Cost of living comparison
compared to
Reykjavik vs. Florence Cost of Living Summary
Reykjavik is 56.1% more expensive than Florence.
- Restaurants
-
pay 45.8% more in Reykjavik
- Groceries
-
pay 47.5% more in Reykjavik
- Transportation
-
pay 50.8% more in Reykjavik
- Housing
-
pay 74.2% more in Reykjavik
- Childcare
-
pay 1.1% less in Reykjavik
- Entertainment and Sports
-
pay 87.9% more in Reykjavik
- Clothing
-
pay 87.3% more in Reykjavik
The cost of entertainment and sports, clothing, housing, transportation, groceries, and restaurants in Reykjavik are more expensive than in Florence. Notably, entertainment and sports and clothing are significantly more expensive in Reykjavik.
Reykjavik vs. Florence Cost Breakdown
If you lived in Reykjavik instead of Florence, you would:
pay 45.8% more for restaurants
|
Florence
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$23.36
€19.90
|
$27.48
ISK3,473
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.26
€10.45
|
$22.76
ISK2,877
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.23
€2.75
|
$3.34
ISK422
|
|
| Bottle of water (11 fl. oz) |
$1.52
€1.30
|
$2.70
ISK341
|
|
Florence vs. Reykjavik - Cost of restaurants
pay 47.5% more for groceries
|
Florence
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.43
€2.07
|
$4.63
ISK586
|
|
| Local cheese (8 oz) |
$11.97
€10.20
|
$9.44
ISK1,193
|
|
| Milk (1 gallon) |
$6.70
€5.71
|
$7.63
ISK964
|
|
|
Eggs
1 dozen
|
$4.83
€4.11
|
$6.50
ISK822
|
|
| Boneless chicken breast (1 lb) |
$5.28
€4.50
|
$11.29
ISK1,427
|
|
| Apples (1 lb) |
$1.10
€0.94
|
$1.59
ISK201
|
|
| Bananas (1 lb) |
$0.93
€0.79
|
$1.17
ISK148
|
|
| Oranges (1 lb) |
$1.50
€1.28
|
$1.49
ISK188
|
|
| Tomatoes (1 lb) |
$1.46
€1.25
|
$2.54
ISK321
|
|
| Potatoes (1 lb) |
$0.82
€0.70
|
$1.70
ISK214
|
|
| Onions (1 lb) |
$0.80
€0.68
|
$1.13
ISK143
|
|
Florence vs. Reykjavik - Cost of groceries
pay 50.8% more for transportation
|
Florence
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.87
€6.71
|
$9.66
ISK1,221
|
|
| Monthly public transit pass |
$42.63
€36.32
|
$88.58
ISK11,197
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,119.71
€27,366.19
|
$50,771.00
ISK6,417,454
|
|
| Taxi trip in downtown area (5 miles) |
$24.53
€20.90
|
$28.07
ISK3,548
|
|
Florence vs. Reykjavik - Cost of transportation
pay 74.2% more for housing
|
Florence
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$35.09
€29.90
|
$81.97
ISK10,361
|
|
| 1-Bedroom apartment in downtown area |
$1,119.90
€954.16
|
$2,259.48
ISK285,599
|
|
| 1-Bedroom apartment outside city center |
$900.04
€766.84
|
$2,034.90
ISK257,212
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$172.27
€146.78
|
$60.87
ISK7,694
|
|
Florence vs. Reykjavik - Cost of housing
pay 1.1% less for childcare
|
Florence
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$770.87
€656.79
|
$327.78
ISK41,431
|
|
| Middle school for 1 child, two semesters |
$19,791.58
€16,862.55
|
$30,711.08
ISK3,881,881
|
|
Florence vs. Reykjavik - Cost of childcare
pay 87.9% more for entertainment and sports
|
Florence
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.01
€5.97
|
$13.12
ISK1,659
|
|
| Cappuccino in mid-range area |
$2.03
€1.73
|
$6.17
ISK780
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.01
€5.97
|
$13.94
ISK1,761
|
|
| Monthly membership at local gym |
$85.00
€72.42
|
$87.35
ISK11,041
|
|
| Movie ticket to theater/cinema |
$11.68
€9.95
|
$17.18
ISK2,172
|
|
Florence vs. Reykjavik - Cost of entertainment and sports
pay 87.3% more for clothing
|
Florence
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$96.36
€82.10
|
$145.10
ISK18,340
|
|
|
Regular dress
from H&M or similar store
|
$29.67
€25.28
|
$63.97
ISK8,086
|
|
|
Running shoes
Nike or Adidas
|
$96.03
€81.82
|
$193.43
ISK24,449
|
|
| Men's business shoes (leather) |
$136.82
€116.57
|
$248.79
ISK31,447
|
|
Florence 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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