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: $3,061 in Njardvik versus $3,533 in Selfoss.

Estimated couple costs with rent: $4,716 in Njardvik versus $2,478 in Selfoss.

Monthly costs for a family of three with rent: $6,371 in Njardvik versus $1,422 in Selfoss.

Living in Njardvik costs roughly 13% less than in Selfoss, driven mainly by Eating Out.

Both cities are pricier than the global median: Njardvik 128% above, Selfoss 163% above.

Meal at Budget Restaurant

$24.24 ISK 3,018

Three-Course Dinner for Two, Mid-Range

$95.0 ISK 11.8K

Fast Food Meal (McDonalds, etc)

$16.37 ISK 2,038

$19.63 ISK 2,444

-16.61%

Cappuccino

$5.97 ISK 743

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

$1.63 ISK 203

Water (0.33 liter bottle)

$2.33 ISK 290

Local Beer (0.5 liter draught)

$10.46 ISK 1,303

$12.26 ISK 1,527

-14.68%

Imported Beer (0.33 liter bottle)

$11.41 ISK 1,420

Milk (1 liter)

$1.93 ISK 241

$1.75 ISK 218

10.29%

White Bread (500g)

$4.35 ISK 541

$7.42 ISK 924

-41.37%

Rice (white) (1kg)

$3.71 ISK 462

$4.32 ISK 538

-14.12%

Eggs

$6.32 ISK 787

$6.22 ISK 774

1.61%

Local Cheese (1kg)

$18.26 ISK 2,273

$16.97 ISK 2,113

7.60%

Chicken Fillets (1kg)

$24.23 ISK 3,016

$21.17 ISK 2,635

14.45%

Beef Round Steak (1kg)

$42.48 ISK 5,289

$33.10 ISK 4,121

28.34%

Apples (1kg)

$3.32 ISK 413

$2.76 ISK 344

20.29%

Banana (1kg)

$2.49 ISK 310

$2.59 ISK 322

-3.86%

Oranges (1kg)

$2.97 ISK 370

$2.57 ISK 320

15.56%

Tomato (1kg)

$5.02 ISK 625

$7.15 ISK 891

-29.79%

Potato (1kg)

$3.52 ISK 438

$3.14 ISK 391

12.10%

Onion (1kg)

$2.41 ISK 300

$2.07 ISK 257

16.43%

Lettuce (1 head)

$3.10 ISK 386

$3.59 ISK 447

-13.65%

Water (1.5 liter bottle)

$2.00 ISK 249

$1.34 ISK 167

49.25%

Cigarettes 20 Pack (Marlboro, Camel)

$13.52 ISK 1,683

$15.37 ISK 1,914

-12.04%

Wine (Bottle)

$23.74 ISK 2,956

Local Beer (0.5 liter bottle)

$3.74 ISK 465

Imported Beer (0.33 liter bottle)

$3.30 ISK 411

$1.10 ISK 137

200.00%

Taxi Start (Normal Tariff)

$6.48 ISK 807

Taxi (Normal Tariff) (1km)

$2.63 ISK 327

Taxi 1hour Waiting (Normal Tariff)

$87.2 ISK 10.9K

Gasoline (1 liter)

$2.56 ISK 319

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

$46.5K 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)

$86.2 ISK 10.7K

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

$27.96 ISK 3,481

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.7K

Gym Membership (Monthly)

$81.3 ISK 10.1K

Cinema Ticket

$17.85 ISK 2,223

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

$323 ISK 40.2K

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

Jeans (Levis 501 Or Similar)

$120 ISK 14.9K

Summer Dress (H&M, Zara, etc)

$62.7 ISK 7,810

Sport Shoes (Adidas, Nike)

$185 ISK 23.0K

Men's Leather Business Shoes

$264 ISK 32.9K

1-bedroom Apartment, Outside City Center (Monthly)

$1,459 ISK 181.7K

$2,884 ISK 359.0K

-49.40%

3-bedroom Apartment, Outside City Center (Monthly)

$2,667 ISK 332.0K

Average Monthly Net Salary (After Tax)

$3,931 ISK 489.4K

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: June 8, 2026

Last update for Selfoss: June 8, 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 15% in total monthly costs ($3,061 vs $3,533 including rent). Njardvik is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $4,591 in Njardvik and $5,299 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 $3,061 per month in Njardvik versus $3,533 in Selfoss – a 15% gap that adds up to real savings over time for anyone picking the cheaper option.

At $3,061 in Njardvik versus $3,533 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 15% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.