Cost of living comparison

 Monaco, Monaco
compared to
 Reykjavik, Iceland
Reykjavik vs. Monaco Cost of Living Summary

Reykjavik is 21.0% cheaper than Monaco.

Restaurants
pay 14.9% less in Reykjavik
Groceries
pay 8.4% more in Reykjavik
Transportation
pay 56.8% more in Reykjavik
Housing
pay 52.5% less in Reykjavik
Childcare
pay 87.0% less in Reykjavik
Entertainment and Sports
pay 14.8% less in Reykjavik
Clothing
pay 42.8% less in Reykjavik

The cost of transportation and groceries in Reykjavik are more expensive than in Monaco. Expenses including childcare, housing, clothing, restaurants, and entertainment and sports are lower in Reykjavik.

Reykjavik vs. Monaco Cost Breakdown

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

pay 14.9% less for restaurants

 
Monaco
Reykjavik
Basic meal with drink at inexpensive restaurant $20.90
€17.74
$20.00
ISK2,419
Fast food combo meal
McDonalds, or similar
$12.33
€10.46
$18.02
ISK2,179
Bottle of Coca-Cola (11 fl. oz) $4.67
€3.97
$3.15
ISK381

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pay 8.4% more for groceries

 
Monaco
Reykjavik
Bread
1 loaf
$6.56
€5.57
$3.61
ISK437
Local cheese (8 oz) $8.04
€6.82
$7.76
ISK938
Milk (1 gallon) $7.10
€6.03
$6.40
ISK774

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pay 56.8% more for transportation

 
Monaco
Reykjavik
Gasoline (1 gallon) $8.55
€7.26
$8.50
ISK1,028
Monthly public transit pass $23.58
€20.02
$74.95
ISK9,064
New Volkswagen Golf 1.4 (standard edition) $46,276.05
€39,288.00
$42,450.45
ISK5,133,533

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pay 52.5% less for housing

 
Monaco
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$61.09
€51.87
$69.87
ISK8,449
1-Bedroom apartment in downtown area $8,084.96
€6,864.07
$1,971.17
ISK238,374
1-Bedroom apartment outside city center $6,430.58
€5,459.51
$1,803.44
ISK218,090

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pay 87.0% less for childcare

 
Monaco
Reykjavik
Private preschool for 1 child, monthly $2,089.94
€1,774.34
$252.14
ISK30,491
Middle school for 1 child, two semesters $42,736.55
€36,282.99
$5,993.99
ISK724,854

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pay 14.8% less for entertainment and sports

 
Monaco
Reykjavik
Domestic/local beer (1 pint) $8.57
€7.28
$10.81
ISK1,307
Cappuccino in mid-range area $6.62
€5.62
$5.31
ISK642
Pack of cigarettes
Marlboro or similar
$13.40
€11.37
$12.25
ISK1,481

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pay 42.8% less for clothing

 
Monaco
Reykjavik
Regular jeans
Levi's brand
$174.43
€148.09
$108.97
ISK13,178
Regular dress
from H&M or similar store
$75.29
€63.92
$49.72
ISK6,013
Running shoes
Nike or Adidas
$219.18
€186.08
$151.85
ISK18,364

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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: July 2025
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See the cost of living in Monaco vs. Iceland. This provides a comparison of the average cost of living from cities within Monaco and Iceland.

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