Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Argentina

For one person, living is cheaper in Argentina: $1,340 a month against $4,037 in Reykjavik, rent and utilities included – about $32,400 less a year. Rent and utilities account for most of the difference.

Jump to prices
Reykjavik
🇮🇸 Iceland
$4,037
/mo nomad
🇦🇷 Argentina
$1,340
/mo nomad
😐 Solo nomad: Reykjavik is 123.4% more expensive than Argentina without rent, and 201.2% more expensive with rent.
😐 Family of 3: Reykjavik is 129.9% more expensive than Argentina without rent, and 138.1% more expensive with rent.
Currency
🍽 Eating Out
Reykjavik
Argentina
Difference
Meal at Budget Restaurant
$30.59 ISK 3,730
$14.41 ARS 21.9K
112.28%
Three-Course Dinner for Two, Mid-Range
$136 ISK 16.5K
$54.1 ARS 82.0K
150.67%
Fast Food Meal (McDonalds, etc)
$27.08 ISK 3,302
$13.04 ARS 19.8K
107.67%
Cappuccino
$6.72 ISK 819
$3.51 ARS 5,325
91.45%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$3.27 ISK 399
$2.18 ARS 3,305
50.00%
Water (0.33 liter bottle)
$3.16 ISK 386
$1.60 ARS 2,424
97.50%
Local Beer (0.5 liter draught)
$13.91 ISK 1,696
$3.68 ARS 5,587
277.99%
Imported Beer (0.33 liter bottle)
$12.06 ISK 1,470
$4.04 ARS 6,133
198.51%
🛒 Groceries & Markets
Reykjavik
Argentina
Difference
Milk (1 liter)
$2.04 ISK 248
$1.36 ARS 2,062
50.00%
White Bread (500g)
$4.32 ISK 527
$2.31 ARS 3,505
87.01%
Rice (white) (1kg)
$3.67 ISK 447
$1.82 ARS 2,760
101.65%
Eggs
$7.02 ISK 856
$2.64 ARS 3,999
165.91%
Local Cheese (1kg)
$22.01 ISK 2,684
$10.22 ARS 15.5K
115.36%
Chicken Fillets (1kg)
$24.70 ISK 3,012
$8.49 ARS 12.9K
190.93%
Beef Round Steak (1kg)
$42.66 ISK 5,202
$11.71 ARS 17.8K
264.30%
Apples (1kg)
$3.37 ISK 412
$2.51 ARS 3,809
34.26%
Banana (1kg)
$2.85 ISK 347
$2.08 ARS 3,155
37.02%
Oranges (1kg)
$3.17 ISK 387
$1.39 ARS 2,112
128.06%
Tomato (1kg)
$6.39 ISK 779
$2.32 ARS 3,524
175.43%
Potato (1kg)
$4.01 ISK 489
$1.15 ARS 1,738
248.70%
Onion (1kg)
$1.64 ISK 200
$1.10 ARS 1,665
49.09%
Lettuce (1 head)
$3.80 ISK 463
$1.54 ARS 2,339
146.75%
Water (1.5 liter bottle)
$1.74 ISK 212
$1.58 ARS 2,390
10.13%
Cigarettes 20 Pack (Marlboro, Camel)
$13.80 ISK 1,682
$3.95 ARS 5,988
249.37%
Wine (Bottle)
$23.38 ISK 2,851
$5.02 ARS 7,616
365.74%
Local Beer (0.5 liter bottle)
$3.53 ISK 430
$1.90 ARS 2,882
85.79%
Imported Beer (0.33 liter bottle)
$3.45 ISK 420
$2.94 ARS 4,455
17.35%
🚌 Getting Around
Reykjavik
Argentina
Difference
One-way Ticket (Public Transport)
$5.77 ISK 704
$1.03 ARS 1,557
460.19%
Public Transport Monthly Pass (Regular Price)
$95.1 ISK 11.6K
$28.86 ARS 43.8K
229.66%
Taxi Start (Normal Tariff)
$6.63 ISK 808
$1.63 ARS 2,467
306.75%
Taxi (Normal Tariff) (1km)
$2.79 ISK 341
$0.99 ARS 1,500
181.82%
Taxi 1hour Waiting (Normal Tariff)
$81.4 ISK 9,923
$7.51 ARS 11.4K
983.49%
Gasoline (1 liter)
$2.11 ISK 257
$1.22 ARS 1,851
72.95%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$50.8K ISK 6.2M
$26.9K ARS 40.7M
89.17%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$52.7K ISK 6.4M
$33.0K ARS 50.0M
60.00%
🧾 Monthly Utilities & Internet
Reykjavik
Argentina
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$88.7 ISK 10.8K
$145 ARS 219.8K
-38.81%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$31.53 ISK 3,845
$17.76 ARS 26.9K
77.53%
Internet (50+ Mbps, Unlimited Data)
$84.6 ISK 10.3K
$26.56 ARS 40.3K
218.67%
🎉 Sport & Entertainment
Reykjavik
Argentina
Difference
Gym Membership (Monthly)
$100 ISK 12.2K
$35.19 ARS 53.4K
185.25%
Tennis Court (1 Hour on Weekend)
$48.20 ISK 5,877
$18.46 ARS 28.0K
161.11%
Cinema Ticket
$19.87 ISK 2,424
$9.89 ARS 15.0K
100.91%
🧸 Childcare & Education
Reykjavik
Argentina
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$1,277 ISK 155.8K
$336 ARS 509.7K
280.10%
International Primary School, 1 Child (Yearly)
$31.0K ISK 3.8M
$6,222 ARS 9.4M
397.40%
👕👟 Clothing & Footwear
Reykjavik
Argentina
Difference
Jeans (Levis 501 Or Similar)
$161 ISK 19.6K
$111 ARS 167.7K
45.51%
Summer Dress (H&M, Zara, etc)
$64.9 ISK 7,914
$86.7 ARS 131.4K
-25.10%
Sport Shoes (Adidas, Nike)
$183 ISK 22.3K
$121 ARS 184.1K
50.48%
Men's Leather Business Shoes
$254 ISK 31.0K
$120 ARS 181.8K
111.73%
🏠 Accommodation & Living
Reykjavik
Argentina
Difference
1-bedroom Apartment, City Center (Monthly)
$2,499 ISK 304.8K
$550 ARS 833.5K
354.73%
1-bedroom Apartment, Outside City Center (Monthly)
$2,000 ISK 243.9K
$371 ARS 562.6K
439.10%
3-bedroom Apartment, City Center (Monthly)
$3,452 ISK 421.0K
$1,071 ARS 1.6M
222.20%
3-bedroom Apartment, Outside City Center (Monthly)
$2,742 ISK 334.4K
$818 ARS 1.2M
235.45%
Buy Apartment in City Center (m2)
$8,001 ISK 975.7K
$2,245 ARS 3.4M
256.40%
Buy Apartment Outside City Center (m2)
$6,249 ISK 762.1K
$1,477 ARS 2.2M
323.07%
💵 Salaries & Financials
Reykjavik
Argentina
Difference
Average Monthly Net Salary (After Tax)
$4,691 ISK 572.0K
$783 ARS 1.2M
499.32%
20-Year Fixed Mortgage Interest Rate (Annual %)
8.81
58.21
-84.87%

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

Last update for Reykjavik: October 4, 2026

Last update for Argentina: October 5, 2026

Monthly budget structure
Share of the monthly basket for one person, rent included.
Accommodation & Living
Reykjavik
$2K
Argentina
$371 81.5% $1.6K
Groceries & Markets
Reykjavik
$625
Argentina
$261 58.2% $364
Eating Out
Reykjavik
$526
Argentina
$238 54.7% $288
Clothing & Footwear
Reykjavik
$298
Argentina
$197 33.8% $101
Monthly Utilities & Internet
Reykjavik
$205
Argentina
$189 7.6% $16
Sport & Entertainment
Reykjavik
$140
Argentina
$55 60.8% $85
Getting Around
Reykjavik
$139
Argentina
$40 71.5% $99
Good to know
🇮🇸 Reykjavik
🇦🇷 Argentina
🕒 Local time
10:36 10:36 AM
07:36 7:36 AM
3 h behind Reykjavik
🌤 Weather
👥 Population
136,894 Capital
47,327,407
💱 Currency
Icelandic Króna ISK kr
Argentine Peso ARS $
📈 Exchange rate
1,000 ISK = 8.2 USD
1,000 ISK = 7.32 EUR
10,000 ARS = 6.59 USD
10,000 ARS = 5.88 EUR
Exchange rates and currency converter

ARS, USD, EUR to ISK – Icelandic Króna Converter

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

Argentine Peso exchange rates as of October 10, 2026: 1 USD = 1,517 ARS (10,000 ARS = 6.59 USD). 1 EUR = 1,699 ARS (10,000 ARS = 5.88 EUR).

USD to ISK in detail →
On the map
Between locations
  • Reykjavik Argentina 11,440 km ≈ 15 h nonstop flight
From you
  • Reykjavik
  • Argentina

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 other spots: cost of living compared

Reykjavik
🇮🇸 Iceland
$4,037
/mo nomad
Lisbon
🇵🇹 Portugal
$2,203
/mo nomad
Reykjavik
🇮🇸 Iceland
$4,037
/mo nomad
Chiang Mai
🇹🇭 Thailand
$906
/mo nomad
Reykjavik
🇮🇸 Iceland
$4,037
/mo nomad
Mexico City
🇲🇽 Mexico
$1,561
/mo nomad
Reykjavik
🇮🇸 Iceland
$4,037
/mo nomad
Ubud, Bali
🇮🇩 Indonesia
$1,348
/mo nomad
Show more

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