Last update: Nov 2026

Cost of Living Comparison Between Njardvik and Selfoss

For one person, living is cheaper in Njardvik: $3,133 a month against $3,397 in Selfoss, rent and utilities included – about $3,200 less a year. Higher rent and utilities in Selfoss outweigh lower spending on other living expenses.

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Cost of Living Index in Njardvik
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Njardvik Living Index

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Njardvik

🇮🇸 Iceland

$3,133

/mo nomad

Selfoss

🇮🇸 Iceland

$3,397

/mo nomad

Monthly Cost of Living

How much you'll spend in Njardvik and in Selfoss

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 Selfoss actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,133 in Njardvik versus $3,397 in Selfoss.

Njardvik $3,133
Selfoss $3,397

Estimated couple costs with rent: $4,864 in Njardvik versus $2,424 in Selfoss.

Njardvik $4,864
Selfoss $2,424

Monthly costs for a family of three with rent: $6,596 in Njardvik versus $1,451 in Selfoss.

Njardvik $6,596
Selfoss $1,451

Living in Njardvik costs roughly 8% less than in Selfoss.

Both cities are pricier than the global median: Njardvik 132% above, Selfoss 151% above.

Meal at Budget Restaurant

$24.20 ISK 2,940

Three-Course Dinner for Two, Mid-Range

$98.4 ISK 12.0K

Fast Food Meal (McDonalds, etc)

$16.27 ISK 1,977

$20.19 ISK 2,453

-19.42%

Cappuccino

$6.46 ISK 784

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

$1.61 ISK 195

Water (0.33 liter bottle)

$2.41 ISK 292

Local Beer (0.5 liter draught)

$10.53 ISK 1,280

$12.45 ISK 1,513

-15.42%

Imported Beer (0.33 liter bottle)

$12.43 ISK 1,510

Milk (1 liter)

$2.12 ISK 258

$1.76 ISK 214

20.45%

White Bread (500g)

$4.24 ISK 515

$7.43 ISK 903

-42.93%

Rice (white) (1kg)

$3.64 ISK 443

$4.37 ISK 531

-16.70%

Eggs

$7.20 ISK 875

$6.34 ISK 771

13.56%

Local Cheese (1kg)

$21.85 ISK 2,655

$16.92 ISK 2,055

29.14%

Chicken Fillets (1kg)

$24.79 ISK 3,012

$21.39 ISK 2,599

15.90%

Beef Round Steak (1kg)

$41.37 ISK 5,027

$33.81 ISK 4,108

22.36%

Apples (1kg)

$3.40 ISK 413

$2.83 ISK 344

20.14%

Banana (1kg)

$2.85 ISK 347

$2.59 ISK 315

10.04%

Oranges (1kg)

$3.13 ISK 381

$2.68 ISK 325

16.79%

Tomato (1kg)

$6.54 ISK 795

$7.37 ISK 896

-11.26%

Potato (1kg)

$3.95 ISK 480

$3.11 ISK 378

27.01%

Onion (1kg)

$1.68 ISK 205

$2.16 ISK 262

-22.22%

Lettuce (1 head)

$3.75 ISK 456

$3.49 ISK 424

7.45%

Water (1.5 liter bottle)

$1.84 ISK 224

$1.40 ISK 170

31.43%

Cigarettes 20 Pack (Marlboro, Camel)

$13.70 ISK 1,665

$15.52 ISK 1,886

-11.73%

Wine (Bottle)

$23.83 ISK 2,896

Local Beer (0.5 liter bottle)

$3.61 ISK 439

Imported Beer (0.33 liter bottle)

$3.35 ISK 407

$1.16 ISK 142

188.79%

Taxi Start (Normal Tariff)

$6.57 ISK 799

Taxi (Normal Tariff) (1km)

$2.87 ISK 349

Taxi 1hour Waiting (Normal Tariff)

$81.0 ISK 9,846

Gasoline (1 liter)

$2.05 ISK 249

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

$67.8K ISK 8.2M

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

$56.3K ISK 6.8M

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

$96.1 ISK 11.7K

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

$32.14 ISK 3,905

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.4K

Gym Membership (Monthly)

$80.6 ISK 9,793

Cinema Ticket

$19.99 ISK 2,429

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

$1,198 ISK 145.5K

International Primary School, 1 Child (Yearly)

$26.0K ISK 3.2M

Jeans (Levis 501 Or Similar)

$122 ISK 14.8K

Summer Dress (H&M, Zara, etc)

$66.7 ISK 8,106

Sport Shoes (Adidas, Nike)

$183 ISK 22.2K

Men's Leather Business Shoes

$247 ISK 30.0K

1-bedroom Apartment, Outside City Center (Monthly)

$1,462 ISK 177.6K

$2,756 ISK 334.9K

-46.96%

3-bedroom Apartment, Outside City Center (Monthly)

$2,674 ISK 324.9K

Average Monthly Net Salary (After Tax)

$4,080 ISK 495.7K

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 Selfoss: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Njardvik

$1.5K 46.7%

Selfoss

–

Groceries & Markets

Njardvik

$625 19.9%

Selfoss

–

Eating Out

Njardvik

$413 13.2%

Selfoss

–

Clothing & Footwear

Njardvik

$278 8.9%

Selfoss

–

Monthly Utilities & Internet

Njardvik

$214 6.8%

Selfoss

–

Sport & Entertainment

Njardvik

$121 3.9%

Selfoss

–

Getting Around

Njardvik

$21 * 0.7%

Selfoss

–

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

Good to know

🇮🇸 Njardvik

🇮🇸 Selfoss

🕒 Local time

21:29 9:29 PM

Same time as Njardvik

🌤 Weather

👥 Population

6,000

9,000

💱 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

On the map

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Njardvik Selfoss 75 km

From you

Njardvik
Selfoss

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 Selfoss: Cost of Living - Frequently Asked Questions

You’d need roughly $4,700 in Njardvik and $5,095 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 $3,133 per month in Njardvik versus $3,397 in Selfoss – Njardvik is about 8% cheaper, which adds up to real savings over time.

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