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
LRD1,522.56
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.00
LRD2,030.08
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.88
LRD346.04
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$2.50
LRD461.38
|
$2.19
ISK301
|
|
pay 19.7% more for groceries
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.65
LRD305.15
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$5.91
LRD1,089.86
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$6.08
LRD1,122.68
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$3.63
LRD669.55
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$4.48
LRD826.14
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$0.74
LRD137.01
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$2.58
LRD475.89
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$3.95
LRD729.65
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$3.18
LRD586.95
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$1.03
LRD190.07
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$3.88
LRD715.14
|
$0.93
ISK129
|
|
pay 4.0 times more for transportation
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.03
LRD744.01
|
$8.50
ISK1,170
|
|
| Monthly public transit pass |
$20.00
LRD3,691.05
|
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$5,069.87
LRD935,658.55
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) |
$12.69
LRD2,342.33
|
$24.05
ISK3,311
|
|
pay 6.0 times more for housing
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$93.25
LRD17,209.52
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$666.67
LRD123,035.10
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$90.00
LRD16,609.74
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$208.46
LRD38,471.31
|
$53.95
ISK7,427
|
|
pay 3.7 times more for childcare
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$74.33
LRD13,717.93
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$1,500.00
LRD276,828.98
|
$5,993.99
ISK825,073
|
|
pay 2.2 times more for entertainment and sports
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
LRD461.38
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$3.12
LRD576.73
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.00
LRD922.76
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$76.25
LRD14,072.14
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$9.75
LRD1,799.34
|
$14.77
ISK2,034
|
|
pay 3.2 times more for clothing
|
Monrovia
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$18.41
LRD3,398.06
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$33.75
LRD6,228.65
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$56.25
LRD10,381.09
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$68.75
LRD12,688.00
|
$194.16
ISK26,726
|
|
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