Cost of Living Comparison Between Selfoss and Hverageroi Cost of Living Comparison Between Selfoss and Hverageroi

Monthly Cost of Living

A single person spends $3,462 per month in Selfoss vs $1,595 in Hverageroi, rent included.

A couple spends around $2,428 per month in Selfoss vs $2,773 in Hverageroi, rent included.

A family of three spends $1,394 per month in Selfoss vs $3,950 in Hverageroi, rent included.

Selfoss costs about 117% more than Hverageroi, driven mainly by Eating Out.

Both Selfoss and Hverageroi sit above the global median – Selfoss by 160%, Hverageroi by 20%.

Meal at Budget Restaurant

$27.09 ISK 3,348

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.9K

Fast Food Meal (McDonalds, etc)

$20.38 ISK 2,519

$22.84 ISK 2,824

-10.77%

Cappuccino

$6.16 ISK 761

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

$3.28 ISK 405

Water (0.33 liter bottle)

$2.52 ISK 312

Local Beer (0.5 liter draught)

$11.83 ISK 1,462

$13.11 ISK 1,620

-9.76%

Imported Beer (0.33 liter bottle)

$11.32 ISK 1,399

Milk (1 liter)

$1.74 ISK 215

$1.93 ISK 238

-9.84%

White Bread (500g)

$7.09 ISK 876

$4.38 ISK 541

61.87%

Rice (white) (1kg)

$4.28 ISK 529

$3.58 ISK 442

19.55%

Eggs

$6.43 ISK 795

$6.42 ISK 793

0.16%

Local Cheese (1kg)

$16.96 ISK 2,096

$17.86 ISK 2,208

-5.04%

Chicken Fillets (1kg)

$20.63 ISK 2,549

$23.89 ISK 2,953

-13.65%

Beef Round Steak (1kg)

$32.75 ISK 4,047

$42.82 ISK 5,293

-23.52%

Apples (1kg)

$2.69 ISK 333

$3.33 ISK 412

-19.22%

Banana (1kg)

$2.65 ISK 328

$2.53 ISK 313

4.74%

Oranges (1kg)

$2.61 ISK 323

$3.06 ISK 379

-14.71%

Tomato (1kg)

$7.27 ISK 898

$5.11 ISK 632

42.27%

Potato (1kg)

$3.18 ISK 393

$3.70 ISK 458

-14.05%

Onion (1kg)

$2.07 ISK 256

$2.36 ISK 292

-12.29%

Lettuce (1 head)

$3.56 ISK 440

$3.08 ISK 381

15.58%

Water (1.5 liter bottle)

$1.38 ISK 171

$1.96 ISK 242

-29.59%

Cigarettes 20 Pack (Marlboro, Camel)

$15.41 ISK 1,904

$13.64 ISK 1,686

12.98%

Wine (Bottle)

$23.21 ISK 2,869

Local Beer (0.5 liter bottle)

$3.72 ISK 460

Imported Beer (0.33 liter bottle)

$1.14 ISK 141

$3.37 ISK 416

-66.17%

Taxi Start (Normal Tariff)

$6.36 ISK 786

Taxi (Normal Tariff) (1km)

$2.57 ISK 318

Taxi 1hour Waiting (Normal Tariff)

$85.1 ISK 10.5K

Gasoline (1 liter)

$2.48 ISK 307

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

$48.0K ISK 5.9M

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

$53.1K ISK 6.6M

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

$86.4 ISK 10.7K

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

$27.06 ISK 3,344

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.4K

Cinema Ticket

$17.76 ISK 2,195

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

$320 ISK 39.5K

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

Jeans (Levis 501 Or Similar)

$138 ISK 17.1K

Summer Dress (H&M, Zara, etc)

$61.8 ISK 7,643

Sport Shoes (Adidas, Nike)

$184 ISK 22.8K

Men's Leather Business Shoes

$261 ISK 32.3K

1-bedroom Apartment, Outside City Center (Monthly)

$2,903 ISK 358.8K

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: July 25, 2026

Last update for Hverageroi: July 25, 2026

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

Selfoss vs Hverageroi: Cost of Living - Frequently Asked Questions

Selfoss costs about 117% more than Hverageroi, with the gap driven mainly by 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 $5,192 per month in Selfoss and $2,393 in Hverageroi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,462 in Selfoss and $1,595 in Hverageroi. The difference isn't just one category – it shows up across housing, food, transport, and services.

Interestingly, groceries are about 18% cheaper in Selfoss – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,000 monthly budget goes further in Hverageroi, where all-in costs run around $1,595, than in Selfoss at $3,462. In Hverageroi it covers expenses comfortably, while in Selfoss it requires careful planning or may not stretch far enough.

Families tend to lean toward Hverageroi – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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 Hverageroi. If higher salaries, better infrastructure, or specific career opportunities are the priority, Selfoss makes more sense. Both are solid long-term options with distinct trade-offs.