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

🙂 Solo nomad: Drangsnes is 0.3% cheaper than Reykjavik without rent, and 57.9% cheaper with rent.

🙂 Family of 3: Drangsnes is 20.6% cheaper than Reykjavik without rent, and 43.3% cheaper with rent.

Meal at Budget Restaurant

$27.44 ISK 3,434

$27.22 ISK 3,406

0.81%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.8K

$145 ISK 18.1K

-1.80%

Fast Food Meal (McDonalds, etc)

$22.81 ISK 2,855

$22.41 ISK 2,804

1.78%

Cappuccino

$6.01 ISK 752

$5.94 ISK 744

1.18%

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

$3.26 ISK 408

Water (0.33 liter bottle)

$2.56 ISK 320

$2.54 ISK 318

0.79%

Local Beer (0.5 liter draught)

$12.62 ISK 1,580

$12.83 ISK 1,606

-1.64%

Imported Beer (0.33 liter bottle)

$11.04 ISK 1,381

$11.46 ISK 1,434

-3.66%

Milk (1 liter)

$1.92 ISK 240

$1.88 ISK 236

2.13%

White Bread (500g)

$4.31 ISK 540

$4.33 ISK 542

-0.46%

Rice (white) (1kg)

$3.70 ISK 464

$3.57 ISK 447

3.64%

Eggs

$6.23 ISK 780

$6.56 ISK 821

-5.03%

Local Cheese (1kg)

$18.39 ISK 2,301

$18.18 ISK 2,275

1.16%

Chicken Fillets (1kg)

$24.00 ISK 3,004

$24.52 ISK 3,069

-2.12%

Beef Round Steak (1kg)

$41.82 ISK 5,234

$42.03 ISK 5,260

-0.50%

Apples (1kg)

$3.23 ISK 405

$3.20 ISK 400

0.94%

Banana (1kg)

$2.54 ISK 318

$2.42 ISK 303

4.96%

Oranges (1kg)

$3.02 ISK 377

$3.06 ISK 383

-1.31%

Tomato (1kg)

$4.93 ISK 617

$4.86 ISK 609

1.44%

Potato (1kg)

$3.57 ISK 447

$3.66 ISK 458

-2.46%

Onion (1kg)

$2.39 ISK 299

$2.34 ISK 293

2.14%

Lettuce (1 head)

$3.16 ISK 396

$3.14 ISK 393

0.64%

Water (1.5 liter bottle)

$1.91 ISK 239

$2.02 ISK 253

-5.45%

Cigarettes 20 Pack (Marlboro, Camel)

$13.75 ISK 1,721

$13.91 ISK 1,741

-1.15%

Wine (Bottle)

$24.27 ISK 3,038

$23.74 ISK 2,971

2.23%

Local Beer (0.5 liter bottle)

$3.56 ISK 446

$3.69 ISK 462

-3.52%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

One-way Ticket (Public Transport)

$5.29 ISK 662

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

Taxi Start (Normal Tariff)

$6.39 ISK 800

$6.54 ISK 818

-2.29%

Taxi (Normal Tariff) (1km)

$2.54 ISK 318

$2.60 ISK 326

-2.31%

Taxi 1hour Waiting (Normal Tariff)

$86.9 ISK 10.9K

$85.8 ISK 10.7K

1.33%

Gasoline (1 liter)

$2.48 ISK 311

$2.51 ISK 315

-1.20%

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

$47.6K ISK 6.0M

$47.1K ISK 5.9M

1.02%

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

$52.6K ISK 6.6M

0.02%

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

$87.2 ISK 10.9K

$89.2 ISK 11.2K

-2.22%

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

$27.39 ISK 3,428

$27.07 ISK 3,387

1.18%

Internet (50+ Mbps, Unlimited Data)

$85.6 ISK 10.7K

$84.2 ISK 10.5K

1.70%

Gym Membership (Monthly)

$84.0 ISK 10.5K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.47 ISK 2,186

$17.42 ISK 2,180

0.29%

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

$315 ISK 39.5K

$324 ISK 40.5K

-2.56%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$30.5K ISK 3.8M

-2.57%

Jeans (Levis 501 Or Similar)

$139 ISK 17.4K

$141 ISK 17.7K

-1.86%

Summer Dress (H&M, Zara, etc)

$62.8 ISK 7,860

$62.6 ISK 7,837

0.29%

Sport Shoes (Adidas, Nike)

$186 ISK 23.3K

$183 ISK 22.9K

1.47%

Men's Leather Business Shoes

$270 ISK 33.7K

$268 ISK 33.5K

0.61%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

Buy Apartment in City Center (m2)

$7,833 ISK 980.2K

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

Average Monthly Net Salary (After Tax)

$6,007 ISK 751.7K

$4,471 ISK 559.5K

34.36%

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: March 1, 2026

Last update for Reykjavik: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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