Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Bella Vista

For one person, living is cheaper in Bella Vista: $189 a month against $4,002 in Reykjavik, rent and utilities included – about $45,800 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
Learn more

Reykjavik Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Bella Vista

🇵🇾 Paraguay

$189

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Bella Vista

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

A single person spends $4,002 per month in Reykjavik vs $189 in Bella Vista, rent included.

Reykjavik $4,002
Bella Vista $189

A couple spends around $5,705 per month in Reykjavik vs $307 in Bella Vista, rent included.

Reykjavik $5,705
Bella Vista $307

A family of three spends $7,407 per month in Reykjavik vs $425 in Bella Vista, rent included.

Reykjavik $7,407
Bella Vista $425

Reykjavik costs about 2018% more than Bella Vista, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Bella Vista is 86% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$1.97 ₲11.2K

1502.03%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$13.31 ₲75.7K

819.23%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

Cappuccino

$6.81 ISK 827

$1.94 ₲11.0K

251.03%

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

$3.39 ISK 411

$0.99 ₲5,611

242.42%

Water (0.33 liter bottle)

$3.20 ISK 388

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$1.51 ₲8,613

715.23%

Milk (1 liter)

$2.10 ISK 255

$0.83 ₲4,737

153.01%

White Bread (500g)

$4.19 ISK 508

$0.49 ₲2,760

755.10%

Rice (white) (1kg)

$3.72 ISK 451

$0.99 ₲5,611

275.76%

Eggs

$7.05 ISK 856

$2.14 ₲12.2K

229.44%

Local Cheese (1kg)

$21.56 ISK 2,615

$5.99 ₲34.0K

259.93%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$2.98 ₲16.9K

728.19%

Beef Round Steak (1kg)

$42.19 ISK 5,117

Apples (1kg)

$3.23 ISK 392

Banana (1kg)

$2.73 ISK 331

$0.72 ₲4,087

279.17%

Oranges (1kg)

$3.17 ISK 384

Tomato (1kg)

$6.61 ISK 802

Potato (1kg)

$3.85 ISK 467

Onion (1kg)

$1.66 ISK 201

Lettuce (1 head)

$3.80 ISK 461

Water (1.5 liter bottle)

$1.75 ISK 212

$1.02 ₲5,775

71.57%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$1.02 ₲5,801

1244.12%

Wine (Bottle)

$24.21 ISK 2,937

$4.90 ₲27.8K

394.08%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$0.78 ₲4,423

352.56%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$1.75 ₲9,962

89.71%

One-way Ticket (Public Transport)

$5.75 ISK 697

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

Gasoline (1 liter)

$2.09 ISK 253

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

$51.0K ISK 6.2M

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

$53.3K ISK 6.5M

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

$95.3 ISK 11.6K

$18.27 ₲103.9K

421.40%

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

$32.35 ISK 3,923

$12.15 ₲69.1K

166.26%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$20.19 ₲114.8K

333.58%

Gym Membership (Monthly)

$102 ISK 12.4K

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$19.88 ISK 2,412

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

$1,194 ISK 144.8K

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

Men's Leather Business Shoes

$253 ISK 30.7K

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$375 ₲2.1M

1120.82%

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 12, 2026

Last update for Bella Vista: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Bella Vista

–

Groceries & Markets

Reykjavik

$623 15.6%

Bella Vista

–

Eating Out

Reykjavik

$536 13.4%

Bella Vista

–

Clothing & Footwear

Reykjavik

$292 7.3%

Bella Vista

–

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Bella Vista

–

Sport & Entertainment

Reykjavik

$142 3.5%

Bella Vista

–

Getting Around

Reykjavik

$138 3.5%

Bella Vista

–

Cost Breakdown

Salaries run about 1121% 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 $122 in Reykjavik versus $13.00 in Bella Vista. Monthly groceries follow the same trend: $623 vs $92.0 – making Bella Vista the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇵🇾 Bella Vista

🕒 Local time

04:19 4:19 AM

01:19 1:19 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

5,653

💱 Currency

Icelandic Króna ISK kr

Paraguayan Guarani PYG ₲

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 PYG = 1.76 USD

10,000 PYG = 1.56 EUR

Exchange rates and currency converter

PYG, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 18, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Paraguayan Guarani exchange rates as of October 18, 2026: 1 USD = 5,686 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,393 PYG (10,000 PYG = 1.56 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Bella Vista 10,050 km ≈ 13 h nonstop flight

From you

Reykjavik
Bella Vista

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 Bella Vista: Cost of Living - Frequently Asked Questions

Reykjavik costs about 2018% more than Bella Vista, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $283 in Bella Vista. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $4,002 in Reykjavik and $189 in Bella Vista. That's a gap of about 2018%.

Groceries cost about 575% more in Reykjavik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,000 monthly budget goes further in Bella Vista, where all-in costs run around $189, than in Reykjavik at $4,002. In Bella Vista it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Bella Vista costs $189 versus $4,002 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 Bella Vista. 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.