Cost of Living Comparison Between Keflavik and Reykjavik Cost of Living Comparison Between Keflavik and Reykjavik

🙂 Solo nomad: Keflavik is 8.7% cheaper than Reykjavik without rent, and 24% cheaper with rent.

🙂 Family of 3: Keflavik is 22.3% cheaper than Reykjavik without rent, and 16.9% cheaper with rent.

Meal at Budget Restaurant

$24.37 ISK 3,049

$27.22 ISK 3,406

-10.47%

Three-Course Dinner for Two, Mid-Range

$143 ISK 17.9K

$145 ISK 18.1K

-1.23%

Fast Food Meal (McDonalds, etc)

$20.19 ISK 2,527

$22.41 ISK 2,804

-9.91%

Cappuccino

$3.99 ISK 499

$5.94 ISK 744

-32.83%

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

$3.20 ISK 400

$3.26 ISK 408

-1.84%

Water (0.33 liter bottle)

$2.51 ISK 314

$2.54 ISK 318

-1.18%

Local Beer (0.5 liter draught)

$8.22 ISK 1,029

$12.83 ISK 1,606

-35.93%

Imported Beer (0.33 liter bottle)

$7.89 ISK 987

$11.46 ISK 1,434

-31.15%

Milk (1 liter)

$1.96 ISK 246

$1.88 ISK 236

4.26%

White Bread (500g)

$4.31 ISK 539

$4.33 ISK 542

-0.46%

Rice (white) (1kg)

$2.36 ISK 295

$3.57 ISK 447

-33.89%

Eggs

$6.21 ISK 777

$6.56 ISK 821

-5.34%

Local Cheese (1kg)

$17.93 ISK 2,244

$18.18 ISK 2,275

-1.38%

Chicken Fillets (1kg)

$23.44 ISK 2,933

$24.52 ISK 3,069

-4.40%

Beef Round Steak (1kg)

$43.07 ISK 5,390

$42.03 ISK 5,260

2.47%

Apples (1kg)

$2.39 ISK 299

$3.20 ISK 400

-25.31%

Banana (1kg)

$2.40 ISK 300

$2.42 ISK 303

-0.83%

Oranges (1kg)

$2.46 ISK 307

$3.06 ISK 383

-19.61%

Tomato (1kg)

$4.06 ISK 508

$4.86 ISK 609

-16.46%

Potato (1kg)

$3.18 ISK 397

$3.66 ISK 458

-13.11%

Onion (1kg)

$2.04 ISK 255

$2.34 ISK 293

-12.82%

Lettuce (1 head)

$3.13 ISK 391

$3.14 ISK 393

-0.32%

Water (1.5 liter bottle)

$1.92 ISK 241

$2.02 ISK 253

-4.95%

Cigarettes 20 Pack (Marlboro, Camel)

$13.59 ISK 1,701

$13.91 ISK 1,741

-2.30%

Wine (Bottle)

$16.49 ISK 2,063

$23.74 ISK 2,971

-30.54%

Local Beer (0.5 liter bottle)

$3.75 ISK 470

$3.69 ISK 462

1.63%

Imported Beer (0.33 liter bottle)

$2.74 ISK 343

$3.23 ISK 404

-15.17%

One-way Ticket (Public Transport)

$3.56 ISK 446

$5.29 ISK 662

-32.70%

Public Transport Monthly Pass (Regular Price)

$74.1 ISK 9,271

$88.2 ISK 11.0K

-16.01%

Taxi Start (Normal Tariff)

$6.27 ISK 784

$6.54 ISK 818

-4.13%

Taxi (Normal Tariff) (1km)

$2.29 ISK 286

$2.60 ISK 326

-11.92%

Taxi 1hour Waiting (Normal Tariff)

$86.6 ISK 10.8K

$85.8 ISK 10.7K

0.98%

Gasoline (1 liter)

$2.43 ISK 304

$2.51 ISK 315

-3.19%

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

$47.6K ISK 6.0M

$47.1K ISK 5.9M

1.03%

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

$53.0K ISK 6.6M

$52.6K ISK 6.6M

0.82%

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

$88.8 ISK 11.1K

$89.2 ISK 11.2K

-0.39%

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

$27.97 ISK 3,500

$27.07 ISK 3,387

3.32%

Internet (50+ Mbps, Unlimited Data)

$85.5 ISK 10.7K

$84.2 ISK 10.5K

1.58%

Gym Membership (Monthly)

$84.0 ISK 10.5K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.26 ISK 2,160

$17.42 ISK 2,180

-0.92%

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

$323 ISK 40.5K

$324 ISK 40.5K

-0.07%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

$30.5K ISK 3.8M

-0.23%

Jeans (Levis 501 Or Similar)

$139 ISK 17.4K

$141 ISK 17.7K

-1.55%

Summer Dress (H&M, Zara, etc)

$61.3 ISK 7,673

$62.6 ISK 7,837

-2.09%

Sport Shoes (Adidas, Nike)

$180 ISK 22.6K

$183 ISK 22.9K

-1.58%

Men's Leather Business Shoes

$191 ISK 23.9K

$268 ISK 33.5K

-28.65%

1-bedroom Apartment, City Center (Monthly)

$1,866 ISK 233.5K

$2,197 ISK 274.9K

-15.05%

1-bedroom Apartment, Outside City Center (Monthly)

$1,319 ISK 165.1K

$2,053 ISK 256.9K

-35.75%

3-bedroom Apartment, City Center (Monthly)

$2,415 ISK 302.2K

$3,159 ISK 395.3K

-23.54%

3-bedroom Apartment, Outside City Center (Monthly)

$2,043 ISK 255.7K

$2,728 ISK 341.4K

-25.12%

Buy Apartment in City Center (m2)

$7,833 ISK 980.2K

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

Average Monthly Net Salary (After Tax)

$3,742 ISK 468.3K

$4,471 ISK 559.5K

-16.31%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Keflavik: March 2, 2026

Last update for Reykjavik: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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