Cost of living comparison
compared to
Reykjavik vs. Budva Cost of Living Summary
Reykjavik is 2.1 times more expensive than Budva.
Reykjavik vs. Budva Cost Breakdown
If you lived in Reykjavik instead of Budva, you would:
pay 85.8% more for restaurants
Budva | Reykjavik | ||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant | $15.18 €13.33 | $27.48 ISK3,476 | |
| Fast food combo meal McDonalds, or similar | $11.68 €10.25 | $22.76 ISK2,879 | |
| Bottle of Coca-Cola (11 fl. oz) | $1.99 €1.74 | $3.34 ISK422 | |
| Bottle of water (11 fl. oz) | $1.35 €1.19 | $2.70 ISK341 | |
Budva vs. Reykjavik - Cost of restaurants
pay 2.4 times more for groceries
Budva | Reykjavik | ||
|---|---|---|---|
| Bread 1 loaf | $1.06 €0.93 | $4.63 ISK586 | |
| Local cheese (8 oz) | $4.52 €3.97 | $9.44 ISK1,194 | |
| Milk (1 gallon) | $4.87 €4.28 | $7.63 ISK965 | |
| Eggs 1 dozen | $3.18 €2.80 | $6.50 ISK822 | |
| Boneless chicken breast (1 lb) | $4.22 €3.71 | $11.29 ISK1,428 | |
| Apples (1 lb) | $0.62 €0.54 | $1.59 ISK201 | |
| Bananas (1 lb) | $0.79 €0.69 | $1.17 ISK148 | |
| Oranges (1 lb) | $0.75 €0.66 | $1.49 ISK188 | |
| Tomatoes (1 lb) | $1.36 €1.20 | $2.54 ISK321 | |
| Potatoes (1 lb) | $0.46 €0.40 | $1.70 ISK215 | |
| Onions (1 lb) | $0.62 €0.54 | $1.13 ISK143 | |
Budva vs. Reykjavik - Cost of groceries
pay 98.8% more for transportation
Budva | Reykjavik | ||
|---|---|---|---|
| Gasoline (1 gallon) | $6.70 €5.88 | $9.66 ISK1,222 | |
| Monthly public transit pass | $40.88 €35.89 | $88.58 ISK11,205 | |
| New Volkswagen Golf 1.4 (standard edition) | $30,367.73 €26,662.93 | $50,771.00 ISK6M | |
| Taxi trip in downtown area (5 miles) | $10.51 €9.23 | $28.07 ISK3,550 | |
Budva vs. Reykjavik - Cost of transportation
pay 2.2 times more for housing
Budva | Reykjavik | ||
|---|---|---|---|
| Internet connection 50 mbps or faster, cable/dsl | $33.29 €29.23 | $81.97 ISK10,368 | |
| 1-Bedroom apartment in downtown area | $890.59 €781.94 | $2,259.48 ISK286K | |
| 1-Bedroom apartment outside city center | $592.34 €520.07 | $2,034.90 ISK257K | |
| Utilities for two (700 sq ft apartment) including electric, gas, water, heating | $123.16 €108.13 | $60.87 ISK7,700 | |
Budva vs. Reykjavik - Cost of housing
pay 90.2% more for childcare
Budva | Reykjavik | ||
|---|---|---|---|
| Private preschool for 1 child, monthly | $418.53 €367.47 | $327.78 ISK41,461 | |
| Middle school for 1 child, two semesters | $10,161.51 €8,921.83 | $30,711.08 ISK4M | |
Budva vs. Reykjavik - Cost of childcare
pay 2.7 times more for entertainment and sports
Budva | Reykjavik | ||
|---|---|---|---|
| Domestic/local beer (1 pint) | $3.50 €3.08 | $13.12 ISK1,660 | |
| Cappuccino in mid-range area | $3.14 €2.76 | $6.17 ISK781 | |
| Pack of cigarettes Marlboro or similar | $4.44 €3.90 | $13.94 ISK1,763 | |
| Monthly membership at local gym | $57.00 €50.04 | $87.35 ISK11,049 | |
| Movie ticket to theater/cinema | $5.84 €5.13 | $17.18 ISK2,174 | |
Budva vs. Reykjavik - Cost of entertainment and sports
pay 47.7% more for clothing
Budva | Reykjavik | ||
|---|---|---|---|
| Regular jeans Levi's brand | $109.50 €96.14 | $145.10 ISK18,353 | |
| Regular dress from H&M or similar store | $46.72 €41.02 | $63.97 ISK8,091 | |
| Running shoes Nike or Adidas | $102.78 €90.24 | $193.43 ISK24,467 | |
| Men's business shoes (leather) | $186.88 €164.08 | $248.79 ISK31,470 | |
Budva 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: June 2026
Change currency:
Compare further: Budva vs. Reykjavik
Compare countries by overall cost of living
See the cost of living in Montenegro vs. Iceland. This provides a comparison of the average cost of living from cities within Montenegro and Iceland.
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more
Ask the Elsewhere Community
Join the Elsewhere community and ask a question about Reykjavik or Budva. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.