Cost of Living Comparison Between Reykjavik and Hallormsstadur Cost of Living Comparison Between Reykjavik and Hallormsstadur

Meal at Budget Restaurant

$27.22 ISK 3,406

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

Cappuccino

$5.94 ISK 744

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

$3.26 ISK 408

Water (0.33 liter bottle)

$2.54 ISK 318

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

Milk (1 liter)

$1.88 ISK 236

White Bread (500g)

$4.33 ISK 542

Rice (white) (1kg)

$3.57 ISK 447

Eggs

$6.56 ISK 821

Local Cheese (1kg)

$18.18 ISK 2,275

Chicken Fillets (1kg)

$24.52 ISK 3,069

Beef Round Steak (1kg)

$42.03 ISK 5,260

Apples (1kg)

$3.20 ISK 400

Banana (1kg)

$2.42 ISK 303

Oranges (1kg)

$3.06 ISK 383

Tomato (1kg)

$4.86 ISK 609

Potato (1kg)

$3.66 ISK 458

Onion (1kg)

$2.34 ISK 293

Lettuce (1 head)

$3.14 ISK 393

Water (1.5 liter bottle)

$2.02 ISK 253

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

Wine (Bottle)

$23.74 ISK 2,971

Local Beer (0.5 liter bottle)

$3.69 ISK 462

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

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

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

Gasoline (1 liter)

$2.51 ISK 315

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

$47.1K ISK 5.9M

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

$52.6K ISK 6.6M

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

$89.2 ISK 11.2K

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

$27.07 ISK 3,387

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

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

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

$324 ISK 40.5K

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,837

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

Men's Leather Business Shoes

$268 ISK 33.5K

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

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 Hallormsstadur: March 1, 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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