Last update: Oct 2026

Cost of Living Comparison Between Minas and Reykjavik

For one person, living is cheaper in Minas: $1,069 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 Minas
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Minas Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Minas

🇺🇾 Uruguay

$1,069

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Monthly Cost of Living

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

A single person spends $1,069 per month in Minas vs $4,023 in Reykjavik, rent included.

Minas $1,069
Reykjavik $4,023

A couple spends around $1,734 per month in Minas vs $5,708 in Reykjavik, rent included.

Minas $1,734
Reykjavik $5,708

A family of three spends $2,400 per month in Minas vs $7,393 in Reykjavik, rent included.

Minas $2,400
Reykjavik $7,393

Minas is about 73% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Minas sits 21% below the global median, while Reykjavik is 197% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$14.86 UYU 597

$31.00 ISK 3,760

-52.06%

Three-Course Dinner for Two, Mid-Range

$69.7 UYU 2,799

$123 ISK 14.9K

-43.39%

Fast Food Meal (McDonalds, etc)

$14.61 UYU 586

$27.21 ISK 3,300

-46.31%

Cappuccino

$4.66 UYU 187

$6.90 ISK 837

-32.46%

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

$2.77 UYU 111

$3.30 ISK 401

-16.06%

Water (0.33 liter bottle)

$2.01 UYU 80.7

$3.16 ISK 384

-36.39%

Local Beer (0.5 liter draught)

$4.87 UYU 196

$13.84 ISK 1,678

-64.81%

Imported Beer (0.33 liter bottle)

$3.84 UYU 154

$12.46 ISK 1,512

-69.18%

Milk (1 liter)

$1.39 UYU 55.8

$2.06 ISK 250

-32.52%

White Bread (500g)

$2.90 UYU 116

$4.11 ISK 498

-29.44%

Rice (white) (1kg)

$1.72 UYU 69.1

$3.68 ISK 446

-53.26%

Eggs

$4.61 UYU 185

$7.27 ISK 882

-36.59%

Local Cheese (1kg)

$14.12 UYU 567

$21.79 ISK 2,643

-35.20%

Chicken Fillets (1kg)

$11.33 UYU 455

$23.95 ISK 2,905

-52.69%

Beef Round Steak (1kg)

$12.00 UYU 482

$41.43 ISK 5,025

-71.04%

Apples (1kg)

$2.86 UYU 115

$3.42 ISK 414

-16.37%

Banana (1kg)

$2.82 UYU 113

$2.84 ISK 344

-0.70%

Oranges (1kg)

$1.73 UYU 69.5

$3.23 ISK 391

-46.44%

Tomato (1kg)

$3.09 UYU 124

$6.46 ISK 783

-52.17%

Potato (1kg)

$1.92 UYU 76.9

$4.05 ISK 491

-52.59%

Onion (1kg)

$2.15 UYU 86.2

$1.66 ISK 202

29.52%

Lettuce (1 head)

$1.43 UYU 57.5

$3.86 ISK 468

-62.95%

Water (1.5 liter bottle)

$1.90 UYU 76.3

$1.84 ISK 223

3.26%

Cigarettes 20 Pack (Marlboro, Camel)

$5.34 UYU 214

$13.96 ISK 1,693

-61.75%

Wine (Bottle)

$8.49 UYU 341

$23.76 ISK 2,882

-64.27%

Local Beer (0.5 liter bottle)

$2.26 UYU 90.6

$3.54 ISK 430

-36.16%

Imported Beer (0.33 liter bottle)

$2.84 UYU 114

$3.44 ISK 418

-17.44%

One-way Ticket (Public Transport)

$0.76 UYU 30.54

$5.81 ISK 705

-86.92%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

Taxi Start (Normal Tariff)

$1.88 UYU 75.5

$6.72 ISK 815

-72.02%

Taxi (Normal Tariff) (1km)

$0.40 UYU 16.02

$2.81 ISK 340

-85.77%

Taxi 1hour Waiting (Normal Tariff)

$10.47 UYU 420

$81.3 ISK 9,866

-87.13%

Gasoline (1 liter)

$2.16 UYU 86.5

$2.12 ISK 257

1.89%

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

$26.4K UYU 1.1M

$68.9K ISK 8.4M

-61.65%

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

$36.8K UYU 1.5M

$55.8K ISK 6.8M

-34.00%

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

$186 UYU 7,459

$95.8 ISK 11.6K

93.97%

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

$20.60 UYU 827

$33.11 ISK 4,016

-37.78%

Internet (50+ Mbps, Unlimited Data)

$45.30 UYU 1,818

$87.2 ISK 10.6K

-48.02%

Gym Membership (Monthly)

$101 ISK 12.3K

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

Cinema Ticket

$12.43 UYU 499

$19.85 ISK 2,407

-37.38%

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

$615 UYU 24.7K

$1,195 ISK 144.9K

-48.52%

International Primary School, 1 Child (Yearly)

$11.0K UYU 443.2K

$26.2K ISK 3.2M

-57.89%

Jeans (Levis 501 Or Similar)

$104 UYU 4,185

$148 ISK 18.0K

-29.66%

Summer Dress (H&M, Zara, etc)

$56.9 UYU 2,284

$66.8 ISK 8,096

-14.74%

Sport Shoes (Adidas, Nike)

$122 UYU 4,899

$187 ISK 22.6K

-34.58%

Men's Leather Business Shoes

$131 UYU 5,247

$253 ISK 30.6K

-48.25%

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 Minas: October 17, 2026

Last update for Reykjavik: October 20, 2026

Monthly budget structure

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

Groceries & Markets

Minas

$329 30.8%

Reykjavik

$619 15.4% 88% $290

Eating Out

Minas

$270 25.2%

Reykjavik

$532 13.2% 97.3% $263

Monthly Utilities & Internet

Minas

$252 23.6%

Reykjavik

$216 5.4% 14.2% $36

Clothing & Footwear

Minas

$186 17.4%

Reykjavik

$294 7.3% 58% $108

Sport & Entertainment

Minas

$25 * 2.3%

Reykjavik

$141 3.5% 467% $116

Getting Around

Minas

$6.9 * 0.7%

Reykjavik

$139 3.5% 1913% $132

Accommodation & Living

Minas

- * 0%

Reykjavik

$2.1K 51.7%

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

Cost Breakdown

A mid-range dinner for two costs $70.0 in Minas versus $123 in Reykjavik. Monthly groceries follow the same trend: $329 vs $619 – making Minas the more affordable choice for daily food spending.

Good to know

🇺🇾 Minas

🇮🇸 Reykjavik

🕒 Local time

18:28 6:28 PM

21:28 9:28 PM

3 h ahead of Minas

🌤 Weather

👥 Population

38,446

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

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Highest

Between locations

Minas Reykjavik 11,340 km ≈ 15 h nonstop flight

From you

Minas
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

Minas vs Reykjavik: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,069 in Minas, $4,023 in Reykjavik – roughly 276% apart. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $1,604 per month in Minas and $6,034 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,069 in Minas and $4,023 in Reykjavik. That's a gap of about 276%.

Kindergarten costs $615 per month in Minas and $1,195 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Minas, where all-in costs run around $1,069, than in Reykjavik at $4,023. In Minas it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $1,069 in Minas to $4,023 in Reykjavik. Climate, culture, job market, and personal taste all factor in.

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 Minas. 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.