Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Ciudad del Este

For one person, living is cheaper in Ciudad del Este: $799 a month against $4,002 in Reykjavik, rent and utilities included – about $38,400 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
39

Cost of Living Index in Ciudad del Este
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Ciudad del Este Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Ciudad del Este

🇵🇾 Paraguay

$799

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Ciudad del Este

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 Ciudad del Este actually costs, broken down by who's living it.

A single person spends $4,002 per month in Reykjavik vs $799 in Ciudad del Este, rent included.

Reykjavik $4,002
Ciudad del Este $799

A couple spends around $5,705 per month in Reykjavik vs $1,500 in Ciudad del Este, rent included.

Reykjavik $5,705
Ciudad del Este $1,500

A family of three spends $7,407 per month in Reykjavik vs $2,201 in Ciudad del Este, rent included.

Reykjavik $7,407
Ciudad del Este $2,201

Reykjavik costs about 401% more than Ciudad del Este, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Ciudad del Este is 41% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$6.08 ₲34.6K

419.08%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$22.70 ₲129.1K

438.99%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$5.87 ₲33.4K

357.58%

Cappuccino

$6.81 ISK 827

$2.31 ₲13.1K

194.81%

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

$3.39 ISK 411

$0.99 ₲5,638

242.42%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.61 ₲3,492

424.59%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$1.03 ₲5,838

1272.82%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$1.74 ₲9,914

607.47%

Milk (1 liter)

$2.10 ISK 255

$1.13 ₲6,405

85.84%

White Bread (500g)

$4.19 ISK 508

$1.55 ₲8,812

170.32%

Rice (white) (1kg)

$3.72 ISK 451

$1.27 ₲7,206

192.91%

Eggs

$7.05 ISK 856

$2.21 ₲12.6K

219.00%

Local Cheese (1kg)

$21.56 ISK 2,615

$9.15 ₲52.0K

135.63%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$3.89 ₲22.1K

534.45%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$8.35 ₲47.5K

405.27%

Apples (1kg)

$3.23 ISK 392

$2.05 ₲11.7K

57.56%

Banana (1kg)

$2.73 ISK 331

$1.27 ₲7,249

114.96%

Oranges (1kg)

$3.17 ISK 384

$0.98 ₲5,596

223.47%

Tomato (1kg)

$6.61 ISK 802

$1.27 ₲7,231

420.47%

Potato (1kg)

$3.85 ISK 467

$0.93 ₲5,284

313.98%

Onion (1kg)

$1.66 ISK 201

$0.94 ₲5,368

76.60%

Lettuce (1 head)

$3.80 ISK 461

$0.49 ₲2,797

675.51%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.42 ₲2,399

316.67%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$1.37 ₲7,814

900.73%

Wine (Bottle)

$24.21 ISK 2,937

$5.40 ₲30.7K

348.33%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$0.75 ₲4,286

370.67%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$1.74 ₲9,881

90.80%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.91 ₲5,160

531.87%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.55 ₲8,801

326.45%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.57 ₲8,923

84.71%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$10.48 ₲59.6K

655.34%

Gasoline (1 liter)

$2.09 ISK 253

$1.22 ₲6,955

71.31%

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

$51.0K ISK 6.2M

$17.5K ₲99.2M

192.28%

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

$53.3K ISK 6.5M

$17.3K ₲98.2M

208.40%

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

$95.3 ISK 11.6K

$51.9 ₲295.2K

83.51%

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

$32.35 ISK 3,923

$17.90 ₲101.8K

80.73%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$18.98 ₲107.9K

361.22%

Gym Membership (Monthly)

$102 ISK 12.4K

$29.72 ₲169.0K

242.73%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$14.30 ₲81.3K

250.21%

Cinema Ticket

$19.88 ISK 2,412

$6.20 ₲35.3K

220.65%

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

$1,194 ISK 144.8K

$185 ₲1.1M

545.95%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$1,909 ₲10.9M

1231.03%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$64.1 ₲364.6K

132.39%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$33.87 ₲192.6K

96.69%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$99.6 ₲566.4K

80.60%

Men's Leather Business Shoes

$253 ISK 30.7K

$56.8 ₲323.2K

345.53%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$354 ₲2.0M

619.93%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$261 ₲1.5M

688.09%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$744 ₲4.2M

370.08%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$980 ₲5.6M

181.95%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$1,923 ₲10.9M

322.25%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,420 ₲8.1M

340.47%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$610 ₲3.5M

650.26%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.15

-13.20%

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

Last update for Reykjavik: October 12, 2026

Last update for Ciudad del Este: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Ciudad del Este

$261 32.7% 87.3% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Ciudad del Este

$171 21.4% 72.6% $452

Eating Out

Reykjavik

$536 13.4%

Ciudad del Este

$109 13.6% 79.7% $427

Clothing & Footwear

Reykjavik

$292 7.3%

Ciudad del Este

$115 14.3% 60.8% $177

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Ciudad del Este

$89 11.1% 58.7% $126

Sport & Entertainment

Reykjavik

$142 3.5%

Ciudad del Este

$42 5.3% 70.3% $100

Getting Around

Reykjavik

$138 3.5%

Ciudad del Este

$13 * 1.6% 90.6% $125

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $354 in Ciudad del Este. 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 650% 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 $23.00 in Ciudad del Este. Monthly groceries follow the same trend: $623 vs $171 – making Ciudad del Este the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇵🇾 Ciudad del Este

🕒 Local time

23:55 11:55 PM

20:55 8:55 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

320,782

💱 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 17, 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 17, 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

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Highest

Between locations

Reykjavik Ciudad del Este 10,370 km ≈ 13 h nonstop flight

From you

Reykjavik
Ciudad del Este

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 Ciudad del Este: Cost of Living - Frequently Asked Questions

Yes – Reykjavik is pricier by about 401%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $1,198 in Ciudad del Este. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

A mid-range dinner for two costs $122 in Reykjavik and $23.00 in Ciudad del Este. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 265% 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 $1,500 monthly budget goes further in Ciudad del Este, where all-in costs run around $799, than in Reykjavik at $4,002. In Ciudad del Este it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

Families tend to lean toward Ciudad del Este – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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 Ciudad del Este. 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.