Cost of living comparison
compared to
Reykjavik vs. Austria Cost of Living Summary
Reykjavik is 48.3% more expensive than Austria overall.
- Restaurants
-
pay 30.7% more in Reykjavik
- Groceries
-
pay 27.5% more in Reykjavik
- Transportation
-
pay 44.4% more in Reykjavik
- Housing
-
pay 77.5% more in Reykjavik
- Childcare
-
pay 28.2% more in Reykjavik
- Entertainment and Sports
-
pay 72.1% more in Reykjavik
- Clothing
-
pay 58.0% more in Reykjavik
The cost of housing, entertainment and sports, clothing, transportation, restaurants, and childcare in Reykjavik are more expensive than in Austria. Notably, housing is significantly more expensive in Reykjavik.
Reykjavik vs. Austria Cost Breakdown
If you lived in Reykjavik instead of Austria, you would:
pay 30.7% more for restaurants
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.52
€15.97
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.86
€10.23
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.81
€3.29
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$2.84
€2.45
|
$2.70
ISK345
|
|
Austria vs. Reykjavik - Cost of restaurants
pay 27.5% more for groceries
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.85
€2.46
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$10.46
€9.02
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$6.32
€5.45
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$4.66
€4.02
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$6.81
€5.88
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.34
€1.16
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$1.12
€0.97
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$1.51
€1.30
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$2.16
€1.86
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$1.04
€0.89
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$0.93
€0.80
|
$1.13
ISK145
|
|
Austria vs. Reykjavik - Cost of groceries
pay 44.4% more for transportation
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.68
€5.76
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$57.69
€49.74
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,303.85
€26,131.83
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$25.13
€21.67
|
$28.07
ISK3,592
|
|
Austria vs. Reykjavik - Cost of transportation
pay 77.5% more for housing
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$39.06
€33.68
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$969.93
€836.40
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$823.47
€710.10
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$307.44
€265.12
|
$60.87
ISK7,791
|
|
Austria vs. Reykjavik - Cost of housing
pay 28.2% more for childcare
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$585.93
€505.26
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$15,311.22
€13,203.28
|
$30,711.08
ISK3,930,404
|
|
Austria vs. Reykjavik - Cost of childcare
pay 72.1% more for entertainment and sports
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.41
€4.66
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$4.37
€3.77
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.50
€6.47
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$51.14
€44.10
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$14.33
€12.35
|
$17.18
ISK2,199
|
|
Austria vs. Reykjavik - Cost of entertainment and sports
pay 58.0% more for clothing
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$99.44
€85.75
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$47.64
€41.08
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$103.83
€89.53
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$150.37
€129.67
|
$248.79
ISK31,840
|
|
Austria vs. Reykjavik - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
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