Cost of living comparison
Reykjavik is 10.7% more expensive than Luxembourg overall.
- Restaurants
-
pay 4.9% more in Reykjavik
- Groceries
-
pay 18.4% more in Reykjavik
- Transportation
-
pay 20.6% more in Reykjavik
- Housing
-
pay 6.3% less in Reykjavik
- Childcare
-
pay 71.8% less in Reykjavik
- Entertainment and Sports
-
pay 68.7% more in Reykjavik
- Clothing
-
pay 40.5% more in Reykjavik
The cost of entertainment and sports, clothing, transportation, groceries, and restaurants in Reykjavik are more expensive than in Luxembourg. Expenses including childcare and housing are lower in Reykjavik.
If you lived in Reykjavik instead of Luxembourg, you would:
pay 4.9% more for restaurants
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.85
€18.28
|
$20.00
ISK2,796
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.97
€12.58
|
$18.02
ISK2,519
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
€3.02
|
$3.15
ISK441
|
|
| Bottle of water (11 fl. oz) |
$2.98
€2.89
|
$2.19
ISK305
|
|
pay 18.4% more for groceries
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.15
€3.05
|
$3.61
ISK505
|
|
| Local cheese (8 oz) |
$9.88
€9.59
|
$7.76
ISK1,084
|
|
| Milk (1 gallon) |
$4.86
€4.71
|
$6.40
ISK895
|
|
|
Eggs
1 dozen
|
$4.25
€4.12
|
$5.76
ISK805
|
|
| Boneless chicken breast (1 lb) |
$7.68
€7.45
|
$9.45
ISK1,321
|
|
| Apples (1 lb) |
$1.19
€1.15
|
$1.40
ISK196
|
|
| Bananas (1 lb) |
$0.80
€0.78
|
$1.01
ISK141
|
|
| Oranges (1 lb) |
$1.18
€1.14
|
$1.22
ISK170
|
|
| Tomatoes (1 lb) |
$1.72
€1.67
|
$2.22
ISK311
|
|
| Potatoes (1 lb) |
$0.99
€0.96
|
$1.43
ISK201
|
|
| Onions (1 lb) |
$0.96
€0.93
|
$0.93
ISK131
|
|
pay 20.6% more for transportation
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.37
€6.17
|
$8.50
ISK1,188
|
|
| Monthly public transit pass | ?? |
$74.95
ISK10,477
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,949.84
€26,135.71
|
$42,450.45
ISK5,933,724
|
|
| Taxi trip in downtown area (5 miles) |
$34.01
€32.98
|
$24.05
ISK3,362
|
|
pay 6.3% less for housing
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$54.60
€52.95
|
$69.87
ISK9,766
|
|
| 1-Bedroom apartment in downtown area |
$1,768.97
€1,715.53
|
$1,971.17
ISK275,530
|
|
| 1-Bedroom apartment outside city center |
$1,639.77
€1,590.23
|
$1,803.44
ISK252,085
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$211.55
€205.16
|
$53.95
ISK7,542
|
|
pay 71.8% less for childcare
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,523.51
€1,477.49
|
$252.14
ISK35,244
|
|
| Middle school for 1 child, two semesters |
$15,004.68
€14,551.41
|
$5,993.99
ISK837,840
|
|
pay 68.7% more for entertainment and sports
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.20
€5.04
|
$10.81
ISK1,511
|
|
| Cappuccino in mid-range area |
$4.33
€4.20
|
$5.31
ISK742
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.16
€5.98
|
$12.25
ISK1,712
|
|
| Monthly membership at local gym |
$33.59
€32.58
|
$69.95
ISK9,777
|
|
| Movie ticket to theater/cinema |
$13.93
€13.51
|
$14.77
ISK2,065
|
|
pay 40.5% more for clothing
|
Luxembourg
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$81.75
€79.28
|
$108.97
ISK15,232
|
|
|
Regular dress
from H&M or similar store
|
$41.83
€40.57
|
$49.72
ISK6,950
|
|
|
Running shoes
Nike or Adidas
|
$96.18
€93.28
|
$151.85
ISK21,226
|
|
| Men's business shoes (leather) |
$127.67
€123.81
|
$194.16
ISK27,139
|
|
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