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

Monthly Cost of Living

A single person spends $4,342 per month in Nassau vs $3,851 in Hafnarfjordur, rent included.

A couple spends around $6,929 per month in Nassau vs $5,471 in Hafnarfjordur, rent included.

A family of three spends $9,516 per month in Nassau vs $7,092 in Hafnarfjordur, rent included.

Nassau costs about 13% more than Hafnarfjordur, driven mainly by Sport & Entertainment.

Both Nassau and Hafnarfjordur sit above the global median – Nassau by 216%, Hafnarfjordur by 180%.

Meal at Budget Restaurant

$38.04 BSD 38.04

$29.56 ISK 3,582

28.69%

Three-Course Dinner for Two, Mid-Range

$202 BSD 202

$137 ISK 16.6K

47.28%

Fast Food Meal (McDonalds, etc)

$11.86 BSD 11.86

$16.36 ISK 1,982

-27.51%

Cappuccino

$5.42 BSD 5.42

$6.68 ISK 809

-18.86%

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

$3.32 BSD 3.32

$3.25 ISK 394

2.15%

Water (0.33 liter bottle)

$2.03 BSD 2.03

$3.36 ISK 407

-39.58%

Local Beer (0.5 liter draught)

$5.12 BSD 5.12

$14.05 ISK 1,702

-63.56%

Imported Beer (0.33 liter bottle)

$9.24 BSD 9.24

$12.35 ISK 1,496

-25.18%

Milk (1 liter)

$3.96 BSD 3.96

$1.67 ISK 203

137.13%

White Bread (500g)

$5.79 BSD 5.79

$4.26 ISK 517

35.92%

Rice (white) (1kg)

$6.87 BSD 6.87

$3.51 ISK 425

95.73%

Eggs

$7.86 BSD 7.86

$7.30 ISK 885

7.67%

Local Cheese (1kg)

$10.42 BSD 10.42

$21.43 ISK 2,596

-51.38%

Chicken Fillets (1kg)

$17.95 BSD 17.95

$24.69 ISK 2,991

-27.30%

Beef Round Steak (1kg)

$27.55 BSD 27.55

$41.85 ISK 5,071

-34.17%

Apples (1kg)

$5.53 BSD 5.53

$3.50 ISK 424

58.00%

Banana (1kg)

$3.51 BSD 3.51

$2.42 ISK 293

45.04%

Oranges (1kg)

$5.29 BSD 5.29

$3.18 ISK 385

66.35%

Tomato (1kg)

$10.62 BSD 10.62

$6.18 ISK 749

71.84%

Potato (1kg)

$2.90 BSD 2.90

$3.98 ISK 482

-27.14%

Onion (1kg)

$5.43 BSD 5.43

$1.63 ISK 198

233.13%

Lettuce (1 head)

$5.01 BSD 5.01

$3.85 ISK 466

30.13%

Water (1.5 liter bottle)

$2.68 BSD 2.68

$1.76 ISK 214

52.27%

Cigarettes 20 Pack (Marlboro, Camel)

$15.06 BSD 15.06

$14.02 ISK 1,699

7.42%

Wine (Bottle)

$34.13 BSD 34.13

$23.64 ISK 2,865

44.37%

Local Beer (0.5 liter bottle)

$5.66 BSD 5.66

$3.85 ISK 466

47.01%

Imported Beer (0.33 liter bottle)

$5.05 BSD 5.05

$3.48 ISK 422

45.11%

One-way Ticket (Public Transport)

$2.53 BSD 2.53

$5.28 ISK 640

-52.08%

Public Transport Monthly Pass (Regular Price)

$151 BSD 151

$86.0 ISK 10.4K

75.60%

Taxi Start (Normal Tariff)

$8.15 BSD 8.15

$6.82 ISK 826

19.50%

Taxi (Normal Tariff) (1km)

$3.04 BSD 3.04

$2.93 ISK 354

3.75%

Taxi 1hour Waiting (Normal Tariff)

$49.94 BSD 49.94

$72.8 ISK 8,824

-31.42%

Gasoline (1 liter)

$1.42 BSD 1.42

$1.94 ISK 235

-26.80%

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

$30.3K BSD 30.3K

$51.4K ISK 6.2M

-41.01%

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

$43.7K BSD 43.7K

$54.5K ISK 6.6M

-19.88%

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

$400 BSD 400

$70.4 ISK 8,535

467.60%

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

$71.6 BSD 71.6

$33.61 ISK 4,073

113.03%

Internet (50+ Mbps, Unlimited Data)

$112 BSD 112

$83.0 ISK 10.1K

34.44%

Gym Membership (Monthly)

$199 BSD 199

$65.8 ISK 7,968

203.04%

Tennis Court (1 Hour on Weekend)

$43.27 BSD 43.27

Cinema Ticket

$19.98 BSD 19.98

$16.85 ISK 2,042

18.58%

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

$862 BSD 862

$1,174 ISK 142.2K

-26.53%

International Primary School, 1 Child (Yearly)

$16.5K BSD 16.5K

$30.6K ISK 3.7M

-46.30%

Jeans (Levis 501 Or Similar)

$48.12 BSD 48.12

$126 ISK 15.3K

-61.81%

Summer Dress (H&M, Zara, etc)

$121 BSD 121

$65.3 ISK 7,910

84.64%

Sport Shoes (Adidas, Nike)

$129 BSD 129

$123 ISK 14.9K

4.59%

Men's Leather Business Shoes

$135 BSD 135

$249 ISK 30.2K

-45.82%

1-bedroom Apartment, City Center (Monthly)

$1,516 BSD 1,516

$2,502 ISK 303.2K

-39.42%

1-bedroom Apartment, Outside City Center (Monthly)

$1,984 BSD 1,984

$2,095 ISK 253.8K

-5.26%

3-bedroom Apartment, City Center (Monthly)

$4,742 BSD 4,742

$3,256 ISK 394.6K

45.62%

3-bedroom Apartment, Outside City Center (Monthly)

$3,936 BSD 3,936

$2,668 ISK 323.4K

47.49%

Buy Apartment in City Center (m2)

$4,241 BSD 4,241

$7,026 ISK 851.4K

-39.64%

Buy Apartment Outside City Center (m2)

$3,253 BSD 3,253

$6,897 ISK 835.8K

-52.83%

Average Monthly Net Salary (After Tax)

$3,377 BSD 3,377

$4,807 ISK 582.5K

-29.74%

20-Year Fixed Mortgage Interest Rate (Annual %)

7.38

8.88

-16.89%

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

Last update for Nassau: August 31, 2026

Last update for Hafnarfjordur: August 29, 2026

Cost Breakdown

A central one-bedroom costs $1,516 in Nassau versus $2,502 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 42% 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 $202 in Nassau versus $137 in Hafnarfjordur. Monthly groceries follow the same trend: $661 vs $617 – making Hafnarfjordur the more affordable choice for daily food spending.

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 13% more than Hafnarfjordur, with the gap driven mainly by Sport & Entertainment. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,512 per month in Nassau and $5,776 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 $4,342 in Nassau and $3,851 in Hafnarfjordur. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 76% 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 $4,342 in Nassau and $3,851 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.