Cost of living comparison
Reykjavik is 46.4% more expensive than Gibraltar.
- Restaurants
-
pay 30.0% more in Reykjavik
- Groceries
-
pay 28.1% more in Reykjavik
- Transportation
-
pay 3.2 times more in Reykjavik
- Housing
-
pay 5.3% more in Reykjavik
- Childcare
-
pay 65.3% less in Reykjavik
- Entertainment and Sports
-
pay 73.4% more in Reykjavik
- Clothing
-
pay 35.6% more in Reykjavik
The cost of transportation, entertainment and sports, clothing, restaurants, groceries, and housing in Reykjavik are more expensive than in Gibraltar. Notably, transportation is significantly more expensive in Reykjavik.
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
GIP15.35
|
$20.00
ISK2,545
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.98
GIP8.16
|
$18.02
ISK2,293
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.15
GIP1.60
|
$3.15
ISK401
|
|
| Bottle of water (11 fl. oz) |
$1.94
GIP1.44
|
$2.19
ISK278
|
|
pay 28.1% more for groceries
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.78
GIP1.32
|
$3.61
ISK459
|
|
| Local cheese (8 oz) |
$4.65
GIP3.45
|
$7.76
ISK987
|
|
| Milk (1 gallon) |
$8.40
GIP6.24
|
$6.40
ISK815
|
|
|
Eggs
1 dozen
|
$3.80
GIP2.82
|
$5.76
ISK733
|
|
| Boneless chicken breast (1 lb) |
$3.99
GIP2.96
|
$9.45
ISK1,202
|
|
| Apples (1 lb) |
$1.83
GIP1.36
|
$1.40
ISK178
|
|
| Bananas (1 lb) |
$1.61
GIP1.20
|
$1.01
ISK128
|
|
| Oranges (1 lb) |
$1.86
GIP1.38
|
$1.22
ISK155
|
|
| Tomatoes (1 lb) |
$1.76
GIP1.31
|
$2.22
ISK283
|
|
| Potatoes (1 lb) |
$1.05
GIP0.78
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$0.88
GIP0.66
|
$0.93
ISK119
|
|
pay 3.2 times more for transportation
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.96
GIP4.43
|
$8.50
ISK1,082
|
|
| Monthly public transit pass |
$8.33
GIP6.19
|
$74.95
ISK9,538
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,804.11
GIP23,628.29
|
$42,450.45
ISK5,401,820
|
|
| Taxi trip in downtown area (5 miles) |
$25.57
GIP19.00
|
$24.05
ISK3,060
|
|
pay 5.3% more for housing
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$54.78
GIP40.70
|
$69.87
ISK8,890
|
|
| 1-Bedroom apartment in downtown area |
$1,685.73
GIP1,252.38
|
$1,971.17
ISK250,832
|
|
| 1-Bedroom apartment outside city center |
$1,569.58
GIP1,166.09
|
$1,803.44
ISK229,488
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$87.28
GIP64.85
|
$53.95
ISK6,866
|
|
pay 65.3% less for childcare
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$825.15
GIP613.03
|
$252.14
ISK32,085
|
|
| Middle school for 1 child, two semesters |
$15,498.45
GIP11,514.29
|
$5,993.99
ISK762,736
|
|
pay 73.4% more for entertainment and sports
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.17
GIP3.84
|
$10.81
ISK1,376
|
|
| Cappuccino in mid-range area |
$3.14
GIP2.33
|
$5.31
ISK675
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.65
GIP3.45
|
$12.25
ISK1,558
|
|
| Monthly membership at local gym |
$76.95
GIP57.17
|
$69.95
ISK8,901
|
|
| Movie ticket to theater/cinema |
$10.98
GIP8.16
|
$14.77
ISK1,880
|
|
pay 35.6% more for clothing
|
Gibraltar
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$128.35
GIP95.35
|
$108.97
ISK13,867
|
|
|
Regular dress
from H&M or similar store
|
$42.78
GIP31.78
|
$49.72
ISK6,327
|
|
|
Running shoes
Nike or Adidas
|
$130.95
GIP97.29
|
$151.85
ISK19,323
|
|
| Men's business shoes (leather) |
$86.10
GIP63.97
|
$194.16
ISK24,707
|
|
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