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

Monthly Cost of Living

A single person spends $1,641 per month in Hverageroi vs $3,533 in Selfoss, rent included.

A couple spends around $2,807 per month in Hverageroi vs $2,478 in Selfoss, rent included.

A family of three spends $3,973 per month in Hverageroi vs $1,422 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 22%, Selfoss by 163%.

Meal at Budget Restaurant

$26.72 ISK 3,326

Three-Course Dinner for Two, Mid-Range

$143 ISK 17.8K

Fast Food Meal (McDonalds, etc)

$22.83 ISK 2,843

$19.63 ISK 2,444

16.30%

Cappuccino

$6.01 ISK 748

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

$3.36 ISK 418

Water (0.33 liter bottle)

$2.65 ISK 330

Local Beer (0.5 liter draught)

$12.94 ISK 1,611

$12.26 ISK 1,527

5.55%

Imported Beer (0.33 liter bottle)

$11.41 ISK 1,420

Milk (1 liter)

$1.86 ISK 231

$1.75 ISK 218

6.29%

White Bread (500g)

$4.29 ISK 535

$7.42 ISK 924

-42.18%

Rice (white) (1kg)

$3.63 ISK 452

$4.32 ISK 538

-15.97%

Eggs

$6.36 ISK 792

$6.22 ISK 774

2.25%

Local Cheese (1kg)

$18.19 ISK 2,265

$16.97 ISK 2,113

7.19%

Chicken Fillets (1kg)

$24.04 ISK 2,993

$21.17 ISK 2,635

13.56%

Beef Round Steak (1kg)

$42.28 ISK 5,264

$33.10 ISK 4,121

27.73%

Apples (1kg)

$3.32 ISK 413

$2.76 ISK 344

20.29%

Banana (1kg)

$2.52 ISK 314

$2.59 ISK 322

-2.70%

Oranges (1kg)

$3.08 ISK 384

$2.57 ISK 320

19.84%

Tomato (1kg)

$4.90 ISK 610

$7.15 ISK 891

-31.47%

Potato (1kg)

$3.58 ISK 445

$3.14 ISK 391

14.01%

Onion (1kg)

$2.34 ISK 292

$2.07 ISK 257

13.04%

Lettuce (1 head)

$3.07 ISK 383

$3.59 ISK 447

-14.48%

Water (1.5 liter bottle)

$2.02 ISK 251

$1.34 ISK 167

50.75%

Cigarettes 20 Pack (Marlboro, Camel)

$13.42 ISK 1,671

$15.37 ISK 1,914

-12.69%

Wine (Bottle)

$23.50 ISK 2,926

Local Beer (0.5 liter bottle)

$3.56 ISK 443

Imported Beer (0.33 liter bottle)

$3.31 ISK 412

$1.10 ISK 137

200.91%

Taxi Start (Normal Tariff)

$6.51 ISK 810

Taxi (Normal Tariff) (1km)

$2.65 ISK 330

Taxi 1hour Waiting (Normal Tariff)

$86.3 ISK 10.7K

Gasoline (1 liter)

$2.48 ISK 308

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

$46.5K ISK 5.8M

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

$51.6K ISK 6.4M

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

$89.5 ISK 11.1K

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

$26.99 ISK 3,361

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.4K

Cinema Ticket

$17.94 ISK 2,234

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

$317 ISK 39.4K

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

Jeans (Levis 501 Or Similar)

$136 ISK 17.0K

Summer Dress (H&M, Zara, etc)

$60.5 ISK 7,532

Sport Shoes (Adidas, Nike)

$182 ISK 22.7K

Men's Leather Business Shoes

$261 ISK 32.5K

1-bedroom Apartment, Outside City Center (Monthly)

$2,884 ISK 359.0K

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: June 6, 2026

Last update for Selfoss: June 8, 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 115% 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 $2,462 per month in Hverageroi and $5,299 in Selfoss. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,641 in Hverageroi and $3,533 in Selfoss. The difference isn't just one category – it shows up across housing, food, transport, and services.

Interestingly, groceries are about 16% cheaper in Selfoss – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $2,000 monthly budget goes further in Hverageroi, where all-in costs run around $1,641, than in Selfoss at $3,533. 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.