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

Monthly Cost of Living

A single person spends $1,687 per month in Hverageroi vs $3,496 in Selfoss, rent included.

A couple spends around $2,943 per month in Hverageroi vs $2,470 in Selfoss, rent included.

A family of three spends $4,199 per month in Hverageroi vs $1,444 in Selfoss, rent included.

Hverageroi is about 52% cheaper than Selfoss, driven mainly by Eating Out.

Both Hverageroi and Selfoss sit above the global median – Hverageroi by 23%, Selfoss by 156%.

Meal at Budget Restaurant

$30.69 ISK 3,738

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

Fast Food Meal (McDonalds, etc)

$27.26 ISK 3,321

$20.93 ISK 2,549

30.24%

Cappuccino

$6.82 ISK 830

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

$3.36 ISK 410

Water (0.33 liter bottle)

$3.29 ISK 401

Local Beer (0.5 liter draught)

$13.92 ISK 1,695

$12.41 ISK 1,512

12.17%

Imported Beer (0.33 liter bottle)

$12.18 ISK 1,483

Milk (1 liter)

$2.02 ISK 246

$1.76 ISK 215

14.77%

White Bread (500g)

$4.42 ISK 538

$7.28 ISK 886

-39.29%

Rice (white) (1kg)

$3.52 ISK 429

$4.49 ISK 546

-21.60%

Eggs

$7.38 ISK 899

$6.59 ISK 802

11.99%

Local Cheese (1kg)

$21.40 ISK 2,606

$17.00 ISK 2,071

25.88%

Chicken Fillets (1kg)

$25.22 ISK 3,072

$21.05 ISK 2,564

19.81%

Beef Round Steak (1kg)

$42.20 ISK 5,140

$34.45 ISK 4,196

22.50%

Apples (1kg)

$3.33 ISK 406

$2.74 ISK 333

21.53%

Banana (1kg)

$2.81 ISK 342

$2.70 ISK 329

4.07%

Oranges (1kg)

$3.33 ISK 406

$2.64 ISK 321

26.14%

Tomato (1kg)

$6.23 ISK 759

$7.04 ISK 857

-11.51%

Potato (1kg)

$3.96 ISK 483

$3.27 ISK 398

21.10%

Onion (1kg)

$1.67 ISK 203

$2.17 ISK 264

-23.04%

Lettuce (1 head)

$3.80 ISK 463

$3.56 ISK 433

6.74%

Water (1.5 liter bottle)

$1.82 ISK 222

$1.42 ISK 173

28.17%

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,677

$15.55 ISK 1,894

-11.45%

Wine (Bottle)

$24.28 ISK 2,958

Local Beer (0.5 liter bottle)

$3.82 ISK 465

Imported Beer (0.33 liter bottle)

$3.47 ISK 423

$1.18 ISK 144

194.07%

Taxi Start (Normal Tariff)

$6.80 ISK 828

Taxi (Normal Tariff) (1km)

$2.88 ISK 350

Taxi 1hour Waiting (Normal Tariff)

$75.4 ISK 9,179

Gasoline (1 liter)

$2.03 ISK 247

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

$51.0K ISK 6.2M

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

$54.4K ISK 6.6M

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

$88.7 ISK 10.8K

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

$33.35 ISK 4,062

Internet (50+ Mbps, Unlimited Data)

$83.6 ISK 10.2K

Cinema Ticket

$20.06 ISK 2,444

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

$1,179 ISK 143.6K

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.7M

Jeans (Levis 501 Or Similar)

$156 ISK 19.1K

Summer Dress (H&M, Zara, etc)

$65.9 ISK 8,021

Sport Shoes (Adidas, Nike)

$179 ISK 21.8K

Men's Leather Business Shoes

$254 ISK 30.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,832 ISK 344.9K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.88

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

Last update for Hverageroi: September 12, 2026

Last update for Selfoss: September 12, 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 107% 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 $2,531 per month in Hverageroi and $5,244 in Selfoss. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,687 in Hverageroi and $3,496 in Selfoss. The difference isn't just one category – it shows up across housing, food, transport, and services.

Interestingly, groceries are about 22% 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 $1,687, than in Selfoss at $3,496. 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.