Cost of Living Comparison Between Nassau and Hafnarfjordur Cost of Living Comparison Between Nassau and Hafnarfjordur

Monthly Cost of Living

A single person spends $3,825 per month in Nassau vs $3,754 in Hafnarfjordur, rent included.

A couple spends around $6,216 per month in Nassau vs $5,299 in Hafnarfjordur, rent included.

A family of three spends $8,607 per month in Nassau vs $6,843 in Hafnarfjordur, rent included.

Nassau costs about 2% more than Hafnarfjordur, driven mainly by Clothing & Footwear.

Both Nassau and Hafnarfjordur sit above the global median – Nassau by 186%, Hafnarfjordur by 181%.

Meal at Budget Restaurant

$40.47 BSD 40.47

$26.79 ISK 3,338

51.06%

Three-Course Dinner for Two, Mid-Range

$198 BSD 198

$147 ISK 18.4K

34.48%

Fast Food Meal (McDonalds, etc)

$11.69 BSD 11.69

$16.36 ISK 2,039

-28.55%

Cappuccino

$5.90 BSD 5.90

$6.02 ISK 750

-1.99%

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

$2.23 BSD 2.23

$3.40 ISK 423

-34.41%

Water (0.33 liter bottle)

$1.73 BSD 1.73

$2.52 ISK 314

-31.35%

Local Beer (0.5 liter draught)

$4.86 BSD 4.86

$12.75 ISK 1,589

-61.88%

Imported Beer (0.33 liter bottle)

$7.63 BSD 7.63

$11.31 ISK 1,409

-32.54%

Milk (1 liter)

$4.84 BSD 4.84

$1.62 ISK 202

198.77%

White Bread (500g)

$5.80 BSD 5.80

$4.34 ISK 541

33.64%

Rice (white) (1kg)

$6.30 BSD 6.30

$3.66 ISK 457

72.13%

Eggs

$7.48 BSD 7.48

$6.32 ISK 788

18.35%

Local Cheese (1kg)

$8.81 BSD 8.81

$17.83 ISK 2,221

-50.59%

Chicken Fillets (1kg)

$12.11 BSD 12.11

$24.26 ISK 3,022

-50.08%

Beef Round Steak (1kg)

$20.92 BSD 20.92

$42.14 ISK 5,250

-50.36%

Apples (1kg)

$5.26 BSD 5.26

$3.36 ISK 419

56.55%

Banana (1kg)

$3.40 BSD 3.40

$2.34 ISK 291

45.30%

Oranges (1kg)

$4.69 BSD 4.69

$2.99 ISK 373

56.86%

Tomato (1kg)

$7.33 BSD 7.33

$4.85 ISK 605

51.13%

Potato (1kg)

$4.87 BSD 4.87

$3.64 ISK 454

33.79%

Onion (1kg)

$4.40 BSD 4.40

$2.44 ISK 304

80.33%

Lettuce (1 head)

$3.60 BSD 3.60

$3.09 ISK 385

16.50%

Water (1.5 liter bottle)

$2.95 BSD 2.95

$1.99 ISK 248

48.24%

Cigarettes 20 Pack (Marlboro, Camel)

$13.53 BSD 13.53

$13.41 ISK 1,671

0.89%

Wine (Bottle)

$33.82 BSD 33.82

$23.37 ISK 2,912

44.72%

Local Beer (0.5 liter bottle)

$3.83 BSD 3.83

$3.75 ISK 467

2.13%

Imported Beer (0.33 liter bottle)

$4.46 BSD 4.46

$3.36 ISK 419

32.74%

One-way Ticket (Public Transport)

$1.36 BSD 1.36

$5.08 ISK 632

-73.23%

Public Transport Monthly Pass (Regular Price)

$44.24 BSD 44.24

$84.5 ISK 10.5K

-47.65%

Taxi Start (Normal Tariff)

$6.17 BSD 6.17

$6.44 ISK 803

-4.19%

Taxi (Normal Tariff) (1km)

$3.24 BSD 3.24

$2.56 ISK 320

26.56%

Taxi 1hour Waiting (Normal Tariff)

$100 BSD 100

$86.9 ISK 10.8K

15.38%

Gasoline (1 liter)

$1.40 BSD 1.40

$2.42 ISK 301

-42.15%

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

$37.2K BSD 37.2K

$48.0K ISK 6.0M

-22.59%

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

$42.3K BSD 42.3K

$52.2K ISK 6.5M

-18.96%

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

$298 BSD 298

$68.1 ISK 8,489

337.06%

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

$70.5 BSD 70.5

$27.96 ISK 3,483

151.97%

Internet (50+ Mbps, Unlimited Data)

$104 BSD 104

$85.1 ISK 10.6K

21.77%

Gym Membership (Monthly)

$131 BSD 131

$65.4 ISK 8,153

100.64%

Tennis Court (1 Hour on Weekend)

$59.6 BSD 59.6

Cinema Ticket

$19.77 BSD 19.77

$16.11 ISK 2,007

22.72%

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

$728 BSD 728

$324 ISK 40.4K

124.42%

International Primary School, 1 Child (Yearly)

$15.1K BSD 15.1K

$29.5K ISK 3.7M

-48.76%

Jeans (Levis 501 Or Similar)

$63.3 BSD 63.3

$118 ISK 14.7K

-46.52%

Summer Dress (H&M, Zara, etc)

$75.4 BSD 75.4

$61.1 ISK 7,608

23.53%

Sport Shoes (Adidas, Nike)

$114 BSD 114

$119 ISK 14.8K

-4.35%

Men's Leather Business Shoes

$129 BSD 129

$264 ISK 32.9K

-50.95%

1-bedroom Apartment, City Center (Monthly)

$1,854 BSD 1,854

$2,383 ISK 297.0K

-22.22%

1-bedroom Apartment, Outside City Center (Monthly)

$1,775 BSD 1,775

$2,049 ISK 255.3K

-13.37%

3-bedroom Apartment, City Center (Monthly)

$3,660 BSD 3,660

$3,152 ISK 392.7K

16.10%

3-bedroom Apartment, Outside City Center (Monthly)

$3,655 BSD 3,655

$2,573 ISK 320.7K

42.02%

Buy Apartment in City Center (m2)

$4,244 BSD 4,244

$6,745 ISK 840.4K

-37.08%

Buy Apartment Outside City Center (m2)

$3,221 BSD 3,221

$6,686 ISK 833.1K

-51.83%

Average Monthly Net Salary (After Tax)

$3,332 BSD 3,332

$4,624 ISK 576.2K

-27.94%

20-Year Fixed Mortgage Interest Rate (Annual %)

7.05

9.63

-26.79%

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

Last update for Nassau: July 14, 2026

Last update for Hafnarfjordur: July 13, 2026

Cost Breakdown

A central one-bedroom costs $1,854 in Nassau versus $2,383 in Hafnarfjordur. 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 39% higher in Hafnarfjordur, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $198 in Nassau versus $147 in Hafnarfjordur. Groceries tell a different story – $582 in Nassau vs $592 in Hafnarfjordur – so Nassau wins on supermarket bills even if dining out costs more.

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

Nassau vs Hafnarfjordur: Cost of Living - Frequently Asked Questions

Nassau costs about 2% more than Hafnarfjordur, with the gap driven mainly by Clothing & Footwear. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $5,737 per month in Nassau and $5,631 in Hafnarfjordur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Hafnarfjordur, 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 $3,825 in Nassau and $3,754 in Hafnarfjordur. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 91% less in Hafnarfjordur. For daily commuters, that gap adds up to noticeable savings over a year.

$2,000 is a stretch for both – monthly costs hit $3,825 in Nassau and $3,754 in Hafnarfjordur. You'll need shared housing and careful budgeting no matter which city you pick.

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