Last update: Oct 2026

Cost of Living Comparison Between Selfoss and Kopavogur

For one person, living is cheaper in Kopavogur: $1,830 a month against $3,416 in Selfoss, rent and utilities included – about $19,000 less a year. Higher rent and utilities in Selfoss outweigh lower spending on other living expenses.

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Cost of Living Index in Kopavogur
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Kopavogur Living Index

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Selfoss

🇮🇸 Iceland

$3,416

/mo nomad

Kopavogur

🇮🇸 Iceland

$1,830

/mo nomad

Monthly Cost of Living

How much you'll spend in Selfoss and in Kopavogur

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Selfoss and in Kopavogur actually costs, broken down by who's living it.

A single person spends $3,416 per month in Selfoss vs $1,830 in Kopavogur, rent included.

Selfoss $3,416
Kopavogur $1,830

A couple spends around $2,439 per month in Selfoss vs $3,039 in Kopavogur, rent included.

Selfoss $2,439
Kopavogur $3,039

A family of three spends $1,461 per month in Selfoss vs $4,248 in Kopavogur, rent included.

Selfoss $1,461
Kopavogur $4,248

Selfoss costs about 87% more than Kopavogur.

Both Selfoss and Kopavogur sit above the global median – Selfoss by 151%, Kopavogur by 34%.

Meal at Budget Restaurant

$30.95 ISK 3,758

Three-Course Dinner for Two, Mid-Range

$88.1 ISK 10.7K

Fast Food Meal (McDonalds, etc)

$20.39 ISK 2,475

$23.70 ISK 2,878

-13.97%

Cappuccino

$6.55 ISK 795

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

$3.03 ISK 368

Water (0.33 liter bottle)

$3.20 ISK 388

Local Beer (0.5 liter draught)

$12.18 ISK 1,478

$10.84 ISK 1,316

12.36%

Imported Beer (0.33 liter bottle)

$12.15 ISK 1,475

Milk (1 liter)

$1.77 ISK 215

$1.68 ISK 204

5.36%

White Bread (500g)

$7.65 ISK 929

$4.32 ISK 525

77.08%

Rice (white) (1kg)

$4.55 ISK 552

$3.59 ISK 436

26.74%

Eggs

$6.49 ISK 787

$7.24 ISK 879

-10.36%

Local Cheese (1kg)

$17.25 ISK 2,094

$21.70 ISK 2,634

-20.51%

Chicken Fillets (1kg)

$21.56 ISK 2,617

$24.62 ISK 2,989

-12.43%

Beef Round Steak (1kg)

$33.60 ISK 4,078

$42.67 ISK 5,181

-21.26%

Apples (1kg)

$2.83 ISK 343

$3.31 ISK 401

-14.50%

Banana (1kg)

$2.70 ISK 328

$2.87 ISK 348

-5.92%

Oranges (1kg)

$2.72 ISK 330

$3.16 ISK 384

-13.92%

Tomato (1kg)

$7.25 ISK 880

$6.40 ISK 777

13.28%

Potato (1kg)

$3.24 ISK 394

$3.95 ISK 479

-17.97%

Onion (1kg)

$2.07 ISK 252

$1.69 ISK 205

22.49%

Lettuce (1 head)

$3.70 ISK 449

$3.68 ISK 447

0.54%

Water (1.5 liter bottle)

$1.34 ISK 163

$1.84 ISK 224

-27.17%

Cigarettes 20 Pack (Marlboro, Camel)

$15.61 ISK 1,895

$13.82 ISK 1,678

12.95%

Wine (Bottle)

$23.64 ISK 2,870

Local Beer (0.5 liter bottle)

$3.58 ISK 435

Imported Beer (0.33 liter bottle)

$1.15 ISK 140

$3.36 ISK 408

-65.77%

One-way Ticket (Public Transport)

$4.49 ISK 545

Public Transport Monthly Pass (Regular Price)

$72.3 ISK 8,778

Taxi Start (Normal Tariff)

$5.93 ISK 720

Taxi (Normal Tariff) (1km)

$2.86 ISK 348

Taxi 1hour Waiting (Normal Tariff)

$80.4 ISK 9,755

Gasoline (1 liter)

$2.03 ISK 247

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

$70.1K ISK 8.5M

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

$55.1K ISK 6.7M

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

$96.0 ISK 11.6K

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

$32.17 ISK 3,905

Internet (50+ Mbps, Unlimited Data)

$86.9 ISK 10.6K

Gym Membership (Monthly)

$70.8 ISK 8,591

Tennis Court (1 Hour on Weekend)

$53.0 ISK 6,439

Cinema Ticket

$16.73 ISK 2,031

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

$489 ISK 59.4K

International Primary School, 1 Child (Yearly)

$25.5K ISK 3.1M

Jeans (Levis 501 Or Similar)

$147 ISK 17.9K

Summer Dress (H&M, Zara, etc)

$53.1 ISK 6,450

Sport Shoes (Adidas, Nike)

$163 ISK 19.8K

Men's Leather Business Shoes

$253 ISK 30.8K

1-bedroom Apartment, Outside City Center (Monthly)

$2,771 ISK 336.4K

Buy Apartment in City Center (m2)

$6,640 ISK 806.1K

Buy Apartment Outside City Center (m2)

$6,533 ISK 793.1K

Average Monthly Net Salary (After Tax)

$5,258 ISK 638.4K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

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

Last update for Selfoss: October 25, 2026

Last update for Kopavogur: October 24, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Groceries & Markets

Selfoss

–

Kopavogur

$622 34%

Eating Out

Selfoss

–

Kopavogur

$501 27.4%

Clothing & Footwear

Selfoss

–

Kopavogur

$278 15.2%

Monthly Utilities & Internet

Selfoss

–

Kopavogur

$215 11.8%

Getting Around

Selfoss

–

Kopavogur

$111 6%

Sport & Entertainment

Selfoss

–

Kopavogur

$104 5.7%

Accommodation & Living

Selfoss

–

Kopavogur

- * 0%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Good to know

🇮🇸 Selfoss

🇮🇸 Kopavogur

🕒 Local time

13:47 1:47 PM

Same time as Selfoss

🌤 Weather

👥 Population

9,000

39,335

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

Exchange rates and currency converter

On the map

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Between locations

Selfoss Kopavogur 48 km

From you

Selfoss
Kopavogur

Distances are measured in a straight line. Your location is detected approximately.

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 Kopavogur: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $5,124 per month in Selfoss and $2,745 in Kopavogur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,416 in Selfoss and $1,830 in Kopavogur. That makes Kopavogur about 46% cheaper.

Interestingly, groceries are about 16% cheaper in Selfoss – one category where the pricier city actually offers better value.

A $3,000 monthly budget goes further in Kopavogur, where all-in costs run around $1,830, than in Selfoss at $3,416. In Kopavogur it covers expenses comfortably, while in Selfoss it requires careful planning or may not stretch far enough.

It depends on your priorities. Kopavogur has an edge in some lifestyle areas, with costs from $1,830 in Kopavogur to $3,416 in Selfoss. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.