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

🙂 Solo nomad: Grundarfjordur is 18% cheaper than Reykjavik without rent, and 58.2% cheaper with rent.

🙂 Family of 3: Grundarfjordur is 21.8% cheaper than Reykjavik without rent, and 44.4% cheaper with rent.

Meal at Budget Restaurant

$26.89 ISK 3,354

$26.9 ISK 3,355

-0.04%

Three-Course Dinner for Two, Mid-Range

$143 ISK 17.8K

$146 ISK 18.3K

-2.30%

Fast Food Meal (McDonalds, etc)

$22.13 ISK 2,761

$22.18 ISK 2,767

-0.23%

Cappuccino

$6.16 ISK 769

$6.08 ISK 758

1.32%

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

$3.24 ISK 404

$3.4 ISK 424

-4.71%

Water (0.33 liter bottle)

$2.51 ISK 313

$2.5 ISK 312

0.40%

Local Beer (0.5 liter draught)

$12.69 ISK 1,583

$12.96 ISK 1,617

-2.08%

Imported Beer (0.33 liter bottle)

$11.45 ISK 1,428

$11.05 ISK 1,379

3.62%

Milk (1 liter)

$1.93 ISK 241

$1.88 ISK 234

2.66%

White Bread (500g)

$4.39 ISK 547

$4.26 ISK 531

3.05%

Rice (white) (1kg)

$3.67 ISK 458

Eggs

$6.52 ISK 814

$6.51 ISK 813

0.15%

Local Cheese (1kg)

$18.17 ISK 2,266

$17.83 ISK 2,224

1.91%

Chicken Fillets (1kg)

$24.29 ISK 3,030

$24.1 ISK 3,006

0.79%

Beef Round Steak (1kg)

$41.67 ISK 5,198

$43.22 ISK 5,391

-3.59%

Apples (1kg)

$3.24 ISK 404

$3.19 ISK 397

1.57%

Banana (1kg)

$2.5 ISK 311

$2.54 ISK 317

-1.57%

Oranges (1kg)

$2.99 ISK 373

$3.09 ISK 386

-3.24%

Tomato (1kg)

$4.97 ISK 621

$5.03 ISK 628

-1.19%

Potato (1kg)

$3.68 ISK 459

$3.59 ISK 447

2.51%

Onion (1kg)

$2.39 ISK 298

$2.4 ISK 300

-0.42%

Lettuce (1 head)

$3.15 ISK 393

$3.08 ISK 384

2.27%

Water (1.5 liter bottle)

$1.95 ISK 243

$2.01 ISK 250

-2.99%

Cigarettes 20 Pack (Marlboro, Camel)

$13.79 ISK 1,720

$13.9 ISK 1,734

-0.79%

Wine (Bottle)

$24.42 ISK 3,047

$23.87 ISK 2,978

2.30%

Local Beer (0.5 liter bottle)

$3.73 ISK 466

$3.62 ISK 452

3.04%

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

One-way Ticket (Public Transport)

$5.27 ISK 658

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

Taxi Start (Normal Tariff)

$6.49 ISK 810

$6.26 ISK 781

3.67%

Taxi (Normal Tariff) (1km)

$2.66 ISK 331

$2.53 ISK 316

5.14%

Taxi 1hour Waiting (Normal Tariff)

$85.7 ISK 10.7K

$85.2 ISK 10.6K

0.50%

Gasoline (1 liter)

$2.43 ISK 304

$2.57 ISK 321

-5.45%

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

$47.9K ISK 6M

$47.8K ISK 6M

0.29%

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

$52.3K ISK 6.5M

$52.4K ISK 6.5M

-0.20%

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

$88.5 ISK 11K

$86.5 ISK 10.8K

2.30%

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

$27.54 ISK 3,436

$26.91 ISK 3,357

2.34%

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.5K

$84.9 ISK 10.6K

-1.24%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

Cinema Ticket

$17.39 ISK 2,170

$17.83 ISK 2,225

-2.47%

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

$318 ISK 39.6K

$318 ISK 39.7K

-0.30%

International Primary School, 1 Child (Yearly)

$30.7K ISK 3.8M

$29.9K ISK 3.7M

2.50%

Jeans (Levis 501 Or Similar)

$139 ISK 17.3K

$141 ISK 17.6K

-1.62%

Summer Dress (H&M, Zara, etc)

$61 ISK 7,607

$62.4 ISK 7,785

-2.28%

Sport Shoes (Adidas, Nike)

$183 ISK 22.8K

$183 ISK 22.9K

-0.39%

Men's Leather Business Shoes

$268 ISK 33.4K

$267 ISK 33.3K

0.35%

1-bedroom Apartment, City Center (Monthly)

$2,179 ISK 271.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 249.6K

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,726 ISK 340.1K

Buy Apartment in City Center (m2)

$7,821 ISK 975.7K

Buy Apartment Outside City Center (m2)

$1,147 ISK 143.1K

$6,501 ISK 811K

-82.35%

Average Monthly Net Salary (After Tax)

$4,376 ISK 546K

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: October 27, 2025

Last update for Reykjavik: October 28, 2025

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