Last update: Nov 2026

Cost of Living Comparison Between Selfoss and Njardvik

For one person, living is cheaper in Njardvik: $3,133 a month against $3,397 in Selfoss, rent and utilities included – about $3,200 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 Njardvik
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Njardvik Living Index

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Selfoss

🇮🇸 Iceland

$3,397

/mo nomad

Njardvik

🇮🇸 Iceland

$3,133

/mo nomad

Monthly Cost of Living

How much you'll spend in Selfoss and in Njardvik

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 Njardvik actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,397 in Selfoss versus $3,133 in Njardvik.

Selfoss $3,397
Njardvik $3,133

Estimated couple costs with rent: $2,424 in Selfoss versus $4,864 in Njardvik.

Selfoss $2,424
Njardvik $4,864

Monthly costs for a family of three with rent: $1,451 in Selfoss versus $6,596 in Njardvik.

Selfoss $1,451
Njardvik $6,596

Living in Selfoss is roughly 8% more expensive than in Njardvik.

Both cities are pricier than the global median: Selfoss 151% above, Njardvik 132% above.

Meal at Budget Restaurant

$24.20 ISK 2,940

Three-Course Dinner for Two, Mid-Range

$98.4 ISK 12.0K

Fast Food Meal (McDonalds, etc)

$20.19 ISK 2,453

$16.27 ISK 1,977

24.09%

Cappuccino

$6.46 ISK 784

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

$1.61 ISK 195

Water (0.33 liter bottle)

$2.41 ISK 292

Local Beer (0.5 liter draught)

$12.45 ISK 1,513

$10.53 ISK 1,280

18.23%

Imported Beer (0.33 liter bottle)

$12.43 ISK 1,510

Milk (1 liter)

$1.76 ISK 214

$2.12 ISK 258

-16.98%

White Bread (500g)

$7.43 ISK 903

$4.24 ISK 515

75.24%

Rice (white) (1kg)

$4.37 ISK 531

$3.64 ISK 443

20.05%

Eggs

$6.34 ISK 771

$7.20 ISK 875

-11.94%

Local Cheese (1kg)

$16.92 ISK 2,055

$21.85 ISK 2,655

-22.56%

Chicken Fillets (1kg)

$21.39 ISK 2,599

$24.79 ISK 3,012

-13.72%

Beef Round Steak (1kg)

$33.81 ISK 4,108

$41.37 ISK 5,027

-18.27%

Apples (1kg)

$2.83 ISK 344

$3.40 ISK 413

-16.76%

Banana (1kg)

$2.59 ISK 315

$2.85 ISK 347

-9.12%

Oranges (1kg)

$2.68 ISK 325

$3.13 ISK 381

-14.38%

Tomato (1kg)

$7.37 ISK 896

$6.54 ISK 795

12.69%

Potato (1kg)

$3.11 ISK 378

$3.95 ISK 480

-21.27%

Onion (1kg)

$2.16 ISK 262

$1.68 ISK 205

28.57%

Lettuce (1 head)

$3.49 ISK 424

$3.75 ISK 456

-6.93%

Water (1.5 liter bottle)

$1.40 ISK 170

$1.84 ISK 224

-23.91%

Cigarettes 20 Pack (Marlboro, Camel)

$15.52 ISK 1,886

$13.70 ISK 1,665

13.28%

Wine (Bottle)

$23.83 ISK 2,896

Local Beer (0.5 liter bottle)

$3.61 ISK 439

Imported Beer (0.33 liter bottle)

$1.16 ISK 142

$3.35 ISK 407

-65.37%

Taxi Start (Normal Tariff)

$6.57 ISK 799

Taxi (Normal Tariff) (1km)

$2.87 ISK 349

Taxi 1hour Waiting (Normal Tariff)

$81.0 ISK 9,846

Gasoline (1 liter)

$2.05 ISK 249

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

$67.8K ISK 8.2M

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

$56.3K ISK 6.8M

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

$96.1 ISK 11.7K

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

$32.14 ISK 3,905

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.4K

Gym Membership (Monthly)

$80.6 ISK 9,793

Cinema Ticket

$19.99 ISK 2,429

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

$1,198 ISK 145.5K

International Primary School, 1 Child (Yearly)

$26.0K ISK 3.2M

Jeans (Levis 501 Or Similar)

$122 ISK 14.8K

Summer Dress (H&M, Zara, etc)

$66.7 ISK 8,106

Sport Shoes (Adidas, Nike)

$183 ISK 22.2K

Men's Leather Business Shoes

$247 ISK 30.0K

1-bedroom Apartment, Outside City Center (Monthly)

$2,756 ISK 334.9K

$1,462 ISK 177.6K

88.53%

3-bedroom Apartment, Outside City Center (Monthly)

$2,674 ISK 324.9K

Average Monthly Net Salary (After Tax)

$4,080 ISK 495.7K

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: November 1, 2026

Last update for Njardvik: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Selfoss

–

Njardvik

$1.5K 46.7%

Groceries & Markets

Selfoss

–

Njardvik

$625 19.9%

Eating Out

Selfoss

–

Njardvik

$413 13.2%

Clothing & Footwear

Selfoss

–

Njardvik

$278 8.9%

Monthly Utilities & Internet

Selfoss

–

Njardvik

$214 6.8%

Sport & Entertainment

Selfoss

–

Njardvik

$121 3.9%

Getting Around

Selfoss

–

Njardvik

$21 * 0.7%

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

Good to know

🇮🇸 Selfoss

🇮🇸 Njardvik

🕒 Local time

00:09 12:09 AM

Same time as Selfoss

🌤 Weather

👥 Population

9,000

6,000

💱 Currency

Icelandic Króna ISK kr

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

Exchange rates and currency converter

On the map

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Selfoss Njardvik 75 km

From you

Selfoss
Njardvik

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 Njardvik: Cost of Living - Frequently Asked Questions

You’d need roughly $5,095 in Selfoss and $4,700 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 $3,397 per month in Selfoss versus $3,133 in Njardvik – Njardvik is about 8% cheaper, which adds up to real savings over time.

Both cities are expensive relative to $2,500. Njardvik is the more realistic option, but even there you’ll need to be disciplined with housing, food, and fun money.

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 both considered safe, so it’s unlikely to be the deciding factor between them.