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

🙂 Solo nomad: Grundarfjordur is 9% cheaper than Reykjavik without rent, and 58.6% cheaper with rent.

🙂 Family of 3: Grundarfjordur is 8.1% cheaper than Reykjavik without rent, and 44.5% cheaper with rent.

Meal at Budget Restaurant

$26.40 ISK 3,325

$26.70 ISK 3,364

-1.12%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.4K

$145 ISK 18.2K

0.91%

Fast Food Meal (McDonalds, etc)

$22.44 ISK 2,826

$22.39 ISK 2,820

0.22%

Cappuccino

$6.22 ISK 784

$6.06 ISK 764

2.64%

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

$3.26 ISK 410

$3.28 ISK 414

-0.61%

Water (0.33 liter bottle)

$2.61 ISK 329

$2.62 ISK 330

-0.38%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

Imported Beer (0.33 liter bottle)

$11.37 ISK 1,432

$11.28 ISK 1,421

0.80%

Milk (1 liter)

$1.88 ISK 237

$1.87 ISK 235

0.53%

White Bread (500g)

$4.28 ISK 540

$4.32 ISK 544

-0.93%

Rice (white) (1kg)

$3.59 ISK 452

$3.71 ISK 468

-3.23%

Eggs

$6.36 ISK 801

$6.52 ISK 821

-2.45%

Local Cheese (1kg)

$18.19 ISK 2,292

$18.16 ISK 2,288

0.17%

Chicken Fillets (1kg)

$23.73 ISK 2,990

$23.83 ISK 3,002

-0.42%

Beef Round Steak (1kg)

$42.57 ISK 5,362

$42.83 ISK 5,395

-0.61%

Apples (1kg)

$3.31 ISK 417

$3.37 ISK 424

-1.78%

Banana (1kg)

$2.49 ISK 313

$2.50 ISK 315

-0.40%

Oranges (1kg)

$3.03 ISK 381

$3.03 ISK 382

Tomato (1kg)

$4.88 ISK 614

$4.98 ISK 627

-2.01%

Potato (1kg)

$3.66 ISK 460

$3.66 ISK 461

Onion (1kg)

$2.32 ISK 293

$2.40 ISK 302

-3.33%

Lettuce (1 head)

$3.14 ISK 395

$3.06 ISK 386

2.61%

Water (1.5 liter bottle)

$1.99 ISK 251

$2.01 ISK 253

-1.00%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

Wine (Bottle)

$24.19 ISK 3,047

$23.58 ISK 2,971

2.59%

Local Beer (0.5 liter bottle)

$3.73 ISK 470

$3.55 ISK 447

5.07%

Imported Beer (0.33 liter bottle)

$3.36 ISK 423

$3.24 ISK 408

3.70%

One-way Ticket (Public Transport)

$5.19 ISK 654

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

Taxi Start (Normal Tariff)

$6.50 ISK 819

$6.18 ISK 778

5.18%

Taxi (Normal Tariff) (1km)

$2.52 ISK 317

$2.64 ISK 333

-4.55%

Taxi 1hour Waiting (Normal Tariff)

$85.5 ISK 10.8K

$87.3 ISK 11.0K

-2.03%

Gasoline (1 liter)

$2.55 ISK 321

$2.56 ISK 322

-0.39%

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

$46.7K ISK 5.9M

$48.0K ISK 6.0M

-2.68%

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

$53.0K ISK 6.7M

$52.5K ISK 6.6M

0.99%

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

$87.6 ISK 11.0K

$88.6 ISK 11.2K

-1.20%

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

$27.54 ISK 3,469

$27.96 ISK 3,522

-1.50%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

0.01%

Gym Membership (Monthly)

$81.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.42 ISK 2,195

$17.53 ISK 2,208

-0.63%

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

$325 ISK 41.0K

$316 ISK 39.7K

3.14%

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.8M

$30.1K ISK 3.8M

0.18%

Jeans (Levis 501 Or Similar)

$139 ISK 17.5K

$140 ISK 17.6K

-0.51%

Summer Dress (H&M, Zara, etc)

$61.3 ISK 7,727

$62.4 ISK 7,863

-1.73%

Sport Shoes (Adidas, Nike)

$184 ISK 23.2K

$182 ISK 22.9K

1.19%

Men's Leather Business Shoes

$267 ISK 33.6K

$264 ISK 33.2K

1.07%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

Buy Apartment Outside City Center (m2)

$1,181 ISK 148.8K

$6,257 ISK 788.1K

-81.13%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

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: January 12, 2026

Last update for Reykjavik: January 10, 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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