Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Francisco Morato

For one person, living is cheaper in Francisco Morato: $909 a month against $4,023 in Reykjavik, rent and utilities included – about $37,400 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
44

Cost of Living Index in Francisco Morato
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Francisco Morato Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Francisco Morato

🇧🇷 Brazil

$909

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Francisco Morato

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

Monthly costs for one person with rent: $4,023 in Reykjavik versus $909 in Francisco Morato.

Reykjavik $4,023
Francisco Morato $909

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,497 in Francisco Morato.

Reykjavik $5,708
Francisco Morato $1,497

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $2,084 in Francisco Morato.

Reykjavik $7,393
Francisco Morato $2,084

Living in Reykjavik is roughly 342% more expensive than in Francisco Morato, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 197% above, Francisco Morato is 33% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$7.11 R$36.02

336.01%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$39.40 R$200

212.69%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$9.12 R$46.25

198.36%

Cappuccino

$6.90 ISK 837

$2.17 R$10.98

217.97%

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

$3.30 ISK 401

$1.65 R$8.37

100.00%

Water (0.33 liter bottle)

$3.16 ISK 384

$1.15 R$5.83

174.78%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$2.80 R$14.18

394.29%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$4.32 R$21.89

188.43%

Milk (1 liter)

$2.06 ISK 250

$1.20 R$6.10

71.67%

White Bread (500g)

$4.11 ISK 498

$2.02 R$10.26

103.47%

Rice (white) (1kg)

$3.68 ISK 446

$1.14 R$5.78

222.81%

Eggs

$7.27 ISK 882

$2.68 R$13.60

171.27%

Local Cheese (1kg)

$21.79 ISK 2,643

$9.05 R$45.88

140.77%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$4.32 R$21.90

454.40%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$10.66 R$54.1

288.65%

Apples (1kg)

$3.42 ISK 414

$2.85 R$14.45

20.00%

Banana (1kg)

$2.84 ISK 344

$1.82 R$9.25

56.04%

Oranges (1kg)

$3.23 ISK 391

$1.78 R$9.02

81.46%

Tomato (1kg)

$6.46 ISK 783

$1.82 R$9.22

254.95%

Potato (1kg)

$4.05 ISK 491

$1.42 R$7.22

185.21%

Onion (1kg)

$1.66 ISK 202

$1.37 R$6.92

21.17%

Lettuce (1 head)

$3.86 ISK 468

$0.97 R$4.93

297.94%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.79 R$3.99

132.91%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.79 R$14.15

400.36%

Wine (Bottle)

$23.76 ISK 2,882

$8.89 R$45.05

167.27%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.64 R$8.32

115.85%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.11 R$10.70

63.03%

One-way Ticket (Public Transport)

$5.81 ISK 705

$1.03 R$5.22

464.08%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$45.27 R$229

110.58%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.31 R$6.67

412.98%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$1.42 R$7.19

97.89%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$9.62 R$48.77

745.53%

Gasoline (1 liter)

$2.12 ISK 257

$1.29 R$6.56

64.34%

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

$68.9K ISK 8.4M

$23.3K R$118.3K

195.27%

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

$55.8K ISK 6.8M

$34.5K R$174.9K

61.76%

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

$95.8 ISK 11.6K

$43.25 R$219

121.53%

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

$33.11 ISK 4,016

$14.17 R$71.8

133.66%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$17.99 R$91.2

384.44%

Gym Membership (Monthly)

$101 ISK 12.3K

$28.56 R$145

253.92%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$29.94 R$152

69.47%

Cinema Ticket

$19.85 ISK 2,407

$8.02 R$40.68

147.51%

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

$1,195 ISK 144.9K

$427 R$2,166

179.66%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$7,460 R$37.8K

251.53%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$55.5 R$282

166.94%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$58.0 R$294

15.01%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$94.1 R$477

98.19%

Men's Leather Business Shoes

$253 ISK 30.6K

$84.5 R$428

198.97%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$363 R$1,841

610.06%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$236 R$1,196

782.03%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$666 R$3,379

418.34%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$476 R$2,414

477.88%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,626 R$8,241

388.01%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,235 R$6,259

416.49%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.12

-20.77%

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

Last update for Reykjavik: October 20, 2026

Last update for Francisco Morato: October 17, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Francisco Morato

$236 25.9% 88.7% $1.8K

Groceries & Markets

Reykjavik

$619 15.4%

Francisco Morato

$220 24.2% 64.4% $399

Eating Out

Reykjavik

$532 13.2%

Francisco Morato

$144 15.8% 72.9% $388

Clothing & Footwear

Reykjavik

$294 7.3%

Francisco Morato

$132 14.5% 55.3% $163

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Francisco Morato

$75 8.3% 65.1% $141

Sport & Entertainment

Reykjavik

$141 3.5%

Francisco Morato

$45 4.9% 68.3% $96

Getting Around

Reykjavik

$139 3.5%

Francisco Morato

$58 6.4% 58.5% $82

Cost Breakdown

A one-bedroom apartment in the center runs $2,579 in Reykjavik and $363 in Francisco Morato. Housing cost is often the main lever when comparing two cities.

Dining out: $123 in Reykjavik vs $39.00 in Francisco Morato for a mid-range dinner for two. Groceries echo the gap at $619 vs $220 per month, with Francisco Morato cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Francisco Morato

🕒 Local time

08:46 8:46 AM

05:46 5:46 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

165,139

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

Exchange rates and currency converter

BRL, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 22, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Brazilian Real exchange rates as of October 22, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Francisco Morato 9,960 km ≈ 13 h nonstop flight

From you

Reykjavik
Francisco Morato

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 Francisco Morato: Cost of Living - Frequently Asked Questions

Francisco Morato is cheaper overall, especially in groceries, eating out, and clothing. The 342% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $6,034 in Reykjavik and $1,364 in Francisco Morato 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.

Rent for a central apartment: $2,579 in Reykjavik versus $363 in Francisco Morato. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Francisco Morato – a meal for two runs $39.00 versus $123 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $4,023 per month in Reykjavik versus $909 in Francisco Morato – a 342% gap that adds up to real savings over time for anyone picking the cheaper option.

At $909 in Francisco Morato versus $4,023 in Reykjavik, a $1,500 budget is realistic in Francisco Morato but tight or insufficient in Reykjavik. The gap between the two cities makes Francisco Morato the clear choice for anyone on this budget.

For families, Francisco Morato is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Reykjavik and Francisco Morato 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 Francisco Morato gentler on the wallet – expenses run 342% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.