Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Villarrica

For one person, living is cheaper in Villarrica: $1,008 a month against $4,002 in Reykjavik, rent and utilities included – about $35,900 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
Learn more

Reykjavik Living Index
49

Cost of Living Index in Villarrica
Learn more

Villarrica Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Villarrica

🇵🇾 Paraguay

$1,008

/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 $1,008 in Villarrica, rent included.

Reykjavik $4,002
Villarrica $1,008

A couple spends around $5,705 per month in Reykjavik vs $1,288 in Villarrica, rent included.

Reykjavik $5,705
Villarrica $1,288

A family of three spends $7,407 per month in Reykjavik vs $1,567 in Villarrica, rent included.

Reykjavik $7,407
Villarrica $1,567

Reykjavik costs about 297% more than Villarrica, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Villarrica is 25% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$6.96 ₲39.6K

353.45%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$20.82 ₲118.4K

487.66%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$7.06 ₲40.1K

280.45%

Cappuccino

$6.81 ISK 827

$3.47 ₲19.7K

96.25%

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

$3.39 ISK 411

$1.06 ₲6,033

219.81%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.61 ₲3,446

424.59%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$1.45 ₲8,246

875.17%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$1.28 ₲7,265

861.72%

Milk (1 liter)

$2.10 ISK 255

$1.20 ₲6,796

75.00%

White Bread (500g)

$4.19 ISK 508

$1.27 ₲7,200

229.92%

Rice (white) (1kg)

$3.72 ISK 451

$1.39 ₲7,932

167.63%

Eggs

$7.05 ISK 856

$2.05 ₲11.7K

243.90%

Local Cheese (1kg)

$21.56 ISK 2,615

$9.44 ₲53.7K

128.39%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$4.11 ₲23.4K

500.49%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$10.08 ₲57.3K

318.55%

Apples (1kg)

$3.23 ISK 392

$3.09 ₲17.6K

4.53%

Banana (1kg)

$2.73 ISK 331

$1.25 ₲7,128

118.40%

Oranges (1kg)

$3.17 ISK 384

$1.20 ₲6,848

164.17%

Tomato (1kg)

$6.61 ISK 802

$2.51 ₲14.3K

163.35%

Potato (1kg)

$3.85 ISK 467

$1.34 ₲7,624

187.31%

Onion (1kg)

$1.66 ISK 201

$0.79 ₲4,487

110.13%

Lettuce (1 head)

$3.80 ISK 461

$0.91 ₲5,184

317.58%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.67 ₲3,821

161.19%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$1.20 ₲6,796

1042.50%

Wine (Bottle)

$24.21 ISK 2,937

$9.23 ₲52.5K

162.30%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$0.70 ₲3,971

404.29%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$1.74 ₲9,922

90.80%

One-way Ticket (Public Transport)

$5.75 ISK 697

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.49 ₲8,453

343.62%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.56 ₲8,894

85.90%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$5.39 ₲30.7K

1368.65%

Gasoline (1 liter)

$2.09 ISK 253

$1.29 ₲7,355

62.02%

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

$51.0K ISK 6.2M

$17.3K ₲98.2M

195.50%

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

$53.3K ISK 6.5M

$35.3K ₲200.6M

51.02%

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

$95.3 ISK 11.6K

$31.33 ₲178.2K

204.05%

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

$32.35 ISK 3,923

$17.82 ₲101.3K

81.54%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$22.61 ₲128.5K

287.17%

Gym Membership (Monthly)

$102 ISK 12.4K

$34.47 ₲196.0K

195.50%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$3.42 ₲19.4K

1364.33%

Cinema Ticket

$19.88 ISK 2,412

$8.59 ₲48.8K

131.43%

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

$1,194 ISK 144.8K

$44.78 ₲254.6K

2566.32%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$5,804 ₲33.0M

337.82%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$64.9 ₲369.0K

129.67%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$58.0 ₲329.8K

14.86%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$109 ₲621.3K

64.63%

Men's Leather Business Shoes

$253 ISK 30.7K

$71.1 ₲404.3K

256.17%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$404 ₲2.3M

409.18%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$269 ₲1.5M

1201.84%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$209 ₲1.2M

1220.76%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$566 ₲3.2M

707.51%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.15

-13.20%

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

$404 40% 80.4% $1.7K

Groceries & Markets

Reykjavik

$623 15.6%

Villarrica

$201 19.9% 67.8% $422

Eating Out

Reykjavik

$536 13.4%

Villarrica

$135 13.4% 74.9% $402

Clothing & Footwear

Reykjavik

$292 7.3%

Villarrica

$136 13.5% 53.3% $155

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Villarrica

$72 7.1% 66.6% $143

Sport & Entertainment

Reykjavik

$142 3.5%

Villarrica

$52 5.1% 63.5% $90

Getting Around

Reykjavik

$138 3.5%

Villarrica

$9.3 * 0.9% 93.3% $129

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

Cost Breakdown

Salaries run about 708% 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 $21.00 in Villarrica. Monthly groceries follow the same trend: $623 vs $201 – making Villarrica the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇵🇾 Villarrica

🕒 Local time

23:50 11:50 PM

20:50 8:50 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

73,400

💱 Currency

Icelandic Króna ISK kr

Paraguayan Guarani PYG ₲

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 PYG = 1.76 USD

10,000 PYG = 1.56 EUR

Exchange rates and currency converter

PYG, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 17, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Paraguayan Guarani exchange rates as of October 17, 2026: 1 USD = 5,686 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,393 PYG (10,000 PYG = 1.56 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Villarrica 10,440 km ≈ 14 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 297% more than Villarrica, 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 $1,513 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 $1,008 in Villarrica. That's a gap of about 297%.

Kindergarten costs $1,194 per month in Reykjavik and $44.78 in Villarrica. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Villarrica, where all-in costs run around $1,008, 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 $1,008 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.