Cost of living comparison

compared to

Keflavik vs. Hanoi Cost of Living Summary

Keflavik is 4.7 times more expensive than Hanoi.

Restaurants: pay 8.9 times more in Keflavik
Groceries: pay 3.0 times more in Keflavik
Transportation: pay 4.8 times more in Keflavik
Housing: pay 5.3 times more in Keflavik
Childcare: pay 2.0 times more in Keflavik
Entertainment and Sports: pay 5.8 times more in Keflavik
Clothing: pay 2.8 times more in Keflavik

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

Keflavik vs. Hanoi Cost Breakdown

If you lived in Keflavik instead of Hanoi, you would:

Display currency: USD

pay 8.9 times more for restaurants

	Hanoi	Keflavik
Basic meal with drink at inexpensive restaurant	$1.89 ₫49,888	$24.61 ISK3,063	+1199.2%
Fast food combo meal McDonalds, or similar	$4.32 ₫114K	$20.51 ISK2,552	+374.8%
Bottle of Coca-Cola (11 fl. oz)	$0.47 ₫12,472	$3.28 ISK408	+592.9%
Bottle of water (11 fl. oz)	$0.25 ₫6,477	$2.70 ISK336	+996.8%
Average			+790.9%

Hanoi vs. Keflavik - Cost of restaurants

Improve prices · Change currency (USD)

pay 3.0 times more for groceries

	Hanoi	Keflavik
Bread 1 loaf	$0.91 ₫23,850	$4.63 ISK577	+411.9%
Local cheese (8 oz)	$4.95 ₫131K	$9.44 ISK1,175	+90.5%
Milk (1 gallon)	$5.27 ₫139K	$7.63 ISK950	+44.7%
Eggs 1 dozen	$1.51 ₫39,703	$6.39 ISK795	+323.9%
Boneless chicken breast (1 lb)	$1.59 ₫41,846	$10.98 ISK1,366	+590.8%
Apples (1 lb)	$1.44 ₫37,805	$1.12 ISK139	-22.2%
Bananas (1 lb)	$0.47 ₫12,384	$1.12 ISK139	+137.4%
Oranges (1 lb)	$0.66 ₫17,407	$1.12 ISK139	+68.9%
Tomatoes (1 lb)	$0.50 ₫13,166	$1.86 ISK232	+272.2%
Potatoes (1 lb)	$0.44 ₫11,638	$1.45 ISK181	+228.4%
Onions (1 lb)	$0.46 ₫12,144	$0.96 ISK119	+108.2%
Average			+205.0%

Hanoi vs. Keflavik - Cost of groceries

Improve prices · Change currency (USD)

pay 4.8 times more for transportation

	Hanoi	Keflavik
Gasoline (1 gallon)	$3.20 ₫84,407	$9.66 ISK1,202	+201.4%
Monthly public transit pass	$7.58 ₫200K	$76.28 ISK9,495	+906.9%
New Volkswagen Golf 1.4 (standard edition)	$37,880.00 ₫998M	$50,771.00 ISK6M	+34.0%
Taxi trip in downtown area (5 miles)	$5.61 ₫148K	$27.74 ISK3,453	+394.8%
Average			+384.3%

Hanoi vs. Keflavik - Cost of transportation

Improve prices · Change currency (USD)

pay 5.3 times more for housing

	Hanoi	Keflavik
Internet connection 50 mbps or faster, cable/dsl	$8.67 ₫228K	$81.97 ISK10,203	+844.9%
1-Bedroom apartment in downtown area	$348.52 ₫9M	$1,886.48 ISK235K	+441.3%
1-Bedroom apartment outside city center	$258.44 ₫7M	$1,353.35 ISK168K	+423.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$56.25 ₫1M	$60.87 ISK7,578	+8.2%
Average			+429.5%

Hanoi vs. Keflavik - Cost of housing

Improve prices · Change currency (USD)

pay 2.0 times more for childcare

	Hanoi	Keflavik
Private preschool for 1 child, monthly	$231.49 ₫6M	$327.78 ISK40,802	+41.6%
Middle school for 1 child, two semesters	$11,784.89 ₫310M	$30,711.08 ISK4M	+160.6%
Average			+101.1%

Hanoi vs. Keflavik - Cost of childcare

Improve prices · Change currency (USD)

pay 5.8 times more for entertainment and sports

	Hanoi	Keflavik
Domestic/local beer (1 pint)	$0.95 ₫24,944	$8.20 ISK1,021	+766.1%
Cappuccino in mid-range area	$1.79 ₫47,207	$4.10 ISK510	+128.8%
Pack of cigarettes Marlboro or similar	$1.33 ₫34,922	$13.94 ISK1,735	+951.1%
Monthly membership at local gym	$27.93 ₫736K	$81.64 ISK10,163	+192.3%
Movie ticket to theater/cinema	$3.79 ₫99,776	$17.18 ISK2,139	+353.6%
Average			+478.4%

Hanoi vs. Keflavik - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 2.8 times more for clothing

	Hanoi	Keflavik
Regular jeans Levi's brand	$41.82 ₫1M	$145.10 ISK18,062	+247.0%
Regular dress from H&M or similar store	$22.94 ₫604K	$63.97 ISK7,963	+178.9%
Running shoes Nike or Adidas	$86.52 ₫2M	$185.91 ISK23,143	+114.9%
Men's business shoes (leather)	$72.39 ₫2M	$191.38 ISK23,823	+164.4%
Average			+176.3%

Hanoi vs. Keflavik - Cost of clothing

Improve prices · Change currency (USD)

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: April 2026

More cost comparisons

Hanoi vs.

Madrid

Hanoi vs.

Quito

Hanoi vs.

Hong Kong

Hanoi vs.

Beijing

Hanoi vs.

Mexico City

Hanoi vs.

Vienna

Hanoi vs.

Dublin

Hanoi vs.

Warsaw

Share this

Compare countries by overall cost of living

See the cost of living in Vietnam vs. Iceland. This provides a comparison of the average cost of living from cities within Vietnam 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

Add prices for Hanoi

Add prices for Keflavik

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Keflavik or Hanoi. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.