Cost of living comparison
Reykjavik is 15.3% more expensive than Iceland.
If you lived in Reykjavik instead of Iceland, you would:
pay 4.4% more for restaurants
Iceland
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
kr2,507
|
$18.40
kr2,587
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr2,006
|
$15.62
kr2,196
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr326
|
$2.53
kr356
|
|
Bottle of water (11 fl. oz) |
$2.12
kr298
|
$2.03
kr285
|
|
pay 14.9% more for groceries
Iceland
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
kr481
|
$3.40
kr479
|
|
Local cheese (8 oz) |
$5.98
kr841
|
$7.20
kr1,011
|
|
Milk (1 gallon) |
$5.33
kr749
|
$5.90
kr829
|
|
Eggs
1 dozen
|
$5.66
kr795
|
$5.64
kr793
|
|
Boneless chicken breast (1 lb) |
$7.09
kr997
|
$8.08
kr1,136
|
|
Apples (1 lb) |
$1.16
kr163
|
$1.57
kr220
|
|
Bananas (1 lb) |
$0.98
kr138
|
$0.93
kr131
|
|
Oranges (1 lb) |
$1.17
kr165
|
$1.23
kr173
|
|
Tomatoes (1 lb) |
$1.84
kr258
|
$2.22
kr311
|
|
Potatoes (1 lb) |
$0.96
kr134
|
$1.24
kr175
|
|
Onions (1 lb) |
$0.51
kr72
|
$0.69
kr97
|
|
pay 10.7% more for transportation
Iceland
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
kr1,129
|
$8.90
kr1,250
|
|
Monthly public transit pass |
$77.40
kr10,879
|
$65.56
kr9,215
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,193,865
|
$37,150.35
kr5,221,853
|
|
Taxi trip in downtown area (5 miles) |
$23.97
kr3,369
|
$29.44
kr4,139
|
|
pay 7.3% more for housing
Iceland
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,771
|
$64.04
kr9,002
|
|
1-Bedroom apartment in downtown area |
$1,437.14
kr202,005
|
$1,613.16
kr226,746
|
|
1-Bedroom apartment outside city center |
$1,215.63
kr170,868
|
$1,379.70
kr193,931
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,647
|
$69.31
kr9,743
|
|
pay 64.6% more for childcare
Iceland
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
kr36,453
|
$282.44
kr39,699
|
|
Middle school for 1 child, two semesters |
$2,750.10
kr386,554
|
$6,058.18
kr851,537
|
|
pay 11.9% more for entertainment and sports
Iceland
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
kr1,198
|
$9.47
kr1,331
|
|
Cappuccino in mid-range area |
$4.15
kr584
|
$4.53
kr636
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,495
|
$11.66
kr1,638
|
|
Monthly membership at local gym |
$56.90
kr7,998
|
$67.30
kr9,460
|
|
Movie ticket to theater/cinema |
$12.27
kr1,725
|
$13.66
kr1,920
|
|
pay 6.7% less for clothing
Iceland
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
kr16,597
|
$108.17
kr15,204
|
|
Regular dress
from H&M or similar store
|
$50.39
kr7,083
|
$43.41
kr6,102
|
|
Running shoes
Nike or Adidas
|
$151.12
kr21,241
|
$137.74
kr19,361
|
|
Men's business shoes (leather) |
$175.20
kr24,626
|
$182.49
kr25,651
|
|
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