Cost of Living Comparison Between Njardvik and Selfoss Cost of Living Comparison Between Njardvik and Selfoss

Monthly Cost of Living

Monthly costs for one person with rent: $3,084 in Njardvik versus $3,462 in Selfoss.

Estimated couple costs with rent: $4,824 in Njardvik versus $2,428 in Selfoss.

Monthly costs for a family of three with rent: $6,564 in Njardvik versus $1,394 in Selfoss.

Living in Njardvik costs roughly 11% less than in Selfoss, driven mainly by Clothing & Footwear.

Both cities are pricier than the global median: Njardvik 132% above, Selfoss 160% above.

Meal at Budget Restaurant

$23.99 ISK 2,965

Three-Course Dinner for Two, Mid-Range

$97.5 ISK 12.1K

Fast Food Meal (McDonalds, etc)

$16.12 ISK 1,993

$20.38 ISK 2,519

-20.90%

Cappuccino

$6.07 ISK 751

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

$1.63 ISK 202

Water (0.33 liter bottle)

$2.43 ISK 301

Local Beer (0.5 liter draught)

$10.60 ISK 1,310

$11.83 ISK 1,462

-10.40%

Imported Beer (0.33 liter bottle)

$11.11 ISK 1,373

Milk (1 liter)

$1.86 ISK 230

$1.74 ISK 215

6.90%

White Bread (500g)

$4.19 ISK 518

$7.09 ISK 876

-40.90%

Rice (white) (1kg)

$3.56 ISK 440

$4.28 ISK 529

-16.82%

Eggs

$6.29 ISK 777

$6.43 ISK 795

-2.18%

Local Cheese (1kg)

$18.07 ISK 2,233

$16.96 ISK 2,096

6.54%

Chicken Fillets (1kg)

$23.80 ISK 2,941

$20.63 ISK 2,549

15.37%

Beef Round Steak (1kg)

$42.65 ISK 5,272

$32.75 ISK 4,047

30.23%

Apples (1kg)

$3.30 ISK 408

$2.69 ISK 333

22.68%

Banana (1kg)

$2.41 ISK 298

$2.65 ISK 328

-9.06%

Oranges (1kg)

$2.96 ISK 366

$2.61 ISK 323

13.41%

Tomato (1kg)

$5.14 ISK 636

$7.27 ISK 898

-29.30%

Potato (1kg)

$3.51 ISK 434

$3.18 ISK 393

10.38%

Onion (1kg)

$2.44 ISK 302

$2.07 ISK 256

17.87%

Lettuce (1 head)

$3.18 ISK 393

$3.56 ISK 440

-10.67%

Water (1.5 liter bottle)

$1.94 ISK 240

$1.38 ISK 171

40.58%

Cigarettes 20 Pack (Marlboro, Camel)

$13.76 ISK 1,701

$15.41 ISK 1,904

-10.71%

Wine (Bottle)

$23.07 ISK 2,851

Local Beer (0.5 liter bottle)

$3.68 ISK 455

Imported Beer (0.33 liter bottle)

$3.38 ISK 417

$1.14 ISK 141

196.49%

Taxi Start (Normal Tariff)

$6.47 ISK 800

Taxi (Normal Tariff) (1km)

$2.54 ISK 314

Taxi 1hour Waiting (Normal Tariff)

$85.6 ISK 10.6K

Gasoline (1 liter)

$2.56 ISK 317

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

$46.9K ISK 5.8M

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

$52.4K ISK 6.5M

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

$86.4 ISK 10.7K

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

$27.25 ISK 3,368

Internet (50+ Mbps, Unlimited Data)

$86.4 ISK 10.7K

Gym Membership (Monthly)

$79.4 ISK 9,814

Cinema Ticket

$17.27 ISK 2,134

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

$325 ISK 40.2K

International Primary School, 1 Child (Yearly)

$29.8K ISK 3.7M

Jeans (Levis 501 Or Similar)

$123 ISK 15.1K

Summer Dress (H&M, Zara, etc)

$61.0 ISK 7,540

Sport Shoes (Adidas, Nike)

$183 ISK 22.6K

Men's Leather Business Shoes

$268 ISK 33.1K

1-bedroom Apartment, Outside City Center (Monthly)

$1,466 ISK 181.1K

$2,903 ISK 358.8K

-49.51%

3-bedroom Apartment, Outside City Center (Monthly)

$2,609 ISK 322.5K

Average Monthly Net Salary (After Tax)

$3,915 ISK 483.9K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Njardvik: July 26, 2026

Last update for Selfoss: July 25, 2026

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 Selfoss: Cost of Living - Frequently Asked Questions

Njardvik and Selfoss differ by about 12% in total monthly costs ($3,084 vs $3,462 including rent). Njardvik is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $4,626 in Njardvik and $5,192 in Selfoss to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Selfoss pay roughly 17% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $3,084 per month in Njardvik versus $3,462 in Selfoss – a 12% gap that adds up to real savings over time for anyone picking the cheaper option.

At $3,084 in Njardvik versus $3,462 in Selfoss, a $2,500 budget is realistic in Njardvik but tight or insufficient in Selfoss. The gap between the two cities makes Njardvik 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, Njardvik and Selfoss 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 Njardvik gentler on the wallet – expenses run 12% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.