Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Irati

For one person, living is cheaper in Irati: $784 a month against $4,023 in Reykjavik, rent and utilities included – about $38,900 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
38

Cost of Living Index in Irati
Learn more

Irati Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Irati

🇧🇷 Brazil

$784

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Irati

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 Irati actually costs, broken down by who's living it.

Monthly costs for one person with rent: $4,023 in Reykjavik versus $784 in Irati.

Reykjavik $4,023
Irati $784

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,240 in Irati.

Reykjavik $5,708
Irati $1,240

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $1,695 in Irati.

Reykjavik $7,393
Irati $1,695

Living in Reykjavik is roughly 413% more expensive than in Irati, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 197% above, Irati is 42% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$6.14 R$31.12

404.89%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$24.52 R$124

402.45%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$7.08 R$35.87

284.32%

Cappuccino

$6.90 ISK 837

$1.46 R$7.41

372.60%

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

$3.30 ISK 401

$0.58 R$2.94

468.97%

Water (0.33 liter bottle)

$3.16 ISK 384

$0.52 R$2.65

507.69%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$1.38 R$6.99

902.90%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$2.10 R$10.62

493.33%

Milk (1 liter)

$2.06 ISK 250

$0.83 R$4.20

148.19%

White Bread (500g)

$4.11 ISK 498

$1.16 R$5.89

254.31%

Rice (white) (1kg)

$3.68 ISK 446

$0.81 R$4.08

354.32%

Eggs

$7.27 ISK 882

$1.38 R$7.00

426.81%

Local Cheese (1kg)

$21.79 ISK 2,643

$6.61 R$33.50

229.65%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$3.22 R$16.33

643.79%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$6.95 R$35.25

496.12%

Apples (1kg)

$3.42 ISK 414

$1.66 R$8.41

106.02%

Banana (1kg)

$2.84 ISK 344

$0.79 R$4.00

259.49%

Oranges (1kg)

$3.23 ISK 391

$0.76 R$3.86

325.00%

Tomato (1kg)

$6.46 ISK 783

$1.35 R$6.86

378.52%

Potato (1kg)

$4.05 ISK 491

$0.78 R$3.94

419.23%

Onion (1kg)

$1.66 ISK 202

$0.57 R$2.91

191.23%

Lettuce (1 head)

$3.86 ISK 468

$0.50 R$2.55

672.00%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.61 R$3.07

201.64%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.23 R$11.30

526.01%

Wine (Bottle)

$23.76 ISK 2,882

$8.69 R$44.04

173.42%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.12 R$5.66

216.07%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$1.55 R$7.88

121.94%

One-way Ticket (Public Transport)

$5.81 ISK 705

$1.00 R$5.09

481.00%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$43.53 R$221

119.00%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.37 R$6.93

390.51%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$1.56 R$7.93

80.13%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$5.49 R$27.83

1381.60%

Gasoline (1 liter)

$2.12 ISK 257

$1.31 R$6.63

61.83%

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

$68.9K ISK 8.4M

$18.2K R$92.3K

278.40%

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

$55.8K ISK 6.8M

$26.1K R$132.1K

114.15%

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

$95.8 ISK 11.6K

$60.4 R$306

58.52%

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

$33.11 ISK 4,016

$11.44 R$58.0

189.42%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$17.50 R$88.7

398.00%

Gym Membership (Monthly)

$101 ISK 12.3K

$25.95 R$132

289.52%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$27.79 R$141

82.58%

Cinema Ticket

$19.85 ISK 2,407

$7.04 R$35.70

181.96%

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

$1,195 ISK 144.9K

$321 R$1,627

272.30%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$6,513 R$33.0K

302.63%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$46.12 R$234

221.47%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$47.86 R$243

39.47%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$92.0 R$466

102.80%

Men's Leather Business Shoes

$253 ISK 30.6K

$59.0 R$299

327.90%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$355 R$1,800

626.34%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$237 R$1,202

777.41%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$686 R$3,476

403.77%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$464 R$2,352

493.08%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,735 R$8,796

357.18%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,194 R$6,053

434.06%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

$517 R$2,621

808.28%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-11.90%

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

Last update for Reykjavik: October 20, 2026

Last update for Irati: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Irati

$237 30.2% 88.6% $1.8K

Groceries & Markets

Reykjavik

$619 15.4%

Irati

$147 18.8% 76.2% $472

Eating Out

Reykjavik

$532 13.2%

Irati

$103 13.2% 80.6% $429

Clothing & Footwear

Reykjavik

$294 7.3%

Irati

$110 14.1% 62.5% $184

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Irati

$89 11.4% 58.6% $127

Sport & Entertainment

Reykjavik

$141 3.5%

Irati

$40 5.1% 71.6% $101

Getting Around

Reykjavik

$139 3.5%

Irati

$57 7.2% 59.3% $83

Cost Breakdown

A one-bedroom apartment in the center runs $2,579 in Reykjavik and $355 in Irati. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 808% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $123 in Reykjavik vs $25.00 in Irati for a mid-range dinner for two. Groceries echo the gap at $619 vs $147 per month, with Irati cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Irati

🕒 Local time

00:23 12:23 AM

21:23 9:23 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

59,250

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

Exchange rates and currency converter

BRL, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 22, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Brazilian Real exchange rates as of October 22, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Irati 10,270 km ≈ 13 h nonstop flight

From you

Reykjavik
Irati

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 Irati: Cost of Living - Frequently Asked Questions

Irati wins on cost – living expenses run 413% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Irati the obvious pick if budget is a priority.

Average pay runs 808% higher in Reykjavik, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,579 in Reykjavik versus $355 in Irati. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Irati runs roughly 119% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $1,195 in Reykjavik versus $321 in Irati. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $784 in Irati versus $4,023 in Reykjavik, a $1,000 budget is realistic in Irati but tight or insufficient in Reykjavik. The gap between the two cities makes Irati the clear choice for anyone on this budget.

Both work as nomad bases, but Irati delivers better value – similar infrastructure at $784 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Irati hard to pass up.

Safety-wise, Reykjavik and Irati are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Irati gentler on the wallet – expenses run 413% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.