Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Nova Iguacu

For one person, living is cheaper in Nova Iguacu: $736 a month against $4,023 in Reykjavik, rent and utilities included – about $39,400 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
Learn more

Reykjavik Living Index
36

Cost of Living Index in Nova Iguacu
Learn more

Nova Iguacu Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Nova Iguacu

🇧🇷 Brazil

$736

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Nova Iguacu

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Reykjavik and in Nova Iguacu actually costs, broken down by who's living it.

Monthly costs for one person with rent: $4,023 in Reykjavik versus $736 in Nova Iguacu.

Reykjavik $4,023
Nova Iguacu $736

Estimated couple costs with rent: $5,708 in Reykjavik versus $1,212 in Nova Iguacu.

Reykjavik $5,708
Nova Iguacu $1,212

Monthly costs for a family of three with rent: $7,393 in Reykjavik versus $1,687 in Nova Iguacu.

Reykjavik $7,393
Nova Iguacu $1,687

Living in Reykjavik is roughly 446% more expensive than in Nova Iguacu, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 197% above, Nova Iguacu is 46% below.

Meal at Budget Restaurant

$31.00 ISK 3,760

$3.54 R$17.92

775.71%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$30.13 R$153

308.89%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$7.87 R$39.92

245.74%

Cappuccino

$6.90 ISK 837

$1.89 R$9.59

265.08%

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

$3.30 ISK 401

$1.20 R$6.11

175.00%

Water (0.33 liter bottle)

$3.16 ISK 384

$0.58 R$2.94

444.83%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$1.68 R$8.50

723.81%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$1.61 R$8.15

673.91%

Milk (1 liter)

$2.06 ISK 250

$1.23 R$6.25

67.48%

White Bread (500g)

$4.11 ISK 498

$1.62 R$8.19

153.70%

Rice (white) (1kg)

$3.68 ISK 446

$1.13 R$5.71

225.66%

Eggs

$7.27 ISK 882

$1.97 R$9.96

269.04%

Local Cheese (1kg)

$21.79 ISK 2,643

$8.24 R$41.75

164.44%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$2.82 R$14.31

749.29%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$7.08 R$35.90

485.17%

Apples (1kg)

$3.42 ISK 414

$1.37 R$6.95

149.64%

Banana (1kg)

$2.84 ISK 344

$1.41 R$7.15

101.42%

Oranges (1kg)

$3.23 ISK 391

$0.95 R$4.82

240.00%

Tomato (1kg)

$6.46 ISK 783

$1.74 R$8.84

271.26%

Potato (1kg)

$4.05 ISK 491

$1.02 R$5.19

297.06%

Onion (1kg)

$1.66 ISK 202

$1.03 R$5.22

61.17%

Lettuce (1 head)

$3.86 ISK 468

$0.41 R$2.08

841.46%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.42 R$2.13

338.10%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$1.82 R$9.25

667.03%

Wine (Bottle)

$23.76 ISK 2,882

$5.80 R$29.41

309.66%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$0.97 R$4.92

264.95%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$1.37 R$6.94

151.09%

One-way Ticket (Public Transport)

$5.81 ISK 705

$1.48 R$7.51

292.57%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$50.1 R$254

90.43%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.33 R$6.77

405.26%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$1.38 R$6.98

103.62%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$9.26 R$46.94

778.40%

Gasoline (1 liter)

$2.12 ISK 257

$1.18 R$5.96

79.66%

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

$68.9K ISK 8.4M

$23.8K R$120.8K

189.19%

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

$55.8K ISK 6.8M

$34.0K R$172.1K

64.32%

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

$95.8 ISK 11.6K

$42.49 R$215

125.49%

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

$33.11 ISK 4,016

$11.82 R$59.9

180.12%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$17.90 R$90.7

386.87%

Gym Membership (Monthly)

$101 ISK 12.3K

$23.75 R$120

325.60%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$39.25 R$199

29.27%

Cinema Ticket

$19.85 ISK 2,407

$6.08 R$30.80

226.48%

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

$1,195 ISK 144.9K

$73.3 R$371

1530.50%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$1,935 R$9,808

1255.32%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$54.2 R$275

173.44%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$37.22 R$189

79.34%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$65.2 R$331

186.03%

Men's Leather Business Shoes

$253 ISK 30.6K

$58.4 R$296

332.96%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$321 R$1,627

703.31%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$214 R$1,086

871.13%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$654 R$3,318

427.87%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$444 R$2,250

519.99%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$972 R$4,926

716.46%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

$244 R$1,238

1822.88%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.12

-20.77%

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

Last update for Reykjavik: October 20, 2026

Last update for Nova Iguacu: October 18, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Reykjavik

$2.1K 51.7%

Nova Iguacu

$214 29.1% 89.7% $1.9K

Groceries & Markets

Reykjavik

$619 15.4%

Nova Iguacu

$160 21.7% 74.2% $460

Eating Out

Reykjavik

$532 13.2%

Nova Iguacu

$93 12.7% 82.5% $439

Clothing & Footwear

Reykjavik

$294 7.3%

Nova Iguacu

$97 13.1% 67.1% $198

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Nova Iguacu

$72 9.8% 66.6% $144

Sport & Entertainment

Reykjavik

$141 3.5%

Nova Iguacu

$36 4.9% 74.5% $105

Getting Around

Reykjavik

$139 3.5%

Nova Iguacu

$64 8.7% 53.9% $75

Cost Breakdown

A one-bedroom apartment in the center runs $2,579 in Reykjavik and $321 in Nova Iguacu. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 1823% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $123 in Reykjavik vs $30.00 in Nova Iguacu for a mid-range dinner for two. Groceries echo the gap at $619 vs $160 per month, with Nova Iguacu cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Nova Iguacu

🕒 Local time

15:32 3:32 PM

12:32 12:32 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

785,867

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

Exchange rates and currency converter

BRL, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 22, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Brazilian Real exchange rates as of October 22, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Nova Iguacu 9,840 km ≈ 13 h nonstop flight

From you

Reykjavik
Nova Iguacu

Distances are measured in a straight line. Your location is detected approximately.

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 Nova Iguacu: Cost of Living - Frequently Asked Questions

Reykjavik and Nova Iguacu differ by about 446% in total monthly costs ($4,023 vs $736 including rent). Nova Iguacu is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 1823% higher in Reykjavik, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,579 in Reykjavik versus $321 in Nova Iguacu. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $4,023 per month in Reykjavik versus $736 in Nova Iguacu – a 446% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Nova Iguacu runs roughly 90% less than in Reykjavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $736 in Nova Iguacu versus $4,023 in Reykjavik, a $2,000 budget is realistic in Nova Iguacu but tight or insufficient in Reykjavik. The gap between the two cities makes Nova Iguacu the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Reykjavik and Nova Iguacu are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Nova Iguacu gentler on the wallet – expenses run 446% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.