Cost of Living Comparison Between Reykjavik and Keflavik Cost of Living Comparison Between Reykjavik and Keflavik

😐 Solo nomad: Reykjavik is 9.5% more expensive than Keflavik without rent, and 31.7% more expensive with rent.

😐 Family of 3: Reykjavik is 28.8% more expensive than Keflavik without rent, and 20.3% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,406

$24.37 ISK 3,049

11.69%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$143 ISK 17.9K

1.25%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

$20.19 ISK 2,527

11.00%

Cappuccino

$5.94 ISK 744

$3.99 ISK 499

48.87%

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

$3.26 ISK 408

$3.20 ISK 400

1.87%

Water (0.33 liter bottle)

$2.54 ISK 318

$2.51 ISK 314

1.20%

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

$8.22 ISK 1,029

56.08%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

$7.89 ISK 987

45.25%

Milk (1 liter)

$1.88 ISK 236

$1.96 ISK 246

-4.08%

White Bread (500g)

$4.33 ISK 542

$4.31 ISK 539

0.46%

Rice (white) (1kg)

$3.57 ISK 447

$2.36 ISK 295

51.27%

Eggs

$6.56 ISK 821

$6.21 ISK 777

5.64%

Local Cheese (1kg)

$18.18 ISK 2,275

$17.93 ISK 2,244

1.39%

Chicken Fillets (1kg)

$24.52 ISK 3,069

$23.44 ISK 2,933

4.61%

Beef Round Steak (1kg)

$42.03 ISK 5,260

$43.07 ISK 5,390

-2.41%

Apples (1kg)

$3.20 ISK 400

$2.39 ISK 299

33.89%

Banana (1kg)

$2.42 ISK 303

$2.40 ISK 300

0.83%

Oranges (1kg)

$3.06 ISK 383

$2.46 ISK 307

24.39%

Tomato (1kg)

$4.86 ISK 609

$4.06 ISK 508

19.70%

Potato (1kg)

$3.66 ISK 458

$3.18 ISK 397

15.09%

Onion (1kg)

$2.34 ISK 293

$2.04 ISK 255

14.71%

Lettuce (1 head)

$3.14 ISK 393

$3.13 ISK 391

0.32%

Water (1.5 liter bottle)

$2.02 ISK 253

$1.92 ISK 241

5.21%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

$13.59 ISK 1,701

2.35%

Wine (Bottle)

$23.74 ISK 2,971

$16.49 ISK 2,063

43.97%

Local Beer (0.5 liter bottle)

$3.69 ISK 462

$3.75 ISK 470

-1.60%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

$2.74 ISK 343

17.88%

One-way Ticket (Public Transport)

$5.29 ISK 662

$3.56 ISK 446

48.60%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

$74.1 ISK 9,271

19.06%

Taxi Start (Normal Tariff)

$6.54 ISK 818

$6.27 ISK 784

4.31%

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

$2.29 ISK 286

13.54%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

$86.6 ISK 10.8K

-0.97%

Gasoline (1 liter)

$2.51 ISK 315

$2.43 ISK 304

3.29%

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

$47.1K ISK 5.9M

$47.6K ISK 6.0M

-1.01%

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

$52.6K ISK 6.6M

$53.0K ISK 6.6M

-0.82%

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

$89.2 ISK 11.2K

$88.8 ISK 11.1K

0.39%

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

$27.07 ISK 3,387

$27.97 ISK 3,500

-3.22%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

$85.5 ISK 10.7K

-1.56%

Gym Membership (Monthly)

$84.0 ISK 10.5K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.42 ISK 2,180

$17.26 ISK 2,160

0.93%

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

$324 ISK 40.5K

$323 ISK 40.5K

0.07%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$30.4K ISK 3.8M

0.23%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

$139 ISK 17.4K

1.57%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,837

$61.3 ISK 7,673

2.14%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$180 ISK 22.6K

1.60%

Men's Leather Business Shoes

$268 ISK 33.5K

$191 ISK 23.9K

40.16%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

$1,866 ISK 233.5K

17.72%

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

$1,319 ISK 165.1K

55.65%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.3K

$2,415 ISK 302.2K

30.79%

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

$2,043 ISK 255.7K

33.54%

Buy Apartment in City Center (m2)

$7,833 ISK 980.2K

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

Average Monthly Net Salary (After Tax)

$4,471 ISK 559.5K

$3,742 ISK 468.3K

19.48%

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: March 3, 2026

Last update for Keflavik: March 2, 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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