Cost of living comparison
Reykjavik is 2.5 times more expensive than Caracas.
If you lived in Reykjavik instead of Caracas, you would:
pay 2.0 times more for restaurants
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.00
VEF99.75
|
$21.59
ISK2,981
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.00
VEF109.72
|
$17.27
ISK2,385
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.30
VEF13.01
|
$2.90
ISK401
|
|
| Bottle of water (11 fl. oz) |
$0.97
VEF9.66
|
$2.07
ISK286
|
|
pay 74.4% more for groceries
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.21
VEF22.04
|
$3.68
ISK509
|
|
| Local cheese (8 oz) |
$3.80
VEF37.89
|
$7.66
ISK1,058
|
|
| Milk (1 gallon) |
$7.44
VEF74.25
|
$6.16
ISK851
|
|
|
Eggs
1 dozen
|
$2.56
VEF25.55
|
$5.91
ISK817
|
|
| Boneless chicken breast (1 lb) |
$2.89
VEF28.82
|
$8.87
ISK1,225
|
|
| Apples (1 lb) |
$2.15
VEF21.41
|
$1.53
ISK211
|
|
| Bananas (1 lb) |
$0.62
VEF6.23
|
$0.97
ISK134
|
|
| Oranges (1 lb) |
$0.93
VEF9.27
|
$1.26
ISK174
|
|
| Tomatoes (1 lb) |
$0.79
VEF7.85
|
$2.23
ISK308
|
|
| Potatoes (1 lb) |
$0.86
VEF8.55
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$0.85
VEF8.43
|
$1.01
ISK140
|
|
pay 2.3 times more for transportation
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$1.89
VEF18.88
|
$8.57
ISK1,184
|
|
| Monthly public transit pass |
$30.00
VEF299.24
|
$66.92
ISK9,242
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,500.00
VEF334,145.78
|
$41,660.67
ISK5,754,172
|
|
| Taxi trip in downtown area (5 miles) |
$21.00
VEF209.46
|
$23.30
ISK3,218
|
|
pay 4.5 times more for housing
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$41.67
VEF415.60
|
$68.45
ISK9,454
|
|
| 1-Bedroom apartment in downtown area |
$375.00
VEF3,740.44
|
$1,864.13
ISK257,474
|
|
| 1-Bedroom apartment outside city center |
$370.00
VEF3,690.57
|
$1,666.20
ISK230,135
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$9.51
VEF94.81
|
$64.43
ISK8,900
|
|
pay 90.2% more for childcare
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$94.79
VEF945.50
|
$240.37
ISK33,200
|
|
| Middle school for 1 child, two semesters |
$4,720.00
VEF47,079.64
|
$5,984.07
ISK826,520
|
|
pay 3.3 times more for entertainment and sports
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.50
VEF14.96
|
$10.79
ISK1,491
|
|
| Cappuccino in mid-range area |
$2.36
VEF23.51
|
$5.09
ISK703
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.25
VEF32.42
|
$11.87
ISK1,640
|
|
| Monthly membership at local gym |
$61.25
VEF610.94
|
$65.50
ISK9,047
|
|
| Movie ticket to theater/cinema |
$5.50
VEF54.86
|
$14.39
ISK1,988
|
|
pay 74.9% more for clothing
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$49.58
VEF494.57
|
$103.94
ISK14,356
|
|
|
Regular dress
from H&M or similar store
|
$42.67
VEF425.58
|
$43.50
ISK6,008
|
|
|
Running shoes
Nike or Adidas
|
$98.85
VEF985.94
|
$141.47
ISK19,540
|
|
| Men's business shoes (leather) |
$71.30
VEF711.18
|
$174.65
ISK24,123
|
|
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