Cost of living comparison
Reykjavik is 47.8% more expensive than Italy.
If you lived in Reykjavik instead of Italy, you would:
pay 41.9% more for restaurants
Italy
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$15.74
€14.77
|
$18.40
kr2,599
|
|
Fast food combo meal
McDonalds, or similar
|
$9.09
€8.52
|
$15.62
kr2,207
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.45
€2.29
|
$2.53
kr358
|
|
Bottle of water (11 fl. oz) |
$1.16
€1.09
|
$2.03
kr286
|
|
pay 54.3% more for groceries
Italy
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$1.86
€1.74
|
$3.40
kr481
|
|
Local cheese (8 oz) |
$7.20
€6.75
|
$7.20
kr1,016
|
|
Milk (1 gallon) |
$4.88
€4.58
|
$5.90
kr833
|
|
Eggs
1 dozen
|
$3.14
€2.95
|
$5.64
kr797
|
|
Boneless chicken breast (1 lb) |
$4.47
€4.19
|
$8.08
kr1,142
|
|
Apples (1 lb) |
$0.96
€0.90
|
$1.57
kr221
|
|
Bananas (1 lb) |
$0.84
€0.79
|
$0.93
kr132
|
|
Oranges (1 lb) |
$0.94
€0.88
|
$1.23
kr174
|
|
Tomatoes (1 lb) |
$1.20
€1.12
|
$2.22
kr313
|
|
Potatoes (1 lb) |
$0.65
€0.61
|
$1.24
kr176
|
|
Onions (1 lb) |
$0.71
€0.67
|
$0.69
kr97
|
|
pay 45.8% more for transportation
Italy
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.02
€7.52
|
$8.90
kr1,257
|
|
Monthly public transit pass |
$38.40
€36.01
|
$65.56
kr9,260
|
|
New Volkswagen Golf 1.4 (standard edition) |
$25,887.08
€24,278.61
|
$37,150.35
kr5,247,487
|
|
Taxi trip in downtown area (5 miles) |
$18.65
€17.49
|
$29.44
kr4,159
|
|
pay 2.0 times more for housing
Italy
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$30.75
€28.84
|
$64.04
kr9,046
|
|
1-Bedroom apartment in downtown area |
$608.10
€570.32
|
$1,613.16
kr227,859
|
|
1-Bedroom apartment outside city center |
$488.80
€458.43
|
$1,379.70
kr194,883
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$151.72
€142.29
|
$69.31
kr9,791
|
|
pay 37.7% less for childcare
Italy
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$459.30
€430.76
|
$282.44
kr39,894
|
|
Middle school for 1 child, two semesters |
$9,604.44
€9,007.68
|
$6,058.18
kr855,718
|
|
pay 88.2% more for entertainment and sports
Italy
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$4.83
€4.53
|
$9.47
kr1,338
|
|
Cappuccino in mid-range area |
$1.60
€1.50
|
$4.53
kr640
|
|
Pack of cigarettes
Marlboro or similar
|
$6.30
€5.91
|
$11.66
kr1,646
|
|
Monthly membership at local gym |
$51.79
€48.57
|
$67.30
kr9,507
|
|
Movie ticket to theater/cinema |
$9.32
€8.74
|
$13.66
kr1,929
|
|
pay 41.5% more for clothing
Italy
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$80.37
€75.37
|
$108.17
kr15,278
|
|
Regular dress
from H&M or similar store
|
$36.54
€34.27
|
$43.41
kr6,132
|
|
Running shoes
Nike or Adidas
|
$89.56
€83.99
|
$137.74
kr19,456
|
|
Men's business shoes (leather) |
$114.84
€107.71
|
$182.49
kr25,777
|
|
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