Cost of Living Comparison Between Selfoss and Reykjahlid Cost of Living Comparison Between Selfoss and Reykjahlid

Monthly Cost of Living

Monthly costs for one person with rent: $3,564 in Selfoss versus $178 in Reykjahlid.

Estimated couple costs with rent: $2,499 in Selfoss versus $262 in Reykjahlid.

Monthly costs for a family of three with rent: $1,435 in Selfoss versus $346 in Reykjahlid.

Living in Selfoss is roughly 1906% more expensive than Reykjahlid, driven mainly by Groceries & Markets.

The two cities straddle the global median: Selfoss is 166% above, Reykjahlid is 87% below.

Fast Food Meal (McDonalds, etc)

$20.26 ISK 2,481

Cappuccino

$6.00 ISK 735

Local Beer (0.5 liter draught)

$12.03 ISK 1,473

$11.75 ISK 1,439

2.38%

Imported Beer (0.33 liter bottle)

$11.68 ISK 1,430

Milk (1 liter)

$1.74 ISK 213

$2.36 ISK 289

-26.27%

White Bread (500g)

$7.26 ISK 889

Rice (white) (1kg)

$4.53 ISK 555

Eggs

$6.29 ISK 770

Local Cheese (1kg)

$16.50 ISK 2,021

Chicken Fillets (1kg)

$20.92 ISK 2,561

Beef Round Steak (1kg)

$33.41 ISK 4,091

Apples (1kg)

$2.70 ISK 331

Banana (1kg)

$2.62 ISK 320

Oranges (1kg)

$2.57 ISK 314

Tomato (1kg)

$7.17 ISK 878

Potato (1kg)

$3.19 ISK 391

Onion (1kg)

$2.05 ISK 251

Lettuce (1 head)

$3.52 ISK 431

Water (1.5 liter bottle)

$1.38 ISK 169

Cigarettes 20 Pack (Marlboro, Camel)

$14.96 ISK 1,832

Imported Beer (0.33 liter bottle)

$1.15 ISK 140

1-bedroom Apartment, Outside City Center (Monthly)

$2,864 ISK 350.7K

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

Last update for Selfoss: April 28, 2026

Last update for Reykjahlid: April 25, 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 Reykjahlid: Cost of Living - Frequently Asked Questions

Selfoss and Reykjahlid differ by about 1906% in total monthly costs ($3,564 vs $178 including rent). Reykjahlid 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 $267 in Reykjahlid 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.

Supermarket bills run roughly 2061% higher in Selfoss. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $3,564 per month in Selfoss versus $178 in Reykjahlid – a 1906% gap that adds up to real savings over time for anyone picking the cheaper option.

Either city works on $1,200 a month, though Reykjahlid gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

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 Reykjahlid 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 Reykjahlid gentler on the wallet – expenses run 1906% less than in Selfoss. Beyond cost, consider language, visa policies, and how big the international community is in each city.