Cost of Living Comparison Between Drangsnes and Reykjavik Cost of Living Comparison Between Drangsnes and Reykjavik

🙂 Solo nomad: Drangsnes is 13% cheaper than Reykjavik without rent, and 57.6% cheaper with rent.

🙂 Family of 3: Drangsnes is 2.7% cheaper than Reykjavik without rent, and 44% cheaper with rent.

Meal at Budget Restaurant

$27.25 ISK 3,400

$26.9 ISK 3,355

1.30%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$146 ISK 18.3K

-1.09%

Fast Food Meal (McDonalds, etc)

$22.21 ISK 2,771

$22.18 ISK 2,767

0.14%

Cappuccino

$6.18 ISK 771

$6.08 ISK 758

1.64%

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

$3.26 ISK 406

$3.4 ISK 424

-4.12%

Water (0.33 liter bottle)

$2.55 ISK 318

$2.5 ISK 312

2.00%

Local Beer (0.5 liter draught)

$12.72 ISK 1,586

$12.96 ISK 1,617

-1.85%

Imported Beer (0.33 liter bottle)

$11.13 ISK 1,388

$11.05 ISK 1,379

0.72%

Milk (1 liter)

$1.94 ISK 242

$1.88 ISK 234

3.19%

White Bread (500g)

$4.16 ISK 519

$4.26 ISK 531

-2.35%

Rice (white) (1kg)

$3.72 ISK 464

$3.67 ISK 458

1.36%

Eggs

$6.35 ISK 792

$6.51 ISK 813

-2.46%

Local Cheese (1kg)

$18.17 ISK 2,267

$17.83 ISK 2,224

1.91%

Chicken Fillets (1kg)

$23.98 ISK 2,992

$24.1 ISK 3,006

-0.50%

Beef Round Steak (1kg)

$42.93 ISK 5,356

$43.22 ISK 5,391

-0.67%

Apples (1kg)

$3.26 ISK 406

$3.19 ISK 397

2.19%

Banana (1kg)

$2.45 ISK 305

$2.54 ISK 317

-3.54%

Oranges (1kg)

$3.13 ISK 390

$3.09 ISK 386

1.29%

Tomato (1kg)

$5.02 ISK 626

$5.03 ISK 628

-0.20%

Potato (1kg)

$3.62 ISK 452

$3.59 ISK 447

0.84%

Onion (1kg)

$2.36 ISK 294

$2.4 ISK 300

-1.67%

Lettuce (1 head)

$3.02 ISK 376

$3.08 ISK 384

-1.95%

Water (1.5 liter bottle)

$1.93 ISK 241

$2.01 ISK 250

-3.98%

Cigarettes 20 Pack (Marlboro, Camel)

$13.42 ISK 1,674

$13.9 ISK 1,734

-3.45%

Wine (Bottle)

$24.3 ISK 3,031

$23.87 ISK 2,978

1.80%

Local Beer (0.5 liter bottle)

$3.56 ISK 444

$3.62 ISK 452

-1.66%

Imported Beer (0.33 liter bottle)

$3.33 ISK 416

$3.32 ISK 414

0.30%

One-way Ticket (Public Transport)

$5.27 ISK 658

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

Taxi Start (Normal Tariff)

$6.29 ISK 785

$6.26 ISK 781

0.48%

Taxi (Normal Tariff) (1km)

$2.54 ISK 317

$2.53 ISK 316

0.40%

Taxi 1hour Waiting (Normal Tariff)

$85.3 ISK 10.6K

$85.2 ISK 10.6K

0.13%

Gasoline (1 liter)

$2.48 ISK 309

$2.57 ISK 321

-3.50%

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

$48K ISK 6M

$47.8K ISK 6M

0.46%

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

$51.2K ISK 6.4M

$52.4K ISK 6.5M

-2.21%

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

$87.5 ISK 10.9K

$86.5 ISK 10.8K

1.09%

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

$27.31 ISK 3,407

$26.91 ISK 3,357

1.49%

Internet (50+ Mbps, Unlimited Data)

$86.4 ISK 10.8K

$84.9 ISK 10.6K

1.71%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

Cinema Ticket

$17.67 ISK 2,204

$17.83 ISK 2,225

-0.90%

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

$319 ISK 39.8K

$318 ISK 39.7K

0.08%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

$29.9K ISK 3.7M

1.61%

Jeans (Levis 501 Or Similar)

$141 ISK 17.6K

0.16%

Summer Dress (H&M, Zara, etc)

$61.8 ISK 7,708

$62.4 ISK 7,785

-0.98%

Sport Shoes (Adidas, Nike)

$185 ISK 23.1K

$183 ISK 22.9K

0.93%

Men's Leather Business Shoes

$267 ISK 33.4K

$267 ISK 33.3K

0.23%

1-bedroom Apartment, City Center (Monthly)

$2,179 ISK 271.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 249.6K

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,726 ISK 340.1K

Buy Apartment in City Center (m2)

$7,821 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,501 ISK 811K

Average Monthly Net Salary (After Tax)

$6,036 ISK 753.1K

$4,376 ISK 546K

37.93%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Drangsnes: October 28, 2025

Last update for Reykjavik: October 28, 2025

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