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

😐 Solo nomad: Reykjavik is 22.4% more expensive than Njardvik without rent, and 23.3% more expensive with rent.

😐 Family of 3: Reykjavik is 22% more expensive than Njardvik without rent, and 8.9% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,406

$24.05 ISK 3,010

13.18%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$98.2 ISK 12.3K

47.40%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,804

$16.26 ISK 2,035

37.82%

Cappuccino

$5.94 ISK 744

$6.15 ISK 770

-3.41%

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

$3.26 ISK 408

$1.58 ISK 198

106.33%

Water (0.33 liter bottle)

$2.54 ISK 318

$2.34 ISK 293

8.55%

Local Beer (0.5 liter draught)

$12.83 ISK 1,606

$10.47 ISK 1,311

22.54%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,434

$11.22 ISK 1,404

2.14%

Milk (1 liter)

$1.88 ISK 236

$1.89 ISK 237

-0.53%

White Bread (500g)

$4.33 ISK 542

$4.20 ISK 526

3.10%

Rice (white) (1kg)

$3.57 ISK 447

$3.68 ISK 461

-2.99%

Eggs

$6.56 ISK 821

$6.47 ISK 810

1.39%

Local Cheese (1kg)

$18.18 ISK 2,275

$18.33 ISK 2,294

-0.82%

Chicken Fillets (1kg)

$24.52 ISK 3,069

$23.76 ISK 2,973

3.20%

Beef Round Steak (1kg)

$42.03 ISK 5,260

$41.57 ISK 5,202

1.11%

Apples (1kg)

$3.20 ISK 400

$3.29 ISK 412

-2.74%

Banana (1kg)

$2.42 ISK 303

$2.52 ISK 315

-3.97%

Oranges (1kg)

$3.06 ISK 383

$2.98 ISK 372

2.68%

Tomato (1kg)

$4.86 ISK 609

$5.02 ISK 628

-3.19%

Potato (1kg)

$3.66 ISK 458

$3.69 ISK 462

-0.81%

Onion (1kg)

$2.34 ISK 293

$2.40 ISK 301

-2.50%

Lettuce (1 head)

$3.14 ISK 393

$3.14 ISK 394

Water (1.5 liter bottle)

$2.02 ISK 253

$2.00 ISK 250

1.00%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,741

$13.48 ISK 1,687

3.19%

Wine (Bottle)

$23.74 ISK 2,971

$23.93 ISK 2,994

-0.79%

Local Beer (0.5 liter bottle)

$3.69 ISK 462

$3.62 ISK 453

1.93%

Imported Beer (0.33 liter bottle)

$3.23 ISK 404

$3.32 ISK 416

-2.71%

One-way Ticket (Public Transport)

$5.29 ISK 662

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

Taxi Start (Normal Tariff)

$6.54 ISK 818

$6.31 ISK 790

3.65%

Taxi (Normal Tariff) (1km)

$2.60 ISK 326

$2.65 ISK 332

-1.89%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.7K

$84.5 ISK 10.6K

1.59%

Gasoline (1 liter)

$2.51 ISK 315

$2.43 ISK 305

3.29%

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

$47.1K ISK 5.9M

$48.2K ISK 6.0M

-2.18%

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

$52.6K ISK 6.6M

$51.5K ISK 6.4M

2.03%

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

$89.2 ISK 11.2K

$87.0 ISK 10.9K

2.45%

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

$27.07 ISK 3,387

$27.82 ISK 3,482

-2.70%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.5K

$85.8 ISK 10.7K

-1.85%

Gym Membership (Monthly)

$84.0 ISK 10.5K

$81.2 ISK 10.2K

3.39%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,766

Cinema Ticket

$17.42 ISK 2,180

$17.64 ISK 2,207

-1.25%

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

$324 ISK 40.5K

$326 ISK 40.8K

-0.72%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$30.3K ISK 3.8M

0.54%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

$119 ISK 14.8K

19.32%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,837

$60.5 ISK 7,576

3.45%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$186 ISK 23.3K

-1.46%

Men's Leather Business Shoes

$268 ISK 33.5K

$271 ISK 33.9K

-1.20%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 274.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 256.9K

$1,425 ISK 178.3K

44.12%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 395.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 341.4K

$2,665 ISK 333.5K

2.36%

Buy Apartment in City Center (m2)

$7,833 ISK 980.2K

Buy Apartment Outside City Center (m2)

$6,268 ISK 784.4K

Average Monthly Net Salary (After Tax)

$4,471 ISK 559.5K

$4,037 ISK 505.2K

10.75%

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: March 3, 2026

Last update for Njardvik: 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