Last update: Nov 2026

Cost of Living Comparison Between Reykjahlid and Austin, TX

For one person, living is cheaper in Reykjahlid: $181 a month against $2,689 in Austin, TX, rent and utilities included – about $30,100 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Austin, TX
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Austin, TX Living Index

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Reykjahlid

🇮🇸 Iceland

$181

/mo nomad

Austin, TX

🇺🇸 United States

$2,689

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjahlid and in Austin, TX

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

Monthly costs for one person with rent: $181 in Reykjahlid versus $2,689 in Austin, TX.

Reykjahlid $181
Austin, TX $2,689

Estimated couple costs with rent: $265 in Reykjahlid versus $4,112 in Austin, TX.

Reykjahlid $265
Austin, TX $4,112

Monthly costs for a family of three with rent: $349 in Reykjahlid versus $5,534 in Austin, TX.

Reykjahlid $349
Austin, TX $5,534

Living in Reykjahlid costs roughly 93% less than in Austin, TX, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjahlid is 87% below, Austin, TX is 99% above.

Meal at Budget Restaurant

$21.34 $21.34

Three-Course Dinner for Two, Mid-Range

$87.9 $87.9

Fast Food Meal (McDonalds, etc)

$12.44 $12.44

Cappuccino

$6.26 ISK 760

$5.60 $5.60

11.79%

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

$3.65 $3.65

Water (0.33 liter bottle)

$2.39 $2.39

Local Beer (0.5 liter draught)

$11.76 ISK 1,429

$7.82 $7.82

50.38%

Imported Beer (0.33 liter bottle)

$11.82 ISK 1,437

$8.75 $8.75

35.09%

Milk (1 liter)

$2.32 ISK 281

$1.12 $1.12

107.14%

White Bread (500g)

$3.62 $3.62

Rice (white) (1kg)

$3.50 $3.50

Eggs

$4.45 $4.45

Local Cheese (1kg)

$13.18 $13.18

Chicken Fillets (1kg)

$13.94 $13.94

Beef Round Steak (1kg)

$16.46 $16.46

Apples (1kg)

$4.73 $4.73

Banana (1kg)

$1.50 $1.50

Oranges (1kg)

$4.64 $4.64

Tomato (1kg)

$4.52 $4.52

Potato (1kg)

$2.55 $2.55

Onion (1kg)

$2.39 $2.39

Lettuce (1 head)

$1.84 $1.84

Water (1.5 liter bottle)

$2.13 $2.13

Cigarettes 20 Pack (Marlboro, Camel)

$10.05 $10.05

Wine (Bottle)

$14.88 $14.88

Local Beer (0.5 liter bottle)

$2.82 $2.82

Imported Beer (0.33 liter bottle)

$3.29 $3.29

One-way Ticket (Public Transport)

$1.23 $1.23

Public Transport Monthly Pass (Regular Price)

$41.43 $41.43

Taxi Start (Normal Tariff)

$2.68 $2.68

Taxi (Normal Tariff) (1km)

$1.63 $1.63

Taxi 1hour Waiting (Normal Tariff)

$35.20 $35.20

Gasoline (1 liter)

$0.98 $0.98

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

$34.4K $34.4K

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

$26.8K $26.8K

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

$252 $252

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

$59.8 $59.8

Internet (50+ Mbps, Unlimited Data)

$69.7 $69.7

Gym Membership (Monthly)

$60.4 $60.4

Tennis Court (1 Hour on Weekend)

$18.14 $18.14

Cinema Ticket

$13.75 $13.75

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

$1,458 $1,458

International Primary School, 1 Child (Yearly)

$26.6K $26.6K

Jeans (Levis 501 Or Similar)

$52.6 $52.6

Summer Dress (H&M, Zara, etc)

$45.76 $45.76

Sport Shoes (Adidas, Nike)

$85.5 $85.5

Men's Leather Business Shoes

$106 $106

1-bedroom Apartment, City Center (Monthly)

$2,195 $2,195

1-bedroom Apartment, Outside City Center (Monthly)

$1,269 $1,269

3-bedroom Apartment, City Center (Monthly)

$4,000 $4,000

3-bedroom Apartment, Outside City Center (Monthly)

$2,406 $2,406

Buy Apartment in City Center (m2)

$7,381 $7,381

Buy Apartment Outside City Center (m2)

$2,964 $2,964

Average Monthly Net Salary (After Tax)

$5,043 $5,043

20-Year Fixed Mortgage Interest Rate (Annual %)

6.82

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

Last update for Reykjahlid: November 2, 2026

Last update for Austin, TX: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Reykjahlid

–

Austin, TX

$1.3K 47.2%

Groceries & Markets

Reykjahlid

–

Austin, TX

$407 15.2%

Monthly Utilities & Internet

Reykjahlid

–

Austin, TX

$382 14.2%

Eating Out

Reykjahlid

–

Austin, TX

$356 13.2%

Clothing & Footwear

Reykjahlid

–

Austin, TX

$130 4.9%

Sport & Entertainment

Reykjahlid

–

Austin, TX

$88 3.3%

Getting Around

Reykjahlid

–

Austin, TX

$57 2.1%

Good to know

🇮🇸 Reykjahlid

🇺🇸 Austin, TX

🕒 Local time

19:14 7:14 PM

13:14 1:14 PM

6 h behind Reykjahlid

🌤 Weather

👥 Population

300

974,447

💱 Currency

Icelandic Króna ISK kr

United States Dollar USD $

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.33 EUR

1 USD = 0.89 EUR

Exchange rates and currency converter

USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of November 6, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

United States Dollar exchange rates as of November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjahlid Austin, TX 6,550 km ≈ 9 h nonstop flight

From you

Reykjahlid
Austin, TX

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

Reykjahlid vs Austin, TX: Cost of Living - Frequently Asked Questions

Reykjahlid wins on cost – living expenses run 93% lower than in Austin, TX. Housing and daily spending are where you’ll feel the difference most, making Reykjahlid the obvious pick if budget is a priority.

You’d need roughly $271 in Reykjahlid and $4,034 in Austin, TX 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 1659% higher in Austin, TX. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $181 per month in Reykjahlid versus $2,689 in Austin, TX – Reykjahlid is about 93% cheaper, which adds up to real savings over time.

At $181 in Reykjahlid versus $2,689 in Austin, TX, a $1,200 budget is realistic in Reykjahlid but tight or insufficient in Austin, TX. The gap between the two cities makes Reykjahlid 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.