Cost of living comparison
Reykjavik is 15.3% more expensive than Innsbruck.
- Restaurants
-
pay 16.2% more in Reykjavik
- Groceries
-
pay 19.9% more in Reykjavik
- Transportation
-
pay 21.5% more in Reykjavik
- Housing
-
pay 36.3% more in Reykjavik
- Childcare
-
pay 59.5% less in Reykjavik
- Entertainment and Sports
-
pay 58.0% more in Reykjavik
- Clothing
-
pay 14.6% more in Reykjavik
The cost of entertainment and sports, housing, transportation, groceries, restaurants, and clothing in Reykjavik are more expensive than in Innsbruck.
If you lived in Reykjavik instead of Innsbruck, you would:
pay 16.2% more for restaurants
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.13
€12.73
|
$20.00
ISK2,796
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.72
€10.39
|
$18.02
ISK2,519
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$4.29
€4.16
|
$3.15
ISK441
|
|
| Bottle of water (11 fl. oz) |
$3.09
€2.99
|
$2.19
ISK305
|
|
pay 19.9% more for groceries
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.88
€2.79
|
$3.61
ISK505
|
|
| Local cheese (8 oz) |
$9.91
€9.61
|
$7.76
ISK1,084
|
|
| Milk (1 gallon) |
$6.28
€6.09
|
$6.40
ISK895
|
|
|
Eggs
1 dozen
|
$4.81
€4.67
|
$5.76
ISK805
|
|
| Boneless chicken breast (1 lb) |
$5.47
€5.30
|
$9.45
ISK1,321
|
|
| Apples (1 lb) |
$1.26
€1.23
|
$1.40
ISK196
|
|
| Bananas (1 lb) |
$1.00
€0.97
|
$1.01
ISK141
|
|
| Oranges (1 lb) |
$1.12
€1.09
|
$1.22
ISK170
|
|
| Tomatoes (1 lb) |
$2.11
€2.04
|
$2.22
ISK311
|
|
| Potatoes (1 lb) |
$0.80
€0.78
|
$1.43
ISK201
|
|
| Onions (1 lb) |
$0.81
€0.78
|
$0.93
ISK131
|
|
pay 21.5% more for transportation
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.28
€6.09
|
$8.50
ISK1,188
|
|
| Monthly public transit pass |
$63.98
€62.05
|
$74.95
ISK10,477
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,937.60
€28,063.43
|
$42,450.45
ISK5,933,724
|
|
| Taxi trip in downtown area (5 miles) |
$27.71
€26.87
|
$24.05
ISK3,362
|
|
pay 36.3% more for housing
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$37.77
€36.63
|
$69.87
ISK9,766
|
|
| 1-Bedroom apartment in downtown area |
$1,214.66
€1,177.97
|
$1,971.17
ISK275,530
|
|
| 1-Bedroom apartment outside city center |
$1,014.01
€983.37
|
$1,803.44
ISK252,085
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$271.49
€263.29
|
$53.95
ISK7,542
|
|
pay 59.5% less for childcare
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$653.51
€633.77
|
$252.14
ISK35,244
|
|
| Middle school for 1 child, two semesters |
$14,183.00
€13,754.54
|
$5,993.99
ISK837,840
|
|
pay 58.0% more for entertainment and sports
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.82
€4.68
|
$10.81
ISK1,511
|
|
| Cappuccino in mid-range area |
$4.07
€3.95
|
$5.31
ISK742
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.97
€6.76
|
$12.25
ISK1,712
|
|
| Monthly membership at local gym |
$48.23
€46.77
|
$69.95
ISK9,777
|
|
| Movie ticket to theater/cinema |
$12.86
€12.47
|
$14.77
ISK2,065
|
|
pay 14.6% more for clothing
|
Innsbruck
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.64
€108.27
|
$108.97
ISK15,232
|
|
|
Regular dress
from H&M or similar store
|
$45.66
€44.28
|
$49.72
ISK6,950
|
|
|
Running shoes
Nike or Adidas
|
$113.37
€109.95
|
$151.85
ISK21,226
|
|
| Men's business shoes (leather) |
$164.84
€159.86
|
$194.16
ISK27,139
|
|
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