Cost of living comparison

Prague, Czech Republic

compared to

Reykjavik, Iceland

Reykjavik vs. Prague Cost of Living Summary

Reykjavik is 67.5% more expensive than Prague.

Restaurants: pay 84.7% more in Reykjavik
Groceries: pay 85.5% more in Reykjavik
Transportation: pay 2.0 times more in Reykjavik
Housing: pay 92.3% more in Reykjavik
Childcare: pay 56.8% less in Reykjavik
Entertainment and Sports: pay 2.1 times more in Reykjavik
Clothing: pay 52.1% more in Reykjavik

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

Reykjavik vs. Prague Cost Breakdown

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

Display currency: USD

pay 84.7% more for restaurants

	Prague	Reykjavik
Basic meal with drink at inexpensive restaurant	$10.61 CZK222.10	$20.00 ISK2,419	+88.4%
Fast food combo meal McDonalds, or similar	$8.49 CZK177.68	$18.02 ISK2,179	+112.2%
Bottle of Coca-Cola (11 fl. oz)	$1.74 CZK36.46	$3.15 ISK381	+81.0%
Bottle of water (11 fl. oz)	$1.39 CZK29.08	$2.19 ISK264	+57.2%
Average			+84.7%

Prague vs. Reykjavik - Cost of restaurants

Improve prices · Change currency (USD)

pay 85.5% more for groceries

	Prague	Reykjavik
Bread 1 loaf	$1.42 CZK29.77	$3.61 ISK437	+153.8%
Local cheese (8 oz)	$5.99 CZK125.39	$7.76 ISK938	+29.5%
Milk (1 gallon)	$3.96 CZK82.84	$6.40 ISK774	+61.8%
Eggs 1 dozen	$2.56 CZK53.53	$5.76 ISK696	+125.0%
Boneless chicken breast (1 lb)	$3.92 CZK81.92	$9.45 ISK1,142	+141.3%
Apples (1 lb)	$0.77 CZK16.02	$1.40 ISK170	+83.2%
Bananas (1 lb)	$0.73 CZK15.32	$1.01 ISK122	+37.9%
Oranges (1 lb)	$0.89 CZK18.70	$1.22 ISK147	+36.2%
Tomatoes (1 lb)	$1.47 CZK30.85	$2.22 ISK269	+50.9%
Potatoes (1 lb)	$0.57 CZK12.02	$1.43 ISK173	+149.8%
Onions (1 lb)	$0.55 CZK11.44	$0.93 ISK113	+70.8%
Average			+85.5%

Prague vs. Reykjavik - Cost of groceries

Improve prices · Change currency (USD)

pay 2.0 times more for transportation

	Prague	Reykjavik
Gasoline (1 gallon)	$6.13 CZK128.28	$8.50 ISK1,028	+38.7%
Monthly public transit pass	$23.35 CZK488.63	$74.95 ISK9,064	+221.0%
New Volkswagen Golf 1.4 (standard edition)	$25,475.49 CZK533,049.16	$42,450.45 ISK5,133,533	+66.6%
Taxi trip in downtown area (5 miles)	$12.99 CZK271.86	$24.05 ISK2,908	+85.1%
Average			+102.8%

Prague vs. Reykjavik - Cost of transportation

Improve prices · Change currency (USD)

pay 92.3% more for housing

	Prague	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$19.68 CZK411.70	$69.87 ISK8,449	+255.1%
1-Bedroom apartment in downtown area	$1,128.35 CZK23,609.64	$1,971.17 ISK238,374	+74.7%
1-Bedroom apartment outside city center	$837.45 CZK17,522.82	$1,803.44 ISK218,090	+115.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$223.37 CZK4,673.72	$53.95 ISK6,525	-75.8%
Average			+92.3%

Prague vs. Reykjavik - Cost of housing

Improve prices · Change currency (USD)

pay 56.8% less for childcare

	Prague	Reykjavik
Private preschool for 1 child, monthly	$713.18 CZK14,922.63	$252.14 ISK30,491	-64.6%
Middle school for 1 child, two semesters	$11,763.21 CZK246,133.33	$5,993.99 ISK724,854	-49.0%
Average			-56.8%

Prague vs. Reykjavik - Cost of childcare

Improve prices · Change currency (USD)

pay 2.1 times more for entertainment and sports

	Prague	Reykjavik
Domestic/local beer (1 pint)	$2.40 CZK50.20	$10.81 ISK1,307	+350.6%
Cappuccino in mid-range area	$3.08 CZK64.38	$5.31 ISK642	+72.4%
Pack of cigarettes Marlboro or similar	$6.54 CZK136.82	$12.25 ISK1,481	+87.3%
Monthly membership at local gym	$63.73 CZK1,333.54	$69.95 ISK8,459	+9.8%
Movie ticket to theater/cinema	$10.61 CZK222.10	$14.77 ISK1,787	+39.2%
Average			+111.9%

Prague vs. Reykjavik - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 52.1% more for clothing

	Prague	Reykjavik
Regular jeans Levi's brand	$82.44 CZK1,724.98	$108.97 ISK13,178	+32.2%
Regular dress from H&M or similar store	$36.17 CZK756.86	$49.72 ISK6,013	+37.5%
Running shoes Nike or Adidas	$92.56 CZK1,936.75	$151.85 ISK18,364	+64.1%
Men's business shoes (leather)	$111.10 CZK2,324.69	$194.16 ISK23,480	+74.8%
Average			+52.1%

Prague vs. Reykjavik - Cost of clothing

Improve prices · Change currency (USD)

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: July 2025

More cost comparisons

Prague vs.

Bangkok

Prague vs.

Wellington

Prague vs.

Kiev

Prague vs.

Madrid

Prague vs.

Ankara

Prague vs.

Nairobi

Prague vs.

Washington

Prague vs.

Hong Kong

Share this

Compare countries by overall cost of living

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

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Prague

Add prices for Reykjavik

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Reykjavik or Prague. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.