Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Atlantida

For one person, living is cheaper in Atlantida: $1,452 a month against $4,037 in Reykjavik, rent and utilities included – about $31,000 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
71

Cost of Living Index in Atlantida
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Atlantida Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Atlantida

🇺🇾 Uruguay

$1,452

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Atlantida

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

A single person spends $4,037 per month in Reykjavik vs $1,452 in Atlantida, rent included.

Reykjavik $4,037
Atlantida $1,452

A couple spends around $5,666 per month in Reykjavik vs $2,264 in Atlantida, rent included.

Reykjavik $5,666
Atlantida $2,264

A family of three spends $7,295 per month in Reykjavik vs $3,076 in Atlantida, rent included.

Reykjavik $7,295
Atlantida $3,076

Reykjavik costs about 178% more than Atlantida, and outside of rent the biggest gap is in groceries.

Both Reykjavik and Atlantida sit above the global median – Reykjavik by 201%, Atlantida by 8%.

Meal at Budget Restaurant

$30.59 ISK 3,730

$12.86 UYU 517

137.87%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$44.01 UYU 1,770

207.91%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$12.23 UYU 492

121.42%

Cappuccino

$6.72 ISK 819

$3.03 UYU 122

121.78%

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

$3.27 ISK 399

$1.83 UYU 73.7

78.69%

Water (0.33 liter bottle)

$3.16 ISK 386

$1.13 UYU 45.45

179.65%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$2.78 UYU 112

400.36%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$3.55 UYU 143

239.72%

Milk (1 liter)

$2.04 ISK 248

$1.34 UYU 54.1

52.24%

White Bread (500g)

$4.32 ISK 527

$2.62 UYU 105

64.89%

Rice (white) (1kg)

$3.67 ISK 447

$1.49 UYU 59.7

146.31%

Eggs

$7.02 ISK 856

$4.39 UYU 177

59.91%

Local Cheese (1kg)

$22.01 ISK 2,684

$11.94 UYU 480

84.34%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$8.14 UYU 327

203.44%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$10.65 UYU 428

300.56%

Apples (1kg)

$3.37 ISK 412

$2.72 UYU 109

23.90%

Banana (1kg)

$2.85 ISK 347

$2.16 UYU 87.0

31.94%

Oranges (1kg)

$3.17 ISK 387

$1.13 UYU 45.58

180.53%

Tomato (1kg)

$6.39 ISK 779

$2.96 UYU 119

115.88%

Potato (1kg)

$4.01 ISK 489

$1.69 UYU 68.2

137.28%

Onion (1kg)

$1.64 ISK 200

$2.09 UYU 84.1

-21.53%

Lettuce (1 head)

$3.80 ISK 463

$1.28 UYU 51.5

196.87%

Water (1.5 liter bottle)

$1.74 ISK 212

$1.83 UYU 73.4

-4.92%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$5.07 UYU 204

172.19%

Wine (Bottle)

$23.38 ISK 2,851

$6.84 UYU 275

241.81%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$1.88 UYU 75.5

87.77%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$2.49 UYU 100

38.55%

One-way Ticket (Public Transport)

$5.77 ISK 704

$2.18 UYU 87.8

164.68%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$48.54 UYU 1,952

96.00%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$2.43 UYU 97.9

172.84%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$3.43 UYU 138

-18.66%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$10.01 UYU 403

712.89%

Gasoline (1 liter)

$2.11 ISK 257

$1.92 UYU 77.3

9.90%

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

$50.8K ISK 6.2M

$35.8K UYU 1.4M

41.86%

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

$52.7K ISK 6.4M

$37.1K UYU 1.5M

41.97%

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

$88.7 ISK 10.8K

$87.2 UYU 3,504

1.74%

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

$31.53 ISK 3,845

$23.54 UYU 946

33.94%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$32.26 UYU 1,297

162.37%

Gym Membership (Monthly)

$100 ISK 12.2K

$60.9 UYU 2,449

64.83%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

$17.65 UYU 710

173.09%

Cinema Ticket

$19.87 ISK 2,424

$11.78 UYU 474

68.68%

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

$1,277 ISK 155.8K

$486 UYU 19.5K

163.04%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$6,689 UYU 269.0K

362.73%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$74.2 UYU 2,982

116.88%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$75.7 UYU 3,045

-14.31%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$166 UYU 6,674

10.04%

Men's Leather Business Shoes

$254 ISK 31.0K

$118 UYU 4,752

114.82%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$666 UYU 26.8K

275.51%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$479 UYU 19.3K

317.27%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$1,261 UYU 50.7K

173.76%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$869 UYU 34.9K

215.59%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

$2,033 UYU 81.7K

293.61%

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

$1,496 UYU 60.1K

317.80%

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$521 UYU 21.0K

800.16%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-11.90%

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

Last update for Reykjavik: October 4, 2026

Last update for Atlantida: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Atlantida

$479 32.6% 76% $1.5K

Groceries & Markets

Reykjavik

$625 15.9%

Atlantida

$282 19.2% 54.9% $343

Eating Out

Reykjavik

$526 13.4%

Atlantida

$209 14.2% 60.3% $317

Clothing & Footwear

Reykjavik

$298 7.6%

Atlantida

$195 13.3% 34.5% $103

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Atlantida

$143 9.7% 30.2% $62

Sport & Entertainment

Reykjavik

$140 3.6%

Atlantida

$84 5.8% 39.7% $56

Getting Around

Reykjavik

$139 3.5%

Atlantida

$77 5.2% 44.6% $62

Cost Breakdown

A central one-bedroom costs $2,499 in Reykjavik versus $666 in Atlantida. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 800% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $136 in Reykjavik versus $44.00 in Atlantida. Monthly groceries follow the same trend: $625 vs $282 – making Atlantida the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇺🇾 Atlantida

🕒 Local time

14:14 2:14 PM

11:14 11:14 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

6,000

💱 Currency

Icelandic Króna ISK kr

Uruguayan Peso UYU $U

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 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 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

Uruguayan Peso exchange rates as of October 10, 2026: 1 USD = 40.21 UYU (100 UYU = 2.49 USD). 1 EUR = 45.06 UYU (100 UYU = 2.22 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Atlantida 11,390 km ≈ 15 h nonstop flight

From you

Reykjavik
Atlantida

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 Atlantida: Cost of Living - Frequently Asked Questions

Yes – Reykjavik is pricier by about 178%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $6,055 per month in Reykjavik and $2,177 in Atlantida. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Atlantida, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $136 in Reykjavik and $44.00 in Atlantida. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $4,037 in Reykjavik and $1,452 in Atlantida. That's a gap of about 178%.

A $1,500 monthly budget goes further in Atlantida, where all-in costs run around $1,452, than in Reykjavik at $4,037. In Atlantida it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

Families tend to lean toward Atlantida – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Atlantida. If higher salaries, better infrastructure, or specific career opportunities are the priority, Reykjavik makes more sense. Both are solid long-term options with distinct trade-offs.