Cost of living comparison

compared to

Reykjavik vs. Punta Arenas Cost of Living Summary

Reykjavik is 2.5 times more expensive than Punta Arenas.

Restaurants: pay 2.2 times more in Reykjavik
Groceries: pay 75.6% more in Reykjavik
Transportation: pay 2.7 times more in Reykjavik
Housing: pay 3.4 times more in Reykjavik
Childcare: pay 2.8 times more in Reykjavik
Entertainment and Sports: pay 2.5 times more in Reykjavik
Clothing: pay 94.0% more in Reykjavik

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

Reykjavik vs. Punta Arenas Cost Breakdown

If you lived in Reykjavik instead of Punta Arenas, you would:

Display currency: USD

pay 2.2 times more for restaurants

	Punta Arenas	Reykjavik
Basic meal with drink at inexpensive restaurant	$11.02 CLF0.2600	$27.48 ISK3,517	+149.4%
Fast food combo meal McDonalds, or similar	$8.13 CLF0.1900	$22.76 ISK2,913	+179.9%
Bottle of Coca-Cola (11 fl. oz)	$2.17 CLF0.0500	$3.34 ISK427	+54.0%
Bottle of water (11 fl. oz)	$1.43 CLF0.0300	$2.70 ISK345	+88.4%
Average			+117.9%

Punta Arenas vs. Reykjavik - Cost of restaurants

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pay 75.6% more for groceries

	Punta Arenas	Reykjavik
Bread 1 loaf	$1.55 CLF0.0400	$4.63 ISK593	+198.3%
Local cheese (8 oz)	$7.35 CLF0.1700	$9.44 ISK1,208	+28.4%
Milk (1 gallon)	$4.84 CLF0.1100	$7.63 ISK976	+57.8%
Eggs 1 dozen	$4.23 CLF0.1000	$6.50 ISK832	+53.7%
Boneless chicken breast (1 lb)	$4.16 CLF0.1000	$11.29 ISK1,445	+171.2%
Apples (1 lb)	$1.16 CLF0.0300	$1.59 ISK204	+36.6%
Bananas (1 lb)	$1.05 CLF0.0200	$1.17 ISK150	+11.8%
Oranges (1 lb)	$1.02 CLF0.0200	$1.49 ISK190	+45.7%
Tomatoes (1 lb)	$1.52 CLF0.0400	$2.54 ISK325	+66.7%
Potatoes (1 lb)	$0.66 CLF0.0200	$1.70 ISK217	+155.4%
Onions (1 lb)	$1.07 CLF0.0300	$1.13 ISK145	+5.7%
Average			+75.6%

Punta Arenas vs. Reykjavik - Cost of groceries

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pay 2.7 times more for transportation

	Punta Arenas	Reykjavik
Gasoline (1 gallon)	$5.57 CLF0.1300	$9.66 ISK1,236	+73.3%
Monthly public transit pass	$20.00 CLF0.4700	$88.58 ISK11,337	+342.9%
New Volkswagen Golf 1.4 (standard edition)	$17,847.58 CLF419.1900	$50,771.00 ISK6,497,672	+184.5%
Taxi trip in downtown area (5 miles)	$17.32 CLF0.4100	$28.07 ISK3,592	+62.0%
Average			+165.7%

Punta Arenas vs. Reykjavik - Cost of transportation

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pay 3.4 times more for housing

	Punta Arenas	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$21.34 CLF0.5000	$81.97 ISK10,490	+284.0%
1-Bedroom apartment in downtown area	$587.92 CLF13.8100	$2,259.48 ISK289,169	+284.3%
1-Bedroom apartment outside city center	$390.46 CLF9.1700	$2,034.90 ISK260,427	+421.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$117.30 CLF2.7600	$60.87 ISK7,791	-48.1%
Average			+235.3%

Punta Arenas vs. Reykjavik - Cost of housing

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pay 2.8 times more for childcare

	Punta Arenas	Reykjavik
Private preschool for 1 child, monthly	$419.94 CLF9.8600	$327.78 ISK41,949	-21.9%
Middle school for 1 child, two semesters	$6,299.15 CLF147.9500	$30,711.08 ISK3,930,404	+387.5%
Average			+182.8%

Punta Arenas vs. Reykjavik - Cost of childcare

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pay 2.5 times more for entertainment and sports

	Punta Arenas	Reykjavik
Domestic/local beer (1 pint)	$3.62 CLF0.0900	$13.12 ISK1,680	+262.3%
Cappuccino in mid-range area	$3.88 CLF0.0900	$6.17 ISK790	+59.1%
Pack of cigarettes Marlboro or similar	$5.35 CLF0.1300	$13.94 ISK1,783	+160.3%
Monthly membership at local gym	$47.24 CLF1.1100	$87.35 ISK11,179	+84.9%
Movie ticket to theater/cinema	$6.56 CLF0.1500	$17.18 ISK2,199	+161.9%
Average			+145.7%

Punta Arenas vs. Reykjavik - Cost of entertainment and sports

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pay 94.0% more for clothing

	Punta Arenas	Reykjavik
Regular jeans Levi's brand	$60.37 CLF1.4200	$145.10 ISK18,569	+140.4%
Regular dress from H&M or similar store	$41.99 CLF0.9900	$63.97 ISK8,187	+52.3%
Running shoes Nike or Adidas	$99.74 CLF2.3400	$193.43 ISK24,755	+93.9%
Men's business shoes (leather)	$131.23 CLF3.0800	$248.79 ISK31,840	+89.6%
Average			+94.0%

Punta Arenas vs. Reykjavik - Cost of clothing

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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: December 2025

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