Cost of Living Comparison Between Hafnarfjordur and Nassau Cost of Living Comparison Between Hafnarfjordur and Nassau

Monthly Cost of Living

A single person spends $3,754 per month in Hafnarfjordur vs $3,825 in Nassau, rent included.

A couple spends around $5,299 per month in Hafnarfjordur vs $6,216 in Nassau, rent included.

A family of three spends $6,843 per month in Hafnarfjordur vs $8,607 in Nassau, rent included.

Hafnarfjordur is about 2% cheaper than Nassau, driven mainly by Clothing & Footwear.

Both Hafnarfjordur and Nassau sit above the global median – Hafnarfjordur by 181%, Nassau by 186%.

Meal at Budget Restaurant

$26.79 ISK 3,338

$40.47 BSD 40.47

-33.80%

Three-Course Dinner for Two, Mid-Range

$147 ISK 18.4K

$198 BSD 198

-25.64%

Fast Food Meal (McDonalds, etc)

$16.36 ISK 2,039

$11.69 BSD 11.69

39.95%

Cappuccino

$6.02 ISK 750

$5.90 BSD 5.90

2.03%

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

$3.40 ISK 423

$2.23 BSD 2.23

52.47%

Water (0.33 liter bottle)

$2.52 ISK 314

$1.73 BSD 1.73

45.66%

Local Beer (0.5 liter draught)

$12.75 ISK 1,589

$4.86 BSD 4.86

162.35%

Imported Beer (0.33 liter bottle)

$11.31 ISK 1,409

$7.63 BSD 7.63

48.23%

Milk (1 liter)

$1.62 ISK 202

$4.84 BSD 4.84

-66.53%

White Bread (500g)

$4.34 ISK 541

$5.80 BSD 5.80

-25.17%

Rice (white) (1kg)

$3.66 ISK 457

$6.30 BSD 6.30

-41.90%

Eggs

$6.32 ISK 788

$7.48 BSD 7.48

-15.51%

Local Cheese (1kg)

$17.83 ISK 2,221

$8.81 BSD 8.81

102.38%

Chicken Fillets (1kg)

$24.26 ISK 3,022

$12.11 BSD 12.11

100.33%

Beef Round Steak (1kg)

$42.14 ISK 5,250

$20.92 BSD 20.92

101.43%

Apples (1kg)

$3.36 ISK 419

$5.26 BSD 5.26

-36.12%

Banana (1kg)

$2.34 ISK 291

$3.40 BSD 3.40

-31.18%

Oranges (1kg)

$2.99 ISK 373

$4.69 BSD 4.69

-36.25%

Tomato (1kg)

$4.85 ISK 605

$7.33 BSD 7.33

-33.83%

Potato (1kg)

$3.64 ISK 454

$4.87 BSD 4.87

-25.26%

Onion (1kg)

$2.44 ISK 304

$4.40 BSD 4.40

-44.55%

Lettuce (1 head)

$3.09 ISK 385

$3.60 BSD 3.60

-14.17%

Water (1.5 liter bottle)

$1.99 ISK 248

$2.95 BSD 2.95

-32.54%

Cigarettes 20 Pack (Marlboro, Camel)

$13.41 ISK 1,671

$13.53 BSD 13.53

-0.89%

Wine (Bottle)

$23.37 ISK 2,912

$33.82 BSD 33.82

-30.90%

Local Beer (0.5 liter bottle)

$3.75 ISK 467

$3.83 BSD 3.83

-2.09%

Imported Beer (0.33 liter bottle)

$3.36 ISK 419

$4.46 BSD 4.46

-24.66%

One-way Ticket (Public Transport)

$5.08 ISK 632

$1.36 BSD 1.36

273.53%

Public Transport Monthly Pass (Regular Price)

$84.5 ISK 10.5K

$44.24 BSD 44.24

91.03%

Taxi Start (Normal Tariff)

$6.44 ISK 803

$6.17 BSD 6.17

4.38%

Taxi (Normal Tariff) (1km)

$2.56 ISK 320

$3.24 BSD 3.24

-20.99%

Taxi 1hour Waiting (Normal Tariff)

$86.9 ISK 10.8K

$100 BSD 100

-13.33%

Gasoline (1 liter)

$2.42 ISK 301

$1.40 BSD 1.40

72.86%

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

$48.0K ISK 6.0M

$37.2K BSD 37.2K

29.18%

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

$52.2K ISK 6.5M

$42.3K BSD 42.3K

23.39%

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

$68.1 ISK 8,489

$298 BSD 298

-77.12%

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

$27.96 ISK 3,483

$70.5 BSD 70.5

-60.31%

Internet (50+ Mbps, Unlimited Data)

$85.1 ISK 10.6K

$104 BSD 104

-17.88%

Gym Membership (Monthly)

$65.4 ISK 8,153

$131 BSD 131

-50.16%

Tennis Court (1 Hour on Weekend)

$59.6 BSD 59.6

Cinema Ticket

$16.11 ISK 2,007

$19.77 BSD 19.77

-18.51%

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

$324 ISK 40.4K

$728 BSD 728

-55.44%

International Primary School, 1 Child (Yearly)

$29.5K ISK 3.7M

$15.1K BSD 15.1K

95.16%

Jeans (Levis 501 Or Similar)

$118 ISK 14.7K

$63.3 BSD 63.3

86.98%

Summer Dress (H&M, Zara, etc)

$61.1 ISK 7,608

$75.4 BSD 75.4

-19.05%

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

$114 BSD 114

4.55%

Men's Leather Business Shoes

$264 ISK 32.9K

$129 BSD 129

103.89%

1-bedroom Apartment, City Center (Monthly)

$2,383 ISK 297.0K

$1,854 BSD 1,854

28.57%

1-bedroom Apartment, Outside City Center (Monthly)

$2,049 ISK 255.3K

$1,775 BSD 1,775

15.43%

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 392.7K

$3,660 BSD 3,660

-13.87%

3-bedroom Apartment, Outside City Center (Monthly)

$2,573 ISK 320.7K

$3,655 BSD 3,655

-29.59%

Buy Apartment in City Center (m2)

$6,745 ISK 840.4K

$4,244 BSD 4,244

58.94%

Buy Apartment Outside City Center (m2)

$6,686 ISK 833.1K

$3,221 BSD 3,221

107.58%

Average Monthly Net Salary (After Tax)

$4,624 ISK 576.2K

$3,332 BSD 3,332

38.78%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

7.05

36.60%

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

Last update for Hafnarfjordur: July 13, 2026

Last update for Nassau: July 14, 2026

Cost Breakdown

A central one-bedroom costs $2,383 in Hafnarfjordur versus $1,854 in Nassau. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 39% higher in Hafnarfjordur, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $147 in Hafnarfjordur versus $198 in Nassau. Groceries tell a different story – $592 in Hafnarfjordur vs $582 in Nassau – so Nassau wins on supermarket bills even if dining out costs more.

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

Hafnarfjordur vs Nassau: Cost of Living - Frequently Asked Questions

Nassau costs about 2% more than Hafnarfjordur, with the gap driven mainly by Clothing & Footwear. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $5,631 per month in Hafnarfjordur and $5,737 in Nassau. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Hafnarfjordur, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $3,754 in Hafnarfjordur and $3,825 in Nassau. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 91% less in Hafnarfjordur. For daily commuters, that gap adds up to noticeable savings over a year.

$2,000 is a stretch for both – monthly costs hit $3,754 in Hafnarfjordur and $3,825 in Nassau. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Hafnarfjordur – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Hafnarfjordur. If higher salaries, better infrastructure, or specific career opportunities are the priority, Nassau makes more sense. Both are solid long-term options with distinct trade-offs.