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

Monthly Cost of Living

A single person spends $3,564 per month in Selfoss vs $1,632 in Hverageroi, rent included.

A couple spends around $2,499 per month in Selfoss vs $2,828 in Hverageroi, rent included.

A family of three spends $1,435 per month in Selfoss vs $4,025 in Hverageroi, rent included.

Selfoss costs about 118% more than Hverageroi, driven mainly by Eating Out.

Both Selfoss and Hverageroi sit above the global median – Selfoss by 166%, Hverageroi by 22%.

Meal at Budget Restaurant

$27.15 ISK 3,324

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.8K

Fast Food Meal (McDonalds, etc)

$20.26 ISK 2,481

$22.93 ISK 2,808

-11.64%

Cappuccino

$6.25 ISK 765

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

$3.37 ISK 412

Water (0.33 liter bottle)

$2.60 ISK 318

Local Beer (0.5 liter draught)

$12.03 ISK 1,473

$12.65 ISK 1,549

-4.90%

Imported Beer (0.33 liter bottle)

$11.15 ISK 1,365

Milk (1 liter)

$1.74 ISK 213

$1.90 ISK 232

-8.42%

White Bread (500g)

$7.26 ISK 889

$4.20 ISK 515

72.86%

Rice (white) (1kg)

$4.53 ISK 555

$3.71 ISK 455

22.10%

Eggs

$6.29 ISK 770

$6.20 ISK 759

1.45%

Local Cheese (1kg)

$16.50 ISK 2,021

$17.90 ISK 2,192

-7.82%

Chicken Fillets (1kg)

$20.92 ISK 2,561

$23.90 ISK 2,927

-12.47%

Beef Round Steak (1kg)

$33.41 ISK 4,091

$42.78 ISK 5,239

-21.90%

Apples (1kg)

$2.70 ISK 331

$3.36 ISK 411

-19.64%

Banana (1kg)

$2.62 ISK 320

$2.50 ISK 306

4.80%

Oranges (1kg)

$2.57 ISK 314

$2.99 ISK 366

-14.05%

Tomato (1kg)

$7.17 ISK 878

$4.89 ISK 599

46.63%

Potato (1kg)

$3.19 ISK 391

$3.66 ISK 449

-12.84%

Onion (1kg)

$2.05 ISK 251

$2.45 ISK 300

-16.33%

Lettuce (1 head)

$3.52 ISK 431

$3.16 ISK 386

11.39%

Water (1.5 liter bottle)

$1.38 ISK 169

$1.96 ISK 240

-29.59%

Cigarettes 20 Pack (Marlboro, Camel)

$14.96 ISK 1,832

$13.84 ISK 1,694

8.09%

Wine (Bottle)

$23.07 ISK 2,824

Local Beer (0.5 liter bottle)

$3.58 ISK 438

Imported Beer (0.33 liter bottle)

$1.15 ISK 140

$3.37 ISK 413

-65.88%

Taxi Start (Normal Tariff)

$6.48 ISK 793

Taxi (Normal Tariff) (1km)

$2.51 ISK 308

Taxi 1hour Waiting (Normal Tariff)

$84.8 ISK 10.4K

Gasoline (1 liter)

$2.48 ISK 304

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

$47.5K ISK 5.8M

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

$51.6K ISK 6.3M

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

$87.6 ISK 10.7K

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

$27.37 ISK 3,352

Internet (50+ Mbps, Unlimited Data)

$85.1 ISK 10.4K

Cinema Ticket

$17.57 ISK 2,152

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

$319 ISK 39.1K

International Primary School, 1 Child (Yearly)

$29.8K ISK 3.7M

Jeans (Levis 501 Or Similar)

$137 ISK 16.7K

Summer Dress (H&M, Zara, etc)

$61.4 ISK 7,519

Sport Shoes (Adidas, Nike)

$181 ISK 22.1K

Men's Leather Business Shoes

$266 ISK 32.6K

1-bedroom Apartment, Outside City Center (Monthly)

$2,864 ISK 350.7K

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: April 28, 2026

Last update for Hverageroi: April 27, 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 118% 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 $5,346 per month in Selfoss and $2,448 in Hverageroi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,564 in Selfoss and $1,632 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 $1,632, than in Selfoss at $3,564. 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.