Cost of living comparison

compared to

Nagoya vs. Reykjavik Cost of Living Summary

Nagoya vs. Reykjavik Cost Breakdown

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

pay 72.5% less for restaurants

 
Reykjavik
Nagoya
Basic meal with drink at inexpensive restaurant $27.48
ISK3,415
$6.68
¥1,064
Fast food combo meal
McDonalds, or similar
$22.76
ISK2,828
$5.35
¥851
Bottle of Coca-Cola (11 fl. oz) $3.34
ISK414
$1.14
¥181

Improve prices ·

pay 16.0% less for groceries

 
Reykjavik
Nagoya
Bread
1 loaf
$4.63
ISK576
$1.46
¥232
Local cheese (8 oz) $9.44
ISK1,173
$4.86
¥774
Milk (1 gallon) $7.63
ISK948
$6.11
¥973

Improve prices ·

pay 40.2% less for transportation

 
Reykjavik
Nagoya
Gasoline (1 gallon) $9.66
ISK1,200
$4.43
¥706
Monthly public transit pass $88.58
ISK11,008
$53.46
¥8,513
New Volkswagen Golf 1.4 (standard edition) $50,771.00
ISK6M
$22,332.63
¥4M

Improve prices ·

pay 35.5% less for housing

 
Reykjavik
Nagoya
Internet connection
50 mbps or faster, cable/dsl
$81.97
ISK10,186
$32.74
¥5,214
1-Bedroom apartment in downtown area $2,259.48
ISK281K
$573.57
¥91,333
1-Bedroom apartment outside city center $2,034.90
ISK253K
$395.38
¥62,958

Improve prices ·

pay 11.8% less for childcare

 
Reykjavik
Nagoya
Private preschool for 1 child, monthly $327.78
ISK40,733
$461.83
¥73,540
Middle school for 1 child, two semesters $30,711.08
ISK4M
$10,914.61
¥2M

Improve prices ·

pay 56.8% less for entertainment and sports

 
Reykjavik
Nagoya
Domestic/local beer (1 pint) $13.12
ISK1,631
$2.00
¥319
Cappuccino in mid-range area $6.17
ISK767
$2.79
¥445
Pack of cigarettes
Marlboro or similar
$13.94
ISK1,732
$3.34
¥532

Improve prices ·

pay 64.9% less for clothing

 
Reykjavik
Nagoya
Regular jeans
Levi's brand
$145.10
ISK18,031
$44.33
¥7,058
Regular dress
from H&M or similar store
$63.97
ISK7,949
$30.91
¥4,921
Running shoes
Nike or Adidas
$193.43
ISK24,037
$50.12
¥7,981

Improve prices ·
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 2026
Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. Japan. This provides a comparison of the average cost of living from cities within Iceland and Japan.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Nagoya or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.