Last update: Oct 2026

Cost of Living Comparison Between Concepcion and Reykjavik

For one person, living is cheaper in Concepcion: $1,060 a month against $4,037 in Reykjavik, rent and utilities included – about $35,700 less a year. Rent and utilities account for most of the difference.

51

Cost of Living Index in Concepcion
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Concepcion Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Concepcion

🇨🇱 Chile

$1,060

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,060 in Concepcion versus $4,037 in Reykjavik.

Concepcion $1,060
Reykjavik $4,037

Estimated couple costs with rent: $1,654 in Concepcion versus $5,666 in Reykjavik.

Concepcion $1,654
Reykjavik $5,666

Monthly costs for a family of three with rent: $2,247 in Concepcion versus $7,295 in Reykjavik.

Concepcion $2,247
Reykjavik $7,295

Living in Concepcion costs roughly 74% less than in Reykjavik, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Concepcion is 21% below, Reykjavik is 201% above.

Meal at Budget Restaurant

$7.02 CLP 6,844

$30.59 ISK 3,730

-77.05%

Three-Course Dinner for Two, Mid-Range

$45.59 CLP 44.5K

$136 ISK 16.5K

-66.36%

Fast Food Meal (McDonalds, etc)

$7.64 CLP 7,454

$27.08 ISK 3,302

-71.79%

Cappuccino

$2.83 CLP 2,760

$6.72 ISK 819

-57.89%

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

$1.43 CLP 1,391

$3.27 ISK 399

-56.27%

Water (0.33 liter bottle)

$1.05 CLP 1,022

$3.16 ISK 386

-66.77%

Local Beer (0.5 liter draught)

$3.89 CLP 3,797

$13.91 ISK 1,696

-72.03%

Imported Beer (0.33 liter bottle)

$3.74 CLP 3,650

$12.06 ISK 1,470

-68.99%

Milk (1 liter)

$1.26 CLP 1,227

$2.04 ISK 248

-38.24%

White Bread (500g)

$1.51 CLP 1,469

$4.32 ISK 527

-65.05%

Rice (white) (1kg)

$1.53 CLP 1,488

$3.67 ISK 447

-58.31%

Eggs

$3.63 CLP 3,538

$7.02 ISK 856

-48.29%

Local Cheese (1kg)

$10.94 CLP 10.7K

$22.01 ISK 2,684

-50.30%

Chicken Fillets (1kg)

$6.65 CLP 6,484

$24.70 ISK 3,012

-73.08%

Beef Round Steak (1kg)

$11.78 CLP 11.5K

$42.66 ISK 5,202

-72.39%

Apples (1kg)

$1.45 CLP 1,413

$3.37 ISK 412

-56.97%

Banana (1kg)

$1.35 CLP 1,315

$2.85 ISK 347

-52.63%

Oranges (1kg)

$1.49 CLP 1,453

$3.17 ISK 387

-53.00%

Tomato (1kg)

$1.41 CLP 1,370

$6.39 ISK 779

-77.93%

Potato (1kg)

$1.04 CLP 1,013

$4.01 ISK 489

-74.06%

Onion (1kg)

$1.31 CLP 1,277

$1.64 ISK 200

-20.12%

Lettuce (1 head)

$1.12 CLP 1,089

$3.80 ISK 463

-70.53%

Water (1.5 liter bottle)

$1.18 CLP 1,152

$1.74 ISK 212

-32.18%

Cigarettes 20 Pack (Marlboro, Camel)

$5.09 CLP 4,959

$13.80 ISK 1,682

-63.12%

Wine (Bottle)

$5.01 CLP 4,881

$23.38 ISK 2,851

-78.57%

Local Beer (0.5 liter bottle)

$0.96 CLP 940

$3.53 ISK 430

-72.80%

Imported Beer (0.33 liter bottle)

$1.69 CLP 1,645

$3.45 ISK 420

-51.01%

One-way Ticket (Public Transport)

$0.55 CLP 539

$5.77 ISK 704

-90.47%

Public Transport Monthly Pass (Regular Price)

$31.51 CLP 30.7K

$95.1 ISK 11.6K

-66.88%

Taxi Start (Normal Tariff)

$1.20 CLP 1,169

$6.63 ISK 808

-81.90%

Taxi (Normal Tariff) (1km)

$2.25 CLP 2,198

$2.79 ISK 341

-19.35%

Taxi 1hour Waiting (Normal Tariff)

$12.28 CLP 12.0K

$81.4 ISK 9,923

-84.91%

Gasoline (1 liter)

$1.37 CLP 1,336

$2.11 ISK 257

-35.07%

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

$19.9K CLP 19.4M

$50.8K ISK 6.2M

-60.76%

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

$24.7K CLP 24.1M

$52.7K ISK 6.4M

-53.21%

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

$108 CLP 105.2K

$88.7 ISK 10.8K

21.73%

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

$13.06 CLP 12.7K

$31.53 ISK 3,845

-58.58%

Internet (50+ Mbps, Unlimited Data)

$27.55 CLP 26.9K

$84.6 ISK 10.3K

-67.45%

Gym Membership (Monthly)

$29.45 CLP 28.7K

$100 ISK 12.2K

-70.66%

Tennis Court (1 Hour on Weekend)

$10.48 CLP 10.2K

$48.20 ISK 5,877

-78.26%

Cinema Ticket

$5.74 CLP 5,596

$19.87 ISK 2,424

-71.11%

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

$318 CLP 309.6K

$1,277 ISK 155.8K

-75.14%

International Primary School, 1 Child (Yearly)

$4,329 CLP 4.2M

$31.0K ISK 3.8M

-86.01%

Jeans (Levis 501 Or Similar)

$45.10 CLP 44.0K

$161 ISK 19.6K

-71.96%

Summer Dress (H&M, Zara, etc)

$22.28 CLP 21.7K

$64.9 ISK 7,914

-65.67%

Sport Shoes (Adidas, Nike)

$63.8 CLP 62.2K

$183 ISK 22.3K

-65.09%

Men's Leather Business Shoes

$64.7 CLP 63.0K

$254 ISK 31.0K

-74.54%

1-bedroom Apartment, City Center (Monthly)

$474 CLP 461.9K

$2,499 ISK 304.8K

-81.05%

1-bedroom Apartment, Outside City Center (Monthly)

$346 CLP 337.0K

$2,000 ISK 243.9K

-82.72%

3-bedroom Apartment, City Center (Monthly)

$955 CLP 931.2K

$3,452 ISK 421.0K

-72.33%

3-bedroom Apartment, Outside City Center (Monthly)

$643 CLP 627.1K

$2,742 ISK 334.4K

-76.55%

Buy Apartment in City Center (m2)

$2,137 CLP 2.1M

$8,001 ISK 975.7K

-73.29%

Buy Apartment Outside City Center (m2)

$1,810 CLP 1.8M

$6,249 ISK 762.1K

-71.04%

Average Monthly Net Salary (After Tax)

$542 CLP 528.2K

$4,691 ISK 572.0K

-88.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.3

8.81

-39.84%

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

Last update for Concepcion: October 4, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Concepcion

$346 33.2%

Reykjavik

$2K 50.9% 479% $1.7K

Groceries & Markets

Concepcion

$221 21.2%

Reykjavik

$625 15.9% 183% $404

Eating Out

Concepcion

$150 14.4%

Reykjavik

$526 13.4% 251% $376

Monthly Utilities & Internet

Concepcion

$149 14.3%

Reykjavik

$205 5.2% 37.9% $56

Clothing & Footwear

Concepcion

$88 8.5%

Reykjavik

$298 7.6% 238% $210

Getting Around

Concepcion

$46 4.4%

Reykjavik

$139 3.5% 201% $93

Sport & Entertainment

Concepcion

$41 3.9%

Reykjavik

$140 3.6% 242% $99

Cost Breakdown

A one-bedroom apartment in the center runs $474 in Concepcion and $2,499 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 766% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $46.00 in Concepcion vs $136 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $221 vs $625 per month, with Concepcion cheaper across the board.

Good to know

🇨🇱 Concepcion

🇮🇸 Reykjavik

🕒 Local time

00:28 12:28 AM

03:28 3:28 AM

3 h ahead of Concepcion

🌤 Weather

👥 Population

217,537

136,894 Capital

💱 Currency

Chilean Peso CLP $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 CLP = 10.26 USD

10,000 CLP = 9.14 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

ISK, USD, EUR to CLP – Chilean Peso Converter

🇺🇸 United States Dollar ($)

🇨🇱 Chilean Peso ($)

Chilean Peso exchange rates as of October 10, 2026: 1 USD = 975 CLP (1,000 CLP = 1.03 USD). 1 EUR = 1,094 CLP (10,000 CLP = 9.14 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

USD to CLP in detail →

On the map

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Highest

Between locations

Concepcion Reykjavik 12,080 km ≈ 16 h nonstop flight

From you

Concepcion
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

Concepcion vs Reykjavik: Cost of Living - Frequently Asked Questions

Concepcion and Reykjavik differ by about 281% in total monthly costs ($1,060 vs $4,037 including rent). Concepcion is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 766% lower in Reykjavik. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $474 in Concepcion versus $2,499 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 183% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Concepcion – a meal for two runs $46.00 versus $136 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,060 in Concepcion versus $4,037 in Reykjavik, a $2,000 budget is realistic in Concepcion but tight or insufficient in Reykjavik. The gap between the two cities makes Concepcion 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, Concepcion 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 Concepcion gentler on the wallet – expenses run 281% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.