Last update: Oct 2026

Cost of Living Comparison Between Paso de los Libres and Reykjavik

For one person, living is cheaper in Paso de los Libres: $1,164 a month against $4,037 in Reykjavik, rent and utilities included – about $34,500 less a year. Rent and utilities account for most of the difference.

55

Cost of Living Index in Paso de los Libres
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Paso de los Libres Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Paso de los Libres

🇦🇷 Argentina

$1,164

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

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

A single person spends $1,164 per month in Paso de los Libres vs $4,037 in Reykjavik, rent included.

Paso de los Libres $1,164
Reykjavik $4,037

A couple spends around $1,891 per month in Paso de los Libres vs $5,666 in Reykjavik, rent included.

Paso de los Libres $1,891
Reykjavik $5,666

A family of three spends $2,618 per month in Paso de los Libres vs $7,295 in Reykjavik, rent included.

Paso de los Libres $2,618
Reykjavik $7,295

Paso de los Libres is about 71% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Paso de los Libres sits 13% below the global median, while Reykjavik is 201% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$15.24 ARS 23.1K

$30.59 ISK 3,730

-50.18%

Three-Course Dinner for Two, Mid-Range

$56.4 ARS 85.4K

$136 ISK 16.5K

-58.42%

Fast Food Meal (McDonalds, etc)

$12.96 ARS 19.6K

$27.08 ISK 3,302

-52.14%

Cappuccino

$3.73 ARS 5,653

$6.72 ISK 819

-44.49%

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

$2.31 ARS 3,503

$3.27 ISK 399

-29.36%

Water (0.33 liter bottle)

$1.79 ARS 2,719

$3.16 ISK 386

-43.35%

Local Beer (0.5 liter draught)

$3.90 ARS 5,920

$13.91 ISK 1,696

-71.96%

Imported Beer (0.33 liter bottle)

$4.04 ARS 6,129

$12.06 ISK 1,470

-66.50%

Milk (1 liter)

$1.33 ARS 2,022

$2.04 ISK 248

-34.80%

White Bread (500g)

$2.21 ARS 3,354

$4.32 ISK 527

-48.84%

Rice (white) (1kg)

$1.88 ARS 2,858

$3.67 ISK 447

-48.77%

Eggs

$2.57 ARS 3,891

$7.02 ISK 856

-63.39%

Local Cheese (1kg)

$10.45 ARS 15.9K

$22.01 ISK 2,684

-52.52%

Chicken Fillets (1kg)

$7.24 ARS 11.0K

$24.70 ISK 3,012

-70.69%

Beef Round Steak (1kg)

$11.90 ARS 18.1K

$42.66 ISK 5,202

-72.11%

Apples (1kg)

$2.46 ARS 3,735

$3.37 ISK 412

-27.00%

Banana (1kg)

$2.23 ARS 3,385

$2.85 ISK 347

-21.75%

Oranges (1kg)

$1.47 ARS 2,223

$3.17 ISK 387

-53.63%

Tomato (1kg)

$2.52 ARS 3,823

$6.39 ISK 779

-60.56%

Potato (1kg)

$4.01 ISK 489

Onion (1kg)

$1.15 ARS 1,749

$1.64 ISK 200

-29.88%

Lettuce (1 head)

$3.80 ISK 463

Water (1.5 liter bottle)

$1.74 ISK 212

Cigarettes 20 Pack (Marlboro, Camel)

$3.45 ARS 5,230

$13.80 ISK 1,682

-75.00%

Wine (Bottle)

$5.09 ARS 7,722

$23.38 ISK 2,851

-78.23%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

One-way Ticket (Public Transport)

$1.04 ARS 1,581

$5.77 ISK 704

-81.98%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

Taxi Start (Normal Tariff)

$1.63 ARS 2,471

$6.63 ISK 808

-75.41%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

Gasoline (1 liter)

$1.22 ARS 1,854

$2.11 ISK 257

-42.18%

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

$50.8K ISK 6.2M

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

$52.7K ISK 6.4M

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

$109 ARS 164.7K

$88.7 ISK 10.8K

22.45%

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

$17.50 ARS 26.5K

$31.53 ISK 3,845

-44.50%

Internet (50+ Mbps, Unlimited Data)

$28.45 ARS 43.1K

$84.6 ISK 10.3K

-66.39%

Gym Membership (Monthly)

$30.99 ARS 47.0K

$100 ISK 12.2K

-69.13%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$9.22 ARS 14.0K

$19.87 ISK 2,424

-53.60%

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

$297 ARS 450.9K

$1,277 ISK 155.8K

-76.73%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

Jeans (Levis 501 Or Similar)

$101 ARS 153.0K

$161 ISK 19.6K

-37.27%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

Sport Shoes (Adidas, Nike)

$120 ARS 181.7K

$183 ISK 22.3K

-34.39%

Men's Leather Business Shoes

$133 ARS 201.6K

$254 ISK 31.0K

-47.65%

1-bedroom Apartment, City Center (Monthly)

$481 ARS 729.9K

$2,499 ISK 304.8K

-80.74%

1-bedroom Apartment, Outside City Center (Monthly)

$316 ARS 479.7K

$2,000 ISK 243.9K

-84.18%

3-bedroom Apartment, City Center (Monthly)

$918 ARS 1.4M

$3,452 ISK 421.0K

-73.40%

3-bedroom Apartment, Outside City Center (Monthly)

$739 ARS 1.1M

$2,742 ISK 334.4K

-73.07%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

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 Paso de los Libres: October 4, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Paso de los Libres

$316 27.6%

Reykjavik

$2K 50.9% 532% $1.7K

Eating Out

Paso de los Libres

$250 21.7%

Reykjavik

$526 13.4% 111% $276

Groceries & Markets

Paso de los Libres

$213 * 18.6%

Reykjavik

$625 15.9% 193% $412

Clothing & Footwear

Paso de los Libres

$159 * 13.9%

Reykjavik

$298 7.6% 87.3% $139

Monthly Utilities & Internet

Paso de los Libres

$155 13.5%

Reykjavik

$205 5.2% 32.6% $50

Sport & Entertainment

Paso de los Libres

$49 4.3%

Reykjavik

$140 3.6% 183% $91

Getting Around

Paso de los Libres

$5.8 * 0.5%

Reykjavik

$139 3.5% 2294% $133

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

Cost Breakdown

A central one-bedroom costs $481 in Paso de los Libres versus $2,499 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 $56.0 in Paso de los Libres versus $136 in Reykjavik. Monthly groceries follow the same trend: $213 vs $625 – making Paso de los Libres the more affordable choice for daily food spending.

Good to know

🇦🇷 Paso de los Libres

🇮🇸 Reykjavik

🕒 Local time

07:47 7:47 AM

10:47 10:47 AM

3 h ahead of Paso de los Libres

🌤 Weather

👥 Population

43,251

136,894 Capital

💱 Currency

Argentine Peso ARS $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 ARS = 6.59 USD

10,000 ARS = 5.88 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

Exchange rates and currency converter

ISK, USD, EUR to ARS – Argentine Peso Converter

🇺🇸 United States Dollar ($)

🇦🇷 Argentine Peso ($)

Argentine Peso exchange rates as of October 10, 2026: 1 USD = 1,517 ARS (10,000 ARS = 6.59 USD). 1 EUR = 1,699 ARS (10,000 ARS = 5.88 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to ARS in detail →

On the map

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Between locations

Paso de los Libres Reykjavik 10,880 km ≈ 14 h nonstop flight

From you

Paso de los Libres
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

Paso de los Libres vs Reykjavik: Cost of Living - Frequently Asked Questions

Yes – Reykjavik is pricier by about 247%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $1,746 per month in Paso de los Libres and $6,055 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Paso de los Libres, 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 $1,164 in Paso de los Libres and $4,037 in Reykjavik. That's a gap of about 247%.

Kindergarten costs $297 per month in Paso de los Libres and $1,277 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Paso de los Libres, where all-in costs run around $1,164, than in Reykjavik at $4,037. In Paso de los Libres it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

Families tend to lean toward Paso de los Libres – 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 Paso de los Libres. 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.