Last update: Nov 2026

Cost of Living Comparison Between Reykjavik and Kirkjubaejarklaustur

For one person, living is cheaper in Kirkjubaejarklaustur: $1,717 a month against $4,031 in Reykjavik, rent and utilities included – about $27,800 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
82

Cost of Living Index in Kirkjubaejarklaustur
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Kirkjubaejarklaustur Living Index

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Reykjavik

🇮🇸 Iceland

$4,031

/mo nomad

Kirkjubaejarklaustur

🇮🇸 Iceland

$1,717

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Kirkjubaejarklaustur

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

A single person spends $4,031 per month in Reykjavik vs $1,717 in Kirkjubaejarklaustur, rent included.

Reykjavik $4,031
Kirkjubaejarklaustur $1,717

A couple spends around $5,731 per month in Reykjavik vs $2,922 in Kirkjubaejarklaustur, rent included.

Reykjavik $5,731
Kirkjubaejarklaustur $2,922

A family of three spends $7,431 per month in Reykjavik vs $4,127 in Kirkjubaejarklaustur, rent included.

Reykjavik $7,431
Kirkjubaejarklaustur $4,127

Reykjavik costs about 135% more than Kirkjubaejarklaustur, and outside of rent the biggest gap is in transport.

Both Reykjavik and Kirkjubaejarklaustur sit above the global median – Reykjavik by 198%, Kirkjubaejarklaustur by 27%.

Meal at Budget Restaurant

$30.60 ISK 3,718

$30.77 ISK 3,739

-0.55%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

$124 ISK 15.0K

-1.14%

Fast Food Meal (McDonalds, etc)

$27.27 ISK 3,313

$27.09 ISK 3,291

0.66%

Cappuccino

$6.90 ISK 838

$6.62 ISK 804

4.23%

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

$3.39 ISK 412

$3.40 ISK 413

-0.29%

Water (0.33 liter bottle)

$3.18 ISK 387

Local Beer (0.5 liter draught)

$14.10 ISK 1,713

$14.10 ISK 1,714

Imported Beer (0.33 liter bottle)

$12.44 ISK 1,511

$12.08 ISK 1,467

2.98%

Milk (1 liter)

$2.05 ISK 249

$2.08 ISK 253

-1.44%

White Bread (500g)

$4.36 ISK 529

$4.24 ISK 516

2.83%

Rice (white) (1kg)

$3.62 ISK 440

$3.72 ISK 452

-2.69%

Eggs

$7.06 ISK 857

$7.03 ISK 854

0.43%

Local Cheese (1kg)

$21.58 ISK 2,622

$22.26 ISK 2,705

-3.05%

Chicken Fillets (1kg)

$24.14 ISK 2,933

$23.92 ISK 2,906

0.92%

Beef Round Steak (1kg)

$41.47 ISK 5,039

$41.51 ISK 5,044

-0.10%

Apples (1kg)

$3.06 ISK 371

$3.40 ISK 413

-10.00%

Banana (1kg)

$2.81 ISK 342

$2.73 ISK 332

2.93%

Oranges (1kg)

$3.15 ISK 383

$3.17 ISK 385

-0.63%

Tomato (1kg)

$6.41 ISK 779

$6.32 ISK 768

1.42%

Potato (1kg)

$3.98 ISK 484

$3.83 ISK 465

3.92%

Onion (1kg)

$1.65 ISK 200

$1.69 ISK 205

-2.37%

Lettuce (1 head)

$3.73 ISK 453

$3.65 ISK 443

2.19%

Water (1.5 liter bottle)

$1.75 ISK 213

$1.80 ISK 219

-2.78%

Cigarettes 20 Pack (Marlboro, Camel)

$13.94 ISK 1,694

$13.77 ISK 1,673

1.23%

Wine (Bottle)

$23.99 ISK 2,915

$24.12 ISK 2,930

-0.54%

Local Beer (0.5 liter bottle)

$3.67 ISK 446

$3.64 ISK 443

0.82%

Imported Beer (0.33 liter bottle)

$3.46 ISK 421

$3.33 ISK 404

3.90%

One-way Ticket (Public Transport)

$5.75 ISK 699

Public Transport Monthly Pass (Regular Price)

$95.5 ISK 11.6K

Taxi Start (Normal Tariff)

$7.15 ISK 868

$6.86 ISK 834

4.23%

Taxi (Normal Tariff) (1km)

$3.69 ISK 448

$2.84 ISK 345

29.93%

Taxi 1hour Waiting (Normal Tariff)

$97.7 ISK 11.9K

$80.3 ISK 9,759

21.66%

Gasoline (1 liter)

$2.00 ISK 243

$2.08 ISK 253

-3.85%

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

$68.0K ISK 8.3M

$69.9K ISK 8.5M

-2.70%

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

$55.8K ISK 6.8M

$55.2K ISK 6.7M

1.08%

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

$96.9 ISK 11.8K

$96.0 ISK 11.7K

0.87%

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

$32.89 ISK 3,996

$32.99 ISK 4,009

-0.30%

Internet (50+ Mbps, Unlimited Data)

$89.6 ISK 10.9K

$87.6 ISK 10.6K

2.21%

Gym Membership (Monthly)

$99.0 ISK 12.0K

Tennis Court (1 Hour on Weekend)

$51.0 ISK 6,191

Cinema Ticket

$19.75 ISK 2,400

$19.60 ISK 2,381

0.77%

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

$1,203 ISK 146.2K

$1,177 ISK 143.0K

2.21%

International Primary School, 1 Child (Yearly)

$18.6K ISK 2.3M

$25.7K ISK 3.1M

-27.54%

Jeans (Levis 501 Or Similar)

$151 ISK 18.3K

$152 ISK 18.5K

-0.95%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,880

$65.0 ISK 7,897

-0.22%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$184 ISK 22.3K

-0.32%

Men's Leather Business Shoes

$255 ISK 31.0K

$250 ISK 30.4K

1.84%

1-bedroom Apartment, City Center (Monthly)

$2,615 ISK 317.7K

1-bedroom Apartment, Outside City Center (Monthly)

$2,086 ISK 253.4K

3-bedroom Apartment, City Center (Monthly)

$3,535 ISK 429.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,796 ISK 339.7K

Buy Apartment in City Center (m2)

$8,182 ISK 994.1K

Buy Apartment Outside City Center (m2)

$6,284 ISK 763.5K

Average Monthly Net Salary (After Tax)

$4,790 ISK 581.9K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Reykjavik: November 1, 2026

Last update for Kirkjubaejarklaustur: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Kirkjubaejarklaustur

- * 0% 100%

Groceries & Markets

Reykjavik

$618 15.3%

Kirkjubaejarklaustur

$619 36% 0.2% $1.1

Eating Out

Reykjavik

$531 13.2%

Kirkjubaejarklaustur

$528 30.8% 0.6% $3.1

Clothing & Footwear

Reykjavik

$294 7.3%

Kirkjubaejarklaustur

$293 17.1% 0.4% $1.1

Monthly Utilities & Internet

Reykjavik

$219 5.4%

Kirkjubaejarklaustur

$217 12.6% 1.2% $2.7

Getting Around

Reykjavik

$144 3.6%

Kirkjubaejarklaustur

$21 * 1.2% 85.4% $123

Sport & Entertainment

Reykjavik

$138 3.4%

Kirkjubaejarklaustur

$39 * 2.3% 71.7% $99

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $122 in Reykjavik versus $124 in Kirkjubaejarklaustur. Monthly groceries follow the same trend: $618 vs $619 – making Reykjavik the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇮🇸 Kirkjubaejarklaustur

🕒 Local time

10:56 10:56 AM

Same time as Reykjavik

🌤 Weather

👥 Population

136,894 Capital

500

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.34 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.34 EUR

Exchange rates and currency converter

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Reykjavik Kirkjubaejarklaustur 190 km

From you

Reykjavik
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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 Kirkjubaejarklaustur: Cost of Living - Frequently Asked Questions

Yes – Reykjavik is pricier by about 135%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $6,046 per month in Reykjavik and $2,576 in Kirkjubaejarklaustur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $4,031 in Reykjavik and $1,717 in Kirkjubaejarklaustur. That makes Kirkjubaejarklaustur about 57% cheaper.

Kindergarten costs $1,203 per month in Reykjavik and $1,177 in Kirkjubaejarklaustur. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Kirkjubaejarklaustur, where all-in costs run around $1,717, than in Reykjavik at $4,031. In Kirkjubaejarklaustur it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $1,717 in Kirkjubaejarklaustur to $4,031 in Reykjavik. Climate, culture, job market, and personal taste all factor in.