Last update: Oct 2026

Cost of Living Comparison Between Pando and Reykjavik

For one person, living is cheaper in Pando: $997 a month against $4,023 in Reykjavik, rent and utilities included – about $36,300 less a year. Rent and utilities account for most of the difference.

48

Cost of Living Index in Pando
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Pando Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

Jump to prices

Pando

🇺🇾 Uruguay

$997

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Monthly Cost of Living

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

A single person spends $997 per month in Pando vs $4,023 in Reykjavik, rent included.

Pando $997
Reykjavik $4,023

A couple spends around $1,900 per month in Pando vs $5,708 in Reykjavik, rent included.

Pando $1,900
Reykjavik $5,708

A family of three spends $2,802 per month in Pando vs $7,393 in Reykjavik, rent included.

Pando $2,802
Reykjavik $7,393

Pando is about 75% cheaper than Reykjavik, and outside of rent the biggest gap is in eating out.

Pando sits 26% below the global median, while Reykjavik is 197% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$12.97 UYU 521

$31.00 ISK 3,760

-58.16%

Three-Course Dinner for Two, Mid-Range

$43.80 UYU 1,758

$123 ISK 14.9K

-64.45%

Fast Food Meal (McDonalds, etc)

$13.92 UYU 559

$27.21 ISK 3,300

-48.84%

Cappuccino

$5.07 UYU 203

$6.90 ISK 837

-26.52%

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

$2.35 UYU 94.2

$3.30 ISK 401

-28.79%

Water (0.33 liter bottle)

$2.26 UYU 90.8

$3.16 ISK 384

-28.48%

Local Beer (0.5 liter draught)

$2.93 UYU 117

$13.84 ISK 1,678

-78.83%

Imported Beer (0.33 liter bottle)

$3.61 UYU 145

$12.46 ISK 1,512

-71.03%

Milk (1 liter)

$1.13 UYU 45.54

$2.06 ISK 250

-45.15%

White Bread (500g)

$2.82 UYU 113

$4.11 ISK 498

-31.39%

Rice (white) (1kg)

$1.69 UYU 67.8

$3.68 ISK 446

-54.08%

Eggs

$4.32 UYU 173

$7.27 ISK 882

-40.58%

Local Cheese (1kg)

$12.35 UYU 496

$21.79 ISK 2,643

-43.32%

Chicken Fillets (1kg)

$11.88 UYU 477

$23.95 ISK 2,905

-50.40%

Beef Round Steak (1kg)

$12.07 UYU 485

$41.43 ISK 5,025

-70.87%

Apples (1kg)

$3.04 UYU 122

$3.42 ISK 414

-11.11%

Banana (1kg)

$3.34 UYU 134

$2.84 ISK 344

17.61%

Oranges (1kg)

$2.30 UYU 92.3

$3.23 ISK 391

-28.79%

Tomato (1kg)

$3.97 UYU 159

$6.46 ISK 783

-38.54%

Potato (1kg)

$2.07 UYU 83.1

$4.05 ISK 491

-48.89%

Onion (1kg)

$2.08 UYU 83.5

$1.66 ISK 202

25.30%

Lettuce (1 head)

$1.57 UYU 63.2

$3.86 ISK 468

-59.33%

Water (1.5 liter bottle)

$1.91 UYU 76.6

$1.84 ISK 223

3.80%

Cigarettes 20 Pack (Marlboro, Camel)

$9.96 UYU 400

$13.96 ISK 1,693

-28.65%

Wine (Bottle)

$7.97 UYU 320

$23.76 ISK 2,882

-66.46%

Local Beer (0.5 liter bottle)

$3.02 UYU 121

$3.54 ISK 430

-14.69%

Imported Beer (0.33 liter bottle)

$3.36 UYU 135

$3.44 ISK 418

-2.33%

One-way Ticket (Public Transport)

$5.81 ISK 705

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

Taxi Start (Normal Tariff)

$3.59 UYU 144

$6.72 ISK 815

-46.58%

Taxi (Normal Tariff) (1km)

$3.44 UYU 138

$2.81 ISK 340

22.42%

Taxi 1hour Waiting (Normal Tariff)

$9.78 UYU 393

$81.3 ISK 9,866

-87.98%

Gasoline (1 liter)

$2.15 UYU 86.3

$2.12 ISK 257

1.42%

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

$35.9K UYU 1.4M

$68.9K ISK 8.4M

-47.99%

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

$40.2K UYU 1.6M

$55.8K ISK 6.8M

-27.93%

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

$113 UYU 4,536

$95.8 ISK 11.6K

17.97%

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

$24.04 UYU 965

$33.11 ISK 4,016

-27.39%

Internet (50+ Mbps, Unlimited Data)

$46.87 UYU 1,881

$87.2 ISK 10.6K

-46.22%

Gym Membership (Monthly)

$101 ISK 12.3K

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

Cinema Ticket

$12.53 UYU 503

$19.85 ISK 2,407

-36.88%

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

$492 UYU 19.7K

$1,195 ISK 144.9K

-58.81%

International Primary School, 1 Child (Yearly)

$6,713 UYU 269.4K

$26.2K ISK 3.2M

-74.40%

Jeans (Levis 501 Or Similar)

$88.1 UYU 3,535

$148 ISK 18.0K

-40.60%

Summer Dress (H&M, Zara, etc)

$37.69 UYU 1,513

$66.8 ISK 8,096

-43.54%

Sport Shoes (Adidas, Nike)

$163 UYU 6,545

$187 ISK 22.6K

-12.60%

Men's Leather Business Shoes

$117 UYU 4,714

$253 ISK 30.6K

-53.51%

1-bedroom Apartment, City Center (Monthly)

$346 UYU 13.9K

$2,579 ISK 312.8K

-86.59%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

3-bedroom Apartment, City Center (Monthly)

$740 UYU 29.7K

$3,455 ISK 419.0K

-78.59%

3-bedroom Apartment, Outside City Center (Monthly)

$606 UYU 24.3K

$2,752 ISK 333.8K

-77.97%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-43.25%

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

Last update for Pando: October 19, 2026

Last update for Reykjavik: October 20, 2026

Monthly budget structure

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

Groceries & Markets

Pando

$338 33.9%

Reykjavik

$619 15.4% 83.3% $281

Eating Out

Pando

$247 24.7%

Reykjavik

$532 13.2% 116% $286

Monthly Utilities & Internet

Pando

$184 18.5%

Reykjavik

$216 5.4% 17.5% $32

Clothing & Footwear

Pando

$183 18.3%

Reykjavik

$294 7.3% 61% $112

Sport & Entertainment

Pando

$25 * 2.5%

Reykjavik

$141 3.5% 462% $116

Getting Around

Pando

$21 * 2.1%

Reykjavik

$139 3.5% 571% $119

Accommodation & Living

Pando

- * 0%

Reykjavik

$2.1K 51.7%

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

Cost Breakdown

A central one-bedroom costs $346 in Pando versus $2,579 in Reykjavik. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $44.00 in Pando versus $123 in Reykjavik. Monthly groceries follow the same trend: $338 vs $619 – making Pando the more affordable choice for daily food spending.

Good to know

🇺🇾 Pando

🇮🇸 Reykjavik

🕒 Local time

11:58 11:58 AM

14:58 2:58 PM

3 h ahead of Pando

🌤 Weather

👥 Population

25,949

136,894 Capital

💱 Currency

Uruguayan Peso UYU $U

Icelandic Króna ISK kr

📈 Exchange rate

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to UYU – Uruguayan Peso Converter

🇺🇸 United States Dollar ($)

🇺🇾 Uruguayan Peso ($U)

Uruguayan Peso exchange rates as of October 24, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.12 UYU (100 UYU = 2.22 EUR).

Icelandic Króna exchange rates as of October 24, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to UYU in detail →

On the map

Lowest

Highest

Between locations

Pando Reykjavik 11,390 km ≈ 15 h nonstop flight

From you

Pando
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

Pando vs Reykjavik: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $997 in Pando, $4,023 in Reykjavik – roughly 303% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $1,496 per month in Pando and $6,034 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $997 in Pando and $4,023 in Reykjavik. That's a gap of about 303%.

Kindergarten costs $492 per month in Pando and $1,195 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Pando, where all-in costs run around $997, than in Reykjavik at $4,023. In Pando it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $997 in Pando to $4,023 in Reykjavik. Climate, culture, job market, and personal taste all factor in.

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 Pando. 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.