Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Rancagua

For one person, living is cheaper in Rancagua: $946 a month against $4,002 in Reykjavik, rent and utilities included – about $36,700 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
46

Cost of Living Index in Rancagua
Learn more

Rancagua Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Rancagua

🇨🇱 Chile

$946

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Rancagua

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

A single person spends $4,002 per month in Reykjavik vs $946 in Rancagua, rent included.

Reykjavik $4,002
Rancagua $946

A couple spends around $5,705 per month in Reykjavik vs $1,484 in Rancagua, rent included.

Reykjavik $5,705
Rancagua $1,484

A family of three spends $7,407 per month in Reykjavik vs $2,021 in Rancagua, rent included.

Reykjavik $7,407
Rancagua $2,021

Reykjavik costs about 323% more than Rancagua, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Rancagua is 30% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$8.61 CLP 8,477

266.55%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$27.91 CLP 27.5K

338.37%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$5.71 CLP 5,617

370.40%

Cappuccino

$6.81 ISK 827

$2.35 CLP 2,314

189.79%

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

$3.39 ISK 411

$1.00 CLP 981

239.00%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.80 CLP 791

300.00%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$3.78 CLP 3,721

274.07%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$2.88 CLP 2,836

327.43%

Milk (1 liter)

$2.10 ISK 255

$1.02 CLP 1,004

105.88%

White Bread (500g)

$4.19 ISK 508

$1.16 CLP 1,139

261.21%

Rice (white) (1kg)

$3.72 ISK 451

$1.56 CLP 1,533

138.46%

Eggs

$7.05 ISK 856

$3.00 CLP 2,955

135.00%

Local Cheese (1kg)

$21.56 ISK 2,615

$9.88 CLP 9,725

118.22%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$3.74 CLP 3,686

559.89%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$11.22 CLP 11.0K

276.02%

Apples (1kg)

$3.23 ISK 392

$1.46 CLP 1,434

121.23%

Banana (1kg)

$2.73 ISK 331

$1.95 CLP 1,915

40.00%

Oranges (1kg)

$3.17 ISK 384

$1.77 CLP 1,746

79.10%

Tomato (1kg)

$6.61 ISK 802

$1.21 CLP 1,189

446.28%

Potato (1kg)

$3.85 ISK 467

$0.83 CLP 818

363.86%

Onion (1kg)

$1.66 ISK 201

$1.49 CLP 1,467

11.41%

Lettuce (1 head)

$3.80 ISK 461

$1.22 CLP 1,203

211.48%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.16 CLP 1,138

50.86%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$4.56 CLP 4,492

200.66%

Wine (Bottle)

$24.21 ISK 2,937

$4.28 CLP 4,210

465.65%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.43 CLP 1,407

146.85%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.33 CLP 2,296

42.49%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.79 CLP 777

627.85%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

$2.01 CLP 1,981

228.86%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.53 CLP 526

447.17%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$20.53 CLP 20.2K

285.58%

Gasoline (1 liter)

$2.09 ISK 253

$1.37 CLP 1,346

52.55%

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

$51.0K ISK 6.2M

$13.2K CLP 13.0M

285.92%

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

$53.3K ISK 6.5M

$14.9K CLP 14.6M

258.49%

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

$95.3 ISK 11.6K

$101 CLP 99.6K

-5.89%

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

$32.35 ISK 3,923

$10.91 CLP 10.7K

196.52%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$16.82 CLP 16.6K

420.45%

Gym Membership (Monthly)

$102 ISK 12.4K

$31.99 CLP 31.5K

218.41%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$11.72 CLP 11.5K

327.30%

Cinema Ticket

$19.88 ISK 2,412

$5.18 CLP 5,095

283.78%

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

$1,194 ISK 144.8K

$288 CLP 283.2K

315.08%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$3,949 CLP 3.9M

543.45%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$46.65 CLP 45.9K

219.46%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$26.90 CLP 26.5K

147.66%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$59.6 CLP 58.6K

202.01%

Men's Leather Business Shoes

$253 ISK 30.7K

$62.3 CLP 61.3K

306.35%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$486 CLP 478.7K

424.20%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$334 CLP 329.2K

514.75%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$811 CLP 798.7K

331.08%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$675 CLP 664.9K

309.17%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$1,509 CLP 1.5M

438.01%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,557 CLP 1.5M

301.53%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$519 CLP 510.8K

781.25%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

7.5

17.47%

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

Last update for Reykjavik: October 12, 2026

Last update for Rancagua: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Rancagua

$334 35.3% 83.7% $1.7K

Groceries & Markets

Reykjavik

$623 15.6%

Rancagua

$199 21% 68.1% $424

Eating Out

Reykjavik

$536 13.4%

Rancagua

$146 15.4% 72.8% $390

Clothing & Footwear

Reykjavik

$292 7.3%

Rancagua

$88 9.3% 69.9% $204

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Rancagua

$129 13.6% 40.1% $86

Sport & Entertainment

Reykjavik

$142 3.5%

Rancagua

$42 4.5% 70.1% $99

Getting Around

Reykjavik

$138 3.5%

Rancagua

$7.8 * 0.8% 94.3% $130

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

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $486 in Rancagua. 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 781% 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 $122 in Reykjavik versus $28.00 in Rancagua. Monthly groceries follow the same trend: $623 vs $199 – making Rancagua the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇨🇱 Rancagua

🕒 Local time

21:13 9:13 PM

18:13 6:13 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

231,370

💱 Currency

Icelandic Króna ISK kr

Chilean Peso CLP $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 EUR

Exchange rates and currency converter

CLP, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 17, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Chilean Peso exchange rates as of October 17, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Rancagua 11,730 km ≈ 15 h nonstop flight

From you

Reykjavik
Rancagua

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 Rancagua: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,002 in Reykjavik, $946 in Rancagua – roughly 323% apart. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $1,419 in Rancagua. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

A mid-range dinner for two costs $122 in Reykjavik and $28.00 in Rancagua. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 213% more in Reykjavik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Rancagua, where all-in costs run around $946, than in Reykjavik at $4,002. In Rancagua 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 $946 in Rancagua to $4,002 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 Rancagua. 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.