Last update: Oct 2026

Cost of Living Comparison Between Puerto Montt and Reykjavik

For one person, living is cheaper in Puerto Montt: $453 a month against $4,002 in Reykjavik, rent and utilities included – about $42,600 less a year. Rent and utilities account for most of the difference.

50

Cost of Living Index in Puerto Montt
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Puerto Montt Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Puerto Montt

🇨🇱 Chile

$453

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

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

A single person spends $453 per month in Puerto Montt vs $4,002 in Reykjavik, rent included.

Puerto Montt $453
Reykjavik $4,002

A couple spends around $758 per month in Puerto Montt vs $5,705 in Reykjavik, rent included.

Puerto Montt $758
Reykjavik $5,705

A family of three spends $1,064 per month in Puerto Montt vs $7,407 in Reykjavik, rent included.

Puerto Montt $1,064
Reykjavik $7,407

Puerto Montt is about 89% cheaper than Reykjavik, and outside of rent the biggest gap is in eating out.

Puerto Montt sits 66% below the global median, while Reykjavik is 196% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$8.01 CLP 7,886

$31.56 ISK 3,828

-74.62%

Three-Course Dinner for Two, Mid-Range

$36.02 CLP 35.5K

$122 ISK 14.8K

-70.56%

Fast Food Meal (McDonalds, etc)

$7.23 CLP 7,112

$26.86 ISK 3,258

-73.08%

Cappuccino

$2.74 CLP 2,697

$6.81 ISK 827

-59.77%

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

$0.96 CLP 944

$3.39 ISK 411

-71.68%

Water (0.33 liter bottle)

$0.93 CLP 918

$3.20 ISK 388

-70.94%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

Milk (1 liter)

$1.14 CLP 1,121

$2.10 ISK 255

-45.71%

White Bread (500g)

$2.49 CLP 2,456

$4.19 ISK 508

-40.57%

Rice (white) (1kg)

$1.47 CLP 1,448

$3.72 ISK 451

-60.48%

Eggs

$3.21 CLP 3,162

$7.05 ISK 856

-54.47%

Local Cheese (1kg)

$11.41 CLP 11.2K

$21.56 ISK 2,615

-47.08%

Chicken Fillets (1kg)

$5.69 CLP 5,598

$24.68 ISK 2,993

-76.94%

Beef Round Steak (1kg)

$6.85 CLP 6,744

$42.19 ISK 5,117

-83.76%

Apples (1kg)

$1.04 CLP 1,021

$3.23 ISK 392

-67.80%

Banana (1kg)

$1.35 CLP 1,326

$2.73 ISK 331

-50.55%

Oranges (1kg)

$2.70 CLP 2,659

$3.17 ISK 384

-14.83%

Tomato (1kg)

$1.82 CLP 1,788

$6.61 ISK 802

-72.47%

Potato (1kg)

$3.85 ISK 467

Onion (1kg)

$1.56 CLP 1,536

$1.66 ISK 201

-6.02%

Lettuce (1 head)

$1.32 CLP 1,296

$3.80 ISK 461

-65.26%

Water (1.5 liter bottle)

$1.46 CLP 1,438

$1.75 ISK 212

-16.57%

Cigarettes 20 Pack (Marlboro, Camel)

$4.55 CLP 4,482

$13.71 ISK 1,662

-66.81%

Wine (Bottle)

$5.68 CLP 5,588

$24.21 ISK 2,937

-76.54%

Local Beer (0.5 liter bottle)

$1.39 CLP 1,368

$3.53 ISK 428

-60.62%

Imported Beer (0.33 liter bottle)

$1.54 CLP 1,519

$3.32 ISK 402

-53.61%

One-way Ticket (Public Transport)

$0.89 CLP 875

$5.75 ISK 697

-84.52%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

Gasoline (1 liter)

$1.30 CLP 1,282

$2.09 ISK 253

-37.80%

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

$51.0K ISK 6.2M

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

$53.3K ISK 6.5M

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

$62.0 CLP 61.0K

$95.3 ISK 11.6K

-34.96%

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

$11.06 CLP 10.9K

$32.35 ISK 3,923

-65.81%

Internet (50+ Mbps, Unlimited Data)

$31.03 CLP 30.5K

$87.5 ISK 10.6K

-64.55%

Gym Membership (Monthly)

$102 ISK 12.4K

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$19.88 ISK 2,412

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

$145 CLP 142.5K

$1,194 ISK 144.8K

-87.88%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

Men's Leather Business Shoes

$253 ISK 30.7K

1-bedroom Apartment, City Center (Monthly)

$502 CLP 494.6K

$2,549 ISK 309.2K

-80.29%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

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 Puerto Montt: October 13, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Groceries & Markets

Puerto Montt

$219 * 48.3%

Reykjavik

$623 15.6% 185% $404

Eating Out

Puerto Montt

$126 * 27.9%

Reykjavik

$536 13.4% 325% $410

Monthly Utilities & Internet

Puerto Montt

$104 23%

Reykjavik

$215 5.4% 107% $111

Getting Around

Puerto Montt

$3.6 * 0.8%

Reykjavik

$138 3.5% 3785% $134

Sport & Entertainment

Puerto Montt

- * 0%

Reykjavik

$142 3.5%

Clothing & Footwear

Puerto Montt

- * 0%

Reykjavik

$292 7.3%

Accommodation & Living

Puerto Montt

- * 0%

Reykjavik

$2.1K 51.4%

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

Cost Breakdown

A central one-bedroom costs $502 in Puerto Montt versus $2,549 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 $36.00 in Puerto Montt versus $122 in Reykjavik. Monthly groceries follow the same trend: $219 vs $623 – making Puerto Montt the more affordable choice for daily food spending.

Good to know

🇨🇱 Puerto Montt

🇮🇸 Reykjavik

🕒 Local time

21:54 9:54 PM

00:54 12:54 AM

3 h ahead of Puerto Montt

🌤 Weather

👥 Population

169,736

136,894 Capital

💱 Currency

Chilean Peso CLP $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to CLP – Chilean Peso Converter

🇺🇸 United States Dollar ($)

🇨🇱 Chilean Peso ($)

Chilean Peso exchange rates as of October 19, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to CLP in detail →

On the map

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Between locations

Puerto Montt Reykjavik 12,560 km ≈ 16 h nonstop flight

From you

Puerto Montt
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

Puerto Montt vs Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 784% more than Puerto Montt, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $679 per month in Puerto Montt and $6,003 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Puerto Montt, 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 $453 in Puerto Montt and $4,002 in Reykjavik. That's a gap of about 784%.

Kindergarten costs $145 per month in Puerto Montt and $1,194 in Reykjavik. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Puerto Montt, where all-in costs run around $453, than in Reykjavik at $4,002. In Puerto Montt it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Puerto Montt costs $453 versus $4,002 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 Puerto Montt. 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.