Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Patos de Minas

For one person, living is cheaper in Patos de Minas: $875 a month against $4,023 in Reykjavik, rent and utilities included – about $37,800 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 Patos de Minas
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Patos de Minas Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Patos de Minas

🇧🇷 Brazil

$875

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Patos de Minas

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 Patos de Minas actually costs, broken down by who's living it.

A single person spends $4,023 per month in Reykjavik vs $875 in Patos de Minas, rent included.

Reykjavik $4,023
Patos de Minas $875

A couple spends around $5,708 per month in Reykjavik vs $1,393 in Patos de Minas, rent included.

Reykjavik $5,708
Patos de Minas $1,393

A family of three spends $7,393 per month in Reykjavik vs $1,911 in Patos de Minas, rent included.

Reykjavik $7,393
Patos de Minas $1,911

Reykjavik costs about 360% more than Patos de Minas, and outside of rent the biggest gap is in groceries.

Reykjavik sits 197% above the global median, while Patos de Minas is 35% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.00 ISK 3,760

$5.92 R$30.01

423.65%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$31.74 R$161

288.15%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$7.64 R$38.72

256.15%

Cappuccino

$6.90 ISK 837

$2.03 R$10.28

239.90%

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

$3.30 ISK 401

$1.30 R$6.57

153.85%

Water (0.33 liter bottle)

$3.16 ISK 384

$0.76 R$3.86

315.79%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$1.98 R$10.05

598.99%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$3.09 R$15.68

303.24%

Milk (1 liter)

$2.06 ISK 250

$1.06 R$5.38

94.34%

White Bread (500g)

$4.11 ISK 498

$1.65 R$8.38

149.09%

Rice (white) (1kg)

$3.68 ISK 446

$1.29 R$6.54

185.27%

Eggs

$7.27 ISK 882

$2.27 R$11.50

220.26%

Local Cheese (1kg)

$21.79 ISK 2,643

$9.19 R$46.61

137.11%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$4.36 R$22.08

449.31%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$8.68 R$44.00

377.30%

Apples (1kg)

$3.42 ISK 414

$2.16 R$10.93

58.33%

Banana (1kg)

$2.84 ISK 344

$1.27 R$6.42

123.62%

Oranges (1kg)

$3.23 ISK 391

$1.18 R$5.97

173.73%

Tomato (1kg)

$6.46 ISK 783

$1.57 R$7.97

311.46%

Potato (1kg)

$4.05 ISK 491

$1.27 R$6.41

218.90%

Onion (1kg)

$1.66 ISK 202

$1.13 R$5.72

46.90%

Lettuce (1 head)

$3.86 ISK 468

$0.78 R$3.94

394.87%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.81 R$4.11

127.16%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.48 R$12.57

462.90%

Wine (Bottle)

$23.76 ISK 2,882

$8.18 R$41.46

190.46%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.35 R$6.83

162.22%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.07 R$10.51

66.18%

One-way Ticket (Public Transport)

$5.81 ISK 705

$1.04 R$5.29

458.65%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$43.23 R$219

120.52%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.27 R$6.45

429.13%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$0.85 R$4.32

230.59%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$8.28 R$41.98

882.37%

Gasoline (1 liter)

$2.12 ISK 257

$1.28 R$6.47

65.63%

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

$68.9K ISK 8.4M

$23.5K R$119.1K

193.29%

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

$55.8K ISK 6.8M

$32.5K R$164.9K

71.55%

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

$95.8 ISK 11.6K

$75.4 R$382

27.05%

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

$33.11 ISK 4,016

$12.30 R$62.3

169.19%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$21.57 R$109

304.03%

Gym Membership (Monthly)

$101 ISK 12.3K

$25.57 R$130

295.31%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$27.23 R$138

86.34%

Cinema Ticket

$19.85 ISK 2,407

$7.37 R$37.35

169.34%

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

$1,195 ISK 144.9K

$280 R$1,420

326.41%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$7,243 R$36.7K

262.03%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$56.9 R$289

160.38%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$50.9 R$258

31.24%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$88.5 R$449

110.78%

Men's Leather Business Shoes

$253 ISK 30.6K

$71.9 R$364

251.46%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$362 R$1,836

611.90%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$239 R$1,209

772.08%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$681 R$3,452

407.35%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$468 R$2,370

488.54%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,743 R$8,834

355.22%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,210 R$6,131

427.26%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

$406 R$2,060

1055.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

-19.91%

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

Last update for Reykjavik: October 20, 2026

Last update for Patos de Minas: October 17, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Patos de Minas

$239 27.3% 88.5% $1.8K

Groceries & Markets

Reykjavik

$619 15.4%

Patos de Minas

$194 22.2% 68.7% $425

Eating Out

Reykjavik

$532 13.2%

Patos de Minas

$119 13.6% 77.7% $413

Clothing & Footwear

Reykjavik

$294 7.3%

Patos de Minas

$121 13.8% 59% $174

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Patos de Minas

$109 12.5% 49.4% $107

Sport & Entertainment

Reykjavik

$141 3.5%

Patos de Minas

$40 4.6% 71.4% $100

Getting Around

Reykjavik

$139 3.5%

Patos de Minas

$53 6.1% 62% $86

Cost Breakdown

A central one-bedroom costs $2,579 in Reykjavik versus $362 in Patos de Minas. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 1055% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $123 in Reykjavik versus $32.00 in Patos de Minas. Monthly groceries follow the same trend: $619 vs $194 – making Patos de Minas the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇧🇷 Patos de Minas

🕒 Local time

06:52 6:52 AM

03:52 3:52 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

159,235

💱 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 Patos de Minas 9,440 km ≈ 12 h nonstop flight

From you

Reykjavik
Patos de Minas

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 Patos de Minas: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,023 in Reykjavik, $875 in Patos de Minas – roughly 360% apart. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $6,034 per month in Reykjavik and $1,312 in Patos de Minas. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Public transport costs about 121% less in Patos de Minas. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $1,195 per month in Reykjavik and $280 in Patos de Minas. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Patos de Minas, where all-in costs run around $875, than in Reykjavik at $4,023. In Patos de Minas it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

It depends on your priorities. Reykjavik has an edge in some lifestyle areas, with costs from $875 in Patos de Minas to $4,023 in Reykjavik. Climate, culture, job market, and personal taste all factor in.

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 Patos de Minas. 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.