Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Governador Valadares

For one person, living is cheaper in Governador Valadares: $762 a month against $4,023 in Reykjavik, rent and utilities included – about $39,100 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
37

Cost of Living Index in Governador Valadares
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Governador Valadares Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Governador Valadares

🇧🇷 Brazil

$762

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Governador Valadares

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

Monthly costs for one person with rent: $4,023 in Reykjavik versus $762 in Governador Valadares.

Reykjavik $4,023
Governador Valadares $762

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,274 in Governador Valadares.

Reykjavik $5,708
Governador Valadares $1,274

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $1,786 in Governador Valadares.

Reykjavik $7,393
Governador Valadares $1,786

Living in Reykjavik is roughly 428% more expensive than in Governador Valadares, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 197% above, Governador Valadares is 44% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$5.11 R$25.91

506.65%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$26.15 R$133

371.13%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$9.35 R$47.37

191.02%

Cappuccino

$6.90 ISK 837

$2.00 R$10.13

245.00%

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

$3.30 ISK 401

$1.04 R$5.26

217.31%

Water (0.33 liter bottle)

$3.16 ISK 384

$0.39 R$1.97

710.26%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$1.62 R$8.21

754.32%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$2.26 R$11.45

451.33%

Milk (1 liter)

$2.06 ISK 250

$0.85 R$4.32

142.35%

White Bread (500g)

$4.11 ISK 498

$1.45 R$7.36

183.45%

Rice (white) (1kg)

$3.68 ISK 446

$1.26 R$6.41

192.06%

Eggs

$7.27 ISK 882

$2.12 R$10.74

242.92%

Local Cheese (1kg)

$21.79 ISK 2,643

$7.14 R$36.17

205.18%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$3.84 R$19.46

523.70%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$6.05 R$30.69

584.79%

Apples (1kg)

$3.42 ISK 414

$2.64 R$13.40

29.55%

Banana (1kg)

$2.84 ISK 344

$1.28 R$6.49

121.87%

Oranges (1kg)

$3.23 ISK 391

$1.33 R$6.74

142.86%

Tomato (1kg)

$6.46 ISK 783

$2.10 R$10.64

207.62%

Potato (1kg)

$4.05 ISK 491

$1.33 R$6.75

204.51%

Onion (1kg)

$1.66 ISK 202

$1.06 R$5.36

56.60%

Lettuce (1 head)

$3.86 ISK 468

$0.72 R$3.65

436.11%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.83 R$4.20

121.69%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.55 R$12.91

447.45%

Wine (Bottle)

$23.76 ISK 2,882

$6.21 R$31.50

282.61%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.24 R$6.29

185.48%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.66 R$13.51

29.32%

One-way Ticket (Public Transport)

$5.81 ISK 705

$0.90 R$4.55

545.56%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$44.23 R$224

115.53%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.10 R$5.59

510.91%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$0.95 R$4.83

195.79%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$8.12 R$41.18

901.72%

Gasoline (1 liter)

$2.12 ISK 257

$1.12 R$5.69

89.29%

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

$68.9K ISK 8.4M

$23.8K R$120.5K

190.02%

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

$55.8K ISK 6.8M

$25.2K R$127.7K

121.58%

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

$95.8 ISK 11.6K

$76.7 R$389

24.88%

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

$33.11 ISK 4,016

$12.29 R$62.3

169.41%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$21.29 R$108

309.35%

Gym Membership (Monthly)

$101 ISK 12.3K

$24.27 R$123

316.48%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$27.98 R$142

81.34%

Cinema Ticket

$19.85 ISK 2,407

$8.40 R$42.58

136.31%

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

$1,195 ISK 144.9K

$282 R$1,431

323.19%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$7,642 R$38.7K

243.16%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$21.74 R$110

581.97%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$50.3 R$255

32.60%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$87.8 R$445

112.58%

Men's Leather Business Shoes

$253 ISK 30.6K

$68.8 R$349

267.41%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$240 R$1,218

973.49%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$168 R$851

1138.67%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$657 R$3,333

425.43%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$465 R$2,358

491.56%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,352 R$6,856

486.62%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,419 R$7,195

349.29%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

$327 R$1,658

1335.16%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-19.91%

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

Last update for Reykjavik: October 20, 2026

Last update for Governador Valadares: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Governador Valadares

$168 22% 91.9% $1.9K

Groceries & Markets

Reykjavik

$619 15.4%

Governador Valadares

$175 23% 71.8% $444

Eating Out

Reykjavik

$532 13.2%

Governador Valadares

$111 14.6% 79.1% $421

Clothing & Footwear

Reykjavik

$294 7.3%

Governador Valadares

$103 13.5% 65.1% $192

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Governador Valadares

$110 14.5% 49% $106

Sport & Entertainment

Reykjavik

$141 3.5%

Governador Valadares

$41 5.4% 70.8% $100

Getting Around

Reykjavik

$139 3.5%

Governador Valadares

$54 7.1% 61.5% $86

Cost Breakdown

A one-bedroom apartment in the center runs $2,579 in Reykjavik and $240 in Governador Valadares. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 1335% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $123 in Reykjavik vs $26.00 in Governador Valadares for a mid-range dinner for two. Groceries echo the gap at $619 vs $175 per month, with Governador Valadares cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Governador Valadares

🕒 Local time

16:20 4:20 PM

13:20 1:20 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

257,171

💱 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 20, 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 20, 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

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Between locations

Reykjavik Governador Valadares 9,390 km ≈ 12 h nonstop flight

From you

Reykjavik
Governador Valadares

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 Governador Valadares: Cost of Living - Frequently Asked Questions

Governador Valadares is cheaper overall, especially in groceries, eating out, and clothing. The 428% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 1335% higher in Reykjavik, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,579 in Reykjavik versus $240 in Governador Valadares. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 254% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Governador Valadares – a meal for two runs $26.00 versus $123 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

At $762 in Governador Valadares versus $4,023 in Reykjavik, a $1,500 budget is realistic in Governador Valadares but tight or insufficient in Reykjavik. The gap between the two cities makes Governador Valadares the clear choice for anyone on this budget.

For families, Governador Valadares 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 Governador Valadares 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 Governador Valadares gentler on the wallet – expenses run 428% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.