Cost of living comparison
Reykjavik is 2.4 times more expensive than Caracas.
- Restaurants
-
pay 57.5% more in Reykjavik
- Groceries
-
pay 61.7% more in Reykjavik
- Transportation
-
pay 2.3 times more in Reykjavik
- Housing
-
pay 4.7 times more in Reykjavik
- Childcare
-
pay 91.2% more in Reykjavik
- Entertainment and Sports
-
pay 3.3 times more in Reykjavik
- Clothing
-
pay 65.9% more in Reykjavik
The cost of housing, entertainment and sports, transportation, childcare, clothing, and groceries in Reykjavik are more expensive than in Caracas. Notably, housing, entertainment and sports, and transportation are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Caracas, you would:
pay 57.5% more for restaurants
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
VEF149.62
|
$20.00
ISK2,632
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
VEF119.69
|
$18.02
ISK2,371
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.78
VEF17.78
|
$3.15
ISK415
|
|
| Bottle of water (11 fl. oz) |
$1.29
VEF12.84
|
$2.19
ISK288
|
|
pay 61.7% more for groceries
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.17
VEF21.64
|
$3.61
ISK475
|
|
| Local cheese (8 oz) |
$4.87
VEF48.61
|
$7.76
ISK1,021
|
|
| Milk (1 gallon) |
$7.73
VEF77.06
|
$6.40
ISK843
|
|
|
Eggs
1 dozen
|
$3.03
VEF30.26
|
$5.76
ISK757
|
|
| Boneless chicken breast (1 lb) |
$3.24
VEF32.36
|
$9.45
ISK1,243
|
|
| Apples (1 lb) |
$2.55
VEF25.43
|
$1.40
ISK185
|
|
| Bananas (1 lb) |
$0.66
VEF6.56
|
$1.01
ISK133
|
|
| Oranges (1 lb) |
$0.90
VEF8.97
|
$1.22
ISK160
|
|
| Tomatoes (1 lb) |
$0.75
VEF7.51
|
$2.22
ISK293
|
|
| Potatoes (1 lb) |
$1.01
VEF10.04
|
$1.43
ISK189
|
|
| Onions (1 lb) |
$0.87
VEF8.69
|
$0.93
ISK123
|
|
pay 2.3 times more for transportation
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$1.89
VEF18.88
|
$8.50
ISK1,119
|
|
| Monthly public transit pass |
$30.00
VEF299.24
|
$74.95
ISK9,863
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,000.00
VEF319,184.03
|
$42,450.45
ISK5,585,630
|
|
| Taxi trip in downtown area (5 miles) |
$23.80
VEF237.39
|
$24.05
ISK3,165
|
|
pay 4.7 times more for housing
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$37.22
VEF371.27
|
$69.87
ISK9,193
|
|
| 1-Bedroom apartment in downtown area |
$394.44
VEF3,934.39
|
$1,971.17
ISK259,367
|
|
| 1-Bedroom apartment outside city center |
$366.67
VEF3,657.32
|
$1,803.44
ISK237,297
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$7.90
VEF78.82
|
$53.95
ISK7,099
|
|
pay 91.2% more for childcare
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$98.67
VEF984.15
|
$252.14
ISK33,177
|
|
| Middle school for 1 child, two semesters |
$4,720.00
VEF47,079.64
|
$5,993.99
ISK788,690
|
|
pay 3.3 times more for entertainment and sports
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.50
VEF14.96
|
$10.81
ISK1,422
|
|
| Cappuccino in mid-range area |
$2.72
VEF27.12
|
$5.31
ISK698
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.25
VEF32.42
|
$12.25
ISK1,611
|
|
| Monthly membership at local gym |
$71.88
VEF716.92
|
$69.95
ISK9,204
|
|
| Movie ticket to theater/cinema |
$6.00
VEF59.85
|
$14.77
ISK1,944
|
|
pay 65.9% more for clothing
|
Caracas
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$60.00
VEF598.47
|
$108.97
ISK14,339
|
|
|
Regular dress
from H&M or similar store
|
$43.33
VEF432.23
|
$49.72
ISK6,542
|
|
|
Running shoes
Nike or Adidas
|
$113.12
VEF1,128.37
|
$151.85
ISK19,981
|
|
| Men's business shoes (leather) |
$83.33
VEF831.21
|
$194.16
ISK25,547
|
|
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