Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Avaré

For one person, living is cheaper in Avaré: $845 a month against $4,023 in Reykjavik, rent and utilities included – about $38,100 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
41

Cost of Living Index in Avaré
Learn more

Avaré Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Avaré

🇧🇷 Brazil

$845

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Avaré

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

Monthly costs for one person with rent: $4,023 in Reykjavik versus $845 in Avaré.

Reykjavik $4,023
Avaré $845

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,408 in Avaré.

Reykjavik $5,708
Avaré $1,408

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $1,971 in Avaré.

Reykjavik $7,393
Avaré $1,971

Living in Reykjavik is roughly 376% more expensive than in Avaré, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Reykjavik is 197% above, Avaré is 38% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$4.06 R$20.57

663.55%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$49.85 R$253

147.14%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$5.15 R$26.08

428.35%

Cappuccino

$6.90 ISK 837

$1.96 R$9.96

252.04%

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

$3.30 ISK 401

$0.58 R$2.96

468.97%

Water (0.33 liter bottle)

$3.16 ISK 384

$0.42 R$2.12

652.38%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$1.36 R$6.89

917.65%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$1.94 R$9.85

542.27%

Milk (1 liter)

$2.06 ISK 250

$1.23 R$6.25

67.48%

White Bread (500g)

$4.11 ISK 498

$1.90 R$9.65

116.32%

Rice (white) (1kg)

$3.68 ISK 446

$1.45 R$7.35

153.79%

Eggs

$7.27 ISK 882

$2.23 R$11.29

226.01%

Local Cheese (1kg)

$21.79 ISK 2,643

$7.74 R$39.22

181.52%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$3.33 R$16.90

619.22%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$7.07 R$35.83

486.00%

Apples (1kg)

$3.42 ISK 414

$2.82 R$14.32

21.28%

Banana (1kg)

$2.84 ISK 344

$1.85 R$9.35

53.51%

Oranges (1kg)

$3.23 ISK 391

$1.56 R$7.90

107.05%

Tomato (1kg)

$6.46 ISK 783

$1.99 R$10.07

224.62%

Potato (1kg)

$4.05 ISK 491

$1.24 R$6.26

226.61%

Onion (1kg)

$1.66 ISK 202

$1.27 R$6.41

30.71%

Lettuce (1 head)

$3.86 ISK 468

$1.27 R$6.43

203.94%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.58 R$2.92

217.24%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.98 R$15.13

368.46%

Wine (Bottle)

$23.76 ISK 2,882

$10.20 R$51.7

132.94%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$0.89 R$4.51

297.75%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.49 R$12.60

38.15%

One-way Ticket (Public Transport)

$5.81 ISK 705

$1.00 R$5.07

481.00%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$44.96 R$228

112.03%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.84 R$9.32

265.22%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$1.03 R$5.22

172.82%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$10.16 R$51.5

700.59%

Gasoline (1 liter)

$2.12 ISK 257

$1.09 R$5.51

94.50%

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

$68.9K ISK 8.4M

$23.8K R$120.8K

189.31%

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

$55.8K ISK 6.8M

$26.3K R$133.5K

111.89%

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

$95.8 ISK 11.6K

$50.5 R$256

89.87%

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

$33.11 ISK 4,016

$9.89 R$50.2

234.78%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$19.82 R$100

339.71%

Gym Membership (Monthly)

$101 ISK 12.3K

$25.84 R$131

291.18%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$27.79 R$141

82.58%

Cinema Ticket

$19.85 ISK 2,407

$5.16 R$26.16

284.69%

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

$1,195 ISK 144.9K

$574 R$2,908

108.28%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$16.8K R$85.1K

56.20%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$65.9 R$334

125.15%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$62.7 R$318

6.51%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$101 R$512

84.84%

Men's Leather Business Shoes

$253 ISK 30.6K

$93.1 R$472

171.24%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$353 R$1,788

631.05%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$244 R$1,239

751.35%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$662 R$3,354

422.13%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$474 R$2,403

480.47%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,692 R$8,577

368.88%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,205 R$6,109

429.21%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.68

-24.57%

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

Last update for Reykjavik: October 20, 2026

Last update for Avaré: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Avaré

$244 29% 88.3% $1.8K

Groceries & Markets

Reykjavik

$619 15.4%

Avaré

$197 23.3% 68.3% $423

Eating Out

Reykjavik

$532 13.2%

Avaré

$86 10.2% 83.8% $446

Clothing & Footwear

Reykjavik

$294 7.3%

Avaré

$145 17.2% 50.7% $149

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Avaré

$80 9.5% 62.9% $136

Sport & Entertainment

Reykjavik

$141 3.5%

Avaré

$36 4.3% 74.3% $105

Getting Around

Reykjavik

$139 3.5%

Avaré

$56 6.6% 59.9% $83

Cost Breakdown

A one-bedroom apartment in the center runs $2,579 in Reykjavik and $353 in Avaré. Housing cost is often the main lever when comparing two cities.

Dining out: $123 in Reykjavik vs $50.0 in Avaré for a mid-range dinner for two. Groceries echo the gap at $619 vs $197 per month, with Avaré cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Avaré

🕒 Local time

03:36 3:36 AM

00:36 12:36 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

92,805

💱 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 22, 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 22, 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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Between locations

Reykjavik Avaré 9,980 km ≈ 13 h nonstop flight

From you

Reykjavik
Avaré

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 Avaré: Cost of Living - Frequently Asked Questions

Reykjavik and Avaré differ by about 376% in total monthly costs ($4,023 vs $845 including rent). Avaré is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $6,034 in Reykjavik and $1,267 in Avaré 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.

Rent for a central apartment: $2,579 in Reykjavik versus $353 in Avaré. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Avaré runs roughly 112% 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 $574 in Avaré. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $845 in Avaré versus $4,023 in Reykjavik, a $2,000 budget is realistic in Avaré but tight or insufficient in Reykjavik. The gap between the two cities makes Avaré the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Reykjavik and Avaré 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 Avaré gentler on the wallet – expenses run 376% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.