Cost of Living Comparison Between Reykjavik and Hafnarfjordur Cost of Living Comparison Between Reykjavik and Hafnarfjordur

😐 Solo nomad: Reykjavik is 12.1% more expensive than Hafnarfjordur without rent, and 1.9% more expensive with rent.

😐 Family of 3: Reykjavik is 4.4% more expensive than Hafnarfjordur without rent, and 4.1% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$27.05 ISK 3,407

-1.29%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$144 ISK 18.1K

0.61%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$16.33 ISK 2,057

37.11%

Cappuccino

$6.06 ISK 764

$6.19 ISK 780

-2.10%

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

$3.28 ISK 414

$3.30 ISK 416

-0.61%

Water (0.33 liter bottle)

$2.62 ISK 330

$2.52 ISK 317

3.97%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$12.82 ISK 1,615

1.56%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$11.18 ISK 1,409

0.89%

Milk (1 liter)

$1.87 ISK 235

$1.64 ISK 207

14.02%

White Bread (500g)

$4.32 ISK 544

$4.25 ISK 536

1.65%

Rice (white) (1kg)

$3.71 ISK 468

$3.61 ISK 455

2.77%

Eggs

$6.52 ISK 821

$6.53 ISK 822

-0.15%

Local Cheese (1kg)

$18.16 ISK 2,288

$18.48 ISK 2,328

-1.73%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$24.11 ISK 3,038

-1.16%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$42.19 ISK 5,315

1.52%

Apples (1kg)

$3.37 ISK 424

$3.24 ISK 408

4.01%

Banana (1kg)

$2.50 ISK 315

$2.46 ISK 310

1.63%

Oranges (1kg)

$3.03 ISK 382

$2.99 ISK 377

1.34%

Tomato (1kg)

$4.98 ISK 627

$5.09 ISK 641

-2.16%

Potato (1kg)

$3.66 ISK 461

$3.57 ISK 449

2.52%

Onion (1kg)

$2.40 ISK 302

$2.33 ISK 293

3.00%

Lettuce (1 head)

$3.06 ISK 386

$3.10 ISK 390

-1.29%

Water (1.5 liter bottle)

$2.01 ISK 253

$2.03 ISK 255

-0.99%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$13.49 ISK 1,699

2.45%

Wine (Bottle)

$23.58 ISK 2,971

$24.10 ISK 3,036

-2.16%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$3.62 ISK 456

-1.93%

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$3.23 ISK 407

0.31%

One-way Ticket (Public Transport)

$5.19 ISK 654

$5.17 ISK 652

0.39%

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

$83.4 ISK 10.5K

5.07%

Taxi Start (Normal Tariff)

$6.18 ISK 778

$6.17 ISK 777

0.16%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$2.64 ISK 332

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$86.5 ISK 10.9K

0.91%

Gasoline (1 liter)

$2.56 ISK 322

$2.48 ISK 313

3.23%

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

$48.0K ISK 6.0M

$46.5K ISK 5.9M

3.24%

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

$52.5K ISK 6.6M

$52.8K ISK 6.7M

-0.70%

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

$88.6 ISK 11.2K

$67.5 ISK 8,507

31.26%

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

$27.96 ISK 3,522

$27.42 ISK 3,454

1.97%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$85.3 ISK 10.7K

-0.68%

Gym Membership (Monthly)

$81.7 ISK 10.3K

$63.7 ISK 8,026

28.19%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.53 ISK 2,208

$16.37 ISK 2,063

7.09%

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

$316 ISK 39.7K

$316 ISK 39.8K

-0.25%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$29.8K ISK 3.7M

1.17%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$120 ISK 15.1K

16.37%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$61.8 ISK 7,784

1.02%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$122 ISK 15.3K

49.71%

Men's Leather Business Shoes

$264 ISK 33.2K

$265 ISK 33.4K

-0.66%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

$2,373 ISK 299.0K

-6.24%

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$2,041 ISK 257.1K

0.33%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

$3,241 ISK 408.3K

-2.69%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$2,555 ISK 321.8K

5.33%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

$6,838 ISK 861.3K

10.28%

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

$6,703 ISK 844.4K

-6.66%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$4,521 ISK 569.5K

-0.70%

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: January 10, 2026

Last update for Hafnarfjordur: January 11, 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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