Last update: Nov 2026

Cost of Living Comparison Between Njardvik and Reykjavik

For one person, living is cheaper in Njardvik: $3,133 a month against $4,031 in Reykjavik, rent and utilities included – about $10,800 less a year. Rent and utilities account for most of the difference.

151

Cost of Living Index in Njardvik
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Njardvik Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Njardvik

🇮🇸 Iceland

$3,133

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,031

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $3,133 in Njardvik versus $4,031 in Reykjavik.

Njardvik $3,133
Reykjavik $4,031

Estimated couple costs with rent: $4,864 in Njardvik versus $5,731 in Reykjavik.

Njardvik $4,864
Reykjavik $5,731

Monthly costs for a family of three with rent: $6,596 in Njardvik versus $7,431 in Reykjavik.

Njardvik $6,596
Reykjavik $7,431

Living in Njardvik costs roughly 22% less than in Reykjavik, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Njardvik 132% above, Reykjavik 198% above.

Meal at Budget Restaurant

$24.20 ISK 2,940

$30.60 ISK 3,718

-20.92%

Three-Course Dinner for Two, Mid-Range

$98.4 ISK 12.0K

$122 ISK 14.9K

-19.57%

Fast Food Meal (McDonalds, etc)

$16.27 ISK 1,977

$27.27 ISK 3,313

-40.34%

Cappuccino

$6.46 ISK 784

$6.90 ISK 838

-6.38%

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

$1.61 ISK 195

$3.39 ISK 412

-52.51%

Water (0.33 liter bottle)

$2.41 ISK 292

$3.18 ISK 387

-24.21%

Local Beer (0.5 liter draught)

$10.53 ISK 1,280

$14.10 ISK 1,713

-25.32%

Imported Beer (0.33 liter bottle)

$12.43 ISK 1,510

$12.44 ISK 1,511

-0.08%

Milk (1 liter)

$2.12 ISK 258

$2.05 ISK 249

3.41%

White Bread (500g)

$4.24 ISK 515

$4.36 ISK 529

-2.75%

Rice (white) (1kg)

$3.64 ISK 443

$3.62 ISK 440

0.55%

Eggs

$7.20 ISK 875

$7.06 ISK 857

1.98%

Local Cheese (1kg)

$21.85 ISK 2,655

$21.58 ISK 2,622

1.25%

Chicken Fillets (1kg)

$24.79 ISK 3,012

$24.14 ISK 2,933

2.69%

Beef Round Steak (1kg)

$41.37 ISK 5,027

$41.47 ISK 5,039

-0.24%

Apples (1kg)

$3.40 ISK 413

$3.06 ISK 371

11.11%

Banana (1kg)

$2.85 ISK 347

$2.81 ISK 342

1.42%

Oranges (1kg)

$3.13 ISK 381

$3.15 ISK 383

-0.63%

Tomato (1kg)

$6.54 ISK 795

$6.41 ISK 779

2.03%

Potato (1kg)

$3.95 ISK 480

$3.98 ISK 484

-0.75%

Onion (1kg)

$1.68 ISK 205

$1.65 ISK 200

1.82%

Lettuce (1 head)

$3.75 ISK 456

$3.73 ISK 453

0.54%

Water (1.5 liter bottle)

$1.84 ISK 224

$1.75 ISK 213

5.14%

Cigarettes 20 Pack (Marlboro, Camel)

$13.70 ISK 1,665

$13.94 ISK 1,694

-1.72%

Wine (Bottle)

$23.83 ISK 2,896

$23.99 ISK 2,915

-0.67%

Local Beer (0.5 liter bottle)

$3.61 ISK 439

$3.67 ISK 446

-1.63%

Imported Beer (0.33 liter bottle)

$3.35 ISK 407

$3.46 ISK 421

-3.18%

One-way Ticket (Public Transport)

$5.75 ISK 699

Public Transport Monthly Pass (Regular Price)

$95.5 ISK 11.6K

Taxi Start (Normal Tariff)

$6.57 ISK 799

$7.15 ISK 868

-8.11%

Taxi (Normal Tariff) (1km)

$2.87 ISK 349

$3.69 ISK 448

-22.22%

Taxi 1hour Waiting (Normal Tariff)

$81.0 ISK 9,846

$97.7 ISK 11.9K

-17.07%

Gasoline (1 liter)

$2.05 ISK 249

$2.00 ISK 243

2.50%

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

$67.8K ISK 8.2M

$68.0K ISK 8.3M

-0.30%

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

$56.3K ISK 6.8M

$55.8K ISK 6.8M

0.84%

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

$96.1 ISK 11.7K

$96.9 ISK 11.8K

-0.78%

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

$32.14 ISK 3,905

$32.89 ISK 3,996

-2.28%

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.4K

$89.6 ISK 10.9K

-4.68%

Gym Membership (Monthly)

$80.6 ISK 9,793

$99.0 ISK 12.0K

-18.54%

Tennis Court (1 Hour on Weekend)

$51.0 ISK 6,191

Cinema Ticket

$19.99 ISK 2,429

$19.75 ISK 2,400

1.22%

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

$1,198 ISK 145.5K

$1,203 ISK 146.2K

-0.46%

International Primary School, 1 Child (Yearly)

$26.0K ISK 3.2M

$18.6K ISK 2.3M

39.96%

Jeans (Levis 501 Or Similar)

$122 ISK 14.8K

$151 ISK 18.3K

-19.38%

Summer Dress (H&M, Zara, etc)

$66.7 ISK 8,106

$64.9 ISK 7,880

2.87%

Sport Shoes (Adidas, Nike)

$183 ISK 22.2K

$183 ISK 22.3K

-0.16%

Men's Leather Business Shoes

$247 ISK 30.0K

$255 ISK 31.0K

-3.17%

1-bedroom Apartment, City Center (Monthly)

$2,615 ISK 317.7K

1-bedroom Apartment, Outside City Center (Monthly)

$1,462 ISK 177.6K

$2,086 ISK 253.4K

-29.91%

3-bedroom Apartment, City Center (Monthly)

$3,535 ISK 429.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,674 ISK 324.9K

$2,796 ISK 339.7K

-4.34%

Buy Apartment in City Center (m2)

$8,182 ISK 994.1K

Buy Apartment Outside City Center (m2)

$6,284 ISK 763.5K

Average Monthly Net Salary (After Tax)

$4,080 ISK 495.7K

$4,790 ISK 581.9K

-14.82%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Njardvik: November 1, 2026

Last update for Reykjavik: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Njardvik

$1.5K 46.7%

Reykjavik

$2.1K 51.7% 42.7% $624

Groceries & Markets

Njardvik

$625 19.9%

Reykjavik

$618 15.3% 1.1% $6.9

Eating Out

Njardvik

$413 13.2%

Reykjavik

$531 13.2% 28.4% $118

Clothing & Footwear

Njardvik

$278 8.9%

Reykjavik

$294 7.3% 5.8% $16

Monthly Utilities & Internet

Njardvik

$214 6.8%

Reykjavik

$219 5.4% 2.7% $5.7

Sport & Entertainment

Njardvik

$121 3.9%

Reykjavik

$138 3.4% 14.8% $18

Getting Around

Njardvik

$21 * 0.7%

Reykjavik

$144 3.6% 588% $123

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

Cost Breakdown

Reykjavik pays 17% 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: $98 in Njardvik vs $122 in Reykjavik. Groceries flip the comparison at $625 vs $618, with Reykjavik cheaper for home cooking.

Good to know

🇮🇸 Njardvik

🇮🇸 Reykjavik

🕒 Local time

21:29 9:29 PM

Same time as Njardvik

🌤 Weather

👥 Population

6,000

136,894 Capital

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

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Njardvik Reykjavik 35 km

From you

Njardvik
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

Njardvik vs Reykjavik: Cost of Living - Frequently Asked Questions

Njardvik is about 22% cheaper overall, especially in transport, eating out, and leisure. That difference adds up to real monthly savings that compound significantly over time.

On paper, salaries run 15% lower in Njardvik. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Dining out is cheaper in Njardvik – a meal for two runs $98 versus $122 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

Childcare runs $1,198 in Njardvik versus $1,203 in Reykjavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Both cities are expensive relative to $2,500. Njardvik is the more realistic option, but even there you’ll need to be disciplined with housing, food, and fun money.

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, Njardvik and Reykjavik are both considered safe, so it’s unlikely to be the deciding factor between them.

It comes down to priorities – Njardvik wins on affordability, Reykjavik on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.