Reykjavik is 2.4 times more expensive than Lima.

If you lived in Reykjavik instead of Lima, you would:

Display currency: USD

pay 3.8 times more for restaurants

 
Lima
Reykjavik
Basic meal with drink at inexpensive restaurant $4.03
PEN15.31
$21.59
ISK3,009
Fast food combo meal
McDonalds, or similar
$6.18
PEN23.47
$17.27
ISK2,407
Bottle of Coca-Cola (11 fl. oz) $0.86
PEN3.28
$2.90
ISK405

Improve prices ·

pay 2.5 times more for groceries

 
Lima
Reykjavik
Bread
1 loaf
$2.33
PEN8.86
$3.68
ISK514
Local cheese (8 oz) $3.60
PEN13.68
$7.66
ISK1,067
Milk (1 gallon) $4.93
PEN18.73
$6.16
ISK859

Improve prices ·

pay 95.4% more for transportation

 
Lima
Reykjavik
Gasoline (1 gallon) $5.61
PEN21.32
$8.57
ISK1,195
Monthly public transit pass $20.86
PEN79.20
$66.92
ISK9,328
New Volkswagen Golf 1.4 (standard edition) $21,497.63
PEN81,638.16
$41,660.67
ISK5,807,497

Improve prices ·

pay 2.9 times more for housing

 
Lima
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$29.05
PEN110.32
$68.45
ISK9,542
1-Bedroom apartment in downtown area $557.54
PEN2,117.26
$1,864.13
ISK259,860
1-Bedroom apartment outside city center $362.83
PEN1,377.85
$1,666.20
ISK232,268

Improve prices ·

pay 11.7% less for childcare

 
Lima
Reykjavik
Private preschool for 1 child, monthly $250.81
PEN952.45
$240.37
ISK33,507
Middle school for 1 child, two semesters $7,392.79
PEN28,074.46
$5,984.07
ISK834,180

Improve prices ·

pay 2.7 times more for entertainment and sports

 
Lima
Reykjavik
Domestic/local beer (1 pint) $2.15
PEN8.16
$10.79
ISK1,505
Cappuccino in mid-range area $2.66
PEN10.10
$5.09
ISK709
Pack of cigarettes
Marlboro or similar
$5.37
PEN20.41
$11.87
ISK1,655

Improve prices ·

pay 84.1% more for clothing

 
Lima
Reykjavik
Regular jeans
Levi's brand
$43.97
PEN166.97
$103.94
ISK14,489
Regular dress
from H&M or similar store
$31.91
PEN121.17
$43.50
ISK6,063
Running shoes
Nike or Adidas
$81.88
PEN310.95
$141.47
ISK19,721

Improve prices ·
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: June 2024
Share this

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Reykjavik or Lima. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.

Compare countries by overall cost of living

See the cost of living in Peru vs. Iceland. This provides a comparison of the average cost of living from cities within Peru 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