Cost of Living Comparison Between Reykjavik and Chiang Mai Cost of Living Comparison Between Reykjavik and Chiang Mai

😐 Solo nomad: Reykjavik is 209.4% more expensive than Chiang Mai without rent, and 334.6% more expensive with rent.

😐 Family of 3: Reykjavik is 240.5% more expensive than Chiang Mai without rent, and 296.5% more expensive with rent.

Meal at Budget Restaurant

$26.47 ISK 3,231

$2.01 ฿64.4

1216.92%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.4K

$18.23 ฿583

679.92%

Fast Food Meal (McDonalds, etc)

$22.61 ISK 2,760

$7.65 ฿245

195.56%

Cappuccino

$6.17 ISK 753

$1.92 ฿61.4

221.35%

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

$3.35 ISK 409

$0.84 ฿26.91

298.81%

Water (0.33 liter bottle)

$2.63 ISK 321

$0.36 ฿11.39

630.56%

Local Beer (0.5 liter draught)

$12.64 ISK 1,543

$2.19 ฿70.0

477.17%

Imported Beer (0.33 liter bottle)

$11.33 ISK 1,384

$3.79 ฿121

198.94%

Milk (1 liter)

$1.93 ISK 236

$1.64 ฿52.4

17.68%

White Bread (500g)

$4.15 ISK 507

$1.62 ฿51.8

156.17%

Rice (white) (1kg)

$3.74 ISK 456

$1.15 ฿36.89

225.22%

Eggs

$6.27 ISK 766

$1.94 ฿62.0

223.20%

Local Cheese (1kg)

$17.92 ISK 2,188

$15.94 ฿510

12.42%

Chicken Fillets (1kg)

$24.05 ISK 2,936

$3.10 ฿99.2

675.81%

Beef Round Steak (1kg)

$42.07 ISK 5,136

$11.07 ฿354

280.04%

Apples (1kg)

$3.22 ISK 393

$2.71 ฿86.6

18.82%

Banana (1kg)

$2.52 ISK 307

$1.18 ฿37.70

113.56%

Oranges (1kg)

$3.09 ISK 377

$1.71 ฿54.5

80.70%

Tomato (1kg)

$5.09 ISK 621

$1.61 ฿51.3

216.15%

Potato (1kg)

$3.58 ISK 437

$1.39 ฿44.54

157.55%

Onion (1kg)

$2.44 ISK 297

$1.15 ฿36.72

112.17%

Lettuce (1 head)

$3.18 ISK 389

$0.71 ฿22.77

347.89%

Water (1.5 liter bottle)

$1.94 ISK 237

$0.55 ฿17.60

252.73%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,674

$4.57 ฿146

200.00%

Wine (Bottle)

$22.59 ISK 2,758

$18.87 ฿604

19.71%

Local Beer (0.5 liter bottle)

$3.55 ISK 434

$1.82 ฿58.2

95.05%

Imported Beer (0.33 liter bottle)

$3.33 ISK 406

$3.21 ฿103

3.74%

One-way Ticket (Public Transport)

$5.28 ISK 644

$0.88 ฿28.17

500.00%

Public Transport Monthly Pass (Regular Price)

$87.1 ISK 10.6K

$18.89 ฿604

360.88%

Taxi Start (Normal Tariff)

$6.25 ISK 763

$1.41 ฿45.18

343.26%

Taxi (Normal Tariff) (1km)

$2.51 ISK 307

$1.30 ฿41.60

93.08%

Taxi 1hour Waiting (Normal Tariff)

$84.7 ISK 10.3K

$8.20 ฿262

933.29%

Gasoline (1 liter)

$2.46 ISK 300

$1.23 ฿39.19

100.00%

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

$46.5K ISK 5.7M

$21.2K ฿677.2K

119.47%

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

$51.5K ISK 6.3M

$22.3K ฿713.5K

130.78%

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

$87.7 ISK 10.7K

$69.9 ฿2,234

25.50%

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

$27.91 ISK 3,407

$14.07 ฿450

98.37%

Internet (50+ Mbps, Unlimited Data)

$84.5 ISK 10.3K

$17.70 ฿566

377.29%

Gym Membership (Monthly)

$82.7 ISK 10.1K

$41.41 ฿1,324

99.61%

Tennis Court (1 Hour on Weekend)

$37.97 ISK 4,635

$6.69 ฿214

467.56%

Cinema Ticket

$17.78 ISK 2,170

$5.74 ฿184

209.76%

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

$324 ISK 39.6K

$299 ฿9,569

8.44%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.6M

$15.0K ฿480.0K

97.62%

Jeans (Levis 501 Or Similar)

$140 ISK 17.1K

$54.8 ฿1,753

155.75%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,399

$26.35 ฿843

130.06%

Sport Shoes (Adidas, Nike)

$181 ISK 22.1K

$84.7 ฿2,707

114.19%

Men's Leather Business Shoes

$263 ISK 32.1K

$69.7 ฿2,230

276.53%

1-bedroom Apartment, City Center (Monthly)

$2,250 ISK 274.7K

$427 ฿13.7K

427.08%

1-bedroom Apartment, Outside City Center (Monthly)

$2,007 ISK 245.0K

$241 ฿7,699

733.85%

3-bedroom Apartment, City Center (Monthly)

$3,118 ISK 380.6K

$811 ฿25.9K

284.59%

3-bedroom Apartment, Outside City Center (Monthly)

$2,755 ISK 336.3K

$498 ฿15.9K

452.79%

Buy Apartment in City Center (m2)

$8,013 ISK 978.1K

$2,022 ฿64.7K

296.20%

Buy Apartment Outside City Center (m2)

$6,528 ISK 796.9K

$1,524 ฿48.7K

328.42%

Average Monthly Net Salary (After Tax)

$4,449 ISK 543.1K

$639 ฿20.4K

596.08%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

92.60%

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

Last update for Reykjavik: April 14, 2026

Last update for Chiang Mai: April 13, 2026

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 other spots: cost of living compared

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