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

😐 Solo nomad: Reykjavik is 9.2% more expensive than Keflavik without rent, and 35.1% more expensive with rent.

😐 Family of 3: Reykjavik is 4.5% more expensive than Keflavik without rent, and 23.2% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$23.80 ISK 2,998

12.18%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$143 ISK 18.0K

1.01%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$20.37 ISK 2,565

9.92%

Cappuccino

$6.06 ISK 764

$4.11 ISK 518

47.45%

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

$3.28 ISK 414

$3.26 ISK 411

0.61%

Water (0.33 liter bottle)

$2.62 ISK 330

$2.55 ISK 321

2.75%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$7.82 ISK 986

66.50%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$8.01 ISK 1,010

40.82%

Milk (1 liter)

$1.87 ISK 235

$1.97 ISK 248

-5.08%

White Bread (500g)

$4.32 ISK 544

$4.35 ISK 548

-0.69%

Rice (white) (1kg)

$3.71 ISK 468

$2.39 ISK 301

55.23%

Eggs

$6.52 ISK 821

$6.34 ISK 799

2.84%

Local Cheese (1kg)

$18.16 ISK 2,288

$17.88 ISK 2,253

1.57%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$24.13 ISK 3,040

-1.24%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$41.80 ISK 5,266

2.46%

Apples (1kg)

$3.37 ISK 424

$2.46 ISK 310

36.99%

Banana (1kg)

$2.50 ISK 315

$2.39 ISK 301

4.60%

Oranges (1kg)

$3.03 ISK 382

$2.48 ISK 312

22.18%

Tomato (1kg)

$4.98 ISK 627

$3.94 ISK 497

26.40%

Potato (1kg)

$3.66 ISK 461

$3.07 ISK 386

19.22%

Onion (1kg)

$2.40 ISK 302

$2.12 ISK 267

13.21%

Lettuce (1 head)

$3.06 ISK 386

$3.19 ISK 401

-4.08%

Water (1.5 liter bottle)

$2.01 ISK 253

$1.95 ISK 245

3.08%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$13.57 ISK 1,709

1.84%

Wine (Bottle)

$23.58 ISK 2,971

$15.59 ISK 1,964

51.25%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$3.55 ISK 448

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$2.85 ISK 359

13.68%

One-way Ticket (Public Transport)

$5.19 ISK 654

$3.52 ISK 443

47.44%

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

$75.1 ISK 9,462

16.72%

Taxi Start (Normal Tariff)

$6.18 ISK 778

$6.28 ISK 791

-1.59%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$2.29 ISK 288

15.28%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$86.9 ISK 10.9K

0.40%

Gasoline (1 liter)

$2.56 ISK 322

$2.45 ISK 309

4.49%

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

$48.0K ISK 6.0M

$46.8K ISK 5.9M

2.56%

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

$52.5K ISK 6.6M

-0.13%

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

$88.6 ISK 11.2K

$87.4 ISK 11.0K

1.48%

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

$27.96 ISK 3,522

$27.11 ISK 3,415

3.14%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$86.0 ISK 10.8K

-1.49%

Gym Membership (Monthly)

$81.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.53 ISK 2,208

$17.32 ISK 2,181

1.21%

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

$316 ISK 39.7K

$326 ISK 41.1K

-3.21%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$30.4K ISK 3.8M

-0.80%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$141 ISK 17.8K

-1.24%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$62.6 ISK 7,882

-0.24%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$185 ISK 23.3K

-1.49%

Men's Leather Business Shoes

$264 ISK 33.2K

$188 ISK 23.7K

39.93%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

$1,870 ISK 235.6K

18.99%

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$1,302 ISK 164.1K

57.20%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

$2,438 ISK 307.1K

29.39%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$2,042 ISK 257.2K

31.77%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$3,649 ISK 459.7K

23.01%

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: January 10, 2026

Last update for Keflavik: January 11, 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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