Cost of living comparison

compared to

Reykjavik vs. Gibraltar Cost of Living Summary

Reykjavik is 46.4% more expensive than Gibraltar.

Restaurants: pay 30.0% more in Reykjavik
Groceries: pay 28.1% more in Reykjavik
Transportation: pay 3.2 times more in Reykjavik
Housing: pay 5.3% more in Reykjavik
Childcare: pay 65.3% less in Reykjavik
Entertainment and Sports: pay 73.4% more in Reykjavik
Clothing: pay 35.6% more in Reykjavik

The cost of transportation, entertainment and sports, clothing, restaurants, groceries, and housing in Reykjavik are more expensive than in Gibraltar. Notably, transportation is significantly more expensive in Reykjavik.

Reykjavik vs. Gibraltar Cost Breakdown

If you lived in Reykjavik instead of Gibraltar, you would:

Display currency: USD

pay 30.0% more for restaurants

	Gibraltar	Reykjavik
Basic meal with drink at inexpensive restaurant	$20.66 GIP15.23	$20.00 ISK2,493	-3.2%
Fast food combo meal McDonalds, or similar	$10.98 GIP8.09	$18.02 ISK2,246	+64.1%
Bottle of Coca-Cola (11 fl. oz)	$2.15 GIP1.59	$3.15 ISK393	+46.4%
Bottle of water (11 fl. oz)	$1.94 GIP1.43	$2.19 ISK272	+12.8%
Average			+30.0%

Gibraltar vs. Reykjavik - Cost of restaurants

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pay 28.1% more for groceries

	Gibraltar	Reykjavik
Bread 1 loaf	$1.78 GIP1.31	$3.61 ISK450	+103.4%
Local cheese (8 oz)	$4.65 GIP3.43	$7.76 ISK967	+66.9%
Milk (1 gallon)	$8.40 GIP6.19	$6.40 ISK798	-23.8%
Eggs 1 dozen	$3.80 GIP2.80	$5.76 ISK718	+51.6%
Boneless chicken breast (1 lb)	$3.99 GIP2.94	$9.45 ISK1,178	+137.0%
Apples (1 lb)	$1.83 GIP1.35	$1.40 ISK175	-23.4%
Bananas (1 lb)	$1.61 GIP1.19	$1.01 ISK126	-37.4%
Oranges (1 lb)	$1.86 GIP1.37	$1.22 ISK152	-34.4%
Tomatoes (1 lb)	$1.76 GIP1.30	$2.22 ISK277	+26.6%
Potatoes (1 lb)	$1.05 GIP0.77	$1.43 ISK179	+36.6%
Onions (1 lb)	$0.88 GIP0.65	$0.93 ISK116	+5.9%
Average			+28.1%

Gibraltar vs. Reykjavik - Cost of groceries

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pay 3.2 times more for transportation

	Gibraltar	Reykjavik
Gasoline (1 gallon)	$5.96 GIP4.39	$8.50 ISK1,060	+42.7%
Monthly public transit pass	$8.33 GIP6.14	$74.95 ISK9,343	+799.8%
New Volkswagen Golf 1.4 (standard edition)	$31,804.11 GIP23,445.70	$42,450.45 ISK5,291,449	+33.5%
Taxi trip in downtown area (5 miles)	$25.57 GIP18.85	$24.05 ISK2,998	-6.0%
Average			+217.5%

Gibraltar vs. Reykjavik - Cost of transportation

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pay 5.3% more for housing

	Gibraltar	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$54.78 GIP40.39	$69.87 ISK8,709	+27.5%
1-Bedroom apartment in downtown area	$1,685.73 GIP1,242.70	$1,971.17 ISK245,706	+16.9%
1-Bedroom apartment outside city center	$1,569.58 GIP1,157.08	$1,803.44 ISK224,799	+14.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$87.28 GIP64.35	$53.95 ISK6,725	-38.2%
Average			+5.3%

Gibraltar vs. Reykjavik - Cost of housing

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pay 65.3% less for childcare

	Gibraltar	Reykjavik
Private preschool for 1 child, monthly	$825.15 GIP608.29	$252.14 ISK31,429	-69.4%
Middle school for 1 child, two semesters	$15,498.45 GIP11,425.32	$5,993.99 ISK747,151	-61.3%
Average			-65.3%

Gibraltar vs. Reykjavik - Cost of childcare

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pay 73.4% more for entertainment and sports

	Gibraltar	Reykjavik
Domestic/local beer (1 pint)	$5.17 GIP3.81	$10.81 ISK1,348	+109.3%
Cappuccino in mid-range area	$3.14 GIP2.31	$5.31 ISK661	+69.0%
Pack of cigarettes Marlboro or similar	$4.65 GIP3.43	$12.25 ISK1,526	+163.4%
Monthly membership at local gym	$76.95 GIP56.73	$69.95 ISK8,719	-9.1%
Movie ticket to theater/cinema	$10.98 GIP8.09	$14.77 ISK1,842	+34.6%
Average			+73.4%

Gibraltar vs. Reykjavik - Cost of entertainment and sports

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pay 35.6% more for clothing

	Gibraltar	Reykjavik
Regular jeans Levi's brand	$128.35 GIP94.62	$108.97 ISK13,583	-15.1%
Regular dress from H&M or similar store	$42.78 GIP31.54	$49.72 ISK6,198	+16.2%
Running shoes Nike or Adidas	$130.95 GIP96.53	$151.85 ISK18,929	+16.0%
Men's business shoes (leather)	$86.10 GIP63.47	$194.16 ISK24,202	+125.5%
Average			+35.6%

Gibraltar vs. Reykjavik - Cost of clothing

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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: June 2025

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