Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Vila Velha

For one person, living is cheaper in Vila Velha: $995 a month against $4,002 in Reykjavik, rent and utilities included – about $36,100 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
48

Cost of Living Index in Vila Velha
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Vila Velha Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Vila Velha

🇧🇷 Brazil

$995

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Vila Velha

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

A single person spends $4,002 per month in Reykjavik vs $995 in Vila Velha, rent included.

Reykjavik $4,002
Vila Velha $995

A couple spends around $5,705 per month in Reykjavik vs $1,609 in Vila Velha, rent included.

Reykjavik $5,705
Vila Velha $1,609

A family of three spends $7,407 per month in Reykjavik vs $2,223 in Vila Velha, rent included.

Reykjavik $7,407
Vila Velha $2,223

Reykjavik costs about 302% more than Vila Velha, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Vila Velha is 26% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$9.40 R$47.66

235.74%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$39.36 R$200

210.85%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$8.18 R$41.47

228.36%

Cappuccino

$6.81 ISK 827

$2.39 R$12.14

184.94%

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

$3.39 ISK 411

$1.37 R$6.93

147.45%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.56 R$2.84

471.43%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$2.04 R$10.35

593.14%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$2.93 R$14.83

320.14%

Milk (1 liter)

$2.10 ISK 255

$1.09 R$5.50

92.66%

White Bread (500g)

$4.19 ISK 508

$1.64 R$8.30

155.49%

Rice (white) (1kg)

$3.72 ISK 451

$1.97 R$9.97

88.83%

Eggs

$7.05 ISK 856

$2.42 R$12.27

191.32%

Local Cheese (1kg)

$21.56 ISK 2,615

$9.44 R$47.86

128.39%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$4.53 R$22.96

444.81%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$9.35 R$47.40

351.23%

Apples (1kg)

$3.23 ISK 392

$1.97 R$10.00

63.96%

Banana (1kg)

$2.73 ISK 331

$1.00 R$5.07

173.00%

Oranges (1kg)

$3.17 ISK 384

$1.22 R$6.17

159.84%

Tomato (1kg)

$6.61 ISK 802

$1.31 R$6.64

404.58%

Potato (1kg)

$3.85 ISK 467

$1.27 R$6.44

203.15%

Onion (1kg)

$1.66 ISK 201

$1.31 R$6.65

26.72%

Lettuce (1 head)

$3.80 ISK 461

$0.46 R$2.35

726.09%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.78 R$3.96

124.36%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$3.36 R$17.05

308.04%

Wine (Bottle)

$24.21 ISK 2,937

$9.01 R$45.67

168.70%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.81 R$9.16

95.03%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.27 R$11.51

46.26%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.98 R$4.97

486.73%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$52.2 R$264

79.88%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.44 R$7.28

359.03%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.85 R$4.33

241.18%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$13.13 R$66.6

502.89%

Gasoline (1 liter)

$2.09 ISK 253

$1.24 R$6.28

68.55%

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

$51.0K ISK 6.2M

$34.2K R$173.2K

49.32%

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

$53.3K ISK 6.5M

$32.8K R$166.3K

62.36%

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

$95.3 ISK 11.6K

$116 R$590

-18.11%

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

$32.35 ISK 3,923

$17.83 R$90.4

81.44%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$15.30 R$77.6

472.16%

Gym Membership (Monthly)

$102 ISK 12.4K

$27.78 R$141

266.67%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$27.25 R$138

83.78%

Cinema Ticket

$19.88 ISK 2,412

$6.83 R$34.61

191.07%

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

$1,194 ISK 144.8K

$433 R$2,193

175.94%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$15.0K R$76.0K

69.50%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$79.3 R$402

87.91%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$52.4 R$266

27.09%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$84.2 R$427

113.61%

Men's Leather Business Shoes

$253 ISK 30.7K

$77.2 R$391

227.99%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$314 R$1,591

712.18%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$258 R$1,308

697.14%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$593 R$3,004

490.28%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$567 R$2,875

387.34%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$2,065 R$10.5K

293.22%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$2,060 R$10.4K

203.52%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$421 R$2,136

985.23%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.33

-22.24%

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

Last update for Reykjavik: October 12, 2026

Last update for Vila Velha: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Vila Velha

$258 25.9% 87.5% $1.8K

Groceries & Markets

Reykjavik

$623 15.6%

Vila Velha

$200 20.1% 67.8% $422

Eating Out

Reykjavik

$536 13.4%

Vila Velha

$152 15.3% 71.6% $384

Clothing & Footwear

Reykjavik

$292 7.3%

Vila Velha

$132 13.3% 54.8% $160

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Vila Velha

$149 15% 30.5% $66

Sport & Entertainment

Reykjavik

$142 3.5%

Vila Velha

$41 4.2% 70.7% $100

Getting Around

Reykjavik

$138 3.5%

Vila Velha

$62 6.2% 55.2% $76

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $314 in Vila Velha. 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 985% 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 $39.00 in Vila Velha. Monthly groceries follow the same trend: $623 vs $200 – making Vila Velha the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇧🇷 Vila Velha

🕒 Local time

12:41 12:41 PM

09:41 9:41 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

467,722

💱 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 18, 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 18, 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

Lowest

Highest

Between locations

Reykjavik Vila Velha 9,530 km ≈ 12 h nonstop flight

From you

Reykjavik
Vila Velha

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 Vila Velha: Cost of Living - Frequently Asked Questions

Reykjavik costs about 302% more than Vila Velha, 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 $1,493 in Vila Velha. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Vila Velha, 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 $995 in Vila Velha. That's a gap of about 302%.

Public transport costs about 80% less in Vila Velha. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Vila Velha, where all-in costs run around $995, than in Reykjavik at $4,002. In Vila Velha it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Vila Velha costs $995 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 Vila Velha. 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.