Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Villarrica

For one person, living is cheaper in Villarrica: $403 a month against $4,002 in Reykjavik, rent and utilities included – about $43,200 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
51

Cost of Living Index in Villarrica
Learn more

Villarrica Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Villarrica

🇨🇱 Chile

$403

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Villarrica

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

A single person spends $4,002 per month in Reykjavik vs $403 in Villarrica, rent included.

Reykjavik $4,002
Villarrica $403

A couple spends around $5,705 per month in Reykjavik vs $604 in Villarrica, rent included.

Reykjavik $5,705
Villarrica $604

A family of three spends $7,407 per month in Reykjavik vs $804 in Villarrica, rent included.

Reykjavik $7,407
Villarrica $804

Reykjavik costs about 893% more than Villarrica, and outside of rent the biggest gap is in eating out.

Reykjavik sits 196% above the global median, while Villarrica is 70% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,834

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,263

Cappuccino

$6.81 ISK 828

$2.28 CLP 2,250

198.68%

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

$3.39 ISK 411

$1.52 CLP 1,493

123.03%

Water (0.33 liter bottle)

$3.20 ISK 389

$1.05 CLP 1,031

204.76%

Local Beer (0.5 liter draught)

$14.14 ISK 1,717

$2.53 CLP 2,491

458.89%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,495

$4.69 CLP 4,617

162.47%

Milk (1 liter)

$2.10 ISK 255

$1.20 CLP 1,182

75.00%

White Bread (500g)

$4.19 ISK 509

$2.49 CLP 2,454

68.27%

Rice (white) (1kg)

$3.72 ISK 452

$2.39 CLP 2,350

55.65%

Eggs

$7.05 ISK 857

$3.15 CLP 3,104

123.81%

Local Cheese (1kg)

$21.56 ISK 2,619

$8.24 CLP 8,121

161.65%

Chicken Fillets (1kg)

$24.68 ISK 2,998

$10.41 CLP 10.3K

137.08%

Beef Round Steak (1kg)

$42.19 ISK 5,125

Apples (1kg)

$3.23 ISK 393

$2.59 CLP 2,547

24.71%

Banana (1kg)

$2.73 ISK 332

$1.76 CLP 1,734

55.11%

Oranges (1kg)

$3.17 ISK 385

$2.66 CLP 2,616

19.17%

Tomato (1kg)

$6.61 ISK 804

$1.41 CLP 1,384

368.79%

Potato (1kg)

$3.85 ISK 467

$1.39 CLP 1,367

176.98%

Onion (1kg)

$1.66 ISK 201

$1.21 CLP 1,194

37.19%

Lettuce (1 head)

$3.80 ISK 462

$1.54 CLP 1,514

146.75%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.92 CLP 1,890

-8.85%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,665

Wine (Bottle)

$24.21 ISK 2,942

$5.50 CLP 5,420

340.18%

Local Beer (0.5 liter bottle)

$3.53 ISK 429

Imported Beer (0.33 liter bottle)

$3.32 ISK 403

$3.56 CLP 3,507

-6.74%

One-way Ticket (Public Transport)

$5.75 ISK 698

$1.88 CLP 1,855

205.85%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 804

$2.06 CLP 2,027

220.87%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.99 CLP 1,956

45.73%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,617

Gasoline (1 liter)

$2.09 ISK 254

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

$62.4 CLP 61.4K

52.78%

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

$32.35 ISK 3,929

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

Gym Membership (Monthly)

$102 ISK 12.4K

$30.38 CLP 29.9K

235.29%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,083

Cinema Ticket

$19.88 ISK 2,415

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

$1,194 ISK 145.0K

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,093

Sport Shoes (Adidas, Nike)

$180 ISK 21.9K

Men's Leather Business Shoes

$253 ISK 30.8K

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.7K

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.8K

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.9K

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.7K

Buy Apartment in City Center (m2)

$8,120 ISK 986.4K

Buy Apartment Outside City Center (m2)

$6,254 ISK 759.7K

Average Monthly Net Salary (After Tax)

$4,573 ISK 555.5K

$504 CLP 496.4K

807.38%

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 Villarrica: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Villarrica

- * 0% 100%

Groceries & Markets

Reykjavik

$623 15.6%

Villarrica

$231 * 57.3% 62.9% $392

Eating Out

Reykjavik

$536 13.4%

Villarrica

$60 * 14.8% 88.9% $477

Clothing & Footwear

Reykjavik

$292 7.3%

Villarrica

- * 0% 100%

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Villarrica

$62 * 15.5% 71% $153

Sport & Entertainment

Reykjavik

$142 3.5%

Villarrica

$30 * 7.5% 78.5% $111

Getting Around

Reykjavik

$138 3.5%

Villarrica

$20 * 4.9% 85.8% $118

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Salaries run about 807% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

Good to know

🇮🇸 Reykjavik

🇨🇱 Villarrica

🕒 Local time

06:00 6:00 AM

03:00 3:00 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

31,780

💱 Currency

Icelandic Króna ISK kr

Chilean Peso CLP $

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.35 EUR

10,000 CLP = 10.15 USD

10,000 CLP = 9.07 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 15, 2026: 1 USD = 121 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

Chilean Peso exchange rates as of October 15, 2026: 1 USD = 985 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,103 CLP (10,000 CLP = 9.07 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjavik Villarrica 12,310 km ≈ 16 h nonstop flight

From you

Reykjavik
Villarrica

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 Villarrica: Cost of Living - Frequently Asked Questions

Reykjavik costs about 893% more than Villarrica, and outside of rent the gap comes mainly from eating out. 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 $604 in Villarrica. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $4,002 in Reykjavik and $403 in Villarrica. That's a gap of about 893%.

Groceries cost about 170% 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 Villarrica, where all-in costs run around $403, than in Reykjavik at $4,002. In Villarrica it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Villarrica costs $403 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 Villarrica. 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.