Cost of living comparison
Reykjavik is 80.1% more expensive than Faro.
- Restaurants
-
pay 83.1% more in Reykjavik
- Groceries
-
pay 91.6% more in Reykjavik
- Transportation
-
pay 76.2% more in Reykjavik
- Housing
-
pay 67.8% more in Reykjavik
- Childcare
-
pay 45.9% less in Reykjavik
- Entertainment and Sports
-
pay 2.7 times more in Reykjavik
- Clothing
-
pay 2.2 times more in Reykjavik
The cost of entertainment and sports, clothing, groceries, restaurants, transportation, and housing in Reykjavik are more expensive than in Faro. Notably, entertainment and sports, clothing, and groceries are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Faro, you would:
pay 83.1% more for restaurants
Faro
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$12.86
€10.92
|
$20.00
ISK2,419
|
|
Fast food combo meal
McDonalds, or similar
|
$8.57
€7.28
|
$18.02
ISK2,179
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.80
€1.52
|
$3.15
ISK381
|
|
Bottle of water (11 fl. oz) |
$1.14
€0.97
|
$2.19
ISK264
|
|
pay 91.6% more for groceries
Faro
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$1.83
€1.55
|
$3.61
ISK437
|
|
Local cheese (8 oz) |
$6.63
€5.63
|
$7.76
ISK938
|
|
Milk (1 gallon) |
$3.90
€3.31
|
$6.40
ISK774
|
|
Eggs
1 dozen
|
$2.78
€2.36
|
$5.76
ISK696
|
|
Boneless chicken breast (1 lb) |
$2.69
€2.28
|
$9.45
ISK1,142
|
|
Apples (1 lb) |
$1.06
€0.90
|
$1.40
ISK170
|
|
Bananas (1 lb) |
$0.55
€0.46
|
$1.01
ISK122
|
|
Oranges (1 lb) |
$0.61
€0.52
|
$1.22
ISK147
|
|
Tomatoes (1 lb) |
$1.00
€0.85
|
$2.22
ISK269
|
|
Potatoes (1 lb) |
$0.63
€0.53
|
$1.43
ISK173
|
|
Onions (1 lb) |
$0.92
€0.78
|
$0.93
ISK113
|
|
pay 76.2% more for transportation
Faro
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.84
€5.81
|
$8.50
ISK1,028
|
|
Monthly public transit pass |
$30.01
€25.48
|
$74.95
ISK9,064
|
|
New Volkswagen Golf 1.4 (standard edition) |
$32,167.90
€27,310.29
|
$42,450.45
ISK5,133,533
|
|
Taxi trip in downtown area (5 miles) |
$12.11
€10.28
|
$24.05
ISK2,908
|
|
pay 67.8% more for housing
Faro
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$35.37
€30.03
|
$69.87
ISK8,449
|
|
1-Bedroom apartment in downtown area |
$1,053.90
€894.75
|
$1,971.17
ISK238,374
|
|
1-Bedroom apartment outside city center |
$768.10
€652.11
|
$1,803.44
ISK218,090
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$103.81
€88.14
|
$53.95
ISK6,525
|
|
pay 45.9% less for childcare
Faro
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$446.12
€378.75
|
$252.14
ISK30,491
|
|
Middle school for 1 child, two semesters |
$11,575.04
€9,827.12
|
$5,993.99
ISK724,854
|
|
pay 2.7 times more for entertainment and sports
Faro
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.14
€1.82
|
$10.81
ISK1,307
|
|
Cappuccino in mid-range area |
$2.32
€1.97
|
$5.31
ISK642
|
|
Pack of cigarettes
Marlboro or similar
|
$5.89
€5.00
|
$12.25
ISK1,481
|
|
Monthly membership at local gym |
$35.01
€29.72
|
$69.95
ISK8,459
|
|
Movie ticket to theater/cinema |
$7.50
€6.37
|
$14.77
ISK1,787
|
|
pay 2.2 times more for clothing
Faro
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$48.22
€40.94
|
$108.97
ISK13,178
|
|
Regular dress
from H&M or similar store
|
$36.17
€30.71
|
$49.72
ISK6,013
|
|
Running shoes
Nike or Adidas
|
$66.09
€56.11
|
$151.85
ISK18,364
|
|
Men's business shoes (leather) |
$66.99
€56.87
|
$194.16
ISK23,480
|
|
Change currency:
Compare countries by overall cost of living
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Reykjavik or Faro. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.