Cost of living comparison
Reykjavik is 15.5% cheaper than Monaco.
If you lived in Reykjavik instead of Monaco, you would:
pay 23.2% less for restaurants
Monaco
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$27.49
€25.53
|
$18.40
ISK2,570
|
|
Fast food combo meal
McDonalds, or similar
|
$9.90
€9.19
|
$15.62
ISK2,182
|
|
Bottle of Coca-Cola (11 fl. oz) |
$5.17
€4.80
|
$2.53
ISK354
|
|
Bottle of water (11 fl. oz) |
$6.10
€5.67
|
$2.03
ISK283
|
|
pay 23.7% more for groceries
Monaco
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$4.12
€3.83
|
$3.40
ISK475
|
|
Local cheese (8 oz) |
$7.70
€7.15
|
$7.20
ISK1,005
|
|
Milk (1 gallon) |
$7.28
€6.76
|
$5.90
ISK823
|
|
Eggs
1 dozen
|
$3.26
€3.03
|
$5.64
ISK788
|
|
Boneless chicken breast (1 lb) |
$4.99
€4.63
|
$8.08
ISK1,129
|
|
Apples (1 lb) |
$0.83
€0.77
|
$1.57
ISK219
|
|
Bananas (1 lb) |
$1.00
€0.93
|
$0.93
ISK130
|
|
Oranges (1 lb) |
$0.91
€0.85
|
$1.23
ISK172
|
|
Tomatoes (1 lb) |
$1.75
€1.62
|
$2.22
ISK309
|
|
Potatoes (1 lb) |
$0.75
€0.69
|
$1.24
ISK174
|
|
Onions (1 lb) |
$1.16
€1.08
|
$0.69
ISK96
|
|
pay 53.1% more for transportation
Monaco
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$7.63
€7.09
|
$8.90
ISK1,242
|
|
Monthly public transit pass |
$39.58
€36.76
|
$65.56
ISK9,155
|
|
New Volkswagen Golf 1.4 (standard edition) |
$21,988.99
€20,420.08
|
$37,150.35
ISK5,187,675
|
|
Taxi trip in downtown area (5 miles) |
$18.25
€16.95
|
$29.44
ISK4,111
|
|
pay 51.0% less for housing
Monaco
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$77.33
€71.81
|
$64.04
ISK8,943
|
|
1-Bedroom apartment in downtown area |
$5,728.44
€5,319.71
|
$1,613.16
ISK225,262
|
|
1-Bedroom apartment outside city center |
$3,664.83
€3,403.35
|
$1,379.70
ISK192,661
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$146.95
€136.46
|
$69.31
ISK9,679
|
|
pay 82.2% less for childcare
Monaco
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$3,518.24
€3,267.21
|
$282.44
ISK39,439
|
|
Middle school for 1 child, two semesters |
$21,988.99
€20,420.08
|
$6,058.18
ISK845,964
|
|
pay 12.4% less for entertainment and sports
Monaco
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$7.70
€7.15
|
$9.47
ISK1,322
|
|
Cappuccino in mid-range area |
$4.74
€4.40
|
$4.53
ISK632
|
|
Pack of cigarettes
Marlboro or similar
|
$10.99
€10.21
|
$11.66
ISK1,628
|
|
Monthly membership at local gym |
$659.67
€612.60
|
$67.30
ISK9,398
|
|
Movie ticket to theater/cinema |
$13.19
€12.25
|
$13.66
ISK1,907
|
|
pay 16.6% less for clothing
Monaco
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$132.67
€123.20
|
$108.17
ISK15,104
|
|
Regular dress
from H&M or similar store
|
$34.08
€31.65
|
$43.41
ISK6,062
|
|
Running shoes
Nike or Adidas
|
$153.65
€142.69
|
$137.74
ISK19,234
|
|
Men's business shoes (leather) |
$523.34
€486.00
|
$182.49
ISK25,483
|
|
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