Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Santa Rita

For one person, living is cheaper in Santa Rita: $932 a month against $4,037 in Reykjavik, rent and utilities included – about $37,300 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Santa Rita

🇵🇾 Paraguay

$932

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Santa Rita

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

A single person spends $4,037 per month in Reykjavik vs $932 in Santa Rita, rent included.

Reykjavik $4,037
Santa Rita $932

A couple spends around $5,666 per month in Reykjavik vs $1,412 in Santa Rita, rent included.

Reykjavik $5,666
Santa Rita $1,412

A family of three spends $7,295 per month in Reykjavik vs $1,893 in Santa Rita, rent included.

Reykjavik $7,295
Santa Rita $1,893

Reykjavik costs about 333% more than Santa Rita, and outside of rent the biggest gap is in eating out.

Reykjavik sits 201% above the global median, while Santa Rita is 30% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$30.59 ISK 3,730

$3.43 ₲19.5K

791.84%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$33.54 ₲190.4K

304.03%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

Cappuccino

$6.72 ISK 819

$3.33 ₲18.9K

101.80%

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

$3.27 ISK 399

$0.87 ₲4,948

275.86%

Water (0.33 liter bottle)

$3.16 ISK 386

$0.49 ₲2,783

544.90%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$1.34 ₲7,583

800.00%

Milk (1 liter)

$2.04 ISK 248

$1.12 ₲6,371

82.14%

White Bread (500g)

$4.32 ISK 527

$1.82 ₲10.3K

137.36%

Rice (white) (1kg)

$3.67 ISK 447

$1.15 ₲6,553

219.13%

Eggs

$7.02 ISK 856

$2.74 ₲15.6K

156.20%

Local Cheese (1kg)

$22.01 ISK 2,684

$7.86 ₲44.6K

180.03%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$4.33 ₲24.6K

470.44%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$11.25 ₲63.9K

279.20%

Apples (1kg)

$3.37 ISK 412

$5.25 ₲29.8K

-35.81%

Banana (1kg)

$2.85 ISK 347

Oranges (1kg)

$3.17 ISK 387

$3.43 ₲19.5K

-7.58%

Tomato (1kg)

$6.39 ISK 779

$3.09 ₲17.5K

106.80%

Potato (1kg)

$4.01 ISK 489

$3.30 ₲18.7K

21.52%

Onion (1kg)

$1.64 ISK 200

$2.61 ₲14.8K

-37.16%

Lettuce (1 head)

$3.80 ISK 463

$0.81 ₲4,606

369.14%

Water (1.5 liter bottle)

$1.74 ISK 212

$1.40 ₲7,950

24.29%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

Wine (Bottle)

$23.38 ISK 2,851

$5.07 ₲28.8K

361.14%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$2.75 ₲15.6K

25.45%

One-way Ticket (Public Transport)

$5.77 ISK 704

$1.33 ₲7,530

333.83%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$40.55 ₲230.2K

134.62%

Taxi Start (Normal Tariff)

$6.63 ISK 808

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$4.37 ₲24.8K

-36.16%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$3.83 ₲21.7K

2024.54%

Gasoline (1 liter)

$2.11 ISK 257

$1.42 ₲8,087

48.59%

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

$50.8K ISK 6.2M

$9,647 ₲54.8M

426.78%

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

$52.7K ISK 6.4M

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

$88.7 ISK 10.8K

$105 ₲594.6K

-15.35%

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

$31.53 ISK 3,845

$23.85 ₲135.4K

32.20%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$37.63 ₲213.6K

124.93%

Gym Membership (Monthly)

$100 ISK 12.2K

$43.27 ₲245.6K

131.99%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

$25.68 ₲145.8K

87.69%

Cinema Ticket

$19.87 ISK 2,424

$8.31 ₲47.2K

139.11%

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

$1,277 ISK 155.8K

$77.2 ₲437.9K

1555.75%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$50.9 ₲288.9K

216.09%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$83.6 ₲474.7K

-22.40%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

Men's Leather Business Shoes

$254 ISK 31.0K

$68.9 ₲391.2K

268.37%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$346 ₲2.0M

623.19%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$254 ₲1.4M

689.00%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$421 ₲2.4M

719.56%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$340 ₲1.9M

707.33%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$514 ₲2.9M

812.88%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Reykjavik: October 4, 2026

Last update for Santa Rita: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Santa Rita

–

Groceries & Markets

Reykjavik

$625 15.9%

Santa Rita

–

Eating Out

Reykjavik

$526 13.4%

Santa Rita

–

Clothing & Footwear

Reykjavik

$298 7.6%

Santa Rita

–

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Santa Rita

–

Sport & Entertainment

Reykjavik

$140 3.6%

Santa Rita

–

Getting Around

Reykjavik

$139 3.5%

Santa Rita

–

Cost Breakdown

A central one-bedroom costs $2,499 in Reykjavik versus $346 in Santa Rita. 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 813% 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 $136 in Reykjavik versus $34.00 in Santa Rita. Monthly groceries follow the same trend: $625 vs $230 – making Santa Rita the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇵🇾 Santa Rita

🕒 Local time

07:46 7:46 AM

04:46 4:46 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

35,000

💱 Currency

Icelandic Króna ISK kr

Paraguayan Guarani PYG ₲

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 EUR

10,000 PYG = 1.76 USD

10,000 PYG = 1.57 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 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

Paraguayan Guarani exchange rates as of October 10, 2026: 1 USD = 5,676 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,366 PYG (10,000 PYG = 1.57 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Santa Rita 10,410 km ≈ 14 h nonstop flight

From you

Reykjavik
Santa Rita

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 Santa Rita: Cost of Living - Frequently Asked Questions

Reykjavik costs about 333% more than Santa Rita, 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 $6,055 per month in Reykjavik and $1,397 in Santa Rita. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Santa Rita, 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 $4,037 in Reykjavik and $932 in Santa Rita. That's a gap of about 333%.

Public transport costs about 135% less in Santa Rita. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Santa Rita, where all-in costs run around $932, than in Reykjavik at $4,037. In Santa Rita it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Santa Rita costs $932 versus $4,037 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 Santa Rita. 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.