Cost of Living Comparison Between Iceland and Brazil Cost of Living Comparison Between Iceland and Brazil

Name: Brazil
Address: BR

Monthly Cost of Living

A single person spends $1,712 per month in Iceland vs $765 in Brazil, rent included.

A couple spends around $2,549 per month in Iceland vs $1,223 in Brazil, rent included.

A family of three spends $3,385 per month in Iceland vs $1,681 in Brazil, rent included.

Iceland costs about 124% more than Brazil on average – the gap runs across housing, groceries, transport, and services.

Iceland sits 28% above the global median, while Brazil is 43% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$26.20 ISK 3,231

$5.34 R$26.73

390.64%

Three-Course Dinner for Two, Mid-Range

$129 ISK 15.9K

$28.68 R$144

350.14%

Fast Food Meal (McDonalds, etc)

$19.99 ISK 2,465

$6.33 R$31.68

215.80%

Cappuccino

$6.03 ISK 744

$1.77 R$8.84

240.68%

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

$3.36 ISK 414

$1.08 R$5.40

211.11%

Water (0.33 liter bottle)

$2.60 ISK 321

$0.66 R$3.28

293.94%

Local Beer (0.5 liter draught)

$11.97 ISK 1,476

$1.81 R$9.08

561.33%

Imported Beer (0.33 liter bottle)

$10.31 ISK 1,272

$2.76 R$13.79

273.55%

Milk (1 liter)

$1.92 ISK 237

$0.93 R$4.67

106.45%

White Bread (500g)

$4.22 ISK 520

$1.47 R$7.36

187.07%

Rice (white) (1kg)

$3.43 ISK 423

$1.18 R$5.89

190.68%

Eggs

$6.39 ISK 788

$2.05 R$10.26

211.71%

Local Cheese (1kg)

$18.18 ISK 2,242

$8.34 R$41.75

117.99%

Chicken Fillets (1kg)

$24.14 ISK 2,976

$3.77 R$18.88

540.32%

Beef Round Steak (1kg)

$42.49 ISK 5,239

$7.26 R$36.34

485.26%

Apples (1kg)

$3.14 ISK 387

$2.07 R$10.38

51.69%

Banana (1kg)

$2.41 ISK 297

$1.27 R$6.36

89.76%

Oranges (1kg)

$2.87 ISK 354

$1.13 R$5.64

153.98%

Tomato (1kg)

$4.93 ISK 608

$1.45 R$7.25

240.00%

Potato (1kg)

$3.55 ISK 437

$1.13 R$5.67

214.16%

Onion (1kg)

$2.24 ISK 277

$1.11 R$5.54

101.80%

Lettuce (1 head)

$3.12 ISK 385

$0.72 R$3.60

333.33%

Water (1.5 liter bottle)

$2.25 ISK 278

$0.69 R$3.43

226.09%

Cigarettes 20 Pack (Marlboro, Camel)

$14.40 ISK 1,775

$2.15 R$10.74

569.77%

Wine (Bottle)

$23.05 ISK 2,842

$8.09 R$40.47

184.92%

Local Beer (0.5 liter bottle)

$3.61 ISK 445

$1.17 R$5.86

208.55%

Imported Beer (0.33 liter bottle)

$3.08 ISK 379

$2.13 R$10.66

44.60%

One-way Ticket (Public Transport)

$5.17 ISK 637

$0.86 R$4.31

501.16%

Public Transport Monthly Pass (Regular Price)

$82.8 ISK 10.2K

$40.93 R$205

102.17%

Taxi Start (Normal Tariff)

$6.54 ISK 806

$1.06 R$5.29

516.98%

Taxi (Normal Tariff) (1km)

$2.26 ISK 279

$0.90 R$4.48

151.11%

Taxi 1hour Waiting (Normal Tariff)

$84.8 ISK 10.5K

$7.33 R$36.68

1057.16%

Gasoline (1 liter)

$2.53 ISK 312

$1.04 R$5.20

143.27%

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

$47.3K ISK 5.8M

$21.3K R$106.5K

122.48%

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

$53.9K ISK 6.6M

$27.5K R$137.6K

95.87%

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

$88.9 ISK 11.0K

$68.1 R$341

30.61%

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

$28.02 ISK 3,455

$14.08 R$70.4

99.01%

Internet (50+ Mbps, Unlimited Data)

$87.8 ISK 10.8K

$19.45 R$97.3

351.62%

Gym Membership (Monthly)

$80.8 ISK 9,966

$23.15 R$116

249.16%

Tennis Court (1 Hour on Weekend)

$37.38 ISK 4,609

$22.55 R$113

65.76%

Cinema Ticket

$17.80 ISK 2,194

$6.36 R$31.84

179.87%

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

$356 ISK 44.0K

$289 R$1,445

23.47%

International Primary School, 1 Child (Yearly)

$30.7K ISK 3.8M

$7,444 R$37.3K

311.85%

Jeans (Levis 501 Or Similar)

$141 ISK 17.4K

$49.66 R$249

183.83%

Summer Dress (H&M, Zara, etc)

$63.7 ISK 7,853

$41.98 R$210

51.72%

Sport Shoes (Adidas, Nike)

$171 ISK 21.1K

$77.4 R$387

121.45%

Men's Leather Business Shoes

$255 ISK 31.5K

$63.0 R$316

304.82%

1-bedroom Apartment, City Center (Monthly)

$2,220 ISK 273.7K

$326 R$1,632

580.56%

1-bedroom Apartment, Outside City Center (Monthly)

$1,975 ISK 243.6K

$229 R$1,144

763.80%

3-bedroom Apartment, City Center (Monthly)

$3,128 ISK 385.6K

$634 R$3,170

393.68%

3-bedroom Apartment, Outside City Center (Monthly)

$2,669 ISK 329.1K

$452 R$2,263

490.16%

Buy Apartment in City Center (m2)

$7,489 ISK 923.4K

$1,906 R$9,537

292.97%

Buy Apartment Outside City Center (m2)

$6,310 ISK 778.0K

$1,257 R$6,293

401.84%

Average Monthly Net Salary (After Tax)

$4,699 ISK 579.4K

$536 R$2,683

776.44%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.88

11.16

-11.47%

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

Last update for Iceland: June 1, 2026

Last update for Brazil: May 31, 2026

Cost Breakdown

Average rent: $534 in Iceland vs $304 in Brazil. For reference, capital cities sit at $2,175 in Reykjavik and $408 in Brasilia.

Average salary: $4,897 in Iceland vs $494 in Brazil. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 76% higher in Iceland.

Dining out costs 211% more in Iceland.

Public transport is 117% more expensive in Brazil.

Salaries are 891% higher in Iceland, giving Iceland stronger purchasing power.

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

Iceland vs Brazil: Cost of Living - Frequently Asked Questions

Brazil is the cheaper option – living costs run roughly 138% lower on average. The gap is consistent across housing, groceries, transport, and entertainment.

Housing costs more in Iceland, and the gap is biggest in capital cities. Regional towns show less difference, but Iceland consistently has higher rents.

Groceries, transport, and utilities all cost less in Brazil, contributing to the overall 138% price gap. The savings show up everywhere – from supermarket receipts to monthly bills.

$2,000 buys a comfortable lifestyle in Brazil, but in Iceland it only works with careful planning outside the capital. Same money, very different lives.

Brazil is the budget-friendly choice for expats – lower housing and daily costs. But cost isn't everything: visa policies, language, healthcare quality, and job markets all weigh in too.