Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Da Nang

For one person, living is cheaper in Da Nang: $863 a month against $4,002 in Reykjavik, rent and utilities included – about $37,700 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
42

Cost of Living Index in Da Nang
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Da Nang Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Da Nang

🇻🇳 Vietnam

$863

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Da Nang

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

A single person spends $4,002 per month in Reykjavik vs $863 in Da Nang, rent included.

Reykjavik $4,002
Da Nang $863

A couple spends around $5,705 per month in Reykjavik vs $1,404 in Da Nang, rent included.

Reykjavik $5,705
Da Nang $1,404

A family of three spends $7,407 per month in Reykjavik vs $1,945 in Da Nang, rent included.

Reykjavik $7,407
Da Nang $1,945

Reykjavik costs about 364% more than Da Nang, and outside of rent the biggest gap is in eating out.

Reykjavik sits 196% above the global median, while Da Nang is 36% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$2.30 ₫59.4K

1272.17%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$19.62 ₫508.0K

523.60%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$4.60 ₫119.1K

483.91%

Cappuccino

$6.81 ISK 827

$1.66 ₫43.0K

310.24%

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

$3.39 ISK 411

$0.61 ₫15.7K

455.74%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.34 ₫8,877

841.18%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$1.34 ₫34.6K

955.22%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$2.36 ₫61.1K

421.61%

Milk (1 liter)

$2.10 ISK 255

$1.60 ₫41.5K

31.25%

White Bread (500g)

$4.19 ISK 508

$1.21 ₫31.3K

246.28%

Rice (white) (1kg)

$3.72 ISK 451

$1.00 ₫25.9K

272.00%

Eggs

$7.05 ISK 856

$1.51 ₫39.1K

366.89%

Local Cheese (1kg)

$21.56 ISK 2,615

$12.90 ₫333.9K

67.13%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$4.29 ₫111.1K

475.29%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$9.06 ₫234.6K

365.67%

Apples (1kg)

$3.23 ISK 392

$2.73 ₫70.6K

18.32%

Banana (1kg)

$2.73 ISK 331

$1.19 ₫30.8K

129.41%

Oranges (1kg)

$3.17 ISK 384

$1.29 ₫33.4K

145.74%

Tomato (1kg)

$6.61 ISK 802

$1.60 ₫41.3K

313.12%

Potato (1kg)

$3.85 ISK 467

$1.18 ₫30.4K

226.27%

Onion (1kg)

$1.66 ISK 201

$1.33 ₫34.3K

24.81%

Lettuce (1 head)

$3.80 ISK 461

$1.01 ₫26.1K

276.24%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.53 ₫13.7K

230.19%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$1.56 ₫40.3K

778.85%

Wine (Bottle)

$24.21 ISK 2,937

$7.93 ₫205.2K

205.30%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$0.88 ₫22.9K

301.14%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.12 ₫54.9K

56.60%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.32 ₫8,182

1696.88%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$4.99 ₫129.3K

1779.96%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.05 ₫27.1K

529.52%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.55 ₫14.3K

427.27%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$19.50 ₫504.8K

305.95%

Gasoline (1 liter)

$2.09 ISK 253

$0.95 ₫24.5K

120.00%

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

$51.0K ISK 6.2M

$30.9K ₫799.2M

65.25%

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

$53.3K ISK 6.5M

$28.0K ₫724.6M

90.33%

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

$95.3 ISK 11.6K

$76.6 ₫2.0M

24.39%

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

$32.35 ISK 3,923

$6.47 ₫167.6K

400.00%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$8.08 ₫209.1K

983.42%

Gym Membership (Monthly)

$102 ISK 12.4K

$24.98 ₫646.6K

307.77%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$5.35 ₫138.6K

836.07%

Cinema Ticket

$19.88 ISK 2,412

$3.07 ₫79.4K

547.56%

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

$1,194 ISK 144.8K

$161 ₫4.2M

640.36%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$15.2K ₫392.3M

67.67%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$45.38 ₫1.2M

228.40%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$27.22 ₫704.7K

144.75%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$100 ₫2.6M

79.72%

Men's Leather Business Shoes

$253 ISK 30.7K

$80.9 ₫2.1M

213.14%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$529 ₫13.7M

381.87%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$349 ₫9.0M

489.00%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$1,053 ₫27.3M

232.03%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$811 ₫21.0M

240.95%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$3,834 ₫99.3M

111.76%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,308 ₫33.9M

378.17%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$363 ₫9.4M

1158.52%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.72

-17.82%

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

Last update for Reykjavik: October 12, 2026

Last update for Da Nang: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Da Nang

$349 40.4% 83% $1.7K

Groceries & Markets

Reykjavik

$623 15.6%

Da Nang

$201 23.2% 67.8% $422

Eating Out

Reykjavik

$536 13.4%

Da Nang

$67 7.8% 87.5% $469

Clothing & Footwear

Reykjavik

$292 7.3%

Da Nang

$114 13.2% 60.9% $178

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Da Nang

$91 10.6% 57.6% $124

Sport & Entertainment

Reykjavik

$142 3.5%

Da Nang

$31 3.6% 78% $111

Getting Around

Reykjavik

$138 3.5%

Da Nang

$10 1.2% 92.7% $128

Cost Breakdown

A central one-bedroom costs $2,549 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 1159% 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 $122 in Reykjavik versus $20.00 in Da Nang. Monthly groceries follow the same trend: $623 vs $201 – making Da Nang the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇻🇳 Da Nang

🕒 Local time

19:42 7:42 PM

02:42 2:42 AM

7 h ahead of Reykjavik

🌤 Weather

👥 Population

136,894 Capital

1,245,200

💱 Currency

Icelandic Króna ISK kr

Vietnamese Dong VND ₫

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

100,000 VND = 3.86 USD

100,000 VND = 3.44 EUR

Exchange rates and currency converter

VND, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 18, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Vietnamese Dong exchange rates as of October 18, 2026: 1 USD = 25,889 VND (100,000 VND = 3.86 USD). 1 EUR = 29,105 VND (100,000 VND = 3.44 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Da Nang 10,140 km ≈ 13 h nonstop flight

From you

Reykjavik
Da Nang

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 Da Nang: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,002 in Reykjavik, $863 in Da Nang – roughly 364% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $1,295 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 211% 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 $122 in Reykjavik and $20.00 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 $863, than in Reykjavik at $4,002. 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 $863 in Da Nang 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 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.