Cost of Living Comparison Between Selfoss and Grundarfjordur Cost of Living Comparison Between Selfoss and Grundarfjordur

🙂 Solo nomad: Selfoss is 64.1% cheaper than Grundarfjordur without rent, and 121.3% more expensive with rent.

🙂 Family of 3: Selfoss is 60.7% cheaper than Grundarfjordur without rent, and 63.8% cheaper with rent.

Meal at Budget Restaurant

$26.40 ISK 3,325

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.4K

Fast Food Meal (McDonalds, etc)

$20.36 ISK 2,565

$22.44 ISK 2,826

-9.27%

Cappuccino

$6.22 ISK 784

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

$3.26 ISK 410

Water (0.33 liter bottle)

$2.61 ISK 329

Local Beer (0.5 liter draught)

$12.28 ISK 1,547

$13.02 ISK 1,640

-5.68%

Imported Beer (0.33 liter bottle)

$11.37 ISK 1,432

Milk (1 liter)

$1.75 ISK 220

$1.88 ISK 237

-6.91%

White Bread (500g)

$7.22 ISK 909

$4.28 ISK 540

68.69%

Rice (white) (1kg)

$4.53 ISK 571

$3.59 ISK 452

26.18%

Eggs

$6.42 ISK 809

$6.36 ISK 801

0.94%

Local Cheese (1kg)

$16.70 ISK 2,103

$18.19 ISK 2,292

-8.19%

Chicken Fillets (1kg)

$20.67 ISK 2,603

$23.73 ISK 2,990

-12.90%

Beef Round Steak (1kg)

$33.43 ISK 4,212

$42.57 ISK 5,362

-21.47%

Apples (1kg)

$2.64 ISK 332

$3.31 ISK 417

-20.24%

Banana (1kg)

$2.55 ISK 321

$2.49 ISK 313

2.41%

Oranges (1kg)

$2.60 ISK 327

$3.03 ISK 381

-14.19%

Tomato (1kg)

$7.10 ISK 894

$4.88 ISK 614

45.49%

Potato (1kg)

$3.11 ISK 392

$3.66 ISK 460

-15.03%

Onion (1kg)

$2.11 ISK 265

$2.32 ISK 293

-9.05%

Lettuce (1 head)

$3.56 ISK 448

$3.14 ISK 395

13.38%

Water (1.5 liter bottle)

$1.38 ISK 173

$1.99 ISK 251

-30.65%

Cigarettes 20 Pack (Marlboro, Camel)

$15.43 ISK 1,944

$13.82 ISK 1,741

11.65%

Wine (Bottle)

$24.19 ISK 3,047

Local Beer (0.5 liter bottle)

$3.73 ISK 470

Imported Beer (0.33 liter bottle)

$1.09 ISK 138

$3.36 ISK 423

-67.56%

Taxi Start (Normal Tariff)

$6.50 ISK 819

Taxi (Normal Tariff) (1km)

$2.52 ISK 317

Taxi 1hour Waiting (Normal Tariff)

$85.5 ISK 10.8K

Gasoline (1 liter)

$2.55 ISK 321

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

$46.7K ISK 5.9M

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

$53.0K ISK 6.7M

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

$87.6 ISK 11.0K

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

$27.54 ISK 3,469

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

Cinema Ticket

$17.42 ISK 2,195

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

$325 ISK 41.0K

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.8M

Jeans (Levis 501 Or Similar)

$139 ISK 17.5K

Summer Dress (H&M, Zara, etc)

$61.3 ISK 7,727

Sport Shoes (Adidas, Nike)

$184 ISK 23.2K

Men's Leather Business Shoes

$267 ISK 33.6K

1-bedroom Apartment, Outside City Center (Monthly)

$2,944 ISK 370.9K

Buy Apartment Outside City Center (m2)

$1,181 ISK 148.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

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

Last update for Selfoss: January 13, 2026

Last update for Grundarfjordur: January 12, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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