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

🙂 Solo nomad: Reykjavik is 2.5% cheaper than Lugano without rent, and 19.1% more expensive with rent.

🙂 Family of 3: Reykjavik is 8.2% cheaper than Lugano without rent, and 6.7% cheaper with rent.

Meal at Budget Restaurant

$26.47 ISK 3,231

$30.57 CHF 23.87

-13.41%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.4K

$182 CHF 142

-21.95%

Fast Food Meal (McDonalds, etc)

$22.61 ISK 2,760

$18.24 CHF 14.25

23.96%

Cappuccino

$6.17 ISK 753

$4.32 CHF 3.37

42.82%

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

$3.35 ISK 409

$4.91 CHF 3.84

-31.77%

Water (0.33 liter bottle)

$2.63 ISK 321

$4.17 CHF 3.26

-36.93%

Local Beer (0.5 liter draught)

$12.64 ISK 1,543

$7.35 CHF 5.74

71.97%

Imported Beer (0.33 liter bottle)

$11.33 ISK 1,384

$7.55 CHF 5.90

50.07%

Milk (1 liter)

$1.93 ISK 236

$2.26 CHF 1.77

-14.60%

White Bread (500g)

$4.15 ISK 507

$3.50 CHF 2.73

18.57%

Rice (white) (1kg)

$3.74 ISK 456

$4.67 CHF 3.65

-19.91%

Eggs

$6.27 ISK 766

$6.72 CHF 5.25

-6.70%

Local Cheese (1kg)

$17.92 ISK 2,188

$27.22 CHF 21.26

-34.17%

Chicken Fillets (1kg)

$24.05 ISK 2,936

$36.30 CHF 28.35

-33.75%

Beef Round Steak (1kg)

$42.07 ISK 5,136

$47.81 CHF 37.34

-12.01%

Apples (1kg)

$3.22 ISK 393

$3.06 CHF 2.39

5.23%

Banana (1kg)

$2.52 ISK 307

$1.99 CHF 1.55

26.63%

Oranges (1kg)

$3.09 ISK 377

$2.50 CHF 1.96

23.60%

Tomato (1kg)

$5.09 ISK 621

$7.54 CHF 5.89

-32.49%

Potato (1kg)

$3.58 ISK 437

$2.17 CHF 1.69

64.98%

Onion (1kg)

$2.44 ISK 297

$2.35 CHF 1.83

3.83%

Lettuce (1 head)

$3.18 ISK 389

$2.62 CHF 2.05

21.37%

Water (1.5 liter bottle)

$1.94 ISK 237

$1.30 CHF 1.02

49.23%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,674

$10.87 CHF 8.49

26.13%

Wine (Bottle)

$22.59 ISK 2,758

$12.95 CHF 10.11

74.44%

Local Beer (0.5 liter bottle)

$3.55 ISK 434

$2.69 CHF 2.10

31.97%

Imported Beer (0.33 liter bottle)

$3.33 ISK 406

$4.21 CHF 3.29

-20.90%

One-way Ticket (Public Transport)

$5.28 ISK 644

$3.15 CHF 2.46

67.62%

Public Transport Monthly Pass (Regular Price)

$87.1 ISK 10.6K

$87.8 CHF 68.6

-0.89%

Taxi Start (Normal Tariff)

$6.25 ISK 763

$6.84 CHF 5.34

-8.63%

Taxi (Normal Tariff) (1km)

$2.51 ISK 307

$4.48 CHF 3.50

-43.97%

Taxi 1hour Waiting (Normal Tariff)

$84.7 ISK 10.3K

$62.4 CHF 48.77

35.70%

Gasoline (1 liter)

$2.46 ISK 300

$2.15 CHF 1.68

14.42%

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

$46.5K ISK 5.7M

$40.9K CHF 31.9K

13.77%

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

$51.5K ISK 6.3M

$37.4K CHF 29.2K

37.63%

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

$87.7 ISK 10.7K

$206 CHF 161

-57.37%

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

$27.91 ISK 3,407

$73.8 CHF 57.6

-62.16%

Internet (50+ Mbps, Unlimited Data)

$84.5 ISK 10.3K

$53.5 CHF 41.76

58.02%

Gym Membership (Monthly)

$82.7 ISK 10.1K

$108 CHF 84.3

-23.41%

Tennis Court (1 Hour on Weekend)

$37.97 ISK 4,635

$62.8 CHF 49.02

-39.50%

Cinema Ticket

$17.78 ISK 2,170

$18.11 CHF 14.14

-1.82%

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

$324 ISK 39.6K

$1,251 CHF 977

-74.06%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.6M

$35.2K CHF 27.5K

-15.75%

Jeans (Levis 501 Or Similar)

$140 ISK 17.1K

$124 CHF 96.9

12.97%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,399

$46.81 CHF 36.56

29.50%

Sport Shoes (Adidas, Nike)

$181 ISK 22.1K

$136 CHF 106

33.63%

Men's Leather Business Shoes

$263 ISK 32.1K

$154 CHF 120

70.78%

1-bedroom Apartment, City Center (Monthly)

$2,250 ISK 274.7K

$1,702 CHF 1,329

32.20%

1-bedroom Apartment, Outside City Center (Monthly)

$2,007 ISK 245.0K

$1,248 CHF 975

60.79%

3-bedroom Apartment, City Center (Monthly)

$3,118 ISK 380.6K

$2,849 CHF 2,225

9.42%

3-bedroom Apartment, Outside City Center (Monthly)

$2,755 ISK 336.3K

$2,589 CHF 2,022

6.40%

Buy Apartment in City Center (m2)

$8,013 ISK 978.1K

$17.8K CHF 13.9K

-55.04%

Buy Apartment Outside City Center (m2)

$6,528 ISK 796.9K

$13.3K CHF 10.4K

-51.07%

Average Monthly Net Salary (After Tax)

$4,449 ISK 543.1K

$6,979 CHF 5,451

-36.25%

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: April 14, 2026

Last update for Lugano: April 12, 2026

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 other spots: cost of living compared

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