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: $3,496 in Selfoss versus $3,130 in Njardvik.

Estimated couple costs with rent: $2,470 in Selfoss versus $4,952 in Njardvik.

Monthly costs for a family of three with rent: $1,444 in Selfoss versus $6,774 in Njardvik.

Living in Selfoss is roughly 12% more expensive than in Njardvik, driven mainly by Eating Out.

Both cities are pricier than the global median: Selfoss 156% above, Njardvik 129% above.

Meal at Budget Restaurant

$25.22 ISK 3,058

Three-Course Dinner for Two, Mid-Range

$98.6 ISK 12.0K

Fast Food Meal (McDonalds, etc)

$20.93 ISK 2,538

$16.48 ISK 1,998

27.00%

Cappuccino

$6.49 ISK 787

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

$1.67 ISK 202

Water (0.33 liter bottle)

$2.50 ISK 303

Local Beer (0.5 liter draught)

$12.41 ISK 1,505

$10.65 ISK 1,292

16.53%

Imported Beer (0.33 liter bottle)

$12.59 ISK 1,527

Milk (1 liter)

$1.76 ISK 214

$2.03 ISK 246

-13.30%

White Bread (500g)

$7.28 ISK 882

$4.34 ISK 526

67.74%

Rice (white) (1kg)

$4.49 ISK 544

$3.55 ISK 431

26.48%

Eggs

$6.59 ISK 799

$7.17 ISK 870

-8.09%

Local Cheese (1kg)

$17.00 ISK 2,062

$21.03 ISK 2,551

-19.16%

Chicken Fillets (1kg)

$21.05 ISK 2,552

$25.01 ISK 3,033

-15.83%

Beef Round Steak (1kg)

$34.45 ISK 4,177

$42.55 ISK 5,160

-19.04%

Apples (1kg)

$2.74 ISK 332

$3.46 ISK 420

-20.81%

Banana (1kg)

$2.70 ISK 327

$2.85 ISK 346

-5.26%

Oranges (1kg)

$2.64 ISK 320

$3.32 ISK 402

-20.48%

Tomato (1kg)

$7.04 ISK 853

$6.51 ISK 789

8.14%

Potato (1kg)

$3.27 ISK 397

$4.14 ISK 502

-21.01%

Onion (1kg)

$2.17 ISK 263

$1.63 ISK 198

33.13%

Lettuce (1 head)

$3.56 ISK 431

$3.68 ISK 446

-3.26%

Water (1.5 liter bottle)

$1.42 ISK 172

$1.81 ISK 220

-21.55%

Cigarettes 20 Pack (Marlboro, Camel)

$15.55 ISK 1,885

$13.87 ISK 1,681

12.11%

Wine (Bottle)

$23.74 ISK 2,879

Local Beer (0.5 liter bottle)

$3.80 ISK 461

Imported Beer (0.33 liter bottle)

$1.18 ISK 143

$3.39 ISK 411

-65.19%

Taxi Start (Normal Tariff)

$6.77 ISK 821

Taxi (Normal Tariff) (1km)

$2.93 ISK 356

Taxi 1hour Waiting (Normal Tariff)

$75.4 ISK 9,138

Gasoline (1 liter)

$2.04 ISK 247

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

$51.0K ISK 6.2M

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

$54.1K ISK 6.6M

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

$89.9 ISK 10.9K

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

$32.46 ISK 3,936

Internet (50+ Mbps, Unlimited Data)

$86.1 ISK 10.4K

Gym Membership (Monthly)

$82.1 ISK 9,953

Cinema Ticket

$19.92 ISK 2,415

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

$1,196 ISK 145.0K

International Primary School, 1 Child (Yearly)

$30.8K ISK 3.7M

Jeans (Levis 501 Or Similar)

$125 ISK 15.2K

Summer Dress (H&M, Zara, etc)

$65.6 ISK 7,951

Sport Shoes (Adidas, Nike)

$177 ISK 21.5K

Men's Leather Business Shoes

$251 ISK 30.5K

1-bedroom Apartment, Outside City Center (Monthly)

$2,832 ISK 343.4K

$1,463 ISK 177.5K

93.51%

3-bedroom Apartment, Outside City Center (Monthly)

$2,733 ISK 331.4K

Average Monthly Net Salary (After Tax)

$4,099 ISK 497.0K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.88

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

Last update for Selfoss: September 12, 2026

Last update for Njardvik: September 15, 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 ($3,496 vs $3,130 including rent). Njardvik is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $5,244 in Selfoss and $4,695 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 21% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $3,496 per month in Selfoss versus $3,130 in Njardvik – a 12% gap that adds up to real savings over time for anyone picking the cheaper option.

At $3,130 in Njardvik versus $3,496 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.