Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Gramado

For one person, living is cheaper in Gramado: $913 a month against $4,002 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 Gramado
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Gramado Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Gramado

🇧🇷 Brazil

$913

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Gramado

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

Monthly costs for one person with rent: $4,002 in Reykjavik versus $913 in Gramado.

Reykjavik $4,002
Gramado $913

Estimated couple costs with rent: $5,705 in Reykjavik versus $1,445 in Gramado.

Reykjavik $5,705
Gramado $1,445

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $1,977 in Gramado.

Reykjavik $7,407
Gramado $1,977

Living in Reykjavik is roughly 338% more expensive than in Gramado, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 196% above, Gramado is 32% below.

Meal at Budget Restaurant

$31.56 ISK 3,828

$7.92 R$40.13

298.48%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$25.23 R$128

384.94%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$5.97 R$30.25

349.92%

Cappuccino

$6.81 ISK 827

$1.68 R$8.51

305.36%

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

$3.39 ISK 411

$1.18 R$5.97

187.29%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.71 R$3.60

350.70%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$2.44 R$12.38

479.51%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$1.95 R$9.91

531.28%

Milk (1 liter)

$2.10 ISK 255

$1.03 R$5.22

103.88%

White Bread (500g)

$4.19 ISK 508

$1.44 R$7.30

190.97%

Rice (white) (1kg)

$3.72 ISK 451

$1.12 R$5.68

232.14%

Eggs

$7.05 ISK 856

$2.41 R$12.20

192.53%

Local Cheese (1kg)

$21.56 ISK 2,615

$10.33 R$52.4

108.71%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$4.36 R$22.12

466.06%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$5.86 R$29.71

619.97%

Apples (1kg)

$3.23 ISK 392

$2.47 R$12.52

30.77%

Banana (1kg)

$2.73 ISK 331

$1.52 R$7.71

79.61%

Oranges (1kg)

$3.17 ISK 384

$1.42 R$7.20

123.24%

Tomato (1kg)

$6.61 ISK 802

$1.67 R$8.45

295.81%

Potato (1kg)

$3.85 ISK 467

$0.99 R$5.04

288.89%

Onion (1kg)

$1.66 ISK 201

$1.09 R$5.52

52.29%

Lettuce (1 head)

$3.80 ISK 461

$0.60 R$3.02

533.33%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.71 R$3.62

146.48%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$2.44 R$12.38

461.89%

Wine (Bottle)

$24.21 ISK 2,937

$5.95 R$30.16

306.89%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.18 R$6.00

199.15%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$1.94 R$9.81

71.13%

One-way Ticket (Public Transport)

$5.75 ISK 697

$1.20 R$6.09

379.17%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$68.1 R$345

37.75%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.28 R$6.47

416.41%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.61 R$3.11

375.41%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$5.87 R$29.78

1248.55%

Gasoline (1 liter)

$2.09 ISK 253

$1.26 R$6.40

65.87%

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

$51.0K ISK 6.2M

$20.0K R$101.6K

154.48%

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

$53.3K ISK 6.5M

$27.9K R$141.3K

91.12%

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

$95.3 ISK 11.6K

$62.1 R$315

53.35%

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

$32.35 ISK 3,923

$12.32 R$62.5

162.58%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$21.78 R$110

301.93%

Gym Membership (Monthly)

$102 ISK 12.4K

$25.81 R$131

294.65%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$27.98 R$142

78.98%

Cinema Ticket

$19.88 ISK 2,412

$6.45 R$32.69

208.22%

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

$1,194 ISK 144.8K

$295 R$1,497

304.44%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$3,296 R$16.7K

670.85%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$50.3 R$255

196.40%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$34.64 R$176

92.32%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$70.9 R$360

153.64%

Men's Leather Business Shoes

$253 ISK 30.7K

$48.80 R$247

418.93%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$505 R$2,560

404.72%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$301 R$1,527

582.46%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$927 R$4,702

277.10%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$601 R$3,044

360.21%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$2,599 R$13.2K

212.42%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,608 R$8,151

288.92%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$611 R$3,099

648.00%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-11.90%

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

Last update for Reykjavik: October 12, 2026

Last update for Gramado: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Gramado

$301 33% 85.3% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Gramado

$182 20% 70.7% $440

Eating Out

Reykjavik

$536 13.4%

Gramado

$125 13.7% 76.7% $411

Clothing & Footwear

Reykjavik

$292 7.3%

Gramado

$92 10.1% 68.5% $200

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Gramado

$96 10.5% 55.3% $119

Sport & Entertainment

Reykjavik

$142 3.5%

Gramado

$39 4.2% 72.7% $103

Getting Around

Reykjavik

$138 3.5%

Gramado

$77 8.5% 44% $61

Cost Breakdown

A one-bedroom apartment in the center runs $2,549 in Reykjavik and $505 in Gramado. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 648% 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: $122 in Reykjavik vs $25.00 in Gramado for a mid-range dinner for two. Groceries echo the gap at $623 vs $182 per month, with Gramado cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Gramado

🕒 Local time

07:58 7:58 AM

04:58 4:58 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

40,134

💱 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 18, 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 18, 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 Gramado 10,700 km ≈ 14 h nonstop flight

From you

Reykjavik
Gramado

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 Gramado: Cost of Living - Frequently Asked Questions

Gramado is cheaper overall, especially in groceries, eating out, and clothing. The 338% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 648% 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: $2,549 in Reykjavik versus $505 in Gramado. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,194 in Reykjavik versus $295 in Gramado. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 241% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

At $913 in Gramado versus $4,002 in Reykjavik, a $1,500 budget is realistic in Gramado but tight or insufficient in Reykjavik. The gap between the two cities makes Gramado the clear choice for anyone on this budget.

For families, Gramado 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 Gramado 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 Gramado gentler on the wallet – expenses run 338% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.