Cost of living comparison
Reykjavik is 13.0% more expensive than Luxembourg.
If you lived in Reykjavik instead of Luxembourg, you would:
pay 1.4% less for restaurants
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.06
€19.04
|
$21.59
ISK2,987
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.91
€10.77
|
$17.27
ISK2,390
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.42
€3.09
|
$2.90
ISK402
|
|
| Bottle of water (11 fl. oz) |
$3.33
€3.01
|
$2.07
ISK287
|
|
pay 31.1% more for groceries
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
€2.67
|
$3.68
ISK510
|
|
| Local cheese (8 oz) |
$8.08
€7.30
|
$7.66
ISK1,060
|
|
| Milk (1 gallon) |
$5.49
€4.97
|
$6.16
ISK853
|
|
|
Eggs
1 dozen
|
$3.92
€3.55
|
$5.91
ISK818
|
|
| Boneless chicken breast (1 lb) |
$5.50
€4.97
|
$8.87
ISK1,228
|
|
| Apples (1 lb) |
$1.19
€1.08
|
$1.53
ISK211
|
|
| Bananas (1 lb) |
$0.80
€0.73
|
$0.97
ISK134
|
|
| Oranges (1 lb) |
$1.14
€1.03
|
$1.26
ISK174
|
|
| Tomatoes (1 lb) |
$1.99
€1.80
|
$2.23
ISK308
|
|
| Potatoes (1 lb) |
$0.74
€0.67
|
$1.42
ISK196
|
|
| Onions (1 lb) |
$0.74
€0.67
|
$1.01
ISK140
|
|
pay 22.2% more for transportation
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.17
€5.58
|
$8.57
ISK1,187
|
|
| Monthly public transit pass | ?? |
$66.92
ISK9,261
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,583.68
€24,938.90
|
$41,660.67
ISK5,765,837
|
|
| Taxi trip in downtown area (5 miles) |
$30.32
€27.42
|
$23.30
ISK3,224
|
|
pay 4.2% less for housing
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$51.70
€46.74
|
$68.45
ISK9,473
|
|
| 1-Bedroom apartment in downtown area |
$1,876.48
€1,696.56
|
$1,864.13
ISK257,996
|
|
| 1-Bedroom apartment outside city center |
$1,454.17
€1,314.74
|
$1,666.20
ISK230,602
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$175.23
€158.43
|
$64.43
ISK8,918
|
|
pay 74.0% less for childcare
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,174.85
€1,062.20
|
$240.37
ISK33,267
|
|
| Middle school for 1 child, two semesters |
$18,971.77
€17,152.72
|
$5,984.07
ISK828,196
|
|
pay 56.0% more for entertainment and sports
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.50
€5.87
|
$10.79
ISK1,494
|
|
| Cappuccino in mid-range area |
$3.85
€3.48
|
$5.09
ISK704
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.96
€5.39
|
$11.87
ISK1,643
|
|
| Monthly membership at local gym |
$38.16
€34.50
|
$65.50
ISK9,066
|
|
| Movie ticket to theater/cinema |
$13.00
€11.75
|
$14.39
ISK1,992
|
|
pay 61.6% more for clothing
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$61.37
€55.48
|
$103.94
ISK14,385
|
|
|
Regular dress
from H&M or similar store
|
$33.16
€29.98
|
$43.50
ISK6,020
|
|
|
Running shoes
Nike or Adidas
|
$86.13
€77.87
|
$141.47
ISK19,580
|
|
| Men's business shoes (leather) |
$96.05
€86.84
|
$174.65
ISK24,172
|
|
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