Cost of living comparison

Italy

compared to

Iceland

Reykjavik vs. Rome Cost of Living Summary

Reykjavik is 73.6% more expensive than Rome.

Restaurants: pay 95.4% more in Reykjavik
Groceries: pay 58.8% more in Reykjavik
Transportation: pay 42.2% more in Reykjavik
Housing: pay 76.4% more in Reykjavik
Childcare: pay 93.1% more in Reykjavik
Entertainment and Sports: pay 2.1 times more in Reykjavik
Clothing: pay 2.0 times more in Reykjavik

The cost of entertainment and sports, clothing, restaurants, childcare, housing, and groceries in Reykjavik are more expensive than in Rome. Notably, entertainment and sports, clothing, and restaurants are significantly more expensive in Reykjavik.

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Reykjavik vs. Rome Cost Breakdown

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

Display currency: USD

pay 95.4% more for restaurants

	Rome	Reykjavik
Basic meal with drink at inexpensive restaurant	$16.80 €14.95	$31.06 ISK3,763	+84.9%
Fast food combo meal McDonalds, or similar	$11.20 €9.97	$26.97 ISK3,268	+140.9%
Bottle of Coca-Cola (11 fl. oz)	$2.96 €2.63	$3.31 ISK402	+12.0%
Bottle of water (11 fl. oz)	$1.48 €1.32	$3.11 ISK376	+109.9%
Average			+95.4%

Rome vs. Reykjavik - Cost of restaurants

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pay 58.8% more for groceries

	Rome	Reykjavik
Bread 1 loaf	$2.22 €1.98	$4.19 ISK508	+88.5%
Local cheese (8 oz)	$7.42 €6.61	$10.93 ISK1,324	+47.3%
Milk (1 gallon)	$6.49 €5.77	$7.78 ISK942	+19.9%
Eggs 1 dozen	$4.66 €4.15	$7.08 ISK858	+51.9%
Boneless chicken breast (1 lb)	$5.66 €5.03	$11.00 ISK1,333	+94.5%
Apples (1 lb)	$1.17 €1.04	$1.50 ISK182	+28.3%
Bananas (1 lb)	$1.05 €0.94	$1.27 ISK154	+20.2%
Oranges (1 lb)	$1.09 €0.97	$1.46 ISK177	+34.1%
Tomatoes (1 lb)	$1.07 €0.96	$2.93 ISK355	+173.0%
Potatoes (1 lb)	$0.64 €0.57	$1.78 ISK215	+176.1%
Onions (1 lb)	$0.72 €0.64	$0.76 ISK92	+5.5%
Average			+58.8%

Rome vs. Reykjavik - Cost of groceries

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pay 42.2% more for transportation

	Rome	Reykjavik
Gasoline (1 gallon)	$8.04 €7.16	$7.76 ISK941	-3.4%
Monthly public transit pass	$39.19 €34.88	$94.80 ISK11,488	+141.9%
New Volkswagen Golf 1.4 (standard edition)	$35,551.60 €31,642.21	$50,588.43 ISK6M	+42.3%
Taxi trip in downtown area (5 miles)	$20.16 €17.94	$29.26 ISK3,545	+45.2%
Average			+42.2%

Rome vs. Reykjavik - Cost of transportation

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pay 76.4% more for housing

	Rome	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$31.87 €28.36	$86.01 ISK10,422	+169.9%
1-Bedroom apartment in downtown area	$1,208.81 €1,075.88	$2,522.88 ISK306K	+108.7%
1-Bedroom apartment outside city center	$873.39 €777.35	$2,032.25 ISK246K	+132.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$157.13 €139.85	$73.44 ISK8,899	-53.3%
Average			+76.4%

Rome vs. Reykjavik - Cost of housing

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pay 93.1% more for childcare

	Rome	Reykjavik
Private preschool for 1 child, monthly	$487.21 €433.63	$1,185.23 ISK144K	+143.3%
Middle school for 1 child, two semesters	$16,862.20 €15,007.96	$25,853.51 ISK3M	+53.3%
Average			+93.1%

Rome vs. Reykjavik - Cost of childcare

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pay 2.1 times more for entertainment and sports

	Rome	Reykjavik
Domestic/local beer (1 pint)	$5.60 €4.98	$13.89 ISK1,684	+148.2%
Cappuccino in mid-range area	$2.07 €1.84	$6.74 ISK817	+225.9%
Pack of cigarettes Marlboro or similar	$7.28 €6.48	$13.89 ISK1,684	+90.9%
Monthly membership at local gym	$65.43 €58.24	$100.25 ISK12,148	+53.2%
Movie ticket to theater/cinema	$11.20 €9.97	$19.57 ISK2,372	+74.8%
Average			+107.3%

Rome vs. Reykjavik - Cost of entertainment and sports

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pay 2.0 times more for clothing

	Rome	Reykjavik
Regular jeans Levi's brand	$71.31 €63.47	$149.01 ISK18,058	+109.0%
Regular dress from H&M or similar store	$36.31 €32.32	$65.79 ISK7,972	+81.2%
Running shoes Nike or Adidas	$83.63 €74.43	$181.84 ISK22,035	+117.4%
Men's business shoes (leather)	$123.17 €109.63	$248.81 ISK30,151	+102.0%
Average			+101.9%

Rome vs. Reykjavik - 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 October 2026). How we calculate this

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