Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Antofagasta

For one person, living is cheaper in Antofagasta: $888 a month against $4,002 in Reykjavik, rent and utilities included – about $37,400 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
43

Cost of Living Index in Antofagasta
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Antofagasta Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Antofagasta

🇨🇱 Chile

$888

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Antofagasta

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

Monthly costs for one person with rent: $4,002 in Reykjavik versus $888 in Antofagasta.

Reykjavik $4,002
Antofagasta $888

Estimated couple costs with rent: $5,705 in Reykjavik versus $1,416 in Antofagasta.

Reykjavik $5,705
Antofagasta $1,416

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $1,944 in Antofagasta.

Reykjavik $7,407
Antofagasta $1,944

Living in Reykjavik is roughly 351% more expensive than in Antofagasta, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 196% above, Antofagasta is 34% below.

Meal at Budget Restaurant

$31.56 ISK 3,828

$7.05 CLP 6,935

347.66%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$35.93 CLP 35.4K

240.52%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$7.29 CLP 7,179

268.45%

Cappuccino

$6.81 ISK 827

$2.57 CLP 2,528

164.98%

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

$3.39 ISK 411

$1.28 CLP 1,264

164.84%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.88 CLP 862

263.64%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$1.51 CLP 1,488

836.42%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$1.79 CLP 1,765

587.71%

Milk (1 liter)

$2.10 ISK 255

$1.07 CLP 1,054

96.26%

White Bread (500g)

$4.19 ISK 508

$1.86 CLP 1,834

125.27%

Rice (white) (1kg)

$3.72 ISK 451

$1.22 CLP 1,199

204.92%

Eggs

$7.05 ISK 856

$2.59 CLP 2,553

172.20%

Local Cheese (1kg)

$21.56 ISK 2,615

$9.02 CLP 8,878

139.02%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$3.31 CLP 3,260

645.62%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$7.72 CLP 7,599

446.50%

Apples (1kg)

$3.23 ISK 392

$2.03 CLP 1,996

59.11%

Banana (1kg)

$2.73 ISK 331

$2.26 CLP 2,223

20.80%

Oranges (1kg)

$3.17 ISK 384

$2.85 CLP 2,809

11.23%

Tomato (1kg)

$6.61 ISK 802

$1.10 CLP 1,081

500.91%

Potato (1kg)

$3.85 ISK 467

$0.88 CLP 864

337.50%

Onion (1kg)

$1.66 ISK 201

$0.78 CLP 772

112.82%

Lettuce (1 head)

$3.80 ISK 461

$1.30 CLP 1,283

192.31%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.12 CLP 1,102

56.25%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$5.29 CLP 5,209

159.17%

Wine (Bottle)

$24.21 ISK 2,937

$5.13 CLP 5,048

371.93%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.35 CLP 1,328

161.48%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$1.01 CLP 992

228.71%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.62 CLP 613

827.42%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

$2.63 CLP 2,584

151.33%

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

$1.34 CLP 1,318

55.97%

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

$17.5K CLP 17.2M

204.37%

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

$95.3 ISK 11.6K

$46.23 CLP 45.5K

106.06%

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

$32.35 ISK 3,923

$9.82 CLP 9,669

229.43%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$12.54 CLP 12.3K

598.09%

Gym Membership (Monthly)

$102 ISK 12.4K

$41.34 CLP 40.7K

146.40%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$25.15 CLP 24.8K

99.13%

Cinema Ticket

$19.88 ISK 2,412

$5.17 CLP 5,086

284.53%

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

$1,194 ISK 144.8K

$255 CLP 250.6K

369.00%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$3,160 CLP 3.1M

704.14%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$39.01 CLP 38.4K

282.03%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$15.18 CLP 14.9K

338.87%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$58.3 CLP 57.4K

208.70%

Men's Leather Business Shoes

$253 ISK 30.7K

$67.7 CLP 66.6K

274.06%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$437 CLP 430.0K

483.53%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$359 CLP 352.9K

473.43%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$811 CLP 798.7K

331.04%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$659 CLP 648.9K

319.23%

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

$711 CLP 700.2K

542.84%

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 Antofagasta: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Antofagasta

$359 40.4% 82.6% $1.7K

Groceries & Markets

Reykjavik

$623 15.6%

Antofagasta

$194 21.8% 68.9% $429

Eating Out

Reykjavik

$536 13.4%

Antofagasta

$129 14.5% 76% $408

Clothing & Footwear

Reykjavik

$292 7.3%

Antofagasta

$81 9.1% 72.2% $211

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Antofagasta

$69 7.7% 68.1% $147

Sport & Entertainment

Reykjavik

$142 3.5%

Antofagasta

$52 5.8% 63.5% $90

Getting Around

Reykjavik

$138 3.5%

Antofagasta

$5.1 * 0.6% 96.3% $133

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 $2,549 in Reykjavik and $437 in Antofagasta. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 543% 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: $122 in Reykjavik vs $36.00 in Antofagasta for a mid-range dinner for two. Groceries echo the gap at $623 vs $194 per month, with Antofagasta cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇨🇱 Antofagasta

🕒 Local time

21:11 9:11 PM

18:11 6:11 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

348,517

💱 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 18, 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 18, 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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Highest

Between locations

Reykjavik Antofagasta 10,620 km ≈ 14 h nonstop flight

From you

Reykjavik
Antofagasta

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 Antofagasta: Cost of Living - Frequently Asked Questions

Antofagasta wins on cost – living expenses run 351% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Antofagasta the obvious pick if budget is a priority.

Average pay runs 543% higher in Reykjavik, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,549 in Reykjavik versus $437 in Antofagasta. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,194 in Reykjavik versus $255 in Antofagasta. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Antofagasta – a meal for two runs $36.00 versus $122 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

At $888 in Antofagasta versus $4,002 in Reykjavik, a $1,000 budget is realistic in Antofagasta but tight or insufficient in Reykjavik. The gap between the two cities makes Antofagasta the clear choice for anyone on this budget.

Both work as nomad bases, but Antofagasta delivers better value – similar infrastructure at $888 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Antofagasta hard to pass up.

Safety-wise, Reykjavik and Antofagasta 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 Antofagasta gentler on the wallet – expenses run 351% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.