Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Concon

For one person, living is cheaper in Concon: $673 a month against $4,002 in Reykjavik, rent and utilities included – about $39,900 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
33

Cost of Living Index in Concon
Learn more

Concon Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Concon

🇨🇱 Chile

$673

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Concon

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

A single person spends $4,002 per month in Reykjavik vs $673 in Concon, rent included.

Reykjavik $4,002
Concon $673

A couple spends around $5,705 per month in Reykjavik vs $1,076 in Concon, rent included.

Reykjavik $5,705
Concon $1,076

A family of three spends $7,407 per month in Reykjavik vs $1,479 in Concon, rent included.

Reykjavik $7,407
Concon $1,479

Reykjavik costs about 495% more than Concon, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Concon is 50% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$10.19 CLP 10.0K

209.72%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$38.45 CLP 37.9K

218.21%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$6.68 CLP 6,579

302.10%

Cappuccino

$6.81 ISK 827

$2.90 CLP 2,852

134.83%

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

$3.39 ISK 411

$1.05 CLP 1,033

222.86%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.95 CLP 934

236.84%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$3.61 CLP 3,556

291.69%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$4.63 CLP 4,555

165.87%

Milk (1 liter)

$2.10 ISK 255

$1.04 CLP 1,020

101.92%

White Bread (500g)

$4.19 ISK 508

$1.50 CLP 1,477

179.33%

Rice (white) (1kg)

$3.72 ISK 451

$1.64 CLP 1,617

126.83%

Eggs

$7.05 ISK 856

$3.06 CLP 3,012

130.39%

Local Cheese (1kg)

$21.56 ISK 2,615

$11.14 CLP 11.0K

93.54%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$6.92 CLP 6,816

256.65%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$10.82 CLP 10.6K

289.93%

Apples (1kg)

$3.23 ISK 392

$1.05 CLP 1,029

207.62%

Banana (1kg)

$2.73 ISK 331

$1.00 CLP 982

173.00%

Oranges (1kg)

$3.17 ISK 384

$1.03 CLP 1,017

207.77%

Tomato (1kg)

$6.61 ISK 802

$1.20 CLP 1,184

450.83%

Potato (1kg)

$3.85 ISK 467

$0.30 CLP 291

1183.33%

Onion (1kg)

$1.66 ISK 201

$1.00 CLP 981

66.00%

Lettuce (1 head)

$3.80 ISK 461

$0.53 CLP 523

616.98%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.01 CLP 992

73.27%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$5.24 CLP 5,153

161.64%

Wine (Bottle)

$24.21 ISK 2,937

$3.03 CLP 2,985

699.01%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.50 CLP 1,477

135.33%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.27 CLP 2,237

46.26%

One-way Ticket (Public Transport)

$5.75 ISK 697

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

$0.39 CLP 386

1594.87%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.84 CLP 825

245.24%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$11.77 CLP 11.6K

572.56%

Gasoline (1 liter)

$2.09 ISK 253

$1.50 CLP 1,481

39.33%

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

$51.0K ISK 6.2M

$18.0K CLP 17.7M

183.66%

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

$53.3K ISK 6.5M

$21.7K CLP 21.4M

145.14%

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

$95.3 ISK 11.6K

$148 CLP 145.9K

-35.73%

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

$32.35 ISK 3,923

$12.27 CLP 12.1K

163.65%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$18.88 CLP 18.6K

363.67%

Gym Membership (Monthly)

$102 ISK 12.4K

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$14.55 CLP 14.3K

244.19%

Cinema Ticket

$19.88 ISK 2,412

$7.30 CLP 7,186

172.33%

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

$1,194 ISK 144.8K

$437 CLP 430.1K

173.28%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$11.1K CLP 11.0M

128.29%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$50.0 CLP 49.2K

198.06%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$29.06 CLP 28.6K

129.25%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$66.0 CLP 65.0K

172.38%

Men's Leather Business Shoes

$253 ISK 30.7K

$79.7 CLP 78.5K

217.62%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$408 CLP 401.8K

524.43%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$619 CLP 609.1K

465.24%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

5.39

63.45%

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

Last update for Reykjavik: October 12, 2026

Last update for Concon: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Concon

- * 0% 100%

Groceries & Markets

Reykjavik

$623 15.6%

Concon

$201 29.9% 67.7% $421

Eating Out

Reykjavik

$536 13.4%

Concon

$172 25.5% 68% $365

Clothing & Footwear

Reykjavik

$292 7.3%

Concon

$101 15% 65.3% $191

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Concon

$179 26.7% 16.6% $36

Sport & Entertainment

Reykjavik

$142 3.5%

Concon

$15 * 2.2% 89.7% $127

Getting Around

Reykjavik

$138 3.5%

Concon

$4.6 * 0.7% 96.7% $133

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 $408 in Concon. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $122 in Reykjavik versus $38.00 in Concon. Monthly groceries follow the same trend: $623 vs $201 – making Concon the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇨🇱 Concon

🕒 Local time

17:41 5:41 PM

14:41 2:41 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

39,345

💱 Currency

Icelandic Króna ISK kr

Chilean Peso CLP $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 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 17, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Chilean Peso exchange rates as of October 17, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Concon 11,630 km ≈ 15 h nonstop flight

From you

Reykjavik
Concon

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 Concon: Cost of Living - Frequently Asked Questions

Reykjavik costs about 495% more than Concon, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $1,009 in Concon. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $4,002 in Reykjavik and $673 in Concon. That's a gap of about 495%.

Kindergarten costs $1,194 per month in Reykjavik and $437 in Concon. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Concon, where all-in costs run around $673, than in Reykjavik at $4,002. In Concon it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Concon costs $673 versus $4,002 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 Concon. 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.