Cost of Living Comparison Between Hella and Reykjavik Cost of Living Comparison Between Hella and Reykjavik

🙂 Solo nomad: Hella is 13.4% cheaper than Reykjavik without rent, and 58.3% cheaper with rent.

🙂 Family of 3: Hella is 16.9% cheaper than Reykjavik without rent, and 44.1% cheaper with rent.

Meal at Budget Restaurant

$27.03 ISK 3,372

$26.9 ISK 3,355

0.48%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.7K

$146 ISK 18.3K

-2.84%

Fast Food Meal (McDonalds, etc)

$22.3 ISK 2,782

$22.18 ISK 2,767

0.54%

Cappuccino

$6.08 ISK 758

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

$3.38 ISK 422

$3.4 ISK 424

-0.59%

Water (0.33 liter bottle)

$2.51 ISK 314

$2.5 ISK 312

0.40%

Local Beer (0.5 liter draught)

$12.88 ISK 1,607

$12.96 ISK 1,617

-0.62%

Imported Beer (0.33 liter bottle)

$11.33 ISK 1,414

$11.05 ISK 1,379

2.53%

Milk (1 liter)

$1.94 ISK 242

$1.88 ISK 234

3.19%

White Bread (500g)

$4.31 ISK 538

$4.26 ISK 531

1.17%

Rice (white) (1kg)

$3.63 ISK 453

$3.67 ISK 458

-1.09%

Eggs

$6.5 ISK 811

$6.51 ISK 813

-0.15%

Local Cheese (1kg)

$18.25 ISK 2,277

$17.83 ISK 2,224

2.36%

Chicken Fillets (1kg)

$23.89 ISK 2,981

$24.1 ISK 3,006

-0.87%

Beef Round Steak (1kg)

$42.64 ISK 5,320

$43.22 ISK 5,391

-1.34%

Apples (1kg)

$3.22 ISK 402

$3.19 ISK 397

0.94%

Banana (1kg)

$2.4 ISK 299

$2.54 ISK 317

-5.51%

Oranges (1kg)

$3.01 ISK 376

$3.09 ISK 386

-2.59%

Tomato (1kg)

$4.96 ISK 618

$5.03 ISK 628

-1.39%

Potato (1kg)

$3.5 ISK 437

$3.59 ISK 447

-2.51%

Onion (1kg)

$2.41 ISK 300

$2.4 ISK 300

0.42%

Lettuce (1 head)

$3.05 ISK 381

$3.08 ISK 384

-0.97%

Water (1.5 liter bottle)

$2.02 ISK 252

$2.01 ISK 250

0.50%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,711

$13.9 ISK 1,734

-1.37%

Wine (Bottle)

$24.56 ISK 3,064

$23.87 ISK 2,978

2.89%

Local Beer (0.5 liter bottle)

$3.68 ISK 459

$3.62 ISK 452

1.66%

Imported Beer (0.33 liter bottle)

$3.37 ISK 420

$3.32 ISK 414

1.51%

One-way Ticket (Public Transport)

$5.27 ISK 658

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

Taxi Start (Normal Tariff)

$6.29 ISK 785

$6.26 ISK 781

0.48%

Taxi (Normal Tariff) (1km)

$2.6 ISK 325

$2.53 ISK 316

2.77%

Taxi 1hour Waiting (Normal Tariff)

$87.4 ISK 10.9K

$85.2 ISK 10.6K

2.61%

Gasoline (1 liter)

$2.52 ISK 315

$2.57 ISK 321

-1.95%

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

$48.1K ISK 6M

$47.8K ISK 6M

0.69%

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

$52.2K ISK 6.5M

$52.4K ISK 6.5M

-0.35%

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

$88.9 ISK 11.1K

$86.5 ISK 10.8K

2.77%

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

$27.09 ISK 3,380

$26.91 ISK 3,357

0.67%

Internet (50+ Mbps, Unlimited Data)

$85.8 ISK 10.7K

$84.9 ISK 10.6K

1.02%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

Cinema Ticket

$17.76 ISK 2,216

$17.83 ISK 2,225

-0.39%

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

$319 ISK 39.8K

$318 ISK 39.7K

0.17%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

0.03%

Jeans (Levis 501 Or Similar)

$137 ISK 17K

$141 ISK 17.6K

-3.06%

Summer Dress (H&M, Zara, etc)

$62 ISK 7,734

$62.4 ISK 7,785

-0.66%

Sport Shoes (Adidas, Nike)

$185 ISK 23.1K

$183 ISK 22.9K

1.12%

Men's Leather Business Shoes

$264 ISK 32.9K

$267 ISK 33.3K

-1.11%

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)

$6,501 ISK 811K

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 Hella: October 28, 2025

Last update for Reykjavik: October 28, 2025

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