Cost of living comparison
Reykjavik is 2.6 times more expensive than Caracas.
If you lived in Reykjavik instead of Caracas, you would:
pay 93.8% more for restaurants
Caracas
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$10.00
Bs99.75
|
$18.40
kr2,599
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
Bs99.75
|
$15.62
kr2,207
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.26
Bs12.56
|
$2.53
kr358
|
|
Bottle of water (11 fl. oz) |
$0.87
Bs8.65
|
$2.03
kr286
|
|
pay 88.1% more for groceries
Caracas
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$2.23
Bs22.25
|
$3.40
kr481
|
|
Local cheese (8 oz) |
$2.86
Bs28.55
|
$7.20
kr1,016
|
|
Milk (1 gallon) |
$7.06
Bs70.44
|
$5.90
kr833
|
|
Eggs
1 dozen
|
$2.29
Bs22.79
|
$5.64
kr797
|
|
Boneless chicken breast (1 lb) |
$2.66
Bs26.54
|
$8.08
kr1,142
|
|
Apples (1 lb) |
$1.87
Bs18.65
|
$1.57
kr221
|
|
Bananas (1 lb) |
$0.50
Bs4.98
|
$0.93
kr132
|
|
Oranges (1 lb) |
$0.73
Bs7.24
|
$1.23
kr174
|
|
Tomatoes (1 lb) |
$0.68
Bs6.74
|
$2.22
kr313
|
|
Potatoes (1 lb) |
$0.73
Bs7.31
|
$1.24
kr176
|
|
Onions (1 lb) |
$0.74
Bs7.40
|
$0.69
kr97
|
|
pay 2.4 times more for transportation
Caracas
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.89
Bs18.88
|
$8.90
kr1,257
|
|
Monthly public transit pass |
$30.00
Bs299.24
|
$65.56
kr9,260
|
|
New Volkswagen Golf 1.4 (standard edition) |
$32,000.00
Bs319,184.03
|
$37,150.35
kr5,247,487
|
|
Taxi trip in downtown area (5 miles) |
$17.00
Bs169.57
|
$29.44
kr4,159
|
|
pay 4.2 times more for housing
Caracas
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$42.00
Bs418.93
|
$64.04
kr9,046
|
|
1-Bedroom apartment in downtown area |
$360.00
Bs3,590.82
|
$1,613.16
kr227,859
|
|
1-Bedroom apartment outside city center |
$345.00
Bs3,441.20
|
$1,379.70
kr194,883
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$10.46
Bs104.34
|
$69.31
kr9,791
|
|
pay 2.5 times more for childcare
Caracas
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$73.54
Bs733.54
|
$282.44
kr39,894
|
|
Middle school for 1 child, two semesters |
$5,633.33
Bs56,189.69
|
$6,058.18
kr855,718
|
|
pay 3.2 times more for entertainment and sports
Caracas
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.50
Bs14.96
|
$9.47
kr1,338
|
|
Cappuccino in mid-range area |
$1.79
Bs17.82
|
$4.53
kr640
|
|
Pack of cigarettes
Marlboro or similar
|
$3.50
Bs34.91
|
$11.66
kr1,646
|
|
Monthly membership at local gym |
$51.31
Bs511.77
|
$67.30
kr9,507
|
|
Movie ticket to theater/cinema |
$6.00
Bs59.85
|
$13.66
kr1,929
|
|
pay 2.1 times more for clothing
Caracas
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$42.19
Bs420.80
|
$108.17
kr15,278
|
|
Regular dress
from H&M or similar store
|
$38.00
Bs379.03
|
$43.41
kr6,132
|
|
Running shoes
Nike or Adidas
|
$75.77
Bs755.76
|
$137.74
kr19,456
|
|
Men's business shoes (leather) |
$65.25
Bs650.84
|
$182.49
kr25,777
|
|
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