Cost of Living Comparison Between Husavik and Reykjavik Cost of Living Comparison Between Husavik and Reykjavik

Meal at Budget Restaurant

$27.17 ISK 3,346

Three-Course Dinner for Two, Mid-Range

$144 ISK 17.7K

Fast Food Meal (McDonalds, etc)

$22.42 ISK 2,761

Cappuccino

$6.19 ISK 763

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

$3.28 ISK 405

Water (0.33 liter bottle)

$2.53 ISK 311

Local Beer (0.5 liter draught)

$13.11 ISK 1,615

Imported Beer (0.33 liter bottle)

$11.43 ISK 1,408

Milk (1 liter)

$1.94 ISK 239

White Bread (500g)

$4.29 ISK 528

Rice (white) (1kg)

$3.72 ISK 458

Eggs

$6.53 ISK 804

Local Cheese (1kg)

$17.88 ISK 2,202

Chicken Fillets (1kg)

$24.10 ISK 2,968

Beef Round Steak (1kg)

$42.88 ISK 5,281

Apples (1kg)

$3.35 ISK 412

Banana (1kg)

$2.51 ISK 309

Oranges (1kg)

$3.13 ISK 385

Tomato (1kg)

$4.89 ISK 602

Potato (1kg)

$3.71 ISK 457

Onion (1kg)

$2.32 ISK 285

Lettuce (1 head)

$3.07 ISK 378

Water (1.5 liter bottle)

$1.99 ISK 246

Cigarettes 20 Pack (Marlboro, Camel)

$13.85 ISK 1,705

Wine (Bottle)

$23.47 ISK 2,891

Local Beer (0.5 liter bottle)

$3.62 ISK 446

Imported Beer (0.33 liter bottle)

$3.38 ISK 416

One-way Ticket (Public Transport)

$5.10 ISK 628

Public Transport Monthly Pass (Regular Price)

$85.4 ISK 10.5K

Taxi Start (Normal Tariff)

$6.28 ISK 773

Taxi (Normal Tariff) (1km)

$2.57 ISK 317

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

Gasoline (1 liter)

$2.52 ISK 311

$2.52 ISK 310

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

$47.2K ISK 5.8M

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

$51.8K ISK 6.4M

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

$86.9 ISK 10.7K

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

$26.94 ISK 3,317

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.6K

Gym Membership (Monthly)

$83.4 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$37.54 ISK 4,623

Cinema Ticket

$17.53 ISK 2,159

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

$321 ISK 39.5K

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.7M

Jeans (Levis 501 Or Similar)

$140 ISK 17.2K

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,456

Sport Shoes (Adidas, Nike)

$181 ISK 22.3K

Men's Leather Business Shoes

$263 ISK 32.4K

1-bedroom Apartment, City Center (Monthly)

$2,175 ISK 267.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,023 ISK 249.2K

3-bedroom Apartment, City Center (Monthly)

$3,139 ISK 386.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,738 ISK 337.1K

Buy Apartment in City Center (m2)

$8,022 ISK 987.9K

Buy Apartment Outside City Center (m2)

$6,223 ISK 766.3K

Average Monthly Net Salary (After Tax)

$4,604 ISK 566.9K

$4,441 ISK 546.9K

3.66%

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 Husavik: June 1, 2026

Last update for Reykjavik: May 30, 2026

Cost Breakdown

Husavik pays 4% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

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

Husavik vs Reykjavik: Cost of Living - Frequently Asked Questions

Husavik pays 4% more on average, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

For families, Husavik is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

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

It comes down to priorities – Husavik wins on affordability, Reykjavik on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.