Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Itapevi

For one person, living is cheaper in Itapevi: $914 a month against $4,023 in Reykjavik, rent and utilities included – about $37,300 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
44

Cost of Living Index in Itapevi
Learn more

Itapevi Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Itapevi

🇧🇷 Brazil

$914

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Itapevi

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

A single person spends $4,023 per month in Reykjavik vs $914 in Itapevi, rent included.

Reykjavik $4,023
Itapevi $914

A couple spends around $5,708 per month in Reykjavik vs $1,497 in Itapevi, rent included.

Reykjavik $5,708
Itapevi $1,497

A family of three spends $7,393 per month in Reykjavik vs $2,080 in Itapevi, rent included.

Reykjavik $7,393
Itapevi $2,080

Reykjavik costs about 340% more than Itapevi, and outside of rent the biggest gap is in groceries.

Reykjavik sits 197% above the global median, while Itapevi is 33% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.00 ISK 3,760

$6.89 R$34.92

349.93%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$40.55 R$206

203.82%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$9.13 R$46.30

198.03%

Cappuccino

$6.90 ISK 837

$2.30 R$11.64

200.00%

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

$3.30 ISK 401

$1.67 R$8.48

97.60%

Water (0.33 liter bottle)

$3.16 ISK 384

$1.16 R$5.88

172.41%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$2.75 R$13.94

403.27%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$4.38 R$22.21

184.47%

Milk (1 liter)

$2.06 ISK 250

$1.25 R$6.35

64.80%

White Bread (500g)

$4.11 ISK 498

$2.01 R$10.18

104.48%

Rice (white) (1kg)

$3.68 ISK 446

$1.20 R$6.07

206.67%

Eggs

$7.27 ISK 882

$2.81 R$14.26

158.72%

Local Cheese (1kg)

$21.79 ISK 2,643

$8.75 R$44.35

149.03%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$4.58 R$23.21

422.93%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$10.75 R$54.5

285.40%

Apples (1kg)

$3.42 ISK 414

$2.88 R$14.61

18.75%

Banana (1kg)

$2.84 ISK 344

$1.88 R$9.53

51.06%

Oranges (1kg)

$3.23 ISK 391

$1.83 R$9.29

76.50%

Tomato (1kg)

$6.46 ISK 783

$1.91 R$9.67

238.22%

Potato (1kg)

$4.05 ISK 491

$1.44 R$7.31

181.25%

Onion (1kg)

$1.66 ISK 202

$1.43 R$7.27

16.08%

Lettuce (1 head)

$3.86 ISK 468

$0.92 R$4.69

319.57%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.79 R$4.02

132.91%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.78 R$14.09

402.16%

Wine (Bottle)

$23.76 ISK 2,882

$9.07 R$46.00

161.96%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.73 R$8.76

104.62%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.11 R$10.71

63.03%

One-way Ticket (Public Transport)

$5.81 ISK 705

$1.05 R$5.30

453.33%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$44.08 R$223

116.27%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.33 R$6.76

405.26%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$1.42 R$7.18

97.89%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$9.48 R$48.05

758.02%

Gasoline (1 liter)

$2.12 ISK 257

$1.26 R$6.40

68.25%

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

$68.9K ISK 8.4M

$24.1K R$122.0K

186.38%

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

$55.8K ISK 6.8M

$33.4K R$169.6K

66.81%

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

$95.8 ISK 11.6K

$43.36 R$220

120.96%

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

$33.11 ISK 4,016

$14.49 R$73.4

128.50%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$18.50 R$93.8

371.08%

Gym Membership (Monthly)

$101 ISK 12.3K

$25.75 R$131

292.54%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$27.38 R$139

85.32%

Cinema Ticket

$19.85 ISK 2,407

$7.93 R$40.21

150.32%

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

$1,195 ISK 144.9K

$433 R$2,197

175.71%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$7,739 R$39.2K

238.85%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$56.7 R$287

161.48%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$58.8 R$298

13.52%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$94.7 R$480

97.11%

Men's Leather Business Shoes

$253 ISK 30.6K

$86.6 R$439

191.82%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$363 R$1,838

611.35%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$238 R$1,209

772.63%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$683 R$3,463

405.66%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$463 R$2,349

493.97%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,723 R$8,735

360.38%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,197 R$6,067

432.86%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.12

-20.77%

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

Last update for Reykjavik: October 20, 2026

Last update for Itapevi: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Itapevi

$238 26.1% 88.5% $1.8K

Groceries & Markets

Reykjavik

$619 15.4%

Itapevi

$224 24.5% 63.8% $395

Eating Out

Reykjavik

$532 13.2%

Itapevi

$144 15.7% 73% $389

Clothing & Footwear

Reykjavik

$294 7.3%

Itapevi

$134 14.6% 54.6% $161

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Itapevi

$76 8.4% 64.7% $140

Sport & Entertainment

Reykjavik

$141 3.5%

Itapevi

$42 4.6% 70.4% $99

Getting Around

Reykjavik

$139 3.5%

Itapevi

$57 6.2% 59.3% $83

Cost Breakdown

A central one-bedroom costs $2,579 in Reykjavik versus $363 in Itapevi. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $123 in Reykjavik versus $41.00 in Itapevi. Monthly groceries follow the same trend: $619 vs $224 – making Itapevi the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇧🇷 Itapevi

🕒 Local time

08:05 8:05 AM

05:05 5:05 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

232,297

💱 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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Highest

Between locations

Reykjavik Itapevi 9,990 km ≈ 13 h nonstop flight

From you

Reykjavik
Itapevi

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 Itapevi: Cost of Living - Frequently Asked Questions

Reykjavik costs about 340% more than Itapevi, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,034 per month in Reykjavik and $1,372 in Itapevi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Itapevi, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 116% less in Itapevi. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $1,195 per month in Reykjavik and $433 in Itapevi. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Itapevi, where all-in costs run around $914, than in Reykjavik at $4,023. In Itapevi it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Itapevi costs $914 versus $4,023 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Itapevi. If higher salaries, better infrastructure, or specific career opportunities are the priority, Reykjavik makes more sense. Both are solid long-term options with distinct trade-offs.