Cost of living comparison

compared to

Reykjavik vs. Hong Kong Cost of Living Summary

Reykjavik is 27.8% more expensive than Hong Kong overall.

Restaurants: pay 2.4 times more in Reykjavik
Groceries: pay 12.7% more in Reykjavik
Transportation: pay 20.3% more in Reykjavik
Housing: pay 39.5% more in Reykjavik
Childcare: pay 73.7% less in Reykjavik
Entertainment and Sports: pay 7.6% more in Reykjavik
Clothing: pay 43.3% more in Reykjavik

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

Reykjavik vs. Hong Kong Cost Breakdown

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

Display currency: USD

pay 2.4 times more for restaurants

	Hong Kong	Reykjavik
Basic meal with drink at inexpensive restaurant	$7.72 HK$60.02	$20.00 ISK2,796	+159.2%
Fast food combo meal McDonalds, or similar	$6.33 HK$49.27	$18.02 ISK2,519	+184.5%
Bottle of Coca-Cola (11 fl. oz)	$1.35 HK$10.47	$3.15 ISK441	+134.3%
Bottle of water (11 fl. oz)	$1.09 HK$8.49	$2.19 ISK305	+100.3%
Average			+144.6%

Hong Kong vs. Reykjavik - Cost of restaurants

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pay 12.7% more for groceries

	Hong Kong	Reykjavik
Bread 1 loaf	$2.40 HK$18.68	$3.61 ISK505	+50.4%
Local cheese (8 oz)	$13.58 HK$105.63	$7.76 ISK1,084	-42.9%
Milk (1 gallon)	$12.17 HK$94.66	$6.40 ISK895	-47.4%
Eggs 1 dozen	$3.59 HK$27.95	$5.76 ISK805	+60.2%
Boneless chicken breast (1 lb)	$4.30 HK$33.45	$9.45 ISK1,321	+119.7%
Apples (1 lb)	$1.62 HK$12.58	$1.40 ISK196	-13.3%
Bananas (1 lb)	$1.19 HK$9.23	$1.01 ISK141	-14.9%
Oranges (1 lb)	$1.61 HK$12.51	$1.22 ISK170	-24.3%
Tomatoes (1 lb)	$1.51 HK$11.74	$2.22 ISK311	+47.4%
Potatoes (1 lb)	$1.16 HK$9.05	$1.43 ISK201	+23.3%
Onions (1 lb)	$1.14 HK$8.89	$0.93 ISK131	-18.3%
Average			+12.7%

Hong Kong vs. Reykjavik - Cost of groceries

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pay 20.3% more for transportation

	Hong Kong	Reykjavik
Gasoline (1 gallon)	$11.42 HK$88.85	$8.50 ISK1,188	-25.6%
Monthly public transit pass	$64.30 HK$500.18	$74.95 ISK10,477	+16.6%
New Volkswagen Golf 1.4 (standard edition)	$34,067.68 HK$264,995.42	$42,450.45 ISK5,933,724	+24.6%
Taxi trip in downtown area (5 miles)	$14.53 HK$112.99	$24.05 ISK3,362	+65.6%
Average			+20.3%

Hong Kong vs. Reykjavik - Cost of transportation

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pay 39.5% more for housing

	Hong Kong	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$21.69 HK$168.75	$69.87 ISK9,766	+222.0%
1-Bedroom apartment in downtown area	$2,183.24 HK$16,982.31	$1,971.17 ISK275,530	-9.7%
1-Bedroom apartment outside city center	$1,543.27 HK$12,004.32	$1,803.44 ISK252,085	+16.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$187.23 HK$1,456.41	$53.95 ISK7,542	-71.2%
Average			+39.5%

Hong Kong vs. Reykjavik - Cost of housing

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pay 73.7% less for childcare

	Hong Kong	Reykjavik
Private preschool for 1 child, monthly	$1,002.59 HK$7,798.64	$252.14 ISK35,244	-74.9%
Middle school for 1 child, two semesters	$21,790.97 HK$169,501.04	$5,993.99 ISK837,840	-72.5%
Average			-73.7%

Hong Kong vs. Reykjavik - Cost of childcare

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pay 7.6% more for entertainment and sports

	Hong Kong	Reykjavik
Domestic/local beer (1 pint)	$7.72 HK$60.02	$10.81 ISK1,511	+40.1%
Cappuccino in mid-range area	$5.30 HK$41.25	$5.31 ISK742
Pack of cigarettes Marlboro or similar	$13.12 HK$102.04	$12.25 ISK1,712	-6.7%
Monthly membership at local gym	$85.27 HK$663.30	$69.95 ISK9,777	-18.0%
Movie ticket to theater/cinema	$12.86 HK$100.04	$14.77 ISK2,065	+14.9%
Average			+7.6%

Hong Kong vs. Reykjavik - Cost of entertainment and sports

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pay 43.3% more for clothing

	Hong Kong	Reykjavik
Regular jeans Levi's brand	$72.66 HK$565.17	$108.97 ISK15,232	+50.0%
Regular dress from H&M or similar store	$40.59 HK$315.71	$49.72 ISK6,950	+22.5%
Running shoes Nike or Adidas	$92.45 HK$719.16	$151.85 ISK21,226	+64.2%
Men's business shoes (leather)	$142.24 HK$1,106.40	$194.16 ISK27,139	+36.5%
Average			+43.3%

Hong Kong vs. Reykjavik - Cost of clothing

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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: January 2025

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