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 $4,048 per month in Reykjavik vs $874 in Da Nang, rent included.

A couple spends around $5,736 per month in Reykjavik vs $1,402 in Da Nang, rent included.

A family of three spends $7,424 per month in Reykjavik vs $1,930 in Da Nang, rent included.

Reykjavik costs about 363% more than Da Nang, driven mainly by Eating Out.

Reykjavik sits 195% above the global median, while Da Nang is 36% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$30.26 ISK 3,667

$2.33 ₫60.8K

1198.71%

Three-Course Dinner for Two, Mid-Range

$135 ISK 16.4K

$19.42 ₫506.4K

597.58%

Fast Food Meal (McDonalds, etc)

$26.29 ISK 3,186

$4.46 ₫116.3K

489.46%

Cappuccino

$6.95 ISK 842

$1.72 ₫44.9K

304.07%

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

$3.30 ISK 400

$0.68 ₫17.8K

385.29%

Water (0.33 liter bottle)

$3.35 ISK 406

$0.34 ₫8,933

885.29%

Local Beer (0.5 liter draught)

$14.06 ISK 1,704

$1.30 ₫33.9K

981.54%

Imported Beer (0.33 liter bottle)

$12.60 ISK 1,527

$2.36 ₫61.6K

433.90%

Milk (1 liter)

$2.10 ISK 254

$1.54 ₫40.2K

36.36%

White Bread (500g)

$4.47 ISK 542

$1.22 ₫31.9K

266.39%

Rice (white) (1kg)

$3.59 ISK 436

$1.06 ₫27.6K

238.68%

Eggs

$7.13 ISK 865

$1.52 ₫39.7K

369.08%

Local Cheese (1kg)

$21.34 ISK 2,586

$12.97 ₫338.0K

64.53%

Chicken Fillets (1kg)

$24.37 ISK 2,953

$4.05 ₫105.7K

501.73%

Beef Round Steak (1kg)

$42.10 ISK 5,102

$9.27 ₫241.8K

354.15%

Apples (1kg)

$3.35 ISK 406

$2.69 ₫70.2K

24.54%

Banana (1kg)

$2.82 ISK 341

$1.11 ₫28.9K

154.05%

Oranges (1kg)

$3.21 ISK 389

$1.33 ₫34.6K

141.35%

Tomato (1kg)

$6.24 ISK 756

$1.38 ₫35.9K

352.17%

Potato (1kg)

$4.01 ISK 487

$1.09 ₫28.5K

267.89%

Onion (1kg)

$1.70 ISK 206

$1.21 ₫31.6K

40.50%

Lettuce (1 head)

$3.83 ISK 464

$1.03 ₫26.9K

271.84%

Water (1.5 liter bottle)

$1.78 ISK 216

$0.52 ₫13.6K

242.31%

Cigarettes 20 Pack (Marlboro, Camel)

$13.75 ISK 1,666

$1.55 ₫40.5K

787.10%

Wine (Bottle)

$24.28 ISK 2,942

$7.71 ₫201.1K

214.92%

Local Beer (0.5 liter bottle)

$3.79 ISK 460

$0.90 ₫23.6K

321.11%

Imported Beer (0.33 liter bottle)

$3.45 ISK 418

$2.14 ₫55.8K

61.21%

One-way Ticket (Public Transport)

$5.81 ISK 704

$0.32 ₫8,222

1715.62%

Public Transport Monthly Pass (Regular Price)

$92.7 ISK 11.2K

$5.07 ₫132.1K

1728.99%

Taxi Start (Normal Tariff)

$6.84 ISK 829

$1.03 ₫26.9K

564.08%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.65 ₫17.0K

346.15%

Taxi 1hour Waiting (Normal Tariff)

$74.5 ISK 9,033

$19.08 ₫497.3K

290.67%

Gasoline (1 liter)

$2.00 ISK 242

$0.85 ₫22.2K

135.29%

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

$50.6K ISK 6.1M

$30.7K ₫801.3M

64.51%

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

$53.4K ISK 6.5M

$27.6K ₫718.3M

93.89%

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

$89.6 ISK 10.9K

$88.0 ₫2.3M

1.80%

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

$33.11 ISK 4,013

$6.28 ₫163.7K

427.23%

Internet (50+ Mbps, Unlimited Data)

$85.1 ISK 10.3K

$7.91 ₫206.3K

976.36%

Gym Membership (Monthly)

$99.0 ISK 12.0K

$22.18 ₫578.3K

346.26%

Tennis Court (1 Hour on Weekend)

$50.3 ISK 6,100

$5.30 ₫138.2K

849.81%

Cinema Ticket

$19.43 ISK 2,354

$3.02 ₫78.7K

543.38%

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

$1,173 ISK 142.1K

$161 ₫4.2M

630.11%

International Primary School, 1 Child (Yearly)

$31.2K ISK 3.8M

$15.1K ₫394.3M

106.60%

Jeans (Levis 501 Or Similar)

$161 ISK 19.5K

$46.10 ₫1.2M

249.07%

Summer Dress (H&M, Zara, etc)

$65.1 ISK 7,890

$27.21 ₫709.3K

139.29%

Sport Shoes (Adidas, Nike)

$183 ISK 22.2K

$103 ₫2.7M

78.61%

Men's Leather Business Shoes

$249 ISK 30.2K

$81.7 ₫2.1M

204.92%

1-bedroom Apartment, City Center (Monthly)

$2,506 ISK 303.7K

$529 ₫13.8M

373.68%

1-bedroom Apartment, Outside City Center (Monthly)

$2,092 ISK 253.5K

$346 ₫9.0M

505.21%

3-bedroom Apartment, City Center (Monthly)

$3,408 ISK 413.0K

$1,037 ₫27.0M

228.60%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.5K

$809 ₫21.1M

240.06%

Buy Apartment in City Center (m2)

$7,972 ISK 966.1K

$3,809 ₫99.3M

109.29%

Buy Apartment Outside City Center (m2)

$6,354 ISK 770.0K

$1,312 ₫34.2M

384.15%

Average Monthly Net Salary (After Tax)

$4,606 ISK 558.1K

$350 ₫9.1M

1217.68%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.88

10.72

-17.16%

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

Last update for Reykjavik: August 29, 2026

Last update for Da Nang: August 30, 2026

Cost Breakdown

A central one-bedroom costs $2,506 in Reykjavik versus $529 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 1218% 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 $135 in Reykjavik versus $19.00 in Da Nang. Monthly groceries follow the same trend: $625 vs $198 – 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: $4,048 in Reykjavik, $874 in Da Nang – roughly 363% apart. Reykjavik costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $6,073 per month in Reykjavik and $1,311 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 216% 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 $135 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 $874, than in Reykjavik at $4,048. 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 $874 in Da Nang to $4,048 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.