Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Rio Verde

For one person, living is cheaper in Rio Verde: $879 a month against $4,002 in Reykjavik, rent and utilities included – about $37,500 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
43

Cost of Living Index in Rio Verde
Learn more

Rio Verde Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Rio Verde

🇧🇷 Brazil

$879

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Rio Verde

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

A single person spends $4,002 per month in Reykjavik vs $879 in Rio Verde, rent included.

Reykjavik $4,002
Rio Verde $879

A couple spends around $5,705 per month in Reykjavik vs $1,365 in Rio Verde, rent included.

Reykjavik $5,705
Rio Verde $1,365

A family of three spends $7,407 per month in Reykjavik vs $1,852 in Rio Verde, rent included.

Reykjavik $7,407
Rio Verde $1,852

Reykjavik costs about 355% more than Rio Verde, and outside of rent the biggest gap is in eating out.

Reykjavik sits 196% above the global median, while Rio Verde is 35% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,834

$3.91 R$19.60

707.16%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

$15.98 R$80.2

665.64%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,263

$6.98 R$35.04

284.81%

Cappuccino

$6.81 ISK 828

$1.78 R$8.93

282.58%

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

$3.39 ISK 411

$0.98 R$4.93

245.92%

Water (0.33 liter bottle)

$3.20 ISK 389

$0.82 R$4.12

290.24%

Local Beer (0.5 liter draught)

$14.14 ISK 1,717

$2.65 R$13.32

433.58%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,495

$2.94 R$14.77

318.71%

Milk (1 liter)

$2.10 ISK 255

$0.95 R$4.76

121.05%

White Bread (500g)

$4.19 ISK 509

$1.67 R$8.37

150.90%

Rice (white) (1kg)

$3.72 ISK 452

$0.99 R$4.96

275.76%

Eggs

$7.05 ISK 857

$1.93 R$9.66

265.28%

Local Cheese (1kg)

$21.56 ISK 2,619

$7.85 R$39.38

174.65%

Chicken Fillets (1kg)

$24.68 ISK 2,998

$3.97 R$19.93

521.66%

Beef Round Steak (1kg)

$42.19 ISK 5,125

$6.54 R$32.83

545.11%

Apples (1kg)

$3.23 ISK 393

$1.63 R$8.20

98.16%

Banana (1kg)

$2.73 ISK 332

$1.74 R$8.73

56.90%

Oranges (1kg)

$3.17 ISK 385

$0.83 R$4.18

281.93%

Tomato (1kg)

$6.61 ISK 804

$1.96 R$9.83

237.24%

Potato (1kg)

$3.85 ISK 467

$1.16 R$5.83

231.90%

Onion (1kg)

$1.66 ISK 201

$1.53 R$7.69

8.50%

Lettuce (1 head)

$3.80 ISK 462

$0.83 R$4.14

357.83%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.79 R$3.94

121.52%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,665

$2.85 R$14.30

381.05%

Wine (Bottle)

$24.21 ISK 2,942

$10.61 R$53.2

128.18%

Local Beer (0.5 liter bottle)

$3.53 ISK 429

$2.09 R$10.47

68.90%

Imported Beer (0.33 liter bottle)

$3.32 ISK 403

$1.72 R$8.64

93.02%

One-way Ticket (Public Transport)

$5.75 ISK 698

$1.05 R$5.27

447.62%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$47.74 R$240

96.50%

Taxi Start (Normal Tariff)

$6.61 ISK 804

$1.33 R$6.65

396.99%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.11 R$5.59

161.26%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,617

$6.17 R$30.95

1182.98%

Gasoline (1 liter)

$2.09 ISK 254

$1.32 R$6.63

58.33%

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

$51.0K ISK 6.2M

$24.3K R$122.0K

109.84%

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

$53.3K ISK 6.5M

$32.9K R$165.0K

62.00%

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

$95.3 ISK 11.6K

$71.1 R$357

34.04%

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

$32.35 ISK 3,929

$14.00 R$70.2

131.07%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$21.58 R$108

305.65%

Gym Membership (Monthly)

$102 ISK 12.4K

$26.30 R$132

287.30%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,083

$29.37 R$147

70.51%

Cinema Ticket

$19.88 ISK 2,415

$10.16 R$51.0

95.67%

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

$1,194 ISK 145.0K

$419 R$2,104

184.67%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$8,298 R$41.6K

206.22%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$54.7 R$274

172.60%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,093

$69.2 R$347

-3.71%

Sport Shoes (Adidas, Nike)

$180 ISK 21.9K

$88.8 R$446

102.54%

Men's Leather Business Shoes

$253 ISK 30.8K

$105 R$527

141.32%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.7K

$359 R$1,804

609.15%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.8K

$237 R$1,189

767.47%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.9K

$664 R$3,334

426.40%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.7K

$480 R$2,408

475.84%

Buy Apartment in City Center (m2)

$8,120 ISK 986.4K

$1,849 R$9,277

339.17%

Buy Apartment Outside City Center (m2)

$6,254 ISK 759.7K

$1,072 R$5,381

483.13%

Average Monthly Net Salary (After Tax)

$4,573 ISK 555.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.95

-19.54%

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

Last update for Reykjavik: October 12, 2026

Last update for Rio Verde: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Rio Verde

$237 27% 88.5% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Rio Verde

$187 21.3% 70% $436

Eating Out

Reykjavik

$536 13.4%

Rio Verde

$100 11.4% 81.4% $437

Clothing & Footwear

Reykjavik

$292 7.3%

Rio Verde

$143 16.3% 51% $149

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Rio Verde

$107 12.1% 50.4% $108

Sport & Entertainment

Reykjavik

$142 3.5%

Rio Verde

$47 5.3% 67.1% $95

Getting Around

Reykjavik

$138 3.5%

Rio Verde

$59 6.7% 57.3% $79

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $359 in Rio Verde. 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 $122 in Reykjavik versus $16.00 in Rio Verde. Monthly groceries follow the same trend: $623 vs $187 – making Rio Verde the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇧🇷 Rio Verde

🕒 Local time

19:11 7:11 PM

16:11 4:11 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

225,696

💱 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 Rio Verde 9,440 km ≈ 12 h nonstop flight

From you

Reykjavik
Rio Verde

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 Rio Verde: Cost of Living - Frequently Asked Questions

Reykjavik costs about 355% more than Rio Verde, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $6,003 per month in Reykjavik and $1,318 in Rio Verde. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Rio Verde, 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 $4,002 in Reykjavik and $879 in Rio Verde. That's a gap of about 355%.

Public transport costs about 97% less in Rio Verde. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,000 monthly budget goes further in Rio Verde, where all-in costs run around $879, than in Reykjavik at $4,002. In Rio Verde it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Rio Verde costs $879 versus $4,002 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 Rio Verde. 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.