Last update: Oct 2026

Cost of Living Comparison Between Grundarfjordur and Phuket

For one person, living is cheaper in Phuket: $1,207 a month against $1,722 in Grundarfjordur, rent and utilities included – about $6,200 less a year. The total is higher in Grundarfjordur despite lower rent and utilities.

84

Cost of Living Index in Grundarfjordur
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Grundarfjordur Living Index
59

Cost of Living Index in Phuket
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Phuket Living Index

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Grundarfjordur

🇮🇸 Iceland

$1,722

/mo nomad

Phuket

🇹🇭 Thailand

$1,207

/mo nomad

Monthly Cost of Living

How much you'll spend in Grundarfjordur and in Phuket

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Grundarfjordur and in Phuket actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,722 in Grundarfjordur versus $1,207 in Phuket.

Grundarfjordur $1,722
Phuket $1,207

Estimated couple costs with rent: $2,930 in Grundarfjordur versus $2,037 in Phuket.

Grundarfjordur $2,930
Phuket $2,037

Monthly costs for a family of three with rent: $4,138 in Grundarfjordur versus $2,867 in Phuket.

Grundarfjordur $4,138
Phuket $2,867

Living in Grundarfjordur is roughly 43% more expensive than in Phuket, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Grundarfjordur is 28% above, Phuket is 11% below.

Meal at Budget Restaurant

$31.43 ISK 3,812

$4.58 ฿153

586.24%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$32.48 ฿1,085

277.37%

Fast Food Meal (McDonalds, etc)

$27.34 ISK 3,316

$8.55 ฿286

219.77%

Cappuccino

$6.73 ISK 816

$2.72 ฿90.9

147.43%

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

$3.35 ISK 406

$0.94 ฿31.23

256.38%

Water (0.33 liter bottle)

$3.02 ISK 367

$0.49 ฿16.38

516.33%

Local Beer (0.5 liter draught)

$13.78 ISK 1,671

$2.59 ฿86.5

432.05%

Imported Beer (0.33 liter bottle)

$12.34 ISK 1,496

$3.83 ฿128

222.19%

Milk (1 liter)

$2.11 ISK 255

$1.74 ฿58.0

21.26%

White Bread (500g)

$4.31 ISK 523

$1.43 ฿47.80

201.40%

Rice (white) (1kg)

$3.60 ISK 437

$1.53 ฿51.0

135.29%

Eggs

$7.15 ISK 867

$2.17 ฿72.6

229.49%

Local Cheese (1kg)

$21.52 ISK 2,610

$19.15 ฿640

12.38%

Chicken Fillets (1kg)

$24.59 ISK 2,983

$3.30 ฿110

645.15%

Beef Round Steak (1kg)

$41.30 ISK 5,010

$11.14 ฿372

270.74%

Apples (1kg)

$3.23 ISK 392

$2.95 ฿98.5

9.49%

Banana (1kg)

$2.88 ISK 349

$1.68 ฿56.1

71.43%

Oranges (1kg)

$3.27 ISK 396

$2.30 ฿76.8

42.17%

Tomato (1kg)

$6.39 ISK 776

$2.13 ฿71.2

200.00%

Potato (1kg)

$3.96 ISK 480

$1.53 ฿51.1

158.82%

Onion (1kg)

$1.68 ISK 204

$1.36 ฿45.52

23.53%

Lettuce (1 head)

$3.67 ISK 445

$1.12 ฿37.42

227.68%

Water (1.5 liter bottle)

$1.83 ISK 222

$0.55 ฿18.23

232.73%

Cigarettes 20 Pack (Marlboro, Camel)

$13.67 ISK 1,658

$4.26 ฿142

220.89%

Wine (Bottle)

$23.72 ISK 2,877

$18.19 ฿608

30.40%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.74 ฿58.2

102.87%

Imported Beer (0.33 liter bottle)

$3.48 ISK 423

$2.79 ฿93.3

24.73%

One-way Ticket (Public Transport)

$2.22 ฿74.0

Public Transport Monthly Pass (Regular Price)

$22.06 ฿737

Taxi Start (Normal Tariff)

$6.67 ISK 809

$2.91 ฿97.3

129.21%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.01 ฿33.77

187.13%

Taxi 1hour Waiting (Normal Tariff)

$81.7 ISK 9,913

$3.83 ฿128

2033.94%

Gasoline (1 liter)

$2.02 ISK 245

$1.49 ฿49.82

35.57%

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

$51.5K ISK 6.2M

$26.7K ฿891.1K

93.07%

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

$52.9K ISK 6.4M

$26.7K ฿892.1K

98.15%

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

$97.1 ISK 11.8K

$99.4 ฿3,319

-2.30%

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

$32.85 ISK 3,985

$11.28 ฿377

191.22%

Internet (50+ Mbps, Unlimited Data)

$85.2 ISK 10.3K

$17.36 ฿580

390.55%

Gym Membership (Monthly)

$52.3 ฿1,746

Tennis Court (1 Hour on Weekend)

$10.85 ฿362

Cinema Ticket

$19.40 ISK 2,353

$7.57 ฿253

156.27%

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

$1,191 ISK 144.4K

$558 ฿18.6K

113.28%

International Primary School, 1 Child (Yearly)

$25.8K ISK 3.1M

$11.5K ฿383.7K

124.44%

Jeans (Levis 501 Or Similar)

$147 ISK 17.8K

$62.9 ฿2,100

133.27%

Summer Dress (H&M, Zara, etc)

$66.1 ISK 8,022

$28.58 ฿955

131.42%

Sport Shoes (Adidas, Nike)

$185 ISK 22.5K

$96.1 ฿3,211

92.91%

Men's Leather Business Shoes

$253 ISK 30.7K

$88.1 ฿2,941

187.29%

1-bedroom Apartment, City Center (Monthly)

$729 ฿24.4K

1-bedroom Apartment, Outside City Center (Monthly)

$460 ฿15.4K

3-bedroom Apartment, City Center (Monthly)

$2,096 ฿70.0K

3-bedroom Apartment, Outside City Center (Monthly)

$1,222 ฿40.8K

Buy Apartment in City Center (m2)

$3,459 ฿115.5K

Buy Apartment Outside City Center (m2)

$1,121 ISK 135.9K

$2,489 ฿83.1K

-54.97%

Average Monthly Net Salary (After Tax)

$493 ฿16.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

5.57

58.17%

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

Last update for Grundarfjordur: October 10, 2026

Last update for Phuket: October 13, 2026

Monthly budget structure

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

Groceries & Markets

Grundarfjordur

$621 36.1%

Phuket

$268 22.2% 56.9% $354

Eating Out

Grundarfjordur

$533 31%

Phuket

$121 10.1% 77.2% $412

Clothing & Footwear

Grundarfjordur

$293 17%

Phuket

$124 10.3% 57.7% $169

Monthly Utilities & Internet

Grundarfjordur

$215 12.5%

Phuket

$128 10.6% 40.5% $87

Sport & Entertainment

Grundarfjordur

$39 * 2.3%

Phuket

$67 5.6% 73.8% $29

Getting Around

Grundarfjordur

$21 * 1.2%

Phuket

$39 3.2% 83.6% $18

Accommodation & Living

Grundarfjordur

- * 0%

Phuket

$460 38.1%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Dining out: $123 in Grundarfjordur vs $32.00 in Phuket for a mid-range dinner for two. Groceries echo the gap at $621 vs $268 per month, with Phuket cheaper across the board.

Good to know

🇮🇸 Grundarfjordur

🇹🇭 Phuket

🕒 Local time

19:00 7:00 PM

02:00 2:00 AM

7 h ahead of Grundarfjordur

🌤 Weather

👥 Population

800

79,308

💱 Currency

Icelandic Króna ISK kr

Thai Baht THB ฿

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 EUR

100 THB = 2.99 USD

100 THB = 2.67 EUR

Exchange rates and currency converter

THB, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 16, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

Thai Baht exchange rates as of October 16, 2026: 1 USD = 33.4 THB (100 THB = 2.99 USD). 1 EUR = 37.46 THB (100 THB = 2.67 EUR).

USD to ISK in detail →

On the map

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Between locations

Grundarfjordur Phuket 10,620 km ≈ 14 h nonstop flight

From you

Grundarfjordur
Phuket

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

Grundarfjordur vs Phuket: Cost of Living - Frequently Asked Questions

Phuket wins on cost – living expenses run 43% 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 $2,584 in Grundarfjordur and $1,811 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 132% higher in Grundarfjordur. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,722 per month in Grundarfjordur versus $1,207 in Phuket – a 43% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,207 in Phuket versus $1,722 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 $1,207 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 43% less than in Grundarfjordur. Beyond cost, consider language, visa policies, and how big the international community is in each city.