Last update: Oct 2026

Cost of Living Comparison Between Da Nang and Reykjavik

For one person, living is cheaper in Da Nang: $889 a month against $4,040 in Reykjavik, rent and utilities included – about $37,800 less a year. Rent and utilities account for most of the difference.

42

Cost of Living Index in Da Nang
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Da Nang Living Index
194

Cost of Living Index in Reykjavik
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Reykjavik Living Index

Jump to prices

Da Nang

🇻🇳 Vietnam

$889

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,040

/mo nomad

Monthly Cost of Living

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

A single person spends $889 per month in Da Nang vs $4,040 in Reykjavik, rent included.

Da Nang $889
Reykjavik $4,040

A couple spends around $1,426 per month in Da Nang vs $5,742 in Reykjavik, rent included.

Da Nang $1,426
Reykjavik $5,742

A family of three spends $1,963 per month in Da Nang vs $7,445 in Reykjavik, rent included.

Da Nang $1,963
Reykjavik $7,445

Da Nang is about 78% cheaper than Reykjavik, and outside of rent the biggest gap is in eating out.

Da Nang sits 35% below the global median, while Reykjavik is 197% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$2.17 ₫56.1K

$31.42 ISK 3,829

-93.09%

Three-Course Dinner for Two, Mid-Range

$19.53 ₫504.6K

$125 ISK 15.2K

-84.38%

Fast Food Meal (McDonalds, etc)

$4.53 ₫117.1K

$27.18 ISK 3,312

-83.33%

Cappuccino

$1.64 ₫42.4K

$6.65 ISK 810

-75.34%

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

$0.60 ₫15.6K

$3.41 ISK 415

-82.40%

Water (0.33 liter bottle)

$0.34 ₫8,912

$3.04 ISK 371

-88.82%

Local Beer (0.5 liter draught)

$1.33 ₫34.4K

$14.18 ISK 1,728

-90.62%

Imported Beer (0.33 liter bottle)

$2.36 ₫61.0K

$12.16 ISK 1,482

-80.59%

Milk (1 liter)

$1.60 ₫41.2K

$2.10 ISK 256

-23.81%

White Bread (500g)

$1.20 ₫31.1K

$4.14 ISK 504

-71.01%

Rice (white) (1kg)

$1.05 ₫27.1K

$3.69 ISK 449

-71.54%

Eggs

$1.52 ₫39.4K

$7.09 ISK 863

-78.56%

Local Cheese (1kg)

$12.82 ₫331.1K

$22.32 ISK 2,719

-42.56%

Chicken Fillets (1kg)

$4.17 ₫107.6K

$24.78 ISK 3,019

-83.17%

Beef Round Steak (1kg)

$9.33 ₫240.9K

$42.67 ISK 5,199

-78.13%

Apples (1kg)

$2.60 ₫67.3K

$3.29 ISK 401

-20.97%

Banana (1kg)

$1.21 ₫31.4K

$2.88 ISK 351

-57.99%

Oranges (1kg)

$1.28 ₫33.1K

$3.27 ISK 398

-60.86%

Tomato (1kg)

$1.57 ₫40.6K

$6.37 ISK 776

-75.35%

Potato (1kg)

$1.20 ₫31.0K

$3.96 ISK 483

-69.70%

Onion (1kg)

$1.31 ₫33.9K

$1.62 ISK 197

-19.14%

Lettuce (1 head)

$1.04 ₫26.9K

$3.70 ISK 451

-71.89%

Water (1.5 liter bottle)

$0.49 ₫12.7K

$1.77 ISK 215

-72.32%

Cigarettes 20 Pack (Marlboro, Camel)

$1.51 ₫39.0K

$13.66 ISK 1,664

-88.95%

Wine (Bottle)

$7.97 ₫205.9K

$24.16 ISK 2,944

-67.01%

Local Beer (0.5 liter bottle)

$0.93 ₫24.0K

$3.66 ISK 445

-74.59%

Imported Beer (0.33 liter bottle)

$2.18 ₫56.4K

$3.43 ISK 417

-36.44%

One-way Ticket (Public Transport)

$0.30 ₫7,702

$5.49 ISK 669

-94.54%

Public Transport Monthly Pass (Regular Price)

$6.31 ₫162.9K

$96.1 ISK 11.7K

-93.44%

Taxi Start (Normal Tariff)

$1.04 ₫26.8K

$6.85 ISK 834

-84.82%

Taxi (Normal Tariff) (1km)

$0.57 ₫14.6K

$2.90 ISK 353

-80.34%

Taxi 1hour Waiting (Normal Tariff)

$19.27 ₫497.7K

$81.8 ISK 9,971

-76.45%

Gasoline (1 liter)

$0.91 ₫23.5K

$2.02 ISK 246

-54.95%

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

$30.8K ₫796.3M

$68.2K ISK 8.3M

-54.78%

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

$28.4K ₫733.1M

$56.3K ISK 6.9M

-49.61%

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

$78.5 ₫2.0M

$95.9 ISK 11.7K

-18.13%

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

$6.35 ₫164.1K

$32.16 ISK 3,918

-80.25%

Internet (50+ Mbps, Unlimited Data)

$8.33 ₫215.2K

$86.4 ISK 10.5K

-90.36%

Gym Membership (Monthly)

$27.08 ₫699.4K

$96.9 ISK 11.8K

-72.04%

Tennis Court (1 Hour on Weekend)

$5.32 ₫137.4K

$51.2 ISK 6,238

-89.61%

Cinema Ticket

$3.37 ₫87.0K

$19.28 ISK 2,349

-82.52%

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

$423 ₫10.9M

$1,178 ISK 143.5K

-64.08%

International Primary School, 1 Child (Yearly)

$15.1K ₫390.0M

$25.8K ISK 3.1M

-41.41%

Jeans (Levis 501 Or Similar)

$45.19 ₫1.2M

$152 ISK 18.5K

-70.30%

Summer Dress (H&M, Zara, etc)

$27.75 ₫717.0K

$66.5 ISK 8,105

-58.28%

Sport Shoes (Adidas, Nike)

$101 ₫2.6M

$183 ISK 22.3K

-45.08%

Men's Leather Business Shoes

$82.8 ₫2.1M

$246 ISK 29.9K

-66.31%

1-bedroom Apartment, City Center (Monthly)

$553 ₫14.3M

$2,585 ISK 314.9K

-78.59%

1-bedroom Apartment, Outside City Center (Monthly)

$369 ₫9.5M

$2,098 ISK 255.6K

-82.41%

3-bedroom Apartment, City Center (Monthly)

$1,228 ₫31.7M

$3,513 ISK 428.1K

-65.06%

3-bedroom Apartment, Outside City Center (Monthly)

$821 ₫21.2M

$2,792 ISK 340.1K

-70.59%

Buy Apartment in City Center (m2)

$3,858 ₫99.6M

$8,038 ISK 979.3K

-52.01%

Buy Apartment Outside City Center (m2)

$1,877 ₫48.5M

$6,305 ISK 768.2K

-70.23%

Average Monthly Net Salary (After Tax)

$362 ₫9.4M

$4,549 ISK 554.3K

-92.03%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.72

8.81

21.68%

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

Last update for Da Nang: October 25, 2026

Last update for Reykjavik: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Da Nang

$369 41.5%

Reykjavik

$2.1K 51.9% 469% $1.7K

Groceries & Markets

Da Nang

$200 22.5%

Reykjavik

$628 15.5% 214% $427

Clothing & Footwear

Da Nang

$115 13%

Reykjavik

$291 7.2% 153% $176

Monthly Utilities & Internet

Da Nang

$93 10.5%

Reykjavik

$215 5.3% 130% $121

Eating Out

Da Nang

$66 7.4%

Reykjavik

$534 13.2% 711% $468

Sport & Entertainment

Da Nang

$34 3.8%

Reykjavik

$135 3.4% 301% $102

Getting Around

Da Nang

$11 1.3%

Reykjavik

$139 3.5% 1126% $128

Cost Breakdown

A central one-bedroom costs $553 in Da Nang versus $2,585 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 in Reykjavik are about 13 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $20 in Da Nang versus $125 in Reykjavik. Monthly groceries follow the same trend: $200 vs $628 – making Da Nang the more affordable choice for daily food spending.

Good to know

🇻🇳 Da Nang

🇮🇸 Reykjavik

🕒 Local time

20:05 8:05 PM

13:05 1:05 PM

7 h behind Da Nang

🌤 Weather

👥 Population

1,245,200

136,894 Capital

💱 Currency

Vietnamese Dong VND ₫

Icelandic Króna ISK kr

📈 Exchange rate

100,000 VND = 3.87 USD

100,000 VND = 3.48 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

Exchange rates and currency converter

ISK, USD, EUR to VND – Vietnamese Dong Converter

🇺🇸 United States Dollar ($)

🇻🇳 Vietnamese Dong (₫)

Vietnamese Dong exchange rates as of October 28, 2026: 1 USD = 25,832 VND (100,000 VND = 3.87 USD). 1 EUR = 28,750 VND (100,000 VND = 3.48 EUR).

Icelandic Króna exchange rates as of October 28, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 136 ISK (1,000 ISK = 7.37 EUR).

USD to VND in detail →

On the map

Lowest

Highest

Between locations

Da Nang Reykjavik 10,140 km ≈ 13 h nonstop flight

From you

Da Nang
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

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

Monthly costs with rent: $889 in Da Nang, $4,040 in Reykjavik – roughly 355% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $1,333 per month in Da Nang and $6,061 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: a one-bedroom in the center costs $553 there versus $2,585 in Reykjavik.

Groceries cost about 214% 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 $20 in Da Nang and $125 in Reykjavik. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,200 monthly budget goes further in Da Nang, where all-in costs run around $889, than in Reykjavik at $4,040. In Da Nang it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

Families tend to lean toward Da Nang – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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.