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: $3,564 in Selfoss versus $3,074 in Njardvik.

Estimated couple costs with rent: $2,499 in Selfoss versus $4,807 in Njardvik.

Monthly costs for a family of three with rent: $1,435 in Selfoss versus $6,541 in Njardvik.

Living in Selfoss is roughly 16% more expensive than Njardvik, driven mainly by Eating Out.

Both cities are pricier than the global median: Selfoss 166% above, Njardvik 130% above.

Meal at Budget Restaurant

$24.55 ISK 3,007

Three-Course Dinner for Two, Mid-Range

$95.1 ISK 11.6K

Fast Food Meal (McDonalds, etc)

$20.26 ISK 2,481

$16.24 ISK 1,989

24.75%

Cappuccino

$6.13 ISK 751

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

$1.64 ISK 201

Water (0.33 liter bottle)

$2.43 ISK 297

Local Beer (0.5 liter draught)

$12.03 ISK 1,473

$10.35 ISK 1,268

16.23%

Imported Beer (0.33 liter bottle)

$11.45 ISK 1,402

Milk (1 liter)

$1.74 ISK 214

$1.94 ISK 238

-10.31%

White Bread (500g)

$7.26 ISK 889

$4.18 ISK 512

73.68%

Rice (white) (1kg)

$4.53 ISK 555

$3.72 ISK 455

21.77%

Eggs

$6.29 ISK 770

$6.48 ISK 794

-2.93%

Local Cheese (1kg)

$16.50 ISK 2,021

$17.99 ISK 2,203

-8.28%

Chicken Fillets (1kg)

$20.92 ISK 2,562

$23.66 ISK 2,898

-11.58%

Beef Round Steak (1kg)

$33.41 ISK 4,092

$42.52 ISK 5,208

-21.43%

Apples (1kg)

$2.70 ISK 331

$3.25 ISK 398

-16.92%

Banana (1kg)

$2.62 ISK 321

$2.50 ISK 306

4.80%

Oranges (1kg)

$2.57 ISK 314

$3.00 ISK 368

-14.33%

Tomato (1kg)

$7.17 ISK 878

$4.92 ISK 603

45.73%

Potato (1kg)

$3.19 ISK 391

$3.69 ISK 451

-13.55%

Onion (1kg)

$2.05 ISK 251

$2.31 ISK 283

-11.26%

Lettuce (1 head)

$3.52 ISK 431

$3.15 ISK 385

11.75%

Water (1.5 liter bottle)

$1.38 ISK 169

$2.00 ISK 245

-31.00%

Cigarettes 20 Pack (Marlboro, Camel)

$14.96 ISK 1,833

$13.51 ISK 1,655

10.73%

Wine (Bottle)

$23.29 ISK 2,852

Local Beer (0.5 liter bottle)

$3.73 ISK 457

Imported Beer (0.33 liter bottle)

$1.15 ISK 140

$3.26 ISK 400

-64.72%

Taxi Start (Normal Tariff)

$6.23 ISK 762

Taxi (Normal Tariff) (1km)

$2.57 ISK 315

Taxi 1hour Waiting (Normal Tariff)

$87.6 ISK 10.7K

Gasoline (1 liter)

$2.45 ISK 300

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)

$51.3K 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)

$27.85 ISK 3,410

Internet (50+ Mbps, Unlimited Data)

$86.0 ISK 10.5K

Gym Membership (Monthly)

$79.0 ISK 9,673

Cinema Ticket

$17.41 ISK 2,132

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

$315 ISK 38.6K

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.7M

Jeans (Levis 501 Or Similar)

$119 ISK 14.5K

Summer Dress (H&M, Zara, etc)

$61.3 ISK 7,507

Sport Shoes (Adidas, Nike)

$181 ISK 22.2K

Men's Leather Business Shoes

$269 ISK 32.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,864 ISK 350.8K

$1,456 ISK 178.3K

96.68%

3-bedroom Apartment, Outside City Center (Monthly)

$2,643 ISK 323.7K

Average Monthly Net Salary (After Tax)

$3,981 ISK 487.6K

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 Njardvik: 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 Njardvik: Cost of Living - Frequently Asked Questions

Selfoss and Njardvik differ by about 16% in total monthly costs ($3,564 vs $3,074 including rent). Njardvik is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $5,346 in Selfoss and $4,611 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 $3,564 per month in Selfoss versus $3,074 in Njardvik – a 16% gap that adds up to real savings over time for anyone picking the cheaper option.

At $3,074 in Njardvik versus $3,564 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 16% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.