Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Temuco

For one person, living is cheaper in Temuco: $1,069 a month against $4,002 in Reykjavik, rent and utilities included – about $35,200 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
52

Cost of Living Index in Temuco
Learn more

Temuco Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Temuco

🇨🇱 Chile

$1,069

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Temuco

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

A single person spends $4,002 per month in Reykjavik vs $1,069 in Temuco, rent included.

Reykjavik $4,002
Temuco $1,069

A couple spends around $5,705 per month in Reykjavik vs $1,598 in Temuco, rent included.

Reykjavik $5,705
Temuco $1,598

A family of three spends $7,407 per month in Reykjavik vs $2,128 in Temuco, rent included.

Reykjavik $7,407
Temuco $2,128

Reykjavik costs about 274% more than Temuco, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Temuco is 21% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$7.21 CLP 7,096

337.73%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$30.14 CLP 29.7K

305.94%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$7.29 CLP 7,172

268.45%

Cappuccino

$6.81 ISK 827

$3.75 CLP 3,695

81.60%

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

$3.39 ISK 411

$2.19 CLP 2,153

54.79%

Water (0.33 liter bottle)

$3.20 ISK 388

$1.08 CLP 1,067

196.30%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$3.63 CLP 3,571

289.53%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$3.41 CLP 3,358

261.00%

Milk (1 liter)

$2.10 ISK 255

$1.17 CLP 1,154

79.49%

White Bread (500g)

$4.19 ISK 508

$1.63 CLP 1,600

157.06%

Rice (white) (1kg)

$3.72 ISK 451

$1.22 CLP 1,201

204.92%

Eggs

$7.05 ISK 856

$3.42 CLP 3,371

106.14%

Local Cheese (1kg)

$21.56 ISK 2,615

$8.63 CLP 8,495

149.83%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$5.07 CLP 4,988

386.79%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$9.40 CLP 9,249

348.83%

Apples (1kg)

$3.23 ISK 392

$2.11 CLP 2,078

53.08%

Banana (1kg)

$2.73 ISK 331

$2.06 CLP 2,027

32.52%

Oranges (1kg)

$3.17 ISK 384

$2.09 CLP 2,053

51.67%

Tomato (1kg)

$6.61 ISK 802

$2.05 CLP 2,023

222.44%

Potato (1kg)

$3.85 ISK 467

$2.40 CLP 2,364

60.42%

Onion (1kg)

$1.66 ISK 201

$2.12 CLP 2,091

-21.70%

Lettuce (1 head)

$3.80 ISK 461

$1.48 CLP 1,455

156.76%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.18 CLP 1,162

48.31%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$4.63 CLP 4,559

196.11%

Wine (Bottle)

$24.21 ISK 2,937

$4.90 CLP 4,823

394.08%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.47 CLP 1,450

140.14%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.07 CLP 2,033

60.39%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.87 CLP 859

560.92%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$33.57 CLP 33.0K

179.45%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$0.85 CLP 835

677.65%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.57 CLP 1,550

84.71%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$9.04 CLP 8,897

775.66%

Gasoline (1 liter)

$2.09 ISK 253

$1.38 CLP 1,356

51.45%

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

$51.0K ISK 6.2M

$12.3K CLP 12.1M

314.98%

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

$53.3K ISK 6.5M

$17.3K CLP 17.0M

208.58%

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

$95.3 ISK 11.6K

$136 CLP 134.2K

-30.14%

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

$32.35 ISK 3,923

$11.17 CLP 11.0K

189.62%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$22.85 CLP 22.5K

283.11%

Gym Membership (Monthly)

$102 ISK 12.4K

$48.34 CLP 47.6K

110.72%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$45.20 CLP 44.5K

10.80%

Cinema Ticket

$19.88 ISK 2,412

$4.58 CLP 4,508

334.06%

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

$1,194 ISK 144.8K

$214 CLP 210.7K

457.93%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$2,706 CLP 2.7M

839.09%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$43.80 CLP 43.1K

240.25%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$17.62 CLP 17.3K

278.09%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$65.7 CLP 64.7K

173.87%

Men's Leather Business Shoes

$253 ISK 30.7K

$83.4 CLP 82.1K

203.61%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$395 CLP 389.1K

544.84%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$318 CLP 312.7K

547.23%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$708 CLP 697.2K

393.85%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$496 CLP 488.6K

456.81%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$1,952 CLP 1.9M

316.06%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,668 CLP 1.6M

275.03%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$524 CLP 515.8K

772.78%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

4.8

83.54%

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

Last update for Reykjavik: October 12, 2026

Last update for Temuco: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Temuco

$318 29.7% 84.5% $1.7K

Groceries & Markets

Reykjavik

$623 15.6%

Temuco

$220 20.6% 64.6% $402

Eating Out

Reykjavik

$536 13.4%

Temuco

$163 15.2% 69.7% $374

Clothing & Footwear

Reykjavik

$292 7.3%

Temuco

$95 8.9% 67.6% $197

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Temuco

$170 15.9% 20.8% $45

Sport & Entertainment

Reykjavik

$142 3.5%

Temuco

$58 5.4% 59.4% $84

Getting Around

Reykjavik

$138 3.5%

Temuco

$46 4.3% 66.8% $92

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $395 in Temuco. 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 773% 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 $30.00 in Temuco. Monthly groceries follow the same trend: $623 vs $220 – making Temuco the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇨🇱 Temuco

🕒 Local time

01:42 1:42 AM

22:42 10:42 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

235,509

💱 Currency

Icelandic Króna ISK kr

Chilean Peso CLP $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 EUR

Exchange rates and currency converter

CLP, 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).

Chilean Peso exchange rates as of October 19, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Temuco 12,270 km ≈ 16 h nonstop flight

From you

Reykjavik
Temuco

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 Temuco: Cost of Living - Frequently Asked Questions

Reykjavik costs about 274% more than Temuco, 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 $1,603 in Temuco. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Temuco, 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 $1,069 in Temuco. That's a gap of about 274%.

Public transport costs about 179% less in Temuco. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Temuco, where all-in costs run around $1,069, than in Reykjavik at $4,002. In Temuco it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Temuco costs $1,069 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 Temuco. 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.