Last update: Oct 2026

Cost of Living Comparison Between Iceland and Brazil

Name: Brazil
Address: BR

For one person, living is cheaper in Brazil: $865 a month against $3,897 in Iceland, rent and utilities included – about $36,400 less a year. Rent and utilities account for most of the difference.

187

Cost of Living Index in Iceland
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Iceland Living Index
42

Cost of Living Index in Brazil
Learn more

Brazil Living Index

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🇮🇸 Iceland

$3,897

/mo nomad

🇧🇷 Brazil

$865

/mo nomad

Monthly Cost of Living

How much you'll spend in Iceland and in Brazil

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Iceland and in Brazil actually costs, broken down by who's living it.

A single person spends $3,897 per month in Iceland vs $865 in Brazil, rent included.

Iceland $3,897
Brazil $865

A couple spends around $5,533 per month in Iceland vs $1,373 in Brazil, rent included.

Iceland $5,533
Brazil $1,373

A family of three spends $7,168 per month in Iceland vs $1,880 in Brazil, rent included.

Iceland $7,168
Brazil $1,880

The regional cost range is wider in Iceland ($179–$4,040) than in Brazil ($569–$1,349), so city choice matters more there.

The cost of living in Iceland is about 350% higher than in Brazil on average.

Iceland sits 186% above the global median, while Brazil is 36% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$28.48 ISK 3,457

$6.55 R$35.64

334.81%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$30.71 R$167

300.65%

Fast Food Meal (McDonalds, etc)

$23.70 ISK 2,877

$7.45 R$40.53

218.12%

Cappuccino

$6.09 ISK 740

$1.91 R$10.38

218.85%

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

$3.11 ISK 378

$1.15 R$6.28

170.43%

Water (0.33 liter bottle)

$2.95 ISK 358

$0.76 R$4.11

288.16%

Local Beer (0.5 liter draught)

$12.19 ISK 1,479

$1.85 R$10.06

558.92%

Imported Beer (0.33 liter bottle)

$12.42 ISK 1,508

$2.86 R$15.53

334.27%

Milk (1 liter)

$2.03 ISK 246

$1.03 R$5.61

97.09%

White Bread (500g)

$3.99 ISK 484

$1.57 R$8.51

154.14%

Rice (white) (1kg)

$3.45 ISK 419

$1.24 R$6.72

178.23%

Eggs

$7.17 ISK 870

$2.10 R$11.44

241.43%

Local Cheese (1kg)

$20.65 ISK 2,507

$8.87 R$48.21

132.81%

Chicken Fillets (1kg)

$24.78 ISK 3,008

$3.99 R$21.71

521.05%

Beef Round Steak (1kg)

$42.17 ISK 5,119

$7.76 R$42.17

443.43%

Apples (1kg)

$3.01 ISK 366

$2.15 R$11.71

40.00%

Banana (1kg)

$2.67 ISK 325

$1.27 R$6.91

110.24%

Oranges (1kg)

$3.15 ISK 382

$1.16 R$6.28

171.55%

Tomato (1kg)

$5.93 ISK 719

$1.53 R$8.31

287.58%

Potato (1kg)

$3.86 ISK 469

$1.16 R$6.31

232.76%

Onion (1kg)

$1.85 ISK 225

$1.02 R$5.54

81.37%

Lettuce (1 head)

$3.59 ISK 436

$0.74 R$4.03

385.14%

Water (1.5 liter bottle)

$1.89 ISK 229

$0.72 R$3.90

162.50%

Cigarettes 20 Pack (Marlboro, Camel)

$14.17 ISK 1,721

$2.25 R$12.26

529.78%

Wine (Bottle)

$22.52 ISK 2,734

$7.65 R$41.60

194.38%

Local Beer (0.5 liter bottle)

$3.65 ISK 443

$1.30 R$7.09

180.77%

Imported Beer (0.33 liter bottle)

$3.33 ISK 405

$2.16 R$11.77

54.17%

One-way Ticket (Public Transport)

$5.51 ISK 669

$0.94 R$5.11

486.17%

Public Transport Monthly Pass (Regular Price)

$94.7 ISK 11.5K

$44.00 R$239

115.23%

Taxi Start (Normal Tariff)

$6.77 ISK 822

$1.23 R$6.68

450.41%

Taxi (Normal Tariff) (1km)

$2.87 ISK 349

$0.96 R$5.20

198.96%

Taxi 1hour Waiting (Normal Tariff)

$79.3 ISK 9,631

$7.42 R$40.34

969.14%

Gasoline (1 liter)

$2.35 ISK 285

$1.21 R$6.60

94.21%

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

$69.7K ISK 8.5M

$22.1K R$120.4K

214.72%

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

$56.0K ISK 6.8M

$31.6K R$171.6K

77.49%

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

$103 ISK 12.5K

$77.2 R$420

33.53%

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

$32.44 ISK 3,939

$12.44 R$67.6

160.77%

Internet (50+ Mbps, Unlimited Data)

$87.9 ISK 10.7K

$19.80 R$108

343.74%

Gym Membership (Monthly)

$92.3 ISK 11.2K

$24.36 R$132

278.90%

Tennis Court (1 Hour on Weekend)

$52.4 ISK 6,359

$25.46 R$138

105.73%

Cinema Ticket

$19.09 ISK 2,317

$6.98 R$37.97

173.50%

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

$947 ISK 115.0K

$316 R$1,718

199.82%

International Primary School, 1 Child (Yearly)

$26.4K ISK 3.2M

$8,298 R$45.1K

217.96%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$49.37 R$268

201.86%

Summer Dress (H&M, Zara, etc)

$47.82 ISK 5,806

$45.73 R$249

4.57%

Sport Shoes (Adidas, Nike)

$172 ISK 20.9K

$83.4 R$454

106.06%

Men's Leather Business Shoes

$234 ISK 28.4K

$65.6 R$357

256.84%

1-bedroom Apartment, City Center (Monthly)

$2,575 ISK 312.7K

$373 R$2,028

590.40%

1-bedroom Apartment, Outside City Center (Monthly)

$2,041 ISK 247.8K

$251 R$1,362

714.68%

3-bedroom Apartment, City Center (Monthly)

$3,504 ISK 425.4K

$719 R$3,909

387.41%

3-bedroom Apartment, Outside City Center (Monthly)

$2,712 ISK 329.2K

$490 R$2,666

453.11%

Buy Apartment in City Center (m2)

$7,617 ISK 924.7K

$1,795 R$9,759

324.37%

Buy Apartment Outside City Center (m2)

$6,338 ISK 769.4K

$1,269 R$6,900

399.40%

Average Monthly Net Salary (After Tax)

$4,789 ISK 581.4K

$496 R$2,699

864.68%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.29

11.17

-16.83%

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

Last update for Iceland: October 25, 2026

Last update for Brazil: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Iceland

$2K 52.4%

Brazil

$251 29% 87.7% $1.8K

Groceries & Markets

Iceland

$611 15.7%

Brazil

$183 21.2% 70% $427

Eating Out

Iceland

$482 12.4%

Brazil

$120 13.9% 75% $362

Clothing & Footwear

Iceland

$271 7%

Brazil

$110 12.7% 59.5% $161

Monthly Utilities & Internet

Iceland

$223 5.7%

Brazil

$109 12.6% 51% $114

Getting Around

Iceland

$138 3.5%

Brazil

$54 6.2% 61% $84

Sport & Entertainment

Iceland

$130 3.4%

Brazil

$38 4.4% 70.6% $92

Cost Breakdown

Average rent: $2,368 in Iceland vs $335 in Brazil. For reference, capital cities sit at $2,585 in Reykjavik and $517 in Brasilia.

Average salary: $4,949 in Iceland vs $468 in Brazil. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 607% higher in Iceland.

Dining out costs 310% more in Iceland.

Public transport is 88% more expensive in Iceland.

Salaries are about 11 times higher in Iceland, and purchasing power comes out stronger in Iceland.

Good to know

🇮🇸 Iceland

🇧🇷 Brazil

🕒 Local time

21:40 9:40 PM

18:40 6:40 PM

3 h behind Iceland

🌤 Weather

👥 Population

364,260

203,062,512

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 EUR

1 BRL = 0.184 USD

1 BRL = 0.164 EUR

Exchange rates and currency converter

BRL, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of November 2, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

Brazilian Real exchange rates as of November 2, 2026: 1 USD = 5.44 BRL (1 BRL = 0.184 USD). 1 EUR = 6.09 BRL (1 BRL = 0.164 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Iceland Brazil 9,160 km ≈ 12 h nonstop flight

From you

Iceland
Brazil

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

Iceland vs Brazil: Cost of Living - Frequently Asked Questions

Brazil is the cheaper option – living costs run roughly 78% lower on average.

Housing costs more in Iceland: a central one-bedroom averages $2,368 versus $335 in Brazil.

Groceries, public transport, and eating out all cost less in Brazil – part of why living there is about 78% cheaper overall.

$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. But cost isn’t everything: visa policies, language, healthcare quality, and job markets all weigh in too.