Cost of living comparison

 Hamburg, Germany
compared to
 Reykjavik, Iceland
Reykjavik vs. Hamburg Cost of Living Summary
Reykjavik vs. Hamburg Cost Breakdown

If you lived in Reykjavik instead of Hamburg, you would:

pay 17.4% more for restaurants

 
Hamburg
Reykjavik
Basic meal with drink at inexpensive restaurant $16.08
€14.15
$20.00
ISK2,569
Fast food combo meal
McDonalds, or similar
$10.72
€9.44
$18.02
ISK2,314
Bottle of Coca-Cola (11 fl. oz) $3.12
€2.75
$3.15
ISK405

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pay 35.5% more for groceries

 
Hamburg
Reykjavik
Bread
1 loaf
$2.08
€1.84
$3.61
ISK464
Local cheese (8 oz) $6.62
€5.82
$7.76
ISK996
Milk (1 gallon) $4.63
€4.08
$6.40
ISK822

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pay 19.8% more for transportation

 
Hamburg
Reykjavik
Gasoline (1 gallon) $7.34
€6.46
$8.50
ISK1,092
Monthly public transit pass $52.52
€46.24
$74.95
ISK9,626
New Volkswagen Golf 1.4 (standard edition) $30,845.34
€27,157.38
$42,450.45
ISK5,451,803

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pay 39.2% more for housing

 
Hamburg
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$43.81
€38.57
$69.87
ISK8,973
1-Bedroom apartment in downtown area $1,166.50
€1,027.03
$1,971.17
ISK253,152
1-Bedroom apartment outside city center $864.08
€760.77
$1,803.44
ISK231,611

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pay 28.4% less for childcare

 
Hamburg
Reykjavik
Private preschool for 1 child, monthly $211.49
€186.21
$252.14
ISK32,382
Middle school for 1 child, two semesters $24,918.49
€21,939.16
$5,993.99
ISK769,793

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pay 42.1% more for entertainment and sports

 
Hamburg
Reykjavik
Domestic/local beer (1 pint) $5.36
€4.72
$10.81
ISK1,388
Cappuccino in mid-range area $4.26
€3.75
$5.31
ISK681
Pack of cigarettes
Marlboro or similar
$8.79
€7.74
$12.25
ISK1,573

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pay 28.6% more for clothing

 
Hamburg
Reykjavik
Regular jeans
Levi's brand
$80.38
€70.77
$108.97
ISK13,995
Regular dress
from H&M or similar store
$49.80
€43.84
$49.72
ISK6,386
Running shoes
Nike or Adidas
$99.04
€87.20
$151.85
ISK19,502

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: April 2025
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See the cost of living in Germany vs. Iceland. This provides a comparison of the average cost of living from cities within Germany and Iceland.

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