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Cost of Living in Njardvik - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $1,447 (excluding rent), and $3,040 including rent.
Family of 3: Estimated monthly costs are $4,072 (excluding rent), and $6,335 including rent.
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๐Ÿฝ Eating Out
Cost
Range
Meal at Budget Restaurant
$24.36 ISKย 3,069
$15.43 ISKย 1,943
$48.72 ISKย 6,137
Three-Course Dinner for Two, Mid-Range
$98.1 ISKย 12.4K
$81.8 ISKย 10.3K
$245 ISKย 30.9K
Fast Food Meal (McDonalds, etc)
$16.36 ISKย 2,061
$16.36 ISKย 2,061
$27.82 ISKย 3,505
Cappuccino
$6.27 ISKย 790
$4.12 ISKย 519
$7.83 ISKย 986
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$1.66 ISKย 209
$1.66 ISKย 209
$4.13 ISKย 521
Water (0.33 liter bottle)
$2.44 ISKย 308
$2.06 ISKย 260
$3.96 ISKย 499
Local Beer (0.5 liter draught)
$10.57 ISKย 1,332
$8.14 ISKย 1,025
$14.64 ISKย 1,845
Imported Beer (0.33 liter bottle)
$11.47 ISKย 1,445
$9.02 ISKย 1,136
$14.76 ISKย 1,859
๐Ÿ›’ Groceries & Markets
Cost
Range
Milk (1 liter)
$1.95 ISKย 245
$1.67 ISKย 211
$2.86 ISKย 361
White Bread (500g)
$4.19 ISKย 527
$2.57 ISKย 324
$7.88 ISKย 993
Rice (white) (1kg)
$3.71 ISKย 468
$2.42 ISKย 305
$6.38 ISKย 804
Eggs
$6.28 ISKย 791
$4.75 ISKย 599
$8.56 ISKย 1,078
Local Cheese (1kg)
$17.87 ISKย 2,251
$11.08 ISKย 1,396
$23.75 ISKย 2,992
Chicken Fillets (1kg)
$24.11 ISKย 3,037
$12.06 ISKย 1,520
$28.63 ISKย 3,607
Beef Round Steak (1kg)
$42.03 ISKย 5,295
$23.86 ISKย 3,005
$55.8 ISKย 7,024
Apples (1kg)
$3.34 ISKย 420
$2.20 ISKย 277
$4.91 ISKย 618
Banana (1kg)
$2.52 ISKย 317
$2.25 ISKย 284
$4.51 ISKย 568
Oranges (1kg)
$3.13 ISKย 394
$2.47 ISKย 311
$4.94 ISKย 623
Tomato (1kg)
$5.03 ISKย 634
$3.65 ISKย 459
$7.28 ISKย 917
Potato (1kg)
$3.56 ISKย 448
$2.38 ISKย 299
$4.44 ISKย 559
Onion (1kg)
$2.35 ISKย 296
$1.39 ISKย 175
$4.36 ISKย 550
Lettuce (1 head)
$3.20 ISKย 403
$1.86 ISKย 234
$5.32 ISKย 671
Water (1.5 liter bottle)
$1.95 ISKย 246
$0.99 ISKย 125
$3.59 ISKย 452
Cigarettes 20 Pack (Marlboro, Camel)
$13.44 ISKย 1,693
$11.85 ISKย 1,493
$14.94 ISKย 1,882
Wine (Bottle)
$23.76 ISKย 2,993
$14.65 ISKย 1,845
$39.59 ISKย 4,988
Local Beer (0.5 liter bottle)
$3.55 ISKย 447
$3.12 ISKย 393
$3.91 ISKย 493
Imported Beer (0.33 liter bottle)
$3.36 ISKย 424
$2.14 ISKย 270
$4.94 ISKย 623
๐ŸšŒ Getting Around
Cost
Range
Taxi Start (Normal Tariff)
$6.47 ISKย 815
$5.74 ISKย 723
$8.19 ISKย 1,032
Taxi (Normal Tariff) (1km)
$2.52 ISKย 318
$2.09 ISKย 264
$3.34 ISKย 421
Taxi 1hour Waiting (Normal Tariff)
$84.4 ISKย 10.6K
$78.1 ISKย 9,832
$94.6 ISKย 11.9K
Gasoline (1 liter)
$2.54 ISKย 320
$2.38 ISKย 300
$2.62 ISKย 330
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$48.1K ISKย 6.1M
$44.9K ISKย 5.7M
$50.6K ISKย 6.4M
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$53.1K ISKย 6.7M
$50.6K ISKย 6.4M
$57.1K ISKย 7.2M
๐Ÿงพ Monthly Utilities & Internet
Cost
Range
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$88.8 ISKย 11.2K
$61.4 ISKย 7,731
$203 ISKย 25.6K
SIM Card Monthly Plan (Calls and 10GB+ Data)
$27.78 ISKย 3,499
$20.35 ISKย 2,563
$40.69 ISKย 5,126
Internet (50+ Mbps, Unlimited Data)
$83.8 ISKย 10.6K
$59.3 ISKย 7,464
$118 ISKย 14.9K
๐ŸŽ‰ Sport & Entertainment
Cost
Range
Gym Membership (Monthly)
$79.4 ISKย 10.0K
-
Cinema Ticket
$17.68 ISKย 2,227
$14.54 ISKย 1,831
$18.57 ISKย 2,339
๐Ÿงธ Childcare & Education
Cost
Range
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$322 ISKย 40.5K
$269 ISKย 33.9K
$403 ISKย 50.7K
International Primary School, 1 Child (Yearly)
$29.7K ISKย 3.7M
$29.7K ISKย 3.7M
$29.7K ISKย 3.7M
๐Ÿ‘•๐Ÿ‘Ÿ Clothing & Footwear
Cost
Range
Jeans (Levis 501 Or Similar)
$120 ISKย 15.1K
$96.1 ISKย 12.1K
$176 ISKย 22.2K
Summer Dress (H&M, Zara, etc)
$62.3 ISKย 7,842
$40.60 ISKย 5,114
$106 ISKย 13.3K
Sport Shoes (Adidas, Nike)
$183 ISKย 23.1K
$121 ISKย 15.2K
$242 ISKย 30.5K
Men's Leather Business Shoes
$269 ISKย 33.9K
$146 ISKย 18.4K
$342 ISKย 43.0K
๐Ÿ  Accommodation & Living
Cost
Range
1-bedroom Apartment, Outside City Center (Monthly)
$1,470 ISKย 185.2K
-
3-bedroom Apartment, Outside City Center (Monthly)
$2,611 ISKย 329.0K
-
๐Ÿ’ต Salaries & Financials
Cost
Range
Average Monthly Net Salary (After Tax)
$3,882 ISKย 489.0K
-
20-Year Fixed Mortgage Interest Rate (Annual %)
9.63
5
11

CityCost data is based on AI and user input โ€“ minor inaccuracies may occur.

Last update: January 10, 2026

Njardvik Median Internet Speeds (Updated December 2025)

Mobile

Download
12
Mbps
Upload
1
Mbps
Latency
71
ms

Fixed Broadband

Download
316
Mbps
Upload
253
Mbps
Latency
4
ms
The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.
Digital Nomad Cost of Living Index
City tags:
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 Reykjavikโ€™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, youโ€™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 Icelandโ€™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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