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

Monthly Cost of Living

A single person spends $3,883 per month in Reykjavik vs $866 in Chiang Mai, rent included.

A couple spends around $5,535 per month in Reykjavik vs $1,351 in Chiang Mai, rent included.

A family of three spends $7,188 per month in Reykjavik vs $1,835 in Chiang Mai, rent included.

Reykjavik costs about 348% more than Chiang Mai, driven mainly by Eating Out.

Reykjavik sits 190% above the global median, while Chiang Mai is 35% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$27.17 ISK 3,346

$1.94 ฿63.6

1300.52%

Three-Course Dinner for Two, Mid-Range

$144 ISK 17.7K

$18.64 ฿609

670.01%

Fast Food Meal (McDonalds, etc)

$22.42 ISK 2,761

$7.82 ฿256

186.70%

Cappuccino

$6.19 ISK 763

$1.95 ฿63.9

217.44%

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

$3.28 ISK 405

$0.85 ฿27.80

285.88%

Water (0.33 liter bottle)

$2.53 ISK 311

$0.35 ฿11.60

622.86%

Local Beer (0.5 liter draught)

$13.11 ISK 1,615

$2.13 ฿69.7

515.49%

Imported Beer (0.33 liter bottle)

$11.43 ISK 1,408

$3.73 ฿122

206.43%

Milk (1 liter)

$1.94 ISK 239

$1.71 ฿56.0

13.45%

White Bread (500g)

$4.29 ISK 528

$1.63 ฿53.3

163.19%

Rice (white) (1kg)

$3.72 ISK 458

$1.14 ฿37.18

226.32%

Eggs

$6.53 ISK 804

$1.93 ฿63.2

238.34%

Local Cheese (1kg)

$17.88 ISK 2,202

$16.21 ฿530

10.30%

Chicken Fillets (1kg)

$24.10 ISK 2,968

$3.12 ฿102

672.44%

Beef Round Steak (1kg)

$42.88 ISK 5,281

$10.90 ฿356

293.39%

Apples (1kg)

$3.35 ISK 412

$2.75 ฿90.1

21.82%

Banana (1kg)

$2.51 ISK 309

$1.21 ฿39.56

107.44%

Oranges (1kg)

$3.13 ISK 385

$1.62 ฿53.0

93.21%

Tomato (1kg)

$4.89 ISK 602

$1.59 ฿51.9

207.55%

Potato (1kg)

$3.71 ISK 457

$1.40 ฿45.75

165.00%

Onion (1kg)

$2.32 ISK 285

$1.17 ฿38.20

98.29%

Lettuce (1 head)

$3.07 ISK 378

$0.66 ฿21.62

365.15%

Water (1.5 liter bottle)

$1.99 ISK 246

$0.53 ฿17.24

275.47%

Cigarettes 20 Pack (Marlboro, Camel)

$13.85 ISK 1,705

$4.69 ฿153

195.31%

Wine (Bottle)

$23.47 ISK 2,891

$18.66 ฿610

25.78%

Local Beer (0.5 liter bottle)

$3.62 ISK 446

$1.80 ฿58.8

101.11%

Imported Beer (0.33 liter bottle)

$3.38 ISK 416

$3.23 ฿106

4.64%

One-way Ticket (Public Transport)

$5.10 ISK 628

$0.90 ฿29.28

466.67%

Public Transport Monthly Pass (Regular Price)

$85.4 ISK 10.5K

$19.21 ฿628

344.35%

Taxi Start (Normal Tariff)

$6.28 ISK 773

$1.41 ฿45.96

345.39%

Taxi (Normal Tariff) (1km)

$2.57 ISK 317

$1.29 ฿42.16

99.22%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

$7.84 ฿256

994.01%

Gasoline (1 liter)

$2.52 ISK 310

$1.27 ฿41.62

98.43%

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

$47.2K ISK 5.8M

$21.3K ฿695.5K

121.72%

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

$51.8K ISK 6.4M

$22.2K ฿726.1K

133.28%

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

$86.9 ISK 10.7K

$69.1 ฿2,258

25.74%

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

$26.94 ISK 3,317

$14.08 ฿460

91.34%

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.6K

$18.00 ฿588

377.33%

Gym Membership (Monthly)

$83.4 ISK 10.3K

$41.06 ฿1,342

103.17%

Tennis Court (1 Hour on Weekend)

$37.54 ISK 4,623

$6.96 ฿227

439.37%

Cinema Ticket

$17.53 ISK 2,159

$5.92 ฿193

196.11%

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

$321 ISK 39.5K

$299 ฿9,775

7.26%

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.7M

$15.0K ฿488.8K

101.71%

Jeans (Levis 501 Or Similar)

$140 ISK 17.2K

$54.7 ฿1,788

155.69%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,456

$26.77 ฿875

126.19%

Sport Shoes (Adidas, Nike)

$181 ISK 22.3K

$85.0 ฿2,778

112.74%

Men's Leather Business Shoes

$263 ISK 32.4K

$70.6 ฿2,308

273.13%

1-bedroom Apartment, City Center (Monthly)

$2,175 ISK 267.8K

$428 ฿14.0K

407.96%

1-bedroom Apartment, Outside City Center (Monthly)

$2,023 ISK 249.2K

$237 ฿7,759

752.49%

3-bedroom Apartment, City Center (Monthly)

$3,139 ISK 386.6K

$801 ฿26.2K

291.75%

3-bedroom Apartment, Outside City Center (Monthly)

$2,738 ISK 337.1K

$515 ฿16.9K

431.07%

Buy Apartment in City Center (m2)

$8,022 ISK 987.9K

$1,975 ฿64.5K

306.26%

Buy Apartment Outside City Center (m2)

$6,223 ISK 766.3K

$1,475 ฿48.2K

321.88%

Average Monthly Net Salary (After Tax)

$4,441 ISK 546.9K

$617 ฿20.2K

619.24%

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: May 30, 2026

Last update for Chiang Mai: May 31, 2026

Cost Breakdown

A central one-bedroom costs $2,175 in Reykjavik versus $428 in Chiang Mai. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 619% 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 $144 in Reykjavik versus $19.00 in Chiang Mai. Monthly groceries follow the same trend: $599 vs $246 – making Chiang Mai the more affordable choice for daily food spending.

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 Chiang Mai: Cost of Living - Frequently Asked Questions

Reykjavik costs about 348% more than Chiang Mai, with the gap driven mainly by Eating Out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $5,824 per month in Reykjavik and $1,300 in Chiang Mai. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Chiang Mai, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $321 per month in Reykjavik and $299 in Chiang Mai. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 143% 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 Chiang Mai, where all-in costs run around $866, than in Reykjavik at $3,883. In Chiang Mai it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Chiang Mai costs $866 versus $3,883 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 Chiang Mai. 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.