Last update: Oct 2026

Cost of Living Comparison Between Libertad and Reykjavik

For one person, living is cheaper in Libertad: $1,074 a month against $4,023 in Reykjavik, rent and utilities included – about $35,400 less a year. Rent and utilities account for most of the difference.

52

Cost of Living Index in Libertad
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Libertad Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Libertad

🇺🇾 Uruguay

$1,074

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Monthly Cost of Living

How much you'll spend in Libertad and in Reykjavik

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

Monthly costs for one person with rent: $1,074 in Libertad versus $4,023 in Reykjavik.

Libertad $1,074
Reykjavik $4,023

Estimated couple costs with rent: $1,735 in Libertad versus $5,708 in Reykjavik.

Libertad $1,735
Reykjavik $5,708

Monthly costs for a family of three with rent: $2,396 in Libertad versus $7,393 in Reykjavik.

Libertad $2,396
Reykjavik $7,393

Living in Libertad costs roughly 73% less than in Reykjavik, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Libertad is 21% below, Reykjavik is 197% above.

Meal at Budget Restaurant

$14.93 UYU 599

$31.00 ISK 3,760

-51.84%

Three-Course Dinner for Two, Mid-Range

$68.4 UYU 2,746

$123 ISK 14.9K

-44.47%

Fast Food Meal (McDonalds, etc)

$14.39 UYU 578

$27.21 ISK 3,300

-47.12%

Cappuccino

$4.67 UYU 187

$6.90 ISK 837

-32.32%

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

$2.74 UYU 110

$3.30 ISK 401

-16.97%

Water (0.33 liter bottle)

$2.03 UYU 81.3

$3.16 ISK 384

-35.76%

Local Beer (0.5 liter draught)

$4.99 UYU 200

$13.84 ISK 1,678

-63.95%

Imported Beer (0.33 liter bottle)

$3.70 UYU 148

$12.46 ISK 1,512

-70.30%

Milk (1 liter)

$1.34 UYU 53.7

$2.06 ISK 250

-34.95%

White Bread (500g)

$2.86 UYU 115

$4.11 ISK 498

-30.41%

Rice (white) (1kg)

$1.70 UYU 68.2

$3.68 ISK 446

-53.80%

Eggs

$4.67 UYU 187

$7.27 ISK 882

-35.76%

Local Cheese (1kg)

$13.88 UYU 557

$21.79 ISK 2,643

-36.30%

Chicken Fillets (1kg)

$11.99 UYU 481

$23.95 ISK 2,905

-49.94%

Beef Round Steak (1kg)

$11.88 UYU 477

$41.43 ISK 5,025

-71.33%

Apples (1kg)

$2.78 UYU 112

$3.42 ISK 414

-18.71%

Banana (1kg)

$2.83 UYU 113

$2.84 ISK 344

-0.35%

Oranges (1kg)

$1.71 UYU 68.7

$3.23 ISK 391

-47.06%

Tomato (1kg)

$3.22 UYU 129

$6.46 ISK 783

-50.15%

Potato (1kg)

$2.02 UYU 80.9

$4.05 ISK 491

-50.12%

Onion (1kg)

$2.08 UYU 83.3

$1.66 ISK 202

25.30%

Lettuce (1 head)

$1.38 UYU 55.4

$3.86 ISK 468

-64.25%

Water (1.5 liter bottle)

$1.94 UYU 77.9

$1.84 ISK 223

5.43%

Cigarettes 20 Pack (Marlboro, Camel)

$5.64 UYU 226

$13.96 ISK 1,693

-59.60%

Wine (Bottle)

$8.84 UYU 355

$23.76 ISK 2,882

-62.79%

Local Beer (0.5 liter bottle)

$2.24 UYU 89.9

$3.54 ISK 430

-36.72%

Imported Beer (0.33 liter bottle)

$2.73 UYU 110

$3.44 ISK 418

-20.64%

One-way Ticket (Public Transport)

$5.81 ISK 705

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

Taxi Start (Normal Tariff)

$1.89 UYU 75.9

$6.72 ISK 815

-71.88%

Taxi (Normal Tariff) (1km)

$0.40 UYU 16.15

$2.81 ISK 340

-85.77%

Taxi 1hour Waiting (Normal Tariff)

$10.65 UYU 427

$81.3 ISK 9,866

-86.91%

Gasoline (1 liter)

$2.12 UYU 85.2

$2.12 ISK 257

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

$26.7K UYU 1.1M

$68.9K ISK 8.4M

-61.33%

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

$36.9K UYU 1.5M

$55.8K ISK 6.8M

-33.85%

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

$193 UYU 7,748

$95.8 ISK 11.6K

101.50%

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

$20.77 UYU 834

$33.11 ISK 4,016

-37.27%

Internet (50+ Mbps, Unlimited Data)

$44.35 UYU 1,780

$87.2 ISK 10.6K

-49.11%

Gym Membership (Monthly)

$101 ISK 12.3K

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

Cinema Ticket

$12.17 UYU 488

$19.85 ISK 2,407

-38.69%

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

$621 UYU 24.9K

$1,195 ISK 144.9K

-48.02%

International Primary School, 1 Child (Yearly)

$10.8K UYU 435.3K

$26.2K ISK 3.2M

-58.64%

Jeans (Levis 501 Or Similar)

$102 UYU 4,104

$148 ISK 18.0K

-31.03%

Summer Dress (H&M, Zara, etc)

$57.3 UYU 2,298

$66.8 ISK 8,096

-14.22%

Sport Shoes (Adidas, Nike)

$124 UYU 4,977

$187 ISK 22.6K

-33.53%

Men's Leather Business Shoes

$129 UYU 5,181

$253 ISK 30.6K

-48.91%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

5.74

8.81

-34.85%

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

Last update for Libertad: October 20, 2026

Last update for Reykjavik: October 20, 2026

Monthly budget structure

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

Groceries & Markets

Libertad

$332 30.9%

Reykjavik

$619 15.4% 86.6% $287

Eating Out

Libertad

$270 25.1%

Reykjavik

$532 13.2% 97.2% $262

Monthly Utilities & Internet

Libertad

$258 24%

Reykjavik

$216 5.4% 16.3% $42

Clothing & Footwear

Libertad

$186 17.3%

Reykjavik

$294 7.3% 58.6% $109

Sport & Entertainment

Libertad

$24 * 2.3%

Reykjavik

$141 3.5% 479% $116

Getting Around

Libertad

$3.9 * 0.4%

Reykjavik

$139 3.5% 3473% $135

Accommodation & Living

Libertad

- * 0%

Reykjavik

$2.1K 51.7%

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

Cost Breakdown

Dining out: $68.0 in Libertad vs $123 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $332 vs $619 per month, with Libertad cheaper across the board.

Good to know

🇺🇾 Libertad

🇮🇸 Reykjavik

🕒 Local time

11:40 11:40 AM

14:40 2:40 PM

3 h ahead of Libertad

🌤 Weather

👥 Population

10,166

136,894 Capital

💱 Currency

Uruguayan Peso UYU $U

Icelandic Króna ISK kr

📈 Exchange rate

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to UYU – Uruguayan Peso Converter

🇺🇸 United States Dollar ($)

🇺🇾 Uruguayan Peso ($U)

Uruguayan Peso exchange rates as of October 20, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.12 UYU (100 UYU = 2.22 EUR).

Icelandic Króna exchange rates as of October 20, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to UYU in detail →

On the map

Lowest

Highest

Between locations

Libertad Reykjavik 11,400 km ≈ 15 h nonstop flight

From you

Libertad
Reykjavik

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

Libertad vs Reykjavik: Cost of Living - Frequently Asked Questions

Libertad and Reykjavik differ by about 275% in total monthly costs ($1,074 vs $4,023 including rent). Libertad is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $1,611 in Libertad and $6,034 in Reykjavik to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Supermarket bills run roughly 87% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,074 per month in Libertad versus $4,023 in Reykjavik – a 275% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,074 in Libertad versus $4,023 in Reykjavik, a $2,000 budget is realistic in Libertad but tight or insufficient in Reykjavik. The gap between the two cities makes Libertad the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Libertad and Reykjavik are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Libertad gentler on the wallet – expenses run 275% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.