Last update: Oct 2026

Cost of Living Comparison Between Governador Valadares and Reykjavik

For one person, living is cheaper in Governador Valadares: $762 a month against $4,023 in Reykjavik, rent and utilities included – about $39,100 less a year. Rent and utilities account for most of the difference.

37

Cost of Living Index in Governador Valadares
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Governador Valadares Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Governador Valadares

🇧🇷 Brazil

$762

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $762 in Governador Valadares versus $4,023 in Reykjavik.

Governador Valadares $762
Reykjavik $4,023

Estimated couple costs with rent: $1,274 in Governador Valadares versus $5,708 in Reykjavik.

Governador Valadares $1,274
Reykjavik $5,708

Monthly costs for a family of three with rent: $1,786 in Governador Valadares versus $7,393 in Reykjavik.

Governador Valadares $1,786
Reykjavik $7,393

Living in Governador Valadares costs roughly 81% less than in Reykjavik, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Governador Valadares is 44% below, Reykjavik is 197% above.

Meal at Budget Restaurant

$5.11 R$25.91

$31.00 ISK 3,760

-83.52%

Three-Course Dinner for Two, Mid-Range

$26.15 R$133

$123 ISK 14.9K

-78.77%

Fast Food Meal (McDonalds, etc)

$9.35 R$47.37

$27.21 ISK 3,300

-65.64%

Cappuccino

$2.00 R$10.13

$6.90 ISK 837

-71.01%

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

$1.04 R$5.26

$3.30 ISK 401

-68.48%

Water (0.33 liter bottle)

$0.39 R$1.97

$3.16 ISK 384

-87.66%

Local Beer (0.5 liter draught)

$1.62 R$8.21

$13.84 ISK 1,678

-88.29%

Imported Beer (0.33 liter bottle)

$2.26 R$11.45

$12.46 ISK 1,512

-81.86%

Milk (1 liter)

$0.85 R$4.32

$2.06 ISK 250

-58.74%

White Bread (500g)

$1.45 R$7.36

$4.11 ISK 498

-64.72%

Rice (white) (1kg)

$1.26 R$6.41

$3.68 ISK 446

-65.76%

Eggs

$2.12 R$10.74

$7.27 ISK 882

-70.84%

Local Cheese (1kg)

$7.14 R$36.17

$21.79 ISK 2,643

-67.23%

Chicken Fillets (1kg)

$3.84 R$19.46

$23.95 ISK 2,905

-83.97%

Beef Round Steak (1kg)

$6.05 R$30.69

$41.43 ISK 5,025

-85.40%

Apples (1kg)

$2.64 R$13.40

$3.42 ISK 414

-22.81%

Banana (1kg)

$1.28 R$6.49

$2.84 ISK 344

-54.93%

Oranges (1kg)

$1.33 R$6.74

$3.23 ISK 391

-58.82%

Tomato (1kg)

$2.10 R$10.64

$6.46 ISK 783

-67.49%

Potato (1kg)

$1.33 R$6.75

$4.05 ISK 491

-67.16%

Onion (1kg)

$1.06 R$5.36

$1.66 ISK 202

-36.14%

Lettuce (1 head)

$0.72 R$3.65

$3.86 ISK 468

-81.35%

Water (1.5 liter bottle)

$0.83 R$4.20

$1.84 ISK 223

-54.89%

Cigarettes 20 Pack (Marlboro, Camel)

$2.55 R$12.91

$13.96 ISK 1,693

-81.73%

Wine (Bottle)

$6.21 R$31.50

$23.76 ISK 2,882

-73.86%

Local Beer (0.5 liter bottle)

$1.24 R$6.29

$3.54 ISK 430

-64.97%

Imported Beer (0.33 liter bottle)

$2.66 R$13.51

$3.44 ISK 418

-22.67%

One-way Ticket (Public Transport)

$0.90 R$4.55

$5.81 ISK 705

-84.51%

Public Transport Monthly Pass (Regular Price)

$44.23 R$224

$95.3 ISK 11.6K

-53.60%

Taxi Start (Normal Tariff)

$1.10 R$5.59

$6.72 ISK 815

-83.63%

Taxi (Normal Tariff) (1km)

$0.95 R$4.83

$2.81 ISK 340

-66.19%

Taxi 1hour Waiting (Normal Tariff)

$8.12 R$41.18

$81.3 ISK 9,866

-90.02%

Gasoline (1 liter)

$1.12 R$5.69

$2.12 ISK 257

-47.17%

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

$23.8K R$120.5K

$68.9K ISK 8.4M

-65.52%

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

$25.2K R$127.7K

$55.8K ISK 6.8M

-54.87%

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

$76.7 R$389

$95.8 ISK 11.6K

-19.92%

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

$12.29 R$62.3

$33.11 ISK 4,016

-62.88%

Internet (50+ Mbps, Unlimited Data)

$21.29 R$108

$87.2 ISK 10.6K

-75.57%

Gym Membership (Monthly)

$24.27 R$123

$101 ISK 12.3K

-75.99%

Tennis Court (1 Hour on Weekend)

$27.98 R$142

$50.7 ISK 6,155

-44.86%

Cinema Ticket

$8.40 R$42.58

$19.85 ISK 2,407

-57.68%

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

$282 R$1,431

$1,195 ISK 144.9K

-76.37%

International Primary School, 1 Child (Yearly)

$7,642 R$38.7K

$26.2K ISK 3.2M

-70.86%

Jeans (Levis 501 Or Similar)

$21.74 R$110

$148 ISK 18.0K

-85.34%

Summer Dress (H&M, Zara, etc)

$50.3 R$255

$66.8 ISK 8,096

-24.58%

Sport Shoes (Adidas, Nike)

$87.8 R$445

$187 ISK 22.6K

-52.96%

Men's Leather Business Shoes

$68.8 R$349

$253 ISK 30.6K

-72.78%

1-bedroom Apartment, City Center (Monthly)

$240 R$1,218

$2,579 ISK 312.8K

-90.68%

1-bedroom Apartment, Outside City Center (Monthly)

$168 R$851

$2,080 ISK 252.3K

-91.93%

3-bedroom Apartment, City Center (Monthly)

$657 R$3,333

$3,455 ISK 419.0K

-80.97%

3-bedroom Apartment, Outside City Center (Monthly)

$465 R$2,358

$2,752 ISK 333.8K

-83.10%

Buy Apartment in City Center (m2)

$1,352 R$6,856

$7,933 ISK 962.2K

-82.95%

Buy Apartment Outside City Center (m2)

$1,419 R$7,195

$6,377 ISK 773.5K

-77.74%

Average Monthly Net Salary (After Tax)

$327 R$1,658

$4,695 ISK 569.5K

-93.03%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

24.86%

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

Last update for Governador Valadares: October 18, 2026

Last update for Reykjavik: October 20, 2026

Monthly budget structure

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

Groceries & Markets

Governador Valadares

$175 23%

Reykjavik

$619 15.4% 254% $444

Accommodation & Living

Governador Valadares

$168 22%

Reykjavik

$2.1K 51.7% 1139% $1.9K

Eating Out

Governador Valadares

$111 14.6%

Reykjavik

$532 13.2% 379% $421

Monthly Utilities & Internet

Governador Valadares

$110 14.5%

Reykjavik

$216 5.4% 95.9% $106

Clothing & Footwear

Governador Valadares

$103 13.5%

Reykjavik

$294 7.3% 186% $192

Getting Around

Governador Valadares

$54 7.1%

Reykjavik

$139 3.5% 160% $86

Sport & Entertainment

Governador Valadares

$41 5.4%

Reykjavik

$141 3.5% 243% $100

Cost Breakdown

A one-bedroom apartment in the center runs $240 in Governador Valadares and $2,579 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 1335% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $26.00 in Governador Valadares vs $123 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $175 vs $619 per month, with Governador Valadares cheaper across the board.

Good to know

🇧🇷 Governador Valadares

🇮🇸 Reykjavik

🕒 Local time

11:31 11:31 AM

14:31 2:31 PM

3 h ahead of Governador Valadares

🌤 Weather

👥 Population

257,171

136,894 Capital

💱 Currency

Brazilian Real BRL R$

Icelandic Króna ISK kr

📈 Exchange rate

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to BRL – Brazilian Real Converter

🇺🇸 United States Dollar ($)

🇧🇷 Brazilian Real (R$)

Brazilian Real exchange rates as of October 20, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

Icelandic Króna exchange rates as of October 20, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to BRL in detail →

On the map

Lowest

Highest

Between locations

Governador Valadares Reykjavik 9,390 km ≈ 12 h nonstop flight

From you

Governador Valadares
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

Governador Valadares vs Reykjavik: Cost of Living - Frequently Asked Questions

Governador Valadares is cheaper overall, especially in groceries, eating out, and clothing. The 428% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 1335% lower in Reykjavik. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $240 in Governador Valadares versus $2,579 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 254% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Governador Valadares – a meal for two runs $26.00 versus $123 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

At $762 in Governador Valadares versus $4,023 in Reykjavik, a $1,500 budget is realistic in Governador Valadares but tight or insufficient in Reykjavik. The gap between the two cities makes Governador Valadares the clear choice for anyone on this budget.

For families, Governador Valadares is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Governador Valadares and Reykjavik are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Governador Valadares gentler on the wallet – expenses run 428% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.