Last update: Nov 2026

Cost of Living Comparison Between Phuket and Njardvik

For one person, living is cheaper in Phuket: $1,294 a month against $3,133 in Njardvik, rent and utilities included – about $22,100 less a year. Rent and utilities account for about half of the difference.

62

Cost of Living Index in Phuket
Learn more

Phuket Living Index
151

Cost of Living Index in Njardvik
Learn more

Njardvik Living Index

Jump to prices

Phuket

🇹🇭 Thailand

$1,294

/mo nomad

Njardvik

🇮🇸 Iceland

$3,133

/mo nomad

Monthly Cost of Living

How much you'll spend in Phuket and in Njardvik

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Phuket and in Njardvik actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,294 in Phuket versus $3,133 in Njardvik.

Phuket $1,294
Njardvik $3,133

Estimated couple costs with rent: $2,204 in Phuket versus $4,864 in Njardvik.

Phuket $2,204
Njardvik $4,864

Monthly costs for a family of three with rent: $3,115 in Phuket versus $6,596 in Njardvik.

Phuket $3,115
Njardvik $6,596

Living in Phuket costs roughly 59% less than in Njardvik, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Phuket is 4% below, Njardvik is 132% above.

Meal at Budget Restaurant

$4.39 ฿148

$24.20 ISK 2,940

-81.86%

Three-Course Dinner for Two, Mid-Range

$32.31 ฿1,086

$98.4 ISK 12.0K

-67.15%

Fast Food Meal (McDonalds, etc)

$8.70 ฿293

$16.27 ISK 1,977

-46.53%

Cappuccino

$2.72 ฿91.6

$6.46 ISK 784

-57.89%

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

$0.93 ฿31.28

$1.61 ISK 195

-42.24%

Water (0.33 liter bottle)

$0.50 ฿16.79

$2.41 ISK 292

-79.25%

Local Beer (0.5 liter draught)

$2.53 ฿85.1

$10.53 ISK 1,280

-75.97%

Imported Beer (0.33 liter bottle)

$3.63 ฿122

$12.43 ISK 1,510

-70.80%

Milk (1 liter)

$1.74 ฿58.5

$2.12 ISK 258

-17.92%

White Bread (500g)

$1.45 ฿48.77

$4.24 ISK 515

-65.80%

Rice (white) (1kg)

$1.50 ฿50.5

$3.64 ISK 443

-58.79%

Eggs

$2.17 ฿73.0

$7.20 ISK 875

-69.86%

Local Cheese (1kg)

$19.09 ฿642

$21.85 ISK 2,655

-12.63%

Chicken Fillets (1kg)

$3.40 ฿114

$24.79 ISK 3,012

-86.28%

Beef Round Steak (1kg)

$10.90 ฿366

$41.37 ISK 5,027

-73.65%

Apples (1kg)

$2.94 ฿98.9

$3.40 ISK 413

-13.53%

Banana (1kg)

$1.69 ฿56.9

$2.85 ISK 347

-40.70%

Oranges (1kg)

$2.19 ฿73.8

$3.13 ISK 381

-30.03%

Tomato (1kg)

$2.12 ฿71.4

$6.54 ISK 795

-67.58%

Potato (1kg)

$1.46 ฿49.03

$3.95 ISK 480

-63.04%

Onion (1kg)

$1.37 ฿45.99

$1.68 ISK 205

-18.45%

Lettuce (1 head)

$1.08 ฿36.17

$3.75 ISK 456

-71.20%

Water (1.5 liter bottle)

$0.55 ฿18.34

$1.84 ISK 224

-70.11%

Cigarettes 20 Pack (Marlboro, Camel)

$4.43 ฿149

$13.70 ISK 1,665

-67.66%

Wine (Bottle)

$18.25 ฿614

$23.83 ISK 2,896

-23.42%

Local Beer (0.5 liter bottle)

$1.77 ฿59.6

$3.61 ISK 439

-50.97%

Imported Beer (0.33 liter bottle)

$2.88 ฿96.8

$3.35 ISK 407

-14.03%

One-way Ticket (Public Transport)

$1.45 ฿48.66

Public Transport Monthly Pass (Regular Price)

$54.9 ฿1,845

Taxi Start (Normal Tariff)

$1.51 ฿50.9

$6.57 ISK 799

-77.02%

Taxi (Normal Tariff) (1km)

$0.78 ฿26.08

$2.87 ISK 349

-72.82%

Taxi 1hour Waiting (Normal Tariff)

$3.84 ฿129

$81.0 ISK 9,846

-95.26%

Gasoline (1 liter)

$1.49 ฿50.0

$2.05 ISK 249

-27.32%

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

$26.9K ฿903.7K

$67.8K ISK 8.2M

-60.33%

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

$26.3K ฿885.7K

$56.3K ISK 6.8M

-53.18%

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

$97.8 ฿3,288

$96.1 ISK 11.7K

1.79%

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

$11.29 ฿380

$32.14 ISK 3,905

-64.87%

Internet (50+ Mbps, Unlimited Data)

$17.19 ฿578

$85.4 ISK 10.4K

-79.86%

Gym Membership (Monthly)

$68.3 ฿2,297

$80.6 ISK 9,793

-15.22%

Tennis Court (1 Hour on Weekend)

$10.92 ฿367

Cinema Ticket

$7.43 ฿250

$19.99 ISK 2,429

-62.83%

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

$530 ฿17.8K

$1,198 ISK 145.5K

-55.71%

International Primary School, 1 Child (Yearly)

$18.8K ฿631.4K

$26.0K ISK 3.2M

-27.83%

Jeans (Levis 501 Or Similar)

$61.7 ฿2,073

$122 ISK 14.8K

-49.28%

Summer Dress (H&M, Zara, etc)

$28.25 ฿950

$66.7 ISK 8,106

-57.66%

Sport Shoes (Adidas, Nike)

$96.0 ฿3,228

$183 ISK 22.2K

-47.54%

Men's Leather Business Shoes

$86.8 ฿2,919

$247 ISK 30.0K

-64.85%

1-bedroom Apartment, City Center (Monthly)

$721 ฿24.2K

1-bedroom Apartment, Outside City Center (Monthly)

$509 ฿17.1K

$1,462 ISK 177.6K

-65.19%

3-bedroom Apartment, City Center (Monthly)

$1,950 ฿65.6K

3-bedroom Apartment, Outside City Center (Monthly)

$1,397 ฿47.0K

$2,674 ISK 324.9K

-47.77%

Buy Apartment in City Center (m2)

$4,192 ฿140.9K

Buy Apartment Outside City Center (m2)

$3,298 ฿110.9K

Average Monthly Net Salary (After Tax)

$492 ฿16.5K

$4,080 ISK 495.7K

-87.95%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.57

8.81

-36.78%

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

Last update for Phuket: November 2, 2026

Last update for Njardvik: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Phuket

$509 39.3%

Njardvik

$1.5K 46.7% 187% $953

Groceries & Markets

Phuket

$267 20.6%

Njardvik

$625 19.9% 134% $358

Monthly Utilities & Internet

Phuket

$126 9.8%

Njardvik

$214 6.8% 69.1% $87

Clothing & Footwear

Phuket

$123 9.5%

Njardvik

$278 8.9% 127% $156

Eating Out

Phuket

$120 9.2%

Njardvik

$413 13.2% 246% $294

Sport & Entertainment

Phuket

$83 6.4%

Njardvik

$121 3.9% 45% $37

Getting Around

Phuket

$66 5.1%

Njardvik

$21 * 0.7% 68.3% $45

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

Cost Breakdown

Njardvik pays about 8.3 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $32 in Phuket vs $98 in Njardvik for a mid-range dinner for two. Groceries echo the gap at $267 vs $625 per month, with Phuket cheaper across the board.

Good to know

🇹🇭 Phuket

🇮🇸 Njardvik

🕒 Local time

07:09 7:09 AM

00:09 12:09 AM

7 h behind Phuket

🌤 Weather

👥 Population

79,308

6,000

💱 Currency

Thai Baht THB ฿

Icelandic Króna ISK kr

📈 Exchange rate

100 THB = 2.97 USD

100 THB = 2.64 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

ISK, USD, EUR to THB – Thai Baht Converter

🇺🇸 United States Dollar ($)

🇹🇭 Thai Baht (฿)

Thai Baht exchange rates as of November 5, 2026: 1 USD = 33.62 THB (100 THB = 2.97 USD). 1 EUR = 37.85 THB (100 THB = 2.64 EUR).

Icelandic Króna exchange rates as of November 5, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

USD to THB in detail →

On the map

Lowest

Highest

Between locations

Phuket Njardvik 10,650 km ≈ 14 h nonstop flight

From you

Phuket
Njardvik

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

Phuket vs Njardvik: Cost of Living - Frequently Asked Questions

Phuket is about 59% cheaper overall, especially in groceries, eating out, and clothing. That difference adds up to real monthly savings that compound significantly over time.

On paper, salaries run 88% lower in Phuket. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Supermarket bills run roughly 134% higher in Njardvik. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $1,294 per month in Phuket versus $3,133 in Njardvik – Phuket is about 59% cheaper, which adds up to real savings over time.

At $1,294 in Phuket versus $3,133 in Njardvik, a $1,500 budget is realistic in Phuket but tight or insufficient in Njardvik. The gap between the two cities makes Phuket the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Phuket and Njardvik are both considered safe, so it’s unlikely to be the deciding factor between them.

It comes down to priorities – Phuket wins on affordability, Njardvik on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.