Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Vina del Mar

For one person, living is cheaper in Vina del Mar: $1,062 a month against $4,002 in Reykjavik, rent and utilities included – about $35,300 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 Vina del Mar
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Vina del Mar Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Vina del Mar

🇨🇱 Chile

$1,062

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Vina del Mar

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 Vina del Mar actually costs, broken down by who's living it.

A single person spends $4,002 per month in Reykjavik vs $1,062 in Vina del Mar, rent included.

Reykjavik $4,002
Vina del Mar $1,062

A couple spends around $5,705 per month in Reykjavik vs $1,710 in Vina del Mar, rent included.

Reykjavik $5,705
Vina del Mar $1,710

A family of three spends $7,407 per month in Reykjavik vs $2,357 in Vina del Mar, rent included.

Reykjavik $7,407
Vina del Mar $2,357

Reykjavik costs about 277% more than Vina del Mar, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Vina del Mar is 21% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$8.36 CLP 8,230

277.51%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$58.4 CLP 57.5K

109.36%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$7.82 CLP 7,699

243.48%

Cappuccino

$6.81 ISK 827

$3.50 CLP 3,442

94.57%

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

$3.39 ISK 411

$1.42 CLP 1,394

138.73%

Water (0.33 liter bottle)

$3.20 ISK 388

$1.09 CLP 1,073

193.58%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$3.56 CLP 3,508

297.19%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$3.41 CLP 3,356

261.00%

Milk (1 liter)

$2.10 ISK 255

$1.31 CLP 1,292

60.31%

White Bread (500g)

$4.19 ISK 508

$1.18 CLP 1,166

255.08%

Rice (white) (1kg)

$3.72 ISK 451

$1.64 CLP 1,618

126.83%

Eggs

$7.05 ISK 856

$3.51 CLP 3,454

100.85%

Local Cheese (1kg)

$21.56 ISK 2,615

$9.66 CLP 9,505

123.19%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$5.13 CLP 5,053

381.09%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$12.02 CLP 11.8K

251.00%

Apples (1kg)

$3.23 ISK 392

$1.51 CLP 1,490

113.91%

Banana (1kg)

$2.73 ISK 331

$1.79 CLP 1,763

52.51%

Oranges (1kg)

$3.17 ISK 384

$1.29 CLP 1,270

145.74%

Tomato (1kg)

$6.61 ISK 802

$1.11 CLP 1,091

495.50%

Potato (1kg)

$3.85 ISK 467

$1.55 CLP 1,525

148.39%

Onion (1kg)

$1.66 ISK 201

$1.26 CLP 1,241

31.75%

Lettuce (1 head)

$3.80 ISK 461

$0.98 CLP 966

287.76%

Water (1.5 liter bottle)

$1.75 ISK 212

$1.24 CLP 1,223

41.13%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$4.88 CLP 4,801

180.94%

Wine (Bottle)

$24.21 ISK 2,937

$7.28 CLP 7,171

232.55%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.75 CLP 1,727

101.71%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$2.15 CLP 2,121

54.42%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.52 CLP 514

1005.77%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$38.66 CLP 38.1K

142.65%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.49 CLP 1,469

343.62%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.25 CLP 1,228

132.00%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$12.33 CLP 12.1K

542.01%

Gasoline (1 liter)

$2.09 ISK 253

$1.36 CLP 1,338

53.68%

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

$51.0K ISK 6.2M

$18.3K CLP 18.0M

178.91%

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

$53.3K ISK 6.5M

$17.4K CLP 17.2M

205.31%

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

$95.3 ISK 11.6K

$108 CLP 106.3K

-11.78%

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

$32.35 ISK 3,923

$14.92 CLP 14.7K

116.82%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$17.68 CLP 17.4K

395.14%

Gym Membership (Monthly)

$102 ISK 12.4K

$44.29 CLP 43.6K

129.98%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

$23.63 CLP 23.3K

111.93%

Cinema Ticket

$19.88 ISK 2,412

$6.06 CLP 5,965

228.05%

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

$1,194 ISK 144.8K

$497 CLP 489.5K

140.11%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$5,087 CLP 5.0M

399.52%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$43.11 CLP 42.4K

245.70%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$33.47 CLP 32.9K

99.04%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$55.2 CLP 54.3K

226.17%

Men's Leather Business Shoes

$253 ISK 30.7K

$85.8 CLP 84.5K

195.08%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$468 CLP 460.8K

444.54%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$333 CLP 328.0K

517.10%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$836 CLP 823.0K

318.33%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$619 CLP 609.3K

346.49%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$2,379 CLP 2.3M

241.33%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$1,525 CLP 1.5M

310.21%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$1,075 CLP 1.1M

325.27%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

4.83

82.40%

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

Last update for Reykjavik: October 12, 2026

Last update for Vina del Mar: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Vina del Mar

$333 31.4% 83.8% $1.7K

Groceries & Markets

Reykjavik

$623 15.6%

Vina del Mar

$219 20.6% 64.8% $404

Eating Out

Reykjavik

$536 13.4%

Vina del Mar

$167 15.7% 68.9% $369

Clothing & Footwear

Reykjavik

$292 7.3%

Vina del Mar

$98 9.2% 66.5% $194

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Vina del Mar

$141 13.2% 34.7% $75

Sport & Entertainment

Reykjavik

$142 3.5%

Vina del Mar

$56 5.3% 60.2% $85

Getting Around

Reykjavik

$138 3.5%

Vina del Mar

$48 4.6% 64.9% $89

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $468 in Vina del Mar. 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 325% 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 $58.0 in Vina del Mar. Monthly groceries follow the same trend: $623 vs $219 – making Vina del Mar the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇨🇱 Vina del Mar

🕒 Local time

19:15 7:15 PM

16:15 4:15 PM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

332,875

💱 Currency

Icelandic Króna ISK kr

Chilean Peso CLP $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

10,000 CLP = 10.16 USD

10,000 CLP = 9.04 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 17, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Chilean Peso exchange rates as of October 17, 2026: 1 USD = 984 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,107 CLP (10,000 CLP = 9.04 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Reykjavik Vina del Mar 11,640 km ≈ 15 h nonstop flight

From you

Reykjavik
Vina del Mar

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 Vina del Mar: Cost of Living - Frequently Asked Questions

Reykjavik costs about 277% more than Vina del Mar, 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 $1,594 in Vina del Mar. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Vina del Mar, 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 $1,062 in Vina del Mar. That's a gap of about 277%.

Public transport costs about 143% less in Vina del Mar. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,000 monthly budget goes further in Vina del Mar, where all-in costs run around $1,062, than in Reykjavik at $4,002. In Vina del Mar it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Vina del Mar costs $1,062 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 Vina del Mar. 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.