Cost of living comparison

 P'yongyang, North Korea
compared to
 Reykjavik, Iceland
Reykjavik vs. P'yongyang Cost of Living Summary

Reykjavik is 7.2 times more expensive than P'yongyang.

Restaurants
pay 75.5% more in Reykjavik
Groceries
pay 93.7% more in Reykjavik
Housing
pay 22.0 times more in Reykjavik
Entertainment and Sports
pay 2.9 times more in Reykjavik

The cost of housing, entertainment and sports, groceries, and restaurants in Reykjavik are more expensive than in P'yongyang. Notably, housing, entertainment and sports, and groceries are significantly more expensive in Reykjavik.

Reykjavik vs. P'yongyang Cost Breakdown

If you lived in Reykjavik instead of P'yongyang, you would:

pay 75.5% more for restaurants

 
P'yongyang
Reykjavik
Basic meal with drink at inexpensive restaurant ?? $20.00
ISK2,493
Fast food combo meal
McDonalds, or similar
?? $18.02
ISK2,246
Bottle of Coca-Cola (11 fl. oz) $2.14
KPW1,929
$3.15
ISK393

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pay 93.7% more for groceries

 
P'yongyang
Reykjavik
Bread
1 loaf
$2.20
KPW1,983
$3.61
ISK450
Local cheese (8 oz) ?? $7.76
ISK967
Milk (1 gallon) $3.40
KPW3,058
$6.40
ISK798

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pay (unknown) more for transportation

 
P'yongyang
Reykjavik
Gasoline (1 gallon) ?? $8.50
ISK1,060
Monthly public transit pass ?? $74.95
ISK9,343
New Volkswagen Golf 1.4 (standard edition) ?? $42,450.45
ISK5,291,449

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pay 22.0 times more for housing

 
P'yongyang
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
?? $69.87
ISK8,709
1-Bedroom apartment in downtown area $85.74
KPW77,167
$1,971.17
ISK245,706
1-Bedroom apartment outside city center $85.74
KPW77,167
$1,803.44
ISK224,799

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pay (unknown) more for childcare

 
P'yongyang
Reykjavik
Private preschool for 1 child, monthly ?? $252.14
ISK31,429
Middle school for 1 child, two semesters ?? $5,993.99
ISK747,151

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pay 2.9 times more for entertainment and sports

 
P'yongyang
Reykjavik
Domestic/local beer (1 pint) $12.86
KPW11,575
$10.81
ISK1,348
Cappuccino in mid-range area $1.07
KPW965
$5.31
ISK661
Pack of cigarettes
Marlboro or similar
?? $12.25
ISK1,526

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pay (unknown) more for clothing

 
P'yongyang
Reykjavik
Regular jeans
Levi's brand
?? $108.97
ISK13,583
Regular dress
from H&M or similar store
?? $49.72
ISK6,198
Running shoes
Nike or Adidas
?? $151.85
ISK18,929

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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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See the cost of living in North Korea vs. Iceland. This provides a comparison of the average cost of living from cities within North Korea and Iceland.

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