Last update: Oct 2026

Cost of Living Comparison Between Hverageroi and Chiang Mai

For one person, living is cheaper in Chiang Mai: $936 a month against $1,722 in Hverageroi, rent and utilities included – about $9,400 less a year. The total is higher in Hverageroi despite lower rent and utilities.

83

Cost of Living Index in Hverageroi
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Hverageroi Living Index
45

Cost of Living Index in Chiang Mai
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Chiang Mai Living Index

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Hverageroi

🇮🇸 Iceland

$1,722

/mo nomad

Chiang Mai

🇹🇭 Thailand

$936

/mo nomad

Monthly Cost of Living

How much you'll spend in Hverageroi and in Chiang Mai

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Hverageroi and in Chiang Mai actually costs, broken down by who's living it.

A single person spends $1,722 per month in Hverageroi vs $936 in Chiang Mai, rent included.

Hverageroi $1,722
Chiang Mai $936

A couple spends around $2,933 per month in Hverageroi vs $1,457 in Chiang Mai, rent included.

Hverageroi $2,933
Chiang Mai $1,457

A family of three spends $4,144 per month in Hverageroi vs $1,979 in Chiang Mai, rent included.

Hverageroi $4,144
Chiang Mai $1,979

Hverageroi costs about 84% more than Chiang Mai, and outside of rent the biggest gap is in eating out.

Hverageroi sits 27% above the global median, while Chiang Mai is 31% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.42 ISK 3,828

$2.24 ฿75.7

1302.68%

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.1K

$19.00 ฿642

552.47%

Fast Food Meal (McDonalds, etc)

$26.53 ISK 3,232

$5.55 ฿188

378.02%

Cappuccino

$6.93 ISK 844

$1.67 ฿56.6

314.97%

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

$3.39 ISK 413

$0.64 ฿21.56

429.69%

Water (0.33 liter bottle)

$3.02 ISK 368

$0.31 ฿10.32

874.19%

Local Beer (0.5 liter draught)

$13.71 ISK 1,670

$2.36 ฿79.6

480.93%

Imported Beer (0.33 liter bottle)

$12.23 ISK 1,490

$3.66 ฿124

234.15%

Milk (1 liter)

$2.11 ISK 257

$1.95 ฿65.8

8.21%

White Bread (500g)

$4.13 ISK 504

$1.44 ฿48.51

186.81%

Rice (white) (1kg)

$3.60 ISK 438

$1.33 ฿45.07

170.68%

Eggs

$6.91 ISK 842

$2.28 ฿77.1

203.07%

Local Cheese (1kg)

$22.22 ISK 2,708

$16.45 ฿556

35.08%

Chicken Fillets (1kg)

$24.20 ISK 2,948

$2.78 ฿94.0

770.50%

Beef Round Steak (1kg)

$42.37 ISK 5,162

$9.31 ฿314

355.10%

Apples (1kg)

$3.35 ISK 409

$2.35 ฿79.5

42.55%

Banana (1kg)

$2.82 ISK 343

$0.97 ฿32.82

190.72%

Oranges (1kg)

$3.26 ISK 397

$1.60 ฿53.9

103.75%

Tomato (1kg)

$6.61 ISK 805

$1.50 ฿50.7

340.67%

Potato (1kg)

$3.95 ISK 482

$1.28 ฿43.15

208.59%

Onion (1kg)

$1.69 ISK 205

$1.10 ฿37.22

53.64%

Lettuce (1 head)

$3.79 ISK 462

$0.71 ฿23.84

433.80%

Water (1.5 liter bottle)

$1.84 ISK 225

$0.49 ฿16.38

275.51%

Cigarettes 20 Pack (Marlboro, Camel)

$14.19 ISK 1,728

$4.14 ฿140

242.75%

Wine (Bottle)

$23.48 ISK 2,861

$17.52 ฿592

34.02%

Local Beer (0.5 liter bottle)

$3.72 ISK 453

$1.61 ฿54.5

131.06%

Imported Beer (0.33 liter bottle)

$3.30 ISK 402

$2.78 ฿94.0

18.71%

One-way Ticket (Public Transport)

$0.87 ฿29.33

Public Transport Monthly Pass (Regular Price)

$54.1 ฿1,827

Taxi Start (Normal Tariff)

$6.65 ISK 810

$1.16 ฿39.08

473.28%

Taxi (Normal Tariff) (1km)

$2.88 ISK 351

$0.53 ฿17.82

443.40%

Taxi 1hour Waiting (Normal Tariff)

$80.8 ISK 9,840

$2.42 ฿81.8

3237.60%

Gasoline (1 liter)

$2.02 ISK 247

$1.45 ฿48.93

39.31%

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

$70.0K ISK 8.5M

$21.1K ฿711.2K

232.50%

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

$55.3K ISK 6.7M

$26.9K ฿909.8K

105.19%

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

$97.6 ISK 11.9K

$62.2 ฿2,100

56.96%

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

$32.87 ISK 4,005

$12.17 ฿411

170.09%

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.4K

$20.12 ฿680

324.45%

Gym Membership (Monthly)

$37.31 ฿1,260

Tennis Court (1 Hour on Weekend)

$3.77 ฿127

Cinema Ticket

$19.64 ISK 2,393

$6.49 ฿219

202.62%

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

$1,193 ISK 145.4K

$736 ฿24.9K

62.10%

International Primary School, 1 Child (Yearly)

$25.8K ISK 3.1M

$14.8K ฿498.6K

74.70%

Jeans (Levis 501 Or Similar)

$149 ISK 18.2K

$53.4 ฿1,802

179.80%

Summer Dress (H&M, Zara, etc)

$66.4 ISK 8,092

$24.64 ฿832

169.56%

Sport Shoes (Adidas, Nike)

$180 ISK 22.0K

$91.5 ฿3,089

97.19%

Men's Leather Business Shoes

$248 ISK 30.2K

$71.9 ฿2,429

244.06%

1-bedroom Apartment, City Center (Monthly)

$482 ฿16.3K

1-bedroom Apartment, Outside City Center (Monthly)

$309 ฿10.4K

3-bedroom Apartment, City Center (Monthly)

$1,006 ฿34.0K

3-bedroom Apartment, Outside City Center (Monthly)

$633 ฿21.4K

Buy Apartment in City Center (m2)

$2,363 ฿79.8K

Buy Apartment Outside City Center (m2)

$1,589 ฿53.7K

Average Monthly Net Salary (After Tax)

$590 ฿19.9K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

5.57

58.17%

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

Last update for Hverageroi: October 24, 2026

Last update for Chiang Mai: October 26, 2026

Monthly budget structure

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

Groceries & Markets

Hverageroi

$624 36.2%

Chiang Mai

$234 25.1% 62.4% $389

Eating Out

Hverageroi

$533 30.9%

Chiang Mai

$78 8.3% 85.4% $455

Clothing & Footwear

Hverageroi

$290 16.8%

Chiang Mai

$109 11.6% 62.5% $181

Monthly Utilities & Internet

Hverageroi

$216 12.5%

Chiang Mai

$94 10.1% 56.2% $121

Sport & Entertainment

Hverageroi

$39 * 2.3%

Chiang Mai

$50 5.4% 28% $11

Getting Around

Hverageroi

$21 * 1.2%

Chiang Mai

$61 6.6% 192% $40

Accommodation & Living

Hverageroi

- * 0%

Chiang Mai

$309 33%

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

Cost Breakdown

A mid-range dinner for two costs $124 in Hverageroi versus $19 in Chiang Mai. Monthly groceries follow the same trend: $624 vs $234 – making Chiang Mai the more affordable choice for daily food spending.

Good to know

🇮🇸 Hverageroi

🇹🇭 Chiang Mai

🕒 Local time

08:39 8:39 AM

15:39 3:39 PM

7 h ahead of Hverageroi

🌤 Weather

👥 Population

2,657

127,240

💱 Currency

Icelandic Króna ISK kr

Thai Baht THB ฿

📈 Exchange rate

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

100 THB = 2.96 USD

100 THB = 2.66 EUR

Exchange rates and currency converter

THB, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 28, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 136 ISK (1,000 ISK = 7.37 EUR).

Thai Baht exchange rates as of October 28, 2026: 1 USD = 33.77 THB (100 THB = 2.96 USD). 1 EUR = 37.58 THB (100 THB = 2.66 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Hverageroi Chiang Mai 9,490 km ≈ 12 h nonstop flight

From you

Hverageroi
Chiang Mai

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

Hverageroi vs Chiang Mai: Cost of Living - Frequently Asked Questions

Hverageroi costs about 84% more than Chiang Mai, and outside of rent the gap comes mainly from eating out. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,583 per month in Hverageroi and $1,403 in Chiang Mai. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $124 in Hverageroi and $19 in Chiang Mai. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 166% more in Hverageroi, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$800 is a stretch for both – monthly costs hit $1,722 in Hverageroi and $936 in Chiang Mai. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Chiang Mai has an edge in some lifestyle areas, with costs from $936 in Chiang Mai to $1,722 in Hverageroi. Climate, culture, job market, and personal taste all factor in.

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.