Cost of living comparison

compared to

Piacenza vs. Reykjavik Cost of Living Summary

Piacenza is 15.3% cheaper than Reykjavik.

Restaurants
pay 28.9% less in Piacenza
Groceries
pay 29.6% less in Piacenza
Transportation
pay 15.3% less in Piacenza
Housing
pay 30.4% more in Piacenza
Childcare
pay 28.3% more in Piacenza
Entertainment and Sports
pay 50.1% less in Piacenza
Clothing
pay 41.6% less in Piacenza

The cost of housing and childcare in Piacenza are more expensive than in Reykjavik. Expenses including entertainment and sports, clothing, groceries, restaurants, and transportation are lower in Piacenza.

Piacenza vs. Reykjavik Cost Breakdown

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

pay 28.9% less for restaurants

 
Reykjavik
Piacenza
Basic meal with drink at inexpensive restaurant $27.48
ISK3,473
$22.19
€18.91
Fast food combo meal
McDonalds, or similar
$22.76
ISK2,877
$11.68
€9.95
Bottle of Coca-Cola (11 fl. oz) $3.34
ISK422
$3.41
€2.90

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pay 29.6% less for groceries

 
Reykjavik
Piacenza
Bread
1 loaf
$4.63
ISK586
$2.97
€2.53
Local cheese (8 oz) $9.44
ISK1,193
$7.77
€6.62
Milk (1 gallon) $7.63
ISK964
$6.15
€5.24

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pay 15.3% less for transportation

 
Reykjavik
Piacenza
Gasoline (1 gallon) $9.66
ISK1,221
$7.84
€6.68
Monthly public transit pass $88.58
ISK11,197
$58.40
€49.76
New Volkswagen Golf 1.4 (standard edition) $50,771.00
ISK6,417,454
$31,827.72
€27,117.41

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pay 30.4% more for housing

 
Reykjavik
Piacenza
Internet connection
50 mbps or faster, cable/dsl
$81.97
ISK10,361
$32.70
€27.86
1-Bedroom apartment in downtown area $2,259.48
ISK285,599
$671.59
€572.20
1-Bedroom apartment outside city center $2,034.90
ISK257,212
$554.80
€472.69

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pay 28.3% more for childcare

 
Reykjavik
Piacenza
Private preschool for 1 child, monthly $327.78
ISK41,431
$420.48
€358.25
Middle school for 1 child, two semesters $30,711.08
ISK3,881,881
??

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pay 50.1% less for entertainment and sports

 
Reykjavik
Piacenza
Domestic/local beer (1 pint) $13.12
ISK1,659
$5.84
€4.98
Cappuccino in mid-range area $6.17
ISK780
$1.99
€1.69
Pack of cigarettes
Marlboro or similar
$13.94
ISK1,761
$6.66
€5.67

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pay 41.6% less for clothing

 
Reykjavik
Piacenza
Regular jeans
Levi's brand
$145.10
ISK18,340
$84.68
€72.15
Regular dress
from H&M or similar store
$63.97
ISK8,086
$43.51
€37.07
Running shoes
Nike or Adidas
$193.43
ISK24,449
$100.45
€85.58

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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: December 2025
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