Cost of living comparison

compared to
Reykjavik vs. Beijing Cost of Living Summary

Reykjavik is 2.8 times more expensive than Beijing.

Restaurants
pay 5.4 times more in Reykjavik
Groceries
pay 2.5 times more in Reykjavik
Transportation
pay 2.9 times more in Reykjavik
Housing
pay 3.1 times more in Reykjavik
Childcare
pay 70.4% less in Reykjavik
Entertainment and Sports
pay 3.5 times more in Reykjavik
Clothing
pay 69.9% more in Reykjavik

The cost of restaurants, entertainment and sports, housing, transportation, groceries, and clothing in Reykjavik are more expensive than in Beijing. Notably, restaurants, entertainment and sports, and housing are significantly more expensive in Reykjavik.

Reykjavik vs. Beijing Cost Breakdown

If you lived in Reykjavik instead of Beijing, you would:

pay 5.4 times more for restaurants

 
Beijing
Reykjavik
Basic meal with drink at inexpensive restaurant $4.17
CN¥30.00
$20.00
ISK2,831
Fast food combo meal
McDonalds, or similar
$5.57
CN¥40.00
$18.02
ISK2,551
Bottle of Coca-Cola (11 fl. oz) $0.50
CN¥3.56
$3.15
ISK446

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pay 2.5 times more for groceries

 
Beijing
Reykjavik
Bread
1 loaf
$1.43
CN¥10.31
$3.61
ISK511
Local cheese (8 oz) $7.31
CN¥52.51
$7.76
ISK1,098
Milk (1 gallon) $7.17
CN¥51.53
$6.40
ISK907

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pay 2.9 times more for transportation

 
Beijing
Reykjavik
Gasoline (1 gallon) $4.36
CN¥31.34
$8.50
ISK1,203
Monthly public transit pass $33.40
CN¥240.01
$74.95
ISK10,611
New Volkswagen Golf 1.4 (standard edition) $20,872.18
CN¥150,004.17
$42,450.45
ISK6,009,286

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pay 3.1 times more for housing

 
Beijing
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$13.28
CN¥95.47
$69.87
ISK9,890
1-Bedroom apartment in downtown area $929.88
CN¥6,682.85
$1,971.17
ISK279,039
1-Bedroom apartment outside city center $492.44
CN¥3,539.08
$1,803.44
ISK255,295

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pay 70.4% less for childcare

 
Beijing
Reykjavik
Private preschool for 1 child, monthly $763.49
CN¥5,487.08
$252.14
ISK35,693
Middle school for 1 child, two semesters $22,913.01
CN¥164,671.25
$5,993.99
ISK848,510

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pay 3.5 times more for entertainment and sports

 
Beijing
Reykjavik
Domestic/local beer (1 pint) $1.11
CN¥8.00
$10.81
ISK1,530
Cappuccino in mid-range area $3.60
CN¥25.89
$5.31
ISK751
Pack of cigarettes
Marlboro or similar
$3.48
CN¥25.00
$12.25
ISK1,733

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pay 69.9% more for clothing

 
Beijing
Reykjavik
Regular jeans
Levi's brand
$62.65
CN¥450.29
$108.97
ISK15,426
Regular dress
from H&M or similar store
$34.69
CN¥249.29
$49.72
ISK7,038
Running shoes
Nike or Adidas
$83.45
CN¥599.76
$151.85
ISK21,496

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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: February 2025
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