Cost of living comparison

compared to

Montevideo vs. Reykjavik Cost of Living Summary

Montevideo is 16.9% cheaper than Reykjavik.

Restaurants: pay 36.2% less in Montevideo
Groceries: pay 27.1% less in Montevideo
Transportation: pay 10.9% less in Montevideo
Housing: pay 25.1% less in Montevideo
Childcare: pay 45.0% more in Montevideo
Entertainment and Sports: pay 40.9% less in Montevideo
Clothing: pay 23.4% less in Montevideo

Expenses including entertainment and sports, restaurants, groceries, housing, clothing, and transportation are lower in Montevideo.

Montevideo vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 36.2% less for restaurants

	Reykjavik	Montevideo
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,664	$14.37 UYU606.58	-28.1%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,400	$9.64 UYU406.91	-46.5%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK420	$1.93 UYU81.43	-38.8%
Bottle of water (11 fl. oz)	$2.19 ISK291	$1.50 UYU63.38	-31.3%
Average			-36.2%

Reykjavik vs. Montevideo - Cost of restaurants

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pay 27.1% less for groceries

	Reykjavik	Montevideo
Bread 1 loaf	$3.61 ISK481	$2.66 UYU112.31	-26.3%
Local cheese (8 oz)	$7.76 ISK1,033	$6.01 UYU253.64	-22.5%
Milk (1 gallon)	$6.40 ISK853	$4.25 UYU179.16	-33.7%
Eggs 1 dozen	$5.76 ISK767	$4.43 UYU187.11	-23.0%
Boneless chicken breast (1 lb)	$9.45 ISK1,258	$4.29 UYU181.12	-54.6%
Apples (1 lb)	$1.40 ISK187	$1.24 UYU52.50	-11.3%
Bananas (1 lb)	$1.01 ISK134	$1.01 UYU42.50	-0.2%
Oranges (1 lb)	$1.22 ISK162	$0.64 UYU27.00	-47.4%
Tomatoes (1 lb)	$2.22 ISK296	$1.66 UYU70.06	-25.4%
Potatoes (1 lb)	$1.43 ISK191	$0.84 UYU35.29	-41.7%
Onions (1 lb)	$0.93 ISK124	$0.82 UYU34.63	-12.1%
Average			-27.1%

Reykjavik vs. Montevideo - Cost of groceries

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pay 10.9% less for transportation

	Reykjavik	Montevideo
Gasoline (1 gallon)	$8.50 ISK1,132	$6.92 UYU291.94	-18.6%
Monthly public transit pass	$74.95 ISK9,984	$47.91 UYU2,021.93	-36.1%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,654,400	$35,934.74 UYU1,516,445.21	-15.3%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,204	$30.38 UYU1,281.90	+26.3%
Average			-10.9%

Reykjavik vs. Montevideo - Cost of transportation

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pay 25.1% less for housing

	Reykjavik	Montevideo
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,306	$43.60 UYU1,839.76	-37.6%
1-Bedroom apartment in downtown area	$1,971.17 ISK262,560	$578.38 UYU24,407.55	-70.7%
1-Bedroom apartment outside city center	$1,803.44 ISK240,218	$419.05 UYU17,684.06	-76.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,187	$99.70 UYU4,207.19	+84.8%
Average			-25.1%

Reykjavik vs. Montevideo - Cost of housing

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pay 45.0% more for childcare

	Reykjavik	Montevideo
Private preschool for 1 child, monthly	$252.14 ISK33,585	$386.12 UYU16,294.40	+53.1%
Middle school for 1 child, two semesters	$5,993.99 ISK798,400	$8,206.60 UYU346,318.28	+36.9%
Average			+45.0%

Reykjavik vs. Montevideo - Cost of childcare

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pay 40.9% less for entertainment and sports

	Reykjavik	Montevideo
Domestic/local beer (1 pint)	$10.81 ISK1,440	$3.42 UYU144.18	-68.4%
Cappuccino in mid-range area	$5.31 ISK707	$3.79 UYU159.77	-28.6%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,631	$5.03 UYU212.30	-58.9%
Monthly membership at local gym	$69.95 ISK9,317	$58.44 UYU2,466.15	-16.5%
Movie ticket to theater/cinema	$14.77 ISK1,968	$10.06 UYU424.60	-31.9%
Average			-40.9%

Reykjavik vs. Montevideo - Cost of entertainment and sports

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pay 23.4% less for clothing

	Reykjavik	Montevideo
Regular jeans Levi's brand	$108.97 ISK14,515	$93.83 UYU3,959.42	-13.9%
Regular dress from H&M or similar store	$49.72 ISK6,623	$44.64 UYU1,883.63	-10.2%
Running shoes Nike or Adidas	$151.85 ISK20,227	$109.94 UYU4,639.36	-27.6%
Men's business shoes (leather)	$194.16 ISK25,862	$113.02 UYU4,769.23	-41.8%
Average			-23.4%

Reykjavik vs. Montevideo - 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: March 2025

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