Cost of living comparison

Armenia

compared to

Reykjavik, Iceland

Reykjavik vs. Armenia Cost of Living Summary

Reykjavik is 2.6 times more expensive than Armenia overall.

Restaurants: pay 3.0 times more in Reykjavik
Groceries: pay 2.7 times more in Reykjavik
Transportation: pay 3.9 times more in Reykjavik
Housing: pay 2.8 times more in Reykjavik
Childcare: pay 20.3% less in Reykjavik
Entertainment and Sports: pay 3.3 times more in Reykjavik
Clothing: pay 54.4% more in Reykjavik

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

Reykjavik vs. Armenia Cost Breakdown

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

Display currency: USD

pay 3.0 times more for restaurants

	Armenia	Reykjavik
Basic meal with drink at inexpensive restaurant	$10.61 AMD4,143.88	$20.00 ISK2,689	+88.5%
Fast food combo meal McDonalds, or similar	$9.00 AMD3,516.02	$18.02 ISK2,423	+100.1%
Bottle of Coca-Cola (11 fl. oz)	$0.86 AMD336.25	$3.15 ISK424	+266.3%
Bottle of water (11 fl. oz)	$0.49 AMD191.94	$2.19 ISK294	+344.7%
Average			+199.9%

Armenia vs. Reykjavik - Cost of restaurants

Improve prices · Change currency (USD)

pay 2.7 times more for groceries

	Armenia	Reykjavik
Bread 1 loaf	$0.70 AMD272.43	$3.61 ISK485	+417.6%
Local cheese (8 oz)	$3.88 AMD1,516.33	$7.76 ISK1,043	+99.8%
Milk (1 gallon)	$5.47 AMD2,137.57	$6.40 ISK861	+17.0%
Eggs 1 dozen	$2.20 AMD857.60	$5.76 ISK774	+162.2%
Boneless chicken breast (1 lb)	$3.20 AMD1,251.38	$9.45 ISK1,270	+194.9%
Apples (1 lb)	$0.56 AMD218.06	$1.40 ISK189	+151.2%
Bananas (1 lb)	$0.73 AMD286.44	$1.01 ISK136	+37.6%
Oranges (1 lb)	$0.64 AMD249.28	$1.22 ISK164	+90.7%
Tomatoes (1 lb)	$0.80 AMD310.88	$2.22 ISK299	+179.5%
Potatoes (1 lb)	$0.34 AMD131.09	$1.43 ISK193	+327.4%
Onions (1 lb)	$0.31 AMD122.79	$0.93 ISK126	+197.1%
Average			+170.5%

Armenia vs. Reykjavik - Cost of groceries

Improve prices · Change currency (USD)

pay 3.9 times more for transportation

	Armenia	Reykjavik
Gasoline (1 gallon)	$4.63 AMD1,806.54	$8.50 ISK1,143	+83.8%
Monthly public transit pass	$12.86 AMD5,022.88	$74.95 ISK10,078	+482.8%
New Volkswagen Golf 1.4 (standard edition)	$30,864.95 AMD12,054,922.33	$42,450.45 ISK5,707,888	+37.5%
Taxi trip in downtown area (5 miles)	$3.76 AMD1,466.68	$24.05 ISK3,234	+540.5%
Average			+286.1%

Armenia vs. Reykjavik - Cost of transportation

Improve prices · Change currency (USD)

pay 2.8 times more for housing

	Armenia	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$19.21 AMD7,502.48	$69.87 ISK9,394	+263.7%
1-Bedroom apartment in downtown area	$684.28 AMD267,257.67	$1,971.17 ISK265,044	+188.1%
1-Bedroom apartment outside city center	$447.92 AMD174,943.25	$1,803.44 ISK242,491	+302.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$89.01 AMD34,763.64	$53.95 ISK7,255	-39.4%
Average			+178.8%

Armenia vs. Reykjavik - Cost of housing

Improve prices · Change currency (USD)

pay 20.3% less for childcare

	Armenia	Reykjavik
Private preschool for 1 child, monthly	$270.71 AMD105,731.71	$252.14 ISK33,903	-6.9%
Middle school for 1 child, two semesters	$9,038.40 AMD3,530,127.74	$5,993.99 ISK805,952	-33.7%
Average			-20.3%

Armenia vs. Reykjavik - Cost of childcare

Improve prices · Change currency (USD)

pay 3.3 times more for entertainment and sports

	Armenia	Reykjavik
Domestic/local beer (1 pint)	$1.67 AMD652.97	$10.81 ISK1,454	+546.6%
Cappuccino in mid-range area	$2.87 AMD1,119.80	$5.31 ISK713	+85.0%
Pack of cigarettes Marlboro or similar	$2.57 AMD1,004.58	$12.25 ISK1,646	+376.1%
Monthly membership at local gym	$67.15 AMD26,228.40	$69.95 ISK9,405	+4.2%
Movie ticket to theater/cinema	$5.79 AMD2,260.30	$14.77 ISK1,987	+155.3%
Average			+233.4%

Armenia vs. Reykjavik - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 54.4% more for clothing

	Armenia	Reykjavik
Regular jeans Levi's brand	$70.99 AMD27,727.05	$108.97 ISK14,652	+53.5%
Regular dress from H&M or similar store	$51.27 AMD20,023.91	$49.72 ISK6,685	-3.0%
Running shoes Nike or Adidas	$139.93 AMD54,651.62	$151.85 ISK20,418	+8.5%
Men's business shoes (leather)	$75.15 AMD29,351.12	$194.16 ISK26,106	+158.4%
Average			+54.4%

Armenia vs. Reykjavik - Cost of clothing

Improve prices · Change currency (USD)

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: March 2025

More cost comparisons

Armenia vs.

Prague

Armenia vs.

Bangkok

Armenia vs.

Quito

Armenia vs.

Phnom Penh

Armenia vs.

Canberra

Armenia vs.

Kiev

Armenia vs.

Manila

Armenia vs.

Beijing

Share this

Compare countries by overall cost of living

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

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

Add prices for Armenia

Add prices for Reykjavik

ASK THE ELSEWHERE COMMUNITY

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