Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Osório

For one person, living is cheaper in Osório: $865 a month against $4,002 in Reykjavik, rent and utilities included – about $37,600 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
43

Cost of Living Index in Osório
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Osório Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Osório

🇧🇷 Brazil

$865

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Osório

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 Osório actually costs, broken down by who's living it.

Monthly costs for one person with rent: $4,002 in Reykjavik versus $865 in Osório.

Reykjavik $4,002
Osório $865

Estimated couple costs with rent: $5,705 in Reykjavik versus $1,404 in Osório.

Reykjavik $5,705
Osório $1,404

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $1,943 in Osório.

Reykjavik $7,407
Osório $1,943

Living in Reykjavik is roughly 363% more expensive than in Osório, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 196% above, Osório is 36% below.

Meal at Budget Restaurant

$31.56 ISK 3,834

$8.25 R$41.40

282.55%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

$40.06 R$201

205.42%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,263

$6.83 R$34.28

293.27%

Cappuccino

$6.81 ISK 828

$2.61 R$13.09

160.92%

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

$3.39 ISK 411

$1.41 R$7.07

140.43%

Water (0.33 liter bottle)

$3.20 ISK 389

$1.11 R$5.55

188.29%

Local Beer (0.5 liter draught)

$14.14 ISK 1,717

$2.48 R$12.43

470.16%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,495

$3.08 R$15.48

299.68%

Milk (1 liter)

$2.10 ISK 255

$1.04 R$5.21

101.92%

White Bread (500g)

$4.19 ISK 509

$0.83 R$4.16

404.82%

Rice (white) (1kg)

$3.72 ISK 452

$1.13 R$5.69

229.20%

Eggs

$7.05 ISK 857

$2.45 R$12.29

187.76%

Local Cheese (1kg)

$21.56 ISK 2,619

$9.17 R$46.00

135.11%

Chicken Fillets (1kg)

$24.68 ISK 2,998

$4.88 R$24.51

405.74%

Beef Round Steak (1kg)

$42.19 ISK 5,125

$10.15 R$50.9

315.67%

Apples (1kg)

$3.23 ISK 393

$1.24 R$6.20

160.48%

Banana (1kg)

$2.73 ISK 332

$1.23 R$6.19

121.95%

Oranges (1kg)

$3.17 ISK 385

$0.58 R$2.93

446.55%

Tomato (1kg)

$6.61 ISK 804

$1.02 R$5.10

548.04%

Potato (1kg)

$3.85 ISK 467

$0.82 R$4.11

369.51%

Onion (1kg)

$1.66 ISK 201

$0.83 R$4.18

100.00%

Lettuce (1 head)

$3.80 ISK 462

$0.57 R$2.88

566.67%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.61 R$3.08

186.89%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,665

$2.54 R$12.76

439.76%

Wine (Bottle)

$24.21 ISK 2,942

$6.07 R$30.46

298.85%

Local Beer (0.5 liter bottle)

$3.53 ISK 429

$0.98 R$4.90

260.20%

Imported Beer (0.33 liter bottle)

$3.32 ISK 403

$2.23 R$11.19

48.88%

One-way Ticket (Public Transport)

$5.75 ISK 698

$1.15 R$5.79

400.00%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$39.02 R$196

140.42%

Taxi Start (Normal Tariff)

$6.61 ISK 804

$1.33 R$6.69

396.99%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.86 R$4.32

237.21%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,617

$8.40 R$42.14

842.38%

Gasoline (1 liter)

$2.09 ISK 254

$1.27 R$6.38

64.57%

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

$51.0K ISK 6.2M

$24.0K R$120.5K

112.37%

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

$53.3K ISK 6.5M

$33.3K R$167.0K

60.05%

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

$95.3 ISK 11.6K

$75.4 R$378

26.29%

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

$32.35 ISK 3,929

$12.34 R$61.9

162.16%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$21.91 R$110

299.54%

Gym Membership (Monthly)

$102 ISK 12.4K

$27.65 R$139

268.39%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,083

$31.38 R$157

59.59%

Cinema Ticket

$19.88 ISK 2,415

$7.53 R$37.78

164.01%

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

$1,194 ISK 145.0K

$569 R$2,857

109.70%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$7,242 R$36.3K

250.88%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$51.0 R$256

192.45%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,093

$59.4 R$298

12.25%

Sport Shoes (Adidas, Nike)

$180 ISK 21.9K

$105 R$524

72.08%

Men's Leather Business Shoes

$253 ISK 30.8K

$79.3 R$398

219.51%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.7K

$405 R$2,031

529.72%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.8K

$213 R$1,067

866.75%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.9K

$750 R$3,764

366.19%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.7K

$415 R$2,083

565.77%

Buy Apartment in City Center (m2)

$8,120 ISK 986.4K

$1,513 R$7,592

436.65%

Buy Apartment Outside City Center (m2)

$6,254 ISK 759.7K

$1,123 R$5,635

456.87%

Average Monthly Net Salary (After Tax)

$4,573 ISK 555.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.5

-23.39%

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

Last update for Reykjavik: October 12, 2026

Last update for Osório: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Osório

$213 24.6% 89.7% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Osório

$172 19.9% 72.4% $451

Eating Out

Reykjavik

$536 13.4%

Osório

$146 16.9% 72.7% $390

Clothing & Footwear

Reykjavik

$292 7.3%

Osório

$132 15.3% 54.7% $160

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Osório

$110 12.7% 49% $105

Sport & Entertainment

Reykjavik

$142 3.5%

Osório

$43 4.9% 69.8% $99

Getting Around

Reykjavik

$138 3.5%

Osório

$49 5.7% 64.3% $89

Cost Breakdown

A one-bedroom apartment in the center runs $2,549 in Reykjavik and $405 in Osório. Housing cost is often the main lever when comparing two cities.

Dining out: $122 in Reykjavik vs $40.00 in Osório for a mid-range dinner for two. Groceries echo the gap at $623 vs $172 per month, with Osório cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Osório

🕒 Local time

18:47 6:47 PM

15:47 3:47 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

47,396

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.35 EUR

1 BRL = 0.199 USD

1 BRL = 0.178 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 14, 2026: 1 USD = 121 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

Brazilian Real exchange rates as of October 14, 2026: 1 USD = 5.02 BRL (1 BRL = 0.199 USD). 1 EUR = 5.62 BRL (1 BRL = 0.178 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Osório 10,750 km ≈ 14 h nonstop flight

From you

Reykjavik
Osório

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 Osório: Cost of Living - Frequently Asked Questions

Osório wins on cost – living expenses run 363% lower than in Reykjavik. Housing and daily spending are where you'll feel the difference most, making Osório the obvious pick if budget is a priority.

You'd need roughly $6,003 in Reykjavik and $1,297 in Osório 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 $405 in Osório. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,194 in Reykjavik versus $569 in Osório. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 263% higher in Reykjavik. For households that cook at home regularly, that difference adds up over a month.

At $865 in Osório versus $4,002 in Reykjavik, a $1,000 budget is realistic in Osório but tight or insufficient in Reykjavik. The gap between the two cities makes Osório the clear choice for anyone on this budget.

Both work as nomad bases, but Osório delivers better value – similar infrastructure at $865 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Osório hard to pass up.

Safety-wise, Reykjavik and Osório 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 Osório gentler on the wallet – expenses run 363% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.