Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Nueve de Julio

For one person, living is cheaper in Nueve de Julio: $1,404 a month against $4,002 in Reykjavik, rent and utilities included – about $31,200 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
68

Cost of Living Index in Nueve de Julio
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Nueve de Julio Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Nueve de Julio

🇦🇷 Argentina

$1,404

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Nueve de Julio

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 Nueve de Julio actually costs, broken down by who's living it.

Monthly costs for one person with rent: $4,002 in Reykjavik versus $1,404 in Nueve de Julio.

Reykjavik $4,002
Nueve de Julio $1,404

Estimated couple costs with rent: $5,705 in Reykjavik versus $2,318 in Nueve de Julio.

Reykjavik $5,705
Nueve de Julio $2,318

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $3,231 in Nueve de Julio.

Reykjavik $7,407
Nueve de Julio $3,231

Living in Reykjavik is roughly 185% more expensive than in Nueve de Julio, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Reykjavik 196% above, Nueve de Julio 4% above.

Meal at Budget Restaurant

$31.56 ISK 3,848

$19.29 ARS 29.3K

63.61%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

$65.0 ARS 98.6K

88.17%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,275

$12.94 ARS 19.6K

107.57%

Cappuccino

$6.81 ISK 831

$3.93 ARS 5,962

73.28%

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

$3.39 ISK 413

$1.96 ARS 2,975

72.96%

Water (0.33 liter bottle)

$3.20 ISK 390

$1.61 ARS 2,445

98.76%

Local Beer (0.5 liter draught)

$14.14 ISK 1,724

$4.05 ARS 6,142

249.14%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,501

$4.70 ARS 7,130

161.91%

Milk (1 liter)

$2.10 ISK 256

$1.04 ARS 1,575

101.92%

White Bread (500g)

$4.19 ISK 511

$2.52 ARS 3,825

66.27%

Rice (white) (1kg)

$3.72 ISK 454

$1.66 ARS 2,514

124.10%

Eggs

$7.05 ISK 860

$1.18 ARS 1,793

497.46%

Local Cheese (1kg)

$21.56 ISK 2,630

$10.69 ARS 16.2K

101.68%

Chicken Fillets (1kg)

$24.68 ISK 3,010

$9.97 ARS 15.1K

147.54%

Beef Round Steak (1kg)

$42.19 ISK 5,145

$13.42 ARS 20.3K

214.38%

Apples (1kg)

$3.23 ISK 394

$2.85 ARS 4,320

13.33%

Banana (1kg)

$2.73 ISK 333

$2.18 ARS 3,300

25.23%

Oranges (1kg)

$3.17 ISK 387

$1.41 ARS 2,140

124.82%

Tomato (1kg)

$6.61 ISK 807

$2.06 ARS 3,121

220.87%

Potato (1kg)

$3.85 ISK 469

$1.25 ARS 1,899

208.00%

Onion (1kg)

$1.66 ISK 202

$1.25 ARS 1,892

32.80%

Lettuce (1 head)

$3.80 ISK 464

$1.02 ARS 1,546

272.55%

Water (1.5 liter bottle)

$1.75 ISK 213

$0.99 ARS 1,496

76.77%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,672

$1.02 ARS 1,544

1244.12%

Wine (Bottle)

$24.21 ISK 2,953

$5.60 ARS 8,489

332.32%

Local Beer (0.5 liter bottle)

$3.53 ISK 431

$1.39 ARS 2,110

153.96%

Imported Beer (0.33 liter bottle)

$3.32 ISK 404

$2.06 ARS 3,122

61.17%

One-way Ticket (Public Transport)

$5.75 ISK 701

$0.92 ARS 1,398

525.00%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 807

$1.65 ARS 2,497

300.61%

Taxi (Normal Tariff) (1km)

$2.90 ISK 354

$1.02 ARS 1,546

184.31%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,654

$8.04 ARS 12.2K

884.58%

Gasoline (1 liter)

$2.09 ISK 255

$1.35 ARS 2,051

54.81%

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

$51.0K ISK 6.2M

$28.7K ARS 43.6M

77.46%

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

$53.3K ISK 6.5M

$35.5K ARS 53.8M

50.17%

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

$95.3 ISK 11.6K

$201 ARS 304.5K

-52.55%

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

$32.35 ISK 3,945

$25.18 ARS 38.2K

28.47%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.7K

$30.78 ARS 46.7K

184.41%

Gym Membership (Monthly)

$102 ISK 12.4K

$35.37 ARS 53.6K

187.98%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,107

Cinema Ticket

$19.88 ISK 2,425

$10.21 ARS 15.5K

94.71%

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

$1,194 ISK 145.6K

$473 ARS 717.3K

152.44%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$8,763 ARS 13.3M

189.97%

Jeans (Levis 501 Or Similar)

$149 ISK 18.2K

$121 ARS 182.8K

23.67%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,124

$93.9 ARS 142.4K

-29.07%

Sport Shoes (Adidas, Nike)

$180 ISK 21.9K

$118 ARS 179.0K

52.41%

Men's Leather Business Shoes

$253 ISK 30.9K

$139 ARS 211.3K

81.78%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 310.9K

$527 ARS 798.7K

384.00%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 250.7K

$328 ARS 497.1K

527.17%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 426.5K

$867 ARS 1.3M

303.62%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 337.0K

$840 ARS 1.3M

229.07%

Buy Apartment in City Center (m2)

$8,120 ISK 990.2K

Buy Apartment Outside City Center (m2)

$6,254 ISK 762.6K

Average Monthly Net Salary (After Tax)

$4,573 ISK 557.7K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

57.25

-84.61%

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

Last update for Reykjavik: October 12, 2026

Last update for Nueve de Julio: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Nueve de Julio

$328 23.4% 84.1% $1.7K

Groceries & Markets

Reykjavik

$623 15.6%

Nueve de Julio

$257 18.3% 58.8% $366

Eating Out

Reykjavik

$536 13.4%

Nueve de Julio

$284 20.3% 47% $252

Clothing & Footwear

Reykjavik

$292 7.3%

Nueve de Julio

$212 15.1% 27.3% $80

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Nueve de Julio

$257 18.3% 19.3% $42

Sport & Entertainment

Reykjavik

$142 3.5%

Nueve de Julio

$56 4% 60.6% $86

Getting Around

Reykjavik

$138 3.5%

Nueve de Julio

$10 * 0.7% 92.4% $128

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $2,549 in Reykjavik and $527 in Nueve de Julio. Housing cost is often the main lever when comparing two cities.

Dining out: $122 in Reykjavik vs $65.0 in Nueve de Julio for a mid-range dinner for two. Groceries echo the gap at $623 vs $257 per month, with Nueve de Julio cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇦🇷 Nueve de Julio

🕒 Local time

17:12 5:12 PM

14:12 2:12 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

30,000

💱 Currency

Icelandic Króna ISK kr

Argentine Peso ARS $

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.35 EUR

10,000 ARS = 6.59 USD

10,000 ARS = 5.91 EUR

Exchange rates and currency converter

ARS, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 13, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

Argentine Peso exchange rates as of October 13, 2026: 1 USD = 1,517 ARS (10,000 ARS = 6.59 USD). 1 EUR = 1,693 ARS (10,000 ARS = 5.91 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Nueve de Julio 10,830 km ≈ 14 h nonstop flight

From you

Reykjavik
Nueve de Julio

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 Nueve de Julio: Cost of Living - Frequently Asked Questions

Nueve de Julio wins on cost – living expenses run 185% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Nueve de Julio the obvious pick if budget is a priority.

You'd need roughly $6,003 in Reykjavik and $2,106 in Nueve de Julio to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $2,549 in Reykjavik versus $527 in Nueve de Julio. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 142% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $4,002 per month in Reykjavik versus $1,404 in Nueve de Julio – a 185% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,404 in Nueve de Julio versus $4,002 in Reykjavik, a $1,000 budget is realistic in Nueve de Julio but tight or insufficient in Reykjavik. The gap between the two cities makes Nueve de Julio the clear choice for anyone on this budget.

Both work as nomad bases, but Nueve de Julio delivers better value – similar infrastructure at $1,404 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Nueve de Julio hard to pass up.

Safety-wise, Reykjavik and Nueve de Julio 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 Nueve de Julio gentler on the wallet – expenses run 185% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.