Last update: Oct 2026

Cost of Living Comparison Between Kopavogur and Selfoss

For one person, living is cheaper in Kopavogur: $1,830 a month against $3,416 in Selfoss, rent and utilities included – about $19,000 less a year. Higher rent and utilities in Selfoss outweigh lower spending on other living expenses.

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Cost of Living Index in Kopavogur
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Kopavogur Living Index

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Kopavogur

🇮🇸 Iceland

$1,830

/mo nomad

Selfoss

🇮🇸 Iceland

$3,416

/mo nomad

Monthly Cost of Living

How much you'll spend in Kopavogur and in Selfoss

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

A single person spends $1,830 per month in Kopavogur vs $3,416 in Selfoss, rent included.

Kopavogur $1,830
Selfoss $3,416

A couple spends around $3,039 per month in Kopavogur vs $2,439 in Selfoss, rent included.

Kopavogur $3,039
Selfoss $2,439

A family of three spends $4,248 per month in Kopavogur vs $1,461 in Selfoss, rent included.

Kopavogur $4,248
Selfoss $1,461

Kopavogur is about 46% cheaper than Selfoss.

Both Kopavogur and Selfoss sit above the global median – Kopavogur by 34%, Selfoss by 151%.

Meal at Budget Restaurant

$30.95 ISK 3,758

Three-Course Dinner for Two, Mid-Range

$88.1 ISK 10.7K

Fast Food Meal (McDonalds, etc)

$23.70 ISK 2,878

$20.39 ISK 2,475

16.23%

Cappuccino

$6.55 ISK 795

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

$3.03 ISK 368

Water (0.33 liter bottle)

$3.20 ISK 388

Local Beer (0.5 liter draught)

$10.84 ISK 1,316

$12.18 ISK 1,478

-11.00%

Imported Beer (0.33 liter bottle)

$12.15 ISK 1,475

Milk (1 liter)

$1.68 ISK 204

$1.77 ISK 215

-5.08%

White Bread (500g)

$4.32 ISK 525

$7.65 ISK 929

-43.53%

Rice (white) (1kg)

$3.59 ISK 436

$4.55 ISK 552

-21.10%

Eggs

$7.24 ISK 879

$6.49 ISK 787

11.56%

Local Cheese (1kg)

$21.70 ISK 2,634

$17.25 ISK 2,094

25.80%

Chicken Fillets (1kg)

$24.62 ISK 2,989

$21.56 ISK 2,617

14.19%

Beef Round Steak (1kg)

$42.67 ISK 5,181

$33.60 ISK 4,078

26.99%

Apples (1kg)

$3.31 ISK 401

$2.83 ISK 343

16.96%

Banana (1kg)

$2.87 ISK 348

$2.70 ISK 328

6.30%

Oranges (1kg)

$3.16 ISK 384

$2.72 ISK 330

16.18%

Tomato (1kg)

$6.40 ISK 777

$7.25 ISK 880

-11.72%

Potato (1kg)

$3.95 ISK 479

$3.24 ISK 394

21.91%

Onion (1kg)

$1.69 ISK 205

$2.07 ISK 252

-18.36%

Lettuce (1 head)

$3.68 ISK 447

$3.70 ISK 449

-0.54%

Water (1.5 liter bottle)

$1.84 ISK 224

$1.34 ISK 163

37.31%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,678

$15.61 ISK 1,895

-11.47%

Wine (Bottle)

$23.64 ISK 2,870

Local Beer (0.5 liter bottle)

$3.58 ISK 435

Imported Beer (0.33 liter bottle)

$3.36 ISK 408

$1.15 ISK 140

192.17%

One-way Ticket (Public Transport)

$4.49 ISK 545

Public Transport Monthly Pass (Regular Price)

$72.3 ISK 8,778

Taxi Start (Normal Tariff)

$5.93 ISK 720

Taxi (Normal Tariff) (1km)

$2.86 ISK 348

Taxi 1hour Waiting (Normal Tariff)

$80.4 ISK 9,755

Gasoline (1 liter)

$2.03 ISK 247

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

$70.1K ISK 8.5M

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

$55.1K ISK 6.7M

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

$96.0 ISK 11.6K

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

$32.17 ISK 3,905

Internet (50+ Mbps, Unlimited Data)

$86.9 ISK 10.6K

Gym Membership (Monthly)

$70.8 ISK 8,591

Tennis Court (1 Hour on Weekend)

$53.0 ISK 6,439

Cinema Ticket

$16.73 ISK 2,031

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

$489 ISK 59.4K

International Primary School, 1 Child (Yearly)

$25.5K ISK 3.1M

Jeans (Levis 501 Or Similar)

$147 ISK 17.9K

Summer Dress (H&M, Zara, etc)

$53.1 ISK 6,450

Sport Shoes (Adidas, Nike)

$163 ISK 19.8K

Men's Leather Business Shoes

$253 ISK 30.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,771 ISK 336.4K

Buy Apartment in City Center (m2)

$6,640 ISK 806.1K

Buy Apartment Outside City Center (m2)

$6,533 ISK 793.1K

Average Monthly Net Salary (After Tax)

$5,258 ISK 638.4K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Kopavogur: October 24, 2026

Last update for Selfoss: October 25, 2026

Monthly budget structure

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

Groceries & Markets

Kopavogur

$622 34%

Selfoss

–

Eating Out

Kopavogur

$501 27.4%

Selfoss

–

Clothing & Footwear

Kopavogur

$278 15.2%

Selfoss

–

Monthly Utilities & Internet

Kopavogur

$215 11.8%

Selfoss

–

Getting Around

Kopavogur

$111 6%

Selfoss

–

Sport & Entertainment

Kopavogur

$104 5.7%

Selfoss

–

Accommodation & Living

Kopavogur

- * 0%

Selfoss

–

Categories marked with * are only partly priced – their share counts the items that do have prices.

Good to know

🇮🇸 Kopavogur

🇮🇸 Selfoss

🕒 Local time

22:11 10:11 PM

Same time as Kopavogur

🌤 Weather

👥 Population

39,335

9,000

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

Exchange rates and currency converter

On the map

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Highest

Between locations

Kopavogur Selfoss 48 km

From you

Kopavogur
Selfoss

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

Kopavogur vs Selfoss: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $2,745 per month in Kopavogur and $5,124 in Selfoss. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,830 in Kopavogur and $3,416 in Selfoss. That makes Kopavogur about 46% cheaper.

Interestingly, groceries are about 16% cheaper in Selfoss – one category where the pricier city actually offers better value.

A $3,000 monthly budget goes further in Kopavogur, where all-in costs run around $1,830, than in Selfoss at $3,416. In Kopavogur it covers expenses comfortably, while in Selfoss it requires careful planning or may not stretch far enough.

It depends on your priorities. Kopavogur has an edge in some lifestyle areas, with costs from $1,830 in Kopavogur to $3,416 in Selfoss. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.