Cost of living comparison

compared to

Daejeon vs. Reykjavik Cost of Living Summary

Daejeon is 40.7% cheaper than Reykjavik.

Restaurants: pay 70.6% less in Daejeon
Groceries: pay 2.5% more in Daejeon
Transportation: pay 64.8% less in Daejeon
Housing: pay 34.1% less in Daejeon
Childcare: pay 3.5% less in Daejeon
Entertainment and Sports: pay 59.9% less in Daejeon
Clothing: pay 54.4% less in Daejeon

Expenses including restaurants, transportation, entertainment and sports, clothing, housing, and childcare are lower in Daejeon.

Daejeon vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 70.6% less for restaurants

	Reykjavik	Daejeon
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,372	$6.72 ₩9,839	-75.5%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,793	$5.17 ₩7,561	-77.3%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK409	$1.39 ₩2,030	-58.4%
Bottle of water (11 fl. oz)	$2.70 ISK331	$0.78 ₩1,139	-71.1%
Average			-70.6%

Reykjavik vs. Daejeon - Cost of restaurants

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pay 2.5% more for groceries

	Reykjavik	Daejeon
Bread 1 loaf	$4.63 ISK569	$2.56 ₩3,754	-44.7%
Local cheese (8 oz)	$9.44 ISK1,158	$5.09 ₩7,457	-46.0%
Milk (1 gallon)	$7.63 ISK936	$7.66 ₩11,213	+0.4%
Eggs 1 dozen	$6.50 ISK798	$2.51 ₩3,671	-61.4%
Boneless chicken breast (1 lb)	$11.29 ISK1,386	$3.45 ₩5,050	-69.4%
Apples (1 lb)	$1.59 ISK195	$3.69 ₩5,403	+132.1%
Bananas (1 lb)	$1.17 ISK143	$1.44 ₩2,114	+23.5%
Oranges (1 lb)	$1.49 ISK183	$2.46 ₩3,602	+65.3%
Tomatoes (1 lb)	$2.54 ISK311	$2.30 ₩3,364	-9.4%
Potatoes (1 lb)	$1.70 ISK208	$2.25 ₩3,289	+32.4%
Onions (1 lb)	$1.13 ISK139	$1.19 ₩1,738	+5.1%
Average			+2.5%

Reykjavik vs. Daejeon - Cost of groceries

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pay 64.8% less for transportation

	Reykjavik	Daejeon
Gasoline (1 gallon)	$9.66 ISK1,185	$4.34 ₩6,358	-55.0%
Monthly public transit pass	$88.58 ISK10,870	$10.61 ₩15,536	-88.0%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6M	$26,696.92 ₩39M	-47.4%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,444	$8.70 ₩12,739	-69.0%
Average			-64.8%

Reykjavik vs. Daejeon - Cost of transportation

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pay 34.1% less for housing

	Reykjavik	Daejeon
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,058	$23.59 ₩34,524	-71.2%
1-Bedroom apartment in downtown area	$2,259.48 ISK277K	$353.78 ₩518K	-84.3%
1-Bedroom apartment outside city center	$2,034.90 ISK250K	$301.89 ₩442K	-85.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,470	$124.45 ₩182K	+104.4%
Average			-34.1%

Reykjavik vs. Daejeon - Cost of housing

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pay 3.5% less for childcare

	Reykjavik	Daejeon
Private preschool for 1 child, monthly	$327.78 ISK40,222	$273.59 ₩400K	-16.5%
Middle school for 1 child, two semesters	$30,711.08 ISK4M	$33,609.06 ₩49M	+9.4%
Average			-3.5%

Reykjavik vs. Daejeon - Cost of childcare

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pay 59.9% less for entertainment and sports

	Reykjavik	Daejeon
Domestic/local beer (1 pint)	$13.12 ISK1,610	$3.18 ₩4,661	-75.7%
Cappuccino in mid-range area	$6.17 ISK758	$3.60 ₩5,265	-41.7%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,710	$3.18 ₩4,661	-77.2%
Monthly membership at local gym	$87.35 ISK10,719	$29.01 ₩42,465	-66.8%
Movie ticket to theater/cinema	$17.18 ISK2,109	$10.61 ₩15,536	-38.2%
Average			-59.9%

Reykjavik vs. Daejeon - Cost of entertainment and sports

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pay 54.4% less for clothing

	Reykjavik	Daejeon
Regular jeans Levi's brand	$145.10 ISK17,805	$60.85 ₩89,072	-58.1%
Regular dress from H&M or similar store	$63.97 ISK7,850	$38.92 ₩56,965	-39.2%
Running shoes Nike or Adidas	$193.43 ISK23,736	$76.06 ₩111K	-60.7%
Men's business shoes (leather)	$248.79 ISK30,529	$100.83 ₩148K	-59.5%
Average			-54.4%

Reykjavik vs. Daejeon - 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: February 2026

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