Cost of Living in Njardvik - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $1,526 (excluding rent), and $3,057 including rent.
Family of 3: Estimated monthly costs are $3,667 (excluding rent), and $6,470 including rent.
Currency
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🍽 Eating Out
Cost
Range
Meal at Budget Restaurant
$24.54 ISK 3,062
$15.54 ISK 1,939
$49.08 ISK 6,123
Three-Course Dinner for Two, Mid-Range
$95.8 ISK 12K
$79.8 ISK 9,960
$240 ISK 29.9K
Fast Food Meal (McDonalds, etc)
$16.13 ISK 2,013
$16.13 ISK 2,013
$27.43 ISK 3,422
Cappuccino
$6.17 ISK 770
$4.06 ISK 507
$7.71 ISK 962
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$1.58 ISK 197
$1.58 ISK 197
$3.93 ISK 491
Water (0.33 liter bottle)
$2.36 ISK 294
$1.99 ISK 248
$3.82 ISK 477
Local Beer (0.5 liter draught)
$10.62 ISK 1,324
$8.17 ISK 1,019
$14.7 ISK 1,834
Imported Beer (0.33 liter bottle)
$11.13 ISK 1,389
$8.75 ISK 1,091
$14.32 ISK 1,786
🛒 Groceries & Markets
Cost
Range
Milk (1 liter)
$1.87 ISK 233
$1.61 ISK 200
$2.75 ISK 343
White Bread (500g)
$4.35 ISK 543
$2.67 ISK 333
$8.2 ISK 1,023
Rice (white) (1kg)
$3.6 ISK 450
$2.35 ISK 293
$6.19 ISK 772
Eggs
$6.25 ISK 780
$4.73 ISK 590
$8.52 ISK 1,063
Local Cheese (1kg)
$18.22 ISK 2,273
$11.3 ISK 1,410
$24.22 ISK 3,022
Chicken Fillets (1kg)
$23.8 ISK 2,969
$11.91 ISK 1,486
$28.27 ISK 3,526
Beef Round Steak (1kg)
$43.03 ISK 5,368
$24.42 ISK 3,046
$57.1 ISK 7,120
Apples (1kg)
$3.26 ISK 407
$2.15 ISK 268
$4.79 ISK 598
Banana (1kg)
$2.4 ISK 299
$2.14 ISK 268
$4.29 ISK 535
Oranges (1kg)
$3.11 ISK 389
$2.46 ISK 307
$4.92 ISK 614
Tomato (1kg)
$5.08 ISK 634
$3.68 ISK 459
$7.35 ISK 917
Potato (1kg)
$3.64 ISK 454
$2.43 ISK 303
$4.54 ISK 566
Onion (1kg)
$2.4 ISK 299
$1.42 ISK 177
$4.45 ISK 556
Lettuce (1 head)
$3.02 ISK 377
$1.76 ISK 220
$5.04 ISK 628
Water (1.5 liter bottle)
$1.94 ISK 242
$0.99 ISK 123
$3.57 ISK 446
Cigarettes 20 Pack (Marlboro, Camel)
$13.49 ISK 1,683
$11.9 ISK 1,485
$15 ISK 1,872
Wine (Bottle)
$23.78 ISK 2,967
$15.85 ISK 1,977
$35.67 ISK 4,449
Local Beer (0.5 liter bottle)
$3.67 ISK 458
$3.23 ISK 403
$4.04 ISK 504
Imported Beer (0.33 liter bottle)
$3.26 ISK 407
$2.08 ISK 259
$4.8 ISK 598
🚌 Getting Around
Cost
Range
Taxi Start (Normal Tariff)
$6.52 ISK 813
$5.78 ISK 721
$8.25 ISK 1,030
Taxi (Normal Tariff) (1km)
$2.6 ISK 324
$2.16 ISK 269
$3.44 ISK 430
Taxi 1hour Waiting (Normal Tariff)
$87.1 ISK 10.9K
$80.5 ISK 10K
$97.6 ISK 12.2K
Gasoline (1 liter)
$2.54 ISK 317
$2.39 ISK 298
$2.62 ISK 327
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$47.4K ISK 5.9M
$44.3K ISK 5.5M
$49.8K ISK 6.2M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$51.8K ISK 6.5M
$49.5K ISK 6.2M
$55.8K ISK 7M
🧾 Monthly Utilities & Internet
Cost
Range
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$89.3 ISK 11.1K
$61.8 ISK 7,704
$204 ISK 25.5K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$27.41 ISK 3,419
$20.07 ISK 2,504
$40.14 ISK 5,008
Internet (50+ Mbps, Unlimited Data)
$85.9 ISK 10.7K
$60.7 ISK 7,577
$121 ISK 15.1K
🎉 Sport & Entertainment
Cost
Range
Gym Membership (Monthly)
$81.6 ISK 10.2K
-
Cinema Ticket
$17.45 ISK 2,177
$14.35 ISK 1,790
$18.32 ISK 2,286
🧸 Childcare & Education
Cost
Range
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$322 ISK 40.2K
$269 ISK 33.6K
$403 ISK 50.2K
International Primary School, 1 Child (Yearly)
$29.7K ISK 3.7M
$29.7K ISK 3.7M
$29.7K ISK 3.7M
👕👟 Clothing & Footwear
Cost
Range
Jeans (Levis 501 Or Similar)
$120 ISK 15K
$95.9 ISK 12K
$176 ISK 21.9K
Summer Dress (H&M, Zara, etc)
$60.5 ISK 7,541
$39.42 ISK 4,918
$103 ISK 12.8K
Sport Shoes (Adidas, Nike)
$181 ISK 22.6K
$120 ISK 14.9K
$240 ISK 29.9K
Men's Leather Business Shoes
$262 ISK 32.7K
$143 ISK 17.8K
$333 ISK 41.6K
🏠 Accommodation & Living
Cost
Range
1-bedroom Apartment, Outside City Center (Monthly)
$1,454 ISK 181.4K
-
3-bedroom Apartment, Outside City Center (Monthly)
$2,654 ISK 331.1K
-
💵 Salaries & Financials
Cost
Range
Average Monthly Net Salary (After Tax)
$3,922 ISK 489.3K
-
20-Year Fixed Mortgage Interest Rate (Annual %)
9.63
5
11
Citycost data is based on AI and user input – minor inaccuracies may occur.
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Cost of Living in Njardvik - Frequently Asked Questions
Is Njardvik a good value for travelers, expats, and digital nomads compared with other Icelandic towns?
Njardvik offers a balanced mix for a modest budget when you compare housing, services, and everyday needs with other Icelandic towns. While Iceland overall has a high price level, you may find more affordable options for longer stays here than in Reykjavik’s city center, especially for quieter neighborhoods and longer leases. The appeal is steady access to nature, reliable infrastructure, and a calmer pace that suits remote-work routines. Cost of Living in Njardvik reflects that blend, with practical choices around housing searches, grocery selection, and local amenities. Tip: Start your search by visiting neighborhoods at different times of day to feel the rhythm.
What does daily life look like in Njardvik for housing, food, transport, and errands?
Daily life centers on a mix of local services and coastal calm. Housing options lean toward comfortable apartments within easy reach of bus routes and seaside trails. For groceries, you’ll find essential Icelandic staples at local supermarkets and specialty shops, with produce shaped by the season. Transport is practical: reliable bus connections to Reykjavik, bike-friendly streets, and limited car dependence. Errands and social life unfold around small town centers and cafes. Njardvik living cost stays manageable for longer stays if you prioritize location, transit timing, and off-peak shopping. Tip: Keep a short list for weekly runs and schedule errands to align with market days.
How does the quality of life and budgeting approach help you settle in Njardvik?
Quality of life here blends safety, easy access to nature, and a straightforward routine that suits remote work and travel. A simple budgeting framework helps: allocate essentials, plan for utilities and transit, and build a buffer for seasonal daylight shifts. Neighborhood fit matters: choose a quiet coastal area for long work sessions or a livelier shorefront block if you want social spots and quick cafe hops. Take advantage of Iceland’s seasonal rhythms for day trips, outdoor workouts, and cultural events. Tip: To settle faster, join local communities or co-working spaces and try short-term housing first.
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