Cost of living comparison

Lima, Peru

compared to

Keflavik, Iceland

Keflavik vs. Lima Cost of Living Summary

Keflavik is 2.1 times more expensive than Lima.

Restaurants: pay 3.5 times more in Keflavik
Groceries: pay 95.5% more in Keflavik
Transportation: pay 99.3% more in Keflavik
Housing: pay 2.0 times more in Keflavik
Childcare: pay 2.7% less in Keflavik
Entertainment and Sports: pay 2.1 times more in Keflavik
Clothing: pay 88.3% more in Keflavik

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

Keflavik vs. Lima Cost Breakdown

If you lived in Keflavik instead of Lima, you would:

Display currency: USD

pay 3.5 times more for restaurants

	Lima	Keflavik
Basic meal with drink at inexpensive restaurant	$5.23 PEN18.95	$20.00 ISK2,527	+282.7%
Fast food combo meal McDonalds, or similar	$6.10 PEN22.10	$15.10 ISK1,908	+147.7%
Bottle of Coca-Cola (11 fl. oz)	$0.83 PEN3.00	$2.88 ISK364	+248.1%
Bottle of water (11 fl. oz)	$0.51 PEN1.84	$2.19 ISK276	+329.5%
Average			+252.0%

Lima vs. Keflavik - Cost of restaurants

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pay 95.5% more for groceries

	Lima	Keflavik
Bread 1 loaf	$2.42 PEN8.79	$3.61 ISK456	+49.0%
Local cheese (8 oz)	$4.22 PEN15.30	$7.76 ISK980	+83.8%
Milk (1 gallon)	$4.95 PEN17.96	$6.40 ISK809	+29.3%
Eggs 1 dozen	$2.70 PEN9.81	$5.40 ISK683	+99.7%
Boneless chicken breast (1 lb)	$2.25 PEN8.15	$8.60 ISK1,087	+282.6%
Apples (1 lb)	$0.87 PEN3.17	$0.92 ISK116	+4.6%
Bananas (1 lb)	$0.50 PEN1.83	$0.92 ISK116	+81.6%
Oranges (1 lb)	$0.48 PEN1.74	$0.98 ISK124	+104.0%
Tomatoes (1 lb)	$0.52 PEN1.90	$1.50 ISK190	+187.6%
Potatoes (1 lb)	$0.53 PEN1.94	$1.08 ISK136	+102.0%
Onions (1 lb)	$0.48 PEN1.73	$0.60 ISK76	+26.3%
Average			+95.5%

Lima vs. Keflavik - Cost of groceries

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pay 99.3% more for transportation

	Lima	Keflavik
Gasoline (1 gallon)	$5.39 PEN19.53	$8.49 ISK1,073	+57.7%
Monthly public transit pass	$23.85 PEN86.48	$80.36 ISK10,155	+236.9%
New Volkswagen Golf 1.4 (standard edition)	$23,163.52 PEN83,982.27	$42,450.45 ISK5,364,463	+83.3%
Taxi trip in downtown area (5 miles)	$20.14 PEN73.03	$24.05 ISK3,039	+19.4%
Average			+99.3%

Lima vs. Keflavik - Cost of transportation

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pay 2.0 times more for housing

	Lima	Keflavik
Internet connection 50 mbps or faster, cable/dsl	$26.56 PEN96.31	$64.86 ISK8,197	+144.2%
1-Bedroom apartment in downtown area	$575.58 PEN2,086.84	$1,345.35 ISK170,011	+133.7%
1-Bedroom apartment outside city center	$363.71 PEN1,318.66	$960.96 ISK121,437	+164.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$44.01 PEN159.55	$31.23 ISK3,947	-29.0%
Average			+103.3%

Lima vs. Keflavik - Cost of housing

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pay 2.7% less for childcare

	Lima	Keflavik
Private preschool for 1 child, monthly	$213.68 PEN774.72	$252.14 ISK31,863	+18.0%
Middle school for 1 child, two semesters	$7,818.35 PEN28,346.42	$5,993.99 ISK757,461	-23.3%
Average			-2.7%

Lima vs. Keflavik - Cost of childcare

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pay 2.1 times more for entertainment and sports

	Lima	Keflavik
Domestic/local beer (1 pint)	$2.12 PEN7.69	$7.57 ISK956	+256.9%
Cappuccino in mid-range area	$2.62 PEN9.50	$3.57 ISK451	+36.2%
Pack of cigarettes Marlboro or similar	$5.30 PEN19.22	$10.77 ISK1,361	+103.2%
Monthly membership at local gym	$30.52 PEN110.64	$57.66 ISK7,286	+88.9%
Movie ticket to theater/cinema	$7.95 PEN28.83	$13.33 ISK1,685	+67.7%
Average			+110.6%

Lima vs. Keflavik - Cost of entertainment and sports

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pay 88.3% more for clothing

	Lima	Keflavik
Regular jeans Levi's brand	$42.79 PEN155.15	$108.97 ISK13,771	+154.7%
Regular dress from H&M or similar store	$34.98 PEN126.83	$49.72 ISK6,283	+42.1%
Running shoes Nike or Adidas	$85.21 PEN308.93	$151.85 ISK19,190	+78.2%
Men's business shoes (leather)	$94.35 PEN342.08	$168.17 ISK21,251	+78.2%
Average			+88.3%

Lima vs. Keflavik - 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: June 2025

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