Cost of living comparison
Reykjavik is 96.3% more expensive than Latvia overall.
- Restaurants
-
pay 2.2 times more in Reykjavik
- Groceries
-
pay 2.1 times more in Reykjavik
- Transportation
-
pay 86.7% more in Reykjavik
- Housing
-
pay 3.5 times more in Reykjavik
- Childcare
-
pay 48.1% less in Reykjavik
- Entertainment and Sports
-
pay 2.0 times more in Reykjavik
- Clothing
-
pay 49.6% more in Reykjavik
The cost of housing, restaurants, groceries, entertainment and sports, transportation, and clothing in Reykjavik are more expensive than in Latvia. Notably, housing, restaurants, and groceries are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Latvia, you would:
pay 2.2 times more for restaurants
|
Latvia
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.23
€9.40
|
$20.00
ISK2,664
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.08
€6.51
|
$18.02
ISK2,400
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.37
€1.26
|
$3.15
ISK420
|
|
| Bottle of water (11 fl. oz) |
$1.17
€1.07
|
$2.19
ISK291
|
|
pay 2.1 times more for groceries
|
Latvia
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.36
€1.25
|
$3.61
ISK481
|
|
| Local cheese (8 oz) |
$5.17
€4.76
|
$7.76
ISK1,033
|
|
| Milk (1 gallon) |
$4.66
€4.28
|
$6.40
ISK853
|
|
|
Eggs
1 dozen
|
$2.72
€2.50
|
$5.76
ISK767
|
|
| Boneless chicken breast (1 lb) |
$3.05
€2.81
|
$9.45
ISK1,258
|
|
| Apples (1 lb) |
$0.58
€0.54
|
$1.40
ISK187
|
|
| Bananas (1 lb) |
$0.77
€0.71
|
$1.01
ISK134
|
|
| Oranges (1 lb) |
$1.04
€0.96
|
$1.22
ISK162
|
|
| Tomatoes (1 lb) |
$1.39
€1.28
|
$2.22
ISK296
|
|
| Potatoes (1 lb) |
$0.38
€0.35
|
$1.43
ISK191
|
|
| Onions (1 lb) |
$0.37
€0.34
|
$0.93
ISK124
|
|
pay 86.7% more for transportation
|
Latvia
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.76
€6.21
|
$8.50
ISK1,132
|
|
| Monthly public transit pass |
$39.41
€36.24
|
$74.95
ISK9,984
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,606.21
€23,547.03
|
$42,450.45
ISK5,654,400
|
|
| Taxi trip in downtown area (5 miles) |
$9.07
€8.34
|
$24.05
ISK3,204
|
|
pay 3.5 times more for housing
|
Latvia
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$17.22
€15.84
|
$69.87
ISK9,306
|
|
| 1-Bedroom apartment in downtown area |
$467.65
€430.04
|
$1,971.17
ISK262,560
|
|
| 1-Bedroom apartment outside city center |
$322.68
€296.73
|
$1,803.44
ISK240,218
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$196.83
€181.00
|
$53.95
ISK7,187
|
|
pay 48.1% less for childcare
|
Latvia
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$427.69
€393.30
|
$252.14
ISK33,585
|
|
| Middle school for 1 child, two semesters |
$13,383.30
€12,307.05
|
$5,993.99
ISK798,400
|
|
pay 2.0 times more for entertainment and sports
|
Latvia
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.87
€3.56
|
$10.81
ISK1,440
|
|
| Cappuccino in mid-range area |
$3.06
€2.82
|
$5.31
ISK707
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.95
€4.55
|
$12.25
ISK1,631
|
|
| Monthly membership at local gym |
$42.71
€39.27
|
$69.95
ISK9,317
|
|
| Movie ticket to theater/cinema |
$10.00
€9.20
|
$14.77
ISK1,968
|
|
pay 49.6% more for clothing
|
Latvia
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$76.51
€70.35
|
$108.97
ISK14,515
|
|
|
Regular dress
from H&M or similar store
|
$43.17
€39.70
|
$49.72
ISK6,623
|
|
|
Running shoes
Nike or Adidas
|
$84.42
€77.63
|
$151.85
ISK20,227
|
|
| Men's business shoes (leather) |
$120.68
€110.97
|
$194.16
ISK25,862
|
|
Change currency:
Compare countries by overall cost of living
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Reykjavik or Latvia. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.