Cost of Living Comparison Between Da Nang and Reykjavik Cost of Living Comparison Between Da Nang and Reykjavik

Monthly Cost of Living

A single person spends $712 per month in Da Nang vs $3,849 in Reykjavik, rent included.

A couple spends around $1,080 per month in Da Nang vs $5,457 in Reykjavik, rent included.

A family of three spends $1,448 per month in Da Nang vs $7,065 in Reykjavik, rent included.

Da Nang is about 82% cheaper than Reykjavik, driven mainly by Eating Out.

Da Nang sits 47% below the global median, while Reykjavik is 189% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$1.87 ₫49.3K

$26.85 ISK 3,340

-93.04%

Three-Course Dinner for Two, Mid-Range

$18.84 ₫495.8K

$142 ISK 17.7K

-86.75%

Fast Food Meal (McDonalds, etc)

$4.60 ₫121.2K

$22.18 ISK 2,759

-79.26%

Cappuccino

$1.57 ₫41.2K

$6.17 ISK 768

-74.55%

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

$0.50 ₫13.3K

$3.24 ISK 403

-84.57%

Water (0.33 liter bottle)

$0.29 ₫7,557

$2.62 ISK 326

-88.93%

Local Beer (0.5 liter draught)

$1.08 ₫28.3K

$12.69 ISK 1,579

-91.49%

Imported Beer (0.33 liter bottle)

$1.61 ₫42.4K

$11.39 ISK 1,417

-85.86%

Milk (1 liter)

$1.44 ₫37.8K

$1.87 ISK 232

-22.99%

White Bread (500g)

$0.96 ₫25.3K

$4.30 ISK 535

-77.67%

Rice (white) (1kg)

$1.13 ₫29.7K

$3.56 ISK 443

-68.26%

Eggs

$1.48 ₫38.9K

$6.28 ISK 782

-76.43%

Local Cheese (1kg)

$12.58 ₫331.1K

$18.25 ISK 2,270

-31.07%

Chicken Fillets (1kg)

$3.77 ₫99.2K

$23.69 ISK 2,947

-84.09%

Beef Round Steak (1kg)

$9.74 ₫256.5K

$42.14 ISK 5,242

-76.89%

Apples (1kg)

$2.60 ₫68.4K

$3.33 ISK 415

-21.92%

Banana (1kg)

$0.92 ₫24.2K

$2.41 ISK 299

-61.83%

Oranges (1kg)

$1.08 ₫28.4K

$3.00 ISK 373

-64.00%

Tomato (1kg)

$1.06 ₫27.9K

$5.12 ISK 637

-79.30%

Potato (1kg)

$1.10 ₫29.0K

$3.58 ISK 445

-69.27%

Onion (1kg)

$1.17 ₫30.7K

$2.36 ISK 294

-50.42%

Lettuce (1 head)

$1.01 ₫26.6K

$3.14 ISK 390

-67.83%

Water (1.5 liter bottle)

$0.52 ₫13.8K

$2.03 ISK 252

-74.38%

Cigarettes 20 Pack (Marlboro, Camel)

$1.32 ₫34.6K

$13.89 ISK 1,728

-90.50%

Wine (Bottle)

$7.74 ₫203.7K

$23.38 ISK 2,909

-66.89%

Local Beer (0.5 liter bottle)

$0.86 ₫22.5K

$3.58 ISK 445

-75.98%

Imported Beer (0.33 liter bottle)

$1.64 ₫43.2K

$3.21 ISK 400

-48.91%

One-way Ticket (Public Transport)

$0.35 ₫9,095

$5.09 ISK 633

-93.12%

Public Transport Monthly Pass (Regular Price)

$3.78 ₫99.4K

$86.7 ISK 10.8K

-95.64%

Taxi Start (Normal Tariff)

$0.88 ₫23.1K

$6.37 ISK 792

-86.19%

Taxi (Normal Tariff) (1km)

$0.70 ₫18.5K

$2.56 ISK 318

-72.66%

Taxi 1hour Waiting (Normal Tariff)

$12.01 ₫316.1K

$86.9 ISK 10.8K

-86.18%

Gasoline (1 liter)

$0.84 ₫22.2K

$2.45 ISK 305

-65.71%

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

$26.3K ₫692.4M

$48.1K ISK 6.0M

-45.35%

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

$27.9K ₫735.3M

$52.6K ISK 6.5M

-46.85%

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

$75.9 ₫2.0M

$87.4 ISK 10.9K

-13.07%

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

$5.93 ₫156.1K

$27.40 ISK 3,408

-78.36%

Internet (50+ Mbps, Unlimited Data)

$8.34 ₫219.5K

$86.5 ISK 10.8K

-90.36%

Gym Membership (Monthly)

$20.32 ₫534.9K

$83.6 ISK 10.4K

-75.70%

Tennis Court (1 Hour on Weekend)

$7.82 ₫205.9K

$37.79 ISK 4,701

-79.31%

Cinema Ticket

$3.16 ₫83.2K

$17.41 ISK 2,166

-81.85%

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

$156 ₫4.1M

$322 ISK 40.1K

-51.55%

International Primary School, 1 Child (Yearly)

$13.0K ₫342.0M

$30.1K ISK 3.7M

-56.82%

Jeans (Levis 501 Or Similar)

$39.50 ₫1.0M

$137 ISK 17.0K

-71.08%

Summer Dress (H&M, Zara, etc)

$25.70 ₫676.4K

$61.0 ISK 7,584

-57.85%

Sport Shoes (Adidas, Nike)

$52.3 ₫1.4M

$181 ISK 22.6K

-71.16%

Men's Leather Business Shoes

$76.1 ₫2.0M

$271 ISK 33.7K

-71.90%

1-bedroom Apartment, City Center (Monthly)

$362 ₫9.5M

$2,228 ISK 277.1K

-83.73%

1-bedroom Apartment, Outside City Center (Monthly)

$246 ₫6.5M

$2,035 ISK 253.1K

-87.93%

3-bedroom Apartment, City Center (Monthly)

$732 ₫19.3M

$3,171 ISK 394.5K

-76.91%

3-bedroom Apartment, Outside City Center (Monthly)

$456 ₫12.0M

$2,699 ISK 335.7K

-83.12%

Buy Apartment in City Center (m2)

$3,881 ₫102.2M

$7,931 ISK 986.5K

-51.06%

Buy Apartment Outside City Center (m2)

$1,304 ₫34.3M

$6,333 ISK 787.8K

-79.40%

Average Monthly Net Salary (After Tax)

$347 ₫9.1M

$4,563 ISK 567.6K

-92.40%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.67

9.63

10.80%

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

Last update for Da Nang: July 26, 2026

Last update for Reykjavik: July 28, 2026

Cost Breakdown

A central one-bedroom costs $362 in Da Nang versus $2,228 in Reykjavik. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 1216% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $19.00 in Da Nang versus $142 in Reykjavik. Monthly groceries follow the same trend: $187 vs $593 – making Da Nang the more affordable choice for daily food spending.

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

Da Nang vs Reykjavik: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $712 in Da Nang, $3,849 in Reykjavik – roughly 441% apart. Reykjavik costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $1,068 per month in Da Nang and $5,774 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Da Nang, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 216% more in Reykjavik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $19.00 in Da Nang and $142 in Reykjavik. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Da Nang, where all-in costs run around $712, than in Reykjavik at $3,849. In Da Nang it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Da Nang has an edge in some lifestyle areas, with costs from $712 in Da Nang to $3,849 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 Da Nang. 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.