Cost of living comparison

 Bamako, Mali
compared to
 Reykjavik, Iceland
Reykjavik vs. Bamako Cost of Living Summary

Reykjavik is 2.6 times more expensive than Bamako.

Restaurants
pay 3.4 times more in Reykjavik
Groceries
pay 75.9% more in Reykjavik
Transportation
pay 55.0% more in Reykjavik
Housing
pay 69.3% more in Reykjavik
Entertainment and Sports
pay 4.8 times more in Reykjavik

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

Reykjavik vs. Bamako Cost Breakdown

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

pay 3.4 times more for restaurants

 
Bamako
Reykjavik
Basic meal with drink at inexpensive restaurant $6.70
F CFA4,044
$20.00
ISK2,632
Fast food combo meal
McDonalds, or similar
$6.42
F CFA3,874
$18.02
ISK2,371
Bottle of Coca-Cola (11 fl. oz) $0.77
F CFA466
$3.15
ISK415

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pay 75.9% more for groceries

 
Bamako
Reykjavik
Bread
1 loaf
$1.10
F CFA665
$3.61
ISK475
Local cheese (8 oz) ?? $7.76
ISK1,021
Milk (1 gallon) $9.46
F CFA5,708
$6.40
ISK843

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pay 55.0% more for transportation

 
Bamako
Reykjavik
Gasoline (1 gallon) $5.48
F CFA3,307
$8.50
ISK1,119
Monthly public transit pass ?? $74.95
ISK9,863
New Volkswagen Golf 1.4 (standard edition) ?? $42,450.45
ISK5,585,630

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pay 69.3% more for housing

 
Bamako
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$41.27
F CFA24,891
$69.87
ISK9,193
1-Bedroom apartment in downtown area ?? $1,971.17
ISK259,367
1-Bedroom apartment outside city center ?? $1,803.44
ISK237,297

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pay (unknown) more for childcare

 
Bamako
Reykjavik
Private preschool for 1 child, monthly ?? $252.14
ISK33,177
Middle school for 1 child, two semesters ?? $5,993.99
ISK788,690

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pay 4.8 times more for entertainment and sports

 
Bamako
Reykjavik
Domestic/local beer (1 pint) $2.39
F CFA1,439
$10.81
ISK1,422
Cappuccino in mid-range area $1.89
F CFA1,140
$5.31
ISK698
Pack of cigarettes
Marlboro or similar
$0.93
F CFA563
$12.25
ISK1,611

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pay (unknown) more for clothing

 
Bamako
Reykjavik
Regular jeans
Levi's brand
?? $108.97
ISK14,339
Regular dress
from H&M or similar store
?? $49.72
ISK6,542
Running shoes
Nike or Adidas
?? $151.85
ISK19,981

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

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