Cost of living comparison
Reykjavik is 13.6% more expensive than Munich.
- Groceries
-
pay 36.7% more in Reykjavik
- Transportation
-
pay 23.7% more in Reykjavik
- Housing
-
pay 14.9% more in Reykjavik
- Childcare
-
pay 68.0% less in Reykjavik
- Entertainment and Sports
-
pay 42.6% more in Reykjavik
- Clothing
-
pay 31.8% more in Reykjavik
The cost of entertainment and sports, groceries, clothing, transportation, and housing in Reykjavik are more expensive than in Munich. Expenses including childcare and restaurants are lower in Reykjavik.
If you lived in Reykjavik instead of Munich, you would:
pay (unknown) more for restaurants
|
Munich
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.76
€16.24
|
$20.00
ISK2,493
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.59
€10.90
|
$18.02
ISK2,246
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.75
€3.24
|
$3.15
ISK393
|
|
| Bottle of water (11 fl. oz) |
$3.30
€2.86
|
$2.19
ISK272
|
pay 36.7% more for groceries
|
Munich
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.23
€1.93
|
$3.61
ISK450
|
|
| Local cheese (8 oz) |
$7.11
€6.16
|
$7.76
ISK967
|
|
| Milk (1 gallon) |
$4.98
€4.31
|
$6.40
ISK798
|
|
|
Eggs
1 dozen
|
$3.46
€3.00
|
$5.76
ISK718
|
|
| Boneless chicken breast (1 lb) |
$5.35
€4.63
|
$9.45
ISK1,178
|
|
| Apples (1 lb) |
$1.45
€1.25
|
$1.40
ISK175
|
|
| Bananas (1 lb) |
$0.85
€0.74
|
$1.01
ISK126
|
|
| Oranges (1 lb) |
$1.12
€0.97
|
$1.22
ISK152
|
|
| Tomatoes (1 lb) |
$1.77
€1.53
|
$2.22
ISK277
|
|
| Potatoes (1 lb) |
$0.77
€0.67
|
$1.43
ISK179
|
|
| Onions (1 lb) |
$0.74
€0.64
|
$0.93
ISK116
|
|
pay 23.7% more for transportation
|
Munich
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.17
€6.21
|
$8.50
ISK1,060
|
|
| Monthly public transit pass |
$52.52
€45.47
|
$74.95
ISK9,343
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,130.52
€25,222.31
|
$42,450.45
ISK5,291,449
|
|
| Taxi trip in downtown area (5 miles) |
$27.33
€23.66
|
$24.05
ISK2,998
|
|
pay 14.9% more for housing
|
Munich
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$40.50
€35.07
|
$69.87
ISK8,709
|
|
| 1-Bedroom apartment in downtown area |
$1,553.51
€1,345.09
|
$1,971.17
ISK245,706
|
|
| 1-Bedroom apartment outside city center |
$1,276.11
€1,104.91
|
$1,803.44
ISK224,799
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$286.21
€247.81
|
$53.95
ISK6,725
|
|
pay 68.0% less for childcare
|
Munich
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$995.31
€861.78
|
$252.14
ISK31,429
|
|
| Middle school for 1 child, two semesters |
$15,451.25
€13,378.28
|
$5,993.99
ISK747,151
|
|
pay 42.6% more for entertainment and sports
|
Munich
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.20
€4.50
|
$10.81
ISK1,348
|
|
| Cappuccino in mid-range area |
$4.12
€3.57
|
$5.31
ISK661
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.79
€7.61
|
$12.25
ISK1,526
|
|
| Monthly membership at local gym |
$53.34
€46.18
|
$69.95
ISK8,719
|
|
| Movie ticket to theater/cinema |
$13.93
€12.06
|
$14.77
ISK1,842
|
|
pay 31.8% more for clothing
|
Munich
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$98.86
€85.60
|
$108.97
ISK13,583
|
|
|
Regular dress
from H&M or similar store
|
$40.95
€35.45
|
$49.72
ISK6,198
|
|
|
Running shoes
Nike or Adidas
|
$98.57
€85.34
|
$151.85
ISK18,929
|
|
| Men's business shoes (leather) |
$137.28
€118.86
|
$194.16
ISK24,202
|
|
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