Cost of living comparison
Reykjavik is 3.1 times more expensive than Monrovia.
If you lived in Reykjavik instead of Monrovia, you would:
pay 65.5% more for restaurants
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.25
LRD1,491.38
|
$20.00
ISK2,783
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.00
LRD1,988.51
|
$18.02
ISK2,507
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.88
LRD338.95
|
$3.15
ISK439
|
|
| Bottle of water (11 fl. oz) |
$2.50
LRD451.93
|
$2.19
ISK304
|
|
pay 19.7% more for groceries
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.65
LRD298.90
|
$3.61
ISK502
|
|
| Local cheese (8 oz) |
$5.91
LRD1,067.54
|
$7.76
ISK1,079
|
|
| Milk (1 gallon) |
$6.08
LRD1,099.69
|
$6.40
ISK891
|
|
|
Eggs
1 dozen
|
$3.63
LRD655.84
|
$5.76
ISK801
|
|
| Boneless chicken breast (1 lb) |
$4.48
LRD809.22
|
$9.45
ISK1,314
|
|
| Apples (1 lb) |
$0.74
LRD134.21
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$2.58
LRD466.14
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$3.95
LRD714.71
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$3.18
LRD574.93
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$1.03
LRD186.18
|
$1.43
ISK200
|
|
| Onions (1 lb) |
$3.88
LRD700.50
|
$0.93
ISK130
|
|
pay 4.0 times more for transportation
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.03
LRD728.77
|
$8.50
ISK1,183
|
|
| Monthly public transit pass |
$20.00
LRD3,615.47
|
$74.95
ISK10,428
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$5,069.87
LRD916,498.56
|
$42,450.45
ISK5,906,131
|
|
| Taxi trip in downtown area (5 miles) |
$12.69
LRD2,294.37
|
$24.05
ISK3,346
|
|
pay 6.0 times more for housing
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$93.25
LRD16,857.11
|
$69.87
ISK9,720
|
|
| 1-Bedroom apartment in downtown area |
$666.67
LRD120,515.65
|
$1,971.17
ISK274,249
|
|
| 1-Bedroom apartment outside city center |
$90.00
LRD16,269.61
|
$1,803.44
ISK250,913
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$208.46
LRD37,683.51
|
$53.95
ISK7,507
|
|
pay 3.7 times more for childcare
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$74.33
LRD13,437.02
|
$252.14
ISK35,080
|
|
| Middle school for 1 child, two semesters |
$1,500.00
LRD271,160.21
|
$5,993.99
ISK833,944
|
|
pay 2.2 times more for entertainment and sports
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
LRD451.93
|
$10.81
ISK1,504
|
|
| Cappuccino in mid-range area |
$3.12
LRD564.92
|
$5.31
ISK738
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.00
LRD903.87
|
$12.25
ISK1,704
|
|
| Monthly membership at local gym |
$76.25
LRD13,783.98
|
$69.95
ISK9,732
|
|
| Movie ticket to theater/cinema |
$9.75
LRD1,762.50
|
$14.77
ISK2,056
|
|
pay 3.2 times more for clothing
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$18.41
LRD3,328.48
|
$108.97
ISK15,161
|
|
|
Regular dress
from H&M or similar store
|
$33.75
LRD6,101.10
|
$49.72
ISK6,918
|
|
|
Running shoes
Nike or Adidas
|
$56.25
LRD10,168.51
|
$151.85
ISK21,127
|
|
| Men's business shoes (leather) |
$68.75
LRD12,428.18
|
$194.16
ISK27,013
|
|
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