Cost of living comparison
Italy is 12.4% cheaper than Reykjavik.
If you lived in Italy instead of Reykjavik, you would:
pay 30.8% less for restaurants
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,987
|
$15.81
€14.29
|
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,390
|
$10.17
€9.20
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK402
|
$2.51
€2.27
|
|
| Bottle of water (11 fl. oz) |
$2.07
ISK287
|
$1.21
€1.09
|
|
pay 30.9% less for groceries
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.68
ISK510
|
$2.05
€1.86
|
|
| Local cheese (8 oz) |
$7.66
ISK1,060
|
$6.81
€6.16
|
|
| Milk (1 gallon) |
$6.16
ISK853
|
$5.59
€5.05
|
|
|
Eggs
1 dozen
|
$5.91
ISK818
|
$3.41
€3.08
|
|
| Boneless chicken breast (1 lb) |
$8.87
ISK1,228
|
$5.01
€4.53
|
|
| Apples (1 lb) |
$1.53
ISK211
|
$0.96
€0.86
|
|
| Bananas (1 lb) |
$0.97
ISK134
|
$0.86
€0.78
|
|
| Oranges (1 lb) |
$1.26
ISK174
|
$1.00
€0.91
|
|
| Tomatoes (1 lb) |
$2.23
ISK308
|
$1.28
€1.16
|
|
| Potatoes (1 lb) |
$1.42
ISK196
|
$0.76
€0.69
|
|
| Onions (1 lb) |
$1.01
ISK140
|
$0.70
€0.63
|
|
pay 27.2% less for transportation
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.57
ISK1,187
|
$7.33
€6.63
|
|
| Monthly public transit pass |
$66.92
ISK9,261
|
$38.24
€34.57
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,765,837
|
$26,985.59
€24,398.16
|
|
| Taxi trip in downtown area (5 miles) |
$23.30
ISK3,224
|
$19.55
€17.68
|
|
pay 11.0% less for housing
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,473
|
$29.86
€27.00
|
|
| 1-Bedroom apartment in downtown area |
$1,864.13
ISK257,996
|
$660.64
€597.29
|
|
| 1-Bedroom apartment outside city center |
$1,666.20
ISK230,602
|
$504.89
€456.48
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,918
|
$158.99
€143.74
|
|
pay 88.3% more for childcare
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$240.37
ISK33,267
|
$519.28
€469.49
|
|
| Middle school for 1 child, two semesters |
$5,984.07
ISK828,196
|
$9,615.09
€8,693.17
|
|
pay 44.6% less for entertainment and sports
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.79
ISK1,494
|
$4.97
€4.49
|
|
| Cappuccino in mid-range area |
$5.09
ISK704
|
$1.67
€1.51
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,643
|
$6.16
€5.57
|
|
| Monthly membership at local gym |
$65.50
ISK9,066
|
$52.41
€47.39
|
|
| Movie ticket to theater/cinema |
$14.39
ISK1,992
|
$9.51
€8.60
|
|
pay 30.6% less for clothing
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$103.94
ISK14,385
|
$76.74
€69.38
|
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK6,020
|
$34.05
€30.78
|
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,580
|
$84.06
€76.00
|
|
| Men's business shoes (leather) |
$174.65
ISK24,172
|
$115.51
€104.43
|
|
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