Cost of living comparison

Managua, Nicaragua

compared to

Reykjavik, Iceland

Reykjavik vs. Managua Cost of Living Summary

Reykjavik is 2.7 times more expensive than Managua.

Restaurants: pay 3.9 times more in Reykjavik
Groceries: pay 2.1 times more in Reykjavik
Transportation: pay 80.3% more in Reykjavik
Housing: pay 4.3 times more in Reykjavik
Childcare: pay 62.8% more in Reykjavik
Entertainment and Sports: pay 3.8 times more in Reykjavik
Clothing: pay 25.3% more in Reykjavik

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

Reykjavik vs. Managua Cost Breakdown

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

Display currency: USD

pay 3.9 times more for restaurants

	Managua	Reykjavik
Basic meal with drink at inexpensive restaurant	$4.08 NIO149.79	$20.00 ISK2,689	+390.2%
Fast food combo meal McDonalds, or similar	$7.00 NIO256.99	$18.02 ISK2,423	+157.4%
Bottle of Coca-Cola (11 fl. oz)	$0.65 NIO23.98	$3.15 ISK424	+382.9%
Bottle of water (11 fl. oz)	$0.67 NIO24.64	$2.19 ISK294	+225.6%
Average			+289.0%

Managua vs. Reykjavik - Cost of restaurants

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pay 2.1 times more for groceries

	Managua	Reykjavik
Bread 1 loaf	$1.67 NIO61.25	$3.61 ISK485	+116.4%
Local cheese (8 oz)	$2.35 NIO86.43	$7.76 ISK1,043	+229.5%
Milk (1 gallon)	$4.20 NIO154.12	$6.40 ISK861	+52.6%
Eggs 1 dozen	$1.94 NIO71.18	$5.76 ISK774	+196.9%
Boneless chicken breast (1 lb)	$2.29 NIO84.20	$9.45 ISK1,270	+311.9%
Apples (1 lb)	$2.50 NIO91.70	$1.40 ISK189	-43.9%
Bananas (1 lb)	$0.64 NIO23.35	$1.01 ISK136	+58.6%
Oranges (1 lb)	$1.44 NIO52.84	$1.22 ISK164	-15.4%
Tomatoes (1 lb)	$0.59 NIO21.58	$2.22 ISK299	+278.4%
Potatoes (1 lb)	$1.38 NIO50.60	$1.43 ISK193	+4.1%
Onions (1 lb)	$0.79 NIO29.16	$0.93 ISK126	+17.6%
Average			+109.7%

Managua vs. Reykjavik - Cost of groceries

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pay 80.3% more for transportation

	Managua	Reykjavik
Gasoline (1 gallon)	$5.07 NIO186.06	$8.50 ISK1,143	+67.7%
Monthly public transit pass	??	$74.95 ISK10,078
New Volkswagen Golf 1.4 (standard edition)	$22,000.00 NIO807,690.55	$42,450.45 ISK5,707,888	+93.0%
Taxi trip in downtown area (5 miles)	??	$24.05 ISK3,234
Average			+80.3%

Managua vs. Reykjavik - Cost of transportation

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pay 4.3 times more for housing

	Managua	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$44.10 NIO1,619.11	$69.87 ISK9,394	+58.4%
1-Bedroom apartment in downtown area	$250.00 NIO9,178.30	$1,971.17 ISK265,044	+688.5%
1-Bedroom apartment outside city center	$250.00 NIO9,178.30	$1,803.44 ISK242,491	+621.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$75.78 NIO2,782.00	$53.95 ISK7,255	-28.8%
Average			+334.9%

Managua vs. Reykjavik - Cost of housing

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pay 62.8% more for childcare

	Managua	Reykjavik
Private preschool for 1 child, monthly	$125.56 NIO4,609.55	$252.14 ISK33,903	+100.8%
Middle school for 1 child, two semesters	$4,800.00 NIO176,223.39	$5,993.99 ISK805,952	+24.9%
Average			+62.8%

Managua vs. Reykjavik - Cost of childcare

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pay 3.8 times more for entertainment and sports

	Managua	Reykjavik
Domestic/local beer (1 pint)	$1.36 NIO49.93	$10.81 ISK1,454	+694.9%
Cappuccino in mid-range area	$2.21 NIO81.29	$5.31 ISK713	+139.6%
Pack of cigarettes Marlboro or similar	$2.66 NIO97.63	$12.25 ISK1,646	+360.5%
Monthly membership at local gym	$37.27 NIO1,368.29	$69.95 ISK9,405	+87.7%
Movie ticket to theater/cinema	$7.30 NIO267.91	$14.77 ISK1,987	+102.5%
Average			+277.0%

Managua vs. Reykjavik - Cost of entertainment and sports

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pay 25.3% more for clothing

	Managua	Reykjavik
Regular jeans Levi's brand	$74.93 NIO2,750.88	$108.97 ISK14,652	+45.4%
Regular dress from H&M or similar store	$56.67 NIO2,080.42	$49.72 ISK6,685	-12.3%
Running shoes Nike or Adidas	$109.40 NIO4,016.51	$151.85 ISK20,418	+38.8%
Men's business shoes (leather)	$150.00 NIO5,506.98	$194.16 ISK26,106	+29.4%
Average			+25.3%

Managua 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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