Cost of Living Comparison Between Hverageroi and Selfoss Cost of Living Comparison Between Hverageroi and Selfoss

Monthly Cost of Living

A single person spends $1,595 per month in Hverageroi vs $3,462 in Selfoss, rent included.

A couple spends around $2,773 per month in Hverageroi vs $2,428 in Selfoss, rent included.

A family of three spends $3,950 per month in Hverageroi vs $1,394 in Selfoss, rent included.

Hverageroi is about 54% cheaper than Selfoss, driven mainly by Eating Out.

Both Hverageroi and Selfoss sit above the global median – Hverageroi by 20%, Selfoss by 160%.

Meal at Budget Restaurant

$27.09 ISK 3,348

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.9K

Fast Food Meal (McDonalds, etc)

$22.84 ISK 2,824

$20.38 ISK 2,519

12.07%

Cappuccino

$6.16 ISK 761

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

$3.28 ISK 405

Water (0.33 liter bottle)

$2.52 ISK 312

Local Beer (0.5 liter draught)

$13.11 ISK 1,620

$11.83 ISK 1,462

10.82%

Imported Beer (0.33 liter bottle)

$11.32 ISK 1,399

Milk (1 liter)

$1.93 ISK 238

$1.74 ISK 215

10.92%

White Bread (500g)

$4.38 ISK 541

$7.09 ISK 876

-38.22%

Rice (white) (1kg)

$3.58 ISK 442

$4.28 ISK 529

-16.36%

Eggs

$6.42 ISK 793

$6.43 ISK 795

-0.16%

Local Cheese (1kg)

$17.86 ISK 2,208

$16.96 ISK 2,096

5.31%

Chicken Fillets (1kg)

$23.89 ISK 2,953

$20.63 ISK 2,549

15.80%

Beef Round Steak (1kg)

$42.82 ISK 5,293

$32.75 ISK 4,047

30.75%

Apples (1kg)

$3.33 ISK 412

$2.69 ISK 333

23.79%

Banana (1kg)

$2.53 ISK 313

$2.65 ISK 328

-4.53%

Oranges (1kg)

$3.06 ISK 379

$2.61 ISK 323

17.24%

Tomato (1kg)

$5.11 ISK 632

$7.27 ISK 898

-29.71%

Potato (1kg)

$3.70 ISK 458

$3.18 ISK 393

16.35%

Onion (1kg)

$2.36 ISK 292

$2.07 ISK 256

14.01%

Lettuce (1 head)

$3.08 ISK 381

$3.56 ISK 440

-13.48%

Water (1.5 liter bottle)

$1.96 ISK 242

$1.38 ISK 171

42.03%

Cigarettes 20 Pack (Marlboro, Camel)

$13.64 ISK 1,686

$15.41 ISK 1,904

-11.49%

Wine (Bottle)

$23.21 ISK 2,869

Local Beer (0.5 liter bottle)

$3.72 ISK 460

Imported Beer (0.33 liter bottle)

$3.37 ISK 416

$1.14 ISK 141

195.61%

Taxi Start (Normal Tariff)

$6.36 ISK 786

Taxi (Normal Tariff) (1km)

$2.57 ISK 318

Taxi 1hour Waiting (Normal Tariff)

$85.1 ISK 10.5K

Gasoline (1 liter)

$2.48 ISK 307

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

$48.0K ISK 5.9M

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

$53.1K ISK 6.6M

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

$86.4 ISK 10.7K

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

$27.06 ISK 3,344

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.4K

Cinema Ticket

$17.76 ISK 2,195

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

$320 ISK 39.5K

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

Jeans (Levis 501 Or Similar)

$138 ISK 17.1K

Summer Dress (H&M, Zara, etc)

$61.8 ISK 7,643

Sport Shoes (Adidas, Nike)

$184 ISK 22.8K

Men's Leather Business Shoes

$261 ISK 32.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,903 ISK 358.8K

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 Hverageroi: July 25, 2026

Last update for Selfoss: July 25, 2026

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 Selfoss: Cost of Living - Frequently Asked Questions

Selfoss costs about 117% more than Hverageroi, with the gap driven mainly by 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 $2,393 per month in Hverageroi and $5,192 in Selfoss. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,595 in Hverageroi and $3,462 in Selfoss. The difference isn't just one category – it shows up across housing, food, transport, and services.

Interestingly, groceries are about 18% cheaper in Selfoss – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,000 monthly budget goes further in Hverageroi, where all-in costs run around $1,595, than in Selfoss at $3,462. In Hverageroi it covers expenses comfortably, while in Selfoss it requires careful planning or may not stretch far enough.

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