Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Tacuarembo

For one person, living is cheaper in Tacuarembo: $766 a month against $4,002 in Reykjavik, rent and utilities included – about $38,800 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
Learn more

Reykjavik Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Tacuarembo

🇺🇾 Uruguay

$766

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Tacuarembo

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

A single person spends $4,002 per month in Reykjavik vs $766 in Tacuarembo, rent included.

Reykjavik $4,002
Tacuarembo $766

A couple spends around $5,705 per month in Reykjavik vs $1,084 in Tacuarembo, rent included.

Reykjavik $5,705
Tacuarembo $1,084

A family of three spends $7,407 per month in Reykjavik vs $1,403 in Tacuarembo, rent included.

Reykjavik $7,407
Tacuarembo $1,403

Reykjavik costs about 423% more than Tacuarembo, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Tacuarembo is 43% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$17.54 UYU 704

79.93%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$29.48 UYU 1,183

315.03%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

Cappuccino

$6.81 ISK 827

$1.96 UYU 78.6

247.45%

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

$3.39 ISK 411

$1.01 UYU 40.48

235.64%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.78 UYU 31.15

310.26%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

Milk (1 liter)

$2.10 ISK 255

$1.30 UYU 52.3

61.54%

White Bread (500g)

$4.19 ISK 508

$1.40 UYU 56.2

199.29%

Rice (white) (1kg)

$3.72 ISK 451

Eggs

$7.05 ISK 856

$3.18 UYU 128

121.70%

Local Cheese (1kg)

$21.56 ISK 2,615

$9.99 UYU 401

115.82%

Chicken Fillets (1kg)

$24.68 ISK 2,993

Beef Round Steak (1kg)

$42.19 ISK 5,117

Apples (1kg)

$3.23 ISK 392

Banana (1kg)

$2.73 ISK 331

Oranges (1kg)

$3.17 ISK 384

Tomato (1kg)

$6.61 ISK 802

Potato (1kg)

$3.85 ISK 467

Onion (1kg)

$1.66 ISK 201

Lettuce (1 head)

$3.80 ISK 461

$1.21 UYU 48.61

214.05%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.04 UYU 41.73

68.27%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

Wine (Bottle)

$24.21 ISK 2,937

$3.83 UYU 154

532.11%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.68 UYU 67.5

110.12%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.07 UYU 82.9

60.39%

One-way Ticket (Public Transport)

$5.75 ISK 697

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

Gasoline (1 liter)

$2.09 ISK 253

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

$51.0K ISK 6.2M

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

$53.3K ISK 6.5M

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

$95.3 ISK 11.6K

$297 UYU 11.9K

-67.88%

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

$32.35 ISK 3,923

$15.05 UYU 604

114.95%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$45.38 UYU 1,821

92.90%

Gym Membership (Monthly)

$102 ISK 12.4K

$37.88 UYU 1,520

168.90%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$19.88 ISK 2,412

$9.96 UYU 400

99.60%

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

$1,194 ISK 144.8K

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$29.91 UYU 1,201

398.26%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$19.60 UYU 787

239.90%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$50.1 UYU 2,011

259.04%

Men's Leather Business Shoes

$253 ISK 30.7K

$61.8 UYU 2,481

309.71%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$299 UYU 12.0K

752.86%

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

$874 UYU 35.1K

423.43%

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 12, 2026

Last update for Tacuarembo: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Tacuarembo

–

Groceries & Markets

Reykjavik

$623 15.6%

Tacuarembo

–

Eating Out

Reykjavik

$536 13.4%

Tacuarembo

–

Clothing & Footwear

Reykjavik

$292 7.3%

Tacuarembo

–

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Tacuarembo

–

Sport & Entertainment

Reykjavik

$142 3.5%

Tacuarembo

–

Getting Around

Reykjavik

$138 3.5%

Tacuarembo

–

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $299 in Tacuarembo. 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 423% 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 $122 in Reykjavik versus $29.00 in Tacuarembo. Monthly groceries follow the same trend: $623 vs $107 – making Tacuarembo the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇺🇾 Tacuarembo

🕒 Local time

15:08 3:08 PM

12:08 12:08 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

54,757

💱 Currency

Icelandic Króna ISK kr

Uruguayan Peso UYU $U

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

Exchange rates and currency converter

UYU, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Uruguayan Peso exchange rates as of October 19, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.12 UYU (100 UYU = 2.22 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Tacuarembo 11,070 km ≈ 14 h nonstop flight

From you

Reykjavik
Tacuarembo

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 Tacuarembo: Cost of Living - Frequently Asked Questions

Reykjavik costs about 423% more than Tacuarembo, 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 $1,148 in Tacuarembo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Tacuarembo, 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 $766 in Tacuarembo. That's a gap of about 423%.

Groceries cost about 481% more in Reykjavik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Tacuarembo, where all-in costs run around $766, than in Reykjavik at $4,002. In Tacuarembo it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Tacuarembo costs $766 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 Tacuarembo. 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.