Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Concordia

For one person, living is cheaper in Concordia: $1,176 a month against $4,002 in Reykjavik, rent and utilities included – about $33,900 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
60

Cost of Living Index in Concordia
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Concordia Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Concordia

🇦🇷 Argentina

$1,176

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Concordia

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

A single person spends $4,002 per month in Reykjavik vs $1,176 in Concordia, rent included.

Reykjavik $4,002
Concordia $1,176

A couple spends around $5,705 per month in Reykjavik vs $2,057 in Concordia, rent included.

Reykjavik $5,705
Concordia $2,057

A family of three spends $7,407 per month in Reykjavik vs $2,938 in Concordia, rent included.

Reykjavik $7,407
Concordia $2,938

Reykjavik costs about 240% more than Concordia, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Concordia is 13% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$16.50 ARS 25.0K

91.27%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$57.9 ARS 87.8K

111.50%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$14.29 ARS 21.7K

87.96%

Cappuccino

$6.81 ISK 827

$3.85 ARS 5,840

76.88%

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

$3.39 ISK 411

$2.25 ARS 3,419

50.67%

Water (0.33 liter bottle)

$3.20 ISK 388

$1.91 ARS 2,904

67.54%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$3.88 ARS 5,890

264.43%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$3.72 ARS 5,642

230.91%

Milk (1 liter)

$2.10 ISK 255

$1.37 ARS 2,079

53.28%

White Bread (500g)

$4.19 ISK 508

$2.03 ARS 3,080

106.40%

Rice (white) (1kg)

$3.72 ISK 451

$2.13 ARS 3,235

74.65%

Eggs

$7.05 ISK 856

$2.77 ARS 4,208

154.51%

Local Cheese (1kg)

$21.56 ISK 2,615

$11.19 ARS 17.0K

92.67%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$7.47 ARS 11.3K

230.39%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$12.42 ARS 18.8K

239.69%

Apples (1kg)

$3.23 ISK 392

$2.13 ARS 3,232

51.64%

Banana (1kg)

$2.73 ISK 331

$2.02 ARS 3,062

35.15%

Oranges (1kg)

$3.17 ISK 384

$1.63 ARS 2,469

94.48%

Tomato (1kg)

$6.61 ISK 802

$2.63 ARS 3,995

151.33%

Potato (1kg)

$3.85 ISK 467

$0.94 ARS 1,433

309.57%

Onion (1kg)

$1.66 ISK 201

$0.90 ARS 1,362

84.44%

Lettuce (1 head)

$3.80 ISK 461

Water (1.5 liter bottle)

$1.75 ISK 212

$1.65 ARS 2,506

6.06%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$3.76 ARS 5,705

264.63%

Wine (Bottle)

$24.21 ISK 2,937

$5.03 ARS 7,635

381.31%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.99 ARS 3,016

77.39%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$3.23 ARS 4,902

2.79%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.91 ARS 1,386

531.87%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.57 ARS 2,379

321.02%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

Gasoline (1 liter)

$2.09 ISK 253

$1.25 ARS 1,890

67.20%

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

$51.0K ISK 6.2M

$27.6K ARS 41.9M

84.73%

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

$53.3K ISK 6.5M

$32.5K ARS 49.3M

64.06%

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

$95.3 ISK 11.6K

$129 ARS 195.6K

-26.09%

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

$32.35 ISK 3,923

$15.93 ARS 24.2K

103.08%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$24.12 ARS 36.6K

262.94%

Gym Membership (Monthly)

$102 ISK 12.4K

$28.64 ARS 43.5K

255.66%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$19.88 ISK 2,412

$8.01 ARS 12.2K

148.19%

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

$1,194 ISK 144.8K

$300 ARS 455.7K

297.57%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$106 ARS 160.3K

41.06%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$114 ARS 172.6K

58.12%

Men's Leather Business Shoes

$253 ISK 30.7K

$126 ARS 190.9K

101.35%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$526 ARS 797.8K

384.83%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$282 ARS 428.6K

628.01%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$966 ARS 1.5M

261.98%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$894 ARS 1.4M

209.12%

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

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

Last update for Reykjavik: October 12, 2026

Last update for Concordia: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Concordia

$282 24% 86.3% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Concordia

$255 * 21.7% 59% $368

Eating Out

Reykjavik

$536 13.4%

Concordia

$265 22.5% 50.7% $272

Clothing & Footwear

Reykjavik

$292 7.3%

Concordia

$155 * 13.2% 46.8% $137

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Concordia

$169 14.4% 21.5% $46

Sport & Entertainment

Reykjavik

$142 3.5%

Concordia

$45 3.8% 68.5% $97

Getting Around

Reykjavik

$138 3.5%

Concordia

$5.2 * 0.4% 96.2% $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 $526 in Concordia. 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 $58.0 in Concordia. Monthly groceries follow the same trend: $623 vs $255 – making Concordia the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇦🇷 Concordia

🕒 Local time

17:37 5:37 PM

14:37 2:37 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

149,450

💱 Currency

Icelandic Króna ISK kr

Argentine Peso ARS $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 ARS = 6.59 USD

10,000 ARS = 5.86 EUR

Exchange rates and currency converter

ARS, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Argentine Peso exchange rates as of October 19, 2026: 1 USD = 1,517 ARS (10,000 ARS = 6.59 USD). 1 EUR = 1,706 ARS (10,000 ARS = 5.86 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Concordia 11,080 km ≈ 14 h nonstop flight

From you

Reykjavik
Concordia

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 Concordia: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,002 in Reykjavik, $1,176 in Concordia – roughly 240% apart. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $1,764 in Concordia. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Concordia, 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 $1,176 in Concordia. That's a gap of about 240%.

Kindergarten costs $1,194 per month in Reykjavik and $300 in Concordia. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Concordia, where all-in costs run around $1,176, than in Reykjavik at $4,002. In Concordia it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $1,176 in Concordia to $4,002 in Reykjavik. Climate, culture, job market, and personal taste all factor in.

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 Concordia. 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.