Cost of living comparison
Reykjavik is 35.2% more expensive than Germany overall.
- Restaurants
-
pay 30.6% more in Reykjavik
- Groceries
-
pay 45.2% more in Reykjavik
- Transportation
-
pay 28.4% more in Reykjavik
- Housing
-
pay 76.5% more in Reykjavik
- Childcare
-
pay 48.1% less in Reykjavik
- Entertainment and Sports
-
pay 69.4% more in Reykjavik
- Clothing
-
pay 44.3% more in Reykjavik
The cost of housing, entertainment and sports, groceries, clothing, restaurants, and transportation in Reykjavik are more expensive than in Germany. Notably, housing is significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Germany, you would:
pay 30.6% more for restaurants
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$14.04
€12.58
|
$20.00
ISK2,614
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.20
€9.14
|
$18.02
ISK2,355
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.80
€2.51
|
$3.15
ISK412
|
|
| Bottle of water (11 fl. oz) |
$2.41
€2.16
|
$2.19
ISK286
|
|
pay 45.2% more for groceries
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.03
€1.82
|
$3.61
ISK472
|
|
| Local cheese (8 oz) |
$6.71
€6.01
|
$7.76
ISK1,014
|
|
| Milk (1 gallon) |
$4.38
€3.92
|
$6.40
ISK837
|
|
|
Eggs
1 dozen
|
$3.41
€3.05
|
$5.76
ISK752
|
|
| Boneless chicken breast (1 lb) |
$6.24
€5.59
|
$9.45
ISK1,235
|
|
| Apples (1 lb) |
$1.28
€1.14
|
$1.40
ISK183
|
|
| Bananas (1 lb) |
$0.70
€0.63
|
$1.01
ISK132
|
|
| Oranges (1 lb) |
$0.97
€0.87
|
$1.22
ISK159
|
|
| Tomatoes (1 lb) |
$2.10
€1.88
|
$2.22
ISK291
|
|
| Potatoes (1 lb) |
$0.66
€0.59
|
$1.43
ISK187
|
|
| Onions (1 lb) |
$0.69
€0.62
|
$0.93
ISK122
|
|
pay 28.4% more for transportation
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.07
€6.34
|
$8.50
ISK1,111
|
|
| Monthly public transit pass |
$52.96
€47.44
|
$74.95
ISK9,796
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,807.86
€25,808.70
|
$42,450.45
ISK5,547,849
|
|
| Taxi trip in downtown area (5 miles) |
$23.02
€20.62
|
$24.05
ISK3,143
|
|
pay 76.5% more for housing
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$48.22
€43.20
|
$69.87
ISK9,131
|
|
| 1-Bedroom apartment in downtown area |
$790.39
€708.11
|
$1,971.17
ISK257,612
|
|
| 1-Bedroom apartment outside city center |
$625.27
€560.18
|
$1,803.44
ISK235,692
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$230.06
€206.11
|
$53.95
ISK7,051
|
|
pay 48.1% less for childcare
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$458.39
€410.67
|
$252.14
ISK32,952
|
|
| Middle school for 1 child, two semesters |
$12,308.95
€11,027.47
|
$5,993.99
ISK783,355
|
|
pay 69.4% more for entertainment and sports
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.42
€3.96
|
$10.81
ISK1,413
|
|
| Cappuccino in mid-range area |
$3.49
€3.12
|
$5.31
ISK693
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.74
€7.83
|
$12.25
ISK1,600
|
|
| Monthly membership at local gym |
$36.01
€32.26
|
$69.95
ISK9,141
|
|
| Movie ticket to theater/cinema |
$12.80
€11.47
|
$14.77
ISK1,931
|
|
pay 44.3% more for clothing
|
Germany
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$82.34
€73.77
|
$108.97
ISK14,242
|
|
|
Regular dress
from H&M or similar store
|
$40.78
€36.53
|
$49.72
ISK6,498
|
|
|
Running shoes
Nike or Adidas
|
$91.59
€82.06
|
$151.85
ISK19,846
|
|
| Men's business shoes (leather) |
$123.43
€110.58
|
$194.16
ISK25,374
|
|
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