Last update: Oct 2026

Cost of Living Comparison Between Keflavik and Berlin

For one person, living is cheaper in Berlin: $2,551 a month against $2,992 in Keflavik, rent and utilities included – about $5,300 less a year. The total is higher in Keflavik despite lower rent and utilities.

147

Cost of Living Index in Keflavik
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Keflavik Living Index
124

Cost of Living Index in Berlin
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Berlin Living Index

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Keflavik

🇮🇸 Iceland

$2,992

/mo nomad

Berlin

🇩🇪 Germany

$2,551

/mo nomad

Monthly Cost of Living

How much you'll spend in Keflavik and in Berlin

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

A single person spends $2,992 per month in Keflavik vs $2,551 in Berlin, rent included.

Keflavik $2,992
Berlin $2,551

A couple spends around $4,538 per month in Keflavik vs $3,845 in Berlin, rent included.

Keflavik $4,538
Berlin $3,845

A family of three spends $6,084 per month in Keflavik vs $5,139 in Berlin, rent included.

Keflavik $6,084
Berlin $5,139

Keflavik costs about 17% more than Berlin, and outside of rent the biggest gap is in groceries.

Both Keflavik and Berlin sit above the global median – Keflavik by 122%, Berlin by 89%.

Meal at Budget Restaurant

$24.71 ISK 2,997

$16.65 €14.81

48.41%

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.0K

$76.7 €68.2

61.09%

Fast Food Meal (McDonalds, etc)

$20.40 ISK 2,475

$13.47 €11.98

51.45%

Cappuccino

$4.06 ISK 493

$4.37 €3.89

-7.09%

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

$3.18 ISK 386

$3.48 €3.09

-8.62%

Water (0.33 liter bottle)

$3.19 ISK 387

$3.12 €2.77

2.24%

Local Beer (0.5 liter draught)

$8.00 ISK 970

$5.34 €4.75

49.81%

Imported Beer (0.33 liter bottle)

$8.34 ISK 1,012

$4.39 €3.91

89.98%

Milk (1 liter)

$2.10 ISK 255

$1.27 €1.13

65.35%

White Bread (500g)

$4.23 ISK 513

$2.33 €2.08

81.55%

Rice (white) (1kg)

$2.53 ISK 307

$3.40 €3.02

-25.59%

Eggs

$6.32 ISK 767

$4.50 €4.00

40.44%

Local Cheese (1kg)

$19.06 ISK 2,311

$16.78 €14.93

13.59%

Chicken Fillets (1kg)

$24.38 ISK 2,958

$11.91 €10.59

104.70%

Beef Round Steak (1kg)

$41.25 ISK 5,003

$17.90 €15.92

130.45%

Apples (1kg)

$2.48 ISK 301

$3.46 €3.07

-28.32%

Banana (1kg)

$2.51 ISK 304

$1.95 €1.73

28.72%

Oranges (1kg)

$2.44 ISK 296

$3.26 €2.90

-25.15%

Tomato (1kg)

$4.01 ISK 486

$3.71 €3.30

8.09%

Potato (1kg)

$3.20 ISK 388

$2.10 €1.87

52.38%

Onion (1kg)

$1.70 ISK 206

$2.09 €1.86

-18.66%

Lettuce (1 head)

$3.84 ISK 465

$1.42 €1.27

170.42%

Water (1.5 liter bottle)

$1.78 ISK 215

$0.95 €0.84

87.37%

Cigarettes 20 Pack (Marlboro, Camel)

$13.97 ISK 1,695

$10.44 €9.29

33.81%

Wine (Bottle)

$16.58 ISK 2,012

$6.58 €5.85

151.98%

Local Beer (0.5 liter bottle)

$3.61 ISK 438

$1.27 €1.13

184.25%

Imported Beer (0.33 liter bottle)

$2.94 ISK 356

$2.08 €1.85

41.35%

One-way Ticket (Public Transport)

$3.68 ISK 446

$4.34 €3.86

-15.21%

Public Transport Monthly Pass (Regular Price)

$77.6 ISK 9,407

$71.6 €63.7

8.31%

Taxi Start (Normal Tariff)

$6.63 ISK 804

$5.26 €4.68

26.05%

Taxi (Normal Tariff) (1km)

$2.58 ISK 312

$3.09 €2.75

-16.50%

Taxi 1hour Waiting (Normal Tariff)

$80.2 ISK 9,727

$36.34 €32.32

120.67%

Gasoline (1 liter)

$2.10 ISK 255

$2.31 €2.05

-9.09%

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

$50.1K ISK 6.1M

$32.4K €28.8K

54.62%

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

$54.7K ISK 6.6M

$38.6K €34.3K

41.61%

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

$94.8 ISK 11.5K

$382 €340

-75.16%

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

$33.29 ISK 4,038

$18.83 €16.75

76.79%

Internet (50+ Mbps, Unlimited Data)

$85.0 ISK 10.3K

$48.57 €43.20

75.03%

Gym Membership (Monthly)

$78.5 ISK 9,526

$40.21 €35.76

95.32%

Tennis Court (1 Hour on Weekend)

$34.90 €31.04

Cinema Ticket

$19.48 ISK 2,363

$15.73 €14.00

23.84%

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

$407 ISK 49.3K

$142 €126

187.17%

International Primary School, 1 Child (Yearly)

$25.7K ISK 3.1M

$15.8K €14.0K

62.92%

Jeans (Levis 501 Or Similar)

$152 ISK 18.4K

$95.4 €84.8

59.32%

Summer Dress (H&M, Zara, etc)

$65.4 ISK 7,934

$46.32 €41.20

41.21%

Sport Shoes (Adidas, Nike)

$182 ISK 22.0K

$104 €92.4

74.83%

Men's Leather Business Shoes

$191 ISK 23.1K

$143 €128

33.01%

1-bedroom Apartment, City Center (Monthly)

$1,896 ISK 230.0K

$1,469 €1,306

29.11%

1-bedroom Apartment, Outside City Center (Monthly)

$1,329 ISK 161.2K

$1,114 €991

19.25%

3-bedroom Apartment, City Center (Monthly)

$2,516 ISK 305.1K

$2,751 €2,447

-8.55%

3-bedroom Apartment, Outside City Center (Monthly)

$2,061 ISK 250.0K

$2,107 €1,875

-2.21%

Buy Apartment in City Center (m2)

$8,454 €7,520

Buy Apartment Outside City Center (m2)

$5,435 €4,834

Average Monthly Net Salary (After Tax)

$3,752 ISK 455.0K

$3,543 €3,151

5.89%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

3.8

131.84%

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

Last update for Keflavik: October 12, 2026

Last update for Berlin: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Keflavik

$1.3K 44.4%

Berlin

$1.1K 43.7% 16.1% $215

Groceries & Markets

Keflavik

$566 18.9%

Berlin

$343 13.4% 39.4% $223

Eating Out

Keflavik

$390 13%

Berlin

$288 11.3% 26.1% $102

Clothing & Footwear

Keflavik

$265 8.9%

Berlin

$175 6.9% 34% $90

Monthly Utilities & Internet

Keflavik

$213 7.1%

Berlin

$449 17.6% 111% $236

Sport & Entertainment

Keflavik

$118 3.9%

Berlin

$72 2.8% 39% $46

Getting Around

Keflavik

$112 3.7%

Berlin

$110 4.3% 1.9% $2.1

Cost Breakdown

A central one-bedroom costs $1,896 in Keflavik versus $1,469 in Berlin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 6% higher in Keflavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $124 in Keflavik versus $77.0 in Berlin. Monthly groceries follow the same trend: $566 vs $343 – making Berlin the more affordable choice for daily food spending.

Good to know

🇮🇸 Keflavik

🇩🇪 Berlin

🕒 Local time

00:16 12:16 AM

02:16 2:16 AM

2 h ahead of Keflavik

🌤 Weather

👥 Population

15,000

3,769,962 Capital

💱 Currency

Icelandic Króna ISK kr

Euro EUR €

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Euro exchange rates as of October 19, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

USD to ISK in detail →

On the map

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Between locations

Keflavik Berlin 2,410 km ≈ 3 h 30 min nonstop flight

From you

Keflavik
Berlin

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

Keflavik vs Berlin: Cost of Living - Frequently Asked Questions

Yes – Keflavik is pricier by about 17%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $4,488 per month in Keflavik and $3,826 in Berlin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Berlin, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $2,992 in Keflavik and $2,551 in Berlin. That's a gap of about 17%.

Public transport costs about 8% less in Berlin. For daily commuters, that gap adds up to noticeable savings over a year.

$2,500 is a stretch for both – monthly costs hit $2,992 in Keflavik and $2,551 in Berlin. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Berlin – 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 Berlin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Keflavik makes more sense. Both are solid long-term options with distinct trade-offs.