Cost of living comparison
Reykjavik is 2.7 times more expensive than Managua.
If you lived in Reykjavik instead of Managua, you would:
pay 3.9 times more for restaurants
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.08
NIO150.58
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.00
NIO258.35
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.65
NIO24.10
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$0.67
NIO24.77
|
$2.19
ISK301
|
|
pay 2.1 times more for groceries
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.67
NIO61.58
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$2.35
NIO86.89
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$4.20
NIO154.93
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$1.94
NIO71.55
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$2.29
NIO84.65
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$2.50
NIO92.18
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$0.64
NIO23.47
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$1.44
NIO53.11
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$0.59
NIO21.69
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$1.38
NIO50.87
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$0.79
NIO29.32
|
$0.93
ISK129
|
|
pay 80.3% more for transportation
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.07
NIO187.04
|
$8.50
ISK1,170
|
|
| Monthly public transit pass | ?? |
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$22,000.00
NIO811,948.24
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$24.05
ISK3,311
|
|
pay 4.3 times more for housing
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$44.10
NIO1,627.65
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$250.00
NIO9,226.68
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$250.00
NIO9,226.68
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$75.78
NIO2,796.67
|
$53.95
ISK7,427
|
|
pay 62.8% more for childcare
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$125.56
NIO4,633.85
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$4,800.00
NIO177,152.34
|
$5,993.99
ISK825,073
|
|
pay 3.8 times more for entertainment and sports
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.36
NIO50.19
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$2.21
NIO81.72
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.66
NIO98.15
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$37.27
NIO1,375.51
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$7.30
NIO269.32
|
$14.77
ISK2,034
|
|
pay 25.3% more for clothing
|
Managua
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$74.93
NIO2,765.38
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$56.67
NIO2,091.38
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$109.40
NIO4,037.68
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$150.00
NIO5,536.01
|
$194.16
ISK26,726
|
|
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