Cost of living comparison
Reykjavik is 2.7 times more expensive than Ecuador.
If you lived in Reykjavik instead of Ecuador, you would:
pay 3.9 times more for restaurants
|
Ecuador
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.39
|
$20.00
ISK2,748
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.83
|
$18.02
ISK2,475
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.90
|
$3.15
ISK433
|
|
| Bottle of water (11 fl. oz) |
$0.62
|
$2.19
ISK300
|
|
pay 2.4 times more for groceries
|
Ecuador
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.64
|
$3.61
ISK496
|
|
| Local cheese (8 oz) |
$3.00
|
$7.76
ISK1,066
|
|
| Milk (1 gallon) |
$4.18
|
$6.40
ISK880
|
|
|
Eggs
1 dozen
|
$2.19
|
$5.76
ISK791
|
|
| Boneless chicken breast (1 lb) |
$2.60
|
$9.45
ISK1,298
|
|
| Apples (1 lb) |
$0.87
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$0.53
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.59
|
$1.22
ISK167
|
|
| Tomatoes (1 lb) |
$0.54
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$0.53
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$0.49
|
$0.93
ISK128
|
|
pay 2.6 times more for transportation
|
Ecuador
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.46
|
$8.50
ISK1,168
|
|
| Monthly public transit pass |
$24.42
|
$74.95
ISK10,297
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,111.11
|
$42,450.45
ISK5,831,843
|
|
| Taxi trip in downtown area (5 miles) |
$12.51
|
$24.05
ISK3,304
|
|
pay 4.0 times more for housing
|
Ecuador
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.71
|
$69.87
ISK9,598
|
|
| 1-Bedroom apartment in downtown area |
$344.59
|
$1,971.17
ISK270,800
|
|
| 1-Bedroom apartment outside city center |
$278.18
|
$1,803.44
ISK247,757
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$37.19
|
$53.95
ISK7,412
|
|
pay 17.9% more for childcare
|
Ecuador
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$227.49
|
$252.14
ISK34,639
|
|
| Middle school for 1 child, two semesters |
$4,800.83
|
$5,993.99
ISK823,455
|
|
pay 2.7 times more for entertainment and sports
|
Ecuador
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.17
|
$10.81
ISK1,485
|
|
| Cappuccino in mid-range area |
$2.37
|
$5.31
ISK729
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.97
|
$12.25
ISK1,682
|
|
| Monthly membership at local gym |
$32.03
|
$69.95
ISK9,609
|
|
| Movie ticket to theater/cinema |
$6.55
|
$14.77
ISK2,030
|
|
pay 80.9% more for clothing
|
Ecuador
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.26
|
$108.97
ISK14,971
|
|
|
Regular dress
from H&M or similar store
|
$46.74
|
$49.72
ISK6,831
|
|
|
Running shoes
Nike or Adidas
|
$93.54
|
$151.85
ISK20,862
|
|
| Men's business shoes (leather) |
$77.58
|
$194.16
ISK26,673
|
|
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