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

😐 Solo nomad: Reykjavik is 25.9% more expensive than Hverageroi without rent, and 137.7% more expensive with rent.

😐 Family of 3: Reykjavik is 15.9% more expensive than Hverageroi without rent, and 76.1% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$26.79 ISK 3,375

-0.34%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$146 ISK 18.4K

-0.96%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$22.77 ISK 2,868

-1.67%

Cappuccino

$6.06 ISK 764

$6.04 ISK 761

0.33%

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

$3.28 ISK 414

$3.21 ISK 405

2.18%

Water (0.33 liter bottle)

$2.62 ISK 330

$2.59 ISK 326

1.16%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$12.92 ISK 1,627

0.77%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$11.10 ISK 1,398

1.62%

Milk (1 liter)

$1.87 ISK 235

$1.92 ISK 242

-2.60%

White Bread (500g)

$4.32 ISK 544

$4.31 ISK 543

0.23%

Rice (white) (1kg)

$3.71 ISK 468

$3.59 ISK 452

3.34%

Eggs

$6.52 ISK 821

$6.40 ISK 806

1.87%

Local Cheese (1kg)

$18.16 ISK 2,288

$18.26 ISK 2,300

-0.55%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$24.32 ISK 3,064

-2.01%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$42.40 ISK 5,341

1.01%

Apples (1kg)

$3.37 ISK 424

$3.22 ISK 406

4.66%

Banana (1kg)

$2.50 ISK 315

$2.43 ISK 306

2.88%

Oranges (1kg)

$3.03 ISK 382

$3.00 ISK 378

1.00%

Tomato (1kg)

$4.98 ISK 627

$5.04 ISK 635

-1.19%

Potato (1kg)

$3.66 ISK 461

$3.65 ISK 460

0.27%

Onion (1kg)

$2.40 ISK 302

$2.43 ISK 306

-1.23%

Lettuce (1 head)

$3.06 ISK 386

$3.02 ISK 380

1.32%

Water (1.5 liter bottle)

$2.01 ISK 253

$1.93 ISK 243

4.15%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$13.92 ISK 1,753

-0.72%

Wine (Bottle)

$23.58 ISK 2,971

$24.29 ISK 3,060

-2.92%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$3.67 ISK 463

-3.27%

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$3.33 ISK 419

-2.70%

One-way Ticket (Public Transport)

$5.19 ISK 654

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

Taxi Start (Normal Tariff)

$6.18 ISK 778

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$2.63 ISK 331

0.38%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$84.5 ISK 10.6K

3.28%

Gasoline (1 liter)

$2.56 ISK 322

$2.48 ISK 312

3.23%

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

$48.0K ISK 6.0M

$46.4K ISK 5.8M

3.38%

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

$52.5K ISK 6.6M

$52.0K ISK 6.6M

0.83%

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

$88.6 ISK 11.2K

$86.2 ISK 10.9K

2.84%

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

$27.96 ISK 3,522

$27.97 ISK 3,524

-0.04%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$83.6 ISK 10.5K

1.23%

Gym Membership (Monthly)

$81.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.53 ISK 2,208

$17.84 ISK 2,247

-1.74%

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

$316 ISK 39.7K

$321 ISK 40.4K

-1.72%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$30.5K ISK 3.8M

-1.24%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$138 ISK 17.4K

1.02%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$62.2 ISK 7,835

0.37%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$183 ISK 23.0K

-0.47%

Men's Leather Business Shoes

$264 ISK 33.2K

$270 ISK 34.0K

-2.27%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

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: January 10, 2026

Last update for Hverageroi: 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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