Cost of Living Comparison Between Reykjavik and Njardvik Cost of Living Comparison Between Reykjavik and Njardvik

😐 Solo nomad: Reykjavik is 19.3% more expensive than Njardvik without rent, and 26% more expensive with rent.

😐 Family of 3: Reykjavik is 7.8% more expensive than Njardvik without rent, and 13.3% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$24.36 ISK 3,069

9.61%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$98.1 ISK 12.4K

47.45%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$16.36 ISK 2,061

36.86%

Cappuccino

$6.06 ISK 764

$6.27 ISK 790

-3.35%

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

$3.28 ISK 414

$1.66 ISK 209

97.59%

Water (0.33 liter bottle)

$2.62 ISK 330

$2.44 ISK 308

7.38%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$10.57 ISK 1,332

23.18%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$11.47 ISK 1,445

-1.66%

Milk (1 liter)

$1.87 ISK 235

$1.95 ISK 245

-4.10%

White Bread (500g)

$4.32 ISK 544

$4.19 ISK 527

3.10%

Rice (white) (1kg)

$3.71 ISK 468

Eggs

$6.52 ISK 821

$6.28 ISK 791

3.82%

Local Cheese (1kg)

$18.16 ISK 2,288

$17.87 ISK 2,251

1.62%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$24.11 ISK 3,037

-1.16%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$42.03 ISK 5,295

1.90%

Apples (1kg)

$3.37 ISK 424

$3.34 ISK 420

0.90%

Banana (1kg)

$2.50 ISK 315

$2.52 ISK 317

-0.79%

Oranges (1kg)

$3.03 ISK 382

$3.13 ISK 394

-3.19%

Tomato (1kg)

$4.98 ISK 627

$5.03 ISK 634

-0.99%

Potato (1kg)

$3.66 ISK 461

$3.56 ISK 448

2.81%

Onion (1kg)

$2.40 ISK 302

$2.35 ISK 296

2.13%

Lettuce (1 head)

$3.06 ISK 386

$3.20 ISK 403

-4.38%

Water (1.5 liter bottle)

$2.01 ISK 253

$1.95 ISK 246

3.08%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$13.44 ISK 1,693

2.83%

Wine (Bottle)

$23.58 ISK 2,971

$23.76 ISK 2,993

-0.76%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$3.36 ISK 424

-3.57%

One-way Ticket (Public Transport)

$5.19 ISK 654

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

Taxi Start (Normal Tariff)

$6.18 ISK 778

$6.47 ISK 815

-4.48%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$2.52 ISK 318

4.76%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$84.4 ISK 10.6K

3.36%

Gasoline (1 liter)

$2.56 ISK 322

$2.54 ISK 320

0.79%

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

$48.0K ISK 6.0M

$48.1K ISK 6.1M

-0.30%

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

$52.5K ISK 6.6M

$53.1K ISK 6.7M

-1.11%

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

$88.6 ISK 11.2K

$88.8 ISK 11.2K

-0.15%

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

$27.96 ISK 3,522

$27.78 ISK 3,499

0.65%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$83.8 ISK 10.6K

1.07%

Gym Membership (Monthly)

$81.7 ISK 10.3K

$79.4 ISK 10.0K

2.82%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.53 ISK 2,208

$17.68 ISK 2,227

-0.85%

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

$316 ISK 39.7K

$322 ISK 40.5K

-1.97%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$29.7K ISK 3.7M

1.49%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$120 ISK 15.1K

16.23%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$62.3 ISK 7,842

0.27%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$183 ISK 23.1K

-0.62%

Men's Leather Business Shoes

$264 ISK 33.2K

$269 ISK 33.9K

-2.05%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$1,470 ISK 185.2K

39.28%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$2,611 ISK 329.0K

3.05%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$3,882 ISK 489.0K

15.64%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Reykjavik: January 10, 2026

Last update for Njardvik: January 10, 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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