Cost of living comparison
Reykjavik is 21.9% more expensive than Milan.
- Restaurants
-
pay 27.3% more in Reykjavik
- Groceries
-
pay 24.0% more in Reykjavik
- Transportation
-
pay 27.9% more in Reykjavik
- Housing
-
pay 43.9% more in Reykjavik
- Childcare
-
pay 64.8% less in Reykjavik
- Entertainment and Sports
-
pay 69.8% more in Reykjavik
- Clothing
-
pay 25.4% more in Reykjavik
The cost of entertainment and sports, housing, transportation, restaurants, clothing, and groceries in Reykjavik are more expensive than in Milan.
If you lived in Reykjavik instead of Milan, you would:
pay 27.3% more for restaurants
|
Milan
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.44
€19.64
|
$20.00
ISK2,689
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.25
€10.31
|
$18.02
ISK2,423
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.02
€2.76
|
$3.15
ISK424
|
|
| Bottle of water (11 fl. oz) |
$1.45
€1.32
|
$2.19
ISK294
|
|
pay 24.0% more for groceries
|
Milan
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.72
€2.49
|
$3.61
ISK485
|
|
| Local cheese (8 oz) |
$8.45
€7.74
|
$7.76
ISK1,043
|
|
| Milk (1 gallon) |
$6.45
€5.91
|
$6.40
ISK861
|
|
|
Eggs
1 dozen
|
$4.12
€3.78
|
$5.76
ISK774
|
|
| Boneless chicken breast (1 lb) |
$5.49
€5.03
|
$9.45
ISK1,270
|
|
| Apples (1 lb) |
$1.17
€1.07
|
$1.40
ISK189
|
|
| Bananas (1 lb) |
$0.92
€0.84
|
$1.01
ISK136
|
|
| Oranges (1 lb) |
$1.27
€1.16
|
$1.22
ISK164
|
|
| Tomatoes (1 lb) |
$1.66
€1.52
|
$2.22
ISK299
|
|
| Potatoes (1 lb) |
$0.89
€0.82
|
$1.43
ISK193
|
|
| Onions (1 lb) |
$0.86
€0.79
|
$0.93
ISK126
|
|
pay 27.9% more for transportation
|
Milan
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.39
€6.77
|
$8.50
ISK1,143
|
|
| Monthly public transit pass |
$41.80
€38.29
|
$74.95
ISK10,078
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,617.01
€28,962.61
|
$42,450.45
ISK5,707,888
|
|
| Taxi trip in downtown area (5 miles) |
$28.94
€26.51
|
$24.05
ISK3,234
|
|
pay 43.9% more for housing
|
Milan
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$28.94
€26.51
|
$69.87
ISK9,394
|
|
| 1-Bedroom apartment in downtown area |
$1,508.32
€1,381.69
|
$1,971.17
ISK265,044
|
|
| 1-Bedroom apartment outside city center |
$1,044.15
€956.49
|
$1,803.44
ISK242,491
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$175.12
€160.42
|
$53.95
ISK7,255
|
|
pay 64.8% less for childcare
|
Milan
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$797.61
€730.64
|
$252.14
ISK33,903
|
|
| Middle school for 1 child, two semesters |
$15,486.35
€14,186.20
|
$5,993.99
ISK805,952
|
|
pay 69.8% more for entertainment and sports
|
Milan
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.43
€5.89
|
$10.81
ISK1,454
|
|
| Cappuccino in mid-range area |
$2.06
€1.88
|
$5.31
ISK713
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.43
€5.89
|
$12.25
ISK1,646
|
|
| Monthly membership at local gym |
$73.90
€67.69
|
$69.95
ISK9,405
|
|
| Movie ticket to theater/cinema |
$10.72
€9.82
|
$14.77
ISK1,987
|
|
pay 25.4% more for clothing
|
Milan
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$105.07
€96.25
|
$108.97
ISK14,652
|
|
|
Regular dress
from H&M or similar store
|
$40.41
€37.01
|
$49.72
ISK6,685
|
|
|
Running shoes
Nike or Adidas
|
$103.43
€94.74
|
$151.85
ISK20,418
|
|
| Men's business shoes (leather) |
$151.78
€139.04
|
$194.16
ISK26,106
|
|
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