Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Artigas

For one person, living is cheaper in Artigas: $47.33 a month against $4,023 in Reykjavik, rent and utilities included – about $47,700 less a year. Rent and utilities account for about half of the difference.

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Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Artigas

🇺🇾 Uruguay

$47.33

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Artigas

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

Monthly costs for one person with rent: $4,023 in Reykjavik versus $47.33 in Artigas.

Reykjavik $4,023
Artigas $47.33

Estimated couple costs with rent: $5,708 in Reykjavik versus $71.0 in Artigas.

Reykjavik $5,708
Artigas $71.0

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $94.7 in Artigas.

Reykjavik $7,393
Artigas $94.7

Living in Reykjavik is roughly 8399% more expensive than in Artigas, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 197% above, Artigas is 97% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

Cappuccino

$6.90 ISK 837

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

$3.30 ISK 401

Water (0.33 liter bottle)

$3.16 ISK 384

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

Milk (1 liter)

$2.06 ISK 250

White Bread (500g)

$4.11 ISK 498

Rice (white) (1kg)

$3.68 ISK 446

Eggs

$7.27 ISK 882

Local Cheese (1kg)

$21.79 ISK 2,643

Chicken Fillets (1kg)

$23.95 ISK 2,905

Beef Round Steak (1kg)

$41.43 ISK 5,025

Apples (1kg)

$3.42 ISK 414

Banana (1kg)

$2.84 ISK 344

Oranges (1kg)

$3.23 ISK 391

Tomato (1kg)

$6.46 ISK 783

Potato (1kg)

$4.05 ISK 491

Onion (1kg)

$1.66 ISK 202

Lettuce (1 head)

$3.86 ISK 468

Water (1.5 liter bottle)

$1.84 ISK 223

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

Wine (Bottle)

$23.76 ISK 2,882

Local Beer (0.5 liter bottle)

$3.54 ISK 430

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

One-way Ticket (Public Transport)

$5.81 ISK 705

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

Taxi Start (Normal Tariff)

$6.72 ISK 815

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

Gasoline (1 liter)

$2.12 ISK 257

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

$68.9K ISK 8.4M

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

$55.8K ISK 6.8M

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

$95.8 ISK 11.6K

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

$33.11 ISK 4,016

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

Gym Membership (Monthly)

$101 ISK 12.3K

$30.17 UYU 1,211

235.03%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

Cinema Ticket

$19.85 ISK 2,407

$8.58 UYU 344

131.35%

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

$1,195 ISK 144.9K

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

Men's Leather Business Shoes

$253 ISK 30.6K

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

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 20, 2026

Last update for Artigas: October 17, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Artigas

–

Groceries & Markets

Reykjavik

$619 15.4%

Artigas

–

Eating Out

Reykjavik

$532 13.2%

Artigas

–

Clothing & Footwear

Reykjavik

$294 7.3%

Artigas

–

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Artigas

–

Sport & Entertainment

Reykjavik

$141 3.5%

Artigas

–

Getting Around

Reykjavik

$139 3.5%

Artigas

–

Good to know

🇮🇸 Reykjavik

🇺🇾 Artigas

🕒 Local time

02:28 2:28 AM

23:28 11:28 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

40,658

💱 Currency

Icelandic Króna ISK kr

Uruguayan Peso UYU $U

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

Exchange rates and currency converter

UYU, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 21, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Uruguayan Peso exchange rates as of October 21, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.12 UYU (100 UYU = 2.22 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Artigas 10,940 km ≈ 14 h nonstop flight

From you

Reykjavik
Artigas

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 Artigas: Cost of Living - Frequently Asked Questions

Artigas wins on cost – living expenses run 8399% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Artigas the obvious pick if budget is a priority.

You'd need roughly $6,034 in Reykjavik and $71.0 in Artigas 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.

At $47.33 in Artigas versus $4,023 in Reykjavik, a $1,000 budget is realistic in Artigas but tight or insufficient in Reykjavik. The gap between the two cities makes Artigas the clear choice for anyone on this budget.

Both work as nomad bases, but Artigas delivers better value – similar infrastructure at $47.33 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Artigas hard to pass up.

Safety-wise, Reykjavik and Artigas 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 Artigas gentler on the wallet – expenses run 8399% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.