Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Libertad

For one person, living is cheaper in Libertad: $1,074 a month against $4,023 in Reykjavik, rent and utilities included – about $35,400 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
52

Cost of Living Index in Libertad
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Libertad Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Libertad

🇺🇾 Uruguay

$1,074

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Libertad

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

Monthly costs for one person with rent: $4,023 in Reykjavik versus $1,074 in Libertad.

Reykjavik $4,023
Libertad $1,074

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,735 in Libertad.

Reykjavik $5,708
Libertad $1,735

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $2,396 in Libertad.

Reykjavik $7,393
Libertad $2,396

Living in Reykjavik is roughly 275% more expensive than in Libertad, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 197% above, Libertad is 21% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$14.93 UYU 599

107.64%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$68.4 UYU 2,746

80.09%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$14.39 UYU 578

89.09%

Cappuccino

$6.90 ISK 837

$4.67 UYU 187

47.75%

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

$3.30 ISK 401

$2.74 UYU 110

20.44%

Water (0.33 liter bottle)

$3.16 ISK 384

$2.03 UYU 81.3

55.67%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$4.99 UYU 200

177.35%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$3.70 UYU 148

236.76%

Milk (1 liter)

$2.06 ISK 250

$1.34 UYU 53.7

53.73%

White Bread (500g)

$4.11 ISK 498

$2.86 UYU 115

43.71%

Rice (white) (1kg)

$3.68 ISK 446

$1.70 UYU 68.2

116.47%

Eggs

$7.27 ISK 882

$4.67 UYU 187

55.67%

Local Cheese (1kg)

$21.79 ISK 2,643

$13.88 UYU 557

56.99%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$11.99 UYU 481

99.75%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$11.88 UYU 477

248.74%

Apples (1kg)

$3.42 ISK 414

$2.78 UYU 112

23.02%

Banana (1kg)

$2.84 ISK 344

$2.83 UYU 113

0.35%

Oranges (1kg)

$3.23 ISK 391

$1.71 UYU 68.7

88.89%

Tomato (1kg)

$6.46 ISK 783

$3.22 UYU 129

100.62%

Potato (1kg)

$4.05 ISK 491

$2.02 UYU 80.9

100.50%

Onion (1kg)

$1.66 ISK 202

$2.08 UYU 83.3

-20.19%

Lettuce (1 head)

$3.86 ISK 468

$1.38 UYU 55.4

179.71%

Water (1.5 liter bottle)

$1.84 ISK 223

$1.94 UYU 77.9

-5.15%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$5.64 UYU 226

147.52%

Wine (Bottle)

$23.76 ISK 2,882

$8.84 UYU 355

168.78%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$2.24 UYU 89.9

58.04%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.73 UYU 110

26.01%

One-way Ticket (Public Transport)

$5.81 ISK 705

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.89 UYU 75.9

255.56%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$0.40 UYU 16.15

602.50%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$10.65 UYU 427

663.76%

Gasoline (1 liter)

$2.12 ISK 257

$2.12 UYU 85.2

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

$68.9K ISK 8.4M

$26.7K UYU 1.1M

158.59%

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

$55.8K ISK 6.8M

$36.9K UYU 1.5M

51.18%

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

$95.8 ISK 11.6K

$193 UYU 7,748

-50.37%

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

$33.11 ISK 4,016

$20.77 UYU 834

59.41%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$44.35 UYU 1,780

96.51%

Gym Membership (Monthly)

$101 ISK 12.3K

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

Cinema Ticket

$19.85 ISK 2,407

$12.17 UYU 488

63.11%

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

$1,195 ISK 144.9K

$621 UYU 24.9K

92.37%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$10.8K UYU 435.3K

141.80%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$102 UYU 4,104

44.98%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$57.3 UYU 2,298

16.57%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$124 UYU 4,977

50.44%

Men's Leather Business Shoes

$253 ISK 30.6K

$129 UYU 5,181

95.72%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

5.74

53.48%

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

Last update for Reykjavik: October 20, 2026

Last update for Libertad: October 20, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Libertad

- * 0% 100%

Groceries & Markets

Reykjavik

$619 15.4%

Libertad

$332 30.9% 46.4% $287

Eating Out

Reykjavik

$532 13.2%

Libertad

$270 25.1% 49.3% $262

Clothing & Footwear

Reykjavik

$294 7.3%

Libertad

$186 17.3% 36.9% $109

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Libertad

$258 24% 19.5% $42

Sport & Entertainment

Reykjavik

$141 3.5%

Libertad

$24 * 2.3% 82.7% $116

Getting Around

Reykjavik

$139 3.5%

Libertad

$3.9 * 0.4% 97.2% $135

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

Cost Breakdown

Dining out: $123 in Reykjavik vs $68.0 in Libertad for a mid-range dinner for two. Groceries echo the gap at $619 vs $332 per month, with Libertad cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇺🇾 Libertad

🕒 Local time

15:34 3:34 PM

12:34 12:34 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

10,166

💱 Currency

Icelandic Króna ISK kr

Uruguayan Peso UYU $U

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

Exchange rates and currency converter

UYU, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 20, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Uruguayan Peso exchange rates as of October 20, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.12 UYU (100 UYU = 2.22 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Libertad 11,400 km ≈ 15 h nonstop flight

From you

Reykjavik
Libertad

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 Libertad: Cost of Living - Frequently Asked Questions

Reykjavik and Libertad differ by about 275% in total monthly costs ($4,023 vs $1,074 including rent). Libertad is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $6,034 in Reykjavik and $1,611 in Libertad to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Supermarket bills run roughly 87% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $4,023 per month in Reykjavik versus $1,074 in Libertad – a 275% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,074 in Libertad versus $4,023 in Reykjavik, a $2,000 budget is realistic in Libertad but tight or insufficient in Reykjavik. The gap between the two cities makes Libertad the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Reykjavik and Libertad are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Libertad gentler on the wallet – expenses run 275% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.