Cost of living comparison
Quito is 43.6% cheaper than Reykjavik.
If you lived in Quito instead of Reykjavik, you would:
pay 64.8% less for restaurants
Reykjavik
|
Quito
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,967
|
$4.25
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,374
|
$8.00
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK399
|
$1.11
|
|
Bottle of water (11 fl. oz) |
$2.07
ISK285
|
$0.76
|
|
pay 51.7% less for groceries
Reykjavik
|
Quito
|
||
---|---|---|---|
Bread
1 loaf
|
$3.68
ISK506
|
$1.58
|
|
Local cheese (8 oz) |
$7.66
ISK1,052
|
$4.00
|
|
Milk (1 gallon) |
$6.16
ISK847
|
$4.02
|
|
Eggs
1 dozen
|
$5.91
ISK813
|
$2.23
|
|
Boneless chicken breast (1 lb) |
$8.87
ISK1,220
|
$3.23
|
|
Apples (1 lb) |
$1.53
ISK210
|
$1.06
|
|
Bananas (1 lb) |
$0.97
ISK133
|
$0.53
|
|
Oranges (1 lb) |
$1.26
ISK173
|
$0.67
|
|
Tomatoes (1 lb) |
$2.23
ISK306
|
$0.59
|
|
Potatoes (1 lb) |
$1.42
ISK195
|
$0.65
|
|
Onions (1 lb) |
$1.01
ISK139
|
$0.47
|
|
pay 57.9% less for transportation
Reykjavik
|
Quito
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.57
ISK1,179
|
$2.81
|
|
Monthly public transit pass |
$66.92
ISK9,198
|
$20.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,726,259
|
$20,000.00
|
|
Taxi trip in downtown area (5 miles) |
$23.30
ISK3,202
|
$13.50
|
|
pay 64.3% less for housing
Reykjavik
|
Quito
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,408
|
$34.65
|
|
1-Bedroom apartment in downtown area |
$1,864.13
ISK256,225
|
$446.45
|
|
1-Bedroom apartment outside city center |
$1,666.20
ISK229,019
|
$320.83
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,856
|
$31.61
|
|
pay 17.2% more for childcare
Reykjavik
|
Quito
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$240.37
ISK33,039
|
$275.00
|
|
Middle school for 1 child, two semesters |
$5,984.07
ISK822,511
|
$7,180.00
|
|
pay 50.4% less for entertainment and sports
Reykjavik
|
Quito
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$10.79
ISK1,483
|
$3.00
|
|
Cappuccino in mid-range area |
$5.09
ISK699
|
$2.79
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,632
|
$6.50
|
|
Monthly membership at local gym |
$65.50
ISK9,003
|
$40.67
|
|
Movie ticket to theater/cinema |
$14.39
ISK1,978
|
$7.00
|
|
pay 33.3% less for clothing
Reykjavik
|
Quito
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$103.94
ISK14,287
|
$46.67
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK5,978
|
$44.92
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,445
|
$98.08
|
|
Men's business shoes (leather) |
$174.65
ISK24,006
|
$86.36
|
|
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