Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Alfenas

For one person, living is cheaper in Alfenas: $802 a month against $4,002 in Reykjavik, rent and utilities included – about $38,400 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
38

Cost of Living Index in Alfenas
Learn more

Alfenas Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Alfenas

🇧🇷 Brazil

$802

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Alfenas

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

A single person spends $4,002 per month in Reykjavik vs $802 in Alfenas, rent included.

Reykjavik $4,002
Alfenas $802

A couple spends around $5,705 per month in Reykjavik vs $1,413 in Alfenas, rent included.

Reykjavik $5,705
Alfenas $1,413

A family of three spends $7,407 per month in Reykjavik vs $2,024 in Alfenas, rent included.

Reykjavik $7,407
Alfenas $2,024

Reykjavik costs about 399% more than Alfenas, and outside of rent the biggest gap is in eating out.

Reykjavik sits 196% above the global median, while Alfenas is 41% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$3.97 R$20.11

694.96%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$30.04 R$152

307.29%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$6.10 R$30.94

340.33%

Cappuccino

$6.81 ISK 827

$0.98 R$4.98

594.90%

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

$3.39 ISK 411

$0.59 R$2.98

474.58%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.59 R$2.98

442.37%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$2.43 R$12.31

481.89%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$2.93 R$14.84

320.14%

Milk (1 liter)

$2.10 ISK 255

$1.18 R$6.00

77.97%

White Bread (500g)

$4.19 ISK 508

$1.90 R$9.65

120.53%

Rice (white) (1kg)

$3.72 ISK 451

$1.48 R$7.51

151.35%

Eggs

$7.05 ISK 856

$2.93 R$14.86

140.61%

Local Cheese (1kg)

$21.56 ISK 2,615

$12.64 R$64.1

70.57%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$5.37 R$27.23

359.59%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$10.68 R$54.1

295.04%

Apples (1kg)

$3.23 ISK 392

$2.76 R$13.99

17.03%

Banana (1kg)

$2.73 ISK 331

$1.87 R$9.49

45.99%

Oranges (1kg)

$3.17 ISK 384

$1.57 R$7.94

101.91%

Tomato (1kg)

$6.61 ISK 802

$2.08 R$10.55

217.79%

Potato (1kg)

$3.85 ISK 467

$1.39 R$7.05

176.98%

Onion (1kg)

$1.66 ISK 201

$1.31 R$6.65

26.72%

Lettuce (1 head)

$3.80 ISK 461

$1.31 R$6.65

190.08%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.94 R$4.77

86.17%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$2.04 R$10.33

572.06%

Wine (Bottle)

$24.21 ISK 2,937

$10.07 R$51.1

140.42%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.86 R$9.45

89.78%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.48 R$12.58

33.87%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.87 R$4.40

560.92%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$49.82 R$253

88.30%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.76 R$8.90

275.57%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.02 R$5.18

184.31%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$10.40 R$52.7

661.15%

Gasoline (1 liter)

$2.09 ISK 253

$1.29 R$6.54

62.02%

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

$51.0K ISK 6.2M

$24.4K R$123.9K

108.76%

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

$53.3K ISK 6.5M

$29.9K R$151.6K

78.17%

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

$95.3 ISK 11.6K

$60.7 R$308

56.86%

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

$32.35 ISK 3,923

$16.86 R$85.5

91.87%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$19.97 R$101

338.36%

Gym Membership (Monthly)

$102 ISK 12.4K

$29.16 R$148

249.31%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$29.13 R$148

71.92%

Cinema Ticket

$19.88 ISK 2,412

$7.21 R$36.57

175.73%

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

$1,194 ISK 144.8K

$582 R$2,953

105.00%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$16.7K R$84.6K

52.31%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$65.0 R$330

129.14%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$62.5 R$317

6.54%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$102 R$516

76.61%

Men's Leather Business Shoes

$253 ISK 30.7K

$93.0 R$472

172.24%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$349 R$1,770

630.05%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$126 R$640

1529.14%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$663 R$3,359

427.86%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$473 R$2,398

484.35%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$1,464 R$7,422

454.63%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,302 R$6,600

380.35%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$511 R$2,589

795.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.68

-24.57%

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

Last update for Reykjavik: October 12, 2026

Last update for Alfenas: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Alfenas

$126 15.7% 93.9% $1.9K

Groceries & Markets

Reykjavik

$623 15.6%

Alfenas

$245 30.5% 60.7% $378

Eating Out

Reykjavik

$536 13.4%

Alfenas

$85 10.5% 84.2% $452

Clothing & Footwear

Reykjavik

$292 7.3%

Alfenas

$145 18.1% 50.3% $147

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Alfenas

$98 12.2% 54.7% $118

Sport & Entertainment

Reykjavik

$142 3.5%

Alfenas

$44 5.4% 69.2% $98

Getting Around

Reykjavik

$138 3.5%

Alfenas

$60 7.5% 56.4% $78

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $349 in Alfenas. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 795% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $122 in Reykjavik versus $30.00 in Alfenas. Monthly groceries follow the same trend: $623 vs $245 – making Alfenas the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇧🇷 Alfenas

🕒 Local time

06:07 6:07 AM

03:07 3:07 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

78,970

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

Exchange rates and currency converter

BRL, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

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).

Brazilian Real exchange rates as of October 18, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Alfenas 9,740 km ≈ 13 h nonstop flight

From you

Reykjavik
Alfenas

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

Reykjavik vs Alfenas: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,002 in Reykjavik, $802 in Alfenas – roughly 399% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $1,203 in Alfenas. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Alfenas, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 154% more in Reykjavik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $122 in Reykjavik and $30.00 in Alfenas. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Alfenas, where all-in costs run around $802, than in Reykjavik at $4,002. In Alfenas it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $802 in Alfenas to $4,002 in Reykjavik. Climate, culture, job market, and personal taste all factor in.

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 Alfenas. 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.