Cost of living comparison

compared to

Nizhny Novgorod vs. Reykjavik Cost of Living Summary

Nizhny Novgorod is 58.4% cheaper than Reykjavik.

Restaurants: pay 69.1% less in Nizhny Novgorod
Groceries: pay 62.6% less in Nizhny Novgorod
Transportation: pay 65.7% less in Nizhny Novgorod
Housing: pay 53.8% less in Nizhny Novgorod
Childcare: pay 44.5% less in Nizhny Novgorod
Entertainment and Sports: pay 73.5% less in Nizhny Novgorod
Clothing: pay 39.6% less in Nizhny Novgorod

Expenses including entertainment and sports, restaurants, transportation, groceries, housing, and childcare are lower in Nizhny Novgorod.

Nizhny Novgorod vs. Reykjavik Cost Breakdown

If you lived in Nizhny Novgorod instead of Reykjavik, you would:

Display currency: USD

pay 69.1% less for restaurants

	Reykjavik	Nizhny Novgorod
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$11.91 RUB909.72	-56.6%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$5.66 RUB432.12	-75.1%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$1.30 RUB99.24	-61.0%
Bottle of water (11 fl. oz)	$2.70 ISK345	$0.44 RUB33.49	-83.7%
Average			-69.1%

Reykjavik vs. Nizhny Novgorod - Cost of restaurants

Improve prices · Change currency (USD)

pay 62.6% less for groceries

	Reykjavik	Nizhny Novgorod
Bread 1 loaf	$4.63 ISK593	$0.59 RUB44.72	-87.4%
Local cheese (8 oz)	$9.44 ISK1,208	$5.00 RUB382.08	-47.0%
Milk (1 gallon)	$7.63 ISK976	$3.81 RUB291.08	-50.0%
Eggs 1 dozen	$6.50 ISK832	$1.44 RUB109.99	-77.9%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$2.26 RUB172.56	-80.0%
Apples (1 lb)	$1.59 ISK204	$0.73 RUB55.84	-54.0%
Bananas (1 lb)	$1.17 ISK150	$0.72 RUB54.79	-38.7%
Oranges (1 lb)	$1.49 ISK190	$0.84 RUB64.13	-43.6%
Tomatoes (1 lb)	$2.54 ISK325	$1.19 RUB90.99	-53.0%
Potatoes (1 lb)	$1.70 ISK217	$0.30 RUB22.87	-82.4%
Onions (1 lb)	$1.13 ISK145	$0.29 RUB21.80	-74.7%
Average			-62.6%

Reykjavik vs. Nizhny Novgorod - Cost of groceries

Improve prices · Change currency (USD)

pay 65.7% less for transportation

	Reykjavik	Nizhny Novgorod
Gasoline (1 gallon)	$9.66 ISK1,236	$2.72 RUB207.70	-71.8%
Monthly public transit pass	$88.58 ISK11,337	$15.19 RUB1,159.89	-82.9%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$35,737.37 RUB2,729,161.03	-29.6%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$6.08 RUB463.96	-78.4%
Average			-65.7%

Reykjavik vs. Nizhny Novgorod - Cost of transportation

Improve prices · Change currency (USD)

pay 53.8% less for housing

	Reykjavik	Nizhny Novgorod
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$7.03 RUB536.74	-91.4%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$536.06 RUB40,937.42	-76.3%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$348.21 RUB26,591.83	-82.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$82.37 RUB6,290.24	+35.3%
Average			-53.8%

Reykjavik vs. Nizhny Novgorod - Cost of housing

Improve prices · Change currency (USD)

pay 44.5% less for childcare

	Reykjavik	Nizhny Novgorod
Private preschool for 1 child, monthly	$327.78 ISK41,949	$324.91 RUB24,812.09	-0.9%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$3,692.86 RUB282,013.31	-88.0%
Average			-44.5%

Reykjavik vs. Nizhny Novgorod - Cost of childcare

Improve prices · Change currency (USD)

pay 73.5% less for entertainment and sports

	Reykjavik	Nizhny Novgorod
Domestic/local beer (1 pint)	$13.12 ISK1,680	$0.98 RUB75.05	-92.5%
Cappuccino in mid-range area	$6.17 ISK790	$2.43 RUB185.73	-60.6%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$2.62 RUB200.14	-81.2%
Monthly membership at local gym	$87.35 ISK11,179	$28.16 RUB2,150.25	-67.8%
Movie ticket to theater/cinema	$17.18 ISK2,199	$5.96 RUB454.86	-65.3%
Average			-73.5%

Reykjavik vs. Nizhny Novgorod - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 39.6% less for clothing

	Reykjavik	Nizhny Novgorod
Regular jeans Levi's brand	$145.10 ISK18,569	$74.45 RUB5,685.75	-48.7%
Regular dress from H&M or similar store	$63.97 ISK8,187	$50.63 RUB3,866.31	-20.9%
Running shoes Nike or Adidas	$193.43 ISK24,755	$125.08 RUB9,552.06	-35.3%
Men's business shoes (leather)	$248.79 ISK31,840	$115.15 RUB8,793.96	-53.7%
Average			-39.6%

Reykjavik vs. Nizhny Novgorod - Cost of clothing

Improve prices · Change currency (USD)

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: December 2025

More cost comparisons

Reykjavik vs.

Berlin

Reykjavik vs.

Bangkok

Reykjavik vs.

Dodoma

Reykjavik vs.

Delhi

Reykjavik vs.

Phnom Penh

Reykjavik vs.

Mexico City

Reykjavik vs.

Kiev

Reykjavik vs.

Warsaw

Share this

Compare countries by overall cost of living

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

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

Add prices for Reykjavik

Add prices for Nizhny Novgorod

ASK THE ELSEWHERE COMMUNITY

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