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

🙂 Solo nomad: Reykjavik is 3.8% cheaper than Hafnarfjordur without rent, and 2.8% more expensive with rent.

😐 Family of 3: Reykjavik is 4.5% more expensive than Hafnarfjordur without rent, and 4.2% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,406

$27.08 ISK 3,389

0.52%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$146 ISK 18.2K

-0.61%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

$16.50 ISK 2,065

35.82%

Cappuccino

$5.94 ISK 744

$6.20 ISK 775

-4.19%

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

$3.26 ISK 408

$3.36 ISK 421

-2.98%

Water (0.33 liter bottle)

$2.54 ISK 318

$2.64 ISK 330

-3.79%

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

$12.84 ISK 1,606

-0.08%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

$11.42 ISK 1,429

0.35%

Milk (1 liter)

$1.88 ISK 236

$1.69 ISK 211

11.24%

White Bread (500g)

$4.33 ISK 542

$4.36 ISK 545

-0.69%

Rice (white) (1kg)

$3.57 ISK 447

$3.56 ISK 445

0.28%

Eggs

$6.56 ISK 821

$6.41 ISK 802

2.34%

Local Cheese (1kg)

$18.18 ISK 2,275

$17.79 ISK 2,226

2.19%

Chicken Fillets (1kg)

$24.52 ISK 3,069

$24.17 ISK 3,025

1.45%

Beef Round Steak (1kg)

$42.03 ISK 5,260

$42.16 ISK 5,276

-0.31%

Apples (1kg)

$3.20 ISK 400

$3.23 ISK 404

-0.93%

Banana (1kg)

$2.42 ISK 303

$2.36 ISK 295

2.54%

Oranges (1kg)

$3.06 ISK 383

$3.02 ISK 378

1.32%

Tomato (1kg)

$4.86 ISK 609

$4.92 ISK 615

-1.22%

Potato (1kg)

$3.66 ISK 458

$3.59 ISK 449

1.95%

Onion (1kg)

$2.34 ISK 293

$2.45 ISK 306

-4.49%

Lettuce (1 head)

$3.14 ISK 393

$3.16 ISK 396

-0.63%

Water (1.5 liter bottle)

$2.02 ISK 253

$1.99 ISK 249

1.51%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

$13.78 ISK 1,724

0.94%

Wine (Bottle)

$23.74 ISK 2,971

$24.14 ISK 3,020

-1.66%

Local Beer (0.5 liter bottle)

$3.69 ISK 462

$3.58 ISK 448

3.07%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

$3.25 ISK 407

-0.62%

One-way Ticket (Public Transport)

$5.29 ISK 662

$4.94 ISK 618

7.09%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

$84.2 ISK 10.5K

4.77%

Taxi Start (Normal Tariff)

$6.54 ISK 818

$6.17 ISK 772

6.00%

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

$2.65 ISK 332

-1.89%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

$84.8 ISK 10.6K

1.19%

Gasoline (1 liter)

$2.51 ISK 315

$2.44 ISK 305

2.87%

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

$47.1K ISK 5.9M

$47.2K ISK 5.9M

-0.23%

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

$52.6K ISK 6.6M

$53.1K ISK 6.6M

-1.00%

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

$89.2 ISK 11.2K

$68.3 ISK 8,552

30.47%

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

$27.07 ISK 3,387

$27.37 ISK 3,425

-1.10%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

$86.7 ISK 10.9K

-2.94%

Gym Membership (Monthly)

$84.0 ISK 10.5K

$64.5 ISK 8,074

30.13%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.42 ISK 2,180

$16.42 ISK 2,054

6.09%

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

$324 ISK 40.5K

$325 ISK 40.7K

-0.48%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$30.3K ISK 3.8M

0.48%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

$121 ISK 15.1K

17.33%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,837

$62.1 ISK 7,770

0.87%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$120 ISK 15.0K

52.77%

Men's Leather Business Shoes

$268 ISK 33.5K

$262 ISK 32.8K

2.31%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

$2,438 ISK 305.1K

-9.91%

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

$1,980 ISK 247.8K

3.68%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.3K

$3,271 ISK 409.3K

-3.42%

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

$2,522 ISK 315.6K

8.18%

Buy Apartment in City Center (m2)

$7,833 ISK 980.2K

$7,005 ISK 876.6K

11.82%

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

$7,010 ISK 877.3K

-10.58%

Average Monthly Net Salary (After Tax)

$4,471 ISK 559.5K

$4,758 ISK 595.4K

-6.02%

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 Hafnarfjordur: March 2, 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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