Cost of living comparison

Bansko, Bulgaria

compared to

Reykjavik, Iceland

Reykjavik vs. Bansko Cost of Living Summary

Reykjavik is 2.5 times more expensive than Bansko.

Restaurants: pay 2.1 times more in Reykjavik
Groceries: pay 95.0% more in Reykjavik
Transportation: pay 2.3 times more in Reykjavik
Housing: pay 4.0 times more in Reykjavik
Childcare: pay 32.9% less in Reykjavik
Entertainment and Sports: pay 3.0 times more in Reykjavik
Clothing: pay 3.7 times more in Reykjavik

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

Reykjavik vs. Bansko Cost Breakdown

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

Display currency: USD

pay 2.1 times more for restaurants

	Bansko	Reykjavik
Basic meal with drink at inexpensive restaurant	$10.30 BGN17.72	$20.00 ISK2,557	+94.1%
Fast food combo meal McDonalds, or similar	$8.22 BGN14.14	$18.02 ISK2,304	+119.2%
Bottle of Coca-Cola (11 fl. oz)	$1.47 BGN2.52	$3.15 ISK403	+115.0%
Bottle of water (11 fl. oz)	$1.02 BGN1.75	$2.19 ISK279	+114.5%
Average			+110.7%

Bansko vs. Reykjavik - Cost of restaurants

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pay 95.0% more for groceries

	Bansko	Reykjavik
Bread 1 loaf	$1.06 BGN1.82	$3.61 ISK462	+241.6%
Local cheese (8 oz)	$5.28 BGN9.08	$7.76 ISK992	+47.0%
Milk (1 gallon)	$6.60 BGN11.35	$6.40 ISK819	-2.9%
Eggs 1 dozen	$3.55 BGN6.10	$5.76 ISK736	+62.3%
Boneless chicken breast (1 lb)	$3.50 BGN6.02	$9.45 ISK1,208	+170.0%
Apples (1 lb)	$0.80 BGN1.38	$1.40 ISK179	+75.2%
Bananas (1 lb)	$0.85 BGN1.47	$1.01 ISK129	+18.1%
Oranges (1 lb)	$0.81 BGN1.39	$1.22 ISK156	+50.3%
Tomatoes (1 lb)	$1.11 BGN1.91	$2.22 ISK284	+100.7%
Potatoes (1 lb)	$0.51 BGN0.87	$1.43 ISK183	+183.2%
Onions (1 lb)	$0.47 BGN0.81	$0.93 ISK119	+99.0%
Average			+95.0%

Bansko vs. Reykjavik - Cost of groceries

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pay 2.3 times more for transportation

	Bansko	Reykjavik
Gasoline (1 gallon)	$5.46 BGN9.40	$8.50 ISK1,087	+55.6%
Monthly public transit pass	$25.71 BGN44.24	$74.95 ISK9,583	+191.5%
New Volkswagen Golf 1.4 (standard edition)	$28,128.56 BGN48,389.28	$42,450.45 ISK5,427,290	+50.9%
Taxi trip in downtown area (5 miles)	$7.51 BGN12.92	$24.05 ISK3,075	+220.3%
Average			+129.6%

Bansko vs. Reykjavik - Cost of transportation

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pay 4.0 times more for housing

	Bansko	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$13.48 BGN23.19	$69.87 ISK8,932	+418.3%
1-Bedroom apartment in downtown area	$297.72 BGN512.16	$1,971.17 ISK252,014	+562.1%
1-Bedroom apartment outside city center	$461.50 BGN793.92	$1,803.44 ISK230,570	+290.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$114.12 BGN196.33	$53.95 ISK6,898	-52.7%
Average			+304.6%

Bansko vs. Reykjavik - Cost of housing

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pay 32.9% less for childcare

	Bansko	Reykjavik
Private preschool for 1 child, monthly	$554.43 BGN953.78	$252.14 ISK32,236	-54.5%
Middle school for 1 child, two semesters	$6,747.31 BGN11,607.34	$5,993.99 ISK766,332	-11.2%
Average			-32.9%

Bansko vs. Reykjavik - Cost of childcare

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pay 3.0 times more for entertainment and sports

	Bansko	Reykjavik
Domestic/local beer (1 pint)	$2.74 BGN4.71	$10.81 ISK1,382	+294.6%
Cappuccino in mid-range area	$2.25 BGN3.87	$5.31 ISK678	+135.6%
Pack of cigarettes Marlboro or similar	$2.74 BGN4.71	$12.25 ISK1,566	+346.9%
Monthly membership at local gym	$27.40 BGN47.14	$69.95 ISK8,943	+155.3%
Movie ticket to theater/cinema	$8.22 BGN14.14	$14.77 ISK1,889	+79.7%
Average			+202.4%

Bansko vs. Reykjavik - Cost of entertainment and sports

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pay 3.7 times more for clothing

	Bansko	Reykjavik
Regular jeans Levi's brand	$21.92 BGN37.71	$108.97 ISK13,932	+397.1%
Regular dress from H&M or similar store	$24.66 BGN42.42	$49.72 ISK6,357	+101.6%
Running shoes Nike or Adidas	$43.84 BGN75.42	$151.85 ISK19,415	+246.4%
Men's business shoes (leather)	$46.58 BGN80.13	$194.16 ISK24,823	+316.8%
Average			+265.5%

Bansko vs. Reykjavik - Cost of clothing

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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: April 2025

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