Cost of living comparison

compared to

Varese vs. Reykjavik Cost of Living Summary

Varese is 17.4% cheaper than Reykjavik.

Restaurants
pay 27.9% less in Varese
Groceries
pay 22.0% less in Varese
Transportation
pay 27.4% less in Varese
Housing
pay 9.2% more in Varese
Childcare
pay 26.8% more in Varese
Entertainment and Sports
pay 48.6% less in Varese
Clothing
pay 31.9% less in Varese

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

Varese vs. Reykjavik Cost Breakdown

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

pay 27.9% less for restaurants

 
Reykjavik
Varese
Basic meal with drink at inexpensive restaurant $27.48
ISK3,452
$17.52
€14.96
Fast food combo meal
McDonalds, or similar
$22.76
ISK2,859
$14.02
€11.97
Bottle of Coca-Cola (11 fl. oz) $3.34
ISK419
$3.75
€3.20

Improve prices ·

pay 22.0% less for groceries

 
Reykjavik
Varese
Bread
1 loaf
$4.63
ISK582
$3.21
€2.74
Local cheese (8 oz) $9.44
ISK1,186
$12.26
€10.47
Milk (1 gallon) $7.63
ISK959
$6.45
€5.50

Improve prices ·

pay 27.4% less for transportation

 
Reykjavik
Varese
Gasoline (1 gallon) $9.66
ISK1,214
$7.89
€6.74
Monthly public transit pass $88.58
ISK11,129
$46.72
€39.89
New Volkswagen Golf 1.4 (standard edition) $50,771.00
ISK6,378,360
$34,747.69
€29,669.73

Improve prices ·

pay 9.2% more for housing

 
Reykjavik
Varese
Internet connection
50 mbps or faster, cable/dsl
$81.97
ISK10,298
$35.74
€30.52
1-Bedroom apartment in downtown area $2,259.48
ISK283,859
$957.75
€817.79
1-Bedroom apartment outside city center $2,034.90
ISK255,645
$747.51
€638.27

Improve prices ·

pay 26.8% more for childcare

 
Reykjavik
Varese
Private preschool for 1 child, monthly $327.78
ISK41,179
$759.19
€648.25
Middle school for 1 child, two semesters $30,711.08
ISK3,858,233
$6,735.41
€5,751.11

Improve prices ·

pay 48.6% less for entertainment and sports

 
Reykjavik
Varese
Domestic/local beer (1 pint) $13.12
ISK1,649
$7.01
€5.98
Cappuccino in mid-range area $6.17
ISK776
$1.82
€1.56
Pack of cigarettes
Marlboro or similar
$13.94
ISK1,751
$7.01
€5.98

Improve prices ·

pay 31.9% less for clothing

 
Reykjavik
Varese
Regular jeans
Levi's brand
$145.10
ISK18,228
$109.01
€93.08
Regular dress
from H&M or similar store
$63.97
ISK8,036
$40.86
€34.89
Running shoes
Nike or Adidas
$193.43
ISK24,301
$124.59
€106.38

Improve prices ·
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
Share this

Compare countries by overall cost of living

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

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

ASK THE ELSEWHERE COMMUNITY

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