Last update: Oct 2026

Cost of Living Comparison Between Njardvik and Chiang Mai

For one person, living is cheaper in Chiang Mai: $938 a month against $3,163 in Njardvik, rent and utilities included – about $26,700 less a year. Rent and utilities account for about half of the difference.

153

Cost of Living Index in Njardvik
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Njardvik Living Index
45

Cost of Living Index in Chiang Mai
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Chiang Mai Living Index

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Njardvik

🇮🇸 Iceland

$3,163

/mo nomad

Chiang Mai

🇹🇭 Thailand

$938

/mo nomad

Monthly Cost of Living

How much you'll spend in Njardvik and in Chiang Mai

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Njardvik and in Chiang Mai actually costs, broken down by who's living it.

A single person spends $3,163 per month in Njardvik vs $938 in Chiang Mai, rent included.

Njardvik $3,163
Chiang Mai $938

A couple spends around $4,909 per month in Njardvik vs $1,426 in Chiang Mai, rent included.

Njardvik $4,909
Chiang Mai $1,426

A family of three spends $6,655 per month in Njardvik vs $1,914 in Chiang Mai, rent included.

Njardvik $6,655
Chiang Mai $1,914

Njardvik costs about 237% more than Chiang Mai, and outside of rent the biggest gap is in groceries.

Njardvik sits 134% above the global median, while Chiang Mai is 30% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$24.17 ISK 2,931

$2.26 ฿75.4

969.47%

Three-Course Dinner for Two, Mid-Range

$99.6 ISK 12.1K

$19.18 ฿641

419.24%

Fast Food Meal (McDonalds, etc)

$16.52 ISK 2,004

$5.59 ฿187

195.53%

Cappuccino

$6.53 ISK 792

$1.72 ฿57.6

279.65%

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

$1.66 ISK 201

$0.64 ฿21.54

159.38%

Water (0.33 liter bottle)

$2.44 ISK 296

$0.33 ฿11.18

639.39%

Local Beer (0.5 liter draught)

$10.48 ISK 1,271

$2.36 ฿78.7

344.07%

Imported Beer (0.33 liter bottle)

$12.48 ISK 1,514

$3.90 ฿130

220.00%

Milk (1 liter)

$2.08 ISK 252

$2.05 ฿68.6

1.46%

White Bread (500g)

$4.27 ISK 518

$1.40 ฿46.70

205.00%

Rice (white) (1kg)

$3.70 ISK 449

$1.28 ฿42.89

189.06%

Eggs

$6.97 ISK 846

$2.25 ฿75.3

209.78%

Local Cheese (1kg)

$22.09 ISK 2,679

$16.94 ฿566

30.40%

Chicken Fillets (1kg)

$24.52 ISK 2,974

$2.74 ฿91.6

794.89%

Beef Round Steak (1kg)

$42.22 ISK 5,120

$9.36 ฿313

351.07%

Apples (1kg)

$3.40 ISK 412

$2.40 ฿80.3

41.67%

Banana (1kg)

$2.85 ISK 346

$1.01 ฿33.92

182.18%

Oranges (1kg)

$3.31 ISK 402

$1.61 ฿53.9

105.59%

Tomato (1kg)

$6.37 ISK 773

$1.52 ฿50.7

319.08%

Potato (1kg)

$3.84 ISK 465

$1.28 ฿42.90

200.00%

Onion (1kg)

$1.72 ISK 208

$1.11 ฿37.22

54.95%

Lettuce (1 head)

$3.68 ISK 446

$0.72 ฿24.09

411.11%

Water (1.5 liter bottle)

$1.83 ISK 222

$0.52 ฿17.54

251.92%

Cigarettes 20 Pack (Marlboro, Camel)

$13.68 ISK 1,659

$4.33 ฿145

215.94%

Wine (Bottle)

$24.04 ISK 2,916

$17.73 ฿593

35.59%

Local Beer (0.5 liter bottle)

$3.59 ISK 435

$1.63 ฿54.4

120.25%

Imported Beer (0.33 liter bottle)

$3.46 ISK 420

$2.85 ฿95.3

21.40%

One-way Ticket (Public Transport)

$0.85 ฿28.31

Public Transport Monthly Pass (Regular Price)

$53.9 ฿1,801

Taxi Start (Normal Tariff)

$6.78 ISK 823

$1.17 ฿39.18

479.49%

Taxi (Normal Tariff) (1km)

$2.86 ISK 346

$0.57 ฿19.00

401.75%

Taxi 1hour Waiting (Normal Tariff)

$80.3 ISK 9,741

$2.37 ฿79.2

3288.61%

Gasoline (1 liter)

$2.01 ISK 244

$1.45 ฿48.32

38.62%

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

$50.8K ISK 6.2M

$20.5K ฿684.3K

148.08%

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

$52.7K ISK 6.4M

$26.5K ฿886.1K

98.68%

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

$96.5 ISK 11.7K

$62.3 ฿2,083

54.82%

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

$32.65 ISK 3,960

$12.27 ฿410

166.10%

Internet (50+ Mbps, Unlimited Data)

$86.1 ISK 10.4K

$19.97 ฿668

330.90%

Gym Membership (Monthly)

$82.7 ISK 10.0K

$37.91 ฿1,267

118.07%

Tennis Court (1 Hour on Weekend)

$3.76 ฿126

Cinema Ticket

$19.52 ISK 2,368

$6.71 ฿224

190.91%

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

$1,187 ISK 144.0K

$797 ฿26.6K

48.92%

International Primary School, 1 Child (Yearly)

$25.7K ISK 3.1M

$14.8K ฿495.7K

73.27%

Jeans (Levis 501 Or Similar)

$124 ISK 15.0K

$53.3 ฿1,780

132.83%

Summer Dress (H&M, Zara, etc)

$65.3 ISK 7,916

$25.05 ฿837

160.52%

Sport Shoes (Adidas, Nike)

$183 ISK 22.2K

$91.6 ฿3,062

99.79%

Men's Leather Business Shoes

$249 ISK 30.2K

$73.5 ฿2,455

239.21%

1-bedroom Apartment, City Center (Monthly)

$464 ฿15.5K

1-bedroom Apartment, Outside City Center (Monthly)

$1,485 ISK 180.1K

$305 ฿10.2K

387.39%

3-bedroom Apartment, City Center (Monthly)

$915 ฿30.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,716 ISK 329.4K

$552 ฿18.5K

391.69%

Buy Apartment in City Center (m2)

$1,912 ฿63.9K

Buy Apartment Outside City Center (m2)

$1,438 ฿48.1K

Average Monthly Net Salary (After Tax)

$4,052 ISK 491.4K

$595 ฿19.9K

580.72%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

5.57

58.17%

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

Last update for Njardvik: October 12, 2026

Last update for Chiang Mai: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Njardvik

$1.5K 47%

Chiang Mai

$305 32.5% 79.5% $1.2K

Groceries & Markets

Njardvik

$625 19.8%

Chiang Mai

$238 25.4% 61.9% $387

Eating Out

Njardvik

$415 13.1%

Chiang Mai

$79 8.4% 81% $336

Clothing & Footwear

Njardvik

$280 8.8%

Chiang Mai

$110 11.7% 60.8% $170

Monthly Utilities & Internet

Njardvik

$215 6.8%

Chiang Mai

$95 10.1% 56.1% $121

Sport & Entertainment

Njardvik

$122 3.9%

Chiang Mai

$51 5.5% 57.8% $70

Getting Around

Njardvik

$21 * 0.7%

Chiang Mai

$61 6.5% 191% $40

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

Cost Breakdown

Salaries run about 581% higher in Njardvik, 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 $100 in Njardvik versus $19.00 in Chiang Mai. Monthly groceries follow the same trend: $625 vs $238 – making Chiang Mai the more affordable choice for daily food spending.

Good to know

🇮🇸 Njardvik

🇹🇭 Chiang Mai

🕒 Local time

00:16 12:16 AM

07:16 7:16 AM

7 h ahead of Njardvik

🌤 Weather

👥 Population

6,000

127,240

💱 Currency

Icelandic Króna ISK kr

Thai Baht THB ฿

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

100 THB = 2.99 USD

100 THB = 2.66 EUR

Exchange rates and currency converter

THB, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Thai Baht exchange rates as of October 19, 2026: 1 USD = 33.42 THB (100 THB = 2.99 USD). 1 EUR = 37.57 THB (100 THB = 2.66 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Njardvik Chiang Mai 9,550 km ≈ 12 h nonstop flight

From you

Njardvik
Chiang Mai

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

Njardvik vs Chiang Mai: Cost of Living - Frequently Asked Questions

Njardvik costs about 237% more than Chiang Mai, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $4,744 per month in Njardvik and $1,408 in Chiang Mai. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $100 in Njardvik and $19.00 in Chiang Mai. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 163% more in Njardvik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,000 monthly budget goes further in Chiang Mai, where all-in costs run around $938, than in Njardvik at $3,163. In Chiang Mai it covers expenses comfortably, while in Njardvik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Chiang Mai costs $938 versus $3,163 in Njardvik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 Chiang Mai. If higher salaries, better infrastructure, or specific career opportunities are the priority, Njardvik makes more sense. Both are solid long-term options with distinct trade-offs.