Last update: Oct 2026

Cost of Living Comparison Between Coquimbo and Reykjavik

For one person, living is cheaper in Coquimbo: $555 a month against $4,023 in Reykjavik, rent and utilities included – about $41,600 less a year. Rent and utilities account for most of the difference.

50

Cost of Living Index in Coquimbo
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Coquimbo Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Coquimbo

🇨🇱 Chile

$555

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $555 in Coquimbo versus $4,023 in Reykjavik.

Coquimbo $555
Reykjavik $4,023

Estimated couple costs with rent: $927 in Coquimbo versus $5,708 in Reykjavik.

Coquimbo $927
Reykjavik $5,708

Monthly costs for a family of three with rent: $1,300 in Coquimbo versus $7,393 in Reykjavik.

Coquimbo $1,300
Reykjavik $7,393

Living in Coquimbo costs roughly 86% less than in Reykjavik, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Coquimbo is 59% below, Reykjavik is 197% above.

Meal at Budget Restaurant

$6.84 CLP 6,737

$31.00 ISK 3,760

-77.94%

Three-Course Dinner for Two, Mid-Range

$46.62 CLP 45.9K

$123 ISK 14.9K

-62.16%

Fast Food Meal (McDonalds, etc)

$6.13 CLP 6,039

$27.21 ISK 3,300

-77.47%

Cappuccino

$3.48 CLP 3,430

$6.90 ISK 837

-49.57%

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

$1.14 CLP 1,125

$3.30 ISK 401

-65.45%

Water (0.33 liter bottle)

$1.00 CLP 984

$3.16 ISK 384

-68.35%

Local Beer (0.5 liter draught)

$4.15 CLP 4,081

$13.84 ISK 1,678

-70.01%

Imported Beer (0.33 liter bottle)

$4.52 CLP 4,447

$12.46 ISK 1,512

-63.72%

Milk (1 liter)

$1.01 CLP 992

$2.06 ISK 250

-50.97%

White Bread (500g)

$3.11 CLP 3,060

$4.11 ISK 498

-24.33%

Rice (white) (1kg)

$1.21 CLP 1,193

$3.68 ISK 446

-67.12%

Eggs

$2.62 CLP 2,583

$7.27 ISK 882

-63.96%

Local Cheese (1kg)

$8.14 CLP 8,010

$21.79 ISK 2,643

-62.64%

Chicken Fillets (1kg)

$23.95 ISK 2,905

Beef Round Steak (1kg)

$41.43 ISK 5,025

Apples (1kg)

$1.35 CLP 1,331

$3.42 ISK 414

-60.53%

Banana (1kg)

$1.82 CLP 1,796

$2.84 ISK 344

-35.92%

Oranges (1kg)

$0.99 CLP 977

$3.23 ISK 391

-69.35%

Tomato (1kg)

$0.99 CLP 975

$6.46 ISK 783

-84.67%

Potato (1kg)

$4.05 ISK 491

Onion (1kg)

$1.26 CLP 1,245

$1.66 ISK 202

-24.10%

Lettuce (1 head)

$0.60 CLP 587

$3.86 ISK 468

-84.46%

Water (1.5 liter bottle)

$1.31 CLP 1,292

$1.84 ISK 223

-28.80%

Cigarettes 20 Pack (Marlboro, Camel)

$5.05 CLP 4,971

$13.96 ISK 1,693

-63.83%

Wine (Bottle)

$8.21 CLP 8,079

$23.76 ISK 2,882

-65.45%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

Imported Beer (0.33 liter bottle)

$4.63 CLP 4,562

$3.44 ISK 418

34.59%

One-way Ticket (Public Transport)

$0.84 CLP 830

$5.81 ISK 705

-85.54%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

Taxi Start (Normal Tariff)

$6.72 ISK 815

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

Gasoline (1 liter)

$1.35 CLP 1,327

$2.12 ISK 257

-36.32%

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

$68.9K ISK 8.4M

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

$55.8K ISK 6.8M

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

$102 CLP 100.3K

$95.8 ISK 11.6K

6.31%

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

$12.45 CLP 12.3K

$33.11 ISK 4,016

-62.40%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

Gym Membership (Monthly)

$25.08 CLP 24.7K

$101 ISK 12.3K

-75.19%

Tennis Court (1 Hour on Weekend)

$5.01 CLP 4,929

$50.7 ISK 6,155

-90.13%

Cinema Ticket

$4.03 CLP 3,965

$19.85 ISK 2,407

-79.70%

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

$259 CLP 255.0K

$1,195 ISK 144.9K

-78.32%

International Primary School, 1 Child (Yearly)

$29.0K CLP 28.5M

$26.2K ISK 3.2M

10.57%

Jeans (Levis 501 Or Similar)

$46.90 CLP 46.2K

$148 ISK 18.0K

-68.37%

Summer Dress (H&M, Zara, etc)

$25.18 CLP 24.8K

$66.8 ISK 8,096

-62.28%

Sport Shoes (Adidas, Nike)

$61.2 CLP 60.2K

$187 ISK 22.6K

-67.22%

Men's Leather Business Shoes

$81.2 CLP 79.9K

$253 ISK 30.6K

-67.87%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

Average Monthly Net Salary (After Tax)

$602 CLP 592.4K

$4,695 ISK 569.5K

-87.18%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-43.25%

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

Last update for Coquimbo: October 17, 2026

Last update for Reykjavik: October 20, 2026

Monthly budget structure

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

Groceries & Markets

Coquimbo

$154 * 27.8%

Reykjavik

$619 15.4% 302% $465

Eating Out

Coquimbo

$153 27.7%

Reykjavik

$532 13.2% 247% $379

Monthly Utilities & Internet

Coquimbo

$114 * 20.6%

Reykjavik

$216 5.4% 89% $102

Clothing & Footwear

Coquimbo

$96 17.4%

Reykjavik

$294 7.3% 205% $198

Sport & Entertainment

Coquimbo

$33 6%

Reykjavik

$141 3.5% 325% $108

Getting Around

Coquimbo

$3.4 * 0.6%

Reykjavik

$139 3.5% 4034% $136

Accommodation & Living

Coquimbo

- * 0%

Reykjavik

$2.1K 51.7%

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

Cost Breakdown

Reykjavik pays 680% 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: $47.00 in Coquimbo vs $123 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $154 vs $619 per month, with Coquimbo cheaper across the board.

Good to know

🇨🇱 Coquimbo

🇮🇸 Reykjavik

🕒 Local time

10:20 10:20 AM

13:20 1:20 PM

3 h ahead of Coquimbo

🌤 Weather

👥 Population

204,068

136,894 Capital

💱 Currency

Chilean Peso CLP $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 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 20, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

Icelandic Króna exchange rates as of October 20, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to CLP in detail →

On the map

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Highest

Between locations

Coquimbo Reykjavik 11,310 km ≈ 15 h nonstop flight

From you

Coquimbo
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

Coquimbo vs Reykjavik: Cost of Living - Frequently Asked Questions

Coquimbo and Reykjavik differ by about 625% in total monthly costs ($555 vs $4,023 including rent). Coquimbo is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 680% 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.

Childcare runs $259 in Coquimbo versus $1,195 in Reykjavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Coquimbo – a meal for two runs $47.00 versus $123 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

At $555 in Coquimbo versus $4,023 in Reykjavik, a $2,000 budget is realistic in Coquimbo but tight or insufficient in Reykjavik. The gap between the two cities makes Coquimbo 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, Coquimbo 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 Coquimbo gentler on the wallet – expenses run 625% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.