Cost of Living Comparison Between Reykjavik and Drangsnes Cost of Living Comparison Between Reykjavik and Drangsnes

😐 Solo nomad: Reykjavik is 3.3% more expensive than Drangsnes without rent, and 137.5% more expensive with rent.

😐 Family of 3: Reykjavik is 25.5% more expensive than Drangsnes without rent, and 75.6% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$27.39 ISK 3,451

-2.52%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$144 ISK 18.1K

0.44%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$22.70 ISK 2,859

-1.37%

Cappuccino

$6.06 ISK 764

$5.93 ISK 747

2.19%

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

$3.28 ISK 414

$3.30 ISK 415

-0.61%

Water (0.33 liter bottle)

$2.62 ISK 330

$2.54 ISK 320

3.15%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$12.88 ISK 1,623

1.09%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$11.16 ISK 1,406

1.08%

Milk (1 liter)

$1.87 ISK 235

$1.89 ISK 239

-1.06%

White Bread (500g)

$4.32 ISK 544

$4.23 ISK 533

2.13%

Rice (white) (1kg)

$3.71 ISK 468

$3.74 ISK 471

-0.80%

Eggs

$6.52 ISK 821

$6.24 ISK 786

4.49%

Local Cheese (1kg)

$18.16 ISK 2,288

$18.36 ISK 2,312

-1.09%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$23.65 ISK 2,979

0.76%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$42.48 ISK 5,352

0.82%

Apples (1kg)

$3.37 ISK 424

$3.32 ISK 419

1.51%

Banana (1kg)

$2.50 ISK 315

$2.53 ISK 319

-1.19%

Oranges (1kg)

$3.03 ISK 382

$3.09 ISK 390

-1.94%

Tomato (1kg)

$4.98 ISK 627

Potato (1kg)

$3.66 ISK 461

$3.54 ISK 446

3.39%

Onion (1kg)

$2.40 ISK 302

$2.44 ISK 307

-1.64%

Lettuce (1 head)

$3.06 ISK 386

$3.17 ISK 399

-3.47%

Water (1.5 liter bottle)

$2.01 ISK 253

$1.91 ISK 241

5.24%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$13.42 ISK 1,691

2.98%

Wine (Bottle)

$23.58 ISK 2,971

$24.23 ISK 3,052

-2.68%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$3.55 ISK 448

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$3.23 ISK 407

0.31%

One-way Ticket (Public Transport)

$5.19 ISK 654

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

Taxi Start (Normal Tariff)

$6.18 ISK 778

$6.25 ISK 788

-1.12%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$2.52 ISK 317

4.76%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$85.2 ISK 10.7K

2.38%

Gasoline (1 liter)

$2.56 ISK 322

$2.54 ISK 320

0.79%

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

$48.0K ISK 6.0M

$47.5K ISK 6.0M

0.97%

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

$52.5K ISK 6.6M

$52.2K ISK 6.6M

0.45%

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

$88.6 ISK 11.2K

$88.1 ISK 11.1K

0.67%

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

$27.96 ISK 3,522

$27.75 ISK 3,496

0.76%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$85.1 ISK 10.7K

-0.53%

Gym Membership (Monthly)

$81.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.53 ISK 2,208

$17.38 ISK 2,189

0.86%

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

$316 ISK 39.7K

$328 ISK 41.3K

-3.66%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$30.4K ISK 3.8M

-0.79%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$142 ISK 17.8K

-1.36%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$62.6 ISK 7,887

-0.30%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$183 ISK 23.0K

-0.37%

Men's Leather Business Shoes

$264 ISK 33.2K

-0.02%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$5,980 ISK 753.3K

-24.93%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Reykjavik: January 10, 2026

Last update for Drangsnes: January 11, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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