Cost of Living Comparison Between Phuket and Reykjahlid Cost of Living Comparison Between Phuket and Reykjahlid

Monthly Cost of Living

Monthly costs for one person with rent: $1,232 in Phuket versus $178 in Reykjahlid.

Estimated couple costs with rent: $2,255 in Phuket versus $262 in Reykjahlid.

Monthly costs for a family of three with rent: $3,279 in Phuket versus $346 in Reykjahlid.

Living in Phuket is roughly 593% more expensive than Reykjahlid, driven mainly by Groceries & Markets.

Both cities sit below the global median: Phuket 8% lower, Reykjahlid 87% lower.

Meal at Budget Restaurant

$4.63 ฿151

Three-Course Dinner for Two, Mid-Range

$46.84 ฿1,532

Fast Food Meal (McDonalds, etc)

$8.84 ฿289

Cappuccino

$3.00 ฿98.0

$6.00 ISK 735

-50.00%

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

$0.74 ฿24.25

Water (0.33 liter bottle)

$0.37 ฿11.95

Local Beer (0.5 liter draught)

$2.44 ฿79.8

$11.75 ISK 1,439

-79.23%

Imported Beer (0.33 liter bottle)

$3.61 ฿118

$11.68 ISK 1,430

-69.09%

Milk (1 liter)

$2.26 ฿73.9

$2.36 ISK 289

-4.24%

White Bread (500g)

$1.84 ฿60.1

Rice (white) (1kg)

$2.24 ฿73.4

Eggs

$2.32 ฿75.7

Local Cheese (1kg)

$19.67 ฿643

Chicken Fillets (1kg)

$3.65 ฿119

Beef Round Steak (1kg)

$13.10 ฿428

Apples (1kg)

$3.39 ฿111

Banana (1kg)

$1.64 ฿53.7

Oranges (1kg)

$2.41 ฿79.0

Tomato (1kg)

$2.03 ฿66.4

Potato (1kg)

$1.56 ฿50.9

Onion (1kg)

$1.50 ฿48.94

Lettuce (1 head)

$1.02 ฿33.50

Water (1.5 liter bottle)

$0.49 ฿16.00

Cigarettes 20 Pack (Marlboro, Camel)

$4.45 ฿145

Wine (Bottle)

$18.88 ฿617

Local Beer (0.5 liter bottle)

$1.78 ฿58.1

Imported Beer (0.33 liter bottle)

$2.75 ฿90.1

One-way Ticket (Public Transport)

$1.40 ฿45.81

Public Transport Monthly Pass (Regular Price)

$11.48 ฿376

Taxi Start (Normal Tariff)

$3.12 ฿102

Taxi (Normal Tariff) (1km)

$1.00 ฿32.67

Taxi 1hour Waiting (Normal Tariff)

$14.09 ฿461

Gasoline (1 liter)

$1.35 ฿44.19

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

$27.2K ฿888.9K

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

$32.9K ฿1.1M

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

$125 ฿4,087

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

$13.57 ฿444

Internet (50+ Mbps, Unlimited Data)

$18.52 ฿606

Gym Membership (Monthly)

$61.5 ฿2,010

Tennis Court (1 Hour on Weekend)

$16.84 ฿551

Cinema Ticket

$9.19 ฿300

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

$698 ฿22.8K

International Primary School, 1 Child (Yearly)

$15.6K ฿509.9K

Jeans (Levis 501 Or Similar)

$57.8 ฿1,889

Summer Dress (H&M, Zara, etc)

$35.24 ฿1,152

Sport Shoes (Adidas, Nike)

$113 ฿3,699

Men's Leather Business Shoes

$86.4 ฿2,825

1-bedroom Apartment, City Center (Monthly)

$616 ฿20.1K

1-bedroom Apartment, Outside City Center (Monthly)

$446 ฿14.6K

3-bedroom Apartment, City Center (Monthly)

$2,048 ฿67.0K

3-bedroom Apartment, Outside City Center (Monthly)

$1,492 ฿48.8K

Buy Apartment in City Center (m2)

$3,779 ฿123.6K

Buy Apartment Outside City Center (m2)

$2,649 ฿86.6K

Average Monthly Net Salary (After Tax)

$524 ฿17.1K

20-Year Fixed Mortgage Interest Rate (Annual %)

5.33

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

Last update for Phuket: April 27, 2026

Last update for Reykjahlid: April 25, 2026

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 Reykjahlid: Cost of Living - Frequently Asked Questions

Reykjahlid is cheaper overall, especially in Groceries & Markets, Clothing & Footwear, Sport & Entertainment, Monthly Utilities & Internet, Getting Around. The 593% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,847 in Phuket and $267 in Reykjahlid 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.

Supermarket bills run roughly 1139% higher in Phuket. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,232 per month in Phuket versus $178 in Reykjahlid – a 593% gap that adds up to real savings over time for anyone picking the cheaper option.

At $178 in Reykjahlid versus $1,232 in Phuket, a $2,000 budget is realistic in Reykjahlid but tight or insufficient in Phuket. The gap between the two cities makes Reykjahlid the clear choice for anyone on this budget.

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

Safety-wise, Phuket and Reykjahlid 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 Reykjahlid gentler on the wallet – expenses run 593% less than in Phuket. Beyond cost, consider language, visa policies, and how big the international community is in each city.