Cost of living comparison
Bilbao is 17.5% cheaper than Reykjavik.
- Restaurants
-
pay 23.3% less in Bilbao
- Groceries
-
pay 36.5% less in Bilbao
- Transportation
-
pay 35.6% less in Bilbao
- Housing
-
pay 14.1% less in Bilbao
- Childcare
-
pay 70.2% more in Bilbao
- Entertainment and Sports
-
pay 49.4% less in Bilbao
- Clothing
-
pay 33.6% less in Bilbao
Expenses including entertainment and sports, groceries, transportation, clothing, restaurants, and housing are lower in Bilbao.
If you lived in Bilbao instead of Reykjavik, you would:
pay 23.3% less for restaurants
|
Reykjavik
|
Bilbao
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,493
|
$16.08
€13.92
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,246
|
$10.18
€8.82
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK393
|
$2.59
€2.24
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK272
|
$1.92
€1.66
|
|
pay 36.5% less for groceries
|
Reykjavik
|
Bilbao
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK450
|
$1.35
€1.17
|
|
| Local cheese (8 oz) |
$7.76
ISK967
|
$7.31
€6.33
|
|
| Milk (1 gallon) |
$6.40
ISK798
|
$4.43
€3.84
|
|
|
Eggs
1 dozen
|
$5.76
ISK718
|
$2.88
€2.49
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,178
|
$3.89
€3.37
|
|
| Apples (1 lb) |
$1.40
ISK175
|
$0.98
€0.85
|
|
| Bananas (1 lb) |
$1.01
ISK126
|
$0.89
€0.77
|
|
| Oranges (1 lb) |
$1.22
ISK152
|
$0.85
€0.74
|
|
| Tomatoes (1 lb) |
$2.22
ISK277
|
$1.14
€0.99
|
|
| Potatoes (1 lb) |
$1.43
ISK179
|
$0.62
€0.54
|
|
| Onions (1 lb) |
$0.93
ISK116
|
$0.78
€0.67
|
|
pay 35.6% less for transportation
|
Reykjavik
|
Bilbao
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,060
|
$6.53
€5.66
|
|
| Monthly public transit pass |
$74.95
ISK9,343
|
$42.87
€37.12
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,291,449
|
$30,009.37
€25,983.25
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK2,998
|
$12.73
€11.02
|
|
pay 14.1% less for housing
|
Reykjavik
|
Bilbao
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,709
|
$35.98
€31.15
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK245,706
|
$991.38
€858.38
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK224,799
|
$825.26
€714.54
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,725
|
$105.81
€91.61
|
|
pay 70.2% more for childcare
|
Reykjavik
|
Bilbao
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK31,429
|
$509.09
€440.79
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK747,151
|
$8,306.16
€7,191.79
|
|
pay 49.4% less for entertainment and sports
|
Reykjavik
|
Bilbao
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,348
|
$3.22
€2.78
|
|
| Cappuccino in mid-range area |
$5.31
ISK661
|
$1.99
€1.72
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,526
|
$6.03
€5.22
|
|
| Monthly membership at local gym |
$69.95
ISK8,719
|
$53.59
€46.40
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,842
|
$8.84
€7.66
|
|
pay 33.6% less for clothing
|
Reykjavik
|
Bilbao
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,583
|
$93.78
€81.20
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,198
|
$31.51
€27.28
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK18,929
|
$77.70
€67.28
|
|
| Men's business shoes (leather) |
$194.16
ISK24,202
|
$125.93
€109.04
|
|
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