Last update: Oct 2026

Cost of Living Comparison Between Timbo and Reykjavik

For one person, living is cheaper in Timbo: $764 a month against $4,023 in Reykjavik, rent and utilities included – about $39,100 less a year. Rent and utilities account for most of the difference.

37

Cost of Living Index in Timbo
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Timbo Living Index
193

Cost of Living Index in Reykjavik
Learn more

Reykjavik Living Index

Jump to prices

Timbo

🇧🇷 Brazil

$764

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,023

/mo nomad

Monthly Cost of Living

How much you'll spend in Timbo and in Reykjavik

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Timbo and in Reykjavik actually costs, broken down by who's living it.

A single person spends $764 per month in Timbo vs $4,023 in Reykjavik, rent included.

Timbo $764
Reykjavik $4,023

A couple spends around $1,250 per month in Timbo vs $5,708 in Reykjavik, rent included.

Timbo $1,250
Reykjavik $5,708

A family of three spends $1,737 per month in Timbo vs $7,393 in Reykjavik, rent included.

Timbo $1,737
Reykjavik $7,393

Timbo is about 81% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Timbo sits 44% below the global median, while Reykjavik is 197% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$4.90 R$24.82

$31.00 ISK 3,760

-84.19%

Three-Course Dinner for Two, Mid-Range

$39.89 R$202

$123 ISK 14.9K

-67.62%

Fast Food Meal (McDonalds, etc)

$3.93 R$19.90

$27.21 ISK 3,300

-85.56%

Cappuccino

$2.05 R$10.41

$6.90 ISK 837

-70.29%

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

$1.07 R$5.44

$3.30 ISK 401

-67.58%

Water (0.33 liter bottle)

$0.71 R$3.60

$3.16 ISK 384

-77.53%

Local Beer (0.5 liter draught)

$1.89 R$9.57

$13.84 ISK 1,678

-86.34%

Imported Beer (0.33 liter bottle)

$2.35 R$11.93

$12.46 ISK 1,512

-81.14%

Milk (1 liter)

$0.93 R$4.69

$2.06 ISK 250

-54.85%

White Bread (500g)

$1.47 R$7.47

$4.11 ISK 498

-64.23%

Rice (white) (1kg)

$0.93 R$4.72

$3.68 ISK 446

-74.73%

Eggs

$1.80 R$9.11

$7.27 ISK 882

-75.24%

Local Cheese (1kg)

$7.84 R$39.76

$21.79 ISK 2,643

-64.02%

Chicken Fillets (1kg)

$3.60 R$18.24

$23.95 ISK 2,905

-84.97%

Beef Round Steak (1kg)

$7.74 R$39.26

$41.43 ISK 5,025

-81.32%

Apples (1kg)

$1.83 R$9.29

$3.42 ISK 414

-46.49%

Banana (1kg)

$0.72 R$3.65

$2.84 ISK 344

-74.65%

Oranges (1kg)

$0.83 R$4.20

$3.23 ISK 391

-74.30%

Tomato (1kg)

$1.34 R$6.81

$6.46 ISK 783

-79.26%

Potato (1kg)

$0.86 R$4.35

$4.05 ISK 491

-78.77%

Onion (1kg)

$0.78 R$3.96

$1.66 ISK 202

-53.01%

Lettuce (1 head)

$0.63 R$3.18

$3.86 ISK 468

-83.68%

Water (1.5 liter bottle)

$0.83 R$4.20

$1.84 ISK 223

-54.89%

Cigarettes 20 Pack (Marlboro, Camel)

$1.63 R$8.25

$13.96 ISK 1,693

-88.32%

Wine (Bottle)

$4.99 R$25.28

$23.76 ISK 2,882

-79.00%

Local Beer (0.5 liter bottle)

$1.12 R$5.68

$3.54 ISK 430

-68.36%

Imported Beer (0.33 liter bottle)

$2.06 R$10.44

$3.44 ISK 418

-40.12%

One-way Ticket (Public Transport)

$1.03 R$5.24

$5.81 ISK 705

-82.27%

Public Transport Monthly Pass (Regular Price)

$44.44 R$225

$95.3 ISK 11.6K

-53.38%

Taxi Start (Normal Tariff)

$1.31 R$6.65

$6.72 ISK 815

-80.51%

Taxi (Normal Tariff) (1km)

$0.83 R$4.20

$2.81 ISK 340

-70.46%

Taxi 1hour Waiting (Normal Tariff)

$6.11 R$30.95

$81.3 ISK 9,866

-92.49%

Gasoline (1 liter)

$1.02 R$5.19

$2.12 ISK 257

-51.89%

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

$22.8K R$115.7K

$68.9K ISK 8.4M

-66.90%

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

$27.3K R$138.4K

$55.8K ISK 6.8M

-51.09%

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

$57.6 R$292

$95.8 ISK 11.6K

-39.89%

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

$12.86 R$65.2

$33.11 ISK 4,016

-61.16%

Internet (50+ Mbps, Unlimited Data)

$23.62 R$120

$87.2 ISK 10.6K

-72.90%

Gym Membership (Monthly)

$25.78 R$131

$101 ISK 12.3K

-74.50%

Tennis Court (1 Hour on Weekend)

$27.38 R$139

$50.7 ISK 6,155

-46.04%

Cinema Ticket

$5.84 R$29.62

$19.85 ISK 2,407

-70.58%

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

$238 R$1,204

$1,195 ISK 144.9K

-80.12%

International Primary School, 1 Child (Yearly)

$2,918 R$14.8K

$26.2K ISK 3.2M

-88.87%

Jeans (Levis 501 Or Similar)

$31.48 R$160

$148 ISK 18.0K

-78.77%

Summer Dress (H&M, Zara, etc)

$40.18 R$204

$66.8 ISK 8,096

-39.81%

Sport Shoes (Adidas, Nike)

$59.2 R$300

$187 ISK 22.6K

-68.26%

Men's Leather Business Shoes

$49.89 R$253

$253 ISK 30.6K

-80.25%

1-bedroom Apartment, City Center (Monthly)

$351 R$1,781

$2,579 ISK 312.8K

-86.37%

1-bedroom Apartment, Outside City Center (Monthly)

$241 R$1,223

$2,080 ISK 252.3K

-88.41%

3-bedroom Apartment, City Center (Monthly)

$662 R$3,354

$3,455 ISK 419.0K

-80.85%

3-bedroom Apartment, Outside City Center (Monthly)

$477 R$2,419

$2,752 ISK 333.8K

-82.66%

Buy Apartment in City Center (m2)

$1,726 R$8,751

$7,933 ISK 962.2K

-78.24%

Buy Apartment Outside City Center (m2)

$1,213 R$6,151

$6,377 ISK 773.5K

-80.97%

Average Monthly Net Salary (After Tax)

$713 R$3,613

$4,695 ISK 569.5K

-84.82%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

24.86%

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

Last update for Timbo: October 19, 2026

Last update for Reykjavik: October 20, 2026

Monthly budget structure

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

Accommodation & Living

Timbo

$241 31.6%

Reykjavik

$2.1K 51.7% 763% $1.8K

Groceries & Markets

Timbo

$159 20.9%

Reykjavik

$619 15.4% 288% $460

Eating Out

Timbo

$97 12.7%

Reykjavik

$532 13.2% 450% $436

Monthly Utilities & Internet

Timbo

$94 12.3%

Reykjavik

$216 5.4% 130% $122

Clothing & Footwear

Timbo

$81 10.6%

Reykjavik

$294 7.3% 262% $213

Getting Around

Timbo

$54 7.1%

Reykjavik

$139 3.5% 158% $85

Sport & Entertainment

Timbo

$37 4.9%

Reykjavik

$141 3.5% 276% $103

Cost Breakdown

A central one-bedroom costs $351 in Timbo versus $2,579 in Reykjavik. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 559% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $40.00 in Timbo versus $123 in Reykjavik. Monthly groceries follow the same trend: $159 vs $619 – making Timbo the more affordable choice for daily food spending.

Good to know

🇧🇷 Timbo

🇮🇸 Reykjavik

🕒 Local time

13:05 1:05 PM

16:05 4:05 PM

3 h ahead of Timbo

🌤 Weather

👥 Population

46,099

136,894 Capital

💱 Currency

Brazilian Real BRL R$

Icelandic Króna ISK kr

📈 Exchange rate

1 BRL = 0.197 USD

1 BRL = 0.175 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to BRL – Brazilian Real Converter

🇺🇸 United States Dollar ($)

🇧🇷 Brazilian Real (R$)

Brazilian Real exchange rates as of October 20, 2026: 1 USD = 5.07 BRL (1 BRL = 0.197 USD). 1 EUR = 5.7 BRL (1 BRL = 0.175 EUR).

Icelandic Króna exchange rates as of October 20, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to BRL in detail →

On the map

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Highest

Between locations

Timbo Reykjavik 10,390 km ≈ 13 h nonstop flight

From you

Timbo
Reykjavik

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

Timbo vs Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 426% more than Timbo, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $1,147 per month in Timbo and $6,034 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Timbo, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $764 in Timbo and $4,023 in Reykjavik. That's a gap of about 426%.

Public transport costs about 115% less in Timbo. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Timbo, where all-in costs run around $764, than in Reykjavik at $4,023. In Timbo it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Timbo costs $764 versus $4,023 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Timbo. If higher salaries, better infrastructure, or specific career opportunities are the priority, Reykjavik makes more sense. Both are solid long-term options with distinct trade-offs.