Reykjavik is 5.1 times more expensive than Colombo.

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

Display currency: USD

pay 4.7 times more for restaurants

 
Colombo
Reykjavik
Basic meal with drink at inexpensive restaurant $3.32
LKR995.66
$21.59
ISK2,987
Fast food combo meal
McDonalds, or similar
$6.65
LKR1,991.33
$17.27
ISK2,390
Bottle of Coca-Cola (11 fl. oz) $0.69
LKR205.31
$2.90
ISK402

Improve prices ·

pay 2.4 times more for groceries

 
Colombo
Reykjavik
Bread
1 loaf
$0.61
LKR183.84
$3.68
ISK510
Local cheese (8 oz) $7.00
LKR2,096.28
$7.66
ISK1,060
Milk (1 gallon) $6.30
LKR1,888.68
$6.16
ISK853

Improve prices ·

pay 5.3 times more for transportation

 
Colombo
Reykjavik
Gasoline (1 gallon) $4.74
LKR1,421.72
$8.57
ISK1,187
Monthly public transit pass $6.31
LKR1,891.76
$66.92
ISK9,261
New Volkswagen Golf 1.4 (standard edition) $33,878.30
LKR10,150,780.48
$41,660.67
ISK5,765,837

Improve prices ·

pay 5.6 times more for housing

 
Colombo
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$17.03
LKR5,101.69
$68.45
ISK9,473
1-Bedroom apartment in downtown area $303.18
LKR90,839.57
$1,864.13
ISK257,996
1-Bedroom apartment outside city center $159.51
LKR47,791.81
$1,666.20
ISK230,602

Improve prices ·

pay 10.8 times more for childcare

 
Colombo
Reykjavik
Private preschool for 1 child, monthly $25.07
LKR7,512.73
$240.37
ISK33,267
Middle school for 1 child, two semesters $500.02
LKR149,817.94
$5,984.07
ISK828,196

Improve prices ·

pay 3.5 times more for entertainment and sports

 
Colombo
Reykjavik
Domestic/local beer (1 pint) $1.99
LKR597.40
$10.79
ISK1,494
Cappuccino in mid-range area $2.49
LKR745.32
$5.09
ISK704
Pack of cigarettes
Marlboro or similar
$8.14
LKR2,439.37
$11.87
ISK1,643

Improve prices ·

pay 3.2 times more for clothing

 
Colombo
Reykjavik
Regular jeans
Levi's brand
$28.44
LKR8,520.88
$103.94
ISK14,385
Regular dress
from H&M or similar store
$19.86
LKR5,949.08
$43.50
ISK6,020
Running shoes
Nike or Adidas
$64.29
LKR19,262.24
$141.47
ISK19,580

Improve prices ·
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: September 2024
Share this

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Reykjavik or Colombo. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.

Compare countries by overall cost of living

See the cost of living in Sri Lanka vs. Iceland. This provides a comparison of the average cost of living from cities within Sri Lanka 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