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

🙂 Solo nomad: Reykjavik is 1.4% cheaper than Lugano without rent, and 23.5% more expensive with rent.

🙂 Family of 3: Reykjavik is 9.1% cheaper than Lugano without rent, and 4.3% cheaper with rent.

Meal at Budget Restaurant

$26.49 ISK 3,374

$30.95 CHF 24.91

-14.41%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.4K

$182 CHF 147

-20.52%

Fast Food Meal (McDonalds, etc)

$22.1 ISK 2,814

$18.57 CHF 14.94

19.01%

Cappuccino

$6.05 ISK 770

$4.46 CHF 3.59

35.65%

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

$3.37 ISK 429

$4.96 CHF 3.99

-32.06%

Water (0.33 liter bottle)

$2.6 ISK 331

$4.07 CHF 3.27

-36.12%

Local Beer (0.5 liter draught)

$12.76 ISK 1,625

$7.6 CHF 6.11

67.89%

Imported Beer (0.33 liter bottle)

$11.41 ISK 1,454

$7.24 CHF 5.83

57.60%

Milk (1 liter)

$1.94 ISK 247

$2.21 CHF 1.78

-12.22%

White Bread (500g)

$4.33 ISK 551

$3.57 CHF 2.88

21.29%

Rice (white) (1kg)

$3.59 ISK 457

$4.76 CHF 3.83

-24.58%

Eggs

$6.3 ISK 803

$6.93 CHF 5.57

-9.09%

Local Cheese (1kg)

$17.79 ISK 2,266

$27.47 CHF 22.11

-35.24%

Chicken Fillets (1kg)

$24.2 ISK 3,082

$37.37 CHF 30.08

-35.24%

Beef Round Steak (1kg)

$41.74 ISK 5,316

$46.84 CHF 37.7

-10.89%

Apples (1kg)

$3.25 ISK 414

$3.22 CHF 2.59

0.93%

Banana (1kg)

$2.54 ISK 324

$1.97 CHF 1.58

28.93%

Oranges (1kg)

$3.11 ISK 396

$2.6 CHF 2.09

19.62%

Tomato (1kg)

$4.85 ISK 618

$7.28 CHF 5.86

-33.38%

Potato (1kg)

$3.67 ISK 468

$2.17 CHF 1.74

69.12%

Onion (1kg)

$2.34 ISK 299

$2.33 CHF 1.87

0.43%

Lettuce (1 head)

$3.15 ISK 401

$2.58 CHF 2.08

22.09%

Water (1.5 liter bottle)

$2.03 ISK 258

$1.24 CHF 1

63.71%

Cigarettes 20 Pack (Marlboro, Camel)

$13.9 ISK 1,771

$10.97 CHF 8.83

26.71%

Wine (Bottle)

$24.04 ISK 3,061

$10.65 CHF 8.57

125.73%

Local Beer (0.5 liter bottle)

$3.62 ISK 461

$2.64 CHF 2.12

37.12%

Imported Beer (0.33 liter bottle)

$3.3 ISK 420

$4.06 CHF 3.27

-18.72%

One-way Ticket (Public Transport)

$5.28 ISK 672

$3.17 CHF 2.55

66.56%

Public Transport Monthly Pass (Regular Price)

$85.7 ISK 10.9K

$89.4 CHF 72

-4.18%

Taxi Start (Normal Tariff)

$6.29 ISK 801

$6.63 CHF 5.33

-5.13%

Taxi (Normal Tariff) (1km)

$2.6 ISK 331

$4.47 CHF 3.6

-41.83%

Taxi 1hour Waiting (Normal Tariff)

$87.6 ISK 11.2K

$62.5 CHF 50.3

40.09%

Gasoline (1 liter)

$2.43 ISK 310

$2.24 CHF 1.81

8.48%

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

$47.7K ISK 6.1M

$40.4K CHF 32.5K

18.14%

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

$51.3K ISK 6.5M

$37.3K CHF 30K

37.45%

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

$86.8 ISK 11.1K

$204 CHF 165

-57.54%

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

$26.89 ISK 3,425

$74 CHF 59.6

-63.66%

Internet (50+ Mbps, Unlimited Data)

$85.8 ISK 10.9K

$54.1 CHF 43.52

58.65%

Gym Membership (Monthly)

$81.7 ISK 10.4K

$110 CHF 88.7

-25.85%

Tennis Court (1 Hour on Weekend)

$37.19 ISK 4,736

$61 CHF 49.09

-39.02%

Cinema Ticket

$17.57 ISK 2,237

$18.58 CHF 14.95

-5.44%

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

$321 ISK 40.8K

$1,226 CHF 987

-73.84%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.9M

$35.4K CHF 28.5K

-13.78%

Jeans (Levis 501 Or Similar)

$140 ISK 17.8K

$123 CHF 98.9

13.80%

Summer Dress (H&M, Zara, etc)

$61.7 ISK 7,851

$46.98 CHF 37.81

31.23%

Sport Shoes (Adidas, Nike)

$186 ISK 23.7K

$131 CHF 105

42.19%

Men's Leather Business Shoes

$266 ISK 33.9K

$154 CHF 124

73.45%

1-bedroom Apartment, City Center (Monthly)

$2,234 ISK 284.5K

$1,686 CHF 1,357

32.49%

1-bedroom Apartment, Outside City Center (Monthly)

$2,049 ISK 260.9K

$1,242 CHF 1,000

64.90%

3-bedroom Apartment, City Center (Monthly)

$3,138 ISK 399.6K

$2,856 CHF 2,298

9.89%

3-bedroom Apartment, Outside City Center (Monthly)

$2,754 ISK 350.7K

$2,647 CHF 2,130

4.03%

Buy Apartment in City Center (m2)

$7,668 ISK 976.5K

$20.4K CHF 16.4K

-62.42%

Buy Apartment Outside City Center (m2)

$6,241 ISK 794.8K

$14.3K CHF 11.5K

-56.31%

Average Monthly Net Salary (After Tax)

$4,130 ISK 526K

$6,501 CHF 5,232

-36.46%

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: November 29, 2025

Last update for Lugano: November 30, 2025

Digital Nomad Cost of Living Index

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