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
GIP16.44
|
$20.00
ISK2,783
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.98
GIP8.74
|
$18.02
ISK2,507
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.15
GIP1.71
|
$3.15
ISK439
|
|
| Bottle of water (11 fl. oz) |
$1.94
GIP1.54
|
$2.19
ISK304
|
|
pay 28.1% more for groceries
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.78
GIP1.41
|
$3.61
ISK502
|
|
| Local cheese (8 oz) |
$4.65
GIP3.70
|
$7.76
ISK1,079
|
|
| Milk (1 gallon) |
$8.40
GIP6.68
|
$6.40
ISK891
|
|
|
Eggs
1 dozen
|
$3.80
GIP3.02
|
$5.76
ISK801
|
|
| Boneless chicken breast (1 lb) |
$3.99
GIP3.17
|
$9.45
ISK1,314
|
|
| Apples (1 lb) |
$1.83
GIP1.46
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$1.61
GIP1.28
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$1.86
GIP1.48
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$1.76
GIP1.40
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$1.05
GIP0.84
|
$1.43
ISK200
|
|
| Onions (1 lb) |
$0.88
GIP0.70
|
$0.93
ISK130
|
|
pay 3.2 times more for transportation
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.96
GIP4.74
|
$8.50
ISK1,183
|
|
| Monthly public transit pass |
$8.33
GIP6.63
|
$74.95
ISK10,428
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,804.11
GIP25,308.66
|
$42,450.45
ISK5,906,131
|
|
| Taxi trip in downtown area (5 miles) |
$25.57
GIP20.35
|
$24.05
ISK3,346
|
|
pay 5.3% more for housing
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$54.78
GIP43.59
|
$69.87
ISK9,720
|
|
| 1-Bedroom apartment in downtown area |
$1,685.73
GIP1,341.44
|
$1,971.17
ISK274,249
|
|
| 1-Bedroom apartment outside city center |
$1,569.58
GIP1,249.02
|
$1,803.44
ISK250,913
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$87.28
GIP69.46
|
$53.95
ISK7,507
|
|
pay 65.3% less for childcare
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$825.15
GIP656.63
|
$252.14
ISK35,080
|
|
| Middle school for 1 child, two semesters |
$15,498.45
GIP12,333.15
|
$5,993.99
ISK833,944
|
|
pay 73.4% more for entertainment and sports
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.17
GIP4.11
|
$10.81
ISK1,504
|
|
| Cappuccino in mid-range area |
$3.14
GIP2.50
|
$5.31
ISK738
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.65
GIP3.70
|
$12.25
ISK1,704
|
|
| Monthly membership at local gym |
$76.95
GIP61.24
|
$69.95
ISK9,732
|
|
| Movie ticket to theater/cinema |
$10.98
GIP8.74
|
$14.77
ISK2,056
|
|
pay 35.6% more for clothing
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$128.35
GIP102.13
|
$108.97
ISK15,161
|
|
|
Regular dress
from H&M or similar store
|
$42.78
GIP34.04
|
$49.72
ISK6,918
|
|
|
Running shoes
Nike or Adidas
|
$130.95
GIP104.20
|
$151.85
ISK21,127
|
|
| Men's business shoes (leather) |
$86.10
GIP68.52
|
$194.16
ISK27,013
|
|
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