Cost of living comparison
Reykjavik is 66.5% more expensive than Ferrara.
- Restaurants
-
pay 55.6% more in Reykjavik
- Groceries
-
pay 48.3% more in Reykjavik
- Transportation
-
pay 53.7% more in Reykjavik
- Housing
-
pay 2.4 times more in Reykjavik
- Childcare
-
pay 5.2% less in Reykjavik
- Entertainment and Sports
-
pay 2.2 times more in Reykjavik
- Clothing
-
pay 59.2% more in Reykjavik
The cost of housing, entertainment and sports, clothing, restaurants, transportation, and groceries in Reykjavik are more expensive than in Ferrara. Notably, housing and entertainment and sports are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Ferrara, you would:
pay 55.6% more for restaurants
|
Ferrara
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.15
€15.65
|
$20.00
ISK2,644
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.72
€9.78
|
$18.02
ISK2,382
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.36
€2.15
|
$3.15
ISK417
|
|
| Bottle of water (11 fl. oz) |
$1.07
€0.98
|
$2.19
ISK289
|
|
pay 48.3% more for groceries
|
Ferrara
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.26
€2.06
|
$3.61
ISK477
|
|
| Local cheese (8 oz) |
$5.93
€5.41
|
$7.76
ISK1,025
|
|
| Milk (1 gallon) |
$5.21
€4.75
|
$6.40
ISK847
|
|
|
Eggs
1 dozen
|
$3.52
€3.21
|
$5.76
ISK761
|
|
| Boneless chicken breast (1 lb) |
$4.67
€4.26
|
$9.45
ISK1,249
|
|
| Apples (1 lb) |
$0.73
€0.67
|
$1.40
ISK185
|
|
| Bananas (1 lb) |
$0.82
€0.75
|
$1.01
ISK133
|
|
| Oranges (1 lb) |
$1.21
€1.10
|
$1.22
ISK161
|
|
| Tomatoes (1 lb) |
$1.76
€1.61
|
$2.22
ISK294
|
|
| Potatoes (1 lb) |
$0.80
€0.73
|
$1.43
ISK190
|
|
| Onions (1 lb) |
$0.72
€0.66
|
$0.93
ISK123
|
|
pay 53.7% more for transportation
|
Ferrara
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.29
€6.66
|
$8.50
ISK1,124
|
|
| Monthly public transit pass |
$33.22
€30.32
|
$74.95
ISK9,908
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,832.30
€31,782.25
|
$42,450.45
ISK5,611,101
|
|
| Taxi trip in downtown area (5 miles) |
$15.97
€14.57
|
$24.05
ISK3,179
|
|
pay 2.4 times more for housing
|
Ferrara
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$28.84
€26.31
|
$69.87
ISK9,235
|
|
| 1-Bedroom apartment in downtown area |
$589.47
€537.85
|
$1,971.17
ISK260,549
|
|
| 1-Bedroom apartment outside city center |
$535.88
€488.96
|
$1,803.44
ISK238,379
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$133.87
€122.14
|
$53.95
ISK7,132
|
|
pay 5.2% less for childcare
|
Ferrara
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$578.75
€528.07
|
$252.14
ISK33,328
|
|
| Middle school for 1 child, two semesters |
$4,108.43
€3,748.68
|
$5,993.99
ISK792,286
|
|
pay 2.2 times more for entertainment and sports
|
Ferrara
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.36
€4.89
|
$10.81
ISK1,429
|
|
| Cappuccino in mid-range area |
$1.80
€1.65
|
$5.31
ISK701
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.43
€5.87
|
$12.25
ISK1,619
|
|
| Monthly membership at local gym |
$32.15
€29.34
|
$69.95
ISK9,246
|
|
| Movie ticket to theater/cinema |
$8.57
€7.82
|
$14.77
ISK1,953
|
|
pay 59.2% more for clothing
|
Ferrara
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$75.02
€68.45
|
$108.97
ISK14,404
|
|
|
Regular dress
from H&M or similar store
|
$35.73
€32.60
|
$49.72
ISK6,572
|
|
|
Running shoes
Nike or Adidas
|
$100.48
€91.68
|
$151.85
ISK20,072
|
|
| Men's business shoes (leather) |
$96.46
€88.01
|
$194.16
ISK25,664
|
|
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