Cost of living comparison
Reykjavik is 2.6 times more expensive than Beijing.
If you lived in Reykjavik instead of Beijing, you would:
pay 5.2 times more for restaurants
Beijing
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$4.15
CN¥30.01
|
$21.59
ISK2,985
|
|
Fast food combo meal
McDonalds, or similar
|
$5.54
CN¥40.01
|
$17.27
ISK2,388
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.50
CN¥3.64
|
$2.90
ISK401
|
|
Bottle of water (11 fl. oz) |
$0.31
CN¥2.24
|
$2.07
ISK287
|
|
pay 2.6 times more for groceries
Beijing
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$1.43
CN¥10.34
|
$3.68
ISK510
|
|
Local cheese (8 oz) |
$6.83
CN¥49.32
|
$7.66
ISK1,059
|
|
Milk (1 gallon) |
$7.46
CN¥53.91
|
$6.16
ISK852
|
|
Eggs
1 dozen
|
$1.75
CN¥12.63
|
$5.91
ISK818
|
|
Boneless chicken breast (1 lb) |
$1.44
CN¥10.43
|
$8.87
ISK1,227
|
|
Apples (1 lb) |
$0.96
CN¥6.93
|
$1.53
ISK211
|
|
Bananas (1 lb) |
$0.79
CN¥5.73
|
$0.97
ISK134
|
|
Oranges (1 lb) |
$0.87
CN¥6.30
|
$1.26
ISK174
|
|
Tomatoes (1 lb) |
$0.58
CN¥4.17
|
$2.23
ISK308
|
|
Potatoes (1 lb) |
$0.37
CN¥2.66
|
$1.42
ISK196
|
|
Onions (1 lb) |
$0.49
CN¥3.52
|
$1.01
ISK140
|
|
pay 2.7 times more for transportation
Beijing
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.35
CN¥31.45
|
$8.57
ISK1,186
|
|
Monthly public transit pass |
$34.62
CN¥250.09
|
$66.92
ISK9,254
|
|
New Volkswagen Golf 1.4 (standard edition) |
$20,773.90
CN¥150,054.01
|
$41,660.67
ISK5,761,254
|
|
Taxi trip in downtown area (5 miles) |
$4.68
CN¥33.81
|
$23.30
ISK3,222
|
|
pay 2.9 times more for housing
Beijing
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$13.59
CN¥98.16
|
$68.45
ISK9,466
|
|
1-Bedroom apartment in downtown area |
$969.73
CN¥7,004.53
|
$1,864.13
ISK257,791
|
|
1-Bedroom apartment outside city center |
$561.86
CN¥4,058.41
|
$1,666.20
ISK230,418
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$42.17
CN¥304.60
|
$64.43
ISK8,911
|
|
pay 73.8% less for childcare
Beijing
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$836.50
CN¥6,042.18
|
$240.37
ISK33,240
|
|
Middle school for 1 child, two semesters |
$25,256.69
CN¥182,434.09
|
$5,984.07
ISK827,538
|
|
pay 3.1 times more for entertainment and sports
Beijing
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.38
CN¥10.00
|
$10.79
ISK1,493
|
|
Cappuccino in mid-range area |
$3.73
CN¥26.96
|
$5.09
ISK704
|
|
Pack of cigarettes
Marlboro or similar
|
$3.46
CN¥25.01
|
$11.87
ISK1,642
|
|
Monthly membership at local gym |
$62.16
CN¥448.99
|
$65.50
ISK9,058
|
|
Movie ticket to theater/cinema |
$8.31
CN¥60.02
|
$14.39
ISK1,990
|
|
pay 50.7% more for clothing
Beijing
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$65.57
CN¥473.63
|
$103.94
ISK14,374
|
|
Regular dress
from H&M or similar store
|
$35.21
CN¥254.33
|
$43.50
ISK6,015
|
|
Running shoes
Nike or Adidas
|
$85.31
CN¥616.18
|
$141.47
ISK19,564
|
|
Men's business shoes (leather) |
$112.58
CN¥813.20
|
$174.65
ISK24,153
|
|
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