Cost of living comparison
Reykjavik is 32.3% more expensive than Austria overall.
- Restaurants
-
pay 23.0% more in Reykjavik
- Groceries
-
pay 24.2% more in Reykjavik
- Transportation
-
pay 41.4% more in Reykjavik
- Housing
-
pay 76.4% more in Reykjavik
- Childcare
-
pay 50.0% less in Reykjavik
- Entertainment and Sports
-
pay 67.1% more in Reykjavik
- Clothing
-
pay 44.2% more in Reykjavik
The cost of housing, entertainment and sports, clothing, transportation, groceries, and restaurants in Reykjavik are more expensive than in Austria. Notably, housing is significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Austria, you would:
pay 23.0% more for restaurants
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.38
€13.54
|
$20.00
ISK2,569
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.63
€9.36
|
$18.02
ISK2,314
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
€2.74
|
$3.15
ISK405
|
|
| Bottle of water (11 fl. oz) |
$2.40
€2.11
|
$2.19
ISK281
|
|
pay 24.2% more for groceries
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.51
€2.21
|
$3.61
ISK464
|
|
| Local cheese (8 oz) |
$8.15
€7.18
|
$7.76
ISK996
|
|
| Milk (1 gallon) |
$5.62
€4.94
|
$6.40
ISK822
|
|
|
Eggs
1 dozen
|
$4.05
€3.56
|
$5.76
ISK739
|
|
| Boneless chicken breast (1 lb) |
$6.06
€5.34
|
$9.45
ISK1,213
|
|
| Apples (1 lb) |
$1.15
€1.01
|
$1.40
ISK180
|
|
| Bananas (1 lb) |
$0.97
€0.85
|
$1.01
ISK130
|
|
| Oranges (1 lb) |
$1.36
€1.20
|
$1.22
ISK156
|
|
| Tomatoes (1 lb) |
$1.88
€1.66
|
$2.22
ISK286
|
|
| Potatoes (1 lb) |
$0.87
€0.77
|
$1.43
ISK184
|
|
| Onions (1 lb) |
$0.80
€0.71
|
$0.93
ISK120
|
|
pay 41.4% more for transportation
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.30
€5.55
|
$8.50
ISK1,092
|
|
| Monthly public transit pass |
$48.89
€43.04
|
$74.95
ISK9,626
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,790.93
€23,587.72
|
$42,450.45
ISK5,451,803
|
|
| Taxi trip in downtown area (5 miles) |
$20.20
€17.79
|
$24.05
ISK3,089
|
|
pay 76.4% more for housing
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$36.05
€31.74
|
$69.87
ISK8,973
|
|
| 1-Bedroom apartment in downtown area |
$834.31
€734.56
|
$1,971.17
ISK253,152
|
|
| 1-Bedroom apartment outside city center |
$704.76
€620.50
|
$1,803.44
ISK231,611
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$275.88
€242.90
|
$53.95
ISK6,929
|
|
pay 50.0% less for childcare
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$436.40
€384.22
|
$252.14
ISK32,382
|
|
| Middle school for 1 child, two semesters |
$14,173.71
€12,479.06
|
$5,993.99
ISK769,793
|
|
pay 67.1% more for entertainment and sports
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.65
€4.09
|
$10.81
ISK1,388
|
|
| Cappuccino in mid-range area |
$3.63
€3.19
|
$5.31
ISK681
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.56
€5.77
|
$12.25
ISK1,573
|
|
| Monthly membership at local gym |
$45.89
€40.41
|
$69.95
ISK8,983
|
|
| Movie ticket to theater/cinema |
$12.58
€11.07
|
$14.77
ISK1,897
|
|
pay 44.2% more for clothing
|
Austria
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$85.11
€74.93
|
$108.97
ISK13,995
|
|
|
Regular dress
from H&M or similar store
|
$43.90
€38.65
|
$49.72
ISK6,386
|
|
|
Running shoes
Nike or Adidas
|
$88.16
€77.62
|
$151.85
ISK19,502
|
|
| Men's business shoes (leather) |
$118.74
€104.54
|
$194.16
ISK24,935
|
|
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