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

Monthly Cost of Living

A single person spends $3,496 per month in Selfoss vs $1,687 in Hverageroi, rent included.

A couple spends around $2,470 per month in Selfoss vs $2,943 in Hverageroi, rent included.

A family of three spends $1,444 per month in Selfoss vs $4,199 in Hverageroi, rent included.

Selfoss costs about 107% more than Hverageroi, driven mainly by Eating Out.

Both Selfoss and Hverageroi sit above the global median – Selfoss by 156%, Hverageroi by 23%.

Meal at Budget Restaurant

$30.69 ISK 3,738

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

Fast Food Meal (McDonalds, etc)

$20.93 ISK 2,549

$27.26 ISK 3,321

-23.22%

Cappuccino

$6.82 ISK 830

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

$3.36 ISK 410

Water (0.33 liter bottle)

$3.29 ISK 401

Local Beer (0.5 liter draught)

$12.41 ISK 1,512

$13.92 ISK 1,695

-10.85%

Imported Beer (0.33 liter bottle)

$12.18 ISK 1,483

Milk (1 liter)

$1.76 ISK 215

$2.02 ISK 246

-12.87%

White Bread (500g)

$7.28 ISK 886

$4.42 ISK 538

64.71%

Rice (white) (1kg)

$4.49 ISK 546

$3.52 ISK 429

27.56%

Eggs

$6.59 ISK 802

$7.38 ISK 899

-10.70%

Local Cheese (1kg)

$17.00 ISK 2,071

$21.40 ISK 2,606

-20.56%

Chicken Fillets (1kg)

$21.05 ISK 2,564

$25.22 ISK 3,072

-16.53%

Beef Round Steak (1kg)

$34.45 ISK 4,196

$42.20 ISK 5,140

-18.36%

Apples (1kg)

$2.74 ISK 333

$3.33 ISK 406

-17.72%

Banana (1kg)

$2.70 ISK 329

$2.81 ISK 342

-3.91%

Oranges (1kg)

$2.64 ISK 321

$3.33 ISK 406

-20.72%

Tomato (1kg)

$7.04 ISK 857

$6.23 ISK 759

13.00%

Potato (1kg)

$3.27 ISK 398

$3.96 ISK 483

-17.42%

Onion (1kg)

$2.17 ISK 264

$1.67 ISK 203

29.94%

Lettuce (1 head)

$3.56 ISK 433

$3.80 ISK 463

-6.32%

Water (1.5 liter bottle)

$1.42 ISK 173

$1.82 ISK 222

-21.98%

Cigarettes 20 Pack (Marlboro, Camel)

$15.55 ISK 1,894

$13.77 ISK 1,677

12.93%

Wine (Bottle)

$24.28 ISK 2,958

Local Beer (0.5 liter bottle)

$3.82 ISK 465

Imported Beer (0.33 liter bottle)

$1.18 ISK 144

$3.47 ISK 423

-65.99%

Taxi Start (Normal Tariff)

$6.80 ISK 828

Taxi (Normal Tariff) (1km)

$2.88 ISK 350

Taxi 1hour Waiting (Normal Tariff)

$75.4 ISK 9,179

Gasoline (1 liter)

$2.03 ISK 247

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

$51.0K ISK 6.2M

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

$54.4K ISK 6.6M

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

$88.7 ISK 10.8K

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

$33.35 ISK 4,062

Internet (50+ Mbps, Unlimited Data)

$83.6 ISK 10.2K

Cinema Ticket

$20.06 ISK 2,444

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

$1,179 ISK 143.6K

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.7M

Jeans (Levis 501 Or Similar)

$156 ISK 19.1K

Summer Dress (H&M, Zara, etc)

$65.9 ISK 8,021

Sport Shoes (Adidas, Nike)

$179 ISK 21.8K

Men's Leather Business Shoes

$254 ISK 30.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,832 ISK 344.9K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.88

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

Last update for Selfoss: September 12, 2026

Last update for Hverageroi: September 12, 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 107% 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 $5,244 per month in Selfoss and $2,531 in Hverageroi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,496 in Selfoss and $1,687 in Hverageroi. The difference isn't just one category – it shows up across housing, food, transport, and services.

Interestingly, groceries are about 22% 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 $1,687, than in Selfoss at $3,496. 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.