Cost of Living Comparison Between Grundarfjordur and Reykjavik Cost of Living Comparison Between Grundarfjordur and Reykjavik

🙂 Solo nomad: Grundarfjordur is 17.5% cheaper than Reykjavik without rent, and 57.4% cheaper with rent.

🙂 Family of 3: Grundarfjordur is 4.8% cheaper than Reykjavik without rent, and 44.2% cheaper with rent.

Meal at Budget Restaurant

$27.16 ISK 3,399

$27.22 ISK 3,406

-0.22%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.2K

$145 ISK 18.1K

0.69%

Fast Food Meal (McDonalds, etc)

$22.44 ISK 2,809

$22.41 ISK 2,804

0.13%

Cappuccino

$6.02 ISK 753

$5.94 ISK 744

1.35%

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

$3.26 ISK 408

Water (0.33 liter bottle)

$2.55 ISK 319

$2.54 ISK 318

0.39%

Local Beer (0.5 liter draught)

$12.75 ISK 1,596

$12.83 ISK 1,606

-0.62%

Imported Beer (0.33 liter bottle)

$11.37 ISK 1,423

$11.46 ISK 1,434

-0.79%

Milk (1 liter)

$1.97 ISK 246

$1.88 ISK 236

4.79%

White Bread (500g)

$4.31 ISK 539

$4.33 ISK 542

-0.46%

Rice (white) (1kg)

$3.56 ISK 446

$3.57 ISK 447

-0.28%

Eggs

$6.44 ISK 806

$6.56 ISK 821

-1.83%

Local Cheese (1kg)

$17.88 ISK 2,237

$18.18 ISK 2,275

-1.65%

Chicken Fillets (1kg)

$23.87 ISK 2,987

$24.52 ISK 3,069

-2.65%

Beef Round Steak (1kg)

$42.87 ISK 5,365

$42.03 ISK 5,260

2.00%

Apples (1kg)

$3.26 ISK 408

$3.20 ISK 400

1.87%

Banana (1kg)

$2.44 ISK 306

$2.42 ISK 303

0.83%

Oranges (1kg)

$2.97 ISK 371

$3.06 ISK 383

-2.94%

Tomato (1kg)

$4.97 ISK 622

$4.86 ISK 609

2.26%

Potato (1kg)

$3.70 ISK 463

$3.66 ISK 458

1.09%

Onion (1kg)

$2.44 ISK 305

$2.34 ISK 293

4.27%

Lettuce (1 head)

$3.02 ISK 378

$3.14 ISK 393

-3.82%

Water (1.5 liter bottle)

$2.00 ISK 250

$2.02 ISK 253

-0.99%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 ISK 1,737

$13.91 ISK 1,741

-0.22%

Wine (Bottle)

$23.75 ISK 2,971

$23.74 ISK 2,971

0.04%

Local Beer (0.5 liter bottle)

$3.55 ISK 444

$3.69 ISK 462

-3.79%

Imported Beer (0.33 liter bottle)

$3.37 ISK 422

$3.23 ISK 404

4.33%

One-way Ticket (Public Transport)

$5.29 ISK 662

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

Taxi Start (Normal Tariff)

$6.37 ISK 798

$6.54 ISK 818

-2.60%

Taxi (Normal Tariff) (1km)

$2.65 ISK 332

$2.60 ISK 326

1.92%

Taxi 1hour Waiting (Normal Tariff)

$84.5 ISK 10.6K

$85.8 ISK 10.7K

-1.55%

Gasoline (1 liter)

$2.53 ISK 316

$2.51 ISK 315

0.80%

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

$46.5K ISK 5.8M

$47.1K ISK 5.9M

-1.35%

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

$51.5K ISK 6.4M

$52.6K ISK 6.6M

-2.00%

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

$86.3 ISK 10.8K

$89.2 ISK 11.2K

-3.25%

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

$27.56 ISK 3,449

$27.07 ISK 3,387

1.81%

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.5K

$84.2 ISK 10.5K

-0.32%

Gym Membership (Monthly)

$84.0 ISK 10.5K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.84 ISK 2,232

$17.42 ISK 2,180

2.41%

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

$315 ISK 39.4K

$324 ISK 40.5K

-2.62%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

$30.5K ISK 3.8M

-1.98%

Jeans (Levis 501 Or Similar)

$139 ISK 17.5K

$141 ISK 17.7K

-1.43%

Summer Dress (H&M, Zara, etc)

$61.0 ISK 7,638

$62.6 ISK 7,837

-2.54%

Sport Shoes (Adidas, Nike)

$179 ISK 22.4K

$183 ISK 22.9K

-2.24%

Men's Leather Business Shoes

$267 ISK 33.4K

$268 ISK 33.5K

-0.39%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

Buy Apartment in City Center (m2)

$7,833 ISK 980.2K

Buy Apartment Outside City Center (m2)

$1,171 ISK 146.6K

$6,268 ISK 784.4K

-81.31%

Average Monthly Net Salary (After Tax)

$4,471 ISK 559.5K

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 Grundarfjordur: March 3, 2026

Last update for Reykjavik: March 3, 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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