Last update: Oct 2026

Cost of Living Comparison Between Concordia and Reykjavik

For one person, living is cheaper in Concordia: $1,176 a month against $4,002 in Reykjavik, rent and utilities included – about $33,900 less a year. Rent and utilities account for most of the difference.

60

Cost of Living Index in Concordia
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Concordia Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Concordia

🇦🇷 Argentina

$1,176

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

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

A single person spends $1,176 per month in Concordia vs $4,002 in Reykjavik, rent included.

Concordia $1,176
Reykjavik $4,002

A couple spends around $2,057 per month in Concordia vs $5,705 in Reykjavik, rent included.

Concordia $2,057
Reykjavik $5,705

A family of three spends $2,938 per month in Concordia vs $7,407 in Reykjavik, rent included.

Concordia $2,938
Reykjavik $7,407

Concordia is about 71% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Concordia sits 13% below the global median, while Reykjavik is 196% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$16.50 ARS 25.0K

$31.56 ISK 3,828

-47.72%

Three-Course Dinner for Two, Mid-Range

$57.9 ARS 87.8K

$122 ISK 14.8K

-52.72%

Fast Food Meal (McDonalds, etc)

$14.29 ARS 21.7K

$26.86 ISK 3,258

-46.80%

Cappuccino

$3.85 ARS 5,840

$6.81 ISK 827

-43.47%

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

$2.25 ARS 3,419

$3.39 ISK 411

-33.63%

Water (0.33 liter bottle)

$1.91 ARS 2,904

$3.20 ISK 388

-40.31%

Local Beer (0.5 liter draught)

$3.88 ARS 5,890

$14.14 ISK 1,715

-72.56%

Imported Beer (0.33 liter bottle)

$3.72 ARS 5,642

$12.31 ISK 1,493

-69.78%

Milk (1 liter)

$1.37 ARS 2,079

$2.10 ISK 255

-34.76%

White Bread (500g)

$2.03 ARS 3,080

$4.19 ISK 508

-51.55%

Rice (white) (1kg)

$2.13 ARS 3,235

$3.72 ISK 451

-42.74%

Eggs

$2.77 ARS 4,208

$7.05 ISK 856

-60.71%

Local Cheese (1kg)

$11.19 ARS 17.0K

$21.56 ISK 2,615

-48.10%

Chicken Fillets (1kg)

$7.47 ARS 11.3K

$24.68 ISK 2,993

-69.73%

Beef Round Steak (1kg)

$12.42 ARS 18.8K

$42.19 ISK 5,117

-70.56%

Apples (1kg)

$2.13 ARS 3,232

$3.23 ISK 392

-34.06%

Banana (1kg)

$2.02 ARS 3,062

$2.73 ISK 331

-26.01%

Oranges (1kg)

$1.63 ARS 2,469

$3.17 ISK 384

-48.58%

Tomato (1kg)

$2.63 ARS 3,995

$6.61 ISK 802

-60.21%

Potato (1kg)

$0.94 ARS 1,433

$3.85 ISK 467

-75.58%

Onion (1kg)

$0.90 ARS 1,362

$1.66 ISK 201

-45.78%

Lettuce (1 head)

$3.80 ISK 461

Water (1.5 liter bottle)

$1.65 ARS 2,506

$1.75 ISK 212

-5.71%

Cigarettes 20 Pack (Marlboro, Camel)

$3.76 ARS 5,705

$13.71 ISK 1,662

-72.57%

Wine (Bottle)

$5.03 ARS 7,635

$24.21 ISK 2,937

-79.22%

Local Beer (0.5 liter bottle)

$1.99 ARS 3,016

$3.53 ISK 428

-43.63%

Imported Beer (0.33 liter bottle)

$3.23 ARS 4,902

$3.32 ISK 402

-2.71%

One-way Ticket (Public Transport)

$0.91 ARS 1,386

$5.75 ISK 697

-84.17%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$1.57 ARS 2,379

$6.61 ISK 802

-76.25%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

Gasoline (1 liter)

$1.25 ARS 1,890

$2.09 ISK 253

-40.19%

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

$27.6K ARS 41.9M

$51.0K ISK 6.2M

-45.87%

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

$32.5K ARS 49.3M

$53.3K ISK 6.5M

-39.05%

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

$129 ARS 195.6K

$95.3 ISK 11.6K

35.30%

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

$15.93 ARS 24.2K

$32.35 ISK 3,923

-50.76%

Internet (50+ Mbps, Unlimited Data)

$24.12 ARS 36.6K

$87.5 ISK 10.6K

-72.45%

Gym Membership (Monthly)

$28.64 ARS 43.5K

$102 ISK 12.4K

-71.88%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$8.01 ARS 12.2K

$19.88 ISK 2,412

-59.71%

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

$300 ARS 455.7K

$1,194 ISK 144.8K

-74.85%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$106 ARS 160.3K

$149 ISK 18.1K

-29.11%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

Sport Shoes (Adidas, Nike)

$114 ARS 172.6K

$180 ISK 21.8K

-36.76%

Men's Leather Business Shoes

$126 ARS 190.9K

$253 ISK 30.7K

-50.34%

1-bedroom Apartment, City Center (Monthly)

$526 ARS 797.8K

$2,549 ISK 309.2K

-79.37%

1-bedroom Apartment, Outside City Center (Monthly)

$282 ARS 428.6K

$2,056 ISK 249.4K

-86.26%

3-bedroom Apartment, City Center (Monthly)

$966 ARS 1.5M

$3,498 ISK 424.2K

-72.37%

3-bedroom Apartment, Outside City Center (Monthly)

$894 ARS 1.4M

$2,764 ISK 335.2K

-67.65%

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)

$4,573 ISK 554.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Concordia: October 11, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Concordia

$282 24%

Reykjavik

$2.1K 51.4% 628% $1.8K

Eating Out

Concordia

$265 22.5%

Reykjavik

$536 13.4% 103% $272

Groceries & Markets

Concordia

$255 * 21.7%

Reykjavik

$623 15.6% 144% $368

Monthly Utilities & Internet

Concordia

$169 14.4%

Reykjavik

$215 5.4% 27.3% $46

Clothing & Footwear

Concordia

$155 * 13.2%

Reykjavik

$292 7.3% 88% $137

Sport & Entertainment

Concordia

$45 3.8%

Reykjavik

$142 3.5% 217% $97

Getting Around

Concordia

$5.2 * 0.4%

Reykjavik

$138 3.5% 2542% $133

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

Cost Breakdown

A central one-bedroom costs $526 in Concordia 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.

A mid-range dinner for two costs $58.0 in Concordia versus $122 in Reykjavik. Monthly groceries follow the same trend: $255 vs $623 – making Concordia the more affordable choice for daily food spending.

Good to know

🇦🇷 Concordia

🇮🇸 Reykjavik

🕒 Local time

13:57 1:57 PM

16:57 4:57 PM

3 h ahead of Concordia

🌤 Weather

👥 Population

149,450

136,894 Capital

💱 Currency

Argentine Peso ARS $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 ARS = 6.59 USD

10,000 ARS = 5.86 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to ARS – Argentine Peso Converter

🇺🇸 United States Dollar ($)

🇦🇷 Argentine Peso ($)

Argentine Peso exchange rates as of October 19, 2026: 1 USD = 1,517 ARS (10,000 ARS = 6.59 USD). 1 EUR = 1,706 ARS (10,000 ARS = 5.86 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 ARS in detail →

On the map

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Highest

Between locations

Concordia Reykjavik 11,080 km ≈ 14 h nonstop flight

From you

Concordia
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

Concordia vs Reykjavik: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,176 in Concordia, $4,002 in Reykjavik – roughly 240% apart. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $1,764 per month in Concordia 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 Concordia, 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 $1,176 in Concordia and $4,002 in Reykjavik. That's a gap of about 240%.

Kindergarten costs $300 per month in Concordia and $1,194 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Concordia, where all-in costs run around $1,176, than in Reykjavik at $4,002. In Concordia it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $1,176 in Concordia to $4,002 in Reykjavik. 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.

If budget matters most, go with Concordia. 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.