Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Bagé

For one person, living is cheaper in Bagé: $880 a month against $4,023 in Reykjavik, rent and utilities included – about $37,700 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
43

Cost of Living Index in Bagé
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Bagé Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Bagé

🇧🇷 Brazil

$880

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Bagé

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

Monthly costs for one person with rent: $4,023 in Reykjavik versus $880 in Bagé.

Reykjavik $4,023
Bagé $880

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,401 in Bagé.

Reykjavik $5,708
Bagé $1,401

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $1,922 in Bagé.

Reykjavik $7,393
Bagé $1,922

Living in Reykjavik is roughly 357% more expensive than in Bagé, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 197% above, Bagé is 35% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$6.05 R$30.69

412.40%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$32.44 R$164

279.78%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$7.87 R$39.88

245.74%

Cappuccino

$6.90 ISK 837

$2.00 R$10.12

245.00%

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

$3.30 ISK 401

$1.32 R$6.71

150.00%

Water (0.33 liter bottle)

$3.16 ISK 384

$0.76 R$3.86

315.79%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$1.97 R$9.99

602.54%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$3.07 R$15.59

305.86%

Milk (1 liter)

$2.06 ISK 250

$1.02 R$5.19

101.96%

White Bread (500g)

$4.11 ISK 498

$1.73 R$8.79

137.57%

Rice (white) (1kg)

$3.68 ISK 446

$1.25 R$6.32

194.40%

Eggs

$7.27 ISK 882

$2.19 R$11.13

231.96%

Local Cheese (1kg)

$21.79 ISK 2,643

$9.19 R$46.56

137.11%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$4.17 R$21.16

474.34%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$8.66 R$43.88

378.41%

Apples (1kg)

$3.42 ISK 414

$2.22 R$11.25

54.05%

Banana (1kg)

$2.84 ISK 344

$1.26 R$6.37

125.40%

Oranges (1kg)

$3.23 ISK 391

$1.21 R$6.14

166.94%

Tomato (1kg)

$6.46 ISK 783

$1.58 R$8.02

308.86%

Potato (1kg)

$4.05 ISK 491

$1.21 R$6.14

234.71%

Onion (1kg)

$1.66 ISK 202

$1.13 R$5.71

46.90%

Lettuce (1 head)

$3.86 ISK 468

$0.78 R$3.95

394.87%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.77 R$3.89

138.96%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.52 R$12.79

453.97%

Wine (Bottle)

$23.76 ISK 2,882

$7.95 R$40.28

198.87%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.33 R$6.75

166.17%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.04 R$10.36

68.63%

One-way Ticket (Public Transport)

$5.81 ISK 705

$1.04 R$5.28

458.65%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$44.41 R$225

114.66%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.33 R$6.73

405.26%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$0.85 R$4.30

230.59%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$7.99 R$40.48

918.02%

Gasoline (1 liter)

$2.12 ISK 257

$1.32 R$6.71

60.61%

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

$68.9K ISK 8.4M

$24.0K R$121.5K

187.52%

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

$55.8K ISK 6.8M

$33.5K R$169.6K

66.79%

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

$95.8 ISK 11.6K

$75.4 R$382

27.10%

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

$33.11 ISK 4,016

$12.33 R$62.5

168.53%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$20.92 R$106

316.59%

Gym Membership (Monthly)

$101 ISK 12.3K

$26.53 R$135

281.00%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$27.54 R$140

84.24%

Cinema Ticket

$19.85 ISK 2,407

$7.53 R$38.15

163.61%

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

$1,195 ISK 144.9K

$277 R$1,406

330.76%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$7,133 R$36.2K

267.63%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$55.6 R$282

166.46%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$50.3 R$255

32.78%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$90.6 R$459

105.89%

Men's Leather Business Shoes

$253 ISK 30.6K

$72.3 R$366

249.61%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$354 R$1,792

629.44%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$243 R$1,229

757.84%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$681 R$3,451

407.45%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$471 R$2,388

484.18%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,738 R$8,812

356.37%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,210 R$6,131

427.26%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-19.91%

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

Last update for Reykjavik: October 20, 2026

Last update for Bagé: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Bagé

$243 27.6% 88.3% $1.8K

Groceries & Markets

Reykjavik

$619 15.4%

Bagé

$192 21.8% 69% $427

Eating Out

Reykjavik

$532 13.2%

Bagé

$120 13.7% 77.4% $412

Clothing & Footwear

Reykjavik

$294 7.3%

Bagé

$121 13.7% 58.9% $173

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Bagé

$109 12.3% 49.7% $107

Sport & Entertainment

Reykjavik

$141 3.5%

Bagé

$42 4.7% 70.5% $99

Getting Around

Reykjavik

$139 3.5%

Bagé

$54 6.2% 61.1% $85

Cost Breakdown

A one-bedroom apartment in the center runs $2,579 in Reykjavik and $354 in Bagé. Housing cost is often the main lever when comparing two cities.

Dining out: $123 in Reykjavik vs $32.00 in Bagé for a mid-range dinner for two. Groceries echo the gap at $619 vs $192 per month, with Bagé cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Bagé

🕒 Local time

16:48 4:48 PM

13:48 1:48 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

117,938

💱 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 Bagé 10,980 km ≈ 14 h nonstop flight

From you

Reykjavik
Bagé

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 Bagé: Cost of Living - Frequently Asked Questions

Bagé wins on cost – living expenses run 357% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Bagé the obvious pick if budget is a priority.

You'd need roughly $6,034 in Reykjavik and $1,320 in Bagé 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 $354 in Bagé. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,195 in Reykjavik versus $277 in Bagé. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 223% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

At $880 in Bagé versus $4,023 in Reykjavik, a $1,000 budget is realistic in Bagé but tight or insufficient in Reykjavik. The gap between the two cities makes Bagé the clear choice for anyone on this budget.

Both work as nomad bases, but Bagé delivers better value – similar infrastructure at $880 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Bagé hard to pass up.

Safety-wise, Reykjavik and Bagé 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 Bagé gentler on the wallet – expenses run 357% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.