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

😐 Solo nomad: Reykjavik is 0.3% more expensive than Drangsnes without rent, and 137.8% more expensive with rent.

😐 Family of 3: Reykjavik is 26% more expensive than Drangsnes without rent, and 76.4% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,406

$27.44 ISK 3,434

-0.80%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$142 ISK 17.8K

1.84%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

$22.81 ISK 2,855

-1.75%

Cappuccino

$5.94 ISK 744

$6.01 ISK 752

-1.16%

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

$3.26 ISK 408

Water (0.33 liter bottle)

$2.54 ISK 318

$2.56 ISK 320

-0.78%

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

$12.62 ISK 1,580

1.66%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

$11.04 ISK 1,381

3.80%

Milk (1 liter)

$1.88 ISK 236

$1.92 ISK 240

-2.08%

White Bread (500g)

$4.33 ISK 542

$4.31 ISK 540

0.46%

Rice (white) (1kg)

$3.57 ISK 447

$3.70 ISK 464

-3.51%

Eggs

$6.56 ISK 821

$6.23 ISK 780

5.30%

Local Cheese (1kg)

$18.18 ISK 2,275

$18.39 ISK 2,301

-1.14%

Chicken Fillets (1kg)

$24.52 ISK 3,069

$24.00 ISK 3,004

2.17%

Beef Round Steak (1kg)

$42.03 ISK 5,260

$41.82 ISK 5,234

0.50%

Apples (1kg)

$3.20 ISK 400

$3.23 ISK 405

-0.93%

Banana (1kg)

$2.42 ISK 303

$2.54 ISK 318

-4.72%

Oranges (1kg)

$3.06 ISK 383

$3.02 ISK 377

1.32%

Tomato (1kg)

$4.86 ISK 609

$4.93 ISK 617

-1.42%

Potato (1kg)

$3.66 ISK 458

$3.57 ISK 447

2.52%

Onion (1kg)

$2.34 ISK 293

$2.39 ISK 299

-2.09%

Lettuce (1 head)

$3.14 ISK 393

$3.16 ISK 396

-0.63%

Water (1.5 liter bottle)

$2.02 ISK 253

$1.91 ISK 239

5.76%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

$13.75 ISK 1,721

1.16%

Wine (Bottle)

$23.74 ISK 2,971

$24.27 ISK 3,038

-2.18%

Local Beer (0.5 liter bottle)

$3.69 ISK 462

$3.56 ISK 446

3.65%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

One-way Ticket (Public Transport)

$5.29 ISK 662

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

Taxi Start (Normal Tariff)

$6.54 ISK 818

$6.39 ISK 800

2.35%

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

$2.54 ISK 318

2.36%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

$86.9 ISK 10.9K

-1.31%

Gasoline (1 liter)

$2.51 ISK 315

$2.48 ISK 311

1.21%

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

$47.1K ISK 5.9M

$47.6K ISK 6.0M

-1.01%

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

$52.6K ISK 6.6M

-0.02%

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

$89.2 ISK 11.2K

$87.2 ISK 10.9K

2.27%

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

$27.07 ISK 3,387

$27.39 ISK 3,428

-1.17%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

$85.6 ISK 10.7K

-1.67%

Gym Membership (Monthly)

$84.0 ISK 10.5K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.42 ISK 2,180

$17.47 ISK 2,186

-0.29%

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

$324 ISK 40.5K

$315 ISK 39.5K

2.63%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$29.7K ISK 3.7M

2.64%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

$139 ISK 17.4K

1.89%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,837

$62.8 ISK 7,860

-0.29%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$186 ISK 23.3K

-1.45%

Men's Leather Business Shoes

$268 ISK 33.5K

$270 ISK 33.7K

-0.60%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

Buy Apartment in City Center (m2)

$7,833 ISK 980.2K

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

Average Monthly Net Salary (After Tax)

$4,471 ISK 559.5K

$6,007 ISK 751.7K

-25.57%

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: March 3, 2026

Last update for Drangsnes: March 1, 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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