Cost of living comparison
compared to
Reykjavik vs. Falkland Islands (Islas Malvinas) Cost of Living Summary
Reykjavik is 2.7 times more expensive than Falkland Islands (Islas Malvinas) overall.
- Restaurants
-
pay 53.4% more in Reykjavik
- Groceries
-
pay 77.4% more in Reykjavik
- Transportation
-
pay 10.3 times more in Reykjavik
- Housing
-
pay 15.2% more in Reykjavik
- Childcare
-
pay 45.5% less in Reykjavik
- Entertainment and Sports
-
pay 2.3 times more in Reykjavik
- Clothing
-
pay 51.2% more in Reykjavik
The cost of transportation, entertainment and sports, groceries, restaurants, clothing, and housing in Reykjavik are more expensive than in Falkland Islands (Islas Malvinas). Notably, transportation, entertainment and sports, and groceries are significantly more expensive in Reykjavik.
Reykjavik vs. Falkland Islands (Islas Malvinas) Cost Breakdown
If you lived in Reykjavik instead of Falkland Islands (Islas Malvinas), you would:
pay 53.4% more for restaurants
|
Falkland Islands (Islas Malvinas)
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.71
FKP19.96
|
$27.48
ISK3,452
|
|
|
Fast food combo meal
McDonalds, or similar
|
?? |
$22.76
ISK2,859
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.26
FKP1.69
|
$3.34
ISK419
|
|
| Bottle of water (11 fl. oz) |
$1.29
FKP0.96
|
$2.70
ISK339
|
|
Falkland Islands (Islas Malvinas) vs. Reykjavik - Cost of restaurants
pay 77.4% more for groceries
|
Falkland Islands (Islas Malvinas)
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.36
FKP2.51
|
$4.63
ISK582
|
|
| Local cheese (8 oz) |
$1.47
FKP1.10
|
$9.44
ISK1,186
|
|
| Milk (1 gallon) |
$7.99
FKP5.97
|
$7.63
ISK959
|
|
|
Eggs
1 dozen
|
$7.17
FKP5.36
|
$6.50
ISK817
|
|
| Boneless chicken breast (1 lb) |
$3.56
FKP2.66
|
$11.29
ISK1,419
|
|
| Apples (1 lb) |
$4.03
FKP3.01
|
$1.59
ISK200
|
|
| Bananas (1 lb) |
$2.27
FKP1.70
|
$1.17
ISK147
|
|
| Oranges (1 lb) |
$4.53
FKP3.39
|
$1.49
ISK187
|
|
| Tomatoes (1 lb) |
$2.38
FKP1.78
|
$2.54
ISK319
|
|
| Potatoes (1 lb) |
$1.70
FKP1.27
|
$1.70
ISK213
|
|
| Onions (1 lb) |
$0.33
FKP0.25
|
$1.13
ISK142
|
|
Falkland Islands (Islas Malvinas) vs. Reykjavik - Cost of groceries
pay 10.3 times more for transportation
|
Falkland Islands (Islas Malvinas)
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.19
FKP4.63
|
$9.66
ISK1,214
|
|
| Monthly public transit pass | ?? |
$88.58
ISK11,129
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$2,670.87
FKP1,996.46
|
$50,771.00
ISK6,378,360
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$28.07
ISK3,526
|
|
Falkland Islands (Islas Malvinas) vs. Reykjavik - Cost of transportation
pay 15.2% more for housing
|
Falkland Islands (Islas Malvinas)
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$452.27
FKP338.07
|
$81.97
ISK10,298
|
|
| 1-Bedroom apartment in downtown area |
$1,201.89
FKP898.41
|
$2,259.48
ISK283,859
|
|
| 1-Bedroom apartment outside city center |
$868.03
FKP648.85
|
$2,034.90
ISK255,645
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$299.85
FKP224.14
|
$60.87
ISK7,648
|
|
Falkland Islands (Islas Malvinas) vs. Reykjavik - Cost of housing
pay 45.5% less for childcare
|
Falkland Islands (Islas Malvinas)
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$600.94
FKP449.20
|
$327.78
ISK41,179
|
|
| Middle school for 1 child, two semesters | ?? |
$30,711.08
ISK3,858,233
|
|
Falkland Islands (Islas Malvinas) vs. Reykjavik - Cost of childcare
pay 2.3 times more for entertainment and sports
|
Falkland Islands (Islas Malvinas)
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.21
FKP3.14
|
$13.12
ISK1,649
|
|
| Cappuccino in mid-range area |
$3.36
FKP2.51
|
$6.17
ISK776
|
|
|
Pack of cigarettes
Marlboro or similar
|
$16.29
FKP12.17
|
$13.94
ISK1,751
|
|
| Monthly membership at local gym |
$22.33
FKP16.69
|
$87.35
ISK10,974
|
|
| Movie ticket to theater/cinema |
$11.02
FKP8.24
|
$17.18
ISK2,159
|
|
Falkland Islands (Islas Malvinas) vs. Reykjavik - Cost of entertainment and sports
pay 51.2% more for clothing
|
Falkland Islands (Islas Malvinas)
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$113.51
FKP84.85
|
$145.10
ISK18,228
|
|
|
Regular dress
from H&M or similar store
|
$93.48
FKP69.88
|
$63.97
ISK8,036
|
|
|
Running shoes
Nike or Adidas
|
$110.17
FKP82.35
|
$193.43
ISK24,301
|
|
| Men's business shoes (leather) |
$106.83
FKP79.86
|
$248.79
ISK31,256
|
|
Falkland Islands (Islas Malvinas) 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: December 2025
Change currency:
More cost comparisons
Compare countries by overall cost of living
See the
cost of living in Falkland Islands (Islas Malvinas) vs. Iceland.
This provides a comparison of the average cost of living from cities within Falkland Islands (Islas Malvinas) 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 Falkland Islands (Islas Malvinas). It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.