Cost of living comparison
compared to
Reykjavik vs. Germany Cost of Living Summary
Reykjavik is 55.4% more expensive than Germany overall.
- Restaurants
-
pay 38.5% more in Reykjavik
- Groceries
-
pay 58.2% more in Reykjavik
- Transportation
-
pay 32.6% more in Reykjavik
- Housing
-
pay 85.7% more in Reykjavik
- Childcare
-
pay 25.8% more in Reykjavik
- Entertainment and Sports
-
pay 79.3% more in Reykjavik
- Clothing
-
pay 67.8% more in Reykjavik
The cost of housing, entertainment and sports, clothing, groceries, restaurants, and transportation in Reykjavik are more expensive than in Germany. Notably, housing and entertainment and sports are significantly more expensive in Reykjavik.
Reykjavik vs. Germany Cost Breakdown
If you lived in Reykjavik instead of Germany, you would:
pay 38.5% more for restaurants
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.25
€14.01
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.88
€10.24
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.29
€2.84
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$2.93
€2.53
|
$2.70
ISK345
|
|
Germany vs. Reykjavik - Cost of restaurants
pay 58.2% more for groceries
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.25
€1.94
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$7.39
€6.37
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$4.79
€4.13
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$3.84
€3.31
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$6.58
€5.67
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.45
€1.25
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$0.82
€0.71
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$1.05
€0.91
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$2.20
€1.90
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$0.71
€0.61
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$0.72
€0.62
|
$1.13
ISK145
|
|
Germany vs. Reykjavik - Cost of groceries
pay 32.6% more for transportation
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.59
€6.55
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$62.94
€54.28
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,651.13
€27,293.63
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$27.45
€23.67
|
$28.07
ISK3,592
|
|
Germany vs. Reykjavik - Cost of transportation
pay 85.7% more for housing
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$48.64
€41.94
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$874.65
€754.23
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$695.68
€599.90
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$258.10
€222.57
|
$60.87
ISK7,791
|
|
Germany vs. Reykjavik - Cost of housing
pay 25.8% more for childcare
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$497.10
€428.67
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$16,538.74
€14,261.81
|
$30,711.08
ISK3,930,404
|
|
Germany vs. Reykjavik - Cost of childcare
pay 79.3% more for entertainment and sports
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.05
€4.36
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$3.95
€3.40
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.74
€8.40
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$40.02
€34.51
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$14.41
€12.42
|
$17.18
ISK2,199
|
|
Germany vs. Reykjavik - Cost of entertainment and sports
pay 67.8% more for clothing
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$91.81
€79.17
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$46.05
€39.71
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$102.53
€88.42
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$134.07
€115.61
|
$248.79
ISK31,840
|
|
Germany 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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cost of living in Germany vs. Iceland.
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