Cost of living comparison
compared to
Reykjavik vs. Helsinki Cost of Living Summary
Reykjavik is 51.0% more expensive than Helsinki.
- Restaurants
-
pay 33.2% more in Reykjavik
- Groceries
-
pay 62.5% more in Reykjavik
- Transportation
-
pay 26.1% more in Reykjavik
- Housing
-
pay 95.4% more in Reykjavik
- Childcare
-
pay 51.8% more in Reykjavik
- Entertainment and Sports
-
pay 28.5% more in Reykjavik
- Clothing
-
pay 59.6% more in Reykjavik
The cost of housing, groceries, clothing, childcare, restaurants, and entertainment and sports in Reykjavik are more expensive than in Helsinki. Notably, housing is significantly more expensive in Reykjavik.
Reykjavik vs. Helsinki Cost Breakdown
If you lived in Reykjavik instead of Helsinki, you would:
pay 33.2% more for restaurants
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.52
€15.11
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.85
€11.08
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.33
€2.87
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$2.74
€2.36
|
$2.70
ISK345
|
|
Helsinki vs. Reykjavik - Cost of restaurants
pay 62.5% more for groceries
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.59
€2.23
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$5.00
€4.31
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$5.19
€4.48
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$3.67
€3.16
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$6.74
€5.82
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.28
€1.10
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$1.00
€0.86
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$1.24
€1.07
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$2.06
€1.78
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$0.56
€0.49
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$0.79
€0.68
|
$1.13
ISK145
|
|
Helsinki vs. Reykjavik - Cost of groceries
pay 26.1% more for transportation
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.91
€6.82
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$84.09
€72.51
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$37,056.70
€31,954.99
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$20.03
€17.27
|
$28.07
ISK3,592
|
|
Helsinki vs. Reykjavik - Cost of transportation
pay 95.4% more for housing
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$25.95
€22.38
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$1,216.29
€1,048.84
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$911.76
€786.24
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$107.39
€92.61
|
$60.87
ISK7,791
|
|
Helsinki vs. Reykjavik - Cost of housing
pay 51.8% more for childcare
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$437.97
€377.68
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$13,422.45
€11,574.54
|
$30,711.08
ISK3,930,404
|
|
Helsinki vs. Reykjavik - Cost of childcare
pay 28.5% more for entertainment and sports
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.47
€7.30
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$5.20
€4.48
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.96
€11.18
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$50.02
€43.13
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$19.85
€17.12
|
$17.18
ISK2,199
|
|
Helsinki vs. Reykjavik - Cost of entertainment and sports
pay 59.6% more for clothing
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$107.25
€92.49
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$43.83
€37.80
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$109.22
€94.19
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$138.09
€119.07
|
$248.79
ISK31,840
|
|
Helsinki 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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