Last update: Oct 2026

Cost of Living Comparison Between Osorno and Reykjavik

For one person, living is cheaper in Osorno: $1,025 a month against $4,002 in Reykjavik, rent and utilities included – about $35,700 less a year. Rent and utilities account for most of the difference.

50

Cost of Living Index in Osorno
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Osorno Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Osorno

🇨🇱 Chile

$1,025

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

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

A single person spends $1,025 per month in Osorno vs $4,002 in Reykjavik, rent included.

Osorno $1,025
Reykjavik $4,002

A couple spends around $1,505 per month in Osorno vs $5,705 in Reykjavik, rent included.

Osorno $1,505
Reykjavik $5,705

A family of three spends $1,985 per month in Osorno vs $7,407 in Reykjavik, rent included.

Osorno $1,985
Reykjavik $7,407

Osorno is about 74% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Osorno sits 24% below the global median, while Reykjavik is 196% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$7.50 CLP 7,388

$31.56 ISK 3,828

-76.24%

Three-Course Dinner for Two, Mid-Range

$30.85 CLP 30.4K

$122 ISK 14.8K

-74.79%

Fast Food Meal (McDonalds, etc)

$6.45 CLP 6,350

$26.86 ISK 3,258

-75.99%

Cappuccino

$1.99 CLP 1,955

$6.81 ISK 827

-70.78%

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

$1.34 CLP 1,318

$3.39 ISK 411

-60.47%

Water (0.33 liter bottle)

$3.09 CLP 3,037

$3.20 ISK 388

-3.44%

Local Beer (0.5 liter draught)

$1.76 CLP 1,737

$14.14 ISK 1,715

-87.55%

Imported Beer (0.33 liter bottle)

$2.48 CLP 2,444

$12.31 ISK 1,493

-79.85%

Milk (1 liter)

$1.24 CLP 1,222

$2.10 ISK 255

-40.95%

White Bread (500g)

$1.52 CLP 1,496

$4.19 ISK 508

-63.72%

Rice (white) (1kg)

$1.52 CLP 1,492

$3.72 ISK 451

-59.14%

Eggs

$3.78 CLP 3,717

$7.05 ISK 856

-46.38%

Local Cheese (1kg)

$9.78 CLP 9,624

$21.56 ISK 2,615

-54.64%

Chicken Fillets (1kg)

$5.53 CLP 5,445

$24.68 ISK 2,993

-77.59%

Beef Round Steak (1kg)

$9.58 CLP 9,426

$42.19 ISK 5,117

-77.29%

Apples (1kg)

$2.01 CLP 1,981

$3.23 ISK 392

-37.77%

Banana (1kg)

$1.41 CLP 1,385

$2.73 ISK 331

-48.35%

Oranges (1kg)

$1.77 CLP 1,739

$3.17 ISK 384

-44.16%

Tomato (1kg)

$2.03 CLP 1,993

$6.61 ISK 802

-69.29%

Potato (1kg)

$1.92 CLP 1,888

$3.85 ISK 467

-50.13%

Onion (1kg)

$1.70 CLP 1,669

$1.66 ISK 201

2.41%

Lettuce (1 head)

$1.13 CLP 1,110

$3.80 ISK 461

-70.26%

Water (1.5 liter bottle)

$0.91 CLP 897

$1.75 ISK 212

-48.00%

Cigarettes 20 Pack (Marlboro, Camel)

$5.13 CLP 5,053

$13.71 ISK 1,662

-62.58%

Wine (Bottle)

$4.47 CLP 4,398

$24.21 ISK 2,937

-81.54%

Local Beer (0.5 liter bottle)

$1.55 CLP 1,527

$3.53 ISK 428

-56.09%

Imported Beer (0.33 liter bottle)

$3.08 CLP 3,031

$3.32 ISK 402

-7.23%

One-way Ticket (Public Transport)

$0.53 CLP 523

$5.75 ISK 697

-90.78%

Public Transport Monthly Pass (Regular Price)

$15.08 CLP 14.8K

$93.8 ISK 11.4K

-83.92%

Taxi Start (Normal Tariff)

$2.73 CLP 2,690

$6.61 ISK 802

-58.70%

Taxi (Normal Tariff) (1km)

$0.96 CLP 946

$2.90 ISK 352

-66.90%

Taxi 1hour Waiting (Normal Tariff)

$4.97 CLP 4,891

$79.2 ISK 9,602

-93.72%

Gasoline (1 liter)

$1.35 CLP 1,329

$2.09 ISK 253

-35.41%

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

$14.6K CLP 14.3M

$51.0K ISK 6.2M

-71.46%

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

$14.3K CLP 14.1M

$53.3K ISK 6.5M

-73.09%

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

$102 CLP 100.5K

$95.3 ISK 11.6K

7.14%

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

$10.02 CLP 9,867

$32.35 ISK 3,923

-69.03%

Internet (50+ Mbps, Unlimited Data)

$29.19 CLP 28.7K

$87.5 ISK 10.6K

-66.66%

Gym Membership (Monthly)

$59.5 CLP 58.6K

$102 ISK 12.4K

-41.58%

Tennis Court (1 Hour on Weekend)

$13.54 CLP 13.3K

$50.1 ISK 6,074

-72.96%

Cinema Ticket

$9.16 CLP 9,019

$19.88 ISK 2,412

-53.92%

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

$354 CLP 348.8K

$1,194 ISK 144.8K

-70.32%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$40.48 CLP 39.8K

$149 ISK 18.1K

-72.84%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

Sport Shoes (Adidas, Nike)

$42.53 CLP 41.9K

$180 ISK 21.8K

-76.36%

Men's Leather Business Shoes

$44.52 CLP 43.8K

$253 ISK 30.7K

-82.42%

1-bedroom Apartment, City Center (Monthly)

$384 CLP 378.3K

$2,549 ISK 309.2K

-84.92%

1-bedroom Apartment, Outside City Center (Monthly)

$371 CLP 365.3K

$2,056 ISK 249.4K

-81.95%

3-bedroom Apartment, City Center (Monthly)

$512 CLP 503.8K

$3,498 ISK 424.2K

-85.37%

3-bedroom Apartment, Outside City Center (Monthly)

$556 CLP 547.3K

$2,764 ISK 335.2K

-79.88%

Buy Apartment in City Center (m2)

$1,027 CLP 1.0M

$8,120 ISK 984.9K

-87.35%

Buy Apartment Outside City Center (m2)

$1,557 CLP 1.5M

$6,254 ISK 758.5K

-75.10%

Average Monthly Net Salary (After Tax)

$615 CLP 605.4K

$4,573 ISK 554.6K

-86.55%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.72

8.81

-46.42%

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

Last update for Osorno: October 11, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Osorno

$371 36.2%

Reykjavik

$2.1K 51.4% 454% $1.7K

Groceries & Markets

Osorno

$218 21.2%

Reykjavik

$623 15.6% 186% $405

Monthly Utilities & Internet

Osorno

$141 13.8%

Reykjavik

$215 5.4% 52.3% $74

Eating Out

Osorno

$135 13.2%

Reykjavik

$536 13.4% 298% $402

Sport & Entertainment

Osorno

$78 7.6%

Reykjavik

$142 3.5% 82% $64

Clothing & Footwear

Osorno

$57 * 5.6%

Reykjavik

$292 7.3% 409% $235

Getting Around

Osorno

$25 2.4%

Reykjavik

$138 3.5% 458% $113

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

Cost Breakdown

A central one-bedroom costs $384 in Osorno versus $2,549 in Reykjavik. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 644% higher in Reykjavik, 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 $31.00 in Osorno versus $122 in Reykjavik. Monthly groceries follow the same trend: $218 vs $623 – making Osorno the more affordable choice for daily food spending.

Good to know

🇨🇱 Osorno

🇮🇸 Reykjavik

🕒 Local time

21:54 9:54 PM

00:54 12:54 AM

3 h ahead of Osorno

🌤 Weather

👥 Population

147,666

136,894 Capital

💱 Currency

Chilean Peso CLP $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to CLP – Chilean Peso Converter

🇺🇸 United States Dollar ($)

🇨🇱 Chilean Peso ($)

Chilean Peso exchange rates as of October 19, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

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).

USD to CLP in detail →

On the map

Lowest

Highest

Between locations

Osorno Reykjavik 12,480 km ≈ 16 h nonstop flight

From you

Osorno
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

Osorno vs Reykjavik: Cost of Living - Frequently Asked Questions

Yes – Reykjavik is pricier by about 291%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $1,537 per month in Osorno and $6,003 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Osorno, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $354 per month in Osorno and $1,194 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 186% more in Reykjavik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Osorno, where all-in costs run around $1,025, than in Reykjavik at $4,002. In Osorno it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

Families tend to lean toward Osorno – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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