Last update: Oct 2026

Cost of Living Comparison Between Ouro Preto, Minas Gerais and Reykjavik

For one person, living is cheaper in Ouro Preto, Minas Gerais: $818 a month against $4,002 in Reykjavik, rent and utilities included – about $38,200 less a year. Rent and utilities account for most of the difference.

40

Cost of Living Index in Ouro Preto, Minas Gerais
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Ouro Preto, Minas Gerais Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Ouro Preto, Minas Gerais

🇧🇷 Brazil

$818

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $818 in Ouro Preto, Minas Gerais versus $4,002 in Reykjavik.

Ouro Preto, Minas Gerais $818
Reykjavik $4,002

Estimated couple costs with rent: $1,265 in Ouro Preto, Minas Gerais versus $5,705 in Reykjavik.

Ouro Preto, Minas Gerais $1,265
Reykjavik $5,705

Monthly costs for a family of three with rent: $1,712 in Ouro Preto, Minas Gerais versus $7,407 in Reykjavik.

Ouro Preto, Minas Gerais $1,712
Reykjavik $7,407

Living in Ouro Preto, Minas Gerais costs roughly 80% less than in Reykjavik, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Ouro Preto, Minas Gerais is 39% below, Reykjavik is 196% above.

Meal at Budget Restaurant

$4.41 R$22.17

$31.56 ISK 3,834

-86.03%

Three-Course Dinner for Two, Mid-Range

$15.91 R$80.0

$122 ISK 14.9K

-87.00%

Fast Food Meal (McDonalds, etc)

$7.30 R$36.72

$26.86 ISK 3,263

-72.82%

Cappuccino

$1.71 R$8.62

$6.81 ISK 828

-74.89%

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

$1.43 R$7.20

$3.39 ISK 411

-57.82%

Water (0.33 liter bottle)

$0.62 R$3.13

$3.20 ISK 389

-80.63%

Local Beer (0.5 liter draught)

$1.22 R$6.12

$14.14 ISK 1,717

-91.37%

Imported Beer (0.33 liter bottle)

$2.47 R$12.40

$12.31 ISK 1,495

-79.94%

Milk (1 liter)

$0.94 R$4.70

$2.10 ISK 255

-55.24%

White Bread (500g)

$1.57 R$7.91

$4.19 ISK 509

-62.53%

Rice (white) (1kg)

$1.38 R$6.92

$3.72 ISK 452

-62.90%

Eggs

$2.02 R$10.17

$7.05 ISK 857

-71.35%

Local Cheese (1kg)

$9.22 R$46.34

$21.56 ISK 2,619

-57.24%

Chicken Fillets (1kg)

$3.53 R$17.72

$24.68 ISK 2,998

-85.70%

Beef Round Steak (1kg)

$10.05 R$50.5

$42.19 ISK 5,125

-76.18%

Apples (1kg)

$1.94 R$9.77

$3.23 ISK 393

-39.94%

Banana (1kg)

$1.16 R$5.83

$2.73 ISK 332

-57.51%

Oranges (1kg)

$0.93 R$4.69

$3.17 ISK 385

-70.66%

Tomato (1kg)

$1.23 R$6.21

$6.61 ISK 804

-81.39%

Potato (1kg)

$0.71 R$3.55

$3.85 ISK 467

-81.56%

Onion (1kg)

$0.86 R$4.33

$1.66 ISK 201

-48.19%

Lettuce (1 head)

$0.54 R$2.70

$3.80 ISK 462

-85.79%

Water (1.5 liter bottle)

$0.77 R$3.86

$1.75 ISK 212

-56.00%

Cigarettes 20 Pack (Marlboro, Camel)

$1.57 R$7.87

$13.71 ISK 1,665

-88.55%

Wine (Bottle)

$5.94 R$29.83

$24.21 ISK 2,942

-75.46%

Local Beer (0.5 liter bottle)

$0.98 R$4.94

$3.53 ISK 429

-72.24%

Imported Beer (0.33 liter bottle)

$1.37 R$6.91

$3.32 ISK 403

-58.73%

One-way Ticket (Public Transport)

$1.04 R$5.23

$5.75 ISK 698

-81.91%

Public Transport Monthly Pass (Regular Price)

$43.37 R$218

$93.8 ISK 11.4K

-53.77%

Taxi Start (Normal Tariff)

$1.38 R$6.92

$6.61 ISK 804

-79.12%

Taxi (Normal Tariff) (1km)

$0.74 R$3.70

$2.90 ISK 352

-74.48%

Taxi 1hour Waiting (Normal Tariff)

$3.97 R$19.93

$79.2 ISK 9,617

-94.98%

Gasoline (1 liter)

$1.31 R$6.57

$2.09 ISK 254

-37.32%

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

$11.9K R$60.1K

$51.0K ISK 6.2M

-76.58%

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

$29.6K R$148.7K

$53.3K ISK 6.5M

-44.49%

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

$60.4 R$304

$95.3 ISK 11.6K

-36.55%

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

$9.88 R$49.64

$32.35 ISK 3,929

-69.46%

Internet (50+ Mbps, Unlimited Data)

$19.42 R$97.6

$87.5 ISK 10.6K

-77.82%

Gym Membership (Monthly)

$25.65 R$129

$102 ISK 12.4K

-74.82%

Tennis Court (1 Hour on Weekend)

$27.30 R$137

$50.1 ISK 6,083

-45.49%

Cinema Ticket

$6.64 R$33.35

$19.88 ISK 2,415

-66.60%

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

$146 R$733

$1,194 ISK 145.0K

-87.79%

International Primary School, 1 Child (Yearly)

$2,019 R$10.1K

$25.4K ISK 3.1M

-92.06%

Jeans (Levis 501 Or Similar)

$71.5 R$359

$149 ISK 18.1K

-52.03%

Summer Dress (H&M, Zara, etc)

$84.3 R$424

$66.6 ISK 8,093

26.51%

Sport Shoes (Adidas, Nike)

$67.2 R$338

$180 ISK 21.9K

-62.67%

Men's Leather Business Shoes

$48.89 R$246

$253 ISK 30.8K

-80.69%

1-bedroom Apartment, City Center (Monthly)

$359 R$1,803

$2,549 ISK 309.7K

-85.93%

1-bedroom Apartment, Outside City Center (Monthly)

$242 R$1,215

$2,056 ISK 249.8K

-88.24%

3-bedroom Apartment, City Center (Monthly)

$670 R$3,365

$3,498 ISK 424.9K

-80.86%

3-bedroom Apartment, Outside City Center (Monthly)

$451 R$2,268

$2,764 ISK 335.7K

-83.67%

Buy Apartment in City Center (m2)

$1,882 R$9,462

$8,120 ISK 986.4K

-76.82%

Buy Apartment Outside City Center (m2)

$1,339 R$6,730

$6,254 ISK 759.7K

-78.59%

Average Monthly Net Salary (After Tax)

$4,573 ISK 555.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

10.67

8.81

21.11%

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

Last update for Ouro Preto, Minas Gerais: October 13, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Ouro Preto, Minas Gerais

$242 29.6%

Reykjavik

$2.1K 51.4% 750% $1.8K

Groceries & Markets

Ouro Preto, Minas Gerais

$175 21.5%

Reykjavik

$623 15.6% 255% $447

Clothing & Footwear

Ouro Preto, Minas Gerais

$122 15%

Reykjavik

$292 7.3% 139% $170

Eating Out

Ouro Preto, Minas Gerais

$97 11.9%

Reykjavik

$536 13.4% 453% $439

Monthly Utilities & Internet

Ouro Preto, Minas Gerais

$90 11%

Reykjavik

$215 5.4% 140% $125

Getting Around

Ouro Preto, Minas Gerais

$53 6.4%

Reykjavik

$138 3.5% 162% $85

Sport & Entertainment

Ouro Preto, Minas Gerais

$39 4.8%

Reykjavik

$142 3.5% 264% $103

Cost Breakdown

A one-bedroom apartment in the center runs $359 in Ouro Preto, Minas Gerais and $2,549 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Dining out: $16.00 in Ouro Preto, Minas Gerais vs $122 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $175 vs $623 per month, with Ouro Preto, Minas Gerais cheaper across the board.

Good to know

🇧🇷 Ouro Preto, Minas Gerais

🇮🇸 Reykjavik

🕒 Local time

15:25 3:25 PM

18:25 6:25 PM

3 h ahead of Ouro Preto, Minas Gerais

🌤 Weather

👥 Population

74,821

136,894 Capital

💱 Currency

Brazilian Real BRL R$

Icelandic Króna ISK kr

📈 Exchange rate

1 BRL = 0.199 USD

1 BRL = 0.178 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.35 EUR

Exchange rates and currency converter

ISK, USD, EUR to BRL – Brazilian Real Converter

🇺🇸 United States Dollar ($)

🇧🇷 Brazilian Real (R$)

Brazilian Real exchange rates as of October 14, 2026: 1 USD = 5.03 BRL (1 BRL = 0.199 USD). 1 EUR = 5.63 BRL (1 BRL = 0.178 EUR).

Icelandic Króna exchange rates as of October 14, 2026: 1 USD = 121 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

USD to BRL in detail →

On the map

Lowest

Highest

Between locations

Ouro Preto, Minas Gerais Reykjavik 9,580 km ≈ 12 h nonstop flight

From you

Ouro Preto, Minas Gerais
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

Ouro Preto, Minas Gerais vs Reykjavik: Cost of Living - Frequently Asked Questions

Ouro Preto, Minas Gerais is cheaper overall, especially in groceries, clothing, and eating out. The 389% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,227 in Ouro Preto, Minas Gerais and $6,003 in Reykjavik 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.

Rent for a central apartment: $359 in Ouro Preto, Minas Gerais versus $2,549 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Ouro Preto, Minas Gerais runs roughly 116% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $146 in Ouro Preto, Minas Gerais versus $1,194 in Reykjavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $818 in Ouro Preto, Minas Gerais versus $4,002 in Reykjavik, a $1,500 budget is realistic in Ouro Preto, Minas Gerais but tight or insufficient in Reykjavik. The gap between the two cities makes Ouro Preto, Minas Gerais the clear choice for anyone on this budget.

For families, Ouro Preto, Minas Gerais is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Ouro Preto, Minas Gerais and Reykjavik 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 Ouro Preto, Minas Gerais gentler on the wallet – expenses run 389% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.