Cost of living comparison
compared to
Reykjavik vs. Ibiza Cost of Living Summary
Reykjavik is 46.2% more expensive than Ibiza.
- Restaurants
-
pay 58.7% more in Reykjavik
- Groceries
-
pay 22.0% more in Reykjavik
- Transportation
-
pay 57.8% more in Reykjavik
- Housing
-
pay 15.2% more in Reykjavik
- Childcare
-
pay 26.1% less in Reykjavik
- Entertainment and Sports
-
pay 2.2 times more in Reykjavik
- Clothing
-
pay 72.4% more in Reykjavik
The cost of entertainment and sports, clothing, restaurants, transportation, groceries, and housing in Reykjavik are more expensive than in Ibiza. Notably, entertainment and sports is significantly more expensive in Reykjavik.
Reykjavik vs. Ibiza Cost Breakdown
If you lived in Reykjavik instead of Ibiza, you would:
pay 58.7% more for restaurants
|
Ibiza
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.52
€14.93
|
$27.48
ISK3,473
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.26
€10.45
|
$22.76
ISK2,877
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.95
€2.51
|
$3.34
ISK422
|
|
| Bottle of water (11 fl. oz) |
$1.50
€1.28
|
$2.70
ISK341
|
|
Ibiza vs. Reykjavik - Cost of restaurants
pay 22.0% more for groceries
|
Ibiza
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.50
€2.99
|
$4.63
ISK586
|
|
| Local cheese (8 oz) |
$10.51
€8.96
|
$9.44
ISK1,193
|
|
| Milk (1 gallon) |
$5.31
€4.52
|
$7.63
ISK964
|
|
|
Eggs
1 dozen
|
?? |
$6.50
ISK822
|
|
| Boneless chicken breast (1 lb) | ?? |
$11.29
ISK1,427
|
|
| Apples (1 lb) | ?? |
$1.59
ISK201
|
|
| Bananas (1 lb) | ?? |
$1.17
ISK148
|
|
| Oranges (1 lb) | ?? |
$1.49
ISK188
|
|
| Tomatoes (1 lb) | ?? |
$2.54
ISK321
|
|
| Potatoes (1 lb) | ?? |
$1.70
ISK214
|
|
| Onions (1 lb) | ?? |
$1.13
ISK143
|
|
Ibiza vs. Reykjavik - Cost of groceries
pay 57.8% more for transportation
|
Ibiza
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.02
€5.98
|
$9.66
ISK1,221
|
|
| Monthly public transit pass | ?? |
$88.58
ISK11,197
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$50,771.00
ISK6,417,454
|
|
| Taxi trip in downtown area (5 miles) |
$15.77
€13.44
|
$28.07
ISK3,548
|
|
Ibiza vs. Reykjavik - Cost of transportation
pay 15.2% more for housing
|
Ibiza
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$35.04
€29.85
|
$81.97
ISK10,361
|
|
| 1-Bedroom apartment in downtown area |
$2,335.98
€1,990.27
|
$2,259.48
ISK285,599
|
|
| 1-Bedroom apartment outside city center |
$2,102.38
€1,791.24
|
$2,034.90
ISK257,212
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$182.98
€155.90
|
$60.87
ISK7,694
|
|
Ibiza vs. Reykjavik - Cost of housing
pay 26.1% less for childcare
|
Ibiza
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$443.84
€378.15
|
$327.78
ISK41,431
|
|
| Middle school for 1 child, two semesters | ?? |
$30,711.08
ISK3,881,881
|
|
Ibiza vs. Reykjavik - Cost of childcare
pay 2.2 times more for entertainment and sports
|
Ibiza
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.50
€2.99
|
$13.12
ISK1,659
|
|
| Cappuccino in mid-range area |
$2.80
€2.39
|
$6.17
ISK780
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.61
€4.78
|
$13.94
ISK1,761
|
|
| Monthly membership at local gym |
$87.60
€74.64
|
$87.35
ISK11,041
|
|
| Movie ticket to theater/cinema |
$9.93
€8.46
|
$17.18
ISK2,172
|
|
Ibiza vs. Reykjavik - Cost of entertainment and sports
pay 72.4% more for clothing
|
Ibiza
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$73.58
€62.69
|
$145.10
ISK18,340
|
|
|
Regular dress
from H&M or similar store
|
$57.23
€48.76
|
$63.97
ISK8,086
|
|
|
Running shoes
Nike or Adidas
|
$84.68
€72.15
|
$193.43
ISK24,449
|
|
| Men's business shoes (leather) |
$163.52
€139.32
|
$248.79
ISK31,447
|
|
Ibiza 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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