Last update: Nov 2026

Cost of Living Comparison Between Hverageroi and Reykjavik

For one person, living is cheaper in Hverageroi: $1,719 a month against $4,031 in Reykjavik, rent and utilities included – about $27,700 less a year. Rent and utilities account for most of the difference.

82

Cost of Living Index in Hverageroi
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Hverageroi Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Hverageroi

🇮🇸 Iceland

$1,719

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,031

/mo nomad

Monthly Cost of Living

How much you'll spend in Hverageroi and in Reykjavik

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 Reykjavik actually costs, broken down by who's living it.

A single person spends $1,719 per month in Hverageroi vs $4,031 in Reykjavik, rent included.

Hverageroi $1,719
Reykjavik $4,031

A couple spends around $2,927 per month in Hverageroi vs $5,731 in Reykjavik, rent included.

Hverageroi $2,927
Reykjavik $5,731

A family of three spends $4,135 per month in Hverageroi vs $7,431 in Reykjavik, rent included.

Hverageroi $4,135
Reykjavik $7,431

Hverageroi is about 57% cheaper than Reykjavik, and outside of rent the biggest gap is in transport.

Both Hverageroi and Reykjavik sit above the global median – Hverageroi by 27%, Reykjavik by 198%.

Meal at Budget Restaurant

$31.27 ISK 3,799

$30.60 ISK 3,718

2.19%

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.1K

$122 ISK 14.9K

1.48%

Fast Food Meal (McDonalds, etc)

$27.50 ISK 3,341

$27.27 ISK 3,313

0.84%

Cappuccino

$6.74 ISK 819

$6.90 ISK 838

-2.32%

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

$3.37 ISK 409

$3.39 ISK 412

-0.59%

Water (0.33 liter bottle)

$3.15 ISK 383

$3.18 ISK 387

-0.94%

Local Beer (0.5 liter draught)

$14.10 ISK 1,713

Imported Beer (0.33 liter bottle)

$12.30 ISK 1,495

$12.44 ISK 1,511

-1.13%

Milk (1 liter)

$2.02 ISK 246

$2.05 ISK 249

-1.46%

White Bread (500g)

$4.28 ISK 520

$4.36 ISK 529

-1.83%

Rice (white) (1kg)

$3.65 ISK 444

$3.62 ISK 440

0.83%

Eggs

$6.90 ISK 838

$7.06 ISK 857

-2.27%

Local Cheese (1kg)

$21.93 ISK 2,665

$21.58 ISK 2,622

1.62%

Chicken Fillets (1kg)

$23.98 ISK 2,914

$24.14 ISK 2,933

-0.66%

Beef Round Steak (1kg)

$41.79 ISK 5,077

$41.47 ISK 5,039

0.77%

Apples (1kg)

$3.36 ISK 408

$3.06 ISK 371

9.80%

Banana (1kg)

$2.76 ISK 335

$2.81 ISK 342

-1.78%

Oranges (1kg)

$3.18 ISK 387

$3.15 ISK 383

0.95%

Tomato (1kg)

$6.38 ISK 775

$6.41 ISK 779

-0.47%

Potato (1kg)

$3.91 ISK 475

$3.98 ISK 484

-1.76%

Onion (1kg)

$1.70 ISK 207

$1.65 ISK 200

3.03%

Lettuce (1 head)

$3.62 ISK 440

$3.73 ISK 453

-2.95%

Water (1.5 liter bottle)

$1.77 ISK 215

$1.75 ISK 213

1.14%

Cigarettes 20 Pack (Marlboro, Camel)

$13.81 ISK 1,678

$13.94 ISK 1,694

-0.93%

Wine (Bottle)

$23.51 ISK 2,856

$23.99 ISK 2,915

-2.00%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$3.67 ISK 446

-3.54%

Imported Beer (0.33 liter bottle)

$3.48 ISK 423

$3.46 ISK 421

0.58%

One-way Ticket (Public Transport)

$5.75 ISK 699

Public Transport Monthly Pass (Regular Price)

$95.5 ISK 11.6K

Taxi Start (Normal Tariff)

$6.90 ISK 839

$7.15 ISK 868

-3.50%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$3.69 ISK 448

-21.41%

Taxi 1hour Waiting (Normal Tariff)

$81.7 ISK 9,928

$97.7 ISK 11.9K

-16.38%

Gasoline (1 liter)

$2.04 ISK 248

$2.00 ISK 243

2.00%

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

$69.7K ISK 8.5M

$68.0K ISK 8.3M

2.52%

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

$55.0K ISK 6.7M

$55.8K ISK 6.8M

-1.42%

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

$97.0 ISK 11.8K

$96.9 ISK 11.8K

0.19%

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

$32.70 ISK 3,973

$32.89 ISK 3,996

-0.58%

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.4K

$89.6 ISK 10.9K

-4.66%

Gym Membership (Monthly)

$99.0 ISK 12.0K

Tennis Court (1 Hour on Weekend)

$51.0 ISK 6,191

Cinema Ticket

$19.66 ISK 2,389

$19.75 ISK 2,400

-0.46%

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

$1,207 ISK 146.7K

$1,203 ISK 146.2K

0.36%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$18.6K ISK 2.3M

40.64%

Jeans (Levis 501 Or Similar)

$150 ISK 18.2K

$151 ISK 18.3K

-0.76%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,114

$64.9 ISK 7,880

2.96%

Sport Shoes (Adidas, Nike)

$185 ISK 22.5K

$183 ISK 22.3K

0.81%

Men's Leather Business Shoes

$247 ISK 30.0K

$255 ISK 31.0K

-3.31%

1-bedroom Apartment, City Center (Monthly)

$2,615 ISK 317.7K

1-bedroom Apartment, Outside City Center (Monthly)

$2,086 ISK 253.4K

3-bedroom Apartment, City Center (Monthly)

$3,535 ISK 429.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,796 ISK 339.7K

Buy Apartment in City Center (m2)

$8,182 ISK 994.1K

Buy Apartment Outside City Center (m2)

$6,284 ISK 763.5K

Average Monthly Net Salary (After Tax)

$4,790 ISK 581.9K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Hverageroi: November 1, 2026

Last update for Reykjavik: November 1, 2026

Monthly budget structure

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

Groceries & Markets

Hverageroi

$617 35.9%

Reykjavik

$618 15.3% 0.2% $1

Eating Out

Hverageroi

$535 31.1%

Reykjavik

$531 13.2% 0.7% $3.7

Clothing & Footwear

Hverageroi

$292 17%

Reykjavik

$294 7.3% 1% $2.8

Monthly Utilities & Internet

Hverageroi

$215 12.5%

Reykjavik

$219 5.4% 1.9% $4.2

Sport & Entertainment

Hverageroi

$39 * 2.3%

Reykjavik

$138 3.4% 252% $99

Getting Around

Hverageroi

$21 * 1.2%

Reykjavik

$144 3.6% 574% $123

Accommodation & Living

Hverageroi

- * 0%

Reykjavik

$2.1K 51.7%

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 $122 in Reykjavik. Groceries tell a different story – $617 in Hverageroi vs $618 in Reykjavik – so Hverageroi wins on supermarket bills even if dining out costs more.

Good to know

🇮🇸 Hverageroi

🇮🇸 Reykjavik

🕒 Local time

08:56 8:56 AM

Same time as Hverageroi

🌤 Weather

👥 Population

2,657

136,894 Capital

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.34 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.34 EUR

Exchange rates and currency converter

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Hverageroi Reykjavik 40 km

From you

Hverageroi
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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 Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 134% more than Hverageroi, and outside of rent the gap comes mainly from transport. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,578 per month in Hverageroi and $6,046 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,719 in Hverageroi and $4,031 in Reykjavik. That makes Hverageroi about 57% cheaper.

Kindergarten costs $1,207 per month in Hverageroi and $1,203 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Hverageroi, where all-in costs run around $1,719, than in Reykjavik at $4,031. In Hverageroi it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $1,719 in Hverageroi to $4,031 in Reykjavik. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.