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 $1,803 per month in Iceland vs $846 in Brazil, rent included.

A couple spends around $2,687 per month in Iceland vs $1,346 in Brazil, rent included.

A family of three spends $3,570 per month in Iceland vs $1,845 in Brazil, rent included.

The cost of living in Iceland is about 113% higher than in Brazil on average – the gap runs across housing, groceries, transport, and services.

Iceland sits 31% above the global median, while Brazil is 39% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$28.87 ISK 3,477

$6.47 R$33.16

346.21%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.7K

$33.65 R$173

262.56%

Fast Food Meal (McDonalds, etc)

$23.81 ISK 2,867

$7.92 R$40.59

200.63%

Cappuccino

$6.49 ISK 781

$2.07 R$10.61

213.53%

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

$3.32 ISK 400

$1.26 R$6.48

163.49%

Water (0.33 liter bottle)

$3.15 ISK 379

$0.74 R$3.77

325.68%

Local Beer (0.5 liter draught)

$12.32 ISK 1,484

$1.92 R$9.86

541.67%

Imported Beer (0.33 liter bottle)

$12.38 ISK 1,492

$2.94 R$15.09

321.09%

Milk (1 liter)

$2.05 ISK 247

$1.08 R$5.52

89.81%

White Bread (500g)

$4.00 ISK 482

$1.74 R$8.92

129.89%

Rice (white) (1kg)

$3.61 ISK 435

$1.30 R$6.69

177.69%

Eggs

$6.98 ISK 841

$2.23 R$11.42

213.00%

Local Cheese (1kg)

$20.45 ISK 2,463

$9.16 R$46.94

123.25%

Chicken Fillets (1kg)

$25.49 ISK 3,070

$4.33 R$22.22

488.68%

Beef Round Steak (1kg)

$41.73 ISK 5,027

$8.46 R$43.35

393.26%

Apples (1kg)

$3.16 ISK 380

$2.22 R$11.37

42.34%

Banana (1kg)

$2.79 ISK 336

$1.33 R$6.81

109.77%

Oranges (1kg)

$3.09 ISK 372

$1.20 R$6.16

157.50%

Tomato (1kg)

$5.95 ISK 716

$1.52 R$7.78

291.45%

Potato (1kg)

$3.89 ISK 469

$1.19 R$6.13

226.89%

Onion (1kg)

$1.94 ISK 234

$1.07 R$5.47

81.31%

Lettuce (1 head)

$3.75 ISK 452

$0.84 R$4.30

346.43%

Water (1.5 liter bottle)

$1.94 ISK 234

$0.80 R$4.09

142.50%

Cigarettes 20 Pack (Marlboro, Camel)

$14.21 ISK 1,712

$2.39 R$12.27

494.56%

Wine (Bottle)

$23.35 ISK 2,812

$7.62 R$39.06

206.43%

Local Beer (0.5 liter bottle)

$3.75 ISK 452

$1.36 R$6.98

175.74%

Imported Beer (0.33 liter bottle)

$3.38 ISK 407

$2.32 R$11.89

45.69%

One-way Ticket (Public Transport)

$5.71 ISK 688

$1.02 R$5.23

459.80%

Public Transport Monthly Pass (Regular Price)

$94.5 ISK 11.4K

$44.47 R$228

112.41%

Taxi Start (Normal Tariff)

$6.59 ISK 794

$1.30 R$6.66

406.92%

Taxi (Normal Tariff) (1km)

$2.87 ISK 346

$0.94 R$4.83

205.32%

Taxi 1hour Waiting (Normal Tariff)

$74.2 ISK 8,933

$8.03 R$41.15

823.54%

Gasoline (1 liter)

$2.29 ISK 276

$1.25 R$6.39

83.20%

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

$50.4K ISK 6.1M

$23.0K R$117.7K

119.23%

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

$55.2K ISK 6.7M

$31.6K R$161.8K

74.94%

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

$99.0 ISK 11.9K

$81.0 R$415

22.24%

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

$32.11 ISK 3,867

$12.79 R$65.6

151.06%

Internet (50+ Mbps, Unlimited Data)

$87.1 ISK 10.5K

$20.82 R$107

318.35%

Gym Membership (Monthly)

$89.8 ISK 10.8K

$25.51 R$131

252.06%

Tennis Court (1 Hour on Weekend)

$51.5 ISK 6,207

$26.17 R$134

96.94%

Cinema Ticket

$19.34 ISK 2,329

$6.99 R$35.81

176.68%

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

$958 ISK 115.4K

$337 R$1,725

184.76%

International Primary School, 1 Child (Yearly)

$31.6K ISK 3.8M

$8,862 R$45.4K

256.34%

Jeans (Levis 501 Or Similar)

$157 ISK 18.9K

$53.1 R$272

195.67%

Summer Dress (H&M, Zara, etc)

$49.70 ISK 5,986

$48.80 R$250

1.84%

Sport Shoes (Adidas, Nike)

$171 ISK 20.6K

$88.6 R$454

93.16%

Men's Leather Business Shoes

$239 ISK 28.8K

$68.5 R$351

248.61%

1-bedroom Apartment, City Center (Monthly)

$2,439 ISK 293.8K

$377 R$1,933

546.71%

1-bedroom Apartment, Outside City Center (Monthly)

$1,988 ISK 239.5K

$244 R$1,250

715.10%

3-bedroom Apartment, City Center (Monthly)

$3,409 ISK 410.6K

$724 R$3,713

370.69%

3-bedroom Apartment, Outside City Center (Monthly)

$2,698 ISK 325.0K

$477 R$2,445

465.81%

Buy Apartment in City Center (m2)

$7,754 ISK 933.9K

$1,846 R$9,462

320.05%

Buy Apartment Outside City Center (m2)

$6,360 ISK 766.1K

$1,262 R$6,469

404.04%

Average Monthly Net Salary (After Tax)

$4,935 ISK 594.4K

$524 R$2,686

841.84%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.3

11.19

-16.89%

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

Last update for Iceland: September 6, 2026

Last update for Brazil: September 7, 2026

Cost Breakdown

Average rent: $559 in Iceland vs $341 in Brazil. For reference, capital cities sit at $2,489 in Reykjavik and $479 in Brasilia.

Average salary: $5,043 in Iceland vs $487 in Brazil. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 64% higher in Iceland.

Dining out costs 163% more in Iceland.

Public transport is 105% more expensive in Brazil.

Salaries are 936% higher in Iceland, and purchasing power comes out stronger in Iceland.

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 97% 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 97% 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.