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: $1,621 in Grundarfjordur versus $1,232 in Phuket.

Estimated couple costs with rent: $2,790 in Grundarfjordur versus $2,255 in Phuket.

Monthly costs for a family of three with rent: $3,960 in Grundarfjordur versus $3,279 in Phuket.

Living in Grundarfjordur is roughly 32% more expensive than Phuket, driven mainly by Eating Out.

The two cities straddle the global median: Grundarfjordur is 21% above, Phuket is 8% below.

Meal at Budget Restaurant

$26.87 ISK 3,290

$4.63 ฿151

480.35%

Three-Course Dinner for Two, Mid-Range

$147 ISK 18.0K

$46.84 ฿1,532

214.39%

Fast Food Meal (McDonalds, etc)

$22.88 ISK 2,802

$8.84 ฿289

158.82%

Cappuccino

$6.23 ISK 762

$3.00 ฿98.0

107.67%

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

$3.33 ISK 407

$0.74 ฿24.25

350.00%

Water (0.33 liter bottle)

$2.63 ISK 322

$0.37 ฿11.95

610.81%

Local Beer (0.5 liter draught)

$12.87 ISK 1,576

$2.44 ฿79.8

427.46%

Imported Beer (0.33 liter bottle)

$11.19 ISK 1,371

$3.61 ฿118

209.97%

Milk (1 liter)

$1.87 ISK 229

$2.26 ฿73.9

-17.26%

White Bread (500g)

$4.33 ISK 530

$1.84 ฿60.1

135.33%

Rice (white) (1kg)

$3.75 ISK 459

$2.24 ฿73.4

67.41%

Eggs

$6.48 ISK 793

$2.32 ฿75.7

179.31%

Local Cheese (1kg)

$18.46 ISK 2,260

$19.67 ฿643

-6.15%

Chicken Fillets (1kg)

$23.76 ISK 2,909

$3.65 ฿119

550.96%

Beef Round Steak (1kg)

$42.81 ISK 5,242

$13.10 ฿428

226.79%

Apples (1kg)

$3.33 ISK 407

$3.39 ฿111

-1.77%

Banana (1kg)

$2.44 ISK 299

$1.64 ฿53.7

48.78%

Oranges (1kg)

$3.04 ISK 372

$2.41 ฿79.0

26.14%

Tomato (1kg)

$4.91 ISK 601

$2.03 ฿66.4

141.87%

Potato (1kg)

$3.56 ISK 436

$1.56 ฿50.9

128.21%

Onion (1kg)

$2.32 ISK 284

$1.50 ฿48.94

54.67%

Lettuce (1 head)

$3.04 ISK 373

$1.02 ฿33.50

198.04%

Water (1.5 liter bottle)

$2.02 ISK 247

$0.49 ฿16.00

312.24%

Cigarettes 20 Pack (Marlboro, Camel)

$13.86 ISK 1,697

$4.45 ฿145

211.46%

Wine (Bottle)

$23.12 ISK 2,831

$18.88 ฿617

22.46%

Local Beer (0.5 liter bottle)

$3.63 ISK 444

$1.78 ฿58.1

103.93%

Imported Beer (0.33 liter bottle)

$3.36 ISK 412

$2.75 ฿90.1

22.18%

One-way Ticket (Public Transport)

$1.40 ฿45.81

Public Transport Monthly Pass (Regular Price)

$11.48 ฿376

Taxi Start (Normal Tariff)

$6.21 ISK 761

$3.12 ฿102

99.04%

Taxi (Normal Tariff) (1km)

$2.65 ISK 325

$1.00 ฿32.67

165.00%

Taxi 1hour Waiting (Normal Tariff)

$87.7 ISK 10.7K

$14.09 ฿461

522.64%

Gasoline (1 liter)

$2.45 ISK 299

$1.35 ฿44.19

81.48%

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

$46.4K ISK 5.7M

$27.2K ฿888.9K

70.71%

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

$51.7K ISK 6.3M

$32.9K ฿1.1M

57.17%

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

$86.3 ISK 10.6K

$125 ฿4,087

-30.92%

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

$27.70 ISK 3,391

$13.57 ฿444

104.13%

Internet (50+ Mbps, Unlimited Data)

$85.5 ISK 10.5K

$18.52 ฿606

361.66%

Gym Membership (Monthly)

$61.5 ฿2,010

Tennis Court (1 Hour on Weekend)

$16.84 ฿551

Cinema Ticket

$17.27 ISK 2,115

$9.19 ฿300

87.92%

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

$326 ISK 39.9K

$698 ฿22.8K

-53.34%

International Primary School, 1 Child (Yearly)

$29.8K ISK 3.7M

$15.6K ฿509.9K

91.27%

Jeans (Levis 501 Or Similar)

$136 ISK 16.7K

$57.8 ฿1,889

136.22%

Summer Dress (H&M, Zara, etc)

$61.6 ISK 7,545

$35.24 ฿1,152

74.86%

Sport Shoes (Adidas, Nike)

$185 ISK 22.6K

$113 ฿3,699

63.40%

Men's Leather Business Shoes

$264 ISK 32.3K

$86.4 ฿2,825

205.37%

1-bedroom Apartment, City Center (Monthly)

$616 ฿20.1K

1-bedroom Apartment, Outside City Center (Monthly)

$446 ฿14.6K

3-bedroom Apartment, City Center (Monthly)

$2,048 ฿67.0K

3-bedroom Apartment, Outside City Center (Monthly)

$1,492 ฿48.8K

Buy Apartment in City Center (m2)

$3,779 ฿123.6K

Buy Apartment Outside City Center (m2)

$1,175 ISK 143.8K

$2,649 ฿86.6K

-55.65%

Average Monthly Net Salary (After Tax)

$524 ฿17.1K

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: April 27, 2026

Last update for Phuket: April 27, 2026

Cost Breakdown

Dining out: $147 in Grundarfjordur vs $47.00 in Phuket for a mid-range dinner for two. Groceries echo the gap at $596 vs $292 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 32% 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 $2,432 in Grundarfjordur and $1,847 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 $1,621 per month in Grundarfjordur versus $1,232 in Phuket – a 32% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,232 in Phuket versus $1,621 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 $1,232 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 32% less than in Grundarfjordur. Beyond cost, consider language, visa policies, and how big the international community is in each city.