Cost of living comparison
Reykjavik is 3.5 times more expensive than China.
If you lived in Reykjavik instead of China, you would:
pay 6.1 times more for restaurants
|
China
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$2.85
CN¥20.77
|
$20.00
ISK2,774
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.07
CN¥36.86
|
$18.02
ISK2,499
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.49
CN¥3.56
|
$3.15
ISK437
|
|
| Bottle of water (11 fl. oz) |
$0.30
CN¥2.18
|
$2.19
ISK303
|
|
pay 2.8 times more for groceries
|
China
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.59
CN¥11.58
|
$3.61
ISK501
|
|
| Local cheese (8 oz) |
$5.85
CN¥42.57
|
$7.76
ISK1,076
|
|
| Milk (1 gallon) |
$6.86
CN¥49.91
|
$6.40
ISK888
|
|
|
Eggs
1 dozen
|
$1.60
CN¥11.61
|
$5.76
ISK799
|
|
| Boneless chicken breast (1 lb) |
$1.54
CN¥11.21
|
$9.45
ISK1,311
|
|
| Apples (1 lb) |
$0.76
CN¥5.55
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$0.57
CN¥4.17
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$0.65
CN¥4.76
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$0.52
CN¥3.81
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$0.32
CN¥2.34
|
$1.43
ISK199
|
|
| Onions (1 lb) |
$0.40
CN¥2.91
|
$0.93
ISK130
|
|
pay 3.4 times more for transportation
|
China
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.44
CN¥32.34
|
$8.50
ISK1,179
|
|
| Monthly public transit pass |
$22.47
CN¥163.49
|
$74.95
ISK10,398
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,071.53
CN¥138,766.39
|
$42,450.45
ISK5,888,726
|
|
| Taxi trip in downtown area (5 miles) |
$3.97
CN¥28.92
|
$24.05
ISK3,336
|
|
pay 5.5 times more for housing
|
China
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$11.70
CN¥85.09
|
$69.87
ISK9,692
|
|
| 1-Bedroom apartment in downtown area |
$328.33
CN¥2,388.97
|
$1,971.17
ISK273,441
|
|
| 1-Bedroom apartment outside city center |
$205.78
CN¥1,497.28
|
$1,803.44
ISK250,173
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$40.46
CN¥294.38
|
$53.95
ISK7,484
|
|
pay 56.2% less for childcare
|
China
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$459.70
CN¥3,344.81
|
$252.14
ISK34,977
|
|
| Middle school for 1 child, two semesters |
$18,318.08
CN¥133,284.18
|
$5,993.99
ISK831,487
|
|
pay 3.9 times more for entertainment and sports
|
China
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.09
CN¥7.94
|
$10.81
ISK1,500
|
|
| Cappuccino in mid-range area |
$3.07
CN¥22.32
|
$5.31
ISK736
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.23
CN¥23.53
|
$12.25
ISK1,699
|
|
| Monthly membership at local gym |
$41.41
CN¥301.29
|
$69.95
ISK9,703
|
|
| Movie ticket to theater/cinema |
$5.93
CN¥43.11
|
$14.77
ISK2,050
|
|
pay 2.1 times more for clothing
|
China
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.23
CN¥350.89
|
$108.97
ISK15,117
|
|
|
Regular dress
from H&M or similar store
|
$31.67
CN¥230.44
|
$49.72
ISK6,897
|
|
|
Running shoes
Nike or Adidas
|
$72.53
CN¥527.71
|
$151.85
ISK21,065
|
|
| Men's business shoes (leather) |
$75.53
CN¥549.60
|
$194.16
ISK26,934
|
|
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