Cost of living comparison

Hong Kong

compared to

Iceland

Reykjavik vs. Hong Kong Cost of Living Summary

Reykjavik is 26.0% more expensive than Hong Kong.

Restaurants: pay 3.7 times more in Reykjavik
Groceries: pay 12.7% more in Reykjavik
Transportation: pay 11.2% less in Reykjavik
Housing: pay 5.5% more in Reykjavik
Childcare: pay 8.3% more in Reykjavik
Entertainment and Sports: pay 33.5% more in Reykjavik
Clothing: pay 2.0 times more in Reykjavik

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

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Reykjavik vs. Hong Kong Cost Breakdown

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

Display currency: USD

pay 3.7 times more for restaurants

	Hong Kong	Reykjavik
Basic meal with drink at inexpensive restaurant	$8.28 HK$65.00	$31.06 ISK3,763	+275.0%
Fast food combo meal McDonalds, or similar	$6.37 HK$50.00	$26.97 ISK3,268	+323.3%
Bottle of Coca-Cola (11 fl. oz)	$1.30 HK$10.24	$3.31 ISK402	+154.1%
Bottle of water (11 fl. oz)	$1.09 HK$8.59	$3.11 ISK376	+183.9%
Average			+266.0%

Hong Kong vs. Reykjavik - Cost of restaurants

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pay 12.7% more for groceries

	Hong Kong	Reykjavik
Bread 1 loaf	$2.37 HK$18.59	$4.19 ISK508	+77.0%
Local cheese (8 oz)	$12.52 HK$98.23	$10.93 ISK1,324	-12.7%
Milk (1 gallon)	$11.07 HK$86.91	$7.78 ISK942	-29.8%
Eggs 1 dozen	$3.47 HK$27.20	$7.08 ISK858	+104.3%
Boneless chicken breast (1 lb)	$3.96 HK$31.06	$11.00 ISK1,333	+178.0%
Apples (1 lb)	$1.87 HK$14.70	$1.50 ISK182	-19.7%
Bananas (1 lb)	$1.25 HK$9.78	$1.27 ISK154	+1.7%
Oranges (1 lb)	$2.09 HK$16.41	$1.46 ISK177	-30.2%
Tomatoes (1 lb)	$1.80 HK$14.11	$2.93 ISK355	+63.0%
Potatoes (1 lb)	$1.43 HK$11.25	$1.78 ISK215	+23.8%
Onions (1 lb)	$1.44 HK$11.31	$0.76 ISK92	-47.5%
Average			+12.7%

Hong Kong vs. Reykjavik - Cost of groceries

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pay 11.2% less for transportation

	Hong Kong	Reykjavik
Gasoline (1 gallon)	$15.51 HK$121.73	$7.76 ISK941	-49.9%
Monthly public transit pass	$89.19 HK$700.01	$94.80 ISK11,488	+6.3%
New Volkswagen Golf 1.4 (standard edition)	$44,597.12 HK$350K	$50,588.43 ISK6M	+13.4%
Taxi trip in downtown area (5 miles)	$14.40 HK$113.00	$29.26 ISK3,545	+103.2%
Average			-11.2%

Hong Kong vs. Reykjavik - Cost of transportation

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pay 5.5% more for housing

	Hong Kong	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$21.52 HK$168.90	$86.01 ISK10,422	+299.6%
1-Bedroom apartment in downtown area	$2,207.41 HK$17,324.05	$2,522.88 ISK306K	+14.3%
1-Bedroom apartment outside city center	$1,690.00 HK$13,263.34	$2,032.25 ISK246K	+20.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$190.59 HK$1,495.82	$73.44 ISK8,899	-61.5%
Average			+5.5%

Hong Kong vs. Reykjavik - Cost of housing

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pay 8.3% more for childcare

	Hong Kong	Reykjavik
Private preschool for 1 child, monthly	$1,171.99 HK$9,197.98	$1,185.23 ISK144K	+1.1%
Middle school for 1 child, two semesters	$22,295.74 HK$175K	$25,853.51 ISK3M	+16.0%
Average			+8.3%

Hong Kong vs. Reykjavik - Cost of childcare

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pay 33.5% more for entertainment and sports

	Hong Kong	Reykjavik
Domestic/local beer (1 pint)	$7.65 HK$60.00	$13.89 ISK1,684	+81.7%
Cappuccino in mid-range area	$5.04 HK$39.56	$6.74 ISK817	+33.8%
Pack of cigarettes Marlboro or similar	$13.38 HK$105.00	$13.89 ISK1,684	+3.8%
Monthly membership at local gym	$93.07 HK$730.44	$100.25 ISK12,148	+7.7%
Movie ticket to theater/cinema	$13.70 HK$107.50	$19.57 ISK2,372	+42.9%
Average			+33.5%

Hong Kong vs. Reykjavik - Cost of entertainment and sports

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pay 2.0 times more for clothing

	Hong Kong	Reykjavik
Regular jeans Levi's brand	$67.63 HK$530.78	$149.01 ISK18,058	+120.3%
Regular dress from H&M or similar store	$41.11 HK$322.62	$65.79 ISK7,972	+60.0%
Running shoes Nike or Adidas	$80.54 HK$632.08	$181.84 ISK22,035	+125.8%
Men's business shoes (leather)	$119.85 HK$940.64	$248.81 ISK30,151	+107.6%
Average			+101.6%

Hong Kong vs. Reykjavik - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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