Cost of living comparison
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.
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
€16.24
|
$20.00
ISK2,493
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.79
€10.21
|
$18.02
ISK2,246
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.14
€2.72
|
$3.15
ISK393
|
|
| Bottle of water (11 fl. oz) |
$2.03
€1.76
|
$2.19
ISK272
|
|
pay 48.7% more for groceries
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.89
€2.50
|
$3.61
ISK450
|
|
| Local cheese (8 oz) |
$4.13
€3.58
|
$7.76
ISK967
|
|
| Milk (1 gallon) |
$5.15
€4.46
|
$6.40
ISK798
|
|
|
Eggs
1 dozen
|
$3.08
€2.67
|
$5.76
ISK718
|
|
| Boneless chicken breast (1 lb) |
$6.00
€5.19
|
$9.45
ISK1,178
|
|
| Apples (1 lb) |
$1.11
€0.96
|
$1.40
ISK175
|
|
| Bananas (1 lb) |
$0.85
€0.74
|
$1.01
ISK126
|
|
| Oranges (1 lb) |
$1.03
€0.89
|
$1.22
ISK152
|
|
| Tomatoes (1 lb) |
$1.70
€1.47
|
$2.22
ISK277
|
|
| Potatoes (1 lb) |
$0.57
€0.49
|
$1.43
ISK179
|
|
| Onions (1 lb) |
$0.86
€0.74
|
$0.93
ISK116
|
|
pay 19.3% more for transportation
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.50
€6.50
|
$8.50
ISK1,060
|
|
| Monthly public transit pass |
$71.38
€61.80
|
$74.95
ISK9,343
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,296.42
€29,695.14
|
$42,450.45
ISK5,291,449
|
|
| Taxi trip in downtown area (5 miles) |
$17.79
€15.40
|
$24.05
ISK2,998
|
|
pay 87.4% more for housing
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$22.48
€19.46
|
$69.87
ISK8,709
|
|
| 1-Bedroom apartment in downtown area |
$1,111.66
€962.51
|
$1,971.17
ISK245,706
|
|
| 1-Bedroom apartment outside city center |
$870.64
€753.83
|
$1,803.44
ISK224,799
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$99.35
€86.02
|
$53.95
ISK6,725
|
|
pay 34.2% less for childcare
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$338.03
€292.68
|
$252.14
ISK31,429
|
|
| Middle school for 1 child, two semesters |
$10,508.28
€9,098.47
|
$5,993.99
ISK747,151
|
|
pay 14.5% more for entertainment and sports
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.57
€7.42
|
$10.81
ISK1,348
|
|
| Cappuccino in mid-range area |
$4.76
€4.13
|
$5.31
ISK661
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.36
€9.84
|
$12.25
ISK1,526
|
|
| Monthly membership at local gym |
$47.76
€41.36
|
$69.95
ISK8,719
|
|
| Movie ticket to theater/cinema |
$18.22
€15.78
|
$14.77
ISK1,842
|
|
pay 52.4% more for clothing
|
Helsinki
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$100.00
€86.58
|
$108.97
ISK13,583
|
|
|
Regular dress
from H&M or similar store
|
$31.76
€27.50
|
$49.72
ISK6,198
|
|
|
Running shoes
Nike or Adidas
|
$89.57
€77.55
|
$151.85
ISK18,929
|
|
| Men's business shoes (leather) |
$111.24
€96.32
|
$194.16
ISK24,202
|
|
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