Cost of living comparison
compared to
Milan vs. Reykjavik Cost of Living Summary
Milan is 27.2% cheaper than Reykjavik.
Milan vs. Reykjavik Cost Breakdown
If you lived in Milan instead of Reykjavik, you would:
pay 34.9% less for restaurants
|
Reykjavik
|
Milan
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$31.06
ISK3,763
|
$22.39
€19.93
|
|
|
Fast food combo meal
McDonalds, or similar
|
$26.97
ISK3,268
|
$13.44
€11.96
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.31
ISK402
|
$3.72
€3.31
|
|
| Bottle of water (11 fl. oz) |
$3.11
ISK376
|
$1.88
€1.67
|
|
Reykjavik vs. Milan - Cost of restaurants
pay 18.2% less for groceries
|
Reykjavik
|
Milan
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.19
ISK508
|
$3.24
€2.89
|
|
| Local cheese (8 oz) |
$10.93
ISK1,324
|
$11.46
€10.20
|
|
| Milk (1 gallon) |
$7.78
ISK942
|
$6.59
€5.87
|
|
|
Eggs
1 dozen
|
$7.08
ISK858
|
$4.95
€4.40
|
|
| Boneless chicken breast (1 lb) |
$11.00
ISK1,333
|
$6.58
€5.85
|
|
| Apples (1 lb) |
$1.50
ISK182
|
$1.38
€1.23
|
|
| Bananas (1 lb) |
$1.27
ISK154
|
$1.08
€0.96
|
|
| Oranges (1 lb) |
$1.46
ISK177
|
$1.50
€1.34
|
|
| Tomatoes (1 lb) |
$2.93
ISK355
|
$1.94
€1.72
|
|
| Potatoes (1 lb) |
$1.78
ISK215
|
$1.06
€0.94
|
|
| Onions (1 lb) |
$0.76
ISK92
|
$0.91
€0.81
|
|
Reykjavik vs. Milan - Cost of groceries
pay 24.9% less for transportation
|
Reykjavik
|
Milan
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.76
ISK941
|
$8.20
€7.30
|
|
| Monthly public transit pass |
$94.80
ISK11,488
|
$43.67
€38.87
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$50,588.43
ISK6M
|
$36,317.50
€32,323.89
|
|
| Taxi trip in downtown area (5 miles) |
$29.26
ISK3,545
|
$25.75
€22.92
|
|
Reykjavik vs. Milan - Cost of transportation
pay 25.0% less for housing
|
Reykjavik
|
Milan
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$86.01
ISK10,422
|
$29.52
€26.27
|
|
| 1-Bedroom apartment in downtown area |
$2,522.88
ISK306K
|
$1,710.14
€1,522.09
|
|
| 1-Bedroom apartment outside city center |
$2,032.25
ISK246K
|
$1,162.13
€1,034.33
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$73.44
ISK8,899
|
$193.32
€172.06
|
|
Reykjavik vs. Milan - Cost of housing
pay 27.9% less for childcare
|
Reykjavik
|
Milan
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,185.23
ISK144K
|
$847.27
€754.10
|
|
| Middle school for 1 child, two semesters |
$25,853.51
ISK3M
|
$18,804.09
€16,736.32
|
|
Reykjavik vs. Milan - Cost of childcare
pay 45.3% less for entertainment and sports
|
Reykjavik
|
Milan
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$13.89
ISK1,684
|
$6.72
€5.98
|
|
| Cappuccino in mid-range area |
$6.74
ISK817
|
$2.10
€1.87
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.89
ISK1,684
|
$7.28
€6.48
|
|
| Monthly membership at local gym |
$100.25
ISK12,148
|
$83.93
€74.70
|
|
| Movie ticket to theater/cinema |
$19.57
ISK2,372
|
$12.32
€10.96
|
|
Reykjavik vs. Milan - Cost of entertainment and sports
pay 31.4% less for clothing
|
Reykjavik
|
Milan
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$149.01
ISK18,058
|
$101.48
€90.32
|
|
|
Regular dress
from H&M or similar store
|
$65.79
ISK7,972
|
$50.31
€44.78
|
|
|
Running shoes
Nike or Adidas
|
$181.84
ISK22,035
|
$116.19
€103.41
|
|
| Men's business shoes (leather) |
$248.81
ISK30,151
|
$165.48
€147.28
|
|
Reykjavik vs. Milan - Cost of clothing
We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this
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Compare further: Reykjavik vs. Milan
Compare countries by overall cost of living
See the
cost of living in Iceland vs. Italy.
This provides a comparison of the average cost of living from cities within Iceland and Italy.
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