Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Belo Horizonte

For one person, living is cheaper in Belo Horizonte: $984 a month against $4,037 in Reykjavik, rent and utilities included – about $36,600 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
47

Cost of Living Index in Belo Horizonte
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Belo Horizonte Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Belo Horizonte

🇧🇷 Brazil

$984

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Belo Horizonte

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

Monthly costs for one person with rent: $4,037 in Reykjavik versus $984 in Belo Horizonte.

Reykjavik $4,037
Belo Horizonte $984

Estimated couple costs with rent: $5,666 in Reykjavik versus $1,589 in Belo Horizonte.

Reykjavik $5,666
Belo Horizonte $1,589

Monthly costs for a family of three with rent: $7,295 in Reykjavik versus $2,193 in Belo Horizonte.

Reykjavik $7,295
Belo Horizonte $2,193

Living in Reykjavik is roughly 310% more expensive than in Belo Horizonte, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 201% above, Belo Horizonte is 27% below.

Meal at Budget Restaurant

$30.59 ISK 3,730

$5.90 R$29.46

418.47%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$37.35 R$186

262.81%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$8.86 R$44.22

205.64%

Cappuccino

$6.72 ISK 819

$2.27 R$11.36

196.04%

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

$3.27 ISK 399

$1.43 R$7.13

128.67%

Water (0.33 liter bottle)

$3.16 ISK 386

$0.81 R$4.05

290.12%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$2.12 R$10.60

556.13%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$3.67 R$18.32

228.61%

Milk (1 liter)

$2.04 ISK 248

$0.95 R$4.72

114.74%

White Bread (500g)

$4.32 ISK 527

$1.82 R$9.09

137.36%

Rice (white) (1kg)

$3.67 ISK 447

$2.08 R$10.39

76.44%

Eggs

$7.02 ISK 856

$2.22 R$11.07

216.22%

Local Cheese (1kg)

$22.01 ISK 2,684

$9.91 R$49.47

122.10%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$4.33 R$21.63

470.44%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$7.63 R$38.10

459.11%

Apples (1kg)

$3.37 ISK 412

$1.93 R$9.66

74.61%

Banana (1kg)

$2.85 ISK 347

$1.15 R$5.75

147.83%

Oranges (1kg)

$3.17 ISK 387

$1.20 R$5.98

164.17%

Tomato (1kg)

$6.39 ISK 779

$1.65 R$8.23

287.27%

Potato (1kg)

$4.01 ISK 489

$1.15 R$5.74

248.70%

Onion (1kg)

$1.64 ISK 200

$0.97 R$4.86

69.07%

Lettuce (1 head)

$3.80 ISK 463

$0.85 R$4.23

347.06%

Water (1.5 liter bottle)

$1.74 ISK 212

$0.92 R$4.58

89.13%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$2.47 R$12.33

458.70%

Wine (Bottle)

$23.38 ISK 2,851

$8.23 R$41.09

184.08%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$1.43 R$7.15

146.85%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$2.74 R$13.68

25.91%

One-way Ticket (Public Transport)

$5.77 ISK 704

$1.25 R$6.26

361.60%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$68.0 R$339

39.95%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$1.02 R$5.10

550.00%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$0.77 R$3.84

262.34%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$6.32 R$31.53

1187.50%

Gasoline (1 liter)

$2.11 ISK 257

$1.32 R$6.58

59.85%

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

$50.8K ISK 6.2M

$24.0K R$119.9K

111.60%

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

$52.7K ISK 6.4M

$32.5K R$162.1K

62.40%

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

$88.7 ISK 10.8K

$76.1 R$380

16.53%

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

$31.53 ISK 3,845

$10.33 R$51.6

205.23%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$21.02 R$105

302.66%

Gym Membership (Monthly)

$100 ISK 12.2K

$28.07 R$140

257.61%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

$46.30 R$231

4.10%

Cinema Ticket

$19.87 ISK 2,424

$7.90 R$39.41

151.52%

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

$1,277 ISK 155.8K

$459 R$2,292

178.22%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$13.8K R$69.0K

123.97%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$62.0 R$309

159.58%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$48.86 R$244

32.83%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$97.6 R$487

87.13%

Men's Leather Business Shoes

$254 ISK 31.0K

$71.5 R$357

254.98%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$590 R$2,945

323.62%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$292 R$1,456

585.77%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$890 R$4,440

288.05%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$591 R$2,950

364.09%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

$2,358 R$11.8K

239.25%

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

$1,121 R$5,598

457.23%

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$613 R$3,062

664.62%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.25

-21.69%

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

Last update for Reykjavik: October 4, 2026

Last update for Belo Horizonte: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Belo Horizonte

$292 30% 85.4% $1.7K

Groceries & Markets

Reykjavik

$625 15.9%

Belo Horizonte

$198 20.3% 68.4% $427

Eating Out

Reykjavik

$526 13.4%

Belo Horizonte

$128 13.2% 75.7% $398

Clothing & Footwear

Reykjavik

$298 7.6%

Belo Horizonte

$126 13% 57.7% $172

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Belo Horizonte

$107 11.1% 47.5% $97

Sport & Entertainment

Reykjavik

$140 3.6%

Belo Horizonte

$44 4.5% 68.7% $96

Getting Around

Reykjavik

$139 3.5%

Belo Horizonte

$78 8% 43.9% $61

Cost Breakdown

A one-bedroom apartment in the center runs $2,499 in Reykjavik and $590 in Belo Horizonte. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 665% 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: $136 in Reykjavik vs $37.00 in Belo Horizonte for a mid-range dinner for two. Groceries echo the gap at $625 vs $198 per month, with Belo Horizonte cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Belo Horizonte

🕒 Local time

09:52 9:52 AM

06:52 6:52 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

2,315,560

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

1 BRL = 0.2 USD

1 BRL = 0.179 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 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

Brazilian Real exchange rates as of October 10, 2026: 1 USD = 4.99 BRL (1 BRL = 0.2 USD). 1 EUR = 5.59 BRL (1 BRL = 0.179 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Belo Horizonte 9,540 km ≈ 12 h nonstop flight

From you

Reykjavik
Belo Horizonte

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 Belo Horizonte: Cost of Living - Frequently Asked Questions

Reykjavik and Belo Horizonte differ by about 310% in total monthly costs ($4,037 vs $984 including rent). Belo Horizonte is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 665% 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: $2,499 in Reykjavik versus $590 in Belo Horizonte. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,277 in Reykjavik versus $459 in Belo Horizonte. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 216% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

At $984 in Belo Horizonte versus $4,037 in Reykjavik, a $2,000 budget is realistic in Belo Horizonte but tight or insufficient in Reykjavik. The gap between the two cities makes Belo Horizonte 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 Belo Horizonte 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 Belo Horizonte gentler on the wallet – expenses run 310% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.