Cost of living comparison
Reykjavik is 3.2 times more expensive than Bogota.
If you lived in Reykjavik instead of Bogota, you would:
pay 4.1 times more for restaurants
Bogota
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$3.30
$12,810
|
$18.40
kr2,516
|
|
Fast food combo meal
McDonalds, or similar
|
$5.50
$21,350
|
$15.62
kr2,137
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.64
$2,468
|
$2.53
kr347
|
|
Bottle of water (11 fl. oz) |
$0.49
$1,898
|
$2.03
kr277
|
|
pay 2.9 times more for groceries
Bogota
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$1.12
$4,359
|
$3.40
kr466
|
|
Local cheese (8 oz) |
$2.42
$9,420
|
$7.20
kr984
|
|
Milk (1 gallon) |
$3.66
$14,207
|
$5.90
kr806
|
|
Eggs
1 dozen
|
$1.75
$6,807
|
$5.64
kr771
|
|
Boneless chicken breast (1 lb) |
$1.79
$6,962
|
$8.08
kr1,105
|
|
Apples (1 lb) |
$0.97
$3,777
|
$1.57
kr214
|
|
Bananas (1 lb) |
$0.38
$1,457
|
$0.93
kr127
|
|
Oranges (1 lb) |
$0.48
$1,873
|
$1.23
kr168
|
|
Tomatoes (1 lb) |
$0.50
$1,960
|
$2.22
kr303
|
|
Potatoes (1 lb) |
$0.40
$1,551
|
$1.24
kr170
|
|
Onions (1 lb) |
$0.36
$1,391
|
$0.69
kr94
|
|
pay 2.9 times more for transportation
Bogota
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$2.09
$8,125
|
$8.90
kr1,217
|
|
Monthly public transit pass |
$31.00
$120,417
|
$65.56
kr8,965
|
|
New Volkswagen Golf 1.4 (standard edition) |
$13,189.68
$51,241,196
|
$37,150.35
kr5,080,241
|
|
Taxi trip in downtown area (5 miles) |
$12.53
$48,679
|
$29.44
kr4,026
|
|
pay 3.7 times more for housing
Bogota
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$19.84
$77,059
|
$64.04
kr8,757
|
|
1-Bedroom apartment in downtown area |
$340.12
$1,321,339
|
$1,613.16
kr220,597
|
|
1-Bedroom apartment outside city center |
$253.13
$983,379
|
$1,379.70
kr188,671
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.15
$206,467
|
$69.31
kr9,479
|
|
pay 33.5% more for childcare
Bogota
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$189.88
$737,670
|
$282.44
kr38,623
|
|
Middle school for 1 child, two semesters |
$5,125.13
$19,910,865
|
$6,058.18
kr828,444
|
|
pay 5.3 times more for entertainment and sports
Bogota
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$0.99
$3,843
|
$9.47
kr1,295
|
|
Cappuccino in mid-range area |
$1.20
$4,674
|
$4.53
kr619
|
|
Pack of cigarettes
Marlboro or similar
|
$1.87
$7,259
|
$11.66
kr1,594
|
|
Monthly membership at local gym |
$18.64
$72,401
|
$67.30
kr9,204
|
|
Movie ticket to theater/cinema |
$3.89
$15,116
|
$13.66
kr1,868
|
|
pay 2.2 times more for clothing
Bogota
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$46.54
$180,810
|
$108.17
kr14,791
|
|
Regular dress
from H&M or similar store
|
$29.24
$113,601
|
$43.41
kr5,937
|
|
Running shoes
Nike or Adidas
|
$72.21
$280,533
|
$137.74
kr18,836
|
|
Men's business shoes (leather) |
$61.46
$238,760
|
$182.49
kr24,956
|
|
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