Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and the Falkland Islands

Name: Falkland Islands
Address: FK

For one person, living is cheaper in the Falkland Islands: $2,879 a month against $4,037 in Reykjavik, rent and utilities included – about $13,900 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
119

Cost of Living Index in the Falkland Islands
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Falkland Islands Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

🇫🇰 Falkland Islands

$2,879

/mo nomad

😐 Solo nomad: Reykjavik is 31.4% more expensive than the Falkland Islands without rent, and 40.2% more expensive with rent.

😐 Family of 3: Reykjavik is 55.9% more expensive than the Falkland Islands without rent, and 24.1% more expensive with rent.

Meal at Budget Restaurant

$30.59 ISK 3,730

$26.82 FKP 20.25

14.06%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$78.8 FKP 59.5

72.03%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

Cappuccino

$6.72 ISK 819

$4.09 FKP 3.09

64.30%

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

$3.27 ISK 399

$2.26 FKP 1.71

44.69%

Water (0.33 liter bottle)

$3.16 ISK 386

$1.36 FKP 1.02

132.35%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$4.07 FKP 3.07

241.77%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$2.55 FKP 1.92

372.94%

Milk (1 liter)

$2.04 ISK 248

$2.19 FKP 1.65

-6.85%

White Bread (500g)

$4.32 ISK 527

$2.99 FKP 2.25

44.48%

Rice (white) (1kg)

$3.67 ISK 447

$0.89 FKP 0.67

312.36%

Eggs

$7.02 ISK 856

$7.11 FKP 5.37

-1.27%

Local Cheese (1kg)

$22.01 ISK 2,684

$2.99 FKP 2.26

636.12%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$9.31 FKP 7.03

165.31%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$11.60 FKP 8.76

267.76%

Apples (1kg)

$3.37 ISK 412

$9.11 FKP 6.88

-63.01%

Banana (1kg)

$2.85 ISK 347

$5.37 FKP 4.06

-46.93%

Oranges (1kg)

$3.17 ISK 387

$10.65 FKP 8.04

-70.23%

Tomato (1kg)

$6.39 ISK 779

$8.01 FKP 6.05

-20.22%

Potato (1kg)

$4.01 ISK 489

$3.15 FKP 2.38

27.30%

Onion (1kg)

$1.64 ISK 200

$0.70 FKP 0.53

134.29%

Lettuce (1 head)

$3.80 ISK 463

$4.29 FKP 3.24

-11.42%

Water (1.5 liter bottle)

$1.74 ISK 212

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$16.42 FKP 12.40

-15.96%

Wine (Bottle)

$23.38 ISK 2,851

$11.74 FKP 8.86

99.15%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$2.31 FKP 1.75

49.35%

One-way Ticket (Public Transport)

$5.77 ISK 704

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

Taxi Start (Normal Tariff)

$6.63 ISK 808

$6.63 FKP 5.01

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

Gasoline (1 liter)

$2.11 ISK 257

$1.59 FKP 1.20

32.70%

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

$50.8K ISK 6.2M

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

$52.7K ISK 6.4M

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

$88.7 ISK 10.8K

$382 FKP 288

-76.79%

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

$31.53 ISK 3,845

$74.8 FKP 56.4

-57.82%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$449 FKP 339

-81.16%

Gym Membership (Monthly)

$100 ISK 12.2K

$22.25 FKP 16.80

351.15%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$19.87 ISK 2,424

$12.24 FKP 9.24

62.34%

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

$1,277 ISK 155.8K

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$111 FKP 83.6

45.26%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$91.8 FKP 69.3

-29.32%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$156 FKP 118

17.29%

Men's Leather Business Shoes

$254 ISK 31.0K

$105 FKP 79.4

141.58%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$1,472 FKP 1,112

69.77%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$1,077 FKP 813

85.78%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$2,624 FKP 1,981

31.56%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$2,348 FKP 1,773

16.81%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$3,986 FKP 3,010

17.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

7.75

13.68%

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

Last update for Reykjavik: October 4, 2026

Last update for the Falkland Islands: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Falkland Islands

$1.1K 36.6% 46.2% $924

Groceries & Markets

Reykjavik

$625 15.9%

Falkland Islands

$391 * 13.3% 37.5% $234

Eating Out

Reykjavik

$526 13.4%

Falkland Islands

$304 * 10.3% 42.3% $222

Clothing & Footwear

Reykjavik

$298 7.6%

Falkland Islands

$209 7.1% 30% $90

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Falkland Islands

$906 30.8% 342% $701

Sport & Entertainment

Reykjavik

$140 3.6%

Falkland Islands

$47 1.6% 66.6% $93

Getting Around

Reykjavik

$139 3.5%

Falkland Islands

$6.6 * 0.2% 95.2% $132

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

Good to know

🇮🇸 Reykjavik

🇫🇰 Falkland Islands

🕒 Local time

10:54 10:54 AM

07:54 7:54 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

4,550

💱 Currency

Icelandic Króna ISK kr

Falkland Islands Pound FKP £

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

1 FKP = 1.32 USD

1 FKP = 1.18 EUR

Exchange rates and currency converter

FKP, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

Falkland Islands Pound exchange rates as of October 10, 2026: 1 USD = 0.755 FKP (1 FKP = 1.32 USD). 1 EUR = 0.846 FKP (1 FKP = 1.18 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Falkland Islands 13,250 km ≈ 17 h nonstop flight

From you

Reykjavik
Falkland Islands

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 other spots: cost of living compared

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