Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Durazno

For one person, living is cheaper in Durazno: $935 a month against $4,023 in Reykjavik, rent and utilities included – about $37,100 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
45

Cost of Living Index in Durazno
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Durazno Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Durazno

🇺🇾 Uruguay

$935

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Durazno

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

Monthly costs for one person with rent: $4,023 in Reykjavik versus $935 in Durazno.

Reykjavik $4,023
Durazno $935

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,500 in Durazno.

Reykjavik $5,708
Durazno $1,500

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $2,065 in Durazno.

Reykjavik $7,393
Durazno $2,065

Living in Reykjavik is roughly 330% more expensive than in Durazno, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Reykjavik is 197% above, Durazno is 31% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$12.29 UYU 493

152.24%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$41.70 UYU 1,674

195.44%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$11.26 UYU 452

141.65%

Cappuccino

$6.90 ISK 837

$3.04 UYU 122

126.97%

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

$3.30 ISK 401

$1.26 UYU 50.7

161.90%

Water (0.33 liter bottle)

$3.16 ISK 384

$1.15 UYU 46.05

174.78%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$2.30 UYU 92.1

501.74%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$2.20 UYU 88.4

466.36%

Milk (1 liter)

$2.06 ISK 250

$1.14 UYU 45.57

80.70%

White Bread (500g)

$4.11 ISK 498

$2.72 UYU 109

51.10%

Rice (white) (1kg)

$3.68 ISK 446

$1.73 UYU 69.3

112.72%

Eggs

$7.27 ISK 882

$4.31 UYU 173

68.68%

Local Cheese (1kg)

$21.79 ISK 2,643

$11.98 UYU 481

81.89%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$11.63 UYU 467

105.93%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$11.72 UYU 470

253.50%

Apples (1kg)

$3.42 ISK 414

$2.94 UYU 118

16.33%

Banana (1kg)

$2.84 ISK 344

$3.31 UYU 133

-14.20%

Oranges (1kg)

$3.23 ISK 391

$2.21 UYU 88.8

46.15%

Tomato (1kg)

$6.46 ISK 783

$3.94 UYU 158

63.96%

Potato (1kg)

$4.05 ISK 491

$2.07 UYU 83.1

95.65%

Onion (1kg)

$1.66 ISK 202

$2.03 UYU 81.4

-18.23%

Lettuce (1 head)

$3.86 ISK 468

$1.50 UYU 60.3

157.33%

Water (1.5 liter bottle)

$1.84 ISK 223

$1.91 UYU 76.8

-3.66%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$9.80 UYU 394

42.45%

Wine (Bottle)

$23.76 ISK 2,882

$7.87 UYU 316

201.91%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$3.13 UYU 125

13.10%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$3.36 UYU 135

2.38%

One-way Ticket (Public Transport)

$5.81 ISK 705

$0.73 UYU 29.14

695.89%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

Taxi Start (Normal Tariff)

$6.72 ISK 815

$3.55 UYU 143

89.30%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$3.47 UYU 139

-19.02%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$10.23 UYU 411

695.11%

Gasoline (1 liter)

$2.12 ISK 257

$1.96 UYU 78.6

8.16%

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

$68.9K ISK 8.4M

$36.5K UYU 1.5M

88.62%

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

$55.8K ISK 6.8M

$39.8K UYU 1.6M

40.11%

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

$95.8 ISK 11.6K

$115 UYU 4,604

-16.47%

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

$33.11 ISK 4,016

$24.03 UYU 965

37.79%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$46.94 UYU 1,884

85.66%

Gym Membership (Monthly)

$101 ISK 12.3K

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

Cinema Ticket

$19.85 ISK 2,407

$6.94 UYU 279

186.02%

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

$1,195 ISK 144.9K

$495 UYU 19.9K

141.36%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$6,752 UYU 271.0K

288.35%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$88.0 UYU 3,533

68.42%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$37.86 UYU 1,519

76.31%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$168 UYU 6,726

11.34%

Men's Leather Business Shoes

$253 ISK 30.6K

$118 UYU 4,719

114.84%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

76.20%

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

Last update for Reykjavik: October 20, 2026

Last update for Durazno: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Durazno

- * 0% 100%

Groceries & Markets

Reykjavik

$619 15.4%

Durazno

$332 35.6% 46.3% $287

Eating Out

Reykjavik

$532 13.2%

Durazno

$194 20.8% 63.5% $338

Clothing & Footwear

Reykjavik

$294 7.3%

Durazno

$185 19.8% 37.2% $109

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Durazno

$186 19.9% 14.1% $30

Sport & Entertainment

Reykjavik

$141 3.5%

Durazno

$14 * 1.5% 90.1% $127

Getting Around

Reykjavik

$139 3.5%

Durazno

$24 * 2.6% 82.9% $116

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Dining out: $123 in Reykjavik vs $42.00 in Durazno for a mid-range dinner for two. Groceries echo the gap at $619 vs $332 per month, with Durazno cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇺🇾 Durazno

🕒 Local time

21:29 9:29 PM

18:29 6:29 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

34,372

💱 Currency

Icelandic Króna ISK kr

Uruguayan Peso UYU $U

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

Exchange rates and currency converter

UYU, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 20, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Uruguayan Peso exchange rates as of October 20, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.12 UYU (100 UYU = 2.22 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Durazno 11,260 km ≈ 15 h nonstop flight

From you

Reykjavik
Durazno

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 Durazno: Cost of Living - Frequently Asked Questions

Durazno wins on cost – living expenses run 330% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Durazno the obvious pick if budget is a priority.

You'd need roughly $6,034 in Reykjavik and $1,402 in Durazno to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Childcare runs $1,195 in Reykjavik versus $495 in Durazno. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Durazno – a meal for two runs $42.00 versus $123 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

At $935 in Durazno versus $4,023 in Reykjavik, a $1,000 budget is realistic in Durazno but tight or insufficient in Reykjavik. The gap between the two cities makes Durazno the clear choice for anyone on this budget.

Both work as nomad bases, but Durazno delivers better value – similar infrastructure at $935 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Durazno hard to pass up.

Safety-wise, Reykjavik and Durazno are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Durazno gentler on the wallet – expenses run 330% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.