Cost of Living Comparison Between Reykjavik and Hverageroi Cost of Living Comparison Between Reykjavik and Hverageroi

😐 Solo nomad: Reykjavik is 21.6% more expensive than Hverageroi without rent, and 136.6% more expensive with rent.

😐 Family of 3: Reykjavik is 21.5% more expensive than Hverageroi without rent, and 81% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,406

$27.43 ISK 3,433

-0.77%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$144 ISK 18.0K

0.36%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

Cappuccino

$5.94 ISK 744

$5.98 ISK 748

-0.67%

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

$3.26 ISK 408

$3.39 ISK 425

-3.83%

Water (0.33 liter bottle)

$2.54 ISK 318

$2.61 ISK 326

-2.68%

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

$12.82 ISK 1,604

0.08%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

$11.35 ISK 1,421

0.97%

Milk (1 liter)

$1.88 ISK 236

$1.88 ISK 235

White Bread (500g)

$4.33 ISK 542

$4.15 ISK 519

4.34%

Rice (white) (1kg)

$3.57 ISK 447

$3.62 ISK 453

-1.38%

Eggs

$6.56 ISK 821

$6.46 ISK 808

1.55%

Local Cheese (1kg)

$18.18 ISK 2,275

$18.28 ISK 2,287

-0.55%

Chicken Fillets (1kg)

$24.52 ISK 3,069

$23.66 ISK 2,961

3.63%

Beef Round Steak (1kg)

$42.03 ISK 5,260

$42.05 ISK 5,263

-0.05%

Apples (1kg)

$3.20 ISK 400

$3.22 ISK 403

-0.62%

Banana (1kg)

$2.42 ISK 303

$2.44 ISK 306

-0.82%

Oranges (1kg)

$3.06 ISK 383

$2.97 ISK 372

3.03%

Tomato (1kg)

$4.86 ISK 609

$5.09 ISK 637

-4.52%

Potato (1kg)

$3.66 ISK 458

$3.56 ISK 446

2.81%

Onion (1kg)

$2.34 ISK 293

$2.32 ISK 291

0.86%

Lettuce (1 head)

$3.14 ISK 393

$3.03 ISK 379

3.63%

Water (1.5 liter bottle)

$2.02 ISK 253

$1.94 ISK 243

4.12%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

$13.72 ISK 1,717

1.38%

Wine (Bottle)

$23.74 ISK 2,971

$24.30 ISK 3,040

-2.30%

Local Beer (0.5 liter bottle)

$3.69 ISK 462

$3.76 ISK 470

-1.86%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

$3.25 ISK 406

-0.62%

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

$6.22 ISK 778

5.14%

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

$2.66 ISK 333

-2.26%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

$84.4 ISK 10.6K

1.66%

Gasoline (1 liter)

$2.51 ISK 315

$2.47 ISK 310

1.62%

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

$47.1K ISK 5.9M

0.12%

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

$52.6K ISK 6.6M

$51.6K ISK 6.5M

1.86%

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

$89.2 ISK 11.2K

$86.9 ISK 10.9K

2.57%

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

$27.07 ISK 3,387

$26.97 ISK 3,375

0.37%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

-0.08%

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

$17.69 ISK 2,214

-1.53%

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

$324 ISK 40.5K

$327 ISK 40.9K

-0.97%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$29.8K ISK 3.7M

2.17%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

0.29%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,837

$60.8 ISK 7,610

2.99%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$183 ISK 23.0K

-0.10%

Men's Leather Business Shoes

$268 ISK 33.5K

$264 ISK 33.1K

1.43%

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 Hverageroi: 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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