Cost of living comparison

compared to
Reykjavik vs. Montevideo Cost of Living Summary

Reykjavik is 52.2% more expensive than Montevideo.

Restaurants
pay 58.7% more in Reykjavik
Groceries
pay 44.4% more in Reykjavik
Transportation
pay 19.1% more in Reykjavik
Housing
pay 2.5 times more in Reykjavik
Childcare
pay 30.9% less in Reykjavik
Entertainment and Sports
pay 93.3% more in Reykjavik
Clothing
pay 34.4% more in Reykjavik

The cost of housing, entertainment and sports, restaurants, groceries, clothing, and transportation in Reykjavik are more expensive than in Montevideo. Notably, housing and entertainment and sports are significantly more expensive in Reykjavik.

Reykjavik vs. Montevideo Cost Breakdown

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

pay 58.7% more for restaurants

 
Montevideo
Reykjavik
Basic meal with drink at inexpensive restaurant $14.37
UYU623.00
$20.00
ISK2,801
Fast food combo meal
McDonalds, or similar
$9.64
UYU417.93
$18.02
ISK2,523
Bottle of Coca-Cola (11 fl. oz) $1.93
UYU83.64
$3.15
ISK442

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pay 44.4% more for groceries

 
Montevideo
Reykjavik
Bread
1 loaf
$2.66
UYU115.35
$3.61
ISK506
Local cheese (8 oz) $6.01
UYU260.50
$7.76
ISK1,087
Milk (1 gallon) $4.25
UYU184.01
$6.40
ISK897

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pay 19.1% more for transportation

 
Montevideo
Reykjavik
Gasoline (1 gallon) $6.92
UYU299.85
$8.50
ISK1,191
Monthly public transit pass $47.91
UYU2,076.68
$74.95
ISK10,497
New Volkswagen Golf 1.4 (standard edition) $35,934.74
UYU1,557,507.04
$42,450.45
ISK5,945,186

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pay 2.5 times more for housing

 
Montevideo
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$43.60
UYU1,889.58
$69.87
ISK9,785
1-Bedroom apartment in downtown area $578.38
UYU25,068.45
$1,971.17
ISK276,063
1-Bedroom apartment outside city center $419.05
UYU18,162.91
$1,803.44
ISK252,572

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pay 30.9% less for childcare

 
Montevideo
Reykjavik
Private preschool for 1 child, monthly $386.12
UYU16,735.61
$252.14
ISK35,312
Middle school for 1 child, two semesters $8,206.60
UYU355,695.78
$5,993.99
ISK839,459

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pay 93.3% more for entertainment and sports

 
Montevideo
Reykjavik
Domestic/local beer (1 pint) $3.42
UYU148.08
$10.81
ISK1,514
Cappuccino in mid-range area $3.79
UYU164.10
$5.31
ISK743
Pack of cigarettes
Marlboro or similar
$5.03
UYU218.05
$12.25
ISK1,715

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pay 34.4% more for clothing

 
Montevideo
Reykjavik
Regular jeans
Levi's brand
$93.83
UYU4,066.63
$108.97
ISK15,262
Regular dress
from H&M or similar store
$44.64
UYU1,934.64
$49.72
ISK6,963
Running shoes
Nike or Adidas
$109.94
UYU4,764.98
$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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