Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Ancud

For one person, living is cheaper in Ancud: $226 a month against $4,002 in Reykjavik, rent and utilities included – about $45,300 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
50

Cost of Living Index in Ancud
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Ancud Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Ancud

🇨🇱 Chile

$226

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Ancud

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 Ancud actually costs, broken down by who's living it.

Monthly costs for one person with rent: $4,002 in Reykjavik versus $226 in Ancud.

Reykjavik $4,002
Ancud $226

Estimated couple costs with rent: $5,705 in Reykjavik versus $434 in Ancud.

Reykjavik $5,705
Ancud $434

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $641 in Ancud.

Reykjavik $7,407
Ancud $641

Living in Reykjavik is roughly 1668% more expensive than in Ancud, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 196% above, Ancud is 83% below.

Meal at Budget Restaurant

$31.56 ISK 3,828

$10.38 CLP 10.2K

204.05%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$25.83 CLP 25.4K

373.67%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$6.09 CLP 5,991

341.05%

Cappuccino

$6.81 ISK 827

$2.61 CLP 2,567

160.92%

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

$3.39 ISK 411

$0.63 CLP 624

438.10%

Water (0.33 liter bottle)

$3.20 ISK 388

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)

$2.10 ISK 255

$0.62 CLP 613

238.71%

White Bread (500g)

$4.19 ISK 508

$2.20 CLP 2,164

90.45%

Rice (white) (1kg)

$3.72 ISK 451

$0.69 CLP 677

439.13%

Eggs

$7.05 ISK 856

$1.88 CLP 1,855

275.00%

Local Cheese (1kg)

$21.56 ISK 2,615

Chicken Fillets (1kg)

$24.68 ISK 2,993

$3.04 CLP 2,992

711.84%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$12.50 CLP 12.3K

237.52%

Apples (1kg)

$3.23 ISK 392

Banana (1kg)

$2.73 ISK 331

Oranges (1kg)

$3.17 ISK 384

Tomato (1kg)

$6.61 ISK 802

Potato (1kg)

$3.85 ISK 467

Onion (1kg)

$1.66 ISK 201

Lettuce (1 head)

$3.80 ISK 461

Water (1.5 liter bottle)

$1.75 ISK 212

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

Wine (Bottle)

$24.21 ISK 2,937

Local Beer (0.5 liter bottle)

$3.53 ISK 428

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

One-way Ticket (Public Transport)

$5.75 ISK 697

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)

$95.3 ISK 11.6K

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

$32.35 ISK 3,923

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

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)

$1,194 ISK 144.8K

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)

$2,549 ISK 309.2K

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 Reykjavik: October 12, 2026

Last update for Ancud: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Ancud

- * 0% 100%

Groceries & Markets

Reykjavik

$623 15.6%

Ancud

$91 * 40.3% 85.4% $531

Eating Out

Reykjavik

$536 13.4%

Ancud

$135 * 59.7% 74.8% $401

Clothing & Footwear

Reykjavik

$292 7.3%

Ancud

- * 0% 100%

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Ancud

- * 0% 100%

Sport & Entertainment

Reykjavik

$142 3.5%

Ancud

- * 0% 100%

Getting Around

Reykjavik

$138 3.5%

Ancud

- * 0% 100%

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

Cost Breakdown

Dining out: $122 in Reykjavik vs $26.00 in Ancud for a mid-range dinner for two. Groceries echo the gap at $623 vs $91.0 per month, with Ancud cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇨🇱 Ancud

🕒 Local time

19:58 7:58 PM

16:58 4:58 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

28,162

💱 Currency

Icelandic Króna ISK kr

Chilean Peso CLP $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 EUR

Exchange rates and currency converter

CLP, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 17, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Chilean Peso exchange rates as of October 17, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Ancud 12,630 km ≈ 16 h nonstop flight

From you

Reykjavik
Ancud

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 Ancud: Cost of Living - Frequently Asked Questions

Ancud is cheaper overall, especially in groceries, eating out, and clothing. The 1668% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $6,003 in Reykjavik and $340 in Ancud 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 583% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Ancud – a meal for two runs $26.00 versus $122 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

At $226 in Ancud versus $4,002 in Reykjavik, a $1,500 budget is realistic in Ancud but tight or insufficient in Reykjavik. The gap between the two cities makes Ancud the clear choice for anyone on this budget.

For families, Ancud 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, Reykjavik and Ancud 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 Ancud gentler on the wallet – expenses run 1668% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.