Cost of Living Comparison Between Selfoss and Njardvik Cost of Living Comparison Between Selfoss and Njardvik

Monthly Cost of Living

Monthly costs for one person with rent: $3,462 in Selfoss versus $3,084 in Njardvik.

Estimated couple costs with rent: $2,428 in Selfoss versus $4,824 in Njardvik.

Monthly costs for a family of three with rent: $1,394 in Selfoss versus $6,564 in Njardvik.

Living in Selfoss is roughly 12% more expensive than in Njardvik, driven mainly by Clothing & Footwear.

Both cities are pricier than the global median: Selfoss 160% above, Njardvik 132% above.

Meal at Budget Restaurant

$23.99 ISK 2,965

Three-Course Dinner for Two, Mid-Range

$97.5 ISK 12.1K

Fast Food Meal (McDonalds, etc)

$20.38 ISK 2,519

$16.12 ISK 1,993

26.43%

Cappuccino

$6.07 ISK 751

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

$1.63 ISK 202

Water (0.33 liter bottle)

$2.43 ISK 301

Local Beer (0.5 liter draught)

$11.83 ISK 1,462

$10.60 ISK 1,310

11.60%

Imported Beer (0.33 liter bottle)

$11.11 ISK 1,373

Milk (1 liter)

$1.74 ISK 215

$1.86 ISK 230

-6.45%

White Bread (500g)

$7.09 ISK 876

$4.19 ISK 518

69.21%

Rice (white) (1kg)

$4.28 ISK 529

$3.56 ISK 440

20.22%

Eggs

$6.43 ISK 795

$6.29 ISK 777

2.23%

Local Cheese (1kg)

$16.96 ISK 2,096

$18.07 ISK 2,233

-6.14%

Chicken Fillets (1kg)

$20.63 ISK 2,549

$23.80 ISK 2,941

-13.32%

Beef Round Steak (1kg)

$32.75 ISK 4,047

$42.65 ISK 5,272

-23.21%

Apples (1kg)

$2.69 ISK 333

$3.30 ISK 408

-18.48%

Banana (1kg)

$2.65 ISK 328

$2.41 ISK 298

9.96%

Oranges (1kg)

$2.61 ISK 323

$2.96 ISK 366

-11.82%

Tomato (1kg)

$7.27 ISK 898

$5.14 ISK 636

41.44%

Potato (1kg)

$3.18 ISK 393

$3.51 ISK 434

-9.40%

Onion (1kg)

$2.07 ISK 256

$2.44 ISK 302

-15.16%

Lettuce (1 head)

$3.56 ISK 440

$3.18 ISK 393

11.95%

Water (1.5 liter bottle)

$1.38 ISK 171

$1.94 ISK 240

-28.87%

Cigarettes 20 Pack (Marlboro, Camel)

$15.41 ISK 1,904

$13.76 ISK 1,701

11.99%

Wine (Bottle)

$23.07 ISK 2,851

Local Beer (0.5 liter bottle)

$3.68 ISK 455

Imported Beer (0.33 liter bottle)

$1.14 ISK 141

$3.38 ISK 417

-66.27%

Taxi Start (Normal Tariff)

$6.47 ISK 800

Taxi (Normal Tariff) (1km)

$2.54 ISK 314

Taxi 1hour Waiting (Normal Tariff)

$85.6 ISK 10.6K

Gasoline (1 liter)

$2.56 ISK 317

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

$46.9K ISK 5.8M

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

$52.4K ISK 6.5M

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)

$27.25 ISK 3,368

Internet (50+ Mbps, Unlimited Data)

$86.4 ISK 10.7K

Gym Membership (Monthly)

$79.4 ISK 9,814

Cinema Ticket

$17.27 ISK 2,134

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

$325 ISK 40.2K

International Primary School, 1 Child (Yearly)

$29.8K ISK 3.7M

Jeans (Levis 501 Or Similar)

$123 ISK 15.1K

Summer Dress (H&M, Zara, etc)

$61.0 ISK 7,540

Sport Shoes (Adidas, Nike)

$183 ISK 22.6K

Men's Leather Business Shoes

$268 ISK 33.1K

1-bedroom Apartment, Outside City Center (Monthly)

$2,903 ISK 358.8K

$1,466 ISK 181.1K

98.05%

3-bedroom Apartment, Outside City Center (Monthly)

$2,609 ISK 322.5K

Average Monthly Net Salary (After Tax)

$3,915 ISK 483.9K

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 Njardvik: July 26, 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 Njardvik: Cost of Living - Frequently Asked Questions

Selfoss and Njardvik differ by about 12% in total monthly costs ($3,462 vs $3,084 including rent). Njardvik is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $5,192 in Selfoss and $4,626 in Njardvik to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Selfoss pay roughly 17% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $3,462 per month in Selfoss versus $3,084 in Njardvik – a 12% gap that adds up to real savings over time for anyone picking the cheaper option.

At $3,084 in Njardvik versus $3,462 in Selfoss, a $2,500 budget is realistic in Njardvik but tight or insufficient in Selfoss. The gap between the two cities makes Njardvik the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Selfoss and Njardvik are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Njardvik gentler on the wallet – expenses run 12% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.