Cost of living comparison
compared to
Reykjavik vs. Monaco Cost of Living Summary
Reykjavik is 9.1% cheaper than Monaco.
- Restaurants
-
pay 5.4% more in Reykjavik
- Groceries
-
pay 10.2% more in Reykjavik
- Transportation
-
pay 68.9% more in Reykjavik
- Housing
-
pay 51.6% less in Reykjavik
- Childcare
-
pay 59.8% less in Reykjavik
- Entertainment and Sports
-
pay 2.3% less in Reykjavik
- Clothing
-
pay 34.4% less in Reykjavik
The cost of transportation, groceries, and restaurants in Reykjavik are more expensive than in Monaco. Expenses including childcare, housing, clothing, and entertainment and sports are lower in Reykjavik.
Reykjavik vs. Monaco Cost Breakdown
If you lived in Reykjavik instead of Monaco, you would:
pay 5.4% more for restaurants
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$23.36
€19.90
|
$27.48
ISK3,473
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.97
€10.20
|
$22.76
ISK2,877
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$5.96
€5.08
|
$3.34
ISK422
|
|
| Bottle of water (11 fl. oz) |
$4.67
€3.98
|
$2.70
ISK341
|
|
Monaco vs. Reykjavik - Cost of restaurants
pay 10.2% more for groceries
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.30
€3.66
|
$4.63
ISK586
|
|
| Local cheese (8 oz) |
$8.76
€7.46
|
$9.44
ISK1,193
|
|
| Milk (1 gallon) |
$7.00
€5.96
|
$7.63
ISK964
|
|
|
Eggs
1 dozen
|
$5.58
€4.76
|
$6.50
ISK822
|
|
| Boneless chicken breast (1 lb) |
$7.84
€6.68
|
$11.29
ISK1,427
|
|
| Apples (1 lb) |
$1.21
€1.03
|
$1.59
ISK201
|
|
| Bananas (1 lb) |
$1.59
€1.35
|
$1.17
ISK148
|
|
| Oranges (1 lb) |
$1.28
€1.09
|
$1.49
ISK188
|
|
| Tomatoes (1 lb) |
$2.17
€1.85
|
$2.54
ISK321
|
|
| Potatoes (1 lb) |
$1.65
€1.41
|
$1.70
ISK214
|
|
| Onions (1 lb) |
$1.32
€1.13
|
$1.13
ISK143
|
|
Monaco vs. Reykjavik - Cost of groceries
pay 68.9% more for transportation
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.31
€7.94
|
$9.66
ISK1,221
|
|
| Monthly public transit pass |
$25.70
€21.89
|
$88.58
ISK11,197
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$50,430.87
€42,967.40
|
$50,771.00
ISK6,417,454
|
|
| Taxi trip in downtown area (5 miles) |
$22.19
€18.91
|
$28.07
ISK3,548
|
|
Monaco vs. Reykjavik - Cost of transportation
pay 51.6% less for housing
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$66.58
€56.72
|
$81.97
ISK10,361
|
|
| 1-Bedroom apartment in downtown area |
$9,978.85
€8,502.04
|
$2,259.48
ISK285,599
|
|
| 1-Bedroom apartment outside city center |
$8,467.92
€7,214.72
|
$2,034.90
ISK257,212
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$256.14
€218.24
|
$60.87
ISK7,694
|
|
Monaco vs. Reykjavik - Cost of housing
pay 59.8% less for childcare
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,277.58
€1,940.51
|
$327.78
ISK41,431
|
|
| Middle school for 1 child, two semesters |
$46,573.59
€39,680.97
|
$30,711.08
ISK3,881,881
|
|
Monaco vs. Reykjavik - Cost of childcare
pay 2.3% less for entertainment and sports
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.93
€8.46
|
$13.12
ISK1,659
|
|
| Cappuccino in mid-range area |
$5.02
€4.28
|
$6.17
ISK780
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.60
€12.44
|
$13.94
ISK1,761
|
|
| Monthly membership at local gym |
$562.09
€478.91
|
$87.35
ISK11,041
|
|
| Movie ticket to theater/cinema |
$14.02
€11.94
|
$17.18
ISK2,172
|
|
Monaco vs. Reykjavik - Cost of entertainment and sports
pay 34.4% less for clothing
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$190.09
€161.96
|
$145.10
ISK18,340
|
|
|
Regular dress
from H&M or similar store
|
$93.05
€79.28
|
$63.97
ISK8,086
|
|
|
Running shoes
Nike or Adidas
|
$238.56
€203.26
|
$193.43
ISK24,449
|
|
| Men's business shoes (leather) |
$682.11
€581.16
|
$248.79
ISK31,447
|
|
Monaco vs. Reykjavik - Cost of clothing
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: December 2025
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cost of living in Monaco vs. Iceland.
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