Cost of Living Comparison Between Kopavogur and Reykjavik Cost of Living Comparison Between Kopavogur and Reykjavik

🙂 Solo nomad: Kopavogur is 7.1% cheaper than Reykjavik without rent, and 54% cheaper with rent.

🙂 Family of 3: Kopavogur is 13.1% cheaper than Reykjavik without rent, and 42.7% cheaper with rent.

Meal at Budget Restaurant

$27.11 ISK 3,392

$27.22 ISK 3,406

-0.40%

Three-Course Dinner for Two, Mid-Range

$96.0 ISK 12.0K

$145 ISK 18.1K

-33.68%

Fast Food Meal (McDonalds, etc)

$22.84 ISK 2,858

$22.41 ISK 2,804

1.92%

Cappuccino

$5.95 ISK 744

$5.94 ISK 744

0.17%

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

$2.02 ISK 253

$3.26 ISK 408

-38.04%

Water (0.33 liter bottle)

$2.61 ISK 327

$2.54 ISK 318

2.76%

Local Beer (0.5 liter draught)

$10.43 ISK 1,306

$12.83 ISK 1,606

-18.71%

Imported Beer (0.33 liter bottle)

$11.05 ISK 1,383

$11.46 ISK 1,434

-3.58%

Milk (1 liter)

$1.67 ISK 209

$1.88 ISK 236

-11.17%

White Bread (500g)

$4.19 ISK 525

$4.33 ISK 542

-3.23%

Rice (white) (1kg)

$3.71 ISK 465

$3.57 ISK 447

3.92%

Eggs

$6.46 ISK 808

$6.56 ISK 821

-1.52%

Local Cheese (1kg)

$18.42 ISK 2,305

$18.18 ISK 2,275

1.32%

Chicken Fillets (1kg)

$23.60 ISK 2,954

$24.52 ISK 3,068

-3.75%

Beef Round Steak (1kg)

$42.97 ISK 5,377

$42.03 ISK 5,260

2.24%

Apples (1kg)

$3.19 ISK 399

$3.20 ISK 400

-0.31%

Banana (1kg)

$2.52 ISK 315

$2.42 ISK 303

4.13%

Oranges (1kg)

$3.08 ISK 385

$3.06 ISK 383

0.65%

Tomato (1kg)

$5.08 ISK 635

$4.86 ISK 609

4.53%

Potato (1kg)

$3.58 ISK 448

$3.66 ISK 458

-2.19%

Onion (1kg)

$2.32 ISK 290

$2.34 ISK 293

-0.85%

Lettuce (1 head)

$3.20 ISK 400

$3.14 ISK 393

1.91%

Water (1.5 liter bottle)

$1.95 ISK 244

$2.02 ISK 253

-3.47%

Cigarettes 20 Pack (Marlboro, Camel)

$13.55 ISK 1,696

$13.91 ISK 1,741

-2.59%

Wine (Bottle)

$23.59 ISK 2,951

$23.74 ISK 2,971

-0.63%

Local Beer (0.5 liter bottle)

$3.70 ISK 463

$3.69 ISK 462

0.27%

Imported Beer (0.33 liter bottle)

$3.21 ISK 402

$3.23 ISK 404

-0.62%

One-way Ticket (Public Transport)

$4.48 ISK 560

$5.29 ISK 662

-15.31%

Public Transport Monthly Pass (Regular Price)

$72.9 ISK 9,119

$88.2 ISK 11.0K

-17.38%

Taxi Start (Normal Tariff)

$5.80 ISK 726

$6.54 ISK 818

-11.31%

Taxi (Normal Tariff) (1km)

$2.54 ISK 318

$2.60 ISK 326

-2.31%

Taxi 1hour Waiting (Normal Tariff)

$87.8 ISK 11.0K

$85.8 ISK 10.7K

2.28%

Gasoline (1 liter)

$2.45 ISK 307

$2.51 ISK 315

-2.39%

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

$46.5K ISK 5.8M

$47.1K ISK 5.9M

-1.42%

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

$53.0K ISK 6.6M

$52.6K ISK 6.6M

0.79%

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

$89.3 ISK 11.2K

$89.2 ISK 11.2K

0.16%

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

$27.91 ISK 3,493

$27.07 ISK 3,387

3.10%

Internet (50+ Mbps, Unlimited Data)

$86.6 ISK 10.8K

$84.2 ISK 10.5K

2.89%

Gym Membership (Monthly)

$69.0 ISK 8,631

$84.0 ISK 10.5K

-17.84%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$16.79 ISK 2,101

$17.42 ISK 2,180

-3.62%

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

$317 ISK 39.7K

$324 ISK 40.5K

-2.00%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

$30.5K ISK 3.8M

-0.08%

Jeans (Levis 501 Or Similar)

$139 ISK 17.4K

$141 ISK 17.7K

-1.70%

Summer Dress (H&M, Zara, etc)

$52.9 ISK 6,618

$62.6 ISK 7,836

-15.55%

Sport Shoes (Adidas, Nike)

$161 ISK 20.2K

$183 ISK 22.9K

-12.07%

Men's Leather Business Shoes

$267 ISK 33.5K

$268 ISK 33.5K

-0.24%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

Buy Apartment in City Center (m2)

$6,096 ISK 762.8K

$7,833 ISK 980.1K

-22.17%

Buy Apartment Outside City Center (m2)

$5,945 ISK 744.0K

$6,268 ISK 784.4K

-5.15%

Average Monthly Net Salary (After Tax)

$5,310 ISK 664.5K

$4,471 ISK 559.5K

18.77%

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 Kopavogur: 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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