Cost of Living Comparison Between Reykjavik and Selfoss Cost of Living Comparison Between Reykjavik and Selfoss

😐 Solo nomad: Reykjavik is 157.3% more expensive than Selfoss without rent, and 9.3% more expensive with rent.

😐 Family of 3: Reykjavik is 248.3% more expensive than Selfoss without rent, and 393.2% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,375

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.9K

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,778

$20.40 ISK 2,529

9.85%

Cappuccino

$5.94 ISK 737

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

$3.26 ISK 404

Water (0.33 liter bottle)

$2.54 ISK 315

Local Beer (0.5 liter draught)

$12.83 ISK 1,591

$11.87 ISK 1,472

8.09%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,421

Milk (1 liter)

$1.88 ISK 234

$1.75 ISK 217

7.43%

White Bread (500g)

$4.33 ISK 537

$7.34 ISK 910

-41.01%

Rice (white) (1kg)

$3.57 ISK 443

$4.34 ISK 538

-17.74%

Eggs

$6.56 ISK 813

$6.39 ISK 793

2.66%

Local Cheese (1kg)

$18.18 ISK 2,254

$16.74 ISK 2,075

8.60%

Chicken Fillets (1kg)

$24.52 ISK 3,040

$20.50 ISK 2,541

19.61%

Beef Round Steak (1kg)

$42.03 ISK 5,212

$32.61 ISK 4,044

28.89%

Apples (1kg)

$3.20 ISK 397

$2.77 ISK 344

15.52%

Banana (1kg)

$2.42 ISK 300

$2.61 ISK 324

-7.28%

Oranges (1kg)

$3.06 ISK 380

$2.69 ISK 334

13.75%

Tomato (1kg)

$4.86 ISK 603

$7.02 ISK 871

-30.77%

Potato (1kg)

$3.66 ISK 454

$3.20 ISK 397

14.37%

Onion (1kg)

$2.34 ISK 290

$2.03 ISK 252

15.27%

Lettuce (1 head)

$3.14 ISK 389

$3.58 ISK 444

-12.29%

Water (1.5 liter bottle)

$2.02 ISK 251

$1.33 ISK 165

51.88%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,725

$15.25 ISK 1,891

-8.79%

Wine (Bottle)

$23.74 ISK 2,944

Local Beer (0.5 liter bottle)

$3.69 ISK 458

Imported Beer (0.33 liter bottle)

$3.23 ISK 400

$1.10 ISK 137

193.64%

One-way Ticket (Public Transport)

$5.29 ISK 656

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 10.9K

Taxi Start (Normal Tariff)

$6.54 ISK 811

Taxi (Normal Tariff) (1km)

$2.60 ISK 323

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

Gasoline (1 liter)

$2.51 ISK 312

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

$47.1K ISK 5.8M

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

$52.6K ISK 6.5M

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

$89.2 ISK 11.1K

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

$27.07 ISK 3,356

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.4K

Gym Membership (Monthly)

$84.0 ISK 10.4K

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,722

Cinema Ticket

$17.42 ISK 2,160

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

$324 ISK 40.1K

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

Jeans (Levis 501 Or Similar)

$141 ISK 17.5K

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,765

Sport Shoes (Adidas, Nike)

$183 ISK 22.7K

Men's Leather Business Shoes

$268 ISK 33.2K

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 272.4K

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 254.6K

$2,844 ISK 352.6K

-27.81%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 391.6K

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 338.3K

Buy Apartment in City Center (m2)

$7,833 ISK 971.2K

Buy Apartment Outside City Center (m2)

$6,268 ISK 777.2K

Average Monthly Net Salary (After Tax)

$4,471 ISK 554.4K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Reykjavik: March 3, 2026

Last update for Selfoss: March 1, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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