Cost of living comparison

compared to
Reykjavik vs. Luxembourg Cost of Living Summary

Reykjavik is 11.1% more expensive than Luxembourg.

Restaurants
pay 6.1% less in Reykjavik
Groceries
pay 20.9% more in Reykjavik
Transportation
pay 23.9% more in Reykjavik
Housing
pay 5.9% less in Reykjavik
Childcare
pay 73.5% less in Reykjavik
Entertainment and Sports
pay 44.4% more in Reykjavik
Clothing
pay 74.3% more in Reykjavik

The cost of clothing, entertainment and sports, transportation, and groceries in Reykjavik are more expensive than in Luxembourg. Expenses including childcare, restaurants, and housing are lower in Reykjavik.

Reykjavik vs. Luxembourg Cost Breakdown

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

pay 6.1% less for restaurants

 
Luxembourg
Reykjavik
Basic meal with drink at inexpensive restaurant $21.44
€20.43
$20.00
ISK2,801
Fast food combo meal
McDonalds, or similar
$12.86
€12.26
$18.02
ISK2,523
Bottle of Coca-Cola (11 fl. oz) $3.89
€3.71
$3.15
ISK442

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pay 20.9% more for groceries

 
Luxembourg
Reykjavik
Bread
1 loaf
$3.19
€3.04
$3.61
ISK506
Local cheese (8 oz) $8.38
€7.99
$7.76
ISK1,087
Milk (1 gallon) $5.80
€5.53
$6.40
ISK897

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pay 23.9% more for transportation

 
Luxembourg
Reykjavik
Gasoline (1 gallon) $6.12
€5.84
$8.50
ISK1,191
Monthly public transit pass ?? $74.95
ISK10,497
New Volkswagen Golf 1.4 (standard edition) $27,027.72
€25,761.55
$42,450.45
ISK5,945,186

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pay 5.9% less for housing

 
Luxembourg
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$51.67
€49.25
$69.87
ISK9,785
1-Bedroom apartment in downtown area $1,942.57
€1,851.57
$1,971.17
ISK276,063
1-Bedroom apartment outside city center $1,630.61
€1,554.22
$1,803.44
ISK252,572

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pay 73.5% less for childcare

 
Luxembourg
Reykjavik
Private preschool for 1 child, monthly $1,316.93
€1,255.23
$252.14
ISK35,312
Middle school for 1 child, two semesters $17,684.09
€16,855.64
$5,993.99
ISK839,459

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pay 44.4% more for entertainment and sports

 
Luxembourg
Reykjavik
Domestic/local beer (1 pint) $7.23
€6.90
$10.81
ISK1,514
Cappuccino in mid-range area $4.34
€4.14
$5.31
ISK743
Pack of cigarettes
Marlboro or similar
$6.16
€5.87
$12.25
ISK1,715

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pay 74.3% more for clothing

 
Luxembourg
Reykjavik
Regular jeans
Levi's brand
$64.15
€61.15
$108.97
ISK15,262
Regular dress
from H&M or similar store
$32.76
€31.23
$49.72
ISK6,963
Running shoes
Nike or Adidas
$82.52
€78.65
$151.85
ISK21,267

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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 2025
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