Cost of living comparison
Reykjavik is 3.0 times more expensive than Monrovia.
If you lived in Reykjavik instead of Monrovia, you would:
pay 60.6% more for restaurants
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.00
LRD1,917.66
|
$21.59
ISK2,967
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
LRD1,917.66
|
$17.27
ISK2,374
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.70
LRD326.00
|
$2.90
ISK399
|
|
| Bottle of water (11 fl. oz) |
$2.50
LRD479.41
|
$2.07
ISK285
|
|
pay 15.9% more for groceries
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.56
LRD299.46
|
$3.68
ISK506
|
|
| Local cheese (8 oz) |
$5.91
LRD1,132.45
|
$7.66
ISK1,052
|
|
| Milk (1 gallon) |
$5.71
LRD1,095.24
|
$6.16
ISK847
|
|
|
Eggs
1 dozen
|
$3.93
LRD754.60
|
$5.91
ISK813
|
|
| Boneless chicken breast (1 lb) |
$4.09
LRD784.26
|
$8.87
ISK1,220
|
|
| Apples (1 lb) |
$0.95
LRD182.87
|
$1.53
ISK210
|
|
| Bananas (1 lb) |
$3.33
LRD638.31
|
$0.97
ISK133
|
|
| Oranges (1 lb) |
$4.27
LRD819.12
|
$1.26
ISK173
|
|
| Tomatoes (1 lb) |
$4.18
LRD801.66
|
$2.23
ISK306
|
|
| Potatoes (1 lb) |
$1.03
LRD197.50
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$4.00
LRD767.06
|
$1.01
ISK139
|
|
pay 4.0 times more for transportation
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.22
LRD808.32
|
$8.57
ISK1,179
|
|
| Monthly public transit pass | ?? |
$66.92
ISK9,198
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$5,069.87
LRD972,228.51
|
$41,660.67
ISK5,726,259
|
|
| Taxi trip in downtown area (5 miles) |
$12.69
LRD2,433.88
|
$23.30
ISK3,202
|
|
pay 5.6 times more for housing
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$93.25
LRD17,882.15
|
$68.45
ISK9,408
|
|
| 1-Bedroom apartment in downtown area |
$666.67
LRD127,843.90
|
$1,864.13
ISK256,225
|
|
| 1-Bedroom apartment outside city center |
$90.00
LRD17,258.93
|
$1,666.20
ISK229,019
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$208.46
LRD39,974.95
|
$64.43
ISK8,856
|
|
pay 3.6 times more for childcare
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$74.33
LRD14,254.09
|
$240.37
ISK33,039
|
|
| Middle school for 1 child, two semesters |
$1,500.00
LRD287,648.77
|
$5,984.07
ISK822,511
|
|
pay 2.1 times more for entertainment and sports
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
LRD479.41
|
$10.79
ISK1,483
|
|
| Cappuccino in mid-range area |
$3.12
LRD599.27
|
$5.09
ISK699
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.00
LRD958.83
|
$11.87
ISK1,632
|
|
| Monthly membership at local gym |
$76.25
LRD14,622.15
|
$65.50
ISK9,003
|
|
| Movie ticket to theater/cinema |
$9.75
LRD1,869.67
|
$14.39
ISK1,978
|
|
pay 3.0 times more for clothing
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$18.41
LRD3,530.87
|
$103.94
ISK14,287
|
|
|
Regular dress
from H&M or similar store
|
$33.75
LRD6,472.10
|
$43.50
ISK5,978
|
|
|
Running shoes
Nike or Adidas
|
$56.25
LRD10,786.83
|
$141.47
ISK19,445
|
|
| Men's business shoes (leather) |
$68.75
LRD13,183.90
|
$174.65
ISK24,006
|
|
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