Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Volta Redonda

For one person, living is cheaper in Volta Redonda: $817 a month against $4,002 in Reykjavik, rent and utilities included – about $38,200 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
40

Cost of Living Index in Volta Redonda
Learn more

Volta Redonda Living Index

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Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Volta Redonda

🇧🇷 Brazil

$817

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjavik and in Volta Redonda

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

A single person spends $4,002 per month in Reykjavik vs $817 in Volta Redonda, rent included.

Reykjavik $4,002
Volta Redonda $817

A couple spends around $5,705 per month in Reykjavik vs $1,294 in Volta Redonda, rent included.

Reykjavik $5,705
Volta Redonda $1,294

A family of three spends $7,407 per month in Reykjavik vs $1,771 in Volta Redonda, rent included.

Reykjavik $7,407
Volta Redonda $1,771

Reykjavik costs about 390% more than Volta Redonda, and outside of rent the biggest gap is in groceries.

Reykjavik sits 196% above the global median, while Volta Redonda is 39% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.56 ISK 3,828

$3.07 R$15.58

928.01%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.8K

$40.42 R$205

202.70%

Fast Food Meal (McDonalds, etc)

$26.86 ISK 3,258

$6.74 R$34.16

298.52%

Cappuccino

$6.81 ISK 827

$2.49 R$12.63

173.49%

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

$3.39 ISK 411

$1.44 R$7.30

135.42%

Water (0.33 liter bottle)

$3.20 ISK 388

$0.62 R$3.14

416.13%

Local Beer (0.5 liter draught)

$14.14 ISK 1,715

$2.36 R$11.97

499.15%

Imported Beer (0.33 liter bottle)

$12.31 ISK 1,493

$4.50 R$22.81

173.56%

Milk (1 liter)

$2.10 ISK 255

$1.01 R$5.14

107.92%

White Bread (500g)

$4.19 ISK 508

$1.93 R$9.76

117.10%

Rice (white) (1kg)

$3.72 ISK 451

$1.23 R$6.24

202.44%

Eggs

$7.05 ISK 856

$2.39 R$12.10

194.98%

Local Cheese (1kg)

$21.56 ISK 2,615

$6.84 R$34.65

215.20%

Chicken Fillets (1kg)

$24.68 ISK 2,993

$3.26 R$16.52

657.06%

Beef Round Steak (1kg)

$42.19 ISK 5,117

$10.03 R$50.9

320.64%

Apples (1kg)

$3.23 ISK 392

$2.17 R$11.01

48.85%

Banana (1kg)

$2.73 ISK 331

$1.18 R$5.98

131.36%

Oranges (1kg)

$3.17 ISK 384

$0.98 R$4.96

223.47%

Tomato (1kg)

$6.61 ISK 802

$2.05 R$10.42

222.44%

Potato (1kg)

$3.85 ISK 467

$1.47 R$7.43

161.90%

Onion (1kg)

$1.66 ISK 201

$1.24 R$6.30

33.87%

Lettuce (1 head)

$3.80 ISK 461

$0.59 R$2.98

544.07%

Water (1.5 liter bottle)

$1.75 ISK 212

$0.49 R$2.48

257.14%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,662

$1.58 R$8.00

767.72%

Wine (Bottle)

$24.21 ISK 2,937

$8.78 R$44.49

175.74%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.13 R$5.74

212.39%

Imported Beer (0.33 liter bottle)

$3.32 ISK 402

$1.66 R$8.40

100.00%

One-way Ticket (Public Transport)

$5.75 ISK 697

$0.97 R$4.90

492.78%

Public Transport Monthly Pass (Regular Price)

$93.8 ISK 11.4K

$35.59 R$180

163.59%

Taxi Start (Normal Tariff)

$6.61 ISK 802

$1.58 R$7.99

318.35%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.99 R$5.01

192.93%

Taxi 1hour Waiting (Normal Tariff)

$79.2 ISK 9,602

$10.40 R$52.7

661.15%

Gasoline (1 liter)

$2.09 ISK 253

$1.23 R$6.25

69.92%

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

$51.0K ISK 6.2M

$24.2K R$122.8K

110.64%

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

$53.3K ISK 6.5M

$33.7K R$170.6K

58.26%

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

$95.3 ISK 11.6K

$96.2 R$488

-0.99%

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

$32.35 ISK 3,923

$11.25 R$57.0

187.56%

Internet (50+ Mbps, Unlimited Data)

$87.5 ISK 10.6K

$22.11 R$112

295.93%

Gym Membership (Monthly)

$102 ISK 12.4K

$30.50 R$155

233.97%

Tennis Court (1 Hour on Weekend)

$50.1 ISK 6,074

Cinema Ticket

$19.88 ISK 2,412

$7.71 R$39.09

157.85%

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

$1,194 ISK 144.8K

$149 R$756

700.09%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$3,034 R$15.4K

737.36%

Jeans (Levis 501 Or Similar)

$149 ISK 18.1K

$45.44 R$230

227.97%

Summer Dress (H&M, Zara, etc)

$66.6 ISK 8,080

$39.63 R$201

68.10%

Sport Shoes (Adidas, Nike)

$180 ISK 21.8K

$50.6 R$256

255.63%

Men's Leather Business Shoes

$253 ISK 30.7K

$94.3 R$478

168.63%

1-bedroom Apartment, City Center (Monthly)

$2,549 ISK 309.2K

$276 R$1,398

824.30%

1-bedroom Apartment, Outside City Center (Monthly)

$2,056 ISK 249.4K

$204 R$1,033

908.57%

3-bedroom Apartment, City Center (Monthly)

$3,498 ISK 424.2K

$590 R$2,988

493.30%

3-bedroom Apartment, Outside City Center (Monthly)

$2,764 ISK 335.2K

$387 R$1,959

615.02%

Buy Apartment in City Center (m2)

$8,120 ISK 984.9K

$831 R$4,215

876.55%

Buy Apartment Outside City Center (m2)

$6,254 ISK 758.5K

$674 R$3,414

828.47%

Average Monthly Net Salary (After Tax)

$4,573 ISK 554.6K

$303 R$1,536

1408.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.68

-24.57%

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

Last update for Reykjavik: October 12, 2026

Last update for Volta Redonda: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2.1K 51.4%

Volta Redonda

$204 24.9% 90.1% $1.9K

Groceries & Markets

Reykjavik

$623 15.6%

Volta Redonda

$185 22.6% 70.4% $438

Eating Out

Reykjavik

$536 13.4%

Volta Redonda

$104 12.7% 80.7% $433

Clothing & Footwear

Reykjavik

$292 7.3%

Volta Redonda

$103 12.7% 64.6% $188

Monthly Utilities & Internet

Reykjavik

$215 5.4%

Volta Redonda

$130 15.9% 39.8% $86

Sport & Entertainment

Reykjavik

$142 3.5%

Volta Redonda

$46 5.6% 67.6% $96

Getting Around

Reykjavik

$138 3.5%

Volta Redonda

$46 5.6% 66.7% $92

Cost Breakdown

A central one-bedroom costs $2,549 in Reykjavik versus $276 in Volta Redonda. 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 1409% 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 $40.00 in Volta Redonda. Monthly groceries follow the same trend: $623 vs $185 – making Volta Redonda the more affordable choice for daily food spending.

Good to know

🇮🇸 Reykjavik

🇧🇷 Volta Redonda

🕒 Local time

09:25 9:25 AM

06:25 6:25 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

261,563

💱 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 19, 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 19, 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 Volta Redonda 9,830 km ≈ 13 h nonstop flight

From you

Reykjavik
Volta Redonda

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 Volta Redonda: Cost of Living - Frequently Asked Questions

Reykjavik costs about 390% more than Volta Redonda, 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 $1,226 in Volta Redonda. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Volta Redonda, 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 $817 in Volta Redonda. That's a gap of about 390%.

Public transport costs about 164% less in Volta Redonda. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Volta Redonda, where all-in costs run around $817, than in Reykjavik at $4,002. In Volta Redonda it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Volta Redonda costs $817 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 Volta Redonda. 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.