Last update: Nov 2026

Cost of Living Comparison Between Reykjavik and Hverageroi

For one person, living is cheaper in Hverageroi: $1,719 a month against $4,031 in Reykjavik, rent and utilities included – about $27,700 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
82

Cost of Living Index in Hverageroi
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Hverageroi Living Index

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Reykjavik

🇮🇸 Iceland

$4,031

/mo nomad

Hverageroi

🇮🇸 Iceland

$1,719

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Hverageroi

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Reykjavik and in Hverageroi actually costs, broken down by who's living it.

A single person spends $4,031 per month in Reykjavik vs $1,719 in Hverageroi, rent included.

Reykjavik $4,031
Hverageroi $1,719

A couple spends around $5,731 per month in Reykjavik vs $2,927 in Hverageroi, rent included.

Reykjavik $5,731
Hverageroi $2,927

A family of three spends $7,431 per month in Reykjavik vs $4,135 in Hverageroi, rent included.

Reykjavik $7,431
Hverageroi $4,135

Reykjavik costs about 134% more than Hverageroi, and outside of rent the biggest gap is in transport.

Both Reykjavik and Hverageroi sit above the global median – Reykjavik by 198%, Hverageroi by 27%.

Meal at Budget Restaurant

$30.60 ISK 3,714

$31.27 ISK 3,796

-2.14%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$124 ISK 15.1K

-1.46%

Fast Food Meal (McDonalds, etc)

$27.27 ISK 3,310

$27.50 ISK 3,339

-0.84%

Cappuccino

$6.90 ISK 838

$6.74 ISK 818

2.37%

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

$3.39 ISK 412

$3.37 ISK 409

0.59%

Water (0.33 liter bottle)

$3.18 ISK 386

$3.15 ISK 383

0.95%

Local Beer (0.5 liter draught)

$14.10 ISK 1,711

$14.10 ISK 1,712

Imported Beer (0.33 liter bottle)

$12.44 ISK 1,510

$12.30 ISK 1,494

1.14%

Milk (1 liter)

$2.05 ISK 249

$2.02 ISK 246

1.49%

White Bread (500g)

$4.36 ISK 529

$4.28 ISK 520

1.87%

Rice (white) (1kg)

$3.62 ISK 440

$3.65 ISK 443

-0.82%

Eggs

$7.06 ISK 857

$6.90 ISK 838

2.32%

Local Cheese (1kg)

$21.58 ISK 2,620

$21.93 ISK 2,663

-1.60%

Chicken Fillets (1kg)

$24.14 ISK 2,931

$23.98 ISK 2,912

0.67%

Beef Round Steak (1kg)

$41.47 ISK 5,035

$41.79 ISK 5,073

-0.77%

Apples (1kg)

$3.06 ISK 371

$3.36 ISK 408

-8.93%

Banana (1kg)

$2.81 ISK 341

$2.76 ISK 334

1.81%

Oranges (1kg)

$3.15 ISK 383

$3.18 ISK 387

-0.94%

Tomato (1kg)

$6.41 ISK 779

$6.38 ISK 774

0.47%

Potato (1kg)

$3.98 ISK 483

$3.91 ISK 474

1.79%

Onion (1kg)

$1.65 ISK 200

$1.70 ISK 207

-2.94%

Lettuce (1 head)

$3.73 ISK 452

$3.62 ISK 440

3.04%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.77 ISK 215

-1.13%

Cigarettes 20 Pack (Marlboro, Camel)

$13.94 ISK 1,693

$13.81 ISK 1,677

0.94%

Wine (Bottle)

$23.99 ISK 2,912

$23.51 ISK 2,854

2.04%

Local Beer (0.5 liter bottle)

$3.67 ISK 446

$3.54 ISK 430

3.67%

Imported Beer (0.33 liter bottle)

$3.46 ISK 420

$3.48 ISK 423

-0.57%

One-way Ticket (Public Transport)

$5.75 ISK 699

Public Transport Monthly Pass (Regular Price)

$95.5 ISK 11.6K

Taxi Start (Normal Tariff)

$7.15 ISK 868

$6.90 ISK 838

3.62%

Taxi (Normal Tariff) (1km)

$3.69 ISK 448

$2.90 ISK 352

27.24%

Taxi 1hour Waiting (Normal Tariff)

$97.7 ISK 11.9K

$81.7 ISK 9,920

19.59%

Gasoline (1 liter)

$2.00 ISK 243

$2.04 ISK 247

-1.96%

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

$68.0K ISK 8.3M

$69.7K ISK 8.5M

-2.46%

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

$55.8K ISK 6.8M

$55.0K ISK 6.7M

1.44%

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

$96.9 ISK 11.8K

$97.0 ISK 11.8K

-0.19%

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

$32.89 ISK 3,992

$32.70 ISK 3,970

0.58%

Internet (50+ Mbps, Unlimited Data)

$89.6 ISK 10.9K

$85.4 ISK 10.4K

4.88%

Gym Membership (Monthly)

$99.0 ISK 12.0K

Tennis Court (1 Hour on Weekend)

$51.0 ISK 6,186

Cinema Ticket

$19.75 ISK 2,398

$19.66 ISK 2,387

0.46%

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

$1,203 ISK 146.0K

$1,207 ISK 146.6K

-0.36%

International Primary School, 1 Child (Yearly)

$18.6K ISK 2.3M

$26.2K ISK 3.2M

-28.90%

Jeans (Levis 501 Or Similar)

$151 ISK 18.3K

$150 ISK 18.2K

0.77%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,874

$66.8 ISK 8,107

-2.88%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$185 ISK 22.4K

-0.80%

Men's Leather Business Shoes

$255 ISK 31.0K

$247 ISK 29.9K

3.42%

1-bedroom Apartment, City Center (Monthly)

$2,615 ISK 317.4K

1-bedroom Apartment, Outside City Center (Monthly)

$2,086 ISK 253.2K

3-bedroom Apartment, City Center (Monthly)

$3,535 ISK 429.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,796 ISK 339.4K

Buy Apartment in City Center (m2)

$8,182 ISK 993.3K

Buy Apartment Outside City Center (m2)

$6,284 ISK 762.8K

Average Monthly Net Salary (After Tax)

$4,790 ISK 581.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Reykjavik: November 1, 2026

Last update for Hverageroi: November 1, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Reykjavik

$2.1K 51.7%

Hverageroi

- * 0% 100%

Groceries & Markets

Reykjavik

$618 15.3%

Hverageroi

$617 35.9% 0.2% $1

Eating Out

Reykjavik

$531 13.2%

Hverageroi

$535 31.1% 0.7% $3.7

Clothing & Footwear

Reykjavik

$294 7.3%

Hverageroi

$292 17% 0.9% $2.8

Monthly Utilities & Internet

Reykjavik

$219 5.4%

Hverageroi

$215 12.5% 1.9% $4.2

Getting Around

Reykjavik

$144 3.6%

Hverageroi

$21 * 1.2% 85.2% $123

Sport & Entertainment

Reykjavik

$138 3.4%

Hverageroi

$39 * 2.3% 71.6% $99

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $122 in Reykjavik versus $124 in Hverageroi. Groceries tell a different story – $618 in Reykjavik vs $617 in Hverageroi – so Hverageroi wins on supermarket bills even if dining out costs more.

Good to know

🇮🇸 Reykjavik

🇮🇸 Hverageroi

🕒 Local time

08:32 8:32 AM

Same time as Reykjavik

🌤 Weather

👥 Population

136,894 Capital

2,657

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 EUR

Exchange rates and currency converter

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Reykjavik Hverageroi 40 km

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Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Reykjavik vs Hverageroi: Cost of Living - Frequently Asked Questions

Reykjavik costs about 134% more than Hverageroi, and outside of rent the gap comes mainly from transport. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,046 per month in Reykjavik and $2,578 in Hverageroi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $4,031 in Reykjavik and $1,719 in Hverageroi. That makes Hverageroi about 57% cheaper.

Kindergarten costs $1,203 per month in Reykjavik and $1,207 in Hverageroi. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Hverageroi, where all-in costs run around $1,719, than in Reykjavik at $4,031. In Hverageroi it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $1,719 in Hverageroi to $4,031 in Reykjavik. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.