Cost of living comparison

compared to
Baghdad vs. Reykjavik Cost of Living Summary
Baghdad vs. Reykjavik Cost Breakdown

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

pay 77.3% less for restaurants

 
Reykjavik
Baghdad
Basic meal with drink at inexpensive restaurant $20.00
ISK2,493
$5.31
IQD6,959
Fast food combo meal
McDonalds, or similar
$18.02
ISK2,246
$7.59
IQD9,941
Bottle of Coca-Cola (11 fl. oz) $3.15
ISK393
$0.42
IQD552

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pay 65.3% less for groceries

 
Reykjavik
Baghdad
Bread
1 loaf
$3.61
ISK450
$0.88
IQD1,148
Local cheese (8 oz) $7.76
ISK967
$2.38
IQD3,116
Milk (1 gallon) $6.40
ISK798
$5.13
IQD6,718

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pay 59.9% less for transportation

 
Reykjavik
Baghdad
Gasoline (1 gallon) $8.50
ISK1,060
$1.78
IQD2,337
Monthly public transit pass $74.95
ISK9,343
$22.77
IQD29,824
New Volkswagen Golf 1.4 (standard edition) $42,450.45
ISK5,291,449
$18,213.31
IQD23,859,432

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pay 25.7% less for housing

 
Reykjavik
Baghdad
Internet connection
50 mbps or faster, cable/dsl
$69.87
ISK8,709
$35.21
IQD46,126
1-Bedroom apartment in downtown area $1,971.17
ISK245,706
$443.62
IQD581,148
1-Bedroom apartment outside city center $1,803.44
ISK224,799
$264.28
IQD346,204

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pay 39.1% less for childcare

 
Reykjavik
Baghdad
Private preschool for 1 child, monthly $252.14
ISK31,429
$162.43
IQD212,780
Middle school for 1 child, two semesters $5,993.99
ISK747,151
$3,438.23
IQD4,504,076

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pay 62.4% less for entertainment and sports

 
Reykjavik
Baghdad
Domestic/local beer (1 pint) $10.81
ISK1,348
$2.28
IQD2,982
Cappuccino in mid-range area $5.31
ISK661
$2.89
IQD3,790
Pack of cigarettes
Marlboro or similar
$12.25
ISK1,526
$2.28
IQD2,982

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pay 60.9% less for clothing

 
Reykjavik
Baghdad
Regular jeans
Levi's brand
$108.97
ISK13,583
$28.72
IQD37,628
Regular dress
from H&M or similar store
$49.72
ISK6,198
$34.03
IQD44,581
Running shoes
Nike or Adidas
$151.85
ISK18,929
$61.01
IQD79,920

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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: June 2025
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See the cost of living in Iceland vs. Iraq. This provides a comparison of the average cost of living from cities within Iceland and Iraq.

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