Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and San Lorenzo

For one person, living is cheaper in San Lorenzo: $582 a month against $4,002 in Reykjavik, rent and utilities included – about $41,000 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
28

Cost of Living Index in San Lorenzo
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San Lorenzo Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

San Lorenzo

🇵🇾 Paraguay

$582

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in San Lorenzo

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

A single person spends $4,002 per month in Reykjavik vs $582 in San Lorenzo, rent included.

Reykjavik $4,002
San Lorenzo $582

A couple spends around $5,705 per month in Reykjavik vs $992 in San Lorenzo, rent included.

Reykjavik $5,705
San Lorenzo $992

A family of three spends $7,407 per month in Reykjavik vs $1,402 in San Lorenzo, rent included.

Reykjavik $7,407
San Lorenzo $1,402

Reykjavik costs about 587% more than San Lorenzo, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while San Lorenzo is 57% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$6.86 ₲39.0K

360.06%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$43.70 ₲248.5K

179.98%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$6.90 ₲39.2K

289.28%

Cappuccino

$6.81 ISK 827

$3.45 ₲19.6K

97.39%

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

$3.39 ISK 411

$1.07 ₲6,076

216.82%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.58 ₲3,290

451.72%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$1.98 ₲11.2K

614.14%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$1.74 ₲9,912

607.47%

Milk (1 liter)

$2.10 ISK 255

$1.18 ₲6,709

77.97%

White Bread (500g)

$4.19 ISK 508

$1.03 ₲5,841

306.80%

Rice (white) (1kg)

$3.72 ISK 451

$1.38 ₲7,863

169.57%

Eggs

$7.05 ISK 856

$2.41 ₲13.7K

192.53%

Local Cheese (1kg)

$21.56 ISK 2,615

$5.16 ₲29.3K

317.83%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$2.27 ₲12.9K

987.22%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$6.99 ₲39.7K

503.58%

Apples (1kg)

$3.23 ISK 392

$2.32 ₲13.2K

39.22%

Banana (1kg)

$2.73 ISK 331

$1.25 ₲7,092

118.40%

Oranges (1kg)

$3.17 ISK 384

$1.02 ₲5,809

210.78%

Tomato (1kg)

$6.61 ISK 802

$1.22 ₲6,939

441.80%

Potato (1kg)

$3.85 ISK 467

$1.07 ₲6,110

259.81%

Onion (1kg)

$1.66 ISK 201

$0.92 ₲5,210

80.43%

Lettuce (1 head)

$3.80 ISK 461

$0.46 ₲2,635

726.09%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.54 ₲3,096

224.07%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$2.31 ₲13.1K

493.51%

Wine (Bottle)

$24.21 ISK 2,937

$3.97 ₲22.6K

509.82%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$0.65 ₲3,698

443.08%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$0.91 ₲5,185

264.84%

One-way Ticket (Public Transport)

$5.75 ISK 697

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$35.47 ₲201.7K

164.48%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.47 ₲8,361

349.66%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.55 ₲8,836

87.10%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$4.07 ₲23.1K

1844.96%

Gasoline (1 liter)

$2.09 ISK 253

$1.28 ₲7,304

63.28%

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

$51.0K ISK 6.2M

$17.4K ₲99.2M

192.56%

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

$53.3K ISK 6.5M

$35.1K ₲199.7M

51.66%

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

$95.3 ISK 11.6K

$52.1 ₲296.1K

82.91%

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

$32.35 ISK 3,923

$17.41 ₲99.0K

85.81%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$22.99 ₲130.8K

280.77%

Gym Membership (Monthly)

$102 ISK 12.4K

$21.48 ₲122.2K

374.21%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$12.11 ₲68.9K

313.54%

Cinema Ticket

$19.88 ISK 2,412

$4.37 ₲24.9K

354.92%

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

$1,194 ISK 144.8K

$185 ₲1.0M

546.90%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$5,735 ₲32.6M

343.05%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$63.9 ₲363.4K

133.15%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$58.7 ₲333.6K

13.57%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$110 ₲624.8K

63.71%

Men's Leather Business Shoes

$253 ISK 30.7K

$72.2 ₲410.4K

250.89%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.15

-13.20%

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

Last update for Reykjavik: October 12, 2026

Last update for San Lorenzo: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

San Lorenzo

- * 0% 100%

Groceries & Markets

Reykjavik

$623 15.6%

San Lorenzo

$141 24.2% 77.4% $482

Eating Out

Reykjavik

$536 13.4%

San Lorenzo

$137 23.5% 74.5% $400

Clothing & Footwear

Reykjavik

$292 7.3%

San Lorenzo

$137 23.6% 53% $155

Monthly Utilities & Internet

Reykjavik

$215 5.4%

San Lorenzo

$92 15.9% 57% $123

Sport & Entertainment

Reykjavik

$142 3.5%

San Lorenzo

$30 5.2% 78.7% $111

Getting Around

Reykjavik

$138 3.5%

San Lorenzo

$45 * 7.7% 67.6% $93

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

Cost Breakdown

A mid-range dinner for two costs $122 in Reykjavik versus $44.00 in San Lorenzo. Monthly groceries follow the same trend: $623 vs $141 – making San Lorenzo the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇵🇾 San Lorenzo

🕒 Local time

22:21 10:21 PM

19:21 7:21 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

489,000

💱 Currency

Icelandic Króna ISK kr

Paraguayan Guarani PYG ₲

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 PYG = 1.76 USD

10,000 PYG = 1.56 EUR

Exchange rates and currency converter

PYG, 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).

Paraguayan Guarani exchange rates as of October 17, 2026: 1 USD = 5,686 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,393 PYG (10,000 PYG = 1.56 EUR).

USD to ISK in detail →

On the map

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Between locations

Reykjavik San Lorenzo 10,420 km ≈ 14 h nonstop flight

From you

Reykjavik
San Lorenzo

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 San Lorenzo: Cost of Living - Frequently Asked Questions

Reykjavik costs about 587% more than San Lorenzo, and outside of rent the gap comes mainly from groceries. 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 $873 in San Lorenzo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $4,002 in Reykjavik and $582 in San Lorenzo. That's a gap of about 587%.

Public transport costs about 164% less in San Lorenzo. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,000 monthly budget goes further in San Lorenzo, where all-in costs run around $582, than in Reykjavik at $4,002. In San Lorenzo it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. San Lorenzo costs $582 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 San Lorenzo. 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.