Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Teresopolis

For one person, living is cheaper in Teresopolis: $668 a month against $4,002 in Reykjavik, rent and utilities included – about $40,000 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
32

Cost of Living Index in Teresopolis
Learn more

Teresopolis Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Teresopolis

🇧🇷 Brazil

$668

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Teresopolis

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

A single person spends $4,002 per month in Reykjavik vs $668 in Teresopolis, rent included.

Reykjavik $4,002
Teresopolis $668

A couple spends around $5,705 per month in Reykjavik vs $1,130 in Teresopolis, rent included.

Reykjavik $5,705
Teresopolis $1,130

A family of three spends $7,407 per month in Reykjavik vs $1,592 in Teresopolis, rent included.

Reykjavik $7,407
Teresopolis $1,592

Reykjavik costs about 499% more than Teresopolis, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Teresopolis is 51% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$3.47 R$17.61

809.51%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$28.25 R$143

333.10%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$7.29 R$36.98

268.45%

Cappuccino

$6.81 ISK 827

$1.78 R$9.00

282.58%

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

$3.39 ISK 411

$1.39 R$7.03

143.88%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.61 R$3.10

424.59%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$1.17 R$5.95

1108.55%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$4.99 R$25.32

146.69%

Milk (1 liter)

$2.10 ISK 255

$0.93 R$4.72

125.81%

White Bread (500g)

$4.19 ISK 508

$1.51 R$7.64

177.48%

Rice (white) (1kg)

$3.72 ISK 451

$1.41 R$7.17

163.83%

Eggs

$7.05 ISK 856

$1.95 R$9.89

261.54%

Local Cheese (1kg)

$21.56 ISK 2,615

$8.95 R$45.38

140.89%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$3.52 R$17.87

601.14%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$8.34 R$42.30

405.88%

Apples (1kg)

$3.23 ISK 392

$1.84 R$9.35

75.54%

Banana (1kg)

$2.73 ISK 331

$1.17 R$5.92

133.33%

Oranges (1kg)

$3.17 ISK 384

$0.97 R$4.94

226.80%

Tomato (1kg)

$6.61 ISK 802

$1.28 R$6.51

416.41%

Potato (1kg)

$3.85 ISK 467

$0.65 R$3.29

492.31%

Onion (1kg)

$1.66 ISK 201

$0.85 R$4.33

95.29%

Lettuce (1 head)

$3.80 ISK 461

$0.57 R$2.89

566.67%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.77 R$3.88

127.27%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$1.62 R$8.21

746.30%

Wine (Bottle)

$24.21 ISK 2,937

$5.87 R$29.73

312.44%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.43 R$7.24

146.85%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$1.37 R$6.96

142.34%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.92 R$4.67

525.00%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$35.62 R$181

163.36%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$0.98 R$4.97

574.49%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.00 R$5.09

190.00%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$2.48 R$12.56

3091.94%

Gasoline (1 liter)

$2.09 ISK 253

$1.31 R$6.62

59.54%

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

$51.0K ISK 6.2M

$21.4K R$108.6K

138.12%

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

$53.3K ISK 6.5M

$30.8K R$156.2K

72.92%

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

$95.3 ISK 11.6K

$29.72 R$151

220.52%

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

$32.35 ISK 3,923

$24.87 R$126

30.08%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$19.49 R$98.8

349.15%

Gym Membership (Monthly)

$102 ISK 12.4K

$30.02 R$152

239.31%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$19.98 R$101

150.65%

Cinema Ticket

$19.88 ISK 2,412

$6.85 R$34.70

190.22%

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

$1,194 ISK 144.8K

$143 R$727

732.97%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$2,670 R$13.5K

851.78%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$26.23 R$133

468.17%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$28.00 R$142

137.93%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$67.5 R$342

166.33%

Men's Leather Business Shoes

$253 ISK 30.7K

$48.32 R$245

424.09%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$378 R$1,917

574.22%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$163 R$825

1162.96%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$535 R$2,711

554.07%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$407 R$2,062

579.31%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$1,206 R$6,112

573.46%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$496 R$2,517

821.12%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.67

-17.43%

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

Last update for Reykjavik: October 12, 2026

Last update for Teresopolis: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Teresopolis

$163 24.4% 92.1% $1.9K

Groceries & Markets

Reykjavik

$623 15.6%

Teresopolis

$171 25.6% 72.6% $452

Eating Out

Reykjavik

$536 13.4%

Teresopolis

$95 14.2% 82.3% $442

Clothing & Footwear

Reykjavik

$292 7.3%

Teresopolis

$77 11.5% 73.8% $215

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Teresopolis

$74 11.1% 65.6% $141

Sport & Entertainment

Reykjavik

$142 3.5%

Teresopolis

$44 6.5% 69.1% $98

Getting Around

Reykjavik

$138 3.5%

Teresopolis

$45 6.8% 67.2% $93

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $378 in Teresopolis. 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 821% 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 $28.00 in Teresopolis. Monthly groceries follow the same trend: $623 vs $171 – making Teresopolis the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇧🇷 Teresopolis

🕒 Local time

08:27 8:27 AM

05:27 5:27 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

165,123

💱 Currency

Icelandic Króna ISK kr

Brazilian Real BRL R$

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

Exchange rates and currency converter

BRL, 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).

Brazilian Real exchange rates as of October 19, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Teresopolis 9,800 km ≈ 13 h nonstop flight

From you

Reykjavik
Teresopolis

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 Teresopolis: Cost of Living - Frequently Asked Questions

Reykjavik costs about 499% more than Teresopolis, 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 $1,002 in Teresopolis. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Teresopolis, 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 $668 in Teresopolis. That's a gap of about 499%.

Public transport costs about 163% less in Teresopolis. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Teresopolis, where all-in costs run around $668, than in Reykjavik at $4,002. In Teresopolis it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Teresopolis costs $668 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 Teresopolis. 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.