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

😐 Solo nomad: Reykjavik is 206% more expensive than Selfoss without rent, and 9.1% more expensive with rent.

😐 Family of 3: Reykjavik is 176.8% more expensive than Selfoss without rent, and 398.2% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$20.36 ISK 2,565

9.97%

Cappuccino

$6.06 ISK 764

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

$3.28 ISK 414

Water (0.33 liter bottle)

$2.62 ISK 330

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$12.28 ISK 1,547

6.03%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

Milk (1 liter)

$1.87 ISK 235

$1.75 ISK 220

6.86%

White Bread (500g)

$4.32 ISK 544

$7.22 ISK 909

-40.17%

Rice (white) (1kg)

$3.71 ISK 468

$4.53 ISK 571

-18.10%

Eggs

$6.52 ISK 821

$6.42 ISK 809

1.56%

Local Cheese (1kg)

$18.16 ISK 2,288

$16.70 ISK 2,103

8.74%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$20.67 ISK 2,603

15.29%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$33.43 ISK 4,212

28.12%

Apples (1kg)

$3.37 ISK 424

$2.64 ISK 332

27.65%

Banana (1kg)

$2.50 ISK 315

$2.55 ISK 321

-1.96%

Oranges (1kg)

$3.03 ISK 382

$2.60 ISK 327

16.54%

Tomato (1kg)

$4.98 ISK 627

$7.10 ISK 894

-29.86%

Potato (1kg)

$3.66 ISK 461

$3.11 ISK 392

17.68%

Onion (1kg)

$2.40 ISK 302

$2.11 ISK 265

13.74%

Lettuce (1 head)

$3.06 ISK 386

$3.56 ISK 448

-14.04%

Water (1.5 liter bottle)

$2.01 ISK 253

$1.38 ISK 173

45.65%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$15.43 ISK 1,944

-10.43%

Wine (Bottle)

$23.58 ISK 2,971

Local Beer (0.5 liter bottle)

$3.55 ISK 447

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$1.09 ISK 138

197.25%

One-way Ticket (Public Transport)

$5.19 ISK 654

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

Taxi Start (Normal Tariff)

$6.18 ISK 778

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

Gasoline (1 liter)

$2.56 ISK 322

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

$48.0K ISK 6.0M

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

$52.5K ISK 6.6M

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

$88.6 ISK 11.2K

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

$27.96 ISK 3,522

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

Gym Membership (Monthly)

$81.7 ISK 10.3K

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

Cinema Ticket

$17.53 ISK 2,208

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

$316 ISK 39.7K

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

Men's Leather Business Shoes

$264 ISK 33.2K

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$2,944 ISK 370.9K

-30.46%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

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: January 10, 2026

Last update for Selfoss: January 13, 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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