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 $3,869 per month in Reykjavik vs $704 in Da Nang, rent included.

A couple spends around $5,475 per month in Reykjavik vs $1,081 in Da Nang, rent included.

A family of three spends $7,081 per month in Reykjavik vs $1,458 in Da Nang, rent included.

Reykjavik costs about 449% more than Da Nang, driven mainly by Eating Out.

Reykjavik sits 190% above the global median, while Da Nang is 47% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$27.43 ISK 3,418

$1.93 ₫50.8K

1321.24%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.7K

$19.46 ₫511.6K

630.52%

Fast Food Meal (McDonalds, etc)

$22.54 ISK 2,809

$4.65 ₫122.2K

384.73%

Cappuccino

$6.05 ISK 754

$1.61 ₫42.3K

275.78%

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

$3.22 ISK 402

$0.51 ₫13.4K

531.37%

Water (0.33 liter bottle)

$2.52 ISK 314

$0.29 ₫7,592

768.97%

Local Beer (0.5 liter draught)

$12.93 ISK 1,611

$1.07 ₫28.2K

1108.41%

Imported Beer (0.33 liter bottle)

$11.39 ISK 1,420

$1.59 ₫41.7K

616.35%

Milk (1 liter)

$1.89 ISK 235

$1.38 ₫36.3K

36.96%

White Bread (500g)

$4.19 ISK 522

$0.95 ₫24.9K

341.05%

Rice (white) (1kg)

$3.54 ISK 441

$1.17 ₫30.7K

202.56%

Eggs

$6.31 ISK 786

$1.43 ₫37.5K

341.26%

Local Cheese (1kg)

$18.00 ISK 2,243

$12.59 ₫331.0K

42.97%

Chicken Fillets (1kg)

$24.46 ISK 3,048

$3.64 ₫95.8K

571.98%

Beef Round Steak (1kg)

$41.94 ISK 5,226

$9.79 ₫257.3K

328.40%

Apples (1kg)

$3.33 ISK 415

$2.76 ₫72.4K

20.65%

Banana (1kg)

$2.40 ISK 300

$0.94 ₫24.8K

155.32%

Oranges (1kg)

$3.03 ISK 377

$1.12 ₫29.4K

170.54%

Tomato (1kg)

$5.13 ISK 639

$1.05 ₫27.6K

388.57%

Potato (1kg)

$3.66 ISK 455

$1.10 ₫28.9K

232.73%

Onion (1kg)

$2.42 ISK 302

$1.19 ₫31.4K

103.36%

Lettuce (1 head)

$3.17 ISK 394

$1.00 ₫26.3K

217.00%

Water (1.5 liter bottle)

$1.93 ISK 241

$0.48 ₫12.7K

302.08%

Cigarettes 20 Pack (Marlboro, Camel)

$13.76 ISK 1,714

$1.38 ₫36.3K

897.10%

Wine (Bottle)

$22.67 ISK 2,825

$7.52 ₫197.8K

201.46%

Local Beer (0.5 liter bottle)

$3.75 ISK 467

$0.81 ₫21.4K

362.96%

Imported Beer (0.33 liter bottle)

$3.26 ISK 406

$1.60 ₫42.1K

103.75%

One-way Ticket (Public Transport)

$5.30 ISK 661

$0.32 ₫8,321

1556.25%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

$3.73 ₫98.2K

2265.15%

Taxi Start (Normal Tariff)

$6.51 ISK 811

$0.82 ₫21.5K

693.90%

Taxi (Normal Tariff) (1km)

$2.57 ISK 321

$0.69 ₫18.3K

272.46%

Taxi 1hour Waiting (Normal Tariff)

$86.4 ISK 10.8K

$12.03 ₫316.4K

618.37%

Gasoline (1 liter)

$2.52 ISK 314

$0.91 ₫24.0K

176.92%

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

$47.7K ISK 5.9M

$27.2K ₫715.2M

75.49%

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

$51.8K ISK 6.5M

$28.1K ₫739.3M

84.39%

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

$87.1 ISK 10.9K

$74.1 ₫1.9M

17.61%

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

$27.13 ISK 3,380

$5.97 ₫157.0K

354.44%

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.6K

$8.07 ₫212.3K

958.24%

Gym Membership (Monthly)

$84.0 ISK 10.5K

$20.06 ₫527.5K

318.89%

Tennis Court (1 Hour on Weekend)

$38.12 ISK 4,750

$7.52 ₫197.6K

406.91%

Cinema Ticket

$17.35 ISK 2,162

$3.00 ₫78.9K

478.33%

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

$319 ISK 39.8K

$153 ₫4.0M

108.48%

International Primary School, 1 Child (Yearly)

$30.7K ISK 3.8M

$12.8K ₫336.9M

139.40%

Jeans (Levis 501 Or Similar)

$138 ISK 17.1K

$39.61 ₫1.0M

247.19%

Summer Dress (H&M, Zara, etc)

$62.8 ISK 7,821

$25.60 ₫673.1K

145.20%

Sport Shoes (Adidas, Nike)

$182 ISK 22.7K

$52.7 ₫1.4M

245.34%

Men's Leather Business Shoes

$269 ISK 33.5K

$76.9 ₫2.0M

249.94%

1-bedroom Apartment, City Center (Monthly)

$2,254 ISK 280.8K

$365 ₫9.6M

517.56%

1-bedroom Apartment, Outside City Center (Monthly)

$2,008 ISK 250.2K

$244 ₫6.4M

722.79%

3-bedroom Apartment, City Center (Monthly)

$3,231 ISK 402.6K

$732 ₫19.2M

341.52%

3-bedroom Apartment, Outside City Center (Monthly)

$2,756 ISK 343.4K

$458 ₫12.0M

502.01%

Buy Apartment in City Center (m2)

$7,955 ISK 991.2K

$3,767 ₫99.0M

111.21%

Buy Apartment Outside City Center (m2)

$6,156 ISK 767.1K

$1,304 ₫34.3M

371.95%

Average Monthly Net Salary (After Tax)

$4,438 ISK 553.0K

$359 ₫9.4M

1136.29%

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: July 11, 2026

Last update for Da Nang: July 14, 2026

Cost Breakdown

A central one-bedroom costs $2,254 in Reykjavik versus $365 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 1136% 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 $142 in Reykjavik versus $19.00 in Da Nang. Monthly groceries follow the same trend: $593 vs $186 – 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: $3,869 in Reykjavik, $704 in Da Nang – roughly 449% apart. Reykjavik costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $5,803 per month in Reykjavik and $1,056 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 219% 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 $142 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 $704, than in Reykjavik at $3,869. 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 $704 in Da Nang to $3,869 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.