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

😐 Solo nomad: Reykjavik is 7.6% more expensive than Kopavogur without rent, and 117.5% more expensive with rent.

😐 Family of 3: Reykjavik is 15.1% more expensive than Kopavogur without rent, and 74.4% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,406

$27.11 ISK 3,393

0.41%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$96.0 ISK 12.0K

50.78%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

$22.84 ISK 2,858

-1.88%

Cappuccino

$5.94 ISK 744

$5.95 ISK 744

-0.17%

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

$3.26 ISK 408

$2.02 ISK 253

61.39%

Water (0.33 liter bottle)

$2.54 ISK 318

$2.61 ISK 327

-2.68%

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

$10.43 ISK 1,306

23.01%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

$11.05 ISK 1,383

3.71%

Milk (1 liter)

$1.88 ISK 236

$1.67 ISK 209

12.57%

White Bread (500g)

$4.33 ISK 542

$4.19 ISK 525

3.34%

Rice (white) (1kg)

$3.57 ISK 447

$3.71 ISK 465

-3.77%

Eggs

$6.56 ISK 821

$6.46 ISK 808

1.55%

Local Cheese (1kg)

$18.18 ISK 2,275

$18.42 ISK 2,305

-1.30%

Chicken Fillets (1kg)

$24.52 ISK 3,069

$23.60 ISK 2,954

3.90%

Beef Round Steak (1kg)

$42.03 ISK 5,260

$42.97 ISK 5,377

-2.19%

Apples (1kg)

$3.20 ISK 400

$3.19 ISK 399

0.31%

Banana (1kg)

$2.42 ISK 303

$2.52 ISK 315

-3.97%

Oranges (1kg)

$3.06 ISK 383

$3.08 ISK 385

-0.65%

Tomato (1kg)

$4.86 ISK 609

$5.08 ISK 635

-4.33%

Potato (1kg)

$3.66 ISK 458

$3.58 ISK 448

2.23%

Onion (1kg)

$2.34 ISK 293

$2.32 ISK 290

0.86%

Lettuce (1 head)

$3.14 ISK 393

$3.20 ISK 400

-1.88%

Water (1.5 liter bottle)

$2.02 ISK 253

$1.95 ISK 244

3.59%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

$13.55 ISK 1,696

2.66%

Wine (Bottle)

$23.74 ISK 2,971

$23.59 ISK 2,952

0.64%

Local Beer (0.5 liter bottle)

$3.69 ISK 462

$3.70 ISK 463

-0.27%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

$3.21 ISK 402

0.62%

One-way Ticket (Public Transport)

$5.29 ISK 662

$4.48 ISK 560

18.08%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

$72.9 ISK 9,120

21.03%

Taxi Start (Normal Tariff)

$6.54 ISK 818

$5.80 ISK 726

12.76%

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

$2.54 ISK 318

2.36%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

$87.8 ISK 11.0K

-2.23%

Gasoline (1 liter)

$2.51 ISK 315

$2.45 ISK 307

2.45%

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

$47.1K ISK 5.9M

$46.5K ISK 5.8M

1.44%

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

$52.6K ISK 6.6M

$53.0K ISK 6.6M

-0.78%

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

$89.2 ISK 11.2K

$89.3 ISK 11.2K

-0.16%

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

$27.07 ISK 3,387

$27.91 ISK 3,493

-3.01%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

$86.6 ISK 10.8K

-2.81%

Gym Membership (Monthly)

$84.0 ISK 10.5K

$69.0 ISK 8,632

21.72%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.42 ISK 2,180

$16.79 ISK 2,101

3.75%

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

$324 ISK 40.5K

$317 ISK 39.7K

2.04%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$30.4K ISK 3.8M

0.08%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

$139 ISK 17.4K

1.73%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,837

$52.9 ISK 6,619

18.42%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$161 ISK 20.2K

13.73%

Men's Leather Business Shoes

$268 ISK 33.5K

$267 ISK 33.5K

0.24%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

Buy Apartment in City Center (m2)

$7,833 ISK 980.2K

$6,096 ISK 762.9K

28.49%

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

$5,945 ISK 744.0K

5.43%

Average Monthly Net Salary (After Tax)

$4,471 ISK 559.5K

$5,310 ISK 664.5K

-15.81%

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 Kopavogur: 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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