Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Paso de los Libres

For one person, living is cheaper in Paso de los Libres: $1,164 a month against $4,037 in Reykjavik, rent and utilities included – about $34,500 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
55

Cost of Living Index in Paso de los Libres
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Paso de los Libres Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Paso de los Libres

🇦🇷 Argentina

$1,164

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Paso de los Libres

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 Paso de los Libres actually costs, broken down by who's living it.

A single person spends $4,037 per month in Reykjavik vs $1,164 in Paso de los Libres, rent included.

Reykjavik $4,037
Paso de los Libres $1,164

A couple spends around $5,666 per month in Reykjavik vs $1,891 in Paso de los Libres, rent included.

Reykjavik $5,666
Paso de los Libres $1,891

A family of three spends $7,295 per month in Reykjavik vs $2,618 in Paso de los Libres, rent included.

Reykjavik $7,295
Paso de los Libres $2,618

Reykjavik costs about 247% more than Paso de los Libres, and outside of rent the biggest gap is in groceries.

Reykjavik sits 201% above the global median, while Paso de los Libres is 13% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$30.59 ISK 3,730

$15.24 ARS 23.1K

100.72%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$56.4 ARS 85.4K

140.48%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$12.96 ARS 19.6K

108.95%

Cappuccino

$6.72 ISK 819

$3.73 ARS 5,653

80.16%

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

$3.27 ISK 399

$2.31 ARS 3,503

41.56%

Water (0.33 liter bottle)

$3.16 ISK 386

$1.79 ARS 2,719

76.54%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$3.90 ARS 5,920

256.67%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$4.04 ARS 6,129

198.51%

Milk (1 liter)

$2.04 ISK 248

$1.33 ARS 2,022

53.38%

White Bread (500g)

$4.32 ISK 527

$2.21 ARS 3,354

95.48%

Rice (white) (1kg)

$3.67 ISK 447

$1.88 ARS 2,858

95.21%

Eggs

$7.02 ISK 856

$2.57 ARS 3,891

173.15%

Local Cheese (1kg)

$22.01 ISK 2,684

$10.45 ARS 15.9K

110.62%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$7.24 ARS 11.0K

241.16%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$11.90 ARS 18.1K

258.49%

Apples (1kg)

$3.37 ISK 412

$2.46 ARS 3,735

36.99%

Banana (1kg)

$2.85 ISK 347

$2.23 ARS 3,385

27.80%

Oranges (1kg)

$3.17 ISK 387

$1.47 ARS 2,223

115.65%

Tomato (1kg)

$6.39 ISK 779

$2.52 ARS 3,823

153.57%

Potato (1kg)

$4.01 ISK 489

Onion (1kg)

$1.64 ISK 200

$1.15 ARS 1,749

42.61%

Lettuce (1 head)

$3.80 ISK 463

Water (1.5 liter bottle)

$1.74 ISK 212

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$3.45 ARS 5,230

300.00%

Wine (Bottle)

$23.38 ISK 2,851

$5.09 ARS 7,722

359.33%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

One-way Ticket (Public Transport)

$5.77 ISK 704

$1.04 ARS 1,581

454.81%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

Taxi Start (Normal Tariff)

$6.63 ISK 808

$1.63 ARS 2,471

306.75%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

Gasoline (1 liter)

$2.11 ISK 257

$1.22 ARS 1,854

72.95%

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

$50.8K ISK 6.2M

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

$52.7K ISK 6.4M

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

$88.7 ISK 10.8K

$109 ARS 164.7K

-18.34%

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

$31.53 ISK 3,845

$17.50 ARS 26.5K

80.17%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$28.45 ARS 43.1K

197.50%

Gym Membership (Monthly)

$100 ISK 12.2K

$30.99 ARS 47.0K

223.91%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$19.87 ISK 2,424

$9.22 ARS 14.0K

115.51%

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

$1,277 ISK 155.8K

$297 ARS 450.9K

329.66%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$101 ARS 153.0K

59.41%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$120 ARS 181.7K

52.42%

Men's Leather Business Shoes

$254 ISK 31.0K

$133 ARS 201.6K

91.02%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$481 ARS 729.9K

419.29%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$316 ARS 479.7K

532.31%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$918 ARS 1.4M

275.90%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$739 ARS 1.1M

271.28%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Reykjavik: October 4, 2026

Last update for Paso de los Libres: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Paso de los Libres

$316 27.6% 84.2% $1.7K

Groceries & Markets

Reykjavik

$625 15.9%

Paso de los Libres

$213 * 18.6% 65.9% $412

Eating Out

Reykjavik

$526 13.4%

Paso de los Libres

$250 21.7% 52.5% $276

Clothing & Footwear

Reykjavik

$298 7.6%

Paso de los Libres

$159 * 13.9% 46.6% $139

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Paso de los Libres

$155 13.5% 24.6% $50

Sport & Entertainment

Reykjavik

$140 3.6%

Paso de los Libres

$49 4.3% 64.7% $91

Getting Around

Reykjavik

$139 3.5%

Paso de los Libres

$5.8 * 0.5% 95.8% $133

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

Cost Breakdown

A central one-bedroom costs $2,499 in Reykjavik versus $481 in Paso de los Libres. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $136 in Reykjavik versus $56.0 in Paso de los Libres. Monthly groceries follow the same trend: $625 vs $213 – making Paso de los Libres the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇦🇷 Paso de los Libres

🕒 Local time

12:29 12:29 PM

09:29 9:29 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

43,251

💱 Currency

Icelandic Króna ISK kr

Argentine Peso ARS $

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

10,000 ARS = 6.59 USD

10,000 ARS = 5.88 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 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

Argentine Peso exchange rates as of October 10, 2026: 1 USD = 1,517 ARS (10,000 ARS = 6.59 USD). 1 EUR = 1,699 ARS (10,000 ARS = 5.88 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik Paso de los Libres 10,880 km ≈ 14 h nonstop flight

From you

Reykjavik
Paso de los Libres

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 Paso de los Libres: Cost of Living - Frequently Asked Questions

Yes – Reykjavik is pricier by about 247%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $6,055 per month in Reykjavik and $1,746 in Paso de los Libres. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Paso de los Libres, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $4,037 in Reykjavik and $1,164 in Paso de los Libres. That's a gap of about 247%.

Kindergarten costs $1,277 per month in Reykjavik and $297 in Paso de los Libres. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Paso de los Libres, where all-in costs run around $1,164, than in Reykjavik at $4,037. In Paso de los Libres it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

Families tend to lean toward Paso de los Libres – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Paso de los Libres. If higher salaries, better infrastructure, or specific career opportunities are the priority, Reykjavik makes more sense. Both are solid long-term options with distinct trade-offs.