Last update: Oct 2026

Cost of Living Comparison Between Montes Claros and Reykjavik

For one person, living is cheaper in Montes Claros: $844 a month against $4,023 in Reykjavik, rent and utilities included – about $38,100 less a year. Rent and utilities account for most of the difference.

41

Cost of Living Index in Montes Claros
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Montes Claros Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Montes Claros

🇧🇷 Brazil

$844

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $844 in Montes Claros versus $4,023 in Reykjavik.

Montes Claros $844
Reykjavik $4,023

Estimated couple costs with rent: $1,344 in Montes Claros versus $5,708 in Reykjavik.

Montes Claros $1,344
Reykjavik $5,708

Monthly costs for a family of three with rent: $1,843 in Montes Claros versus $7,393 in Reykjavik.

Montes Claros $1,843
Reykjavik $7,393

Living in Montes Claros costs roughly 79% less than in Reykjavik, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Montes Claros is 38% below, Reykjavik is 197% above.

Meal at Budget Restaurant

$3.40 R$17.22

$31.00 ISK 3,760

-89.03%

Three-Course Dinner for Two, Mid-Range

$32.15 R$163

$123 ISK 14.9K

-73.90%

Fast Food Meal (McDonalds, etc)

$7.91 R$40.08

$27.21 ISK 3,300

-70.93%

Cappuccino

$2.05 R$10.41

$6.90 ISK 837

-70.29%

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

$1.33 R$6.72

$3.30 ISK 401

-59.70%

Water (0.33 liter bottle)

$0.79 R$4.03

$3.16 ISK 384

-75.00%

Local Beer (0.5 liter draught)

$1.48 R$7.51

$13.84 ISK 1,678

-89.31%

Imported Beer (0.33 liter bottle)

$3.02 R$15.33

$12.46 ISK 1,512

-75.76%

Milk (1 liter)

$1.05 R$5.33

$2.06 ISK 250

-49.03%

White Bread (500g)

$1.64 R$8.33

$4.11 ISK 498

-60.10%

Rice (white) (1kg)

$1.20 R$6.11

$3.68 ISK 446

-67.39%

Eggs

$2.11 R$10.72

$7.27 ISK 882

-70.98%

Local Cheese (1kg)

$8.75 R$44.36

$21.79 ISK 2,643

-59.84%

Chicken Fillets (1kg)

$4.39 R$22.24

$23.95 ISK 2,905

-81.67%

Beef Round Steak (1kg)

$8.31 R$42.13

$41.43 ISK 5,025

-79.94%

Apples (1kg)

$2.30 R$11.65

$3.42 ISK 414

-32.75%

Banana (1kg)

$1.27 R$6.46

$2.84 ISK 344

-55.28%

Oranges (1kg)

$1.26 R$6.41

$3.23 ISK 391

-60.99%

Tomato (1kg)

$1.55 R$7.87

$6.46 ISK 783

-76.01%

Potato (1kg)

$1.17 R$5.92

$4.05 ISK 491

-71.11%

Onion (1kg)

$1.03 R$5.21

$1.66 ISK 202

-37.95%

Lettuce (1 head)

$0.84 R$4.25

$3.86 ISK 468

-78.24%

Water (1.5 liter bottle)

$0.80 R$4.07

$1.84 ISK 223

-56.52%

Cigarettes 20 Pack (Marlboro, Camel)

$2.31 R$11.69

$13.96 ISK 1,693

-83.45%

Wine (Bottle)

$8.04 R$40.76

$23.76 ISK 2,882

-66.16%

Local Beer (0.5 liter bottle)

$1.26 R$6.41

$3.54 ISK 430

-64.41%

Imported Beer (0.33 liter bottle)

$1.97 R$10.00

$3.44 ISK 418

-42.73%

One-way Ticket (Public Transport)

$0.76 R$3.85

$5.81 ISK 705

-86.92%

Public Transport Monthly Pass (Regular Price)

$38.30 R$194

$95.3 ISK 11.6K

-59.82%

Taxi Start (Normal Tariff)

$1.34 R$6.81

$6.72 ISK 815

-80.06%

Taxi (Normal Tariff) (1km)

$0.86 R$4.34

$2.81 ISK 340

-69.40%

Taxi 1hour Waiting (Normal Tariff)

$6.97 R$35.35

$81.3 ISK 9,866

-91.43%

Gasoline (1 liter)

$1.03 R$5.23

$2.12 ISK 257

-51.42%

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

$25.8K R$131.0K

$68.9K ISK 8.4M

-62.52%

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

$30.9K R$156.4K

$55.8K ISK 6.8M

-44.70%

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

$78.3 R$397

$95.8 ISK 11.6K

-18.28%

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

$13.80 R$70.0

$33.11 ISK 4,016

-58.32%

Internet (50+ Mbps, Unlimited Data)

$19.30 R$97.9

$87.2 ISK 10.6K

-77.85%

Gym Membership (Monthly)

$25.26 R$128

$101 ISK 12.3K

-75.01%

Tennis Court (1 Hour on Weekend)

$24.74 R$125

$50.7 ISK 6,155

-51.24%

Cinema Ticket

$7.71 R$39.11

$19.85 ISK 2,407

-61.16%

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

$242 R$1,225

$1,195 ISK 144.9K

-79.78%

International Primary School, 1 Child (Yearly)

$7,287 R$36.9K

$26.2K ISK 3.2M

-72.21%

Jeans (Levis 501 Or Similar)

$55.9 R$283

$148 ISK 18.0K

-62.30%

Summer Dress (H&M, Zara, etc)

$50.4 R$255

$66.8 ISK 8,096

-24.57%

Sport Shoes (Adidas, Nike)

$90.5 R$459

$187 ISK 22.6K

-51.48%

Men's Leather Business Shoes

$69.5 R$352

$253 ISK 30.6K

-72.51%

1-bedroom Apartment, City Center (Monthly)

$354 R$1,793

$2,579 ISK 312.8K

-86.28%

1-bedroom Apartment, Outside City Center (Monthly)

$238 R$1,205

$2,080 ISK 252.3K

-88.58%

3-bedroom Apartment, City Center (Monthly)

$655 R$3,323

$3,455 ISK 419.0K

-81.03%

3-bedroom Apartment, Outside City Center (Monthly)

$466 R$2,363

$2,752 ISK 333.8K

-83.06%

Buy Apartment in City Center (m2)

$1,599 R$8,106

$7,933 ISK 962.2K

-79.84%

Buy Apartment Outside City Center (m2)

$1,006 R$5,100

$6,377 ISK 773.5K

-84.22%

Average Monthly Net Salary (After Tax)

$414 R$2,097

$4,695 ISK 569.5K

-91.19%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

24.86%

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

Last update for Montes Claros: October 18, 2026

Last update for Reykjavik: October 20, 2026

Monthly budget structure

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

Accommodation & Living

Montes Claros

$238 28.2%

Reykjavik

$2.1K 51.7% 776% $1.8K

Groceries & Markets

Montes Claros

$190 22.5%

Reykjavik

$619 15.4% 226% $429

Clothing & Footwear

Montes Claros

$120 14.2%

Reykjavik

$294 7.3% 146% $175

Monthly Utilities & Internet

Montes Claros

$111 13.2%

Reykjavik

$216 5.4% 94% $105

Eating Out

Montes Claros

$97 11.6%

Reykjavik

$532 13.2% 446% $435

Getting Around

Montes Claros

$47 5.6%

Reykjavik

$139 3.5% 197% $92

Sport & Entertainment

Montes Claros

$41 4.8%

Reykjavik

$141 3.5% 246% $100

Cost Breakdown

A one-bedroom apartment in the center runs $354 in Montes Claros and $2,579 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 1035% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $32.00 in Montes Claros vs $123 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $190 vs $619 per month, with Montes Claros cheaper across the board.

Good to know

🇧🇷 Montes Claros

🇮🇸 Reykjavik

🕒 Local time

18:36 6:36 PM

21:36 9:36 PM

3 h ahead of Montes Claros

🌤 Weather

👥 Population

414,240

136,894 Capital

💱 Currency

Brazilian Real BRL R$

Icelandic Króna ISK kr

📈 Exchange rate

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to BRL – Brazilian Real Converter

🇺🇸 United States Dollar ($)

🇧🇷 Brazilian Real (R$)

Brazilian Real exchange rates as of October 22, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

Icelandic Króna exchange rates as of October 22, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to BRL in detail →

On the map

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Highest

Between locations

Montes Claros Reykjavik 9,190 km ≈ 12 h nonstop flight

From you

Montes Claros
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

Montes Claros vs Reykjavik: Cost of Living - Frequently Asked Questions

Montes Claros and Reykjavik differ by about 377% in total monthly costs ($844 vs $4,023 including rent). Montes Claros is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 1035% lower in Reykjavik. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $354 in Montes Claros versus $2,579 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Montes Claros runs roughly 149% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $242 in Montes Claros versus $1,195 in Reykjavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $844 in Montes Claros versus $4,023 in Reykjavik, a $2,000 budget is realistic in Montes Claros but tight or insufficient in Reykjavik. The gap between the two cities makes Montes Claros 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, Montes Claros 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 Montes Claros gentler on the wallet – expenses run 377% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.