Cost of living comparison

compared to

Reykjavik vs. Lima Cost of Living Summary

Reykjavik is 2.4 times more expensive than Lima.

Restaurants: pay 3.7 times more in Reykjavik
Groceries: pay 2.4 times more in Reykjavik
Transportation: pay 93.7% more in Reykjavik
Housing: pay 3.1 times more in Reykjavik
Childcare: pay 2.7% less in Reykjavik
Entertainment and Sports: pay 2.7 times more in Reykjavik
Clothing: pay 95.2% more in Reykjavik

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

Reykjavik vs. Lima Cost Breakdown

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

Display currency: USD

pay 3.7 times more for restaurants

	Lima	Reykjavik
Basic meal with drink at inexpensive restaurant	$5.23 PEN19.11	$20.00 ISK2,715	+282.7%
Fast food combo meal McDonalds, or similar	$6.10 PEN22.30	$18.02 ISK2,446	+195.6%
Bottle of Coca-Cola (11 fl. oz)	$0.83 PEN3.03	$3.15 ISK428	+280.8%
Bottle of water (11 fl. oz)	$0.51 PEN1.86	$2.19 ISK297	+329.5%
Average			+272.1%

Lima vs. Reykjavik - Cost of restaurants

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pay 2.4 times more for groceries

	Lima	Reykjavik
Bread 1 loaf	$2.42 PEN8.86	$3.61 ISK490	+49.0%
Local cheese (8 oz)	$4.22 PEN15.44	$7.76 ISK1,053	+83.8%
Milk (1 gallon)	$4.95 PEN18.12	$6.40 ISK869	+29.3%
Eggs 1 dozen	$2.70 PEN9.89	$5.76 ISK781	+112.8%
Boneless chicken breast (1 lb)	$2.25 PEN8.22	$9.45 ISK1,282	+320.4%
Apples (1 lb)	$0.87 PEN3.20	$1.40 ISK190	+60.3%
Bananas (1 lb)	$0.50 PEN1.84	$1.01 ISK137	+100.2%
Oranges (1 lb)	$0.48 PEN1.76	$1.22 ISK165	+153.2%
Tomatoes (1 lb)	$0.52 PEN1.91	$2.22 ISK302	+325.4%
Potatoes (1 lb)	$0.53 PEN1.95	$1.43 ISK195	+168.6%
Onions (1 lb)	$0.48 PEN1.74	$0.93 ISK127	+96.1%
Average			+136.3%

Lima vs. Reykjavik - Cost of groceries

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pay 93.7% more for transportation

	Lima	Reykjavik
Gasoline (1 gallon)	$5.39 PEN19.70	$8.50 ISK1,154	+57.9%
Monthly public transit pass	$23.85 PEN87.25	$74.95 ISK10,175	+214.2%
New Volkswagen Golf 1.4 (standard edition)	$23,163.52 PEN84,730.17	$42,450.45 ISK5,762,433	+83.3%
Taxi trip in downtown area (5 miles)	$20.14 PEN73.68	$24.05 ISK3,265	+19.4%
Average			+93.7%

Lima vs. Reykjavik - Cost of transportation

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pay 3.1 times more for housing

	Lima	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$26.56 PEN97.17	$69.87 ISK9,484	+163.0%
1-Bedroom apartment in downtown area	$575.58 PEN2,105.42	$1,971.17 ISK267,576	+242.5%
1-Bedroom apartment outside city center	$363.71 PEN1,330.40	$1,803.44 ISK244,808	+395.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$44.01 PEN160.97	$53.95 ISK7,324	+22.6%
Average			+206.0%

Lima vs. Reykjavik - Cost of housing

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pay 2.7% less for childcare

	Lima	Reykjavik
Private preschool for 1 child, monthly	$213.68 PEN781.62	$252.14 ISK34,227	+18.0%
Middle school for 1 child, two semesters	$7,818.35 PEN28,598.86	$5,993.99 ISK813,654	-23.3%
Average			-2.7%

Lima vs. Reykjavik - Cost of childcare

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pay 2.7 times more for entertainment and sports

	Lima	Reykjavik
Domestic/local beer (1 pint)	$2.12 PEN7.76	$10.81 ISK1,468	+409.9%
Cappuccino in mid-range area	$2.62 PEN9.58	$5.31 ISK720	+102.5%
Pack of cigarettes Marlboro or similar	$5.30 PEN19.39	$12.25 ISK1,662	+131.0%
Monthly membership at local gym	$30.52 PEN111.62	$69.95 ISK9,495	+129.2%
Movie ticket to theater/cinema	$7.95 PEN29.08	$14.77 ISK2,006	+85.8%
Average			+171.7%

Lima vs. Reykjavik - Cost of entertainment and sports

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pay 95.2% more for clothing

	Lima	Reykjavik
Regular jeans Levi's brand	$42.79 PEN156.53	$108.97 ISK14,792	+154.7%
Regular dress from H&M or similar store	$34.98 PEN127.96	$49.72 ISK6,749	+42.1%
Running shoes Nike or Adidas	$85.21 PEN311.68	$151.85 ISK20,613	+78.2%
Men's business shoes (leather)	$94.35 PEN345.13	$194.16 ISK26,356	+105.8%
Average			+95.2%

Lima 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: March 2025

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