Cost of living comparison
Reykjavik is 2.4 times more expensive than Lima.
If you lived in Reykjavik instead of Lima, you would:
pay 3.4 times more for restaurants
Lima
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$4.01
PEN14.80
|
$18.40
ISK2,568
|
|
Fast food combo meal
McDonalds, or similar
|
$5.35
PEN19.73
|
$15.62
ISK2,180
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.87
PEN3.22
|
$2.53
ISK354
|
|
Bottle of water (11 fl. oz) |
$0.60
PEN2.20
|
$2.03
ISK283
|
|
pay 2.5 times more for groceries
Lima
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$1.90
PEN7.02
|
$3.40
ISK475
|
|
Local cheese (8 oz) |
$3.58
PEN13.21
|
$7.20
ISK1,004
|
|
Milk (1 gallon) |
$4.74
PEN17.48
|
$5.90
ISK823
|
|
Eggs
1 dozen
|
$2.09
PEN7.71
|
$5.64
ISK787
|
|
Boneless chicken breast (1 lb) |
$2.36
PEN8.69
|
$8.08
ISK1,128
|
|
Apples (1 lb) |
$0.74
PEN2.75
|
$1.57
ISK219
|
|
Bananas (1 lb) |
$0.46
PEN1.71
|
$0.93
ISK130
|
|
Oranges (1 lb) |
$0.45
PEN1.66
|
$1.23
ISK172
|
|
Tomatoes (1 lb) |
$0.46
PEN1.70
|
$2.22
ISK309
|
|
Potatoes (1 lb) |
$0.38
PEN1.41
|
$1.24
ISK174
|
|
Onions (1 lb) |
$0.42
PEN1.55
|
$0.69
ISK96
|
|
pay 2.3 times more for transportation
Lima
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$5.56
PEN20.50
|
$8.90
ISK1,241
|
|
Monthly public transit pass |
$16.75
PEN61.76
|
$65.56
ISK9,148
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,401.64
PEN78,915.39
|
$37,150.35
ISK5,183,960
|
|
Taxi trip in downtown area (5 miles) |
$15.52
PEN57.21
|
$29.44
ISK4,109
|
|
pay 2.7 times more for housing
Lima
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$28.39
PEN104.70
|
$64.04
ISK8,936
|
|
1-Bedroom apartment in downtown area |
$503.74
PEN1,857.45
|
$1,613.16
ISK225,100
|
|
1-Bedroom apartment outside city center |
$328.82
PEN1,212.47
|
$1,379.70
ISK192,523
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$55.84
PEN205.90
|
$69.31
ISK9,672
|
|
pay 24.1% more for childcare
Lima
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$200.22
PEN738.26
|
$282.44
ISK39,411
|
|
Middle school for 1 child, two semesters |
$5,654.15
PEN20,848.84
|
$6,058.18
ISK845,358
|
|
pay 2.4 times more for entertainment and sports
Lima
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.14
PEN7.89
|
$9.47
ISK1,321
|
|
Cappuccino in mid-range area |
$2.69
PEN9.92
|
$4.53
ISK632
|
|
Pack of cigarettes
Marlboro or similar
|
$5.35
PEN19.73
|
$11.66
ISK1,626
|
|
Monthly membership at local gym |
$37.28
PEN137.47
|
$67.30
ISK9,392
|
|
Movie ticket to theater/cinema |
$6.69
PEN24.66
|
$13.66
ISK1,906
|
|
pay 2.1 times more for clothing
Lima
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$42.06
PEN155.10
|
$108.17
ISK15,093
|
|
Regular dress
from H&M or similar store
|
$28.40
PEN104.72
|
$43.41
ISK6,058
|
|
Running shoes
Nike or Adidas
|
$72.34
PEN266.74
|
$137.74
ISK19,220
|
|
Men's business shoes (leather) |
$73.12
PEN269.63
|
$182.49
ISK25,465
|
|
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