Cost of Living Comparison Between Palo Alto, CA and Keflavik Cost of Living Comparison Between Palo Alto, CA and Keflavik

🙂 Solo nomad: Palo Alto, CA is 20% cheaper than Keflavik without rent, and 70.2% more expensive with rent.

🙂 Family of 3: Palo Alto, CA is 26.7% cheaper than Keflavik without rent, and 65.4% more expensive with rent.

Meal at Budget Restaurant

$25.41 $25.41

$23.80 ISK 2,998

6.76%

Three-Course Dinner for Two, Mid-Range

$108 $108

$143 ISK 18.0K

-24.71%

Fast Food Meal (McDonalds, etc)

$11.55 $11.55

$20.37 ISK 2,565

-43.30%

Cappuccino

$5.98 $5.98

$4.11 ISK 518

45.50%

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

$3.38 $3.38

$3.26 ISK 411

3.68%

Water (0.33 liter bottle)

$2.53 $2.53

$2.55 ISK 321

-0.78%

Local Beer (0.5 liter draught)

$7.79 $7.79

$7.82 ISK 986

-0.38%

Imported Beer (0.33 liter bottle)

$10.05 $10.05

$8.01 ISK 1,010

25.47%

Milk (1 liter)

$1.41 $1.41

$1.97 ISK 248

-28.43%

White Bread (500g)

$5.01 $5.01

$4.35 ISK 548

15.17%

Rice (white) (1kg)

$3.19 $3.19

$2.39 ISK 301

33.47%

Eggs

$6.19 $6.19

$6.34 ISK 799

-2.37%

Local Cheese (1kg)

$21.30 $21.30

$17.88 ISK 2,253

19.13%

Chicken Fillets (1kg)

$15.25 $15.25

$24.13 ISK 3,040

-36.80%

Beef Round Steak (1kg)

$23.25 $23.25

$41.80 ISK 5,266

-44.38%

Apples (1kg)

$7.20 $7.20

$2.46 ISK 310

192.68%

Banana (1kg)

$2.46 $2.46

$2.39 ISK 301

2.93%

Oranges (1kg)

$4.92 $4.92

$2.48 ISK 312

98.39%

Tomato (1kg)

$6.70 $6.70

$3.94 ISK 497

70.05%

Potato (1kg)

$3.75 $3.75

$3.07 ISK 386

22.15%

Onion (1kg)

$4.41 $4.41

$2.12 ISK 267

108.02%

Lettuce (1 head)

$2.91 $2.91

$3.19 ISK 401

-8.78%

Water (1.5 liter bottle)

$2.88 $2.88

$1.95 ISK 245

47.69%

Cigarettes 20 Pack (Marlboro, Camel)

$11.33 $11.33

$13.57 ISK 1,709

-16.51%

Wine (Bottle)

$18.87 $18.87

$15.59 ISK 1,964

21.04%

Local Beer (0.5 liter bottle)

$2.25 $2.25

$3.55 ISK 448

-36.62%

Imported Beer (0.33 liter bottle)

$3.23 $3.23

$2.85 ISK 359

13.33%

One-way Ticket (Public Transport)

$2.57 $2.57

$3.52 ISK 443

-26.99%

Public Transport Monthly Pass (Regular Price)

$89.2 $89.2

$75.1 ISK 9,462

18.79%

Taxi Start (Normal Tariff)

$4.17 $4.17

$6.28 ISK 791

-33.60%

Taxi (Normal Tariff) (1km)

$1.81 $1.81

$2.29 ISK 288

-20.96%

Taxi 1hour Waiting (Normal Tariff)

$29.50 $29.50

$86.9 ISK 10.9K

-66.06%

Gasoline (1 liter)

$1.32 $1.32

$2.45 ISK 309

-46.12%

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

$29.8K $29.8K

$46.8K ISK 5.9M

-36.25%

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

$26.9K $26.9K

$52.5K ISK 6.6M

-48.82%

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

$221 $221

$87.4 ISK 11.0K

153.33%

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

$48.10 $48.10

$27.11 ISK 3,415

77.43%

Internet (50+ Mbps, Unlimited Data)

$67.2 $67.2

$86.0 ISK 10.8K

-21.86%

Gym Membership (Monthly)

$118 $118

Tennis Court (1 Hour on Weekend)

$19.78 $19.78

Cinema Ticket

$16.09 $16.09

$17.32 ISK 2,181

-7.10%

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

$2,766 $2,766

$326 ISK 41.1K

748.52%

International Primary School, 1 Child (Yearly)

$45.3K $45.3K

$30.4K ISK 3.8M

49.15%

Jeans (Levis 501 Or Similar)

$52.8 $52.8

$141 ISK 17.8K

-62.68%

Summer Dress (H&M, Zara, etc)

$43.42 $43.42

$62.6 ISK 7,882

-30.61%

Sport Shoes (Adidas, Nike)

$86.8 $86.8

$185 ISK 23.3K

-52.97%

Men's Leather Business Shoes

$138 $138

$188 ISK 23.7K

-26.61%

1-bedroom Apartment, City Center (Monthly)

$3,430 $3,430

$1,870 ISK 235.6K

83.39%

1-bedroom Apartment, Outside City Center (Monthly)

$3,188 $3,188

$1,302 ISK 164.1K

144.76%

3-bedroom Apartment, City Center (Monthly)

$5,935 $5,935

$2,438 ISK 307.1K

143.45%

3-bedroom Apartment, Outside City Center (Monthly)

$5,695 $5,695

$2,042 ISK 257.2K

178.88%

Average Monthly Net Salary (After Tax)

$9,608 $9,608

$3,649 ISK 459.7K

163.31%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.51

9.63

-32.40%

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

Last update for Palo Alto, CA: January 12, 2026

Last update for Keflavik: January 11, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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