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: $3,533 in Selfoss versus $3,061 in Njardvik.

Estimated couple costs with rent: $2,478 in Selfoss versus $4,716 in Njardvik.

Monthly costs for a family of three with rent: $1,422 in Selfoss versus $6,371 in Njardvik.

Living in Selfoss is roughly 15% more expensive than Njardvik, driven mainly by Eating Out.

Both cities are pricier than the global median: Selfoss 163% above, Njardvik 128% above.

Meal at Budget Restaurant

$24.24 ISK 3,018

Three-Course Dinner for Two, Mid-Range

$95.0 ISK 11.8K

Fast Food Meal (McDonalds, etc)

$19.63 ISK 2,444

$16.37 ISK 2,038

19.91%

Cappuccino

$5.97 ISK 743

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

$1.63 ISK 203

Water (0.33 liter bottle)

$2.33 ISK 290

Local Beer (0.5 liter draught)

$12.26 ISK 1,527

$10.46 ISK 1,303

17.21%

Imported Beer (0.33 liter bottle)

$11.41 ISK 1,420

Milk (1 liter)

$1.75 ISK 218

$1.93 ISK 241

-9.33%

White Bread (500g)

$7.42 ISK 924

$4.35 ISK 541

70.57%

Rice (white) (1kg)

$4.32 ISK 538

$3.71 ISK 462

16.44%

Eggs

$6.22 ISK 774

$6.32 ISK 787

-1.58%

Local Cheese (1kg)

$16.97 ISK 2,113

$18.26 ISK 2,273

-7.06%

Chicken Fillets (1kg)

$21.17 ISK 2,635

$24.23 ISK 3,016

-12.63%

Beef Round Steak (1kg)

$33.10 ISK 4,121

$42.48 ISK 5,289

-22.08%

Apples (1kg)

$2.76 ISK 344

$3.32 ISK 413

-16.87%

Banana (1kg)

$2.59 ISK 322

$2.49 ISK 310

4.02%

Oranges (1kg)

$2.57 ISK 320

$2.97 ISK 370

-13.47%

Tomato (1kg)

$7.15 ISK 891

$5.02 ISK 625

42.43%

Potato (1kg)

$3.14 ISK 391

$3.52 ISK 438

-10.80%

Onion (1kg)

$2.07 ISK 257

$2.41 ISK 300

-14.11%

Lettuce (1 head)

$3.59 ISK 447

$3.10 ISK 386

15.81%

Water (1.5 liter bottle)

$1.34 ISK 167

$2.00 ISK 249

-33.00%

Cigarettes 20 Pack (Marlboro, Camel)

$15.37 ISK 1,914

$13.52 ISK 1,683

13.68%

Wine (Bottle)

$23.74 ISK 2,956

Local Beer (0.5 liter bottle)

$3.74 ISK 465

Imported Beer (0.33 liter bottle)

$1.10 ISK 137

$3.30 ISK 411

-66.67%

Taxi Start (Normal Tariff)

$6.48 ISK 807

Taxi (Normal Tariff) (1km)

$2.63 ISK 327

Taxi 1hour Waiting (Normal Tariff)

$87.2 ISK 10.9K

Gasoline (1 liter)

$2.56 ISK 319

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

$46.5K 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)

$86.2 ISK 10.7K

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

$27.96 ISK 3,481

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.7K

Gym Membership (Monthly)

$81.3 ISK 10.1K

Cinema Ticket

$17.85 ISK 2,223

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

$323 ISK 40.2K

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

Jeans (Levis 501 Or Similar)

$120 ISK 14.9K

Summer Dress (H&M, Zara, etc)

$62.7 ISK 7,810

Sport Shoes (Adidas, Nike)

$185 ISK 23.0K

Men's Leather Business Shoes

$264 ISK 32.9K

1-bedroom Apartment, Outside City Center (Monthly)

$2,884 ISK 359.0K

$1,459 ISK 181.7K

97.63%

3-bedroom Apartment, Outside City Center (Monthly)

$2,667 ISK 332.0K

Average Monthly Net Salary (After Tax)

$3,931 ISK 489.4K

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: June 8, 2026

Last update for Njardvik: June 8, 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 15% in total monthly costs ($3,533 vs $3,061 including rent). Njardvik is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $5,299 in Selfoss and $4,591 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 $3,533 per month in Selfoss versus $3,061 in Njardvik – a 15% gap that adds up to real savings over time for anyone picking the cheaper option.

At $3,061 in Njardvik versus $3,533 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 15% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.