Cost of Living Comparison Between Grundarfjordur and Phuket Cost of Living Comparison Between Grundarfjordur and Phuket

Monthly Cost of Living

Monthly costs for one person with rent: $1,624 in Grundarfjordur versus $1,264 in Phuket.

Estimated couple costs with rent: $2,827 in Grundarfjordur versus $2,256 in Phuket.

Monthly costs for a family of three with rent: $4,029 in Grundarfjordur versus $3,248 in Phuket.

Living in Grundarfjordur is roughly 28% more expensive than in Phuket, driven mainly by Eating Out.

The two cities straddle the global median: Grundarfjordur is 22% above, Phuket is 5% below.

Meal at Budget Restaurant

$26.96 ISK 3,332

$4.48 ฿150

501.79%

Three-Course Dinner for Two, Mid-Range

$147 ISK 18.1K

$45.59 ฿1,521

221.47%

Fast Food Meal (McDonalds, etc)

$22.30 ISK 2,756

$8.76 ฿292

154.57%

Cappuccino

$6.09 ISK 753

$2.97 ฿99.0

105.05%

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

$3.38 ISK 418

$0.69 ฿22.90

389.86%

Water (0.33 liter bottle)

$2.59 ISK 321

$0.39 ฿13.04

564.10%

Local Beer (0.5 liter draught)

$12.80 ISK 1,583

$2.53 ฿84.4

405.93%

Imported Beer (0.33 liter bottle)

$11.16 ISK 1,380

$3.75 ฿125

197.60%

Milk (1 liter)

$1.86 ISK 231

$2.15 ฿71.6

-13.49%

White Bread (500g)

$4.30 ISK 532

$1.82 ฿60.6

136.26%

Rice (white) (1kg)

$3.73 ISK 461

$2.18 ฿72.9

71.10%

Eggs

$6.26 ISK 774

$2.25 ฿75.0

178.22%

Local Cheese (1kg)

$18.28 ISK 2,260

$20.00 ฿667

-8.60%

Chicken Fillets (1kg)

$23.62 ISK 2,920

$3.63 ฿121

550.69%

Beef Round Steak (1kg)

$42.85 ISK 5,296

$13.56 ฿452

216.00%

Apples (1kg)

$3.21 ISK 397

$3.24 ฿108

-0.93%

Banana (1kg)

$2.49 ISK 308

$1.64 ฿54.6

51.83%

Oranges (1kg)

$3.13 ISK 387

$2.33 ฿77.8

34.33%

Tomato (1kg)

$4.92 ISK 608

$2.07 ฿69.1

137.68%

Potato (1kg)

$3.69 ISK 456

$1.55 ฿51.6

138.06%

Onion (1kg)

$2.36 ISK 292

$1.46 ฿48.54

61.64%

Lettuce (1 head)

$3.20 ISK 396

$0.98 ฿32.86

226.53%

Water (1.5 liter bottle)

$1.93 ISK 239

$0.48 ฿16.09

302.08%

Cigarettes 20 Pack (Marlboro, Camel)

$13.58 ISK 1,679

$4.35 ฿145

212.18%

Wine (Bottle)

$23.20 ISK 2,868

$18.57 ฿620

24.93%

Local Beer (0.5 liter bottle)

$3.61 ISK 446

$1.86 ฿61.9

94.09%

Imported Beer (0.33 liter bottle)

$3.33 ISK 411

$2.65 ฿88.6

25.66%

One-way Ticket (Public Transport)

$1.42 ฿47.28

Public Transport Monthly Pass (Regular Price)

$11.57 ฿386

Taxi Start (Normal Tariff)

$6.48 ISK 802

$3.17 ฿106

104.42%

Taxi (Normal Tariff) (1km)

$2.65 ISK 327

$1.03 ฿34.41

157.28%

Taxi 1hour Waiting (Normal Tariff)

$85.4 ISK 10.6K

$13.89 ฿463

514.90%

Gasoline (1 liter)

$2.45 ISK 303

$1.34 ฿44.84

82.84%

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

$47.6K ISK 5.9M

$27.8K ฿927.1K

71.13%

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

$51.8K ISK 6.4M

$33.4K ฿1.1M

55.22%

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

$87.7 ISK 10.8K

$123 ฿4,105

-28.76%

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

$27.85 ISK 3,443

$13.77 ฿459

102.25%

Internet (50+ Mbps, Unlimited Data)

$85.3 ISK 10.5K

$18.33 ฿611

365.41%

Gym Membership (Monthly)

$60.7 ฿2,025

Tennis Court (1 Hour on Weekend)

$17.16 ฿573

Cinema Ticket

$17.37 ISK 2,147

$8.87 ฿296

95.83%

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

$323 ISK 39.9K

$688 ฿22.9K

-53.08%

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.7M

$15.8K ฿526.4K

91.29%

Jeans (Levis 501 Or Similar)

$140 ISK 17.3K

$59.3 ฿1,978

135.77%

Summer Dress (H&M, Zara, etc)

$60.8 ISK 7,509

$34.69 ฿1,157

75.15%

Sport Shoes (Adidas, Nike)

$184 ISK 22.7K

$115 ฿3,843

59.58%

Men's Leather Business Shoes

$268 ISK 33.1K

$83.8 ฿2,794

219.41%

1-bedroom Apartment, City Center (Monthly)

$621 ฿20.7K

1-bedroom Apartment, Outside City Center (Monthly)

$446 ฿14.9K

3-bedroom Apartment, City Center (Monthly)

$2,034 ฿67.8K

3-bedroom Apartment, Outside City Center (Monthly)

$1,496 ฿49.9K

Buy Apartment in City Center (m2)

$3,455 ฿115.3K

Buy Apartment Outside City Center (m2)

$1,122 ISK 138.7K

$2,531 ฿84.4K

-55.67%

Average Monthly Net Salary (After Tax)

$494 ฿16.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

5.33

80.68%

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

Last update for Grundarfjordur: July 28, 2026

Last update for Phuket: July 27, 2026

Cost Breakdown

Dining out: $147 in Grundarfjordur vs $46.00 in Phuket for a mid-range dinner for two. Groceries echo the gap at $594 vs $291 per month, with Phuket cheaper across the board.

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

Grundarfjordur vs Phuket: Cost of Living - Frequently Asked Questions

Phuket wins on cost – living expenses run 28% lower than in Grundarfjordur. Housing and daily spending are where you'll feel the difference most, making Phuket the obvious pick if budget is a priority.

You'd need roughly $2,436 in Grundarfjordur and $1,896 in Phuket to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Supermarket bills run roughly 104% higher in Grundarfjordur. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,624 per month in Grundarfjordur versus $1,264 in Phuket – a 28% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,264 in Phuket versus $1,624 in Grundarfjordur, a $1,500 budget is realistic in Phuket but tight or insufficient in Grundarfjordur. The gap between the two cities makes Phuket the clear choice for anyone on this budget.

Both work as nomad bases, but Phuket delivers better value – similar infrastructure at $1,264 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Phuket hard to pass up.

Safety-wise, Grundarfjordur and Phuket 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 Phuket gentler on the wallet – expenses run 28% less than in Grundarfjordur. Beyond cost, consider language, visa policies, and how big the international community is in each city.