Cost of living comparison

Montevideo, Uruguay

compared to

Reykjavik, Iceland

Reykjavik vs. Montevideo Cost of Living Summary

Reykjavik is 52.2% more expensive than Montevideo.

Restaurants: pay 58.7% more in Reykjavik
Groceries: pay 44.4% more in Reykjavik
Transportation: pay 19.1% more in Reykjavik
Housing: pay 2.5 times more in Reykjavik
Childcare: pay 30.9% less in Reykjavik
Entertainment and Sports: pay 93.3% more in Reykjavik
Clothing: pay 34.4% more in Reykjavik

The cost of housing, entertainment and sports, restaurants, groceries, clothing, and transportation in Reykjavik are more expensive than in Montevideo. Notably, housing and entertainment and sports are significantly more expensive in Reykjavik.

Reykjavik vs. Montevideo Cost Breakdown

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

Display currency: USD

pay 58.7% more for restaurants

	Montevideo	Reykjavik
Basic meal with drink at inexpensive restaurant	$14.37 UYU597.26	$20.00 ISK2,527	+39.1%
Fast food combo meal McDonalds, or similar	$9.64 UYU400.66	$18.02 ISK2,277	+86.9%
Bottle of Coca-Cola (11 fl. oz)	$1.93 UYU80.18	$3.15 ISK399	+63.4%
Bottle of water (11 fl. oz)	$1.50 UYU62.41	$2.19 ISK276	+45.5%
Average			+58.7%

Montevideo vs. Reykjavik - Cost of restaurants

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pay 44.4% more for groceries

	Montevideo	Reykjavik
Bread 1 loaf	$2.66 UYU110.59	$3.61 ISK456	+35.7%
Local cheese (8 oz)	$6.01 UYU249.74	$7.76 ISK980	+29.1%
Milk (1 gallon)	$4.25 UYU176.41	$6.40 ISK809	+50.8%
Eggs 1 dozen	$4.43 UYU184.23	$5.76 ISK727	+29.8%
Boneless chicken breast (1 lb)	$4.29 UYU178.33	$9.45 ISK1,194	+120.1%
Apples (1 lb)	$1.24 UYU51.69	$1.40 ISK177	+12.7%
Bananas (1 lb)	$1.01 UYU41.85	$1.01 ISK128	+0.2%
Oranges (1 lb)	$0.64 UYU26.59	$1.22 ISK154	+90.2%
Tomatoes (1 lb)	$1.66 UYU68.98	$2.22 ISK281	+34.0%
Potatoes (1 lb)	$0.84 UYU34.75	$1.43 ISK181	+71.5%
Onions (1 lb)	$0.82 UYU34.10	$0.93 ISK118	+13.8%
Average			+44.4%

Montevideo vs. Reykjavik - Cost of groceries

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pay 19.1% more for transportation

	Montevideo	Reykjavik
Gasoline (1 gallon)	$6.92 UYU287.45	$8.50 ISK1,074	+22.9%
Monthly public transit pass	$47.91 UYU1,990.86	$74.95 ISK9,472	+56.4%
New Volkswagen Golf 1.4 (standard edition)	$35,934.74 UYU1,493,143.01	$42,450.45 ISK5,364,463	+18.1%
Taxi trip in downtown area (5 miles)	$30.38 UYU1,262.20	$24.05 ISK3,039	-20.8%
Average			+19.1%

Montevideo vs. Reykjavik - Cost of transportation

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pay 2.5 times more for housing

	Montevideo	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$43.60 UYU1,811.49	$69.87 ISK8,829	+60.3%
1-Bedroom apartment in downtown area	$578.38 UYU24,032.49	$1,971.17 ISK249,097	+240.8%
1-Bedroom apartment outside city center	$419.05 UYU17,412.32	$1,803.44 ISK227,901	+330.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$99.70 UYU4,142.54	$53.95 ISK6,818	-45.9%
Average			+146.4%

Montevideo vs. Reykjavik - Cost of housing

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pay 30.9% less for childcare

	Montevideo	Reykjavik
Private preschool for 1 child, monthly	$386.12 UYU16,044.01	$252.14 ISK31,863	-34.7%
Middle school for 1 child, two semesters	$8,206.60 UYU340,996.64	$5,993.99 ISK757,461	-27.0%
Average			-30.9%

Montevideo vs. Reykjavik - Cost of childcare

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pay 93.3% more for entertainment and sports

	Montevideo	Reykjavik
Domestic/local beer (1 pint)	$3.42 UYU141.96	$10.81 ISK1,366	+216.4%
Cappuccino in mid-range area	$3.79 UYU157.31	$5.31 ISK670	+40.1%
Pack of cigarettes Marlboro or similar	$5.03 UYU209.04	$12.25 ISK1,547	+143.4%
Monthly membership at local gym	$58.44 UYU2,428.26	$69.95 ISK8,839	+19.7%
Movie ticket to theater/cinema	$10.06 UYU418.08	$14.77 ISK1,867	+46.8%
Average			+93.3%

Montevideo vs. Reykjavik - Cost of entertainment and sports

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pay 34.4% more for clothing

	Montevideo	Reykjavik
Regular jeans Levi's brand	$93.83 UYU3,898.58	$108.97 ISK13,771	+16.1%
Regular dress from H&M or similar store	$44.64 UYU1,854.69	$49.72 ISK6,283	+11.4%
Running shoes Nike or Adidas	$109.94 UYU4,568.07	$151.85 ISK19,190	+38.1%
Men's business shoes (leather)	$113.02 UYU4,695.95	$194.16 ISK24,536	+71.8%
Average			+34.4%

Montevideo vs. Reykjavik - Cost of clothing

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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: June 2025

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