Cost of living comparison

 Alicante, Spain
compared to
 Reykjavik, Iceland
Reykjavik vs. Alicante Cost of Living Summary

Reykjavik is 69.0% more expensive than Alicante.

Restaurants
pay 51.6% more in Reykjavik
Groceries
pay 88.0% more in Reykjavik
Transportation
pay 83.2% more in Reykjavik
Housing
pay 93.7% more in Reykjavik
Childcare
pay 50.4% less in Reykjavik
Entertainment and Sports
pay 2.4 times more in Reykjavik
Clothing
pay 78.8% more in Reykjavik

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

Reykjavik vs. Alicante Cost Breakdown

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

pay 51.6% more for restaurants

 
Alicante
Reykjavik
Basic meal with drink at inexpensive restaurant $16.08
€14.17
$20.00
ISK2,545
Fast food combo meal
McDonalds, or similar
$9.65
€8.50
$18.02
ISK2,293
Bottle of Coca-Cola (11 fl. oz) $2.05
€1.80
$3.15
ISK401

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pay 88.0% more for groceries

 
Alicante
Reykjavik
Bread
1 loaf
$1.58
€1.39
$3.61
ISK459
Local cheese (8 oz) $4.89
€4.31
$7.76
ISK987
Milk (1 gallon) $4.49
€3.96
$6.40
ISK815

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pay 83.2% more for transportation

 
Alicante
Reykjavik
Gasoline (1 gallon) $6.47
€5.70
$8.50
ISK1,082
Monthly public transit pass $26.79
€23.61
$74.95
ISK9,538
New Volkswagen Golf 1.4 (standard edition) $35,759.38
€31,512.59
$42,450.45
ISK5,401,820

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pay 93.7% more for housing

 
Alicante
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$29.80
€26.26
$69.87
ISK8,890
1-Bedroom apartment in downtown area $895.84
€789.45
$1,971.17
ISK250,832
1-Bedroom apartment outside city center $700.53
€617.34
$1,803.44
ISK229,488

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pay 50.4% less for childcare

 
Alicante
Reykjavik
Private preschool for 1 child, monthly $660.92
€582.43
$252.14
ISK32,085
Middle school for 1 child, two semesters $9,806.63
€8,642.00
$5,993.99
ISK762,736

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pay 2.4 times more for entertainment and sports

 
Alicante
Reykjavik
Domestic/local beer (1 pint) $2.68
€2.36
$10.81
ISK1,376
Cappuccino in mid-range area $2.00
€1.77
$5.31
ISK675
Pack of cigarettes
Marlboro or similar
$5.52
€4.86
$12.25
ISK1,558

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pay 78.8% more for clothing

 
Alicante
Reykjavik
Regular jeans
Levi's brand
$59.13
€52.10
$108.97
ISK13,867
Regular dress
from H&M or similar store
$28.94
€25.50
$49.72
ISK6,327
Running shoes
Nike or Adidas
$91.10
€80.28
$151.85
ISK19,323

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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: June 2025
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See the cost of living in Spain vs. Iceland. This provides a comparison of the average cost of living from cities within Spain and Iceland.

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