Cost of living comparison
Reykjavik is 52.8% more expensive than Bilbao.
- Restaurants
-
pay 34.3% more in Reykjavik
- Groceries
-
pay 73.1% more in Reykjavik
- Transportation
-
pay 58.9% more in Reykjavik
- Housing
-
pay 65.6% more in Reykjavik
- Childcare
-
pay 39.1% less in Reykjavik
- Entertainment and Sports
-
pay 2.2 times more in Reykjavik
- Clothing
-
pay 55.9% more in Reykjavik
The cost of entertainment and sports, groceries, housing, transportation, clothing, and restaurants in Reykjavik are more expensive than in Bilbao. Notably, entertainment and sports is significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Bilbao, you would:
pay 34.3% more for restaurants
|
Bilbao
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.08
€14.11
|
$20.00
ISK2,557
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.18
€8.94
|
$18.02
ISK2,304
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.59
€2.27
|
$3.15
ISK403
|
|
| Bottle of water (11 fl. oz) |
$1.92
€1.68
|
$2.19
ISK279
|
|
pay 73.1% more for groceries
|
Bilbao
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.35
€1.19
|
$3.61
ISK462
|
|
| Local cheese (8 oz) |
$7.31
€6.42
|
$7.76
ISK992
|
|
| Milk (1 gallon) |
$4.43
€3.89
|
$6.40
ISK819
|
|
|
Eggs
1 dozen
|
$2.88
€2.53
|
$5.76
ISK736
|
|
| Boneless chicken breast (1 lb) |
$3.89
€3.41
|
$9.45
ISK1,208
|
|
| Apples (1 lb) |
$0.98
€0.86
|
$1.40
ISK179
|
|
| Bananas (1 lb) |
$0.89
€0.78
|
$1.01
ISK129
|
|
| Oranges (1 lb) |
$0.85
€0.75
|
$1.22
ISK156
|
|
| Tomatoes (1 lb) |
$1.14
€1.00
|
$2.22
ISK284
|
|
| Potatoes (1 lb) |
$0.62
€0.55
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$0.78
€0.68
|
$0.93
ISK119
|
|
pay 58.9% more for transportation
|
Bilbao
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.53
€5.74
|
$8.50
ISK1,087
|
|
| Monthly public transit pass |
$42.87
€37.63
|
$74.95
ISK9,583
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,009.37
€26,339.22
|
$42,450.45
ISK5,427,290
|
|
| Taxi trip in downtown area (5 miles) |
$12.73
€11.17
|
$24.05
ISK3,075
|
|
pay 65.6% more for housing
|
Bilbao
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$35.98
€31.58
|
$69.87
ISK8,932
|
|
| 1-Bedroom apartment in downtown area |
$991.38
€870.13
|
$1,971.17
ISK252,014
|
|
| 1-Bedroom apartment outside city center |
$825.26
€724.33
|
$1,803.44
ISK230,570
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$105.81
€92.87
|
$53.95
ISK6,898
|
|
pay 39.1% less for childcare
|
Bilbao
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$509.09
€446.83
|
$252.14
ISK32,236
|
|
| Middle school for 1 child, two semesters |
$8,306.16
€7,290.32
|
$5,993.99
ISK766,332
|
|
pay 2.2 times more for entertainment and sports
|
Bilbao
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.22
€2.82
|
$10.81
ISK1,382
|
|
| Cappuccino in mid-range area |
$1.99
€1.75
|
$5.31
ISK678
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.03
€5.29
|
$12.25
ISK1,566
|
|
| Monthly membership at local gym |
$53.59
€47.03
|
$69.95
ISK8,943
|
|
| Movie ticket to theater/cinema |
$8.84
€7.76
|
$14.77
ISK1,889
|
|
pay 55.9% more for clothing
|
Bilbao
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$93.78
€82.31
|
$108.97
ISK13,932
|
|
|
Regular dress
from H&M or similar store
|
$31.51
€27.66
|
$49.72
ISK6,357
|
|
|
Running shoes
Nike or Adidas
|
$77.70
€68.20
|
$151.85
ISK19,415
|
|
| Men's business shoes (leather) |
$125.93
€110.53
|
$194.16
ISK24,823
|
|
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