Cost of living comparison

 Colombo, Sri Lanka
compared to
 Reykjavik, Iceland
Reykjavik vs. Colombo Cost of Living Summary

Reykjavik is 4.9 times more expensive than Colombo.

Restaurants
pay 4.5 times more in Reykjavik
Groceries
pay 2.4 times more in Reykjavik
Transportation
pay 5.4 times more in Reykjavik
Housing
pay 5.5 times more in Reykjavik
Childcare
pay 9.5 times more in Reykjavik
Entertainment and Sports
pay 3.6 times more in Reykjavik
Clothing
pay 3.3 times more in Reykjavik

The cost of childcare, housing, transportation, restaurants, entertainment and sports, and clothing in Reykjavik are more expensive than in Colombo. Notably, childcare, housing, and transportation are significantly more expensive in Reykjavik.

Reykjavik vs. Colombo Cost Breakdown

If you lived in Reykjavik instead of Colombo, you would:

pay 4.5 times more for restaurants

 
Colombo
Reykjavik
Basic meal with drink at inexpensive restaurant $3.40
LKR1,005.33
$20.00
ISK2,825
Fast food combo meal
McDonalds, or similar
$7.48
LKR2,211.73
$18.02
ISK2,545
Bottle of Coca-Cola (11 fl. oz) $0.74
LKR218.66
$3.15
ISK445

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pay 2.4 times more for groceries

 
Colombo
Reykjavik
Bread
1 loaf
$0.57
LKR168.53
$3.61
ISK510
Local cheese (8 oz) $6.94
LKR2,052.02
$7.76
ISK1,096
Milk (1 gallon) $6.54
LKR1,934.77
$6.40
ISK905

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pay 5.4 times more for transportation

 
Colombo
Reykjavik
Gasoline (1 gallon) $4.84
LKR1,430.65
$8.50
ISK1,201
Monthly public transit pass $6.80
LKR2,010.66
$74.95
ISK10,587
New Volkswagen Golf 1.4 (standard edition) $35,303.89
LKR10,445,398.66
$42,450.45
ISK5,995,702

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pay 5.5 times more for housing

 
Colombo
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$16.40
LKR4,851.92
$69.87
ISK9,868
1-Bedroom apartment in downtown area $297.60
LKR88,050.32
$1,971.17
ISK278,408
1-Bedroom apartment outside city center $180.09
LKR53,282.49
$1,803.44
ISK254,718

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pay 9.5 times more for childcare

 
Colombo
Reykjavik
Private preschool for 1 child, monthly $28.60
LKR8,461.54
$252.14
ISK35,612
Middle school for 1 child, two semesters $586.98
LKR173,671.09
$5,993.99
ISK846,592

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pay 3.6 times more for entertainment and sports

 
Colombo
Reykjavik
Domestic/local beer (1 pint) $2.04
LKR603.20
$10.81
ISK1,527
Cappuccino in mid-range area $2.59
LKR766.48
$5.31
ISK749
Pack of cigarettes
Marlboro or similar
$9.34
LKR2,764.66
$12.25
ISK1,729

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pay 3.3 times more for clothing

 
Colombo
Reykjavik
Regular jeans
Levi's brand
$29.69
LKR8,784.59
$108.97
ISK15,391
Regular dress
from H&M or similar store
$22.31
LKR6,601.68
$49.72
ISK7,023
Running shoes
Nike or Adidas
$68.77
LKR20,347.04
$151.85
ISK21,448

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: January 2025
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See the cost of living in Sri Lanka vs. Iceland. This provides a comparison of the average cost of living from cities within Sri Lanka and Iceland.

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