Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Guararema

For one person, living is cheaper in Guararema: $797 a month against $4,023 in Reykjavik, rent and utilities included – about $38,700 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
39

Cost of Living Index in Guararema
Learn more

Guararema Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Guararema

🇧🇷 Brazil

$797

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Guararema

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

Monthly costs for one person with rent: $4,023 in Reykjavik versus $797 in Guararema.

Reykjavik $4,023
Guararema $797

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,308 in Guararema.

Reykjavik $5,708
Guararema $1,308

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $1,818 in Guararema.

Reykjavik $7,393
Guararema $1,818

Living in Reykjavik is roughly 405% more expensive than in Guararema, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Reykjavik is 197% above, Guararema is 41% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$6.12 R$31.03

406.54%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$36.21 R$184

240.24%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$8.91 R$45.16

205.39%

Cappuccino

$6.90 ISK 837

$1.28 R$6.49

439.06%

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

$3.30 ISK 401

$1.27 R$6.45

159.84%

Water (0.33 liter bottle)

$3.16 ISK 384

$0.89 R$4.50

255.06%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$2.00 R$10.12

592.00%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$3.24 R$16.44

284.57%

Milk (1 liter)

$2.06 ISK 250

$1.01 R$5.10

103.96%

White Bread (500g)

$4.11 ISK 498

$1.47 R$7.44

179.59%

Rice (white) (1kg)

$3.68 ISK 446

$1.38 R$7.01

166.67%

Eggs

$7.27 ISK 882

$2.58 R$13.08

181.78%

Local Cheese (1kg)

$21.79 ISK 2,643

$10.59 R$53.7

105.76%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$4.98 R$25.26

380.92%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$10.52 R$53.3

293.82%

Apples (1kg)

$3.42 ISK 414

$2.27 R$11.50

50.66%

Banana (1kg)

$2.84 ISK 344

$1.70 R$8.63

67.06%

Oranges (1kg)

$3.23 ISK 391

$1.51 R$7.67

113.91%

Tomato (1kg)

$6.46 ISK 783

$1.38 R$7.02

368.12%

Potato (1kg)

$4.05 ISK 491

$1.25 R$6.33

224.00%

Onion (1kg)

$1.66 ISK 202

$1.23 R$6.25

34.96%

Lettuce (1 head)

$3.86 ISK 468

$0.97 R$4.92

297.94%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.79 R$4.02

132.91%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.55 R$12.94

447.45%

Wine (Bottle)

$23.76 ISK 2,882

$7.89 R$40.02

201.14%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.55 R$7.83

128.39%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.48 R$12.55

38.71%

One-way Ticket (Public Transport)

$5.81 ISK 705

$1.15 R$5.84

405.22%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$20.62 R$105

362.32%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.16 R$5.86

479.31%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$0.77 R$3.91

264.94%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$8.33 R$42.25

876.47%

Gasoline (1 liter)

$2.12 ISK 257

$1.30 R$6.57

63.08%

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

$68.9K ISK 8.4M

$15.4K R$78.0K

348.07%

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

$55.8K ISK 6.8M

$23.4K R$118.6K

138.42%

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

$95.8 ISK 11.6K

$40.18 R$204

138.45%

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

$33.11 ISK 4,016

$7.83 R$39.69

322.86%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$15.58 R$79.0

459.37%

Gym Membership (Monthly)

$101 ISK 12.3K

$26.20 R$133

285.80%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$20.79 R$105

144.06%

Cinema Ticket

$19.85 ISK 2,407

$3.95 R$20.03

402.53%

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

$1,195 ISK 144.9K

$436 R$2,210

174.08%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$10.7K R$54.1K

145.76%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$50.5 R$256

193.35%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$30.99 R$157

115.39%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$89.1 R$451

109.52%

Men's Leather Business Shoes

$253 ISK 30.6K

$58.5 R$297

331.70%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$359 R$1,820

618.14%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$238 R$1,208

773.33%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$674 R$3,415

412.87%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$469 R$2,376

487.26%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,681 R$8,524

371.80%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,171 R$5,934

444.75%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

$300 R$1,519

1467.08%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-2.11%

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

Last update for Reykjavik: October 20, 2026

Last update for Guararema: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Guararema

$238 29.9% 88.5% $1.8K

Groceries & Markets

Reykjavik

$619 15.4%

Guararema

$211 26.5% 65.9% $408

Eating Out

Reykjavik

$532 13.2%

Guararema

$116 14.6% 78.2% $416

Clothing & Footwear

Reykjavik

$294 7.3%

Guararema

$103 12.9% 65% $191

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Guararema

$64 8% 70.6% $152

Sport & Entertainment

Reykjavik

$141 3.5%

Guararema

$34 4.3% 75.8% $107

Getting Around

Reykjavik

$139 3.5%

Guararema

$30 3.8% 78.3% $109

Cost Breakdown

A one-bedroom apartment in the center runs $2,579 in Reykjavik and $359 in Guararema. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 1467% 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 $36.00 in Guararema for a mid-range dinner for two. Groceries echo the gap at $619 vs $211 per month, with Guararema cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Guararema

🕒 Local time

11:21 11:21 AM

08:21 8:21 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

31,236

💱 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

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Highest

Between locations

Reykjavik Guararema 9,960 km ≈ 13 h nonstop flight

From you

Reykjavik
Guararema

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 Guararema: Cost of Living - Frequently Asked Questions

Guararema is cheaper overall, especially in groceries, eating out, and clothing. The 405% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 1467% 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 $359 in Guararema. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $4,023 per month in Reykjavik versus $797 in Guararema – a 405% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Guararema runs roughly 362% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $797 in Guararema versus $4,023 in Reykjavik, a $1,500 budget is realistic in Guararema but tight or insufficient in Reykjavik. The gap between the two cities makes Guararema the clear choice for anyone on this budget.

For families, Guararema 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 Guararema 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 Guararema gentler on the wallet – expenses run 405% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.