Cost of Living Comparison Between Phuket and Reykjavik Cost of Living Comparison Between Phuket and Reykjavik

Monthly Cost of Living

Monthly costs for one person with rent: $1,232 in Phuket versus $4,054 in Reykjavik.

Estimated couple costs with rent: $2,054 in Phuket versus $5,691 in Reykjavik.

Monthly costs for a family of three with rent: $2,876 in Phuket versus $7,329 in Reykjavik.

Living in Phuket costs roughly 70% less than in Reykjavik, driven mainly by Eating Out.

The two cities straddle the global median: Phuket is 10% below, Reykjavik is 196% above.

Meal at Budget Restaurant

$4.41 ฿147

$30.01 ISK 3,655

-85.30%

Three-Course Dinner for Two, Mid-Range

$32.26 ฿1,077

$134 ISK 16.3K

-75.88%

Fast Food Meal (McDonalds, etc)

$8.93 ฿298

$27.02 ISK 3,292

-66.95%

Cappuccino

$2.90 ฿96.6

$7.03 ISK 857

-58.75%

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

$0.88 ฿29.38

$3.36 ISK 410

-73.81%

Water (0.33 liter bottle)

$0.48 ฿16.06

$3.35 ISK 408

-85.67%

Local Beer (0.5 liter draught)

$2.35 ฿78.5

$13.80 ISK 1,681

-82.97%

Imported Beer (0.33 liter bottle)

$3.72 ฿124

$12.17 ISK 1,482

-69.43%

Milk (1 liter)

$1.87 ฿62.3

$2.03 ISK 248

-7.88%

White Bread (500g)

$1.47 ฿48.94

$4.29 ISK 522

-65.73%

Rice (white) (1kg)

$1.55 ฿51.8

$3.51 ISK 428

-55.84%

Eggs

$2.10 ฿70.1

$7.13 ISK 869

-70.55%

Local Cheese (1kg)

$19.59 ฿654

$21.15 ISK 2,576

-7.38%

Chicken Fillets (1kg)

$3.42 ฿114

$25.14 ISK 3,062

-86.40%

Beef Round Steak (1kg)

$11.38 ฿380

$42.98 ISK 5,234

-73.52%

Apples (1kg)

$2.98 ฿99.6

$3.38 ISK 412

-11.83%

Banana (1kg)

$1.68 ฿56.2

$2.85 ISK 347

-41.05%

Oranges (1kg)

$2.21 ฿73.7

$3.33 ISK 406

-33.63%

Tomato (1kg)

$2.16 ฿72.1

$6.30 ISK 767

-65.71%

Potato (1kg)

$1.52 ฿50.9

$4.08 ISK 497

-62.75%

Onion (1kg)

$1.34 ฿44.67

$1.66 ISK 202

-19.28%

Lettuce (1 head)

$1.13 ฿37.67

$3.66 ISK 446

-69.13%

Water (1.5 liter bottle)

$0.55 ฿18.24

$1.76 ISK 215

-68.75%

Cigarettes 20 Pack (Marlboro, Camel)

$4.26 ฿142

$13.96 ISK 1,700

-69.48%

Wine (Bottle)

$19.09 ฿637

$23.46 ISK 2,858

-18.63%

Local Beer (0.5 liter bottle)

$1.78 ฿59.4

$3.73 ISK 455

-52.28%

Imported Beer (0.33 liter bottle)

$2.78 ฿92.9

$3.49 ISK 425

-20.34%

One-way Ticket (Public Transport)

$2.23 ฿74.4

$5.55 ISK 676

-59.82%

Public Transport Monthly Pass (Regular Price)

$22.74 ฿759

$94.3 ISK 11.5K

-75.89%

Taxi Start (Normal Tariff)

$3.03 ฿101

$6.56 ISK 799

-53.81%

Taxi (Normal Tariff) (1km)

$1.02 ฿34.15

$2.89 ISK 351

-64.71%

Taxi 1hour Waiting (Normal Tariff)

$3.89 ฿130

$73.8 ISK 8,985

-94.73%

Gasoline (1 liter)

$1.49 ฿49.77

$2.00 ISK 243

-25.50%

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

$26.6K ฿887.3K

$50.6K ISK 6.2M

-47.46%

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

$27.0K ฿902.2K

$54.2K ISK 6.6M

-50.10%

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

$102 ฿3,420

$88.8 ISK 10.8K

15.37%

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

$11.33 ฿378

$32.93 ISK 4,011

-65.59%

Internet (50+ Mbps, Unlimited Data)

$17.40 ฿581

$83.1 ISK 10.1K

-79.06%

Gym Membership (Monthly)

$52.1 ฿1,738

$96.3 ISK 11.7K

-45.92%

Tennis Court (1 Hour on Weekend)

$11.07 ฿370

$49.54 ISK 6,034

-77.65%

Cinema Ticket

$7.69 ฿257

$19.82 ISK 2,414

-61.20%

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

$561 ฿18.7K

$1,213 ISK 147.7K

-53.77%

International Primary School, 1 Child (Yearly)

$11.5K ฿384.1K

$31.2K ISK 3.8M

-63.11%

Jeans (Levis 501 Or Similar)

$63.0 ฿2,104

$156 ISK 19.0K

-59.67%

Summer Dress (H&M, Zara, etc)

$29.52 ฿986

$66.3 ISK 8,076

-55.48%

Sport Shoes (Adidas, Nike)

$98.0 ฿3,272

$178 ISK 21.7K

-45.08%

Men's Leather Business Shoes

$88.5 ฿2,954

$247 ISK 30.1K

-64.15%

1-bedroom Apartment, City Center (Monthly)

$738 ฿24.6K

$2,466 ISK 300.3K

-70.06%

1-bedroom Apartment, Outside City Center (Monthly)

$482 ฿16.1K

$2,078 ISK 253.1K

-76.79%

3-bedroom Apartment, City Center (Monthly)

$2,107 ฿70.3K

$3,438 ISK 418.8K

-38.73%

3-bedroom Apartment, Outside City Center (Monthly)

$1,226 ฿40.9K

$2,764 ISK 336.6K

-55.64%

Buy Apartment in City Center (m2)

$3,617 ฿120.7K

$8,085 ISK 984.8K

-55.26%

Buy Apartment Outside City Center (m2)

$2,603 ฿86.9K

$6,258 ISK 762.2K

-58.40%

Average Monthly Net Salary (After Tax)

$494 ฿16.5K

$4,745 ISK 577.9K

-89.60%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.57

8.88

-37.27%

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

Last update for Phuket: September 15, 2026

Last update for Reykjavik: September 13, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $738 in Phuket and $2,466 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 861% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $32.00 in Phuket vs $134 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $274 vs $627 per month, with Phuket cheaper across the board.

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 Reykjavik: Cost of Living - Frequently Asked Questions

Phuket is cheaper overall, especially in Groceries & Markets, Clothing & Footwear, Eating Out, Sport & Entertainment, Getting Around. The 229% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 861% lower in Reykjavik. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $738 in Phuket versus $2,466 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $561 in Phuket versus $1,213 in Reykjavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 129% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

At $1,232 in Phuket versus $4,054 in Reykjavik, a $1,500 budget is realistic in Phuket but tight or insufficient in Reykjavik. The gap between the two cities makes Phuket the clear choice for anyone on this budget.

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

Safety-wise, Phuket and Reykjavik 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 Phuket gentler on the wallet – expenses run 229% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.