Cost of living comparison
Keflavik is 22.0% more expensive than Madrid.
- Restaurants
-
pay 22.4% more in Keflavik
- Groceries
-
pay 39.4% more in Keflavik
- Transportation
-
pay 48.1% more in Keflavik
- Housing
-
pay 2.2% more in Keflavik
- Childcare
-
pay 48.0% less in Keflavik
- Entertainment and Sports
-
pay 53.0% more in Keflavik
- Clothing
-
pay 36.9% more in Keflavik
The cost of entertainment and sports, transportation, groceries, clothing, restaurants, and housing in Keflavik are more expensive than in Madrid.
If you lived in Keflavik instead of Madrid, you would:
pay 22.4% more for restaurants
|
Madrid
|
Keflavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.08
€14.14
|
$20.00
ISK2,552
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.72
€9.42
|
$15.10
ISK1,927
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.79
€2.45
|
$2.88
ISK368
|
|
| Bottle of water (11 fl. oz) |
$1.80
€1.59
|
$2.19
ISK279
|
|
pay 39.4% more for groceries
|
Madrid
|
Keflavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.50
€1.32
|
$3.61
ISK461
|
|
| Local cheese (8 oz) |
$6.92
€6.09
|
$7.76
ISK990
|
|
| Milk (1 gallon) |
$4.41
€3.88
|
$6.40
ISK817
|
|
|
Eggs
1 dozen
|
$3.05
€2.68
|
$5.40
ISK689
|
|
| Boneless chicken breast (1 lb) |
$3.78
€3.33
|
$8.60
ISK1,097
|
|
| Apples (1 lb) |
$1.13
€0.99
|
$0.92
ISK117
|
|
| Bananas (1 lb) |
$0.87
€0.77
|
$0.92
ISK117
|
|
| Oranges (1 lb) |
$1.01
€0.88
|
$0.98
ISK125
|
|
| Tomatoes (1 lb) |
$1.05
€0.92
|
$1.50
ISK192
|
|
| Potatoes (1 lb) |
$0.83
€0.73
|
$1.08
ISK138
|
|
| Onions (1 lb) |
$0.82
€0.72
|
$0.60
ISK77
|
|
pay 48.1% more for transportation
|
Madrid
|
Keflavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.79
€5.97
|
$8.49
ISK1,083
|
|
| Monthly public transit pass |
$42.87
€37.70
|
$80.36
ISK10,255
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,759.38
€31,443.97
|
$42,450.45
ISK5,417,102
|
|
| Taxi trip in downtown area (5 miles) |
$14.90
€13.10
|
$24.05
ISK3,069
|
|
pay 2.2% more for housing
|
Madrid
|
Keflavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.85
€28.00
|
$64.86
ISK8,277
|
|
| 1-Bedroom apartment in downtown area |
$1,468.90
€1,291.63
|
$1,345.35
ISK171,680
|
|
| 1-Bedroom apartment outside city center |
$1,074.71
€945.02
|
$960.96
ISK122,628
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$130.03
€114.34
|
$31.23
ISK3,985
|
|
pay 48.0% less for childcare
|
Madrid
|
Keflavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$567.57
€499.07
|
$252.14
ISK32,176
|
|
| Middle school for 1 child, two semesters |
$10,069.47
€8,854.30
|
$5,993.99
ISK764,894
|
|
pay 53.0% more for entertainment and sports
|
Madrid
|
Keflavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.75
€3.30
|
$7.57
ISK966
|
|
| Cappuccino in mid-range area |
$2.59
€2.27
|
$3.57
ISK455
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.43
€5.65
|
$10.77
ISK1,375
|
|
| Monthly membership at local gym |
$43.11
€37.91
|
$57.66
ISK7,358
|
|
| Movie ticket to theater/cinema |
$10.72
€9.42
|
$13.33
ISK1,701
|
|
pay 36.9% more for clothing
|
Madrid
|
Keflavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$90.50
€79.58
|
$108.97
ISK13,906
|
|
|
Regular dress
from H&M or similar store
|
$37.21
€32.72
|
$49.72
ISK6,345
|
|
|
Running shoes
Nike or Adidas
|
$97.88
€86.07
|
$151.85
ISK19,378
|
|
| Men's business shoes (leather) |
$121.40
€106.75
|
$168.17
ISK21,460
|
|
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