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 $855 per month in Da Nang vs $3,943 in Reykjavik, rent included.

A couple spends around $1,389 per month in Da Nang vs $5,770 in Reykjavik, rent included.

A family of three spends $1,923 per month in Da Nang vs $7,597 in Reykjavik, rent included.

Da Nang is about 78% cheaper than Reykjavik, driven mainly by Eating Out.

Da Nang sits 38% below the global median, while Reykjavik is 186% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$2.33 ₫60.5K

$30.43 ISK 3,666

-92.34%

Three-Course Dinner for Two, Mid-Range

$19.15 ₫496.2K

$135 ISK 16.3K

-85.82%

Fast Food Meal (McDonalds, etc)

$4.49 ₫116.3K

$26.74 ISK 3,221

-83.21%

Cappuccino

$1.78 ₫46.1K

$7.01 ISK 845

-74.61%

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

$0.67 ₫17.4K

$3.30 ISK 397

-79.70%

Water (0.33 liter bottle)

$0.32 ₫8,264

$3.17 ISK 382

-89.91%

Local Beer (0.5 liter draught)

$1.32 ₫34.3K

$14.35 ISK 1,728

-90.80%

Imported Beer (0.33 liter bottle)

$2.34 ₫60.7K

$12.34 ISK 1,487

-81.04%

Milk (1 liter)

$1.47 ₫38.2K

$2.07 ISK 249

-28.99%

White Bread (500g)

$1.23 ₫32.0K

$4.32 ISK 521

-71.53%

Rice (white) (1kg)

$1.06 ₫27.6K

$3.52 ISK 424

-69.89%

Eggs

$1.54 ₫39.9K

$7.12 ISK 858

-78.37%

Local Cheese (1kg)

$13.10 ₫339.5K

$21.59 ISK 2,600

-39.32%

Chicken Fillets (1kg)

$4.08 ₫105.7K

$25.15 ISK 3,030

-83.78%

Beef Round Steak (1kg)

$9.19 ₫238.2K

$42.98 ISK 5,177

-78.62%

Apples (1kg)

$2.59 ₫67.1K

$3.53 ISK 425

-26.63%

Banana (1kg)

$1.11 ₫28.7K

$2.87 ISK 346

-61.32%

Oranges (1kg)

$1.29 ₫33.4K

$3.31 ISK 399

-61.03%

Tomato (1kg)

$1.46 ₫37.9K

$6.45 ISK 777

-77.36%

Potato (1kg)

$1.12 ₫29.0K

$3.98 ISK 479

-71.86%

Onion (1kg)

$1.27 ₫32.9K

$1.71 ISK 206

-25.73%

Lettuce (1 head)

$1.01 ₫26.2K

$3.68 ISK 443

-72.55%

Water (1.5 liter bottle)

$0.49 ₫12.6K

$1.84 ISK 221

-73.37%

Cigarettes 20 Pack (Marlboro, Camel)

$1.49 ₫38.7K

$13.99 ISK 1,685

-89.35%

Wine (Bottle)

$7.85 ₫203.4K

$23.89 ISK 2,877

-67.14%

Local Beer (0.5 liter bottle)

$0.83 ₫21.6K

$3.88 ISK 468

-78.61%

Imported Beer (0.33 liter bottle)

$2.19 ₫56.7K

$3.54 ISK 427

-38.14%

One-way Ticket (Public Transport)

$0.34 ₫8,932

$5.86 ISK 705

-94.20%

Public Transport Monthly Pass (Regular Price)

$4.90 ₫126.9K

$96.2 ISK 11.6K

-94.90%

Taxi Start (Normal Tariff)

$1.03 ₫26.7K

$6.70 ISK 807

-84.63%

Taxi (Normal Tariff) (1km)

$0.61 ₫15.8K

$2.91 ISK 350

-79.04%

Taxi 1hour Waiting (Normal Tariff)

$19.51 ₫505.7K

$75.8 ISK 9,129

-74.26%

Gasoline (1 liter)

$0.91 ₫23.6K

$2.05 ISK 247

-55.61%

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

$31.2K ₫807.6M

$51.5K ISK 6.2M

-39.47%

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

$27.7K ₫717.0M

$53.8K ISK 6.5M

-48.59%

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

$89.1 ₫2.3M

$88.2 ISK 10.6K

1.03%

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

$6.02 ₫156.0K

$33.57 ISK 4,044

-82.07%

Internet (50+ Mbps, Unlimited Data)

$8.18 ₫211.9K

$86.2 ISK 10.4K

-90.51%

Gym Membership (Monthly)

$22.12 ₫573.4K

$96.5 ISK 11.6K

-77.08%

Tennis Court (1 Hour on Weekend)

$5.33 ₫138.3K

$50.1 ISK 6,036

-89.36%

Cinema Ticket

$3.12 ₫81.0K

$20.01 ISK 2,410

-84.41%

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

$163 ₫4.2M

$1,172 ISK 141.1K

-86.10%

International Primary School, 1 Child (Yearly)

$15.2K ₫394.2M

$31.3K ISK 3.8M

-51.44%

Jeans (Levis 501 Or Similar)

$44.51 ₫1.2M

$159 ISK 19.2K

-72.01%

Summer Dress (H&M, Zara, etc)

$28.06 ₫727.2K

$67.8 ISK 8,164

-58.60%

Sport Shoes (Adidas, Nike)

$102 ₫2.6M

$178 ISK 21.5K

-43.02%

Men's Leather Business Shoes

$82.8 ₫2.1M

$252 ISK 30.4K

-67.19%

1-bedroom Apartment, City Center (Monthly)

$531 ₫13.8M

$2,489 ISK 299.8K

-78.68%

1-bedroom Apartment, Outside City Center (Monthly)

$341 ₫8.8M

$2,096 ISK 252.4K

-83.72%

3-bedroom Apartment, City Center (Monthly)

$1,044 ₫27.1M

$3,429 ISK 413.1K

-69.57%

3-bedroom Apartment, Outside City Center (Monthly)

$787 ₫20.4M

$2,761 ISK 332.6K

-71.49%

Buy Apartment in City Center (m2)

$3,768 ₫97.7M

$8,179 ISK 985.2K

-53.93%

Buy Apartment Outside City Center (m2)

$1,309 ₫33.9M

$6,507 ISK 783.8K

-79.89%

Average Monthly Net Salary (After Tax)

$349 ₫9.1M

$4,761 ISK 573.5K

-92.67%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.72

8.88

20.72%

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

Last update for Da Nang: September 6, 2026

Last update for Reykjavik: September 6, 2026

Cost Breakdown

A central one-bedroom costs $531 in Da Nang versus $2,489 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 1264% 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 $135 in Reykjavik. Monthly groceries follow the same trend: $197 vs $633 – 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: $855 in Da Nang, $3,943 in Reykjavik – roughly 361% apart. Reykjavik costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $1,282 per month in Da Nang and $5,915 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 221% 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 $135 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 $855, than in Reykjavik at $3,943. 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 $855 in Da Nang to $3,943 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.