Cost of living comparison
Reykjavik is 2.8 times more expensive than Beijing.
If you lived in Reykjavik instead of Beijing, you would:
pay 5.4 times more for restaurants
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.17
CN¥30.19
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.57
CN¥40.26
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.50
CN¥3.59
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$0.31
CN¥2.24
|
$2.19
ISK301
|
|
pay 2.5 times more for groceries
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.43
CN¥10.37
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$7.31
CN¥52.85
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$7.17
CN¥51.86
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$1.74
CN¥12.57
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$1.53
CN¥11.07
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$0.92
CN¥6.63
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$0.71
CN¥5.14
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.89
CN¥6.41
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$0.58
CN¥4.21
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$0.37
CN¥2.66
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$0.47
CN¥3.41
|
$0.93
ISK129
|
|
pay 2.9 times more for transportation
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.36
CN¥31.53
|
$8.50
ISK1,170
|
|
| Monthly public transit pass |
$33.40
CN¥241.53
|
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$20,872.18
CN¥150,958.03
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) |
$4.59
CN¥33.21
|
$24.05
ISK3,311
|
|
pay 3.1 times more for housing
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$13.28
CN¥96.07
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$929.88
CN¥6,725.34
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$492.44
CN¥3,561.59
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$42.04
CN¥304.06
|
$53.95
ISK7,427
|
|
pay 70.4% less for childcare
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$763.49
CN¥5,521.97
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$22,913.01
CN¥165,718.37
|
$5,993.99
ISK825,073
|
|
pay 3.5 times more for entertainment and sports
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.11
CN¥8.05
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$3.60
CN¥26.06
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.48
CN¥25.16
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$65.46
CN¥473.41
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$8.35
CN¥60.38
|
$14.77
ISK2,034
|
|
pay 69.9% more for clothing
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$62.65
CN¥453.15
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$34.69
CN¥250.87
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$83.45
CN¥603.57
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$107.64
CN¥778.48
|
$194.16
ISK26,726
|
|
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