Cost of Living Comparison Between Reykjavik and Da Nang Cost of Living Comparison Between Reykjavik and Da Nang

Monthly Cost of Living

A single person spends $3,883 per month in Reykjavik vs $720 in Da Nang, rent included.

A couple spends around $5,535 per month in Reykjavik vs $1,104 in Da Nang, rent included.

A family of three spends $7,188 per month in Reykjavik vs $1,488 in Da Nang, rent included.

Reykjavik costs about 439% more than Da Nang, driven mainly by Groceries & Markets.

Reykjavik sits 190% above the global median, while Da Nang is 46% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$27.17 ISK 3,346

$1.97 ₫51.8K

1279.19%

Three-Course Dinner for Two, Mid-Range

$144 ISK 17.7K

$18.92 ₫497.5K

658.62%

Fast Food Meal (McDonalds, etc)

$22.42 ISK 2,761

$4.60 ₫120.9K

387.39%

Cappuccino

$6.19 ISK 763

$1.63 ₫42.9K

279.75%

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

$3.28 ISK 405

$0.50 ₫13.1K

556.00%

Water (0.33 liter bottle)

$2.53 ISK 311

$0.29 ₫7,500

772.41%

Local Beer (0.5 liter draught)

$13.11 ISK 1,615

$1.02 ₫26.9K

1185.29%

Imported Beer (0.33 liter bottle)

$11.43 ISK 1,408

$1.60 ₫42.0K

614.38%

Milk (1 liter)

$1.94 ISK 239

$1.43 ₫37.5K

35.66%

White Bread (500g)

$4.29 ISK 528

$1.02 ₫26.9K

320.59%

Rice (white) (1kg)

$3.72 ISK 458

$1.15 ₫30.4K

223.48%

Eggs

$6.53 ISK 804

$1.42 ₫37.5K

359.86%

Local Cheese (1kg)

$17.88 ISK 2,202

$12.25 ₫322.0K

45.96%

Chicken Fillets (1kg)

$24.10 ISK 2,968

$3.63 ₫95.6K

563.91%

Beef Round Steak (1kg)

$42.88 ISK 5,281

$10.13 ₫266.4K

323.30%

Apples (1kg)

$3.35 ISK 412

$2.75 ₫72.2K

21.82%

Banana (1kg)

$2.51 ISK 309

$1.00 ₫26.2K

151.00%

Oranges (1kg)

$3.13 ISK 385

$1.09 ₫28.6K

187.16%

Tomato (1kg)

$4.89 ISK 602

$1.07 ₫28.1K

357.01%

Potato (1kg)

$3.71 ISK 457

$1.13 ₫29.8K

228.32%

Onion (1kg)

$2.32 ISK 285

$1.15 ₫30.2K

101.74%

Lettuce (1 head)

$3.07 ISK 378

$1.04 ₫27.4K

195.19%

Water (1.5 liter bottle)

$1.99 ISK 246

$0.48 ₫12.6K

314.58%

Cigarettes 20 Pack (Marlboro, Camel)

$13.85 ISK 1,705

$1.36 ₫35.7K

918.38%

Wine (Bottle)

$23.47 ISK 2,891

$7.71 ₫202.7K

204.41%

Local Beer (0.5 liter bottle)

$3.62 ISK 446

$0.86 ₫22.7K

320.93%

Imported Beer (0.33 liter bottle)

$3.38 ISK 416

$1.66 ₫43.8K

103.61%

One-way Ticket (Public Transport)

$5.10 ISK 628

$0.32 ₫8,330

1493.75%

Public Transport Monthly Pass (Regular Price)

$85.4 ISK 10.5K

$3.92 ₫103.0K

2077.55%

Taxi Start (Normal Tariff)

$6.28 ISK 773

$0.90 ₫23.6K

597.78%

Taxi (Normal Tariff) (1km)

$2.57 ISK 317

$0.69 ₫18.1K

272.46%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

$11.67 ₫306.9K

634.96%

Gasoline (1 liter)

$2.52 ISK 310

$0.89 ₫23.5K

183.15%

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

$47.2K ISK 5.8M

$26.8K ₫705.5M

75.81%

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

$51.8K ISK 6.4M

$28.1K ₫738.8M

84.39%

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

$86.9 ISK 10.7K

$74.3 ₫2.0M

16.88%

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

$26.94 ISK 3,317

$5.71 ₫150.2K

371.80%

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.6K

$8.07 ₫212.3K

964.68%

Gym Membership (Monthly)

$83.4 ISK 10.3K

$20.37 ₫535.7K

309.52%

Tennis Court (1 Hour on Weekend)

$37.54 ISK 4,623

$7.65 ₫201.1K

390.72%

Cinema Ticket

$17.53 ISK 2,159

$3.11 ₫81.7K

463.67%

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

$321 ISK 39.5K

$156 ₫4.1M

106.24%

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.7M

$12.7K ₫334.1M

137.33%

Jeans (Levis 501 Or Similar)

$140 ISK 17.2K

$38.62 ₫1.0M

262.14%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,456

$26.00 ₫683.5K

132.88%

Sport Shoes (Adidas, Nike)

$181 ISK 22.3K

$52.7 ₫1.4M

242.83%

Men's Leather Business Shoes

$263 ISK 32.4K

$75.8 ₫2.0M

247.76%

1-bedroom Apartment, City Center (Monthly)

$2,175 ISK 267.8K

$360 ₫9.5M

504.20%

1-bedroom Apartment, Outside City Center (Monthly)

$2,023 ISK 249.2K

$249 ₫6.5M

713.72%

3-bedroom Apartment, City Center (Monthly)

$3,139 ISK 386.6K

$727 ₫19.1M

331.94%

3-bedroom Apartment, Outside City Center (Monthly)

$2,738 ISK 337.1K

$459 ₫12.1M

497.01%

Buy Apartment in City Center (m2)

$8,022 ISK 987.9K

$3,870 ₫101.7M

107.29%

Buy Apartment Outside City Center (m2)

$6,223 ISK 766.3K

$1,283 ₫33.7M

384.90%

Average Monthly Net Salary (After Tax)

$4,441 ISK 546.9K

$353 ₫9.3M

1157.71%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

10.67

-9.75%

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

Last update for Reykjavik: May 30, 2026

Last update for Da Nang: May 30, 2026

Cost Breakdown

A central one-bedroom costs $2,175 in Reykjavik versus $360 in Da Nang. 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 1158% 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 Da Nang. Monthly groceries follow the same trend: $599 vs $188 – making Da Nang 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 Da Nang: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $3,883 in Reykjavik, $720 in Da Nang – roughly 439% apart. Reykjavik costs more across the board, with Groceries & Markets showing the biggest gap.

For a comfortable life, plan on about $5,824 per month in Reykjavik and $1,080 in Da Nang. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Groceries cost about 218% 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 mid-range dinner for two costs $144 in Reykjavik and $19.00 in Da Nang. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Da Nang, where all-in costs run around $720, than in Reykjavik at $3,883. In Da Nang it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Da Nang has an edge in some lifestyle areas, with costs from $720 in Da Nang to $3,883 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 Da Nang. 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.