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

🙂 Solo nomad: Drangsnes is 3.2% cheaper than Reykjavik without rent, and 57.9% cheaper with rent.

🙂 Family of 3: Drangsnes is 20.3% cheaper than Reykjavik without rent, and 43% cheaper with rent.

Meal at Budget Restaurant

$27.39 ISK 3,451

$26.70 ISK 3,364

2.58%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18.1K

$145 ISK 18.2K

-0.44%

Fast Food Meal (McDonalds, etc)

$22.70 ISK 2,859

$22.39 ISK 2,820

1.38%

Cappuccino

$5.93 ISK 747

$6.06 ISK 764

-2.15%

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

$3.30 ISK 415

$3.28 ISK 414

0.61%

Water (0.33 liter bottle)

$2.54 ISK 320

$2.62 ISK 330

-3.05%

Local Beer (0.5 liter draught)

$12.88 ISK 1,623

$13.02 ISK 1,640

-1.08%

Imported Beer (0.33 liter bottle)

$11.16 ISK 1,406

$11.28 ISK 1,421

-1.06%

Milk (1 liter)

$1.89 ISK 239

$1.87 ISK 235

1.07%

White Bread (500g)

$4.23 ISK 533

$4.32 ISK 544

-2.08%

Rice (white) (1kg)

$3.74 ISK 471

$3.71 ISK 468

0.81%

Eggs

$6.24 ISK 786

$6.52 ISK 821

-4.29%

Local Cheese (1kg)

$18.36 ISK 2,312

$18.16 ISK 2,288

1.10%

Chicken Fillets (1kg)

$23.65 ISK 2,979

$23.83 ISK 3,002

-0.76%

Beef Round Steak (1kg)

$42.48 ISK 5,352

$42.83 ISK 5,395

-0.82%

Apples (1kg)

$3.32 ISK 419

$3.37 ISK 424

-1.48%

Banana (1kg)

$2.53 ISK 319

$2.50 ISK 315

1.20%

Oranges (1kg)

$3.09 ISK 390

$3.03 ISK 382

1.98%

Tomato (1kg)

$4.98 ISK 627

Potato (1kg)

$3.54 ISK 446

$3.66 ISK 461

-3.28%

Onion (1kg)

$2.44 ISK 307

$2.40 ISK 302

1.67%

Lettuce (1 head)

$3.17 ISK 399

$3.06 ISK 386

3.59%

Water (1.5 liter bottle)

$1.91 ISK 241

$2.01 ISK 253

-4.98%

Cigarettes 20 Pack (Marlboro, Camel)

$13.42 ISK 1,691

$13.82 ISK 1,741

-2.89%

Wine (Bottle)

$24.23 ISK 3,052

$23.58 ISK 2,971

2.76%

Local Beer (0.5 liter bottle)

$3.55 ISK 448

$3.55 ISK 447

Imported Beer (0.33 liter bottle)

$3.23 ISK 407

$3.24 ISK 408

-0.31%

One-way Ticket (Public Transport)

$5.19 ISK 654

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

Taxi Start (Normal Tariff)

$6.25 ISK 788

$6.18 ISK 778

1.13%

Taxi (Normal Tariff) (1km)

$2.52 ISK 317

$2.64 ISK 333

-4.55%

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.7K

$87.3 ISK 11.0K

-2.33%

Gasoline (1 liter)

$2.54 ISK 320

$2.56 ISK 322

-0.78%

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

$47.5K ISK 6.0M

$48.0K ISK 6.0M

-0.96%

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

$52.2K ISK 6.6M

$52.5K ISK 6.6M

-0.45%

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

$88.1 ISK 11.1K

$88.6 ISK 11.2K

-0.67%

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

$27.75 ISK 3,496

$27.96 ISK 3,522

-0.75%

Internet (50+ Mbps, Unlimited Data)

$85.1 ISK 10.7K

$84.7 ISK 10.7K

0.53%

Gym Membership (Monthly)

$81.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.38 ISK 2,189

$17.53 ISK 2,208

-0.86%

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

$328 ISK 41.3K

$316 ISK 39.7K

3.80%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

$30.1K ISK 3.8M

0.80%

Jeans (Levis 501 Or Similar)

$142 ISK 17.8K

$140 ISK 17.6K

1.38%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,887

$62.4 ISK 7,863

0.30%

Sport Shoes (Adidas, Nike)

$183 ISK 23.0K

$182 ISK 22.9K

0.37%

Men's Leather Business Shoes

$264 ISK 33.2K

0.02%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

Average Monthly Net Salary (After Tax)

$5,980 ISK 753.3K

$4,489 ISK 565.5K

33.21%

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: January 11, 2026

Last update for Reykjavik: January 10, 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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