Cost of living comparison
Reykjavik is 2.8 times more expensive than Addis Ababa.
If you lived in Reykjavik instead of Addis Ababa, you would:
pay 3.6 times more for restaurants
|
Addis Ababa
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.00
ETB728.79
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.24
ETB757.37
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.78
ETB95.35
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$0.50
ETB60.99
|
$2.19
ISK301
|
|
pay 2.2 times more for groceries
|
Addis Ababa
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.20
ETB145.95
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$4.85
ETB589.53
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$6.08
ETB738.34
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$2.65
ETB321.78
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$5.65
ETB685.82
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$3.30
ETB401.00
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$0.51
ETB61.51
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$1.08
ETB130.97
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$0.39
ETB46.95
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$0.31
ETB37.81
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$0.79
ETB96.46
|
$0.93
ISK129
|
|
pay 4.4 times more for transportation
|
Addis Ababa
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.88
ETB592.72
|
$8.50
ISK1,170
|
|
| Monthly public transit pass |
$10.00
ETB1,214.65
|
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,000.00
ETB3,036,634.27
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) |
$3.67
ETB445.17
|
$24.05
ISK3,311
|
|
pay 2.0 times more for housing
|
Addis Ababa
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$171.17
ETB20,790.82
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$645.10
ETB78,357.31
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$422.74
ETB51,348.54
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$124.84
ETB15,163.52
|
$53.95
ISK7,427
|
|
pay 61.5% more for childcare
|
Addis Ababa
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$81.47
ETB9,896.18
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$43,916.67
ETB5,334,354.21
|
$5,993.99
ISK825,073
|
|
pay 4.3 times more for entertainment and sports
|
Addis Ababa
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.00
ETB121.47
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$1.15
ETB139.65
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.00
ETB485.86
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$90.59
ETB11,004.16
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$6.70
ETB813.82
|
$14.77
ISK2,034
|
|
pay 48.5% more for clothing
|
Addis Ababa
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.33
ETB5,870.83
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$75.17
ETB9,130.15
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$108.84
ETB13,220.62
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$119.32
ETB14,493.46
|
$194.16
ISK26,726
|
|
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