Cost of Living Comparison Between Reykjavik and Hella Cost of Living Comparison Between Reykjavik and Hella

😐 Solo nomad: Reykjavik is 10.8% more expensive than Hella without rent, and 138.2% more expensive with rent.

😐 Family of 3: Reykjavik is 9.2% more expensive than Hella without rent, and 74.7% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,406

$27.19 ISK 3,403

0.11%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$146 ISK 18.2K

-0.75%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

$22.31 ISK 2,792

0.45%

Cappuccino

$5.94 ISK 744

$5.95 ISK 744

-0.17%

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

$3.26 ISK 408

$3.24 ISK 406

0.62%

Water (0.33 liter bottle)

$2.54 ISK 318

$2.51 ISK 315

1.20%

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

$12.68 ISK 1,586

1.18%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

$11.34 ISK 1,420

1.06%

Milk (1 liter)

$1.88 ISK 236

$1.94 ISK 243

-3.09%

White Bread (500g)

$4.33 ISK 542

$4.16 ISK 521

4.09%

Rice (white) (1kg)

$3.57 ISK 447

$3.59 ISK 450

-0.56%

Eggs

$6.56 ISK 821

$6.51 ISK 815

0.77%

Local Cheese (1kg)

$18.18 ISK 2,275

$18.09 ISK 2,264

0.50%

Chicken Fillets (1kg)

$24.52 ISK 3,069

$24.39 ISK 3,052

0.53%

Beef Round Steak (1kg)

$42.03 ISK 5,260

$43.11 ISK 5,395

-2.51%

Apples (1kg)

$3.20 ISK 400

$3.32 ISK 416

-3.61%

Banana (1kg)

$2.42 ISK 303

$2.43 ISK 304

-0.41%

Oranges (1kg)

$3.06 ISK 383

$2.99 ISK 374

2.34%

Tomato (1kg)

$4.86 ISK 609

$5.10 ISK 638

-4.71%

Potato (1kg)

$3.66 ISK 458

$3.53 ISK 442

3.68%

Onion (1kg)

$2.34 ISK 293

$2.32 ISK 290

0.86%

Lettuce (1 head)

$3.14 ISK 393

$3.19 ISK 400

-1.57%

Water (1.5 liter bottle)

$2.02 ISK 253

$1.95 ISK 244

3.59%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

$13.59 ISK 1,701

2.35%

Wine (Bottle)

$23.74 ISK 2,971

$24.40 ISK 3,053

-2.70%

Local Beer (0.5 liter bottle)

$3.69 ISK 462

$3.70 ISK 463

-0.27%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

$3.22 ISK 403

0.31%

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

$6.19 ISK 775

5.65%

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

$2.64 ISK 331

-1.52%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

$86.2 ISK 10.8K

-0.44%

Gasoline (1 liter)

$2.51 ISK 315

$2.45 ISK 307

2.45%

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

$47.1K ISK 5.9M

$47.4K ISK 5.9M

-0.49%

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

$52.6K ISK 6.6M

$53.1K ISK 6.6M

-1.08%

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

$27.93 ISK 3,495

-3.08%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

$86.3 ISK 10.8K

-2.42%

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

$17.74 ISK 2,220

-1.80%

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

$324 ISK 40.5K

$317 ISK 39.6K

2.26%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$29.6K ISK 3.7M

2.85%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

$140 ISK 17.6K

0.81%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,837

$61.4 ISK 7,677

2.09%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$186 ISK 23.3K

-1.39%

Men's Leather Business Shoes

$268 ISK 33.5K

$265 ISK 33.1K

1.26%

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 Hella: February 28, 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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