Last update: Oct 2026

Cost of Living Comparison Between Valparaiso and Reykjavik

For one person, living is cheaper in Valparaiso: $1,097 a month against $4,002 in Reykjavik, rent and utilities included – about $34,900 less a year. Rent and utilities account for most of the difference.

53

Cost of Living Index in Valparaiso
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Valparaiso Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Valparaiso

🇨🇱 Chile

$1,097

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,002

/mo nomad

Monthly Cost of Living

How much you'll spend in Valparaiso 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 Valparaiso and in Reykjavik actually costs, broken down by who's living it.

A single person spends $1,097 per month in Valparaiso vs $4,002 in Reykjavik, rent included.

Valparaiso $1,097
Reykjavik $4,002

A couple spends around $1,615 per month in Valparaiso vs $5,705 in Reykjavik, rent included.

Valparaiso $1,615
Reykjavik $5,705

A family of three spends $2,133 per month in Valparaiso vs $7,407 in Reykjavik, rent included.

Valparaiso $2,133
Reykjavik $7,407

Valparaiso is about 73% cheaper than Reykjavik, and outside of rent the biggest gap is in groceries.

Valparaiso sits 19% below the global median, while Reykjavik is 196% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$9.15 CLP 9,012

$31.56 ISK 3,834

-71.01%

Three-Course Dinner for Two, Mid-Range

$35.79 CLP 35.3K

$122 ISK 14.9K

-70.75%

Fast Food Meal (McDonalds, etc)

$8.24 CLP 8,118

$26.86 ISK 3,263

-69.32%

Cappuccino

$2.80 CLP 2,754

$6.81 ISK 828

-58.88%

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

$1.13 CLP 1,109

$3.39 ISK 411

-66.67%

Water (0.33 liter bottle)

$0.83 CLP 818

$3.20 ISK 389

-74.06%

Local Beer (0.5 liter draught)

$3.97 CLP 3,907

$14.14 ISK 1,717

-71.92%

Imported Beer (0.33 liter bottle)

$4.46 CLP 4,396

$12.31 ISK 1,495

-63.77%

Milk (1 liter)

$1.24 CLP 1,225

$2.10 ISK 255

-40.95%

White Bread (500g)

$1.76 CLP 1,735

$4.19 ISK 509

-58.00%

Rice (white) (1kg)

$1.57 CLP 1,548

$3.72 ISK 452

-57.80%

Eggs

$3.94 CLP 3,881

$7.05 ISK 857

-44.11%

Local Cheese (1kg)

$11.32 CLP 11.1K

$21.56 ISK 2,619

-47.50%

Chicken Fillets (1kg)

$6.94 CLP 6,835

$24.68 ISK 2,998

-71.88%

Beef Round Steak (1kg)

$9.10 CLP 8,964

$42.19 ISK 5,125

-78.43%

Apples (1kg)

$1.61 CLP 1,588

$3.23 ISK 393

-50.15%

Banana (1kg)

$1.56 CLP 1,537

$2.73 ISK 332

-42.86%

Oranges (1kg)

$1.54 CLP 1,516

$3.17 ISK 385

-51.42%

Tomato (1kg)

$1.57 CLP 1,546

$6.61 ISK 804

-76.25%

Potato (1kg)

$0.95 CLP 936

$3.85 ISK 467

-75.32%

Onion (1kg)

$1.29 CLP 1,271

$1.66 ISK 201

-22.29%

Lettuce (1 head)

$1.19 CLP 1,169

$3.80 ISK 462

-68.68%

Water (1.5 liter bottle)

$1.13 CLP 1,110

$1.75 ISK 212

-35.43%

Cigarettes 20 Pack (Marlboro, Camel)

$4.30 CLP 4,233

$13.71 ISK 1,665

-68.64%

Wine (Bottle)

$5.13 CLP 5,052

$24.21 ISK 2,942

-78.81%

Local Beer (0.5 liter bottle)

$1.34 CLP 1,318

$3.53 ISK 429

-62.04%

Imported Beer (0.33 liter bottle)

$1.80 CLP 1,770

$3.32 ISK 403

-45.78%

One-way Ticket (Public Transport)

$0.58 CLP 570

$5.75 ISK 698

-89.91%

Public Transport Monthly Pass (Regular Price)

$52.1 CLP 51.3K

$93.8 ISK 11.4K

-44.48%

Taxi Start (Normal Tariff)

$0.39 CLP 389

$6.61 ISK 804

-94.10%

Taxi (Normal Tariff) (1km)

$0.84 CLP 825

$2.90 ISK 352

-71.03%

Taxi 1hour Waiting (Normal Tariff)

$3.69 CLP 3,631

$79.2 ISK 9,617

-95.34%

Gasoline (1 liter)

$1.44 CLP 1,417

$2.09 ISK 254

-31.10%

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

$14.3K CLP 14.1M

$51.0K ISK 6.2M

-72.03%

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

$18.7K CLP 18.4M

$53.3K ISK 6.5M

-64.87%

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

$115 CLP 112.9K

$95.3 ISK 11.6K

20.35%

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

$12.38 CLP 12.2K

$32.35 ISK 3,929

-61.73%

Internet (50+ Mbps, Unlimited Data)

$18.89 CLP 18.6K

$87.5 ISK 10.6K

-78.42%

Gym Membership (Monthly)

$24.08 CLP 23.7K

$102 ISK 12.4K

-76.36%

Tennis Court (1 Hour on Weekend)

$22.81 CLP 22.5K

$50.1 ISK 6,083

-54.45%

Cinema Ticket

$7.68 CLP 7,561

$19.88 ISK 2,415

-61.37%

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

$433 CLP 426.4K

$1,194 ISK 145.0K

-63.74%

International Primary School, 1 Child (Yearly)

$10.8K CLP 10.7M

$25.4K ISK 3.1M

-57.43%

Jeans (Levis 501 Or Similar)

$32.15 CLP 31.7K

$149 ISK 18.1K

-78.43%

Summer Dress (H&M, Zara, etc)

$28.47 CLP 28.0K

$66.6 ISK 8,093

-57.27%

Sport Shoes (Adidas, Nike)

$54.1 CLP 53.2K

$180 ISK 21.9K

-69.95%

Men's Leather Business Shoes

$49.03 CLP 48.3K

$253 ISK 30.8K

-80.64%

1-bedroom Apartment, City Center (Monthly)

$463 CLP 455.8K

$2,549 ISK 309.7K

-81.85%

1-bedroom Apartment, Outside City Center (Monthly)

$387 CLP 381.4K

$2,056 ISK 249.8K

-81.16%

3-bedroom Apartment, City Center (Monthly)

$669 CLP 658.5K

$3,498 ISK 424.9K

-80.89%

3-bedroom Apartment, Outside City Center (Monthly)

$554 CLP 545.5K

$2,764 ISK 335.7K

-79.96%

Buy Apartment in City Center (m2)

$1,543 CLP 1.5M

$8,120 ISK 986.4K

-80.99%

Buy Apartment Outside City Center (m2)

$1,037 CLP 1.0M

$6,254 ISK 759.7K

-83.42%

Average Monthly Net Salary (After Tax)

$758 CLP 746.9K

$4,573 ISK 555.5K

-83.42%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.39

8.81

-38.82%

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

Last update for Valparaiso: October 13, 2026

Last update for Reykjavik: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Valparaiso

$387 35.3%

Reykjavik

$2.1K 51.4% 431% $1.7K

Groceries & Markets

Valparaiso

$224 20.4%

Reykjavik

$623 15.6% 178% $399

Eating Out

Valparaiso

$168 15.3%

Reykjavik

$536 13.4% 219% $368

Monthly Utilities & Internet

Valparaiso

$146 13.3%

Reykjavik

$215 5.4% 47.4% $69

Clothing & Footwear

Valparaiso

$74 6.7%

Reykjavik

$292 7.3% 296% $218

Getting Around

Valparaiso

$59 5.4%

Reykjavik

$138 3.5% 134% $79

Sport & Entertainment

Valparaiso

$39 3.6%

Reykjavik

$142 3.5% 259% $102

Cost Breakdown

A central one-bedroom costs $463 in Valparaiso versus $2,549 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 503% 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 $36.00 in Valparaiso versus $122 in Reykjavik. Monthly groceries follow the same trend: $224 vs $623 – making Valparaiso the more affordable choice for daily food spending.

Good to know

🇨🇱 Valparaiso

🇮🇸 Reykjavik

🕒 Local time

01:19 1:19 AM

04:19 4:19 AM

3 h ahead of Valparaiso

🌤 Weather

👥 Population

251,177

136,894 Capital

💱 Currency

Chilean Peso CLP $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 CLP = 10.15 USD

10,000 CLP = 9.07 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.35 EUR

Exchange rates and currency converter

ISK, USD, EUR to CLP – Chilean Peso Converter

🇺🇸 United States Dollar ($)

🇨🇱 Chilean Peso ($)

Chilean Peso exchange rates as of October 15, 2026: 1 USD = 985 CLP (1,000 CLP = 1.02 USD). 1 EUR = 1,103 CLP (10,000 CLP = 9.07 EUR).

Icelandic Króna exchange rates as of October 15, 2026: 1 USD = 121 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

USD to CLP in detail →

On the map

Lowest

Highest

Between locations

Valparaiso Reykjavik 11,640 km ≈ 15 h nonstop flight

From you

Valparaiso
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

Valparaiso vs Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 265% more than Valparaiso, 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 $1,646 per month in Valparaiso and $6,003 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Valparaiso, 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 $1,097 in Valparaiso and $4,002 in Reykjavik. That's a gap of about 265%.

Public transport costs about 80% less in Valparaiso. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Valparaiso, where all-in costs run around $1,097, than in Reykjavik at $4,002. In Valparaiso it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Valparaiso costs $1,097 versus $4,002 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 Valparaiso. 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.