Last update: Oct 2026

Cost of Living Comparison Between Grundarfjordur and Selfoss

For one person, living is cheaper in Grundarfjordur: $1,713 a month against $3,416 in Selfoss, rent and utilities included – about $20,400 less a year. Higher rent and utilities in Selfoss outweigh lower spending on other living expenses.

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Cost of Living Index in Grundarfjordur
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Grundarfjordur Living Index

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Grundarfjordur

🇮🇸 Iceland

$1,713

/mo nomad

Selfoss

🇮🇸 Iceland

$3,416

/mo nomad

Monthly Cost of Living

How much you'll spend in Grundarfjordur and in Selfoss

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 Selfoss actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,713 in Grundarfjordur versus $3,416 in Selfoss.

Grundarfjordur $1,713
Selfoss $3,416

Estimated couple costs with rent: $2,918 in Grundarfjordur versus $2,439 in Selfoss.

Grundarfjordur $2,918
Selfoss $2,439

Monthly costs for a family of three with rent: $4,122 in Grundarfjordur versus $1,461 in Selfoss.

Grundarfjordur $4,122
Selfoss $1,461

Living in Grundarfjordur costs roughly 50% less than in Selfoss.

Both cities are pricier than the global median: Grundarfjordur 26% above, Selfoss 151% above.

Meal at Budget Restaurant

$30.53 ISK 3,720

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.1K

Fast Food Meal (McDonalds, etc)

$27.06 ISK 3,298

$20.39 ISK 2,484

32.71%

Cappuccino

$6.61 ISK 805

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

$3.34 ISK 407

Water (0.33 liter bottle)

$3.03 ISK 370

Local Beer (0.5 liter draught)

$14.17 ISK 1,726

$12.18 ISK 1,484

16.34%

Imported Beer (0.33 liter bottle)

$12.21 ISK 1,488

Milk (1 liter)

$2.09 ISK 255

$1.77 ISK 216

18.08%

White Bread (500g)

$4.11 ISK 501

$7.65 ISK 932

-46.27%

Rice (white) (1kg)

$3.73 ISK 455

$4.55 ISK 554

-18.02%

Eggs

$6.93 ISK 845

$6.49 ISK 790

6.78%

Local Cheese (1kg)

$21.76 ISK 2,651

$17.25 ISK 2,101

26.14%

Chicken Fillets (1kg)

$24.62 ISK 2,999

$21.56 ISK 2,627

14.19%

Beef Round Steak (1kg)

$42.23 ISK 5,145

$33.60 ISK 4,093

25.68%

Apples (1kg)

$3.31 ISK 403

$2.83 ISK 344

16.96%

Banana (1kg)

$2.77 ISK 337

$2.70 ISK 329

2.59%

Oranges (1kg)

$3.16 ISK 385

$2.72 ISK 331

16.18%

Tomato (1kg)

$6.32 ISK 770

$7.25 ISK 884

-12.83%

Potato (1kg)

$4.01 ISK 488

$3.24 ISK 395

23.77%

Onion (1kg)

$1.65 ISK 201

$2.07 ISK 253

-20.29%

Lettuce (1 head)

$3.84 ISK 467

$3.70 ISK 450

3.78%

Water (1.5 liter bottle)

$1.77 ISK 216

$1.34 ISK 164

32.09%

Cigarettes 20 Pack (Marlboro, Camel)

$14.16 ISK 1,725

$15.61 ISK 1,902

-9.29%

Wine (Bottle)

$23.44 ISK 2,856

Local Beer (0.5 liter bottle)

$3.69 ISK 450

Imported Beer (0.33 liter bottle)

$3.48 ISK 424

$1.15 ISK 140

202.61%

Taxi Start (Normal Tariff)

$6.59 ISK 802

Taxi (Normal Tariff) (1km)

$2.80 ISK 341

Taxi 1hour Waiting (Normal Tariff)

$80.5 ISK 9,808

Gasoline (1 liter)

$2.10 ISK 256

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

$68.8K ISK 8.4M

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

$55.0K ISK 6.7M

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

$97.0 ISK 11.8K

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

$32.92 ISK 4,011

Internet (50+ Mbps, Unlimited Data)

$86.2 ISK 10.5K

Cinema Ticket

$19.36 ISK 2,359

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

$1,182 ISK 144.0K

International Primary School, 1 Child (Yearly)

$26.3K ISK 3.2M

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

Summer Dress (H&M, Zara, etc)

$66.1 ISK 8,059

Sport Shoes (Adidas, Nike)

$185 ISK 22.5K

Men's Leather Business Shoes

$247 ISK 30.1K

1-bedroom Apartment, Outside City Center (Monthly)

$2,771 ISK 337.6K

Buy Apartment Outside City Center (m2)

$1,098 ISK 133.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Grundarfjordur: October 24, 2026

Last update for Selfoss: October 25, 2026

Monthly budget structure

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

Groceries & Markets

Grundarfjordur

$621 36.3%

Selfoss

–

Eating Out

Grundarfjordur

$525 30.7%

Selfoss

–

Clothing & Footwear

Grundarfjordur

$291 17%

Selfoss

–

Monthly Utilities & Internet

Grundarfjordur

$216 12.6%

Selfoss

–

Sport & Entertainment

Grundarfjordur

$39 * 2.3%

Selfoss

–

Getting Around

Grundarfjordur

$21 * 1.2%

Selfoss

–

Accommodation & Living

Grundarfjordur

- * 0%

Selfoss

–

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

Good to know

🇮🇸 Grundarfjordur

🇮🇸 Selfoss

🕒 Local time

09:27 9:27 AM

Same time as Grundarfjordur

🌤 Weather

👥 Population

800

9,000

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

Exchange rates and currency converter

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Between locations

Grundarfjordur Selfoss 150 km

From you

Grundarfjordur
Selfoss

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 Selfoss: Cost of Living - Frequently Asked Questions

You’d need roughly $2,570 in Grundarfjordur and $5,124 in Selfoss 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.

Shoppers in Selfoss pay roughly 16% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $1,713 per month in Grundarfjordur versus $3,416 in Selfoss – a 99% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,713 in Grundarfjordur versus $3,416 in Selfoss, a $2,000 budget is realistic in Grundarfjordur but tight or insufficient in Selfoss. The gap between the two cities makes Grundarfjordur the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Grundarfjordur and Selfoss are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.