Cost of living comparison

compared to

Banska Bystrica vs. Reykjavik Cost of Living Summary

Banska Bystrica is 43.0% cheaper than Reykjavik.

Restaurants: pay 54.1% less in Banska Bystrica
Groceries: pay 47.8% less in Banska Bystrica
Transportation: pay 48.2% less in Banska Bystrica
Housing: pay 11.3% less in Banska Bystrica
Childcare: pay 31.9% less in Banska Bystrica
Entertainment and Sports: pay 58.5% less in Banska Bystrica
Clothing: pay 49.5% less in Banska Bystrica

Expenses including entertainment and sports, restaurants, clothing, transportation, groceries, and childcare are lower in Banska Bystrica.

Banska Bystrica vs. Reykjavik Cost Breakdown

If you lived in Banska Bystrica instead of Reykjavik, you would:

Display currency: USD

pay 54.1% less for restaurants

	Reykjavik	Banska Bystrica
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,452	$9.34 €7.98	-66.0%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,859	$8.18 €6.98	-64.1%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK419	$2.17 €1.85	-34.9%
Bottle of water (11 fl. oz)	$2.70 ISK339	$1.30 €1.11	-51.6%
Average			-54.1%

Reykjavik vs. Banska Bystrica - Cost of restaurants

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pay 47.8% less for groceries

	Reykjavik	Banska Bystrica
Bread 1 loaf	$4.63 ISK582	$1.01 €0.86	-78.2%
Local cheese (8 oz)	$9.44 ISK1,186	$5.84 €4.99	-38.1%
Milk (1 gallon)	$7.63 ISK959	$3.98 €3.40	-47.8%
Eggs 1 dozen	$6.50 ISK817	$3.95 €3.37	-39.3%
Boneless chicken breast (1 lb)	$11.29 ISK1,419	$3.18 €2.71	-71.9%
Apples (1 lb)	$1.59 ISK200	$0.89 €0.76	-43.9%
Bananas (1 lb)	$1.17 ISK147	$0.84 €0.72	-28.3%
Oranges (1 lb)	$1.49 ISK187	$0.97 €0.83	-35.0%
Tomatoes (1 lb)	$2.54 ISK319	$1.93 €1.65	-23.8%
Potatoes (1 lb)	$1.70 ISK213	$0.57 €0.48	-66.6%
Onions (1 lb)	$1.13 ISK142	$0.53 €0.45	-53.1%
Average			-47.8%

Reykjavik vs. Banska Bystrica - Cost of groceries

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pay 48.2% less for transportation

	Reykjavik	Banska Bystrica
Gasoline (1 gallon)	$9.66 ISK1,214	$6.76 €5.78	-30.0%
Monthly public transit pass	$88.58 ISK11,129	$23.36 €19.95	-73.6%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,378,360	$25,695.77 €21,940.64	-49.4%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,526	$16.94 €14.46	-39.7%
Average			-48.2%

Reykjavik vs. Banska Bystrica - Cost of transportation

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pay 11.3% less for housing

	Reykjavik	Banska Bystrica
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,298	$16.94 €14.46	-79.3%
1-Bedroom apartment in downtown area	$2,259.48 ISK283,859	$642.39 €548.52	-71.6%
1-Bedroom apartment outside city center	$2,034.90 ISK255,645	$506.13 €432.16	-75.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,648	$171.01 €146.02	+180.9%
Average			-11.3%

Reykjavik vs. Banska Bystrica - Cost of housing

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pay 31.9% less for childcare

	Reykjavik	Banska Bystrica
Private preschool for 1 child, monthly	$327.78 ISK41,179	$346.50 €295.87	+5.7%
Middle school for 1 child, two semesters	$30,711.08 ISK3,858,233	$9,343.92 €7,978.42	-69.6%
Average			-31.9%

Reykjavik vs. Banska Bystrica - Cost of childcare

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pay 58.5% less for entertainment and sports

	Reykjavik	Banska Bystrica
Domestic/local beer (1 pint)	$13.12 ISK1,649	$2.10 €1.80	-84.0%
Cappuccino in mid-range area	$6.17 ISK776	$2.70 €2.31	-56.2%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,751	$5.55 €4.74	-60.2%
Monthly membership at local gym	$87.35 ISK10,974	$52.56 €44.88	-39.8%
Movie ticket to theater/cinema	$17.18 ISK2,159	$8.18 €6.98	-52.4%
Average			-58.5%

Reykjavik vs. Banska Bystrica - Cost of entertainment and sports

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pay 49.5% less for clothing

	Reykjavik	Banska Bystrica
Regular jeans Levi's brand	$145.10 ISK18,228	$75.92 €64.82	-47.7%
Regular dress from H&M or similar store	$63.97 ISK8,036	$43.80 €37.40	-31.5%
Running shoes Nike or Adidas	$193.43 ISK24,301	$93.44 €79.78	-51.7%
Men's business shoes (leather)	$248.79 ISK31,256	$81.76 €69.81	-67.1%
Average			-49.5%

Reykjavik vs. Banska Bystrica - 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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