490

-70.07%

Milk (1 liter)

$1.95 ฿65.8

$2.11 ISK 257

-7.58%

White Bread (500g)

$1.44 ฿48.51

$4.13 ISK 504

-65.13%

Rice (white) (1kg)

$1.33 ฿45.07

$3.60 ISK 438

-63.06%

Eggs

$2.28 ฿77.1

$6.91 ISK 842

-67.00%

Local Cheese (1kg)

$16.45 ฿556

$22.22 ISK 2,708

-25.97%

Chicken Fillets (1kg)

$2.78 ฿94.0

$24.20 ISK 2,948

-88.51%

Beef Round Steak (1kg)

$9.31 ฿314

$42.37 ISK 5,162

-78.03%

Apples (1kg)

$2.35 ฿79.5

$3.35 ISK 409

-29.85%

Banana (1kg)

$0.97 ฿32.82

$2.82 ISK 343

-65.60%

Oranges (1kg)

$1.60 ฿53.9

$3.26 ISK 397

-50.92%

Tomato (1kg)

$1.50 ฿50.7

$6.61 ISK 805

-77.31%

Potato (1kg)

$1.28 ฿43.15

$3.95 ISK 482

-67.59%

Onion (1kg)

$1.10 ฿37.22

$1.69 ISK 205

-34.91%

Lettuce (1 head)

$0.71 ฿23.84

$3.79 ISK 462

-81.27%

Water (1.5 liter bottle)

$0.49 ฿16.38

$1.84 ISK 225

-73.37%

Cigarettes 20 Pack (Marlboro, Camel)

$4.14 ฿140

$14.19 ISK 1,728

-70.82%

Wine (Bottle)

$17.52 ฿592

$23.48 ISK 2,861

-25.38%

Local Beer (0.5 liter bottle)

$1.61 ฿54.5

$3.72 ISK 453

-56.72%

Imported Beer (0.33 liter bottle)

$2.78 ฿94.0

$3.30 ISK 402

-15.76%

One-way Ticket (Public Transport)

$0.87 ฿29.33

Public Transport Monthly Pass (Regular Price)

$54.1 ฿1,827

Taxi Start (Normal Tariff)

$1.16 ฿39.08

$6.65 ISK 810

-82.56%

Taxi (Normal Tariff) (1km)

$0.53 ฿17.82

$2.88 ISK 351

-81.60%

Taxi 1hour Waiting (Normal Tariff)

$2.42 ฿81.8

$80.8 ISK 9,840

-97.00%

Gasoline (1 liter)

$1.45 ฿48.93

$2.02 ISK 247

-28.22%

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

$21.1K ฿711.2K

$70.0K ISK 8.5M

-69.92%

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

$26.9K ฿909.8K

$55.3K ISK 6.7M

-51.26%

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

$62.2 ฿2,100

$97.6 ISK 11.9K

-36.29%

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

$12.17 ฿411

$32.87 ISK 4,005

-62.98%

Internet (50+ Mbps, Unlimited Data)

$20.12 ฿680

$85.4 ISK 10.4K

-76.44%

Gym Membership (Monthly)

$37.31 ฿1,260

Tennis Court (1 Hour on Weekend)

$3.77 ฿127

Cinema Ticket

$6.49 ฿219

$19.64 ISK 2,393

-66.96%

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

$736 ฿24.9K

$1,193 ISK 145.4K

-38.31%

International Primary School, 1 Child (Yearly)

$14.8K ฿498.6K

$25.8K ISK 3.1M

-42.76%

Jeans (Levis 501 Or Similar)

$53.4 ฿1,802

$149 ISK 18.2K

-64.26%

Summer Dress (H&M, Zara, etc)

$24.64 ฿832

$66.4 ISK 8,092

-62.90%

Sport Shoes (Adidas, Nike)

$91.5 ฿3,089

$180 ISK 22.0K

-49.29%

Men's Leather Business Shoes

$71.9 ฿2,429

$248 ISK 30.2K

-70.94%

1-bedroom Apartment, City Center (Monthly)

$482 ฿16.3K

1-bedroom Apartment, Outside City Center (Monthly)

$309 ฿10.4K

3-bedroom Apartment, City Center (Monthly)

$1,006 ฿34.0K

3-bedroom Apartment, Outside City Center (Monthly)

$633 ฿21.4K

Buy Apartment in City Center (m2)

$2,363 ฿79.8K

Buy Apartment Outside City Center (m2)

$1,589 ฿53.7K

Average Monthly Net Salary (After Tax)

$590 ฿19.9K

20-Year Fixed Mortgage Interest Rate (Annual %)

5.57

8.81

-36.78%

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

Last update for Chiang Mai: October 26, 2026

Last update for Hverageroi: October 24, 2026

Monthly budget structure

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

Accommodation & Living

Chiang Mai

$309 33%

Hverageroi

- * 0% 100%

Groceries & Markets

Chiang Mai

$234 25.1%

Hverageroi

$624 36.2% 166% $389

Clothing & Footwear

Chiang Mai

$109 11.6%

Hverageroi

$290 16.8% 167% $181

Monthly Utilities & Internet

Chiang Mai

$94 10.1%

Hverageroi

$216 12.5% 129% $121

Eating Out

Chiang Mai

$78 8.3%

Hverageroi

$533 30.9% 587% $455

Getting Around

Chiang Mai

$61 6.6%

Hverageroi

$21 * 1.2% 65.7% $40

Sport & Entertainment

Chiang Mai

$50 5.4%

Hverageroi

$39 * 2.3% 21.9% $11

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

Cost Breakdown

A mid-range dinner for two costs $19 in Chiang Mai versus $124 in Hverageroi. Monthly groceries follow the same trend: $234 vs $624 – making Chiang Mai the more affordable choice for daily food spending.

Good to know

🇹🇭 Chiang Mai

🇮🇸 Hverageroi

🕒 Local time

16:29 4:29 PM

09:29 9:29 AM

7 h behind Chiang Mai

🌤 Weather

👥 Population

127,240

2,657

💱 Currency

Thai Baht THB ฿

Icelandic Króna ISK kr

📈 Exchange rate

100 THB = 2.96 USD

100 THB = 2.66 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

Exchange rates and currency converter

ISK, USD, EUR to THB – Thai Baht Converter

🇺🇸 United States Dollar ($)

🇹🇭 Thai Baht (฿)

Thai Baht exchange rates as of October 28, 2026: 1 USD = 33.77 THB (100 THB = 2.96 USD). 1 EUR = 37.58 THB (100 THB = 2.66 EUR).

Icelandic Króna exchange rates as of October 28, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 136 ISK (1,000 ISK = 7.37 EUR).

USD to THB in detail →

On the map

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Highest

Between locations

Chiang Mai Hverageroi 9,490 km ≈ 12 h nonstop flight

From you

Chiang Mai
Hverageroi

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

Chiang Mai vs Hverageroi: Cost of Living - Frequently Asked Questions

Hverageroi costs about 84% more than Chiang Mai, and outside of rent the gap comes mainly from eating out. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $1,403 per month in Chiang Mai and $2,583 in Hverageroi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $19 in Chiang Mai and $124 in Hverageroi. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 166% more in Hverageroi, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$800 is a stretch for both – monthly costs hit $936 in Chiang Mai and $1,722 in Hverageroi. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Chiang Mai has an edge in some lifestyle areas, with costs from $936 in Chiang Mai to $1,722 in Hverageroi. Climate, culture, job market, and personal taste all factor in.

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.