Cost of living comparison
Reykjavik is 11.1% more expensive than Luxembourg.
If you lived in Reykjavik instead of Luxembourg, you would:
pay 6.1% less for restaurants
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.44
€20.33
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.86
€12.20
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.89
€3.69
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$3.59
€3.40
|
$2.19
ISK301
|
|
pay 20.9% more for groceries
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.19
€3.03
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$8.38
€7.95
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$5.80
€5.50
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$4.18
€3.96
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$5.36
€5.08
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$1.21
€1.15
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$0.91
€0.86
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$1.12
€1.07
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$1.85
€1.75
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$0.95
€0.90
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$1.00
€0.94
|
$0.93
ISK129
|
|
pay 23.9% more for transportation
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.12
€5.81
|
$8.50
ISK1,170
|
|
| Monthly public transit pass | ?? |
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,027.72
€25,632.06
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) |
$31.72
€30.09
|
$24.05
ISK3,311
|
|
pay 5.9% less for housing
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$51.67
€49.01
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$1,942.57
€1,842.26
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$1,630.61
€1,546.41
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$186.56
€176.93
|
$53.95
ISK7,427
|
|
pay 73.5% less for childcare
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,316.93
€1,248.93
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$17,684.09
€16,770.92
|
$5,993.99
ISK825,073
|
|
pay 44.4% more for entertainment and sports
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.23
€6.86
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$4.34
€4.12
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.16
€5.84
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$45.62
€43.26
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$15.00
€14.23
|
$14.77
ISK2,034
|
|
pay 74.3% more for clothing
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$64.15
€60.84
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$32.76
€31.07
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$82.52
€78.26
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$101.28
€96.05
|
$194.16
ISK26,726
|
|
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