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¥30.19
|
$21.59
ISK2,996
|
|
Fast food combo meal
McDonalds, or similar
|
$5.54
CN¥40.26
|
$17.27
ISK2,397
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.50
CN¥3.66
|
$2.90
ISK403
|
|
Bottle of water (11 fl. oz) |
$0.31
CN¥2.26
|
$2.07
ISK288
|
|
pay 2.6 times more for groceries
Beijing
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$1.43
CN¥10.40
|
$3.68
ISK511
|
|
Local cheese (8 oz) |
$6.83
CN¥49.62
|
$7.66
ISK1,063
|
|
Milk (1 gallon) |
$7.46
CN¥54.24
|
$6.16
ISK855
|
|
Eggs
1 dozen
|
$1.75
CN¥12.70
|
$5.91
ISK820
|
|
Boneless chicken breast (1 lb) |
$1.44
CN¥10.49
|
$8.87
ISK1,231
|
|
Apples (1 lb) |
$0.96
CN¥6.97
|
$1.53
ISK212
|
|
Bananas (1 lb) |
$0.79
CN¥5.77
|
$0.97
ISK134
|
|
Oranges (1 lb) |
$0.87
CN¥6.34
|
$1.26
ISK175
|
|
Tomatoes (1 lb) |
$0.58
CN¥4.19
|
$2.23
ISK309
|
|
Potatoes (1 lb) |
$0.37
CN¥2.67
|
$1.42
ISK196
|
|
Onions (1 lb) |
$0.49
CN¥3.54
|
$1.01
ISK140
|
|
pay 2.7 times more for transportation
Beijing
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.35
CN¥31.64
|
$8.57
ISK1,190
|
|
Monthly public transit pass |
$34.62
CN¥251.62
|
$66.92
ISK9,287
|
|
New Volkswagen Golf 1.4 (standard edition) |
$20,773.90
CN¥150,970.14
|
$41,660.67
ISK5,781,668
|
|
Taxi trip in downtown area (5 miles) |
$4.68
CN¥34.02
|
$23.30
ISK3,233
|
|
pay 2.9 times more for housing
Beijing
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$13.59
CN¥98.76
|
$68.45
ISK9,499
|
|
1-Bedroom apartment in downtown area |
$969.73
CN¥7,047.29
|
$1,864.13
ISK258,704
|
|
1-Bedroom apartment outside city center |
$561.86
CN¥4,083.19
|
$1,666.20
ISK231,235
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$42.17
CN¥306.46
|
$64.43
ISK8,942
|
|
pay 73.8% less for childcare
Beijing
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$836.50
CN¥6,079.07
|
$240.37
ISK33,358
|
|
Middle school for 1 child, two semesters |
$25,256.69
CN¥183,547.91
|
$5,984.07
ISK830,470
|
|
pay 3.1 times more for entertainment and sports
Beijing
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.38
CN¥10.06
|
$10.79
ISK1,498
|
|
Cappuccino in mid-range area |
$3.73
CN¥27.12
|
$5.09
ISK706
|
|
Pack of cigarettes
Marlboro or similar
|
$3.46
CN¥25.16
|
$11.87
ISK1,648
|
|
Monthly membership at local gym |
$62.16
CN¥451.74
|
$65.50
ISK9,090
|
|
Movie ticket to theater/cinema |
$8.31
CN¥60.39
|
$14.39
ISK1,997
|
|
pay 50.7% more for clothing
Beijing
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$65.57
CN¥476.52
|
$103.94
ISK14,425
|
|
Regular dress
from H&M or similar store
|
$35.21
CN¥255.89
|
$43.50
ISK6,036
|
|
Running shoes
Nike or Adidas
|
$85.31
CN¥619.94
|
$141.47
ISK19,634
|
|
Men's business shoes (leather) |
$112.58
CN¥818.17
|
$174.65
ISK24,238
|
|
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