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

Monthly Cost of Living

A single person spends $3,751 per month in Hafnarfjordur vs $3,686 in Nassau, rent included.

A couple spends around $5,336 per month in Hafnarfjordur vs $6,137 in Nassau, rent included.

A family of three spends $6,921 per month in Hafnarfjordur vs $8,587 in Nassau, rent included.

Hafnarfjordur costs about 2% more than Nassau, driven mainly by Clothing & Footwear.

Both Hafnarfjordur and Nassau sit above the global median – Hafnarfjordur by 180%, Nassau by 175%.

Meal at Budget Restaurant

$26.98 ISK 3,327

$40.79 BSD 40.79

-33.86%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.5K

$199 BSD 199

-28.59%

Fast Food Meal (McDonalds, etc)

$16.42 ISK 2,025

$11.34 BSD 11.34

44.80%

Cappuccino

$5.96 ISK 735

$5.79 BSD 5.79

2.94%

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

$3.35 ISK 413

$2.31 BSD 2.31

45.02%

Water (0.33 liter bottle)

$2.61 ISK 322

$1.80 BSD 1.80

45.00%

Local Beer (0.5 liter draught)

$13.00 ISK 1,603

$5.09 BSD 5.09

155.40%

Imported Beer (0.33 liter bottle)

$11.19 ISK 1,379

$7.41 BSD 7.41

51.01%

Milk (1 liter)

$1.69 ISK 208

$4.88 BSD 4.88

-65.37%

White Bread (500g)

$4.26 ISK 525

$5.84 BSD 5.84

-27.05%

Rice (white) (1kg)

$3.70 ISK 456

$6.32 BSD 6.32

-41.46%

Eggs

$6.51 ISK 803

$7.69 BSD 7.69

-15.34%

Local Cheese (1kg)

$18.40 ISK 2,269

$8.65 BSD 8.65

112.72%

Chicken Fillets (1kg)

$24.15 ISK 2,978

$11.92 BSD 11.92

102.60%

Beef Round Steak (1kg)

$42.23 ISK 5,206

$20.95 BSD 20.95

101.58%

Apples (1kg)

$3.37 ISK 415

$5.38 BSD 5.38

-37.36%

Banana (1kg)

$2.33 ISK 288

$3.49 BSD 3.49

-33.24%

Oranges (1kg)

$3.12 ISK 385

$4.78 BSD 4.78

-34.73%

Tomato (1kg)

$5.09 ISK 628

$7.07 BSD 7.07

-28.01%

Potato (1kg)

$3.58 ISK 442

$5.03 BSD 5.03

-28.83%

Onion (1kg)

$2.44 ISK 301

$4.51 BSD 4.51

-45.90%

Lettuce (1 head)

$3.13 ISK 386

$3.54 BSD 3.54

-11.58%

Water (1.5 liter bottle)

$2.02 ISK 250

$3.05 BSD 3.05

-33.77%

Cigarettes 20 Pack (Marlboro, Camel)

$13.45 ISK 1,659

$13.76 BSD 13.76

-2.25%

Wine (Bottle)

$23.69 ISK 2,921

$34.32 BSD 34.32

-30.97%

Local Beer (0.5 liter bottle)

$3.71 ISK 458

$3.97 BSD 3.97

-6.55%

Imported Beer (0.33 liter bottle)

$3.36 ISK 414

$4.50 BSD 4.50

-25.33%

One-way Ticket (Public Transport)

$5.16 ISK 636

$1.35 BSD 1.35

282.22%

Public Transport Monthly Pass (Regular Price)

$82.5 ISK 10.2K

$45.74 BSD 45.74

80.28%

Taxi Start (Normal Tariff)

$6.43 ISK 793

$6.17 BSD 6.17

4.21%

Taxi (Normal Tariff) (1km)

$2.62 ISK 323

$3.24 BSD 3.24

-19.14%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

$99.5 BSD 99.5

-13.79%

Gasoline (1 liter)

$2.46 ISK 303

$1.41 BSD 1.41

74.47%

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

$47.6K ISK 5.9M

$37.1K BSD 37.1K

28.51%

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

$52.1K ISK 6.4M

$43.4K BSD 43.4K

19.95%

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

$69.4 ISK 8,556

$297 BSD 297

-76.61%

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

$26.97 ISK 3,326

$71.4 BSD 71.4

-62.24%

Internet (50+ Mbps, Unlimited Data)

$85.3 ISK 10.5K

$102 BSD 102

-16.32%

Gym Membership (Monthly)

$63.1 ISK 7,780

$133 BSD 133

-52.70%

Tennis Court (1 Hour on Weekend)

$59.0 BSD 59.0

Cinema Ticket

$16.25 ISK 2,003

$19.79 BSD 19.79

-17.89%

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

$323 ISK 39.8K

$711 BSD 711

-54.54%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$15.3K BSD 15.3K

99.31%

Jeans (Levis 501 Or Similar)

$120 ISK 14.8K

$65.1 BSD 65.1

84.58%

Summer Dress (H&M, Zara, etc)

$61.4 ISK 7,567

$76.8 BSD 76.8

-20.13%

Sport Shoes (Adidas, Nike)

$121 ISK 14.9K

$115 BSD 115

5.16%

Men's Leather Business Shoes

$265 ISK 32.7K

$129 BSD 129

105.38%

1-bedroom Apartment, City Center (Monthly)

$2,445 ISK 301.5K

$1,840 BSD 1,840

32.87%

1-bedroom Apartment, Outside City Center (Monthly)

$1,973 ISK 243.2K

$1,780 BSD 1,780

10.82%

3-bedroom Apartment, City Center (Monthly)

$3,196 ISK 394.1K

$3,716 BSD 3,716

-13.99%

3-bedroom Apartment, Outside City Center (Monthly)

$2,608 ISK 321.5K

$3,638 BSD 3,638

-28.33%

Buy Apartment in City Center (m2)

$6,957 ISK 857.8K

$4,233 BSD 4,233

64.37%

Buy Apartment Outside City Center (m2)

$6,897 ISK 850.4K

$3,220 BSD 3,220

114.18%

Average Monthly Net Salary (After Tax)

$4,717 ISK 581.6K

$3,382 BSD 3,382

39.47%

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: June 2, 2026

Last update for Nassau: May 30, 2026

Cost Breakdown

A central one-bedroom costs $2,445 in Hafnarfjordur versus $1,840 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 partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $142 in Hafnarfjordur versus $199 in Nassau. Groceries tell a different story – $597 in Hafnarfjordur vs $586 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

Hafnarfjordur costs about 2% more than Nassau, 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 $5,627 per month in Hafnarfjordur and $5,529 in Nassau. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Nassau, 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 $3,751 in Hafnarfjordur and $3,686 in Nassau. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 80% less in Nassau. For daily commuters, that gap adds up to noticeable savings over a year.

$2,500 is a stretch for both – monthly costs hit $3,751 in Hafnarfjordur and $3,686 in Nassau. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Nassau – 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 Nassau. If higher salaries, better infrastructure, or specific career opportunities are the priority, Hafnarfjordur makes more sense. Both are solid long-term options with distinct trade-offs.