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

😐 Solo nomad: Reykjavik is 1.8% more expensive than Lugano without rent, and 22.4% more expensive with rent.

🙂 Family of 3: Reykjavik is 7.2% cheaper than Lugano without rent, and 5.2% cheaper with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$30.76 CHF 24.70

-13.20%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$186 CHF 149

-22.11%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$18.72 CHF 15.04

19.60%

Cappuccino

$6.06 ISK 764

$4.27 CHF 3.43

41.92%

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

$3.28 ISK 414

$4.90 CHF 3.93

-33.06%

Water (0.33 liter bottle)

$2.62 ISK 330

$4.17 CHF 3.35

-37.17%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$7.32 CHF 5.88

77.87%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$7.49 CHF 6.02

50.60%

Milk (1 liter)

$1.87 ISK 235

$2.24 CHF 1.80

-16.52%

White Bread (500g)

$4.32 ISK 544

$3.43 CHF 2.75

25.95%

Rice (white) (1kg)

$3.71 ISK 468

$4.74 CHF 3.81

-21.73%

Eggs

$6.52 ISK 821

$6.68 CHF 5.37

-2.40%

Local Cheese (1kg)

$18.16 ISK 2,288

$26.86 CHF 21.57

-32.39%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$36.55 CHF 29.35

-34.80%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$46.84 CHF 37.61

-8.56%

Apples (1kg)

$3.37 ISK 424

$3.24 CHF 2.60

4.01%

Banana (1kg)

$2.50 ISK 315

$1.93 CHF 1.55

29.53%

Oranges (1kg)

$3.03 ISK 382

$2.49 CHF 2.00

21.69%

Tomato (1kg)

$4.98 ISK 627

$7.40 CHF 5.94

-32.70%

Potato (1kg)

$3.66 ISK 461

$2.21 CHF 1.77

65.61%

Onion (1kg)

$2.40 ISK 302

$2.31 CHF 1.86

3.90%

Lettuce (1 head)

$3.06 ISK 386

$2.57 CHF 2.07

19.07%

Water (1.5 liter bottle)

$2.01 ISK 253

$1.24 CHF 0.99

62.10%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$11.09 CHF 8.91

24.62%

Wine (Bottle)

$23.58 ISK 2,971

$12.70 CHF 10.20

85.67%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$2.57 CHF 2.06

38.13%

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$4.17 CHF 3.35

-22.30%

One-way Ticket (Public Transport)

$5.19 ISK 654

$3.15 CHF 2.53

64.76%

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

$88.0 CHF 70.7

-0.40%

Taxi Start (Normal Tariff)

$6.18 ISK 778

$6.61 CHF 5.31

-6.51%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$4.37 CHF 3.51

-39.59%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$62.3 CHF 50.1

40.01%

Gasoline (1 liter)

$2.56 ISK 322

$2.17 CHF 1.74

17.97%

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

$48.0K ISK 6.0M

$39.7K CHF 31.9K

20.87%

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

$52.5K ISK 6.6M

$37.1K CHF 29.8K

41.61%

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

$88.6 ISK 11.2K

$206 CHF 165

-56.87%

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

$27.96 ISK 3,522

$72.5 CHF 58.2

-61.43%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$53.6 CHF 43.07

57.85%

Gym Membership (Monthly)

$81.7 ISK 10.3K

$110 CHF 88.7

-26.02%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

$61.7 CHF 49.50

-38.36%

Cinema Ticket

$17.53 ISK 2,208

$18.80 CHF 15.10

-6.76%

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

$316 ISK 39.7K

$1,210 CHF 972

-73.93%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$35.5K CHF 28.5K

-15.11%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$123 CHF 98.7

13.61%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$48.30 CHF 38.78

29.23%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$135 CHF 108

35.00%

Men's Leather Business Shoes

$264 ISK 33.2K

$152 CHF 122

73.20%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

$1,675 CHF 1,345

32.89%

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$1,233 CHF 990

65.99%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

$2,849 CHF 2,288

10.72%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$2,645 CHF 2,124

1.72%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

$18.6K CHF 14.9K

-59.36%

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

$13.7K CHF 11.0K

-54.41%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$6,541 CHF 5,253

-31.38%

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: January 10, 2026

Last update for Lugano: January 13, 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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