Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Assis

For one person, living is cheaper in Assis: $862 a month against $4,023 in Reykjavik, rent and utilities included – about $37,900 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
42

Cost of Living Index in Assis
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Assis Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Assis

🇧🇷 Brazil

$862

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Assis

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

Monthly costs for one person with rent: $4,023 in Reykjavik versus $862 in Assis.

Reykjavik $4,023
Assis $862

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,343 in Assis.

Reykjavik $5,708
Assis $1,343

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $1,825 in Assis.

Reykjavik $7,393
Assis $1,825

Living in Reykjavik is roughly 366% more expensive than in Assis, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 197% above, Assis is 36% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$5.98 R$30.31

418.39%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$23.64 R$120

421.15%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$5.92 R$30.03

359.63%

Cappuccino

$6.90 ISK 837

$2.01 R$10.21

243.28%

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

$3.30 ISK 401

$1.18 R$5.97

179.66%

Water (0.33 liter bottle)

$3.16 ISK 384

$0.82 R$4.14

285.37%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$1.62 R$8.21

754.32%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$2.02 R$10.24

516.83%

Milk (1 liter)

$2.06 ISK 250

$1.12 R$5.68

83.93%

White Bread (500g)

$4.11 ISK 498

$1.26 R$6.40

226.19%

Rice (white) (1kg)

$3.68 ISK 446

$1.30 R$6.60

183.08%

Eggs

$7.27 ISK 882

$1.53 R$7.74

375.16%

Local Cheese (1kg)

$21.79 ISK 2,643

$7.51 R$38.09

190.15%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$5.24 R$26.56

357.06%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$8.58 R$43.50

382.87%

Apples (1kg)

$3.42 ISK 414

$2.12 R$10.76

61.32%

Banana (1kg)

$2.84 ISK 344

$1.17 R$5.92

142.74%

Oranges (1kg)

$3.23 ISK 391

$1.22 R$6.18

164.75%

Tomato (1kg)

$6.46 ISK 783

$1.51 R$7.63

327.81%

Potato (1kg)

$4.05 ISK 491

$1.15 R$5.83

252.17%

Onion (1kg)

$1.66 ISK 202

$0.98 R$4.98

69.39%

Lettuce (1 head)

$3.86 ISK 468

$0.91 R$4.62

324.18%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.97 R$4.92

89.69%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.46 R$12.47

467.48%

Wine (Bottle)

$23.76 ISK 2,882

$6.21 R$31.48

282.61%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.44 R$7.29

145.83%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.02 R$10.24

70.30%

One-way Ticket (Public Transport)

$5.81 ISK 705

$1.01 R$5.09

475.25%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$44.54 R$226

114.03%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$2.37 R$12.02

183.54%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$0.78 R$3.94

260.26%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$2.85 R$14.45

2754.04%

Gasoline (1 liter)

$2.12 ISK 257

$1.25 R$6.33

69.60%

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

$68.9K ISK 8.4M

$35.3K R$178.8K

95.41%

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

$55.8K ISK 6.8M

$32.8K R$166.0K

70.35%

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

$95.8 ISK 11.6K

$86.7 R$439

10.53%

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

$33.11 ISK 4,016

$10.97 R$55.6

201.82%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$23.00 R$117

278.91%

Gym Membership (Monthly)

$101 ISK 12.3K

$26.07 R$132

287.73%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$28.03 R$142

81.02%

Cinema Ticket

$19.85 ISK 2,407

$5.89 R$29.85

237.01%

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

$1,195 ISK 144.9K

$212 R$1,074

463.74%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$7,614 R$38.6K

244.39%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$43.34 R$220

242.09%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$58.9 R$299

13.29%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$86.0 R$436

117.00%

Men's Leather Business Shoes

$253 ISK 30.6K

$60.1 R$305

320.42%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$359 R$1,817

619.29%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$243 R$1,234

754.70%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$677 R$3,432

410.30%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$471 R$2,385

484.85%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,718 R$8,708

361.83%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,206 R$6,112

428.93%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

$594 R$3,011

690.41%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.5

-16.10%

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

Last update for Reykjavik: October 20, 2026

Last update for Assis: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Assis

$243 28.2% 88.3% $1.8K

Groceries & Markets

Reykjavik

$619 15.4%

Assis

$184 21.3% 70.3% $435

Eating Out

Reykjavik

$532 13.2%

Assis

$110 12.7% 79.4% $423

Clothing & Footwear

Reykjavik

$294 7.3%

Assis

$112 13% 62% $183

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Assis

$121 14% 44.2% $95

Sport & Entertainment

Reykjavik

$141 3.5%

Assis

$38 4.4% 73.1% $103

Getting Around

Reykjavik

$139 3.5%

Assis

$55 6.4% 60.7% $85

Cost Breakdown

A one-bedroom apartment in the center runs $2,579 in Reykjavik and $359 in Assis. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 690% 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: $123 in Reykjavik vs $24.00 in Assis for a mid-range dinner for two. Groceries echo the gap at $619 vs $184 per month, with Assis cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Assis

🕒 Local time

22:38 10:38 PM

19:38 7:38 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

101,409

💱 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 20, 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 20, 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 Assis 9,960 km ≈ 13 h nonstop flight

From you

Reykjavik
Assis

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 Assis: Cost of Living - Frequently Asked Questions

Assis is cheaper overall, especially in groceries, eating out, and clothing. The 366% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 690% 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: $2,579 in Reykjavik versus $359 in Assis. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Assis runs roughly 114% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $1,195 in Reykjavik versus $212 in Assis. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $862 in Assis versus $4,023 in Reykjavik, a $1,500 budget is realistic in Assis but tight or insufficient in Reykjavik. The gap between the two cities makes Assis the clear choice for anyone on this budget.

For families, Assis 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 Assis 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 Assis gentler on the wallet – expenses run 366% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.