Cost of living comparison

 Hong Kong, Hong Kong
compared to
 Keflavik, Iceland
Keflavik vs. Hong Kong Cost of Living Summary

Keflavik is 14.9% more expensive than Hong Kong.

Restaurants
pay 2.3 times more in Keflavik
Groceries
pay 4.5% less in Keflavik
Transportation
pay 22.4% more in Keflavik
Housing
pay 9.9% more in Keflavik
Childcare
pay 73.7% less in Keflavik
Entertainment and Sports
pay 16.2% less in Keflavik
Clothing
pay 38.7% more in Keflavik

The cost of restaurants, clothing, transportation, and housing in Keflavik are more expensive than in Hong Kong. Expenses including childcare, entertainment and sports, and groceries are lower in Keflavik. Notably, restaurants is significantly more expensive in Keflavik.

Keflavik vs. Hong Kong Cost Breakdown

If you lived in Keflavik instead of Hong Kong, you would:

pay 2.3 times more for restaurants

 
Hong Kong
Keflavik
Basic meal with drink at inexpensive restaurant $7.72
HK$60.50
$20.00
ISK2,545
Fast food combo meal
McDonalds, or similar
$6.33
HK$49.66
$15.10
ISK1,921
Bottle of Coca-Cola (11 fl. oz) $1.35
HK$10.56
$2.88
ISK367

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pay 4.5% less for groceries

 
Hong Kong
Keflavik
Bread
1 loaf
$2.40
HK$18.83
$3.61
ISK459
Local cheese (8 oz) $13.58
HK$106.48
$7.76
ISK987
Milk (1 gallon) $12.17
HK$95.42
$6.40
ISK815

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pay 22.4% more for transportation

 
Hong Kong
Keflavik
Gasoline (1 gallon) $11.42
HK$89.57
$8.49
ISK1,080
Monthly public transit pass $64.30
HK$504.20
$80.36
ISK10,226
New Volkswagen Golf 1.4 (standard edition) $34,067.68
HK$267,126.36
$42,450.45
ISK5,401,820

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pay 9.9% more for housing

 
Hong Kong
Keflavik
Internet connection
50 mbps or faster, cable/dsl
$21.69
HK$170.10
$64.86
ISK8,254
1-Bedroom apartment in downtown area $2,183.24
HK$17,118.87
$1,345.35
ISK171,195
1-Bedroom apartment outside city center $1,543.27
HK$12,100.85
$960.96
ISK122,282

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pay 73.7% less for childcare

 
Hong Kong
Keflavik
Private preschool for 1 child, monthly $1,002.59
HK$7,861.35
$252.14
ISK32,085
Middle school for 1 child, two semesters $21,790.97
HK$170,864.06
$5,993.99
ISK762,736

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pay 16.2% less for entertainment and sports

 
Hong Kong
Keflavik
Domestic/local beer (1 pint) $7.72
HK$60.50
$7.57
ISK963
Cappuccino in mid-range area $5.30
HK$41.58
$3.57
ISK454
Pack of cigarettes
Marlboro or similar
$13.12
HK$102.86
$10.77
ISK1,371

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pay 38.7% more for clothing

 
Hong Kong
Keflavik
Regular jeans
Levi's brand
$72.66
HK$569.71
$108.97
ISK13,867
Regular dress
from H&M or similar store
$40.59
HK$318.25
$49.72
ISK6,327
Running shoes
Nike or Adidas
$92.45
HK$724.94
$151.85
ISK19,323

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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: June 2025
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