Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Passo Fundo

For one person, living is cheaper in Passo Fundo: $891 a month against $4,002 in Reykjavik, rent and utilities included – about $37,300 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 Passo Fundo
Learn more

Passo Fundo Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Passo Fundo

🇧🇷 Brazil

$891

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Passo Fundo

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

Monthly costs for one person with rent: $4,002 in Reykjavik versus $891 in Passo Fundo.

Reykjavik $4,002
Passo Fundo $891

Estimated couple costs with rent: $5,705 in Reykjavik versus $1,545 in Passo Fundo.

Reykjavik $5,705
Passo Fundo $1,545

Monthly costs for a family of three with rent: $7,407 in Reykjavik versus $2,200 in Passo Fundo.

Reykjavik $7,407
Passo Fundo $2,200

Living in Reykjavik is roughly 349% more expensive than in Passo Fundo, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Reykjavik is 196% above, Passo Fundo is 34% below.

Meal at Budget Restaurant

$31.56 ISK 3,828

$5.89 R$29.87

435.82%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$32.63 R$165

274.96%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$7.05 R$35.74

280.99%

Cappuccino

$6.81 ISK 827

$2.03 R$10.28

235.47%

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

$3.39 ISK 411

$1.43 R$7.25

137.06%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.90 R$4.55

255.56%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$2.35 R$11.92

501.70%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$2.99 R$15.13

311.71%

Milk (1 liter)

$2.10 ISK 255

$0.99 R$5.02

112.12%

White Bread (500g)

$4.19 ISK 508

$1.73 R$8.77

142.20%

Rice (white) (1kg)

$3.72 ISK 451

$0.83 R$4.22

348.19%

Eggs

$7.05 ISK 856

$2.35 R$11.92

200.00%

Local Cheese (1kg)

$21.56 ISK 2,615

$10.40 R$52.7

107.31%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$4.82 R$24.46

412.03%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$9.88 R$50.1

327.02%

Apples (1kg)

$3.23 ISK 392

$2.38 R$12.06

35.71%

Banana (1kg)

$2.73 ISK 331

$1.18 R$5.96

131.36%

Oranges (1kg)

$3.17 ISK 384

$1.03 R$5.20

207.77%

Tomato (1kg)

$6.61 ISK 802

$1.29 R$6.53

412.40%

Potato (1kg)

$3.85 ISK 467

$1.21 R$6.13

218.18%

Onion (1kg)

$1.66 ISK 201

$1.14 R$5.76

45.61%

Lettuce (1 head)

$3.80 ISK 461

$0.87 R$4.39

336.78%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.77 R$3.92

127.27%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$2.55 R$12.94

437.65%

Wine (Bottle)

$24.21 ISK 2,937

$8.06 R$40.85

200.37%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.12 R$5.67

215.18%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.20 R$11.15

50.91%

One-way Ticket (Public Transport)

$5.75 ISK 697

$1.23 R$6.25

367.48%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$53.4 R$271

75.67%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.27 R$6.45

420.47%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.80 R$4.03

262.50%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$8.13 R$41.22

873.68%

Gasoline (1 liter)

$2.09 ISK 253

$1.24 R$6.31

68.55%

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

$51.0K ISK 6.2M

$23.5K R$119.1K

117.04%

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

$53.3K ISK 6.5M

$33.4K R$169.3K

59.54%

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

$95.3 ISK 11.6K

$75.9 R$385

25.47%

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

$32.35 ISK 3,923

$8.78 R$44.51

268.45%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$21.42 R$109

308.68%

Gym Membership (Monthly)

$102 ISK 12.4K

$28.35 R$144

259.29%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$17.72 R$89.8

182.62%

Cinema Ticket

$19.88 ISK 2,412

$6.68 R$33.88

197.60%

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

$1,194 ISK 144.8K

$187 R$950

537.13%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$7,208 R$36.5K

252.51%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$49.77 R$252

199.44%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$57.5 R$292

15.78%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$105 R$530

72.08%

Men's Leather Business Shoes

$253 ISK 30.7K

$78.2 R$396

223.92%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$317 R$1,608

703.51%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$230 R$1,166

794.06%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$806 R$4,083

334.20%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$705 R$3,574

292.04%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$1,995 R$10.1K

307.07%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,816 R$9,203

244.46%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$707 R$3,584

546.79%

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 Passo Fundo: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Passo Fundo

$230 25.8% 88.8% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Passo Fundo

$199 22.4% 68% $424

Eating Out

Reykjavik

$536 13.4%

Passo Fundo

$120 13.4% 77.7% $417

Clothing & Footwear

Reykjavik

$292 7.3%

Passo Fundo

$131 14.7% 55.3% $161

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Passo Fundo

$106 11.9% 50.7% $109

Sport & Entertainment

Reykjavik

$142 3.5%

Passo Fundo

$42 4.7% 70.6% $100

Getting Around

Reykjavik

$138 3.5%

Passo Fundo

$64 7.1% 53.9% $74

Cost Breakdown

A one-bedroom apartment in the center runs $2,549 in Reykjavik and $317 in Passo Fundo. Housing cost is often the main lever when comparing two cities.

Reykjavik pays 547% 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: $122 in Reykjavik vs $33.00 in Passo Fundo for a mid-range dinner for two. Groceries echo the gap at $623 vs $199 per month, with Passo Fundo cheaper across the board.

Good to know

🇮🇸 Reykjavik

🇧🇷 Passo Fundo

🕒 Local time

11:05 11:05 AM

08:05 8:05 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

206,215

💱 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 18, 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 18, 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

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Between locations

Reykjavik Passo Fundo 10,610 km ≈ 14 h nonstop flight

From you

Reykjavik
Passo Fundo

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 Passo Fundo: Cost of Living - Frequently Asked Questions

Passo Fundo is cheaper overall, especially in groceries, eating out, and clothing. The 349% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 547% 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: $2,549 in Reykjavik versus $317 in Passo Fundo. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Passo Fundo – a meal for two runs $33.00 versus $122 in Reykjavik. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $4,002 per month in Reykjavik versus $891 in Passo Fundo – a 349% gap that adds up to real savings over time for anyone picking the cheaper option.

At $891 in Passo Fundo versus $4,002 in Reykjavik, a $1,500 budget is realistic in Passo Fundo but tight or insufficient in Reykjavik. The gap between the two cities makes Passo Fundo the clear choice for anyone on this budget.

For families, Passo Fundo is more practical. Housing and childcare are both notably cheaper than in Reykjavik, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Reykjavik and Passo Fundo 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 Passo Fundo gentler on the wallet – expenses run 349% less than in Reykjavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.