Cost of living comparison

Iceland

compared to

Serbia

Novi Sad vs. Reykjavik Cost of Living Summary

Novi Sad is 61.7% cheaper than Reykjavik.

Restaurants: pay 58.5% less in Novi Sad
Groceries: pay 57.6% less in Novi Sad
Transportation: pay 47.0% less in Novi Sad
Housing: pay 70.7% less in Novi Sad
Childcare: pay 69.9% less in Novi Sad
Entertainment and Sports: pay 66.9% less in Novi Sad
Clothing: pay 32.8% less in Novi Sad

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

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Novi Sad vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 58.5% less for restaurants

	Reykjavik	Novi Sad
Basic meal with drink at inexpensive restaurant	$31.06 ISK3,784	$10.01 RSD1,054	-67.8%
Fast food combo meal McDonalds, or similar	$26.97 ISK3,286	$11.92 RSD1,255	-55.8%
Bottle of Coca-Cola (11 fl. oz)	$3.31 ISK404	$2.38 RSD251	-28.1%
Bottle of water (11 fl. oz)	$3.11 ISK378	$1.87 RSD197	-39.8%
Average			-58.5%

Reykjavik vs. Novi Sad - Cost of restaurants

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pay 57.6% less for groceries

	Reykjavik	Novi Sad
Bread 1 loaf	$4.19 ISK511	$0.98 RSD103	-76.7%
Local cheese (8 oz)	$10.93 ISK1,332	$6.67 RSD702	-38.9%
Milk (1 gallon)	$7.78 ISK947	$5.36 RSD564	-31.1%
Eggs 1 dozen	$7.08 ISK862	$2.61 RSD275	-63.2%
Boneless chicken breast (1 lb)	$11.00 ISK1,340	$3.33 RSD350	-69.8%
Apples (1 lb)	$1.50 ISK183	$0.78 RSD82	-47.9%
Bananas (1 lb)	$1.27 ISK154	$0.88 RSD92	-30.9%
Oranges (1 lb)	$1.46 ISK178	$0.75 RSD78	-48.9%
Tomatoes (1 lb)	$2.93 ISK357	$1.13 RSD119	-61.3%
Potatoes (1 lb)	$1.78 ISK216	$0.46 RSD49	-73.9%
Onions (1 lb)	$0.76 ISK92	$0.30 RSD32	-60.3%
Average			-57.6%

Reykjavik vs. Novi Sad - Cost of groceries

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pay 47.0% less for transportation

	Reykjavik	Novi Sad
Gasoline (1 gallon)	$7.76 ISK946	$7.06 RSD743	-9.1%
Monthly public transit pass	$94.80 ISK11,550	$24.47 RSD2,575	-74.2%
New Volkswagen Golf 1.4 (standard edition)	$50,588.43 ISK6M	$30,517.27 RSD3M	-39.7%
Taxi trip in downtown area (5 miles)	$29.26 ISK3,564	$9.54 RSD1,004	-67.4%
Average			-47.0%

Reykjavik vs. Novi Sad - Cost of transportation

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pay 70.7% less for housing

	Reykjavik	Novi Sad
Internet connection 50 mbps or faster, cable/dsl	$86.01 ISK10,478	$33.49 RSD3,525	-61.1%
1-Bedroom apartment in downtown area	$2,522.88 ISK307K	$490.79 RSD51,658	-80.5%
1-Bedroom apartment outside city center	$2,032.25 ISK248K	$397.95 RSD41,886	-80.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$73.44 ISK8,947	$171.68 RSD18,070	+133.8%
Average			-70.7%

Reykjavik vs. Novi Sad - Cost of housing

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pay 69.9% less for childcare

	Reykjavik	Novi Sad
Private preschool for 1 child, monthly	$1,185.23 ISK144K	$368.43 RSD38,779	-68.9%
Middle school for 1 child, two semesters	$25,853.51 ISK3M	$7,551.27 RSD795K	-70.8%
Average			-69.9%

Reykjavik vs. Novi Sad - Cost of childcare

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pay 66.9% less for entertainment and sports

	Reykjavik	Novi Sad
Domestic/local beer (1 pint)	$13.89 ISK1,693	$2.86 RSD301	-79.4%
Cappuccino in mid-range area	$6.74 ISK821	$2.68 RSD282	-60.3%
Pack of cigarettes Marlboro or similar	$13.89 ISK1,693	$4.72 RSD497	-66.0%
Monthly membership at local gym	$100.25 ISK12,214	$36.45 RSD3,836	-63.6%
Movie ticket to theater/cinema	$19.57 ISK2,385	$7.39 RSD778	-62.2%
Average			-66.9%

Reykjavik vs. Novi Sad - Cost of entertainment and sports

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pay 32.8% less for clothing

	Reykjavik	Novi Sad
Regular jeans Levi's brand	$149.01 ISK18,154	$118.46 RSD12,468	-20.5%
Regular dress from H&M or similar store	$65.79 ISK8,015	$44.12 RSD4,644	-32.9%
Running shoes Nike or Adidas	$181.84 ISK22,154	$138.07 RSD14,533	-24.1%
Men's business shoes (leather)	$248.81 ISK30,313	$125.39 RSD13,197	-49.6%
Average			-32.8%

Reykjavik vs. Novi Sad - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated November 2026). How we calculate this

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