Last update: Oct 2026

Cost of Living Comparison Between Puerto Varas and Reykjavik

For one person, living is cheaper in Puerto Varas: $1,130 a month against $4,002 in Reykjavik, rent and utilities included – about $34,500 less a year. Rent and utilities account for about half of the difference.

52

Cost of Living Index in Puerto Varas
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Puerto Varas Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Puerto Varas

🇨🇱 Chile

$1,130

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,130 in Puerto Varas versus $4,002 in Reykjavik.

Puerto Varas $1,130
Reykjavik $4,002

Estimated couple costs with rent: $1,624 in Puerto Varas versus $5,705 in Reykjavik.

Puerto Varas $1,624
Reykjavik $5,705

Monthly costs for a family of three with rent: $2,118 in Puerto Varas versus $7,407 in Reykjavik.

Puerto Varas $2,118
Reykjavik $7,407

Living in Puerto Varas costs roughly 72% less than in Reykjavik, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Puerto Varas is 16% below, Reykjavik is 196% above.

Meal at Budget Restaurant

$12.47 CLP 12.3K

$31.56 ISK 3,828

-60.49%

Three-Course Dinner for Two, Mid-Range

$41.05 CLP 40.4K

$122 ISK 14.8K

-66.45%

Fast Food Meal (McDonalds, etc)

$7.58 CLP 7,462

$26.86 ISK 3,258

-71.78%

Cappuccino

$3.28 CLP 3,231

$6.81 ISK 827

-51.84%

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

$0.99 CLP 977

$3.39 ISK 411

-70.80%

Water (0.33 liter bottle)

$0.80 CLP 785

$3.20 ISK 388

-75.00%

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)

$1.09 CLP 1,077

$2.10 ISK 255

-48.10%

White Bread (500g)

$1.86 CLP 1,830

$4.19 ISK 508

-55.61%

Rice (white) (1kg)

$1.61 CLP 1,582

$3.72 ISK 451

-56.72%

Eggs

$3.11 CLP 3,062

$7.05 ISK 856

-55.89%

Local Cheese (1kg)

$8.61 CLP 8,476

$21.56 ISK 2,615

-60.06%

Chicken Fillets (1kg)

$4.68 CLP 4,609

$24.68 ISK 2,993

-81.04%

Beef Round Steak (1kg)

$8.50 CLP 8,372

$42.19 ISK 5,117

-79.85%

Apples (1kg)

$1.78 CLP 1,751

$3.23 ISK 392

-44.89%

Banana (1kg)

$1.95 CLP 1,922

$2.73 ISK 331

-28.57%

Oranges (1kg)

$2.61 CLP 2,565

$3.17 ISK 384

-17.67%

Tomato (1kg)

$1.89 CLP 1,862

$6.61 ISK 802

-71.41%

Potato (1kg)

$1.50 CLP 1,480

$3.85 ISK 467

-61.04%

Onion (1kg)

$1.25 CLP 1,230

$1.66 ISK 201

-24.70%

Lettuce (1 head)

$1.32 CLP 1,296

$3.80 ISK 461

-65.26%

Water (1.5 liter bottle)

$1.13 CLP 1,117

$1.75 ISK 212

-35.43%

Cigarettes 20 Pack (Marlboro, Camel)

$4.96 CLP 4,884

$13.71 ISK 1,662

-63.82%

Wine (Bottle)

$4.63 CLP 4,557

$24.21 ISK 2,937

-80.88%

Local Beer (0.5 liter bottle)

$1.40 CLP 1,379

$3.53 ISK 428

-60.34%

Imported Beer (0.33 liter bottle)

$1.25 CLP 1,226

$3.32 ISK 402

-62.35%

One-way Ticket (Public Transport)

$1.10 CLP 1,078

$5.75 ISK 697

-80.87%

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)

$2.09 ISK 253

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)

$255 CLP 251.2K

$95.3 ISK 11.6K

167.87%

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

$16.06 CLP 15.8K

$32.35 ISK 3,923

-50.36%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

Gym Membership (Monthly)

$30.89 CLP 30.4K

$102 ISK 12.4K

-69.67%

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)

$488 CLP 480.6K

$1,194 ISK 144.8K

-59.11%

International Primary School, 1 Child (Yearly)

$6,137 CLP 6.0M

$25.4K ISK 3.1M

-75.85%

Jeans (Levis 501 Or Similar)

$20.37 CLP 20.1K

$149 ISK 18.1K

-86.33%

Summer Dress (H&M, Zara, etc)

$15.32 CLP 15.1K

$66.6 ISK 8,080

-77.00%

Sport Shoes (Adidas, Nike)

$61.1 CLP 60.1K

$180 ISK 21.8K

-66.04%

Men's Leather Business Shoes

$253 ISK 30.7K

1-bedroom Apartment, City Center (Monthly)

$623 CLP 612.8K

$2,549 ISK 309.2K

-75.58%

1-bedroom Apartment, Outside City Center (Monthly)

$402 CLP 396.0K

$2,056 ISK 249.4K

-80.43%

3-bedroom Apartment, City Center (Monthly)

$819 CLP 805.9K

$3,498 ISK 424.2K

-76.59%

3-bedroom Apartment, Outside City Center (Monthly)

$619 CLP 609.7K

$2,764 ISK 335.2K

-77.59%

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)

$532 CLP 523.5K

$4,573 ISK 554.6K

-88.37%

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 Varas: October 12, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Puerto Varas

$402 35.6%

Reykjavik

$2.1K 51.4% 411% $1.7K

Monthly Utilities & Internet

Puerto Varas

$271 * 24%

Reykjavik

$215 5.4% 20.7% $56

Groceries & Markets

Puerto Varas

$208 18.4%

Reykjavik

$623 15.6% 199% $414

Eating Out

Puerto Varas

$169 * 15%

Reykjavik

$536 13.4% 217% $367

Clothing & Footwear

Puerto Varas

$44 * 3.9%

Reykjavik

$292 7.3% 571% $248

Sport & Entertainment

Puerto Varas

$31 * 2.7%

Reykjavik

$142 3.5% 359% $111

Getting Around

Puerto Varas

$4.4 * 0.4%

Reykjavik

$138 3.5% 3049% $134

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

Cost Breakdown

A one-bedroom apartment in the center runs $623 in Puerto Varas and $2,549 in Reykjavik. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 760% 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: $41.00 in Puerto Varas vs $122 in Reykjavik for a mid-range dinner for two. Groceries echo the gap at $208 vs $623 per month, with Puerto Varas cheaper across the board.

Good to know

🇨🇱 Puerto Varas

🇮🇸 Reykjavik

🕒 Local time

23:43 11:43 PM

02:43 2:43 AM

3 h ahead of Puerto Varas

🌤 Weather

👥 Population

41,255

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 18, 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 18, 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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Highest

Between locations

Puerto Varas Reykjavik 12,550 km ≈ 16 h nonstop flight

From you

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

Puerto Varas wins on cost – living expenses run 254% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Puerto Varas the obvious pick if budget is a priority.

On paper, salaries run 760% 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: $623 in Puerto Varas versus $2,549 in Reykjavik. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 199% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,130 per month in Puerto Varas versus $4,002 in Reykjavik – a 254% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,130 in Puerto Varas versus $4,002 in Reykjavik, a $1,000 budget is realistic in Puerto Varas but tight or insufficient in Reykjavik. The gap between the two cities makes Puerto Varas the clear choice for anyone on this budget.

Both work as nomad bases, but Puerto Varas delivers better value – similar infrastructure at $1,130 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Puerto Varas hard to pass up.

Safety-wise, Puerto Varas 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 Puerto Varas gentler on the wallet – expenses run 254% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.