Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Concepcion

For one person, living is cheaper in Concepcion: $1,060 a month against $4,037 in Reykjavik, rent and utilities included – about $35,700 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
51

Cost of Living Index in Concepcion
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Concepcion Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Concepcion

🇨🇱 Chile

$1,060

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Concepcion

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

Monthly costs for one person with rent: $4,037 in Reykjavik versus $1,060 in Concepcion.

Reykjavik $4,037
Concepcion $1,060

Estimated couple costs with rent: $5,666 in Reykjavik versus $1,654 in Concepcion.

Reykjavik $5,666
Concepcion $1,654

Monthly costs for a family of three with rent: $7,295 in Reykjavik versus $2,247 in Concepcion.

Reykjavik $7,295
Concepcion $2,247

Living in Reykjavik is roughly 281% more expensive than in Concepcion, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 201% above, Concepcion is 21% below.

Meal at Budget Restaurant

$30.59 ISK 3,730

$7.02 CLP 6,844

335.75%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$45.59 CLP 44.5K

197.24%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$7.64 CLP 7,454

254.45%

Cappuccino

$6.72 ISK 819

$2.83 CLP 2,760

137.46%

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

$3.27 ISK 399

$1.43 CLP 1,391

128.67%

Water (0.33 liter bottle)

$3.16 ISK 386

$1.05 CLP 1,022

200.95%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$3.89 CLP 3,797

257.58%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$3.74 CLP 3,650

222.46%

Milk (1 liter)

$2.04 ISK 248

$1.26 CLP 1,227

61.90%

White Bread (500g)

$4.32 ISK 527

$1.51 CLP 1,469

186.09%

Rice (white) (1kg)

$3.67 ISK 447

$1.53 CLP 1,488

139.87%

Eggs

$7.02 ISK 856

$3.63 CLP 3,538

93.39%

Local Cheese (1kg)

$22.01 ISK 2,684

$10.94 CLP 10.7K

101.19%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$6.65 CLP 6,484

271.43%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$11.78 CLP 11.5K

262.14%

Apples (1kg)

$3.37 ISK 412

$1.45 CLP 1,413

132.41%

Banana (1kg)

$2.85 ISK 347

$1.35 CLP 1,315

111.11%

Oranges (1kg)

$3.17 ISK 387

$1.49 CLP 1,453

112.75%

Tomato (1kg)

$6.39 ISK 779

$1.41 CLP 1,370

353.19%

Potato (1kg)

$4.01 ISK 489

$1.04 CLP 1,013

285.58%

Onion (1kg)

$1.64 ISK 200

$1.31 CLP 1,277

25.19%

Lettuce (1 head)

$3.80 ISK 463

$1.12 CLP 1,089

239.29%

Water (1.5 liter bottle)

$1.74 ISK 212

$1.18 CLP 1,152

47.46%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$5.09 CLP 4,959

171.12%

Wine (Bottle)

$23.38 ISK 2,851

$5.01 CLP 4,881

366.67%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$0.96 CLP 940

267.71%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$1.69 CLP 1,645

104.14%

One-way Ticket (Public Transport)

$5.77 ISK 704

$0.55 CLP 539

949.09%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$31.51 CLP 30.7K

201.94%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$1.20 CLP 1,169

452.50%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$2.25 CLP 2,198

24.00%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$12.28 CLP 12.0K

562.62%

Gasoline (1 liter)

$2.11 ISK 257

$1.37 CLP 1,336

54.01%

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

$50.8K ISK 6.2M

$19.9K CLP 19.4M

154.82%

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

$52.7K ISK 6.4M

$24.7K CLP 24.1M

113.71%

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

$88.7 ISK 10.8K

$108 CLP 105.2K

-17.85%

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

$31.53 ISK 3,845

$13.06 CLP 12.7K

141.42%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$27.55 CLP 26.9K

207.22%

Gym Membership (Monthly)

$100 ISK 12.2K

$29.45 CLP 28.7K

240.85%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

$10.48 CLP 10.2K

359.92%

Cinema Ticket

$19.87 ISK 2,424

$5.74 CLP 5,596

246.17%

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

$1,277 ISK 155.8K

$318 CLP 309.6K

302.32%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$4,329 CLP 4.2M

615.03%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$45.10 CLP 44.0K

256.67%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$22.28 CLP 21.7K

191.29%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$63.8 CLP 62.2K

186.45%

Men's Leather Business Shoes

$254 ISK 31.0K

$64.7 CLP 63.0K

292.70%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$474 CLP 461.9K

427.65%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$346 CLP 337.0K

478.69%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$955 CLP 931.2K

261.46%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$643 CLP 627.1K

326.40%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

$2,137 CLP 2.1M

274.36%

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

$1,810 CLP 1.8M

245.25%

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$542 CLP 528.2K

765.95%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

5.3

66.23%

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

Last update for Reykjavik: October 4, 2026

Last update for Concepcion: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Concepcion

$346 33.2% 82.7% $1.7K

Groceries & Markets

Reykjavik

$625 15.9%

Concepcion

$221 21.2% 64.7% $404

Eating Out

Reykjavik

$526 13.4%

Concepcion

$150 14.4% 71.5% $376

Clothing & Footwear

Reykjavik

$298 7.6%

Concepcion

$88 8.5% 70.4% $210

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Concepcion

$149 14.3% 27.5% $56

Sport & Entertainment

Reykjavik

$140 3.6%

Concepcion

$41 3.9% 70.8% $99

Getting Around

Reykjavik

$139 3.5%

Concepcion

$46 4.4% 66.7% $93

Cost Breakdown

A one-bedroom apartment in the center runs $2,499 in Reykjavik and $474 in Concepcion. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 766% 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 $46.00 in Concepcion for a mid-range dinner for two. Groceries echo the gap at $625 vs $221 per month, with Concepcion cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇨🇱 Concepcion

🕒 Local time

10:11 10:11 AM

07:11 7:11 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

217,537

💱 Currency

Icelandic Króna ISK kr

Chilean Peso CLP $

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

10,000 CLP = 10.26 USD

10,000 CLP = 9.15 EUR

Exchange rates and currency converter

CLP, 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).

Chilean Peso exchange rates as of October 10, 2026: 1 USD = 975 CLP (1,000 CLP = 1.03 USD). 1 EUR = 1,093 CLP (10,000 CLP = 9.15 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Concepcion 12,080 km ≈ 16 h nonstop flight

From you

Reykjavik
Concepcion

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 Concepcion: Cost of Living - Frequently Asked Questions

Reykjavik and Concepcion differ by about 281% in total monthly costs ($4,037 vs $1,060 including rent). Concepcion is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 766% 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 $474 in Concepcion. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 183% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Concepcion – a meal for two runs $46.00 versus $136 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,060 in Concepcion versus $4,037 in Reykjavik, a $2,000 budget is realistic in Concepcion but tight or insufficient in Reykjavik. The gap between the two cities makes Concepcion 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 Concepcion 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 Concepcion gentler on the wallet – expenses run 281% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.