Cost of living comparison

compared to

Novi Sad vs. Reykjavik Cost of Living Summary

Novi Sad is 41.5% cheaper than Reykjavik.

Restaurants: pay 45.3% less in Novi Sad
Groceries: pay 54.8% less in Novi Sad
Transportation: pay 51.8% less in Novi Sad
Housing: pay 6.2% less in Novi Sad
Childcare: pay 34.3% less in Novi Sad
Entertainment and Sports: pay 64.9% less in Novi Sad
Clothing: pay 33.2% less in Novi Sad

Expenses including entertainment and sports, groceries, transportation, restaurants, childcare, and clothing are lower in Novi Sad.

Novi Sad vs. Reykjavik Cost Breakdown

If you lived in Novi Sad instead of Reykjavik, you would:

Display currency: USD

pay 45.3% less for restaurants

	Reykjavik	Novi Sad
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,372	$9.97 RSD990	-63.7%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,793	$11.96 RSD1,188	-47.4%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK409	$2.16 RSD214	-35.4%
Bottle of water (11 fl. oz)	$2.70 ISK331	$1.76 RSD175	-34.8%
Average			-45.3%

Reykjavik vs. Novi Sad - Cost of restaurants

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pay 54.8% less for groceries

	Reykjavik	Novi Sad
Bread 1 loaf	$4.63 ISK569	$1.02 RSD101	-78.0%
Local cheese (8 oz)	$9.44 ISK1,158	$6.00 RSD596	-36.4%
Milk (1 gallon)	$7.63 ISK936	$5.74 RSD570	-24.8%
Eggs 1 dozen	$6.50 ISK798	$2.60 RSD258	-60.0%
Boneless chicken breast (1 lb)	$11.29 ISK1,386	$3.19 RSD316	-71.8%
Apples (1 lb)	$1.59 ISK195	$0.62 RSD61	-61.1%
Bananas (1 lb)	$1.17 ISK143	$0.88 RSD88	-24.5%
Oranges (1 lb)	$1.49 ISK183	$0.74 RSD74	-50.2%
Tomatoes (1 lb)	$2.54 ISK311	$1.16 RSD115	-54.3%
Potatoes (1 lb)	$1.70 ISK208	$0.44 RSD43	-74.4%
Onions (1 lb)	$1.13 ISK139	$0.37 RSD37	-67.3%
Average			-54.8%

Reykjavik vs. Novi Sad - Cost of groceries

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pay 51.8% less for transportation

	Reykjavik	Novi Sad
Gasoline (1 gallon)	$9.66 ISK1,185	$7.12 RSD707	-26.3%
Monthly public transit pass	$88.58 ISK10,870	$25.15 RSD2,498	-71.6%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6M	$30,957.41 RSD3M	-39.0%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,444	$8.37 RSD832	-70.2%
Average			-51.8%

Reykjavik vs. Novi Sad - Cost of transportation

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pay 6.2% less for housing

	Reykjavik	Novi Sad
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,058	$33.12 RSD3,290	-59.6%
1-Bedroom apartment in downtown area	$2,259.48 ISK277K	$578.51 RSD57,466	-74.4%
1-Bedroom apartment outside city center	$2,034.90 ISK250K	$462.82 RSD45,974	-77.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,470	$174.48 RSD17,332	+186.6%
Average			-6.2%

Reykjavik vs. Novi Sad - Cost of housing

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pay 34.3% less for childcare

	Reykjavik	Novi Sad
Private preschool for 1 child, monthly	$327.78 ISK40,222	$351.90 RSD34,956	+7.4%
Middle school for 1 child, two semesters	$30,711.08 ISK4M	$7,340.31 RSD729K	-76.1%
Average			-34.3%

Reykjavik vs. Novi Sad - Cost of childcare

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pay 64.9% less for entertainment and sports

	Reykjavik	Novi Sad
Domestic/local beer (1 pint)	$13.12 ISK1,610	$2.99 RSD297	-77.2%
Cappuccino in mid-range area	$6.17 ISK758	$2.43 RSD242	-60.6%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,710	$4.49 RSD446	-67.8%
Monthly membership at local gym	$87.35 ISK10,719	$36.63 RSD3,639	-58.1%
Movie ticket to theater/cinema	$17.18 ISK2,109	$6.73 RSD668	-60.8%
Average			-64.9%

Reykjavik vs. Novi Sad - Cost of entertainment and sports

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pay 33.2% less for clothing

	Reykjavik	Novi Sad
Regular jeans Levi's brand	$145.10 ISK17,805	$104.99 RSD10,429	-27.6%
Regular dress from H&M or similar store	$63.97 ISK7,850	$46.91 RSD4,660	-26.7%
Running shoes Nike or Adidas	$193.43 ISK23,736	$128.91 RSD12,805	-33.4%
Men's business shoes (leather)	$248.79 ISK30,529	$136.17 RSD13,526	-45.3%
Average			-33.2%

Reykjavik vs. Novi Sad - 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: February 2026

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