Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Lomas de Zamora

For one person, living is cheaper in Lomas de Zamora: $1,223 a month against $4,002 in Reykjavik, rent and utilities included – about $33,300 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
59

Cost of Living Index in Lomas de Zamora
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Lomas de Zamora Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Lomas de Zamora

🇦🇷 Argentina

$1,223

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Lomas de Zamora

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 Lomas de Zamora actually costs, broken down by who's living it.

Monthly costs for one person with rent: $4,002 in Reykjavik versus $1,223 in Lomas de Zamora.

Reykjavik $4,002
Lomas de Zamora $1,223

Estimated couple costs with rent: $5,705 in Reykjavik versus $2,079 in Lomas de Zamora.

Reykjavik $5,705
Lomas de Zamora $2,079

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $2,935 in Lomas de Zamora.

Reykjavik $7,407
Lomas de Zamora $2,935

Living in Reykjavik is roughly 227% more expensive than in Lomas de Zamora, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 196% above, Lomas de Zamora is 9% below.

Meal at Budget Restaurant

$31.56 ISK 3,828

$10.03 ARS 15.2K

214.66%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$53.9 ARS 81.8K

126.91%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$11.58 ARS 17.6K

131.95%

Cappuccino

$6.81 ISK 827

$3.41 ARS 5,175

99.71%

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

$3.39 ISK 411

$1.96 ARS 2,978

72.96%

Water (0.33 liter bottle)

$3.20 ISK 388

$1.70 ARS 2,572

88.24%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$3.94 ARS 5,976

258.88%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$4.66 ARS 7,070

164.16%

Milk (1 liter)

$2.10 ISK 255

$1.31 ARS 1,990

60.31%

White Bread (500g)

$4.19 ISK 508

$2.04 ARS 3,102

105.39%

Rice (white) (1kg)

$3.72 ISK 451

$1.57 ARS 2,385

136.94%

Eggs

$7.05 ISK 856

$2.74 ARS 4,153

157.30%

Local Cheese (1kg)

$21.56 ISK 2,615

$10.51 ARS 15.9K

105.14%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$10.32 ARS 15.7K

139.15%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$13.26 ARS 20.1K

218.17%

Apples (1kg)

$3.23 ISK 392

$2.71 ARS 4,119

19.19%

Banana (1kg)

$2.73 ISK 331

$1.95 ARS 2,955

40.00%

Oranges (1kg)

$3.17 ISK 384

$1.36 ARS 2,068

133.09%

Tomato (1kg)

$6.61 ISK 802

$1.99 ARS 3,019

232.16%

Potato (1kg)

$3.85 ISK 467

$1.20 ARS 1,821

220.83%

Onion (1kg)

$1.66 ISK 201

$1.26 ARS 1,905

31.75%

Lettuce (1 head)

$3.80 ISK 461

$1.36 ARS 2,070

179.41%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.72 ARS 2,614

1.74%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$3.29 ARS 4,985

316.72%

Wine (Bottle)

$24.21 ISK 2,937

$5.46 ARS 8,286

343.41%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.70 ARS 2,584

107.65%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.65 ARS 4,017

25.28%

One-way Ticket (Public Transport)

$5.75 ISK 697

$1.04 ARS 1,575

452.88%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$26.87 ARS 40.8K

249.13%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.61 ARS 2,445

310.56%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.01 ARS 1,535

187.13%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$8.00 ARS 12.1K

889.50%

Gasoline (1 liter)

$2.09 ISK 253

$1.38 ARS 2,090

51.45%

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

$51.0K ISK 6.2M

$16.8K ARS 25.5M

203.91%

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

$53.3K ISK 6.5M

$30.0K ARS 45.6M

77.31%

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

$95.3 ISK 11.6K

$98.1 ARS 148.9K

-2.90%

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

$32.35 ISK 3,923

$19.99 ARS 30.3K

61.83%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$27.23 ARS 41.3K

221.48%

Gym Membership (Monthly)

$102 ISK 12.4K

$30.84 ARS 46.8K

230.29%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$32.78 ARS 49.7K

52.78%

Cinema Ticket

$19.88 ISK 2,412

$7.93 ARS 12.0K

150.69%

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

$1,194 ISK 144.8K

$400 ARS 606.4K

198.80%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$7,354 ARS 11.2M

245.53%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$122 ARS 185.0K

22.27%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$96.0 ARS 145.6K

-30.57%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$117 ARS 178.1K

53.23%

Men's Leather Business Shoes

$253 ISK 30.7K

$102 ARS 154.3K

149.08%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$517 ARS 784.9K

392.80%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$325 ARS 493.8K

531.81%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$975 ARS 1.5M

258.63%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$837 ARS 1.3M

230.32%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$2,953 ARS 4.5M

174.97%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,507 ARS 2.3M

315.05%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$761 ARS 1.2M

500.76%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

57.25

-84.61%

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

Last update for Reykjavik: October 12, 2026

Last update for Lomas de Zamora: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Lomas de Zamora

$325 26.6% 84.2% $1.7K

Groceries & Markets

Reykjavik

$623 15.6%

Lomas de Zamora

$271 22.2% 56.4% $351

Eating Out

Reykjavik

$536 13.4%

Lomas de Zamora

$200 16.3% 62.8% $337

Clothing & Footwear

Reykjavik

$292 7.3%

Lomas de Zamora

$197 16.1% 32.7% $95

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Lomas de Zamora

$145 11.9% 32.5% $70

Sport & Entertainment

Reykjavik

$142 3.5%

Lomas de Zamora

$47 3.8% 67% $95

Getting Around

Reykjavik

$138 3.5%

Lomas de Zamora

$38 3.1% 72.7% $100

Cost Breakdown

A one-bedroom apartment in the center runs $2,549 in Reykjavik and $517 in Lomas de Zamora. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 501% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $122 in Reykjavik vs $54.0 in Lomas de Zamora for a mid-range dinner for two. Groceries echo the gap at $623 vs $271 per month, with Lomas de Zamora cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇦🇷 Lomas de Zamora

🕒 Local time

18:32 6:32 PM

15:32 3:32 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

616,279

💱 Currency

Icelandic Króna ISK kr

Argentine Peso ARS $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 ARS = 6.59 USD

10,000 ARS = 5.86 EUR

Exchange rates and currency converter

ARS, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 17, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Argentine Peso exchange rates as of October 17, 2026: 1 USD = 1,517 ARS (10,000 ARS = 6.59 USD). 1 EUR = 1,706 ARS (10,000 ARS = 5.86 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Lomas de Zamora 11,450 km ≈ 15 h nonstop flight

From you

Reykjavik
Lomas de Zamora

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 Lomas de Zamora: Cost of Living - Frequently Asked Questions

Reykjavik and Lomas de Zamora differ by about 227% in total monthly costs ($4,002 vs $1,223 including rent). Lomas de Zamora is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 501% higher in Reykjavik, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,549 in Reykjavik versus $517 in Lomas de Zamora. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Lomas de Zamora – a meal for two runs $54.0 versus $122 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $4,002 per month in Reykjavik versus $1,223 in Lomas de Zamora – a 227% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,223 in Lomas de Zamora versus $4,002 in Reykjavik, a $2,000 budget is realistic in Lomas de Zamora but tight or insufficient in Reykjavik. The gap between the two cities makes Lomas de Zamora 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 Lomas de Zamora 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 Lomas de Zamora gentler on the wallet – expenses run 227% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.