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

😐 Solo nomad: Reykjavik is 22% more expensive than Grundarfjordur without rent, and 139.1% more expensive with rent.

😐 Family of 3: Reykjavik is 27.9% more expensive than Grundarfjordur without rent, and 79.7% more expensive with rent.

Meal at Budget Restaurant

$26.9 ISK 3,355

$26.89 ISK 3,354

0.04%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.3K

$143 ISK 17.8K

2.36%

Fast Food Meal (McDonalds, etc)

$22.18 ISK 2,767

$22.13 ISK 2,761

0.23%

Cappuccino

$6.08 ISK 758

$6.16 ISK 769

-1.30%

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

$3.4 ISK 424

$3.24 ISK 404

4.94%

Water (0.33 liter bottle)

$2.5 ISK 312

$2.51 ISK 313

-0.40%

Local Beer (0.5 liter draught)

$12.96 ISK 1,617

$12.69 ISK 1,583

2.13%

Imported Beer (0.33 liter bottle)

$11.05 ISK 1,379

$11.45 ISK 1,428

-3.49%

Milk (1 liter)

$1.88 ISK 234

$1.93 ISK 241

-2.59%

White Bread (500g)

$4.26 ISK 531

$4.39 ISK 547

-2.96%

Rice (white) (1kg)

$3.67 ISK 458

Eggs

$6.51 ISK 813

$6.52 ISK 814

-0.15%

Local Cheese (1kg)

$17.83 ISK 2,224

$18.17 ISK 2,266

-1.87%

Chicken Fillets (1kg)

$24.1 ISK 3,006

$24.29 ISK 3,030

-0.78%

Beef Round Steak (1kg)

$43.22 ISK 5,391

$41.67 ISK 5,198

3.72%

Apples (1kg)

$3.19 ISK 397

$3.24 ISK 404

-1.54%

Banana (1kg)

$2.54 ISK 317

$2.5 ISK 311

1.60%

Oranges (1kg)

$3.09 ISK 386

$2.99 ISK 373

3.34%

Tomato (1kg)

$5.03 ISK 628

$4.97 ISK 621

1.21%

Potato (1kg)

$3.59 ISK 447

$3.68 ISK 459

-2.45%

Onion (1kg)

$2.4 ISK 300

$2.39 ISK 298

0.42%

Lettuce (1 head)

$3.08 ISK 384

$3.15 ISK 393

-2.22%

Water (1.5 liter bottle)

$2.01 ISK 250

$1.95 ISK 243

3.08%

Cigarettes 20 Pack (Marlboro, Camel)

$13.9 ISK 1,734

$13.79 ISK 1,720

0.80%

Wine (Bottle)

$23.87 ISK 2,978

$24.42 ISK 3,047

-2.25%

Local Beer (0.5 liter bottle)

$3.62 ISK 452

$3.73 ISK 466

-2.95%

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

One-way Ticket (Public Transport)

$5.27 ISK 658

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

Taxi Start (Normal Tariff)

$6.26 ISK 781

$6.49 ISK 810

-3.54%

Taxi (Normal Tariff) (1km)

$2.53 ISK 316

$2.66 ISK 331

-4.89%

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.6K

$85.7 ISK 10.7K

-0.50%

Gasoline (1 liter)

$2.57 ISK 321

$2.43 ISK 304

5.76%

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

$47.8K ISK 6M

$47.9K ISK 6M

-0.29%

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

$52.4K ISK 6.5M

$52.3K ISK 6.5M

0.20%

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

$86.5 ISK 10.8K

$88.5 ISK 11K

-2.25%

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

$26.91 ISK 3,357

$27.54 ISK 3,436

-2.29%

Internet (50+ Mbps, Unlimited Data)

$84.9 ISK 10.6K

$83.9 ISK 10.5K

1.25%

Gym Membership (Monthly)

$82.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

Cinema Ticket

$17.83 ISK 2,225

$17.39 ISK 2,170

2.53%

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

$318 ISK 39.7K

$318 ISK 39.6K

0.30%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

$30.7K ISK 3.8M

-2.44%

Jeans (Levis 501 Or Similar)

$141 ISK 17.6K

$139 ISK 17.3K

1.65%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,785

$61 ISK 7,607

2.33%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$183 ISK 22.8K

0.39%

Men's Leather Business Shoes

$267 ISK 33.3K

$268 ISK 33.4K

-0.35%

1-bedroom Apartment, City Center (Monthly)

$2,179 ISK 271.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 249.6K

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,726 ISK 340.1K

Buy Apartment in City Center (m2)

$7,821 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,501 ISK 811K

$1,147 ISK 143.1K

466.72%

Average Monthly Net Salary (After Tax)

$4,376 ISK 546K

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: October 28, 2025

Last update for Grundarfjordur: October 27, 2025

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