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

Monthly Cost of Living

A single person spends $3,533 per month in Selfoss vs $1,641 in Hverageroi, rent included.

A couple spends around $2,478 per month in Selfoss vs $2,807 in Hverageroi, rent included.

A family of three spends $1,422 per month in Selfoss vs $3,973 in Hverageroi, rent included.

Selfoss costs about 115% more than Hverageroi, driven mainly by Eating Out.

Both Selfoss and Hverageroi sit above the global median – Selfoss by 163%, Hverageroi by 22%.

Meal at Budget Restaurant

$26.72 ISK 3,326

Three-Course Dinner for Two, Mid-Range

$143 ISK 17.8K

Fast Food Meal (McDonalds, etc)

$19.63 ISK 2,444

$22.83 ISK 2,843

-14.02%

Cappuccino

$6.01 ISK 748

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

$3.36 ISK 418

Water (0.33 liter bottle)

$2.65 ISK 330

Local Beer (0.5 liter draught)

$12.26 ISK 1,527

$12.94 ISK 1,611

-5.26%

Imported Beer (0.33 liter bottle)

$11.41 ISK 1,420

Milk (1 liter)

$1.75 ISK 218

$1.86 ISK 231

-5.91%

White Bread (500g)

$7.42 ISK 924

$4.29 ISK 535

72.96%

Rice (white) (1kg)

$4.32 ISK 538

$3.63 ISK 452

19.01%

Eggs

$6.22 ISK 774

$6.36 ISK 792

-2.20%

Local Cheese (1kg)

$16.97 ISK 2,113

$18.19 ISK 2,265

-6.71%

Chicken Fillets (1kg)

$21.17 ISK 2,635

$24.04 ISK 2,993

-11.94%

Beef Round Steak (1kg)

$33.10 ISK 4,121

$42.28 ISK 5,264

-21.71%

Apples (1kg)

$2.76 ISK 344

$3.32 ISK 413

-16.87%

Banana (1kg)

$2.59 ISK 322

$2.52 ISK 314

2.78%

Oranges (1kg)

$2.57 ISK 320

$3.08 ISK 384

-16.56%

Tomato (1kg)

$7.15 ISK 891

$4.90 ISK 610

45.92%

Potato (1kg)

$3.14 ISK 391

$3.58 ISK 445

-12.29%

Onion (1kg)

$2.07 ISK 257

$2.34 ISK 292

-11.54%

Lettuce (1 head)

$3.59 ISK 447

$3.07 ISK 383

16.94%

Water (1.5 liter bottle)

$1.34 ISK 167

$2.02 ISK 251

-33.66%

Cigarettes 20 Pack (Marlboro, Camel)

$15.37 ISK 1,914

$13.42 ISK 1,671

14.53%

Wine (Bottle)

$23.50 ISK 2,926

Local Beer (0.5 liter bottle)

$3.56 ISK 443

Imported Beer (0.33 liter bottle)

$1.10 ISK 137

$3.31 ISK 412

-66.77%

Taxi Start (Normal Tariff)

$6.51 ISK 810

Taxi (Normal Tariff) (1km)

$2.65 ISK 330

Taxi 1hour Waiting (Normal Tariff)

$86.3 ISK 10.7K

Gasoline (1 liter)

$2.48 ISK 308

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

$46.5K ISK 5.8M

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

$51.6K ISK 6.4M

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

$89.5 ISK 11.1K

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

$26.99 ISK 3,361

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.4K

Cinema Ticket

$17.94 ISK 2,234

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

$317 ISK 39.4K

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

Jeans (Levis 501 Or Similar)

$136 ISK 17.0K

Summer Dress (H&M, Zara, etc)

$60.5 ISK 7,532

Sport Shoes (Adidas, Nike)

$182 ISK 22.7K

Men's Leather Business Shoes

$261 ISK 32.5K

1-bedroom Apartment, Outside City Center (Monthly)

$2,884 ISK 359.0K

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: June 8, 2026

Last update for Hverageroi: June 6, 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 115% 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 $5,299 per month in Selfoss and $2,462 in Hverageroi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,533 in Selfoss and $1,641 in Hverageroi. The difference isn't just one category – it shows up across housing, food, transport, and services.

Interestingly, groceries are about 16% cheaper in Selfoss – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $2,000 monthly budget goes further in Hverageroi, where all-in costs run around $1,641, than in Selfoss at $3,533. 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.