Cost of living comparison
Reykjavik is 2.3 times more expensive than Quito.
If you lived in Reykjavik instead of Quito, you would:
pay 3.1 times more for restaurants
Quito
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$5.00
|
$20.00
ISK2,758
|
|
Fast food combo meal
McDonalds, or similar
|
$8.00
|
$18.02
ISK2,484
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.08
|
$3.15
ISK435
|
|
Bottle of water (11 fl. oz) |
$0.70
|
$2.19
ISK301
|
|
pay 2.2 times more for groceries
Quito
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$1.58
|
$3.61
ISK498
|
|
Local cheese (8 oz) |
$4.12
|
$7.76
ISK1,070
|
|
Milk (1 gallon) |
$4.23
|
$6.40
ISK883
|
|
Eggs
1 dozen
|
$2.31
|
$5.76
ISK794
|
|
Boneless chicken breast (1 lb) |
$3.38
|
$9.45
ISK1,303
|
|
Apples (1 lb) |
$1.08
|
$1.40
ISK193
|
|
Bananas (1 lb) |
$0.55
|
$1.01
ISK139
|
|
Oranges (1 lb) |
$0.55
|
$1.22
ISK168
|
|
Tomatoes (1 lb) |
$0.61
|
$2.22
ISK307
|
|
Potatoes (1 lb) |
$0.64
|
$1.43
ISK198
|
|
Onions (1 lb) |
$0.47
|
$0.93
ISK129
|
|
pay 2.7 times more for transportation
Quito
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$2.69
|
$8.50
ISK1,172
|
|
Monthly public transit pass |
$20.00
|
$74.95
ISK10,335
|
|
New Volkswagen Golf 1.4 (standard edition) |
$20,000.00
|
$42,450.45
ISK5,853,068
|
|
Taxi trip in downtown area (5 miles) |
$13.50
|
$24.05
ISK3,316
|
|
pay 3.3 times more for housing
Quito
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$31.13
|
$69.87
ISK9,633
|
|
1-Bedroom apartment in downtown area |
$451.67
|
$1,971.17
ISK271,785
|
|
1-Bedroom apartment outside city center |
$362.50
|
$1,803.44
ISK248,658
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$31.45
|
$53.95
ISK7,439
|
|
pay 14.7% less for childcare
Quito
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$288.89
|
$252.14
ISK34,765
|
|
Middle school for 1 child, two semesters |
$7,190.00
|
$5,993.99
ISK826,452
|
|
pay 2.4 times more for entertainment and sports
Quito
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.50
|
$10.81
ISK1,491
|
|
Cappuccino in mid-range area |
$2.78
|
$5.31
ISK731
|
|
Pack of cigarettes
Marlboro or similar
|
$7.50
|
$12.25
ISK1,688
|
|
Monthly membership at local gym |
$37.27
|
$69.95
ISK9,644
|
|
Movie ticket to theater/cinema |
$7.00
|
$14.77
ISK2,037
|
|
pay 87.3% more for clothing
Quito
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$43.89
|
$108.97
ISK15,025
|
|
Regular dress
from H&M or similar store
|
$44.40
|
$49.72
ISK6,855
|
|
Running shoes
Nike or Adidas
|
$97.73
|
$151.85
ISK20,938
|
|
Men's business shoes (leather) |
$83.12
|
$194.16
ISK26,770
|
|
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