Cost of living comparison
Reykjavik is 32.4% cheaper than Monaco overall.
- Restaurants
-
pay 26.1% less in Reykjavik
- Groceries
-
pay 28.6% less in Reykjavik
- Transportation
-
pay 37.1% more in Reykjavik
- Housing
-
pay 67.5% less in Reykjavik
- Childcare
-
pay 85.2% less in Reykjavik
- Entertainment and Sports
-
pay 16.7% less in Reykjavik
- Clothing
-
pay 39.9% less in Reykjavik
Expenses including childcare, housing, clothing, groceries, restaurants, and entertainment and sports are lower in Reykjavik.
If you lived in Reykjavik instead of Monaco, you would:
pay 26.1% less for restaurants
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$36.21
€31.84
|
$20.00
ISK2,552
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.32
€9.95
|
$18.02
ISK2,299
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$5.61
€4.93
|
$3.15
ISK402
|
|
| Bottle of water (11 fl. oz) |
$8.77
€7.71
|
$2.19
ISK279
|
|
pay 28.6% less for groceries
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$5.69
€5.01
|
$3.61
ISK461
|
|
| Local cheese (8 oz) |
$11.39
€10.01
|
$7.76
ISK990
|
|
| Milk (1 gallon) |
$8.62
€7.58
|
$6.40
ISK817
|
|
|
Eggs
1 dozen
|
$5.55
€4.88
|
$5.76
ISK735
|
|
| Boneless chicken breast (1 lb) |
$8.45
€7.43
|
$9.45
ISK1,206
|
|
| Apples (1 lb) |
$2.57
€2.26
|
$1.40
ISK179
|
|
| Bananas (1 lb) |
$2.47
€2.17
|
$1.01
ISK129
|
|
| Oranges (1 lb) |
$1.98
€1.74
|
$1.22
ISK155
|
|
| Tomatoes (1 lb) |
$2.92
€2.57
|
$2.22
ISK284
|
|
| Potatoes (1 lb) |
$1.69
€1.48
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$2.02
€1.78
|
$0.93
ISK119
|
|
pay 37.1% more for transportation
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.68
€7.63
|
$8.50
ISK1,085
|
|
| Monthly public transit pass |
$29.74
€26.15
|
$74.95
ISK9,565
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$49,160.43
€43,227.80
|
$42,450.45
ISK5,417,102
|
|
| Taxi trip in downtown area (5 miles) |
$21.44
€18.85
|
$24.05
ISK3,069
|
|
pay 67.5% less for housing
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$110.93
€97.54
|
$69.87
ISK8,916
|
|
| 1-Bedroom apartment in downtown area |
$9,401.30
€8,266.76
|
$1,971.17
ISK251,541
|
|
| 1-Bedroom apartment outside city center |
$6,591.34
€5,795.91
|
$1,803.44
ISK230,137
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$292.40
€257.11
|
$53.95
ISK6,885
|
|
pay 85.2% less for childcare
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,759.79
€2,426.74
|
$252.14
ISK32,176
|
|
| Middle school for 1 child, two semesters |
$29,406.50
€25,857.75
|
$5,993.99
ISK764,894
|
|
pay 16.7% less for entertainment and sports
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.11
€8.01
|
$10.81
ISK1,380
|
|
| Cappuccino in mid-range area |
$6.29
€5.53
|
$5.31
ISK677
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.06
€10.60
|
$12.25
ISK1,563
|
|
| Monthly membership at local gym |
$512.44
€450.60
|
$69.95
ISK8,926
|
|
| Movie ticket to theater/cinema |
$15.00
€13.19
|
$14.77
ISK1,885
|
|
pay 39.9% less for clothing
|
Monaco
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$194.39
€170.93
|
$108.97
ISK13,906
|
|
|
Regular dress
from H&M or similar store
|
$75.16
€66.09
|
$49.72
ISK6,345
|
|
|
Running shoes
Nike or Adidas
|
$203.37
€178.82
|
$151.85
ISK19,378
|
|
| Men's business shoes (leather) |
$446.93
€392.99
|
$194.16
ISK24,776
|
|
Change currency:
Compare countries by overall cost of living
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Reykjavik or Monaco. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.