Cost of living comparison

compared to
Athens vs. Reykjavik Cost of Living Summary

Athens is 15.6% cheaper than Reykjavik.

Restaurants
pay 44.0% less in Athens
Groceries
pay 37.2% less in Athens
Transportation
pay 36.3% less in Athens
Housing
pay 1.5% less in Athens
Childcare
pay 81.3% more in Athens
Entertainment and Sports
pay 41.0% less in Athens
Clothing
pay 30.7% less in Athens

Expenses including restaurants, entertainment and sports, groceries, transportation, clothing, and housing are lower in Athens. Notably, childcare is significantly more expensive in Athens.

Athens vs. Reykjavik Cost Breakdown

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

pay 44.0% less for restaurants

 
Reykjavik
Athens
Basic meal with drink at inexpensive restaurant $20.00
ISK2,833
$16.08
€15.65
Fast food combo meal
McDonalds, or similar
$18.02
ISK2,553
$9.65
€9.39
Bottle of Coca-Cola (11 fl. oz) $3.15
ISK447
$2.06
€2.01

Improve prices ·

pay 37.2% less for groceries

 
Reykjavik
Athens
Bread
1 loaf
$3.61
ISK512
$1.27
€1.24
Local cheese (8 oz) $7.76
ISK1,099
$6.59
€6.42
Milk (1 gallon) $6.40
ISK907
$6.29
€6.13

Improve prices ·

pay 36.3% less for transportation

 
Reykjavik
Athens
Gasoline (1 gallon) $8.50
ISK1,204
$7.64
€7.44
Monthly public transit pass $74.95
ISK10,619
$30.01
€29.22
New Volkswagen Golf 1.4 (standard edition) $42,450.45
ISK6,013,955
$30,384.48
€29,585.68

Improve prices ·

pay 1.5% less for housing

 
Reykjavik
Athens
Internet connection
50 mbps or faster, cable/dsl
$69.87
ISK9,898
$32.55
€31.69
1-Bedroom apartment in downtown area $1,971.17
ISK279,256
$634.68
€618.00
1-Bedroom apartment outside city center $1,803.44
ISK255,493
$557.32
€542.66

Improve prices ·

pay 81.3% more for childcare

 
Reykjavik
Athens
Private preschool for 1 child, monthly $252.14
ISK35,721
$463.20
€451.02
Middle school for 1 child, two semesters $5,993.99
ISK849,169
$10,722.29
€10,440.40

Improve prices ·

pay 41.0% less for entertainment and sports

 
Reykjavik
Athens
Domestic/local beer (1 pint) $10.81
ISK1,532
$5.36
€5.22
Cappuccino in mid-range area $5.31
ISK752
$3.71
€3.61
Pack of cigarettes
Marlboro or similar
$12.25
ISK1,735
$4.88
€4.75

Improve prices ·

pay 30.7% less for clothing

 
Reykjavik
Athens
Regular jeans
Levi's brand
$108.97
ISK15,438
$86.11
€83.85
Regular dress
from H&M or similar store
$49.72
ISK7,044
$38.32
€37.32
Running shoes
Nike or Adidas
$151.85
ISK21,513
$93.75
€91.29

Improve prices ·
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: January 2025
Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. Greece. This provides a comparison of the average cost of living from cities within Iceland and Greece.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Athens or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.