Cost of living comparison

 Helsinki, Finland
compared to
 Reykjavik, Iceland
Reykjavik vs. Helsinki Cost of Living Summary

Reykjavik is 29.3% more expensive than Helsinki.

Restaurants
pay 16.8% more in Reykjavik
Groceries
pay 48.7% more in Reykjavik
Transportation
pay 19.3% more in Reykjavik
Housing
pay 87.4% more in Reykjavik
Childcare
pay 34.2% less in Reykjavik
Entertainment and Sports
pay 14.5% more in Reykjavik
Clothing
pay 52.4% more in Reykjavik

The cost of housing, clothing, groceries, transportation, restaurants, and entertainment and sports in Reykjavik are more expensive than in Helsinki. Notably, housing is significantly more expensive in Reykjavik.

Reykjavik vs. Helsinki Cost Breakdown

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

pay 16.8% more for restaurants

 
Helsinki
Reykjavik
Basic meal with drink at inexpensive restaurant $18.76
€16.53
$20.00
ISK2,545
Fast food combo meal
McDonalds, or similar
$11.79
€10.39
$18.02
ISK2,293
Bottle of Coca-Cola (11 fl. oz) $3.14
€2.77
$3.15
ISK401

Improve prices ·

pay 48.7% more for groceries

 
Helsinki
Reykjavik
Bread
1 loaf
$2.89
€2.54
$3.61
ISK459
Local cheese (8 oz) $4.13
€3.64
$7.76
ISK987
Milk (1 gallon) $5.15
€4.54
$6.40
ISK815

Improve prices ·

pay 19.3% more for transportation

 
Helsinki
Reykjavik
Gasoline (1 gallon) $7.50
€6.61
$8.50
ISK1,082
Monthly public transit pass $71.38
€62.90
$74.95
ISK9,538
New Volkswagen Golf 1.4 (standard edition) $34,296.42
€30,223.38
$42,450.45
ISK5,401,820

Improve prices ·

pay 87.4% more for housing

 
Helsinki
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$22.48
€19.81
$69.87
ISK8,890
1-Bedroom apartment in downtown area $1,111.66
€979.64
$1,971.17
ISK250,832
1-Bedroom apartment outside city center $870.64
€767.24
$1,803.44
ISK229,488

Improve prices ·

pay 34.2% less for childcare

 
Helsinki
Reykjavik
Private preschool for 1 child, monthly $338.03
€297.89
$252.14
ISK32,085
Middle school for 1 child, two semesters $10,508.28
€9,260.32
$5,993.99
ISK762,736

Improve prices ·

pay 14.5% more for entertainment and sports

 
Helsinki
Reykjavik
Domestic/local beer (1 pint) $8.57
€7.56
$10.81
ISK1,376
Cappuccino in mid-range area $4.76
€4.20
$5.31
ISK675
Pack of cigarettes
Marlboro or similar
$11.36
€10.01
$12.25
ISK1,558

Improve prices ·

pay 52.4% more for clothing

 
Helsinki
Reykjavik
Regular jeans
Levi's brand
$100.00
€88.12
$108.97
ISK13,867
Regular dress
from H&M or similar store
$31.76
€27.99
$49.72
ISK6,327
Running shoes
Nike or Adidas
$89.57
€78.93
$151.85
ISK19,323

Improve prices ·
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: June 2025
Share this

Compare countries by overall cost of living

See the cost of living in Finland vs. Iceland. This provides a comparison of the average cost of living from cities within Finland and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Reykjavik or Helsinki. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.