Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Canoas

For one person, living is cheaper in Canoas: $825 a month against $4,002 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
Learn more

Reykjavik Living Index
40

Cost of Living Index in Canoas
Learn more

Canoas Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Canoas

🇧🇷 Brazil

$825

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Canoas

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

Monthly costs for one person with rent: $4,002 in Reykjavik versus $825 in Canoas.

Reykjavik $4,002
Canoas $825

Estimated couple costs with rent: $5,705 in Reykjavik versus $1,267 in Canoas.

Reykjavik $5,705
Canoas $1,267

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $1,708 in Canoas.

Reykjavik $7,407
Canoas $1,708

Living in Reykjavik is roughly 385% more expensive than in Canoas, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 196% above, Canoas is 39% below.

Meal at Budget Restaurant

$31.56 ISK 3,834

$6.16 R$30.98

412.34%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

$20.24 R$102

504.50%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,263

$6.81 R$34.24

294.42%

Cappuccino

$6.81 ISK 828

$1.86 R$9.34

266.13%

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

$3.39 ISK 411

$1.09 R$5.49

211.01%

Water (0.33 liter bottle)

$3.20 ISK 389

$0.49 R$2.44

553.06%

Local Beer (0.5 liter draught)

$14.14 ISK 1,717

$1.18 R$5.95

1098.31%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,495

$1.56 R$7.85

689.10%

Milk (1 liter)

$2.10 ISK 255

$0.89 R$4.50

135.96%

White Bread (500g)

$4.19 ISK 509

$1.32 R$6.63

217.42%

Rice (white) (1kg)

$3.72 ISK 452

$0.74 R$3.71

402.70%

Eggs

$7.05 ISK 857

$2.15 R$10.79

227.91%

Local Cheese (1kg)

$21.56 ISK 2,619

$9.86 R$49.57

118.66%

Chicken Fillets (1kg)

$24.68 ISK 2,998

$4.08 R$20.49

504.90%

Beef Round Steak (1kg)

$42.19 ISK 5,125

$9.76 R$49.06

332.27%

Apples (1kg)

$3.23 ISK 393

$1.39 R$6.97

132.37%

Banana (1kg)

$2.73 ISK 332

$1.18 R$5.95

131.36%

Oranges (1kg)

$3.17 ISK 385

$0.61 R$3.08

419.67%

Tomato (1kg)

$6.61 ISK 804

$1.32 R$6.64

400.76%

Potato (1kg)

$3.85 ISK 467

$1.21 R$6.08

218.18%

Onion (1kg)

$1.66 ISK 201

$1.10 R$5.51

50.91%

Lettuce (1 head)

$3.80 ISK 462

$0.88 R$4.44

331.82%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.62 R$3.13

182.26%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,665

$2.57 R$12.92

433.46%

Wine (Bottle)

$24.21 ISK 2,942

$7.86 R$39.52

208.02%

Local Beer (0.5 liter bottle)

$3.53 ISK 429

$0.76 R$3.84

364.47%

Imported Beer (0.33 liter bottle)

$3.32 ISK 403

$2.15 R$10.83

54.42%

One-way Ticket (Public Transport)

$5.75 ISK 698

$0.98 R$4.94

486.73%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$34.50 R$173

171.91%

Taxi Start (Normal Tariff)

$6.61 ISK 804

$1.28 R$6.44

416.41%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.87 R$4.37

233.33%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,617

$8.45 R$42.47

836.80%

Gasoline (1 liter)

$2.09 ISK 254

$1.20 R$6.02

74.17%

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

$51.0K ISK 6.2M

$21.7K R$109.3K

134.69%

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

$53.3K ISK 6.5M

$27.3K R$137.3K

95.08%

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

$95.3 ISK 11.6K

$77.2 R$388

23.33%

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

$32.35 ISK 3,929

$12.75 R$64.1

153.73%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$21.67 R$109

303.97%

Gym Membership (Monthly)

$102 ISK 12.4K

$28.32 R$142

259.68%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,083

$25.28 R$127

98.10%

Cinema Ticket

$19.88 ISK 2,415

$6.06 R$30.45

228.05%

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

$1,194 ISK 145.0K

$555 R$2,788

115.24%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$7,151 R$35.9K

255.30%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$49.77 R$250

199.44%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,093

$58.5 R$294

13.92%

Sport Shoes (Adidas, Nike)

$180 ISK 21.9K

$59.4 R$299

202.88%

Men's Leather Business Shoes

$253 ISK 30.8K

$61.1 R$307

314.67%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.7K

$323 R$1,623

689.54%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.8K

$242 R$1,217

748.81%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.9K

$550 R$2,764

536.14%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.7K

$433 R$2,176

538.35%

Buy Apartment in City Center (m2)

$8,120 ISK 986.4K

$1,611 R$8,098

403.98%

Buy Apartment Outside City Center (m2)

$6,254 ISK 759.7K

$1,354 R$6,804

362.00%

Average Monthly Net Salary (After Tax)

$4,573 ISK 555.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.5

-23.39%

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

Last update for Reykjavik: October 12, 2026

Last update for Canoas: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Canoas

$242 29.3% 88.2% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Canoas

$177 21.4% 71.6% $446

Eating Out

Reykjavik

$536 13.4%

Canoas

$107 13% 80% $429

Clothing & Footwear

Reykjavik

$292 7.3%

Canoas

$103 12.5% 64.7% $189

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Canoas

$112 13.5% 48.1% $103

Sport & Entertainment

Reykjavik

$142 3.5%

Canoas

$40 4.9% 71.5% $101

Getting Around

Reykjavik

$138 3.5%

Canoas

$44 5.3% 68.1% $94

Cost Breakdown

A one-bedroom apartment in the center runs $2,549 in Reykjavik and $323 in Canoas. Housing cost is often the main lever when comparing two cities.

Dining out: $122 in Reykjavik vs $20.00 in Canoas for a mid-range dinner for two. Groceries echo the gap at $623 vs $177 per month, with Canoas cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Canoas

🕒 Local time

16:13 4:13 PM

13:13 1:13 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

347,657

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.35 EUR

1 BRL = 0.199 USD

1 BRL = 0.178 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 14, 2026: 1 USD = 121 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

Brazilian Real exchange rates as of October 14, 2026: 1 USD = 5.03 BRL (1 BRL = 0.199 USD). 1 EUR = 5.63 BRL (1 BRL = 0.178 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Canoas 10,770 km ≈ 14 h nonstop flight

From you

Reykjavik
Canoas

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 Canoas: Cost of Living - Frequently Asked Questions

Reykjavik and Canoas differ by about 385% in total monthly costs ($4,002 vs $825 including rent). Canoas is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $6,003 in Reykjavik and $1,238 in Canoas 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: $2,549 in Reykjavik versus $323 in Canoas. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Canoas runs roughly 172% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $1,194 in Reykjavik versus $555 in Canoas. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $825 in Canoas versus $4,002 in Reykjavik, a $2,000 budget is realistic in Canoas but tight or insufficient in Reykjavik. The gap between the two cities makes Canoas 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 Canoas 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 Canoas gentler on the wallet – expenses run 385% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.