Cost of Living Comparison Between Reykjavik and Kopavogur Cost of Living Comparison Between Reykjavik and Kopavogur

🙂 Solo nomad: Reykjavik is 4.4% cheaper than Kopavogur without rent, and 124.8% more expensive with rent.

😐 Family of 3: Reykjavik is 18.6% more expensive than Kopavogur without rent, and 76.2% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$27.01 ISK 3,402

-1.15%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$95.2 ISK 12.0K

52.05%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$22.81 ISK 2,873

-1.84%

Cappuccino

$6.06 ISK 764

$5.99 ISK 755

1.17%

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

$3.28 ISK 414

$2.07 ISK 260

58.45%

Water (0.33 liter bottle)

$2.62 ISK 330

$2.61 ISK 329

0.38%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$10.39 ISK 1,309

25.31%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$11.12 ISK 1,401

1.44%

Milk (1 liter)

$1.87 ISK 235

$1.71 ISK 215

9.36%

White Bread (500g)

$4.32 ISK 544

$4.30 ISK 542

0.47%

Rice (white) (1kg)

$3.71 ISK 468

$3.74 ISK 471

-0.80%

Eggs

$6.52 ISK 821

$6.23 ISK 785

4.65%

Local Cheese (1kg)

$18.16 ISK 2,288

$17.88 ISK 2,253

1.57%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$24.24 ISK 3,053

-1.69%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$42.31 ISK 5,329

1.23%

Apples (1kg)

$3.37 ISK 424

$3.25 ISK 409

3.69%

Banana (1kg)

$2.50 ISK 315

$2.54 ISK 319

-1.57%

Oranges (1kg)

$3.03 ISK 382

$2.97 ISK 375

2.02%

Tomato (1kg)

$4.98 ISK 627

$4.86 ISK 613

2.47%

Potato (1kg)

$3.66 ISK 461

$3.52 ISK 443

3.98%

Onion (1kg)

$2.40 ISK 302

$2.37 ISK 298

1.27%

Lettuce (1 head)

$3.06 ISK 386

$3.17 ISK 399

-3.47%

Water (1.5 liter bottle)

$2.01 ISK 253

$1.99 ISK 251

1.01%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$13.54 ISK 1,706

2.07%

Wine (Bottle)

$23.58 ISK 2,971

$23.57 ISK 2,970

0.04%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$3.61 ISK 455

-1.66%

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$3.38 ISK 425

-4.14%

One-way Ticket (Public Transport)

$5.19 ISK 654

$4.35 ISK 547

19.31%

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

$73.6 ISK 9,274

19.08%

Taxi Start (Normal Tariff)

$6.18 ISK 778

$5.71 ISK 719

8.23%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$2.65 ISK 334

-0.38%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$87.0 ISK 11.0K

0.37%

Gasoline (1 liter)

$2.56 ISK 322

$2.44 ISK 307

4.92%

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

$48.0K ISK 6.0M

$47.5K ISK 6.0M

0.99%

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

$52.5K ISK 6.6M

$52.7K ISK 6.6M

-0.50%

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

$88.6 ISK 11.2K

$89.4 ISK 11.3K

-0.83%

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

$27.96 ISK 3,522

$26.93 ISK 3,392

3.82%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$86.0 ISK 10.8K

-1.59%

Gym Membership (Monthly)

$81.7 ISK 10.3K

$69.4 ISK 8,747

17.61%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.53 ISK 2,208

$16.39 ISK 2,065

6.96%

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

$316 ISK 39.7K

$318 ISK 40.1K

-0.91%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$30.5K ISK 3.8M

-1.38%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$140 ISK 17.7K

-0.61%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$52.1 ISK 6,560

19.85%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$160 ISK 20.2K

13.43%

Men's Leather Business Shoes

$264 ISK 33.2K

$269 ISK 33.9K

-1.93%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

$5,943 ISK 748.6K

26.89%

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

$5,918 ISK 745.5K

5.71%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$5,169 ISK 651.2K

-13.16%

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 Kopavogur: January 13, 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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