Cost of living comparison
Reykjavik is 17.8% more expensive than Milan.
If you lived in Reykjavik instead of Milan, you would:
pay 22.6% more for restaurants
Milan
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$21.66
€19.52
|
$21.59
ISK2,962
|
|
Fast food combo meal
McDonalds, or similar
|
$10.83
€9.76
|
$17.27
ISK2,370
|
|
Bottle of Coca-Cola (11 fl. oz) |
$3.12
€2.82
|
$2.90
ISK398
|
|
Bottle of water (11 fl. oz) |
$1.50
€1.35
|
$2.07
ISK284
|
|
pay 27.0% more for groceries
Milan
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$2.64
€2.38
|
$3.68
ISK506
|
|
Local cheese (8 oz) |
$8.46
€7.63
|
$7.66
ISK1,051
|
|
Milk (1 gallon) |
$6.56
€5.91
|
$6.16
ISK846
|
|
Eggs
1 dozen
|
$4.15
€3.74
|
$5.91
ISK811
|
|
Boneless chicken breast (1 lb) |
$5.71
€5.15
|
$8.87
ISK1,218
|
|
Apples (1 lb) |
$1.11
€1.00
|
$1.53
ISK210
|
|
Bananas (1 lb) |
$0.95
€0.85
|
$0.97
ISK133
|
|
Oranges (1 lb) |
$1.20
€1.08
|
$1.26
ISK173
|
|
Tomatoes (1 lb) |
$1.62
€1.46
|
$2.23
ISK306
|
|
Potatoes (1 lb) |
$0.84
€0.76
|
$1.42
ISK194
|
|
Onions (1 lb) |
$0.81
€0.73
|
$1.01
ISK139
|
|
pay 25.2% more for transportation
Milan
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$7.67
€6.92
|
$8.57
ISK1,177
|
|
Monthly public transit pass |
$42.24
€38.06
|
$66.92
ISK9,184
|
|
New Volkswagen Golf 1.4 (standard edition) |
$30,323.64
€27,325.54
|
$41,660.67
ISK5,717,510
|
|
Taxi trip in downtown area (5 miles) |
$24.91
€22.45
|
$23.30
ISK3,197
|
|
pay 37.1% more for housing
Milan
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$29.17
€26.28
|
$68.45
ISK9,394
|
|
1-Bedroom apartment in downtown area |
$1,524.42
€1,373.70
|
$1,864.13
ISK255,834
|
|
1-Bedroom apartment outside city center |
$1,033.99
€931.76
|
$1,666.20
ISK228,669
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$212.15
€191.17
|
$64.43
ISK8,843
|
|
pay 65.0% less for childcare
Milan
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$855.31
€770.74
|
$240.37
ISK32,988
|
|
Middle school for 1 child, two semesters |
$14,265.21
€12,854.80
|
$5,984.07
ISK821,254
|
|
pay 63.7% more for entertainment and sports
Milan
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$6.50
€5.86
|
$10.79
ISK1,481
|
|
Cappuccino in mid-range area |
$2.10
€1.90
|
$5.09
ISK698
|
|
Pack of cigarettes
Marlboro or similar
|
$6.50
€5.86
|
$11.87
ISK1,629
|
|
Monthly membership at local gym |
$69.19
€62.35
|
$65.50
ISK8,990
|
|
Movie ticket to theater/cinema |
$10.83
€9.76
|
$14.39
ISK1,975
|
|
pay 14.3% more for clothing
Milan
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$102.28
€92.17
|
$103.94
ISK14,265
|
|
Regular dress
from H&M or similar store
|
$39.36
€35.47
|
$43.50
ISK5,969
|
|
Running shoes
Nike or Adidas
|
$106.96
€96.38
|
$141.47
ISK19,416
|
|
Men's business shoes (leather) |
$155.03
€139.71
|
$174.65
ISK23,969
|
|
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