Cost of living comparison

Islamabad, Pakistan

compared to

Reykjavik, Iceland

Reykjavik vs. Islamabad Cost of Living Summary

Reykjavik is 5.3 times more expensive than Islamabad.

Restaurants: pay 8.3 times more in Reykjavik
Groceries: pay 4.4 times more in Reykjavik
Transportation: pay 5.2 times more in Reykjavik
Housing: pay 8.5 times more in Reykjavik
Childcare: pay 3.0 times more in Reykjavik
Entertainment and Sports: pay 4.2 times more in Reykjavik
Clothing: pay 3.6 times more in Reykjavik

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

Reykjavik vs. Islamabad Cost Breakdown

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

Display currency: USD

pay 8.3 times more for restaurants

	Islamabad	Reykjavik
Basic meal with drink at inexpensive restaurant	$1.79 PKR501.59	$20.00 ISK2,632	+1017.3%
Fast food combo meal McDonalds, or similar	$4.30 PKR1,203.83	$18.02 ISK2,371	+319.4%
Bottle of Coca-Cola (11 fl. oz)	$0.35 PKR99.18	$3.15 ISK415	+791.1%
Bottle of water (11 fl. oz)	$0.24 PKR67.82	$2.19 ISK288	+803.0%
Average			+732.7%

Islamabad vs. Reykjavik - Cost of restaurants

Improve prices · Change currency (USD)

pay 4.4 times more for groceries

	Islamabad	Reykjavik
Bread 1 loaf	$0.68 PKR190.02	$3.61 ISK475	+432.5%
Local cheese (8 oz)	$2.96 PKR829.49	$7.76 ISK1,021	+162.1%
Milk (1 gallon)	$3.31 PKR928.60	$6.40 ISK843	+93.3%
Eggs 1 dozen	$1.25 PKR350.32	$5.76 ISK757	+360.5%
Boneless chicken breast (1 lb)	$1.64 PKR459.87	$9.45 ISK1,243	+475.7%
Apples (1 lb)	$0.48 PKR135.15	$1.40 ISK185	+190.8%
Bananas (1 lb)	$0.38 PKR107.26	$1.01 ISK133	+163.6%
Oranges (1 lb)	$0.37 PKR104.12	$1.22 ISK160	+227.6%
Tomatoes (1 lb)	$0.26 PKR73.12	$2.22 ISK293	+752.5%
Potatoes (1 lb)	$0.19 PKR52.85	$1.43 ISK189	+660.7%
Onions (1 lb)	$0.25 PKR70.26	$0.93 ISK123	+272.5%
Average			+344.7%

Islamabad vs. Reykjavik - Cost of groceries

Improve prices · Change currency (USD)

pay 5.2 times more for transportation

	Islamabad	Reykjavik
Gasoline (1 gallon)	$3.81 PKR1,066.70	$8.50 ISK1,119	+123.3%
Monthly public transit pass	$6.80 PKR1,906.06	$74.95 ISK9,863	+1002.0%
New Volkswagen Golf 1.4 (standard edition)	$21,479.46 PKR6,019,126.70	$42,450.45 ISK5,585,630	+97.6%
Taxi trip in downtown area (5 miles)	$4.27 PKR1,197.81	$24.05 ISK3,165	+462.7%
Average			+421.4%

Islamabad vs. Reykjavik - Cost of transportation

Improve prices · Change currency (USD)

pay 8.5 times more for housing

	Islamabad	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$18.16 PKR5,087.60	$69.87 ISK9,193	+284.8%
1-Bedroom apartment in downtown area	$174.15 PKR48,802.14	$1,971.17 ISK259,367	+1031.9%
1-Bedroom apartment outside city center	$99.01 PKR27,744.41	$1,803.44 ISK237,297	+1721.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$84.99 PKR23,815.54	$53.95 ISK7,099	-36.5%
Average			+750.4%

Islamabad vs. Reykjavik - Cost of housing

Improve prices · Change currency (USD)

pay 3.0 times more for childcare

	Islamabad	Reykjavik
Private preschool for 1 child, monthly	$60.17 PKR16,861.27	$252.14 ISK33,177	+319.0%
Middle school for 1 child, two semesters	$3,142.14 PKR880,512.25	$5,993.99 ISK788,690	+90.8%
Average			+204.9%

Islamabad vs. Reykjavik - Cost of childcare

Improve prices · Change currency (USD)

pay 4.2 times more for entertainment and sports

	Islamabad	Reykjavik
Domestic/local beer (1 pint)	$1.79 PKR501.59	$10.81 ISK1,422	+504.0%
Cappuccino in mid-range area	$1.97 PKR551.28	$5.31 ISK698	+169.7%
Pack of cigarettes Marlboro or similar	$2.15 PKR601.91	$12.25 ISK1,611	+470.1%
Monthly membership at local gym	$23.01 PKR6,449.06	$69.95 ISK9,204	+203.9%
Movie ticket to theater/cinema	$4.30 PKR1,203.83	$14.77 ISK1,944	+243.9%
Average			+318.3%

Islamabad vs. Reykjavik - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 3.6 times more for clothing

	Islamabad	Reykjavik
Regular jeans Levi's brand	$19.06 PKR5,340.50	$108.97 ISK14,339	+471.8%
Regular dress from H&M or similar store	$26.18 PKR7,335.81	$49.72 ISK6,542	+89.9%
Running shoes Nike or Adidas	$83.29 PKR23,340.84	$151.85 ISK19,981	+82.3%
Men's business shoes (leather)	$38.79 PKR10,870.79	$194.16 ISK25,547	+400.5%
Average			+261.1%

Islamabad vs. Reykjavik - Cost of clothing

Improve prices · Change currency (USD)

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: March 2025

More cost comparisons

Islamabad vs.

Rome

Islamabad vs.

Beijing

Islamabad vs.

Hanoi

Islamabad vs.

Singapore

Islamabad vs.

Kiev

Islamabad vs.

Berlin

Islamabad vs.

Algiers

Islamabad vs.

Bangkok

Share this

Compare countries by overall cost of living

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

Add prices for Islamabad

Add prices for Reykjavik

ASK THE ELSEWHERE COMMUNITY

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

Ask a question about Islamabad

Ask a question about Reykjavik