Cost of living comparison
Reykjavik is 46.4% more expensive than Gibraltar.
If you lived in Reykjavik instead of Gibraltar, you would:
pay 30.0% more for restaurants
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.66
GIP16.38
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.98
GIP8.70
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.15
GIP1.71
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$1.94
GIP1.54
|
$2.19
ISK301
|
|
pay 28.1% more for groceries
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.78
GIP1.41
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$4.65
GIP3.68
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$8.40
GIP6.66
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$3.80
GIP3.01
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$3.99
GIP3.16
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$1.83
GIP1.45
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$1.61
GIP1.28
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$1.86
GIP1.47
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$1.76
GIP1.39
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$1.05
GIP0.83
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$0.88
GIP0.70
|
$0.93
ISK129
|
|
pay 3.2 times more for transportation
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.96
GIP4.72
|
$8.50
ISK1,170
|
|
| Monthly public transit pass |
$8.33
GIP6.60
|
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,804.11
GIP25,205.36
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) |
$25.57
GIP20.27
|
$24.05
ISK3,311
|
|
pay 5.3% more for housing
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$54.78
GIP43.42
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$1,685.73
GIP1,335.97
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$1,569.58
GIP1,243.92
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$87.28
GIP69.17
|
$53.95
ISK7,427
|
|
pay 65.3% less for childcare
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$825.15
GIP653.95
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$15,498.45
GIP12,282.82
|
$5,993.99
ISK825,073
|
|
pay 73.4% more for entertainment and sports
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.17
GIP4.09
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$3.14
GIP2.49
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.65
GIP3.68
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$76.95
GIP60.99
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$10.98
GIP8.70
|
$14.77
ISK2,034
|
|
pay 35.6% more for clothing
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$128.35
GIP101.72
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$42.78
GIP33.91
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$130.95
GIP103.78
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$86.10
GIP68.24
|
$194.16
ISK26,726
|
|
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