Cost of living comparison
Reykjavik is 44.2% more expensive than Madrid.
If you lived in Reykjavik instead of Madrid, you would:
pay 33.5% more for restaurants
|
Madrid
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.19
€12.38
|
$18.40
kr2,586
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.80
€8.25
|
$15.62
kr2,196
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.53
€2.37
|
$2.53
kr356
|
|
| Bottle of water (11 fl. oz) |
$1.74
€1.63
|
$2.03
kr285
|
|
pay 68.0% more for groceries
|
Madrid
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.25
€1.17
|
$3.40
kr478
|
|
| Local cheese (8 oz) |
$5.92
€5.56
|
$7.20
kr1,011
|
|
| Milk (1 gallon) |
$3.90
€3.66
|
$5.90
kr828
|
|
|
Eggs
1 dozen
|
$2.69
€2.52
|
$5.64
kr793
|
|
| Boneless chicken breast (1 lb) |
$3.74
€3.51
|
$8.08
kr1,136
|
|
| Apples (1 lb) |
$1.08
€1.01
|
$1.57
kr220
|
|
| Bananas (1 lb) |
$0.98
€0.91
|
$0.93
kr131
|
|
| Oranges (1 lb) |
$0.86
€0.81
|
$1.23
kr173
|
|
| Tomatoes (1 lb) |
$1.03
€0.97
|
$2.22
kr311
|
|
| Potatoes (1 lb) |
$0.67
€0.63
|
$1.24
kr175
|
|
| Onions (1 lb) |
$0.74
€0.69
|
$0.69
kr97
|
|
pay 45.0% more for transportation
|
Madrid
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.44
€6.98
|
$8.90
kr1,250
|
|
| Monthly public transit pass |
$59.37
€55.70
|
$65.56
kr9,212
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,693.49
€25,983.41
|
$37,150.35
kr5,220,368
|
|
| Taxi trip in downtown area (5 miles) |
$13.63
€12.79
|
$29.44
kr4,137
|
|
pay 39.8% more for housing
|
Madrid
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$34.19
€32.08
|
$64.04
kr8,999
|
|
| 1-Bedroom apartment in downtown area |
$1,094.67
€1,027.07
|
$1,613.16
kr226,681
|
|
| 1-Bedroom apartment outside city center |
$816.29
€765.88
|
$1,379.70
kr193,876
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$125.07
€117.35
|
$69.31
kr9,740
|
|
pay 41.5% less for childcare
|
Madrid
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$529.47
€496.78
|
$282.44
kr39,688
|
|
| Middle school for 1 child, two semesters |
$9,499.24
€8,912.67
|
$6,058.18
kr851,295
|
|
pay 2.0 times more for entertainment and sports
|
Madrid
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.30
€3.09
|
$9.47
kr1,331
|
|
| Cappuccino in mid-range area |
$2.17
€2.04
|
$4.53
kr636
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.61
€5.26
|
$11.66
kr1,638
|
|
| Monthly membership at local gym |
$41.71
€39.13
|
$67.30
kr9,458
|
|
| Movie ticket to theater/cinema |
$9.90
€9.28
|
$13.66
kr1,919
|
|
pay 64.3% more for clothing
|
Madrid
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$67.45
€63.29
|
$108.17
kr15,199
|
|
|
Regular dress
from H&M or similar store
|
$35.01
€32.85
|
$43.41
kr6,101
|
|
|
Running shoes
Nike or Adidas
|
$76.87
€72.13
|
$137.74
kr19,355
|
|
| Men's business shoes (leather) |
$94.21
€88.39
|
$182.49
kr25,644
|
|
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