Cost of living comparison
Reykjavik is 71.9% more expensive than Majuro.
- Restaurants
-
pay 53.7% more in Reykjavik
- Groceries
-
pay 24.2% less in Reykjavik
- Transportation
-
pay 73.4% more in Reykjavik
- Housing
-
pay 48.2% more in Reykjavik
- Childcare
-
pay 68.0% more in Reykjavik
- Entertainment and Sports
-
pay 2.1 times more in Reykjavik
- Clothing
-
pay 2.8 times more in Reykjavik
The cost of clothing, entertainment and sports, transportation, childcare, restaurants, and housing in Reykjavik are more expensive than in Majuro. Notably, clothing and entertainment and sports are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Majuro, you would:
pay 53.7% more for restaurants
|
Majuro
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
|
$20.00
ISK2,557
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.00
|
$18.02
ISK2,304
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.83
|
$3.15
ISK403
|
|
| Bottle of water (11 fl. oz) |
$1.50
|
$2.19
ISK279
|
|
pay 24.2% less for groceries
|
Majuro
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.40
|
$3.61
ISK462
|
|
| Local cheese (8 oz) |
$14.57
|
$7.76
ISK992
|
|
| Milk (1 gallon) |
$8.52
|
$6.40
ISK819
|
|
|
Eggs
1 dozen
|
$4.04
|
$5.76
ISK736
|
|
| Boneless chicken breast (1 lb) |
$4.99
|
$9.45
ISK1,208
|
|
| Apples (1 lb) |
$1.99
|
$1.40
ISK179
|
|
| Bananas (1 lb) |
$3.29
|
$1.01
ISK129
|
|
| Oranges (1 lb) |
$3.95
|
$1.22
ISK156
|
|
| Tomatoes (1 lb) |
$5.79
|
$2.22
ISK284
|
|
| Potatoes (1 lb) |
$2.39
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$2.49
|
$0.93
ISK119
|
|
pay 73.4% more for transportation
|
Majuro
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.81
|
$8.50
ISK1,087
|
|
| Monthly public transit pass | ?? |
$74.95
ISK9,583
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,500.00
|
$42,450.45
ISK5,427,290
|
|
| Taxi trip in downtown area (5 miles) |
$14.50
|
$24.05
ISK3,075
|
|
pay 48.2% more for housing
|
Majuro
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$76.67
|
$69.87
ISK8,932
|
|
| 1-Bedroom apartment in downtown area |
$766.67
|
$1,971.17
ISK252,014
|
|
| 1-Bedroom apartment outside city center |
$833.33
|
$1,803.44
ISK230,570
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$191.13
|
$53.95
ISK6,898
|
|
pay 68.0% more for childcare
|
Majuro
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$150.00
|
$252.14
ISK32,236
|
|
| Middle school for 1 child, two semesters |
$3,570.00
|
$5,993.99
ISK766,332
|
|
pay 2.1 times more for entertainment and sports
|
Majuro
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.00
|
$10.81
ISK1,382
|
|
| Cappuccino in mid-range area |
$3.75
|
$5.31
ISK678
|
|
|
Pack of cigarettes
Marlboro or similar
|
?? |
$12.25
ISK1,566
|
|
| Monthly membership at local gym |
$33.33
|
$69.95
ISK8,943
|
|
| Movie ticket to theater/cinema | ?? |
$14.77
ISK1,889
|
|
pay 2.8 times more for clothing
|
Majuro
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$57.50
|
$108.97
ISK13,932
|
|
|
Regular dress
from H&M or similar store
|
$40.00
|
$49.72
ISK6,357
|
|
|
Running shoes
Nike or Adidas
|
$35.00
|
$151.85
ISK19,415
|
|
| Men's business shoes (leather) |
$54.00
|
$194.16
ISK24,823
|
|
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