Cost of living comparison
Reykjavik is 2.7 times more expensive than Managua.
If you lived in Reykjavik instead of Managua, you would:
pay 3.4 times more for restaurants
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.91
NIO180.40
|
$21.59
ISK2,967
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.00
NIO220.50
|
$17.27
ISK2,374
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.75
NIO27.61
|
$2.90
ISK399
|
|
| Bottle of water (11 fl. oz) |
$0.88
NIO32.16
|
$2.07
ISK285
|
|
pay 2.0 times more for groceries
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.67
NIO61.31
|
$3.68
ISK506
|
|
| Local cheese (8 oz) |
$2.35
NIO86.52
|
$7.66
ISK1,052
|
|
| Milk (1 gallon) |
$4.05
NIO148.96
|
$6.16
ISK847
|
|
|
Eggs
1 dozen
|
$1.99
NIO73.09
|
$5.91
ISK813
|
|
| Boneless chicken breast (1 lb) |
$2.29
NIO84.29
|
$8.87
ISK1,220
|
|
| Apples (1 lb) |
$2.19
NIO80.64
|
$1.53
ISK210
|
|
| Bananas (1 lb) |
$0.72
NIO26.64
|
$0.97
ISK133
|
|
| Oranges (1 lb) |
$1.34
NIO49.15
|
$1.26
ISK173
|
|
| Tomatoes (1 lb) |
$0.69
NIO25.52
|
$2.23
ISK306
|
|
| Potatoes (1 lb) |
$1.38
NIO50.65
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$0.71
NIO26.13
|
$1.01
ISK139
|
|
pay 4.0 times more for transportation
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.07
NIO186.25
|
$8.57
ISK1,179
|
|
| Monthly public transit pass |
$10.00
NIO367.50
|
$66.92
ISK9,198
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$41,660.67
ISK5,726,259
|
|
| Taxi trip in downtown area (5 miles) |
$6.33
NIO232.52
|
$23.30
ISK3,202
|
|
pay 3.7 times more for housing
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$48.80
NIO1,793.50
|
$68.45
ISK9,408
|
|
| 1-Bedroom apartment in downtown area |
$325.00
NIO11,943.89
|
$1,864.13
ISK256,225
|
|
| 1-Bedroom apartment outside city center |
$250.00
NIO9,187.61
|
$1,666.20
ISK229,019
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$75.78
NIO2,784.83
|
$64.43
ISK8,856
|
|
pay 56.8% more for childcare
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$125.56
NIO4,614.22
|
$240.37
ISK33,039
|
|
| Middle school for 1 child, two semesters |
$4,900.00
NIO180,077.19
|
$5,984.07
ISK822,511
|
|
pay 3.4 times more for entertainment and sports
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.57
NIO57.53
|
$10.79
ISK1,483
|
|
| Cappuccino in mid-range area |
$2.17
NIO79.81
|
$5.09
ISK699
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.73
NIO100.22
|
$11.87
ISK1,632
|
|
| Monthly membership at local gym |
$53.52
NIO1,966.88
|
$65.50
ISK9,003
|
|
| Movie ticket to theater/cinema |
$6.80
NIO249.80
|
$14.39
ISK1,978
|
|
pay 18.2% more for clothing
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$65.00
NIO2,388.78
|
$103.94
ISK14,287
|
|
|
Regular dress
from H&M or similar store
|
$56.67
NIO2,082.53
|
$43.50
ISK5,978
|
|
|
Running shoes
Nike or Adidas
|
$146.67
NIO5,390.07
|
$141.47
ISK19,445
|
|
| Men's business shoes (leather) |
$125.00
NIO4,593.81
|
$174.65
ISK24,006
|
|
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