Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Trancoso

For one person, living is cheaper in Trancoso: $774 a month against $4,023 in Reykjavik, rent and utilities included – about $39,000 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
37

Cost of Living Index in Trancoso
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Trancoso Living Index

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Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Trancoso

🇧🇷 Brazil

$774

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Trancoso

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

A single person spends $4,023 per month in Reykjavik vs $774 in Trancoso, rent included.

Reykjavik $4,023
Trancoso $774

A couple spends around $5,708 per month in Reykjavik vs $1,238 in Trancoso, rent included.

Reykjavik $5,708
Trancoso $1,238

A family of three spends $7,393 per month in Reykjavik vs $1,702 in Trancoso, rent included.

Reykjavik $7,393
Trancoso $1,702

Reykjavik costs about 420% more than Trancoso, and outside of rent the biggest gap is in groceries.

Reykjavik sits 197% above the global median, while Trancoso is 43% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.00 ISK 3,760

$5.41 R$27.43

473.01%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$28.04 R$142

339.37%

Fast Food Meal (McDonalds, etc)

$27.21 ISK 3,300

$6.24 R$31.65

336.06%

Cappuccino

$6.90 ISK 837

$1.81 R$9.16

281.22%

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

$3.30 ISK 401

$1.13 R$5.70

192.04%

Water (0.33 liter bottle)

$3.16 ISK 384

$0.65 R$3.28

386.15%

Local Beer (0.5 liter draught)

$13.84 ISK 1,678

$1.75 R$8.89

690.86%

Imported Beer (0.33 liter bottle)

$12.46 ISK 1,512

$2.66 R$13.48

368.42%

Milk (1 liter)

$2.06 ISK 250

$0.95 R$4.81

116.84%

White Bread (500g)

$4.11 ISK 498

$1.44 R$7.32

185.42%

Rice (white) (1kg)

$3.68 ISK 446

$1.13 R$5.71

225.66%

Eggs

$7.27 ISK 882

$1.99 R$10.10

265.33%

Local Cheese (1kg)

$21.79 ISK 2,643

$8.17 R$41.42

166.71%

Chicken Fillets (1kg)

$23.95 ISK 2,905

$3.67 R$18.62

552.59%

Beef Round Steak (1kg)

$41.43 ISK 5,025

$7.51 R$38.09

451.66%

Apples (1kg)

$3.42 ISK 414

$2.11 R$10.71

62.09%

Banana (1kg)

$2.84 ISK 344

$1.30 R$6.58

118.46%

Oranges (1kg)

$3.23 ISK 391

$1.14 R$5.77

183.33%

Tomato (1kg)

$6.46 ISK 783

$1.50 R$7.61

330.67%

Potato (1kg)

$4.05 ISK 491

$1.15 R$5.85

252.17%

Onion (1kg)

$1.66 ISK 202

$1.10 R$5.56

50.91%

Lettuce (1 head)

$3.86 ISK 468

$0.71 R$3.60

443.66%

Water (1.5 liter bottle)

$1.84 ISK 223

$0.62 R$3.12

196.77%

Cigarettes 20 Pack (Marlboro, Camel)

$13.96 ISK 1,693

$2.08 R$10.57

571.15%

Wine (Bottle)

$23.76 ISK 2,882

$7.55 R$38.27

214.70%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.18 R$6.00

200.00%

Imported Beer (0.33 liter bottle)

$3.44 ISK 418

$2.13 R$10.79

61.50%

One-way Ticket (Public Transport)

$5.81 ISK 705

$0.94 R$4.77

518.09%

Public Transport Monthly Pass (Regular Price)

$95.3 ISK 11.6K

$38.08 R$193

150.34%

Taxi Start (Normal Tariff)

$6.72 ISK 815

$1.06 R$5.39

533.96%

Taxi (Normal Tariff) (1km)

$2.81 ISK 340

$0.75 R$3.81

274.67%

Taxi 1hour Waiting (Normal Tariff)

$81.3 ISK 9,866

$6.45 R$32.70

1161.09%

Gasoline (1 liter)

$2.12 ISK 257

$1.05 R$5.30

101.90%

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

$68.9K ISK 8.4M

$20.2K R$102.6K

240.54%

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

$55.8K ISK 6.8M

$27.8K R$141.1K

100.50%

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

$95.8 ISK 11.6K

$60.4 R$306

58.65%

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

$33.11 ISK 4,016

$13.40 R$68.0

147.09%

Internet (50+ Mbps, Unlimited Data)

$87.2 ISK 10.6K

$18.75 R$95.0

364.80%

Gym Membership (Monthly)

$101 ISK 12.3K

$22.57 R$114

347.85%

Tennis Court (1 Hour on Weekend)

$50.7 ISK 6,155

$21.78 R$110

132.97%

Cinema Ticket

$19.85 ISK 2,407

$6.40 R$32.46

210.16%

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

$1,195 ISK 144.9K

$284 R$1,439

320.73%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$6,530 R$33.1K

301.60%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$47.13 R$239

214.58%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,096

$41.81 R$212

59.65%

Sport Shoes (Adidas, Nike)

$187 ISK 22.6K

$77.2 R$391

141.62%

Men's Leather Business Shoes

$253 ISK 30.6K

$62.3 R$316

305.64%

1-bedroom Apartment, City Center (Monthly)

$2,579 ISK 312.8K

$321 R$1,628

703.04%

1-bedroom Apartment, Outside City Center (Monthly)

$2,080 ISK 252.3K

$219 R$1,108

851.45%

3-bedroom Apartment, City Center (Monthly)

$3,455 ISK 419.0K

$590 R$2,989

485.87%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.8K

$433 R$2,197

535.13%

Buy Apartment in City Center (m2)

$7,933 ISK 962.2K

$1,467 R$7,435

440.89%

Buy Apartment Outside City Center (m2)

$6,377 ISK 773.5K

$1,009 R$5,116

531.96%

Average Monthly Net Salary (After Tax)

$4,695 ISK 569.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.92

-19.32%

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

Last update for Reykjavik: October 20, 2026

Last update for Trancoso: October 17, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.7%

Trancoso

$219 28.2% 89.5% $1.9K

Groceries & Markets

Reykjavik

$619 15.4%

Trancoso

$173 22.4% 72% $446

Eating Out

Reykjavik

$532 13.2%

Trancoso

$105 13.5% 80.3% $428

Clothing & Footwear

Reykjavik

$294 7.3%

Trancoso

$103 13.3% 65.1% $192

Monthly Utilities & Internet

Reykjavik

$216 5.4%

Trancoso

$93 12% 57.2% $124

Sport & Entertainment

Reykjavik

$141 3.5%

Trancoso

$35 4.6% 74.9% $105

Getting Around

Reykjavik

$139 3.5%

Trancoso

$47 6% 66.5% $93

Cost Breakdown

A central one-bedroom costs $2,579 in Reykjavik versus $321 in Trancoso. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $123 in Reykjavik versus $28.00 in Trancoso. Monthly groceries follow the same trend: $619 vs $173 – making Trancoso the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇧🇷 Trancoso

🕒 Local time

21:33 9:33 PM

18:33 6:33 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

18,618

💱 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 24, 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 24, 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 Trancoso 9,100 km ≈ 12 h nonstop flight

From you

Reykjavik
Trancoso

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 Trancoso: Cost of Living - Frequently Asked Questions

Reykjavik costs about 420% more than Trancoso, 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 $6,034 per month in Reykjavik and $1,161 in Trancoso. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Trancoso, 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 $4,023 in Reykjavik and $774 in Trancoso. That's a gap of about 420%.

Public transport costs about 150% less in Trancoso. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Trancoso, where all-in costs run around $774, than in Reykjavik at $4,023. In Trancoso it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Trancoso costs $774 versus $4,023 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 Trancoso. 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.