Last update: Oct 2026

Cost of Living Comparison Between Luque and Reykjavik

For one person, living is cheaper in Luque: $1,050 a month against $4,002 in Reykjavik, rent and utilities included – about $35,400 less a year. Rent and utilities account for most of the difference.

51

Cost of Living Index in Luque
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Luque Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

Jump to prices

Luque

🇵🇾 Paraguay

$1,050

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

How much you'll spend in Luque 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 Luque and in Reykjavik actually costs, broken down by who's living it.

A single person spends $1,050 per month in Luque vs $4,002 in Reykjavik, rent included.

Luque $1,050
Reykjavik $4,002

A couple spends around $1,582 per month in Luque vs $5,705 in Reykjavik, rent included.

Luque $1,582
Reykjavik $5,705

A family of three spends $2,115 per month in Luque vs $7,407 in Reykjavik, rent included.

Luque $2,115
Reykjavik $7,407

Luque is about 74% cheaper than Reykjavik, and outside of rent the biggest gap is in eating out.

Luque sits 22% below the global median, while Reykjavik is 196% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$4.41 ₲25.1K

$31.56 ISK 3,828

-86.03%

Three-Course Dinner for Two, Mid-Range

$35.23 ₲200.3K

$122 ISK 14.8K

-71.21%

Fast Food Meal (McDonalds, etc)

$5.17 ₲29.4K

$26.86 ISK 3,258

-80.75%

Cappuccino

$3.40 ₲19.3K

$6.81 ISK 827

-50.07%

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

$1.07 ₲6,078

$3.39 ISK 411

-68.44%

Water (0.33 liter bottle)

$0.57 ₲3,265

$3.20 ISK 388

-82.19%

Local Beer (0.5 liter draught)

$1.95 ₲11.1K

$14.14 ISK 1,715

-86.21%

Imported Beer (0.33 liter bottle)

$1.80 ₲10.2K

$12.31 ISK 1,493

-85.38%

Milk (1 liter)

$1.29 ₲7,347

$2.10 ISK 255

-38.57%

White Bread (500g)

$1.53 ₲8,720

$4.19 ISK 508

-63.48%

Rice (white) (1kg)

$1.40 ₲7,950

$3.72 ISK 451

-62.37%

Eggs

$2.09 ₲11.9K

$7.05 ISK 856

-70.35%

Local Cheese (1kg)

$10.18 ₲57.9K

$21.56 ISK 2,615

-52.78%

Chicken Fillets (1kg)

$5.20 ₲29.6K

$24.68 ISK 2,993

-78.93%

Beef Round Steak (1kg)

$10.19 ₲57.9K

$42.19 ISK 5,117

-75.85%

Apples (1kg)

$3.01 ₲17.1K

$3.23 ISK 392

-6.81%

Banana (1kg)

$1.25 ₲7,119

$2.73 ISK 331

-54.21%

Oranges (1kg)

$1.25 ₲7,101

$3.17 ISK 384

-60.57%

Tomato (1kg)

$2.47 ₲14.0K

$6.61 ISK 802

-62.63%

Potato (1kg)

$1.35 ₲7,685

$3.85 ISK 467

-64.94%

Onion (1kg)

$1.38 ₲7,853

$1.66 ISK 201

-16.87%

Lettuce (1 head)

$0.91 ₲5,194

$3.80 ISK 461

-76.05%

Water (1.5 liter bottle)

$0.78 ₲4,425

$1.75 ISK 212

-55.43%

Cigarettes 20 Pack (Marlboro, Camel)

$2.30 ₲13.1K

$13.71 ISK 1,662

-83.22%

Wine (Bottle)

$9.54 ₲54.2K

$24.21 ISK 2,937

-60.59%

Local Beer (0.5 liter bottle)

$1.35 ₲7,682

$3.53 ISK 428

-61.76%

Imported Beer (0.33 liter bottle)

$1.81 ₲10.3K

$3.32 ISK 402

-45.48%

One-way Ticket (Public Transport)

$0.73 ₲4,153

$5.75 ISK 697

-87.30%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$1.50 ₲8,529

$6.61 ISK 802

-77.31%

Taxi (Normal Tariff) (1km)

$1.62 ₲9,191

$2.90 ISK 352

-44.14%

Taxi 1hour Waiting (Normal Tariff)

$10.44 ₲59.4K

$79.2 ISK 9,602

-86.81%

Gasoline (1 liter)

$1.29 ₲7,311

$2.09 ISK 253

-38.28%

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

$17.9K ₲101.8M

$51.0K ISK 6.2M

-64.90%

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

$35.3K ₲200.6M

$53.3K ISK 6.5M

-33.77%

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

$26.84 ₲152.6K

$95.3 ISK 11.6K

-71.82%

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

$17.64 ₲100.3K

$32.35 ISK 3,923

-45.47%

Internet (50+ Mbps, Unlimited Data)

$20.79 ₲118.2K

$87.5 ISK 10.6K

-76.25%

Gym Membership (Monthly)

$49.51 ₲281.5K

$102 ISK 12.4K

-51.39%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$8.65 ₲49.2K

$19.88 ISK 2,412

-56.49%

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

$184 ₲1.0M

$1,194 ISK 144.8K

-84.56%

International Primary School, 1 Child (Yearly)

$4,747 ₲27.0M

$25.4K ISK 3.1M

-81.32%

Jeans (Levis 501 Or Similar)

$64.0 ₲363.9K

$149 ISK 18.1K

-57.06%

Summer Dress (H&M, Zara, etc)

$57.6 ₲327.5K

$66.6 ISK 8,080

-13.55%

Sport Shoes (Adidas, Nike)

$107 ₲607.9K

$180 ISK 21.8K

-40.57%

Men's Leather Business Shoes

$71.7 ₲407.6K

$253 ISK 30.7K

-71.69%

1-bedroom Apartment, City Center (Monthly)

$440 ₲2.5M

$2,549 ISK 309.2K

-82.72%

1-bedroom Apartment, Outside City Center (Monthly)

$440 ₲2.5M

$2,056 ISK 249.4K

-78.59%

3-bedroom Apartment, City Center (Monthly)

$1,484 ₲8.4M

$3,498 ISK 424.2K

-57.57%

3-bedroom Apartment, Outside City Center (Monthly)

$672 ₲3.8M

$2,764 ISK 335.2K

-75.69%

Buy Apartment in City Center (m2)

$1,272 ₲7.2M

$8,120 ISK 984.9K

-84.33%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

Average Monthly Net Salary (After Tax)

$488 ₲2.8M

$4,573 ISK 554.6K

-89.34%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.15

8.81

15.21%

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

Last update for Luque: October 13, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Luque

$440 41.9%

Reykjavik

$2.1K 51.4% 367% $1.6K

Groceries & Markets

Luque

$218 20.8%

Reykjavik

$623 15.6% 185% $404

Clothing & Footwear

Luque

$135 12.9%

Reykjavik

$292 7.3% 116% $157

Eating Out

Luque

$112 10.6%

Reykjavik

$536 13.4% 381% $425

Sport & Entertainment

Luque

$67 6.4%

Reykjavik

$142 3.5% 112% $75

Monthly Utilities & Internet

Luque

$65 6.2%

Reykjavik

$215 5.4% 230% $150

Getting Around

Luque

$13 * 1.2%

Reykjavik

$138 3.5% 1003% $125

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

Cost Breakdown

A central one-bedroom costs $440 in Luque versus $2,549 in Reykjavik. 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 838% higher in Reykjavik, 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 $35.00 in Luque versus $122 in Reykjavik. Monthly groceries follow the same trend: $218 vs $623 – making Luque the more affordable choice for daily food spending.

Good to know

🇵🇾 Luque

🇮🇸 Reykjavik

🕒 Local time

10:35 10:35 AM

13:35 1:35 PM

3 h ahead of Luque

🌤 Weather

👥 Population

224,000

136,894 Capital

💱 Currency

Paraguayan Guarani PYG ₲

Icelandic Króna ISK kr

📈 Exchange rate

10,000 PYG = 1.76 USD

10,000 PYG = 1.56 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to PYG – Paraguayan Guarani Converter

🇺🇸 United States Dollar ($)

🇵🇾 Paraguayan Guarani (₲)

Paraguayan Guarani exchange rates as of October 17, 2026: 1 USD = 5,686 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,393 PYG (10,000 PYG = 1.56 EUR).

Icelandic Króna exchange rates as of October 17, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to PYG in detail →

On the map

Lowest

Highest

Between locations

Luque Reykjavik 10,410 km ≈ 14 h nonstop flight

From you

Luque
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

Luque vs Reykjavik: Cost of Living - Frequently Asked Questions

Yes – Reykjavik is pricier by about 281%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $1,575 per month in Luque and $6,003 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Luque, 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 $1,050 in Luque and $4,002 in Reykjavik. That's a gap of about 281%.

Kindergarten costs $184 per month in Luque and $1,194 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Luque, where all-in costs run around $1,050, than in Reykjavik at $4,002. In Luque it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

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