Cost of living comparison
compared to
Reykjavik vs. Innsbruck Cost of Living Summary
Reykjavik is 25.7% more expensive than Innsbruck.
- Restaurants
-
pay 18.4% more in Reykjavik
- Groceries
-
pay 21.0% more in Reykjavik
- Transportation
-
pay 27.9% more in Reykjavik
- Housing
-
pay 41.0% more in Reykjavik
- Childcare
-
pay 10.0% less in Reykjavik
- Entertainment and Sports
-
pay 62.4% more in Reykjavik
- Clothing
-
pay 19.2% more in Reykjavik
The cost of entertainment and sports, housing, transportation, groceries, clothing, and restaurants in Reykjavik are more expensive than in Innsbruck.
Reykjavik vs. Innsbruck Cost Breakdown
If you lived in Reykjavik instead of Innsbruck, you would:
pay 18.4% more for restaurants
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.02
€17.71
|
$27.48
ISK3,357
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.26
€10.33
|
$22.76
ISK2,781
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$4.42
€3.72
|
$3.34
ISK407
|
|
| Bottle of water (11 fl. oz) |
$3.29
€2.77
|
$2.70
ISK330
|
|
Innsbruck vs. Reykjavik - Cost of restaurants
pay 21.0% more for groceries
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.33
€2.80
|
$4.63
ISK566
|
|
| Local cheese (8 oz) |
$13.72
€11.56
|
$9.44
ISK1,153
|
|
| Milk (1 gallon) |
$7.64
€6.44
|
$7.63
ISK932
|
|
|
Eggs
1 dozen
|
$4.99
€4.21
|
$6.50
ISK794
|
|
| Boneless chicken breast (1 lb) |
$6.62
€5.58
|
$11.29
ISK1,380
|
|
| Apples (1 lb) |
$1.46
€1.23
|
$1.59
ISK194
|
|
| Bananas (1 lb) |
$1.17
€0.99
|
$1.17
ISK143
|
|
| Oranges (1 lb) |
$1.35
€1.13
|
$1.49
ISK182
|
|
| Tomatoes (1 lb) |
$2.69
€2.27
|
$2.54
ISK310
|
|
| Potatoes (1 lb) |
$1.08
€0.91
|
$1.70
ISK207
|
|
| Onions (1 lb) |
$0.86
€0.73
|
$1.13
ISK138
|
|
Innsbruck vs. Reykjavik - Cost of groceries
pay 27.9% more for transportation
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.71
€5.65
|
$9.66
ISK1,180
|
|
| Monthly public transit pass |
$69.32
€58.39
|
$88.58
ISK10,822
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,870.00
€28,529.31
|
$50,771.00
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$31.13
€26.22
|
$28.07
ISK3,429
|
|
Innsbruck vs. Reykjavik - Cost of transportation
pay 41.0% more for housing
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$39.54
€33.31
|
$81.97
ISK10,014
|
|
| 1-Bedroom apartment in downtown area |
$1,362.59
€1,147.73
|
$2,259.48
ISK276K
|
|
| 1-Bedroom apartment outside city center |
$1,177.66
€991.97
|
$2,034.90
ISK249K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$333.71
€281.09
|
$60.87
ISK7,437
|
|
Innsbruck vs. Reykjavik - Cost of housing
pay 10.0% less for childcare
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,302.05
€1,096.74
|
$327.78
ISK40,045
|
|
| Middle school for 1 child, two semesters |
$19,854.83
€16,724.08
|
$30,711.08
ISK4M
|
|
Innsbruck vs. Reykjavik - Cost of childcare
pay 62.4% more for entertainment and sports
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.66
€4.77
|
$13.12
ISK1,603
|
|
| Cappuccino in mid-range area |
$4.87
€4.10
|
$6.17
ISK754
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.88
€6.64
|
$13.94
ISK1,702
|
|
| Monthly membership at local gym |
$55.06
€46.38
|
$87.35
ISK10,672
|
|
| Movie ticket to theater/cinema |
$14.60
€12.30
|
$17.18
ISK2,099
|
|
Innsbruck vs. Reykjavik - Cost of entertainment and sports
pay 19.2% more for clothing
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$136.22
€114.74
|
$145.10
ISK17,726
|
|
|
Regular dress
from H&M or similar store
|
$53.72
€45.25
|
$63.97
ISK7,815
|
|
|
Running shoes
Nike or Adidas
|
$143.83
€121.15
|
$193.43
ISK23,631
|
|
| Men's business shoes (leather) |
$213.15
€179.54
|
$248.79
ISK30,395
|
|
Innsbruck 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: February 2026
Change currency:
Compare countries by overall cost of living
See the
cost of living in Austria vs. Iceland.
This provides a comparison of the average cost of living from cities within Austria and Iceland.
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Reykjavik or Innsbruck. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.