Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Itajubá, MG

For one person, living is cheaper in Itajubá, MG: $867 a month against $4,002 in Reykjavik, rent and utilities included – about $37,600 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
43

Cost of Living Index in Itajubá, MG
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Itajubá, MG Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Itajubá, MG

🇧🇷 Brazil

$867

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Itajubá, MG

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

Monthly costs for one person with rent: $4,002 in Reykjavik versus $867 in Itajubá, MG.

Reykjavik $4,002
Itajubá, MG $867

Estimated couple costs with rent: $5,705 in Reykjavik versus $1,285 in Itajubá, MG.

Reykjavik $5,705
Itajubá, MG $1,285

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $1,703 in Itajubá, MG.

Reykjavik $7,407
Itajubá, MG $1,703

Living in Reykjavik is roughly 362% more expensive than in Itajubá, MG, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Reykjavik is 196% above, Itajubá, MG is 36% below.

Meal at Budget Restaurant

$31.56 ISK 3,828

$4.56 R$23.13

592.11%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$24.00 R$122

409.79%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$4.38 R$22.20

513.24%

Cappuccino

$6.81 ISK 827

$1.29 R$6.53

427.91%

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

$3.39 ISK 411

$1.11 R$5.64

205.41%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.66 R$3.35

384.85%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$1.82 R$9.25

676.92%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$2.93 R$14.84

320.14%

Milk (1 liter)

$2.10 ISK 255

$0.95 R$4.80

121.05%

White Bread (500g)

$4.19 ISK 508

$1.65 R$8.38

153.94%

Rice (white) (1kg)

$3.72 ISK 451

$0.97 R$4.94

283.51%

Eggs

$7.05 ISK 856

$2.38 R$12.05

196.22%

Local Cheese (1kg)

$21.56 ISK 2,615

$10.72 R$54.3

101.12%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$3.58 R$18.16

589.39%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$7.88 R$39.97

435.41%

Apples (1kg)

$3.23 ISK 392

$2.88 R$14.59

12.15%

Banana (1kg)

$2.73 ISK 331

$1.58 R$8.03

72.78%

Oranges (1kg)

$3.17 ISK 384

$1.02 R$5.17

210.78%

Tomato (1kg)

$6.61 ISK 802

$1.87 R$9.46

253.48%

Potato (1kg)

$3.85 ISK 467

$1.08 R$5.48

256.48%

Onion (1kg)

$1.66 ISK 201

$1.03 R$5.24

61.17%

Lettuce (1 head)

$3.80 ISK 461

$0.67 R$3.38

467.16%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.71 R$3.60

146.48%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$3.05 R$15.47

349.51%

Wine (Bottle)

$24.21 ISK 2,937

$8.14 R$41.29

197.42%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.17 R$5.95

201.71%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$1.59 R$8.05

108.81%

One-way Ticket (Public Transport)

$5.75 ISK 697

$1.03 R$5.20

458.25%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$40.43 R$205

132.03%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.21 R$6.13

446.28%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.90 R$4.57

222.22%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$9.26 R$46.95

754.86%

Gasoline (1 liter)

$2.09 ISK 253

$1.13 R$5.71

84.96%

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

$51.0K ISK 6.2M

$23.7K R$120.2K

115.06%

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

$53.3K ISK 6.5M

$32.7K R$165.9K

62.76%

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

$95.3 ISK 11.6K

$133 R$675

-28.46%

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

$32.35 ISK 3,923

$12.28 R$62.3

163.44%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$18.57 R$94.1

371.41%

Gym Membership (Monthly)

$102 ISK 12.4K

$15.62 R$79.2

552.11%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$25.34 R$128

97.63%

Cinema Ticket

$19.88 ISK 2,412

$7.82 R$39.62

154.22%

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

$1,194 ISK 144.8K

$587 R$2,977

103.30%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$13.1K R$66.4K

93.87%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$42.71 R$217

248.93%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$50.0 R$254

33.19%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$73.9 R$375

143.48%

Men's Leather Business Shoes

$253 ISK 30.7K

$67.4 R$342

275.78%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$346 R$1,751

637.78%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$236 R$1,198

770.11%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$522 R$2,645

570.25%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$366 R$1,853

656.12%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$1,732 R$8,781

368.78%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,177 R$5,969

431.11%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$297 R$1,503

1442.01%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.93

-26.15%

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

Last update for Reykjavik: October 12, 2026

Last update for Itajubá, MG: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Itajubá, MG

$236 27.3% 88.5% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Itajubá, MG

$192 22.2% 69.1% $430

Eating Out

Reykjavik

$536 13.4%

Itajubá, MG

$87 10.1% 83.8% $449

Clothing & Footwear

Reykjavik

$292 7.3%

Itajubá, MG

$105 12.2% 63.9% $187

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Itajubá, MG

$164 18.9% 23.8% $51

Sport & Entertainment

Reykjavik

$142 3.5%

Itajubá, MG

$31 3.6% 77.9% $110

Getting Around

Reykjavik

$138 3.5%

Itajubá, MG

$50 5.8% 63.6% $88

Cost Breakdown

A one-bedroom apartment in the center runs $2,549 in Reykjavik and $346 in Itajubá, MG. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 1442% 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: $122 in Reykjavik vs $24.00 in Itajubá, MG for a mid-range dinner for two. Groceries echo the gap at $623 vs $192 per month, with Itajubá, MG cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Itajubá, MG

🕒 Local time

09:08 9:08 AM

06:08 6:08 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

93,073

💱 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 18, 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 18, 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

Lowest

Highest

Between locations

Reykjavik Itajubá, MG 9,840 km ≈ 13 h nonstop flight

From you

Reykjavik
Itajubá, MG

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 Itajubá, MG: Cost of Living - Frequently Asked Questions

Reykjavik and Itajubá, MG differ by about 362% in total monthly costs ($4,002 vs $867 including rent). Itajubá, MG is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 1442% 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: $2,549 in Reykjavik versus $346 in Itajubá, MG. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,194 in Reykjavik versus $587 in Itajubá, MG. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 224% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

At $867 in Itajubá, MG versus $4,002 in Reykjavik, a $2,000 budget is realistic in Itajubá, MG but tight or insufficient in Reykjavik. The gap between the two cities makes Itajubá, MG the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Reykjavik and Itajubá, MG 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 Itajubá, MG gentler on the wallet – expenses run 362% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.