Cost of living comparison
compared to
Reykjavik vs. Finland Cost of Living Summary
Reykjavik is 74.3% more expensive than Finland overall.
- Restaurants
-
pay 56.0% more in Reykjavik
- Groceries
-
pay 75.0% more in Reykjavik
- Transportation
-
pay 32.6% more in Reykjavik
- Housing
-
pay 2.5 times more in Reykjavik
- Childcare
-
pay 88.1% more in Reykjavik
- Entertainment and Sports
-
pay 41.3% more in Reykjavik
- Clothing
-
pay 76.7% more in Reykjavik
The cost of housing, childcare, clothing, groceries, restaurants, and entertainment and sports in Reykjavik are more expensive than in Finland. Notably, housing, childcare, and clothing are significantly more expensive in Reykjavik.
Reykjavik vs. Finland Cost Breakdown
If you lived in Reykjavik instead of Finland, you would:
pay 56.0% more for restaurants
|
Finland
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.68
€13.52
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.56
€9.97
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.65
€2.29
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$2.14
€1.84
|
$2.70
ISK345
|
|
Finland vs. Reykjavik - Cost of restaurants
pay 75.0% more for groceries
|
Finland
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.47
€2.13
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$4.19
€3.62
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$4.85
€4.18
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$3.24
€2.80
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$6.13
€5.28
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.13
€0.98
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$0.94
€0.81
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$1.05
€0.90
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$1.90
€1.64
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$0.58
€0.50
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$0.83
€0.71
|
$1.13
ISK145
|
|
Finland vs. Reykjavik - Cost of groceries
pay 32.6% more for transportation
|
Finland
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.96
€6.86
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$69.84
€60.23
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,910.15
€30,103.97
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$20.49
€17.67
|
$28.07
ISK3,592
|
|
Finland vs. Reykjavik - Cost of transportation
pay 2.5 times more for housing
|
Finland
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$23.03
€19.86
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$801.83
€691.44
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$658.48
€567.82
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$112.00
€96.58
|
$60.87
ISK7,791
|
|
Finland vs. Reykjavik - Cost of housing
pay 88.1% more for childcare
|
Finland
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$333.41
€287.51
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$11,057.05
€9,534.79
|
$30,711.08
ISK3,930,404
|
|
Finland vs. Reykjavik - Cost of childcare
pay 41.3% more for entertainment and sports
|
Finland
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.87
€6.79
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$4.79
€4.13
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.15
€10.48
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$44.75
€38.59
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$16.99
€14.65
|
$17.18
ISK2,199
|
|
Finland vs. Reykjavik - Cost of entertainment and sports
pay 76.7% more for clothing
|
Finland
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$93.32
€80.47
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$37.73
€32.54
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$96.29
€83.04
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$137.67
€118.71
|
$248.79
ISK31,840
|
|
Finland 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
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