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¥30.46
|
$20.00
ISK2,783
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.57
CN¥40.61
|
$18.02
ISK2,507
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.50
CN¥3.62
|
$3.15
ISK439
|
|
| Bottle of water (11 fl. oz) |
$0.31
CN¥2.26
|
$2.19
ISK304
|
|
pay 2.5 times more for groceries
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.43
CN¥10.47
|
$3.61
ISK502
|
|
| Local cheese (8 oz) |
$7.31
CN¥53.31
|
$7.76
ISK1,079
|
|
| Milk (1 gallon) |
$7.17
CN¥52.31
|
$6.40
ISK891
|
|
|
Eggs
1 dozen
|
$1.74
CN¥12.68
|
$5.76
ISK801
|
|
| Boneless chicken breast (1 lb) |
$1.53
CN¥11.17
|
$9.45
ISK1,314
|
|
| Apples (1 lb) |
$0.92
CN¥6.69
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$0.71
CN¥5.19
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$0.89
CN¥6.47
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$0.58
CN¥4.25
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$0.37
CN¥2.69
|
$1.43
ISK200
|
|
| Onions (1 lb) |
$0.47
CN¥3.44
|
$0.93
ISK130
|
|
pay 2.9 times more for transportation
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.36
CN¥31.81
|
$8.50
ISK1,183
|
|
| Monthly public transit pass |
$33.40
CN¥243.67
|
$74.95
ISK10,428
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$20,872.18
CN¥152,291.77
|
$42,450.45
ISK5,906,131
|
|
| Taxi trip in downtown area (5 miles) |
$4.59
CN¥33.50
|
$24.05
ISK3,346
|
|
pay 3.1 times more for housing
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$13.28
CN¥96.92
|
$69.87
ISK9,720
|
|
| 1-Bedroom apartment in downtown area |
$929.88
CN¥6,784.76
|
$1,971.17
ISK274,249
|
|
| 1-Bedroom apartment outside city center |
$492.44
CN¥3,593.06
|
$1,803.44
ISK250,913
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$42.04
CN¥306.74
|
$53.95
ISK7,507
|
|
pay 70.4% less for childcare
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$763.49
CN¥5,570.76
|
$252.14
ISK35,080
|
|
| Middle school for 1 child, two semesters |
$22,913.01
CN¥167,182.52
|
$5,993.99
ISK833,944
|
|
pay 3.5 times more for entertainment and sports
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.11
CN¥8.12
|
$10.81
ISK1,504
|
|
| Cappuccino in mid-range area |
$3.60
CN¥26.29
|
$5.31
ISK738
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.48
CN¥25.38
|
$12.25
ISK1,704
|
|
| Monthly membership at local gym |
$65.46
CN¥477.60
|
$69.95
ISK9,732
|
|
| Movie ticket to theater/cinema |
$8.35
CN¥60.92
|
$14.77
ISK2,056
|
|
pay 69.9% more for clothing
|
Beijing
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$62.65
CN¥457.15
|
$108.97
ISK15,161
|
|
|
Regular dress
from H&M or similar store
|
$34.69
CN¥253.09
|
$49.72
ISK6,918
|
|
|
Running shoes
Nike or Adidas
|
$83.45
CN¥608.91
|
$151.85
ISK21,127
|
|
| Men's business shoes (leather) |
$107.64
CN¥785.36
|
$194.16
ISK27,013
|
|
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