Cost of living comparison

compared to

Keflavik vs. Hong Kong Cost of Living Summary

Keflavik is 48.0% more expensive than Hong Kong.

Restaurants: pay 2.8 times more in Keflavik
Groceries: pay 23.6% more in Keflavik
Transportation: pay 29.2% more in Keflavik
Housing: pay 41.0% more in Keflavik
Childcare: pay 15.2% less in Keflavik
Entertainment and Sports: pay 9.6% more in Keflavik
Clothing: pay 70.9% more in Keflavik

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

Keflavik vs. Hong Kong Cost Breakdown

If you lived in Keflavik instead of Hong Kong, you would:

Display currency: USD

pay 2.8 times more for restaurants

	Hong Kong	Keflavik
Basic meal with drink at inexpensive restaurant	$7.91 HK$61.55	$24.61 ISK3,149	+211.2%
Fast food combo meal McDonalds, or similar	$6.43 HK$50.04	$20.51 ISK2,624	+219.0%
Bottle of Coca-Cola (11 fl. oz)	$1.39 HK$10.81	$3.28 ISK420	+136.2%
Bottle of water (11 fl. oz)	$1.11 HK$8.66	$2.70 ISK345	+142.5%
Average			+177.2%

Hong Kong vs. Keflavik - Cost of restaurants

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pay 23.6% more for groceries

	Hong Kong	Keflavik
Bread 1 loaf	$2.19 HK$17.06	$4.63 ISK593	+111.5%
Local cheese (8 oz)	$12.44 HK$96.86	$9.44 ISK1,208	-24.1%
Milk (1 gallon)	$11.75 HK$91.46	$7.63 ISK976	-35.1%
Eggs 1 dozen	$3.52 HK$27.37	$6.39 ISK818	+81.7%
Boneless chicken breast (1 lb)	$4.85 HK$37.76	$10.98 ISK1,405	+126.3%
Apples (1 lb)	$1.57 HK$12.19	$1.12 ISK143	-28.7%
Bananas (1 lb)	$1.09 HK$8.46	$1.12 ISK143	+2.7%
Oranges (1 lb)	$1.62 HK$12.63	$1.12 ISK143	-31.2%
Tomatoes (1 lb)	$1.39 HK$10.79	$1.86 ISK238	+34.3%
Potatoes (1 lb)	$1.10 HK$8.56	$1.45 ISK186	+31.9%
Onions (1 lb)	$1.06 HK$8.25	$0.96 ISK123	-9.4%
Average			+23.6%

Hong Kong vs. Keflavik - Cost of groceries

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pay 29.2% more for transportation

	Hong Kong	Keflavik
Gasoline (1 gallon)	$11.90 HK$92.63	$9.66 ISK1,236	-18.8%
Monthly public transit pass	$67.49 HK$525.40	$76.28 ISK9,762	+13.0%
New Volkswagen Golf 1.4 (standard edition)	$38,564.70 HK$300,226.22	$50,771.00 ISK6,497,672	+31.7%
Taxi trip in downtown area (5 miles)	$14.53 HK$113.09	$27.74 ISK3,550	+91.0%
Average			+29.2%

Hong Kong vs. Keflavik - Cost of transportation

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pay 41.0% more for housing

	Hong Kong	Keflavik
Internet connection 50 mbps or faster, cable/dsl	$22.19 HK$172.75	$81.97 ISK10,490	+269.4%
1-Bedroom apartment in downtown area	$2,349.29 HK$18,289.20	$1,886.48 ISK241,432	-19.7%
1-Bedroom apartment outside city center	$1,688.04 HK$13,141.37	$1,353.35 ISK173,201	-19.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$177.52 HK$1,382.03	$60.87 ISK7,791	-65.7%
Average			+41.0%

Hong Kong vs. Keflavik - Cost of housing

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pay 15.2% less for childcare

	Hong Kong	Keflavik
Private preschool for 1 child, monthly	$1,038.61 HK$8,085.57	$327.78 ISK41,949	-68.4%
Middle school for 1 child, two semesters	$22,248.89 HK$173,207.58	$30,711.08 ISK3,930,404	+38.0%
Average			-15.2%

Hong Kong vs. Keflavik - Cost of childcare

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pay 9.6% more for entertainment and sports

	Hong Kong	Keflavik
Domestic/local beer (1 pint)	$6.48 HK$50.47	$8.20 ISK1,050	+26.5%
Cappuccino in mid-range area	$5.23 HK$40.72	$4.10 ISK525	-21.6%
Pack of cigarettes Marlboro or similar	$13.11 HK$102.08	$13.94 ISK1,783	+6.3%
Monthly membership at local gym	$79.18 HK$616.38	$81.64 ISK10,449	+3.1%
Movie ticket to theater/cinema	$12.85 HK$100.08	$17.18 ISK2,199	+33.7%
Average			+9.6%

Hong Kong vs. Keflavik - Cost of entertainment and sports

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pay 70.9% more for clothing

	Hong Kong	Keflavik
Regular jeans Levi's brand	$74.06 HK$576.58	$145.10 ISK18,569	+95.9%
Regular dress from H&M or similar store	$42.18 HK$328.34	$63.97 ISK8,187	+51.7%
Running shoes Nike or Adidas	$91.97 HK$716.02	$185.91 ISK23,793	+102.1%
Men's business shoes (leather)	$142.80 HK$1,111.66	$191.38 ISK24,493	+34.0%
Average			+70.9%

Hong Kong vs. Keflavik - 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: December 2025

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