Cost of Living Comparison Between Reykjavik and Grundarfjordur Cost of Living Comparison Between Reykjavik and Grundarfjordur

😐 Solo nomad: Reykjavik is 21.2% more expensive than Grundarfjordur without rent, and 134.8% more expensive with rent.

😐 Family of 3: Reykjavik is 5.1% more expensive than Grundarfjordur without rent, and 79.1% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,406

$27.16 ISK 3,399

0.22%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$146 ISK 18.2K

-0.69%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

$22.44 ISK 2,809

-0.13%

Cappuccino

$5.94 ISK 744

$6.02 ISK 753

-1.33%

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

$3.26 ISK 408

Water (0.33 liter bottle)

$2.54 ISK 318

$2.55 ISK 319

-0.39%

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

$12.75 ISK 1,596

0.63%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

$11.37 ISK 1,423

0.79%

Milk (1 liter)

$1.88 ISK 236

$1.97 ISK 246

-4.57%

White Bread (500g)

$4.33 ISK 542

$4.31 ISK 539

0.46%

Rice (white) (1kg)

$3.57 ISK 447

$3.56 ISK 446

0.28%

Eggs

$6.56 ISK 821

$6.44 ISK 806

1.86%

Local Cheese (1kg)

$18.18 ISK 2,275

$17.88 ISK 2,237

1.68%

Chicken Fillets (1kg)

$24.52 ISK 3,069

$23.87 ISK 2,987

2.72%

Beef Round Steak (1kg)

$42.03 ISK 5,260

$42.87 ISK 5,365

-1.96%

Apples (1kg)

$3.20 ISK 400

$3.26 ISK 408

-1.84%

Banana (1kg)

$2.42 ISK 303

$2.44 ISK 306

-0.82%

Oranges (1kg)

$3.06 ISK 383

$2.97 ISK 371

3.03%

Tomato (1kg)

$4.86 ISK 609

$4.97 ISK 622

-2.21%

Potato (1kg)

$3.66 ISK 458

$3.70 ISK 463

-1.08%

Onion (1kg)

$2.34 ISK 293

$2.44 ISK 305

-4.10%

Lettuce (1 head)

$3.14 ISK 393

$3.02 ISK 378

3.97%

Water (1.5 liter bottle)

$2.02 ISK 253

$2.00 ISK 250

1.00%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

$13.88 ISK 1,737

0.22%

Wine (Bottle)

$23.74 ISK 2,971

$23.75 ISK 2,971

-0.04%

Local Beer (0.5 liter bottle)

$3.69 ISK 462

$3.55 ISK 444

3.94%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

$3.37 ISK 422

-4.15%

One-way Ticket (Public Transport)

$5.29 ISK 662

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

Taxi Start (Normal Tariff)

$6.54 ISK 818

$6.37 ISK 798

2.67%

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

$2.65 ISK 332

-1.89%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

$84.5 ISK 10.6K

1.57%

Gasoline (1 liter)

$2.51 ISK 315

$2.53 ISK 316

-0.79%

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

$47.1K ISK 5.9M

$46.5K ISK 5.8M

1.37%

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

$52.6K ISK 6.6M

$51.5K ISK 6.4M

2.04%

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

$89.2 ISK 11.2K

$86.3 ISK 10.8K

3.36%

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

$27.07 ISK 3,387

$27.56 ISK 3,449

-1.78%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

$83.9 ISK 10.5K

0.32%

Gym Membership (Monthly)

$84.0 ISK 10.5K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.42 ISK 2,180

$17.84 ISK 2,232

-2.35%

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

$324 ISK 40.5K

$315 ISK 39.4K

2.69%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$29.9K ISK 3.7M

2.02%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

$139 ISK 17.5K

1.45%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,837

$61.0 ISK 7,638

2.60%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$179 ISK 22.4K

2.29%

Men's Leather Business Shoes

$268 ISK 33.5K

$267 ISK 33.4K

0.39%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

Buy Apartment in City Center (m2)

$7,833 ISK 980.2K

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

$1,171 ISK 146.6K

435.11%

Average Monthly Net Salary (After Tax)

$4,471 ISK 559.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Reykjavik: March 3, 2026

Last update for Grundarfjordur: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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