Cost of living comparison
Reykjavik is 67.9% more expensive than Spain.
If you lived in Reykjavik instead of Spain, you would:
pay 56.5% more for restaurants
|
Spain
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.87
€13.12
|
$20.00
ISK2,758
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.22
€8.72
|
$18.02
ISK2,484
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.13
€2.01
|
$3.15
ISK435
|
|
| Bottle of water (11 fl. oz) |
$1.58
€1.49
|
$2.19
ISK301
|
|
pay 78.8% more for groceries
|
Spain
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.30
€1.23
|
$3.61
ISK498
|
|
| Local cheese (8 oz) |
$6.37
€6.02
|
$7.76
ISK1,070
|
|
| Milk (1 gallon) |
$4.16
€3.93
|
$6.40
ISK883
|
|
|
Eggs
1 dozen
|
$2.66
€2.51
|
$5.76
ISK794
|
|
| Boneless chicken breast (1 lb) |
$3.36
€3.18
|
$9.45
ISK1,303
|
|
| Apples (1 lb) |
$0.99
€0.94
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$0.81
€0.77
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.87
€0.82
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$1.13
€1.07
|
$2.22
ISK307
|
|
| Potatoes (1 lb) |
$0.72
€0.68
|
$1.43
ISK198
|
|
| Onions (1 lb) |
$0.81
€0.77
|
$0.93
ISK129
|
|
pay 60.8% more for transportation
|
Spain
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.38
€6.04
|
$8.50
ISK1,172
|
|
| Monthly public transit pass |
$34.26
€32.41
|
$74.95
ISK10,335
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,643.92
€31,828.13
|
$42,450.45
ISK5,853,068
|
|
| Taxi trip in downtown area (5 miles) |
$14.57
€13.78
|
$24.05
ISK3,316
|
|
pay 89.4% more for housing
|
Spain
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.87
€30.15
|
$69.87
ISK9,633
|
|
| 1-Bedroom apartment in downtown area |
$872.36
€825.28
|
$1,971.17
ISK271,785
|
|
| 1-Bedroom apartment outside city center |
$692.13
€654.78
|
$1,803.44
ISK248,658
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$103.97
€98.36
|
$53.95
ISK7,439
|
|
pay 26.6% less for childcare
|
Spain
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$385.97
€365.14
|
$252.14
ISK34,765
|
|
| Middle school for 1 child, two semesters |
$7,352.21
€6,955.40
|
$5,993.99
ISK826,452
|
|
pay 2.4 times more for entertainment and sports
|
Spain
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.84
€2.69
|
$10.81
ISK1,491
|
|
| Cappuccino in mid-range area |
$1.98
€1.87
|
$5.31
ISK731
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.66
€5.35
|
$12.25
ISK1,688
|
|
| Monthly membership at local gym |
$42.87
€40.55
|
$69.95
ISK9,644
|
|
| Movie ticket to theater/cinema |
$8.63
€8.17
|
$14.77
ISK2,037
|
|
pay 76.4% more for clothing
|
Spain
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$75.89
€71.79
|
$108.97
ISK15,025
|
|
|
Regular dress
from H&M or similar store
|
$32.12
€30.38
|
$49.72
ISK6,855
|
|
|
Running shoes
Nike or Adidas
|
$77.96
€73.75
|
$151.85
ISK20,938
|
|
| Men's business shoes (leather) |
$91.38
€86.45
|
$194.16
ISK26,770
|
|
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