Cost of Living Comparison Between Reykjavik and Lugano Cost of Living Comparison Between Reykjavik and Lugano

🙂 Solo nomad: Reykjavik is 1.9% cheaper than Lugano without rent, and 19.8% more expensive with rent.

🙂 Family of 3: Reykjavik is 5.5% cheaper than Lugano without rent, and 5.4% cheaper with rent.

Meal at Budget Restaurant

$27.22 ISK 3,339

$30.61 CHF 23.85

-11.07%

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.8K

$181 CHF 141

-20.12%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,749

$18.58 CHF 14.47

20.61%

Cappuccino

$5.94 ISK 729

$4.48 CHF 3.49

32.59%

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

$3.26 ISK 400

$4.75 CHF 3.70

-31.37%

Water (0.33 liter bottle)

$2.54 ISK 312

$4.02 CHF 3.13

-36.82%

Local Beer (0.5 liter draught)

$12.83 ISK 1,575

$7.53 CHF 5.87

70.39%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,406

$7.26 CHF 5.65

57.85%

Milk (1 liter)

$1.88 ISK 231

$2.25 CHF 1.76

-16.44%

White Bread (500g)

$4.33 ISK 531

$3.48 CHF 2.71

24.43%

Rice (white) (1kg)

$3.57 ISK 438

$4.91 CHF 3.82

-27.29%

Eggs

$6.56 ISK 805

$6.97 CHF 5.43

-5.88%

Local Cheese (1kg)

$18.18 ISK 2,231

$26.82 CHF 20.89

-32.21%

Chicken Fillets (1kg)

$24.52 ISK 3,008

$36.39 CHF 28.35

-32.62%

Beef Round Steak (1kg)

$42.03 ISK 5,157

$46.96 CHF 36.59

-10.50%

Apples (1kg)

$3.20 ISK 392

$3.14 CHF 2.44

1.91%

Banana (1kg)

$2.42 ISK 297

$1.97 CHF 1.53

22.84%

Oranges (1kg)

$3.06 ISK 376

$2.60 CHF 2.02

17.69%

Tomato (1kg)

$4.86 ISK 597

$7.60 CHF 5.92

-36.05%

Potato (1kg)

$3.66 ISK 449

$2.28 CHF 1.78

60.53%

Onion (1kg)

$2.34 ISK 287

$2.22 CHF 1.73

5.41%

Lettuce (1 head)

$3.14 ISK 385

$2.58 CHF 2.01

21.71%

Water (1.5 liter bottle)

$2.02 ISK 248

$1.24 CHF 0.96

62.90%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,707

$10.80 CHF 8.41

28.80%

Wine (Bottle)

$23.74 ISK 2,913

$13.06 CHF 10.18

81.78%

Local Beer (0.5 liter bottle)

$3.69 ISK 453

$2.65 CHF 2.06

39.25%

Imported Beer (0.33 liter bottle)

$3.23 ISK 396

$4.15 CHF 3.24

-22.17%

One-way Ticket (Public Transport)

$5.29 ISK 649

$3.15 CHF 2.46

67.94%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 10.8K

$87.7 CHF 68.3

0.56%

Taxi Start (Normal Tariff)

$6.54 ISK 802

$6.79 CHF 5.29

-3.68%

Taxi (Normal Tariff) (1km)

$2.60 ISK 319

$4.40 CHF 3.43

-40.91%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.5K

$62.1 CHF 48.39

38.12%

Gasoline (1 liter)

$2.51 ISK 309

$2.14 CHF 1.67

17.29%

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

$47.1K ISK 5.8M

$40.3K CHF 31.4K

17.07%

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

$52.6K ISK 6.4M

$37.7K CHF 29.4K

39.36%

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

$89.2 ISK 10.9K

$203 CHF 158

-56.13%

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

$27.07 ISK 3,321

$71.9 CHF 56.0

-62.33%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.3K

$53.8 CHF 41.87

56.58%

Gym Membership (Monthly)

$84.0 ISK 10.3K

$107 CHF 83.3

-21.50%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,673

$62.7 CHF 48.81

-39.21%

Cinema Ticket

$17.42 ISK 2,138

$18.33 CHF 14.28

-4.96%

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

$324 ISK 39.7K

$1,230 CHF 958

-73.68%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.7M

$35.5K CHF 27.7K

-14.28%

Jeans (Levis 501 Or Similar)

$141 ISK 17.4K

$123 CHF 95.9

14.89%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,684

$47.97 CHF 37.37

30.56%

Sport Shoes (Adidas, Nike)

$183 ISK 22.5K

$133 CHF 103

37.96%

Men's Leather Business Shoes

$268 ISK 32.9K

$152 CHF 118

76.40%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 269.5K

$1,686 CHF 1,314

30.26%

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 251.9K

$1,249 CHF 973

64.36%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 387.5K

$2,789 CHF 2,173

13.25%

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 334.7K

$2,654 CHF 2,067

2.81%

Buy Apartment in City Center (m2)

$7,833 ISK 961.0K

$17.7K CHF 13.8K

-55.70%

Buy Apartment Outside City Center (m2)

$6,268 ISK 769.1K

$13.3K CHF 10.4K

-52.98%

Average Monthly Net Salary (After Tax)

$4,471 ISK 548.6K

$6,824 CHF 5,316

-34.48%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

2.5

285.20%

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

Last update for Reykjavik: March 3, 2026

Last update for Lugano: February 28, 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

Similar cities

London

🇬🇧 United Kingdom

San Diego, CA

🇺🇸 United States

Washington, DC

🇺🇸 United States

Basel

🇨🇭 Switzerland

Honolulu, HI

🇺🇸 United States

Brooklyn, NY

🇺🇸 United States

Irvine, CA

🇺🇸 United States

Jersey City, NJ

🇺🇸 United States