Cost of living comparison

Reykjavik, Iceland

compared to

Buenos Aires, Argentina

Buenos Aires vs. Reykjavik Cost of Living Summary

Buenos Aires is 44.5% cheaper than Reykjavik.

Restaurants: pay 50.4% less in Buenos Aires
Groceries: pay 44.9% less in Buenos Aires
Transportation: pay 64.7% less in Buenos Aires
Housing: pay 57.2% less in Buenos Aires
Childcare: pay 19.7% less in Buenos Aires
Entertainment and Sports: pay 67.0% less in Buenos Aires
Clothing: pay 7.8% less in Buenos Aires

Expenses including entertainment and sports, transportation, housing, restaurants, groceries, and childcare are lower in Buenos Aires.

Buenos Aires vs. Reykjavik Cost Breakdown

If you lived in Buenos Aires instead of Reykjavik, you would:

Display currency: USD

pay 50.4% less for restaurants

	Reykjavik	Buenos Aires
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,664	$11.00 ARS11,728.11	-45.0%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,400	$8.49 ARS9,051.97	-52.9%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK420	$1.47 ARS1,566.58	-53.4%
Bottle of water (11 fl. oz)	$2.19 ISK291	$1.08 ARS1,156.31	-50.4%
Average			-50.4%

Reykjavik vs. Buenos Aires - Cost of restaurants

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pay 44.9% less for groceries

	Reykjavik	Buenos Aires
Bread 1 loaf	$3.61 ISK481	$2.16 ARS2,297.72	-40.3%
Local cheese (8 oz)	$7.76 ISK1,033	$5.19 ARS5,536.74	-33.1%
Milk (1 gallon)	$6.40 ISK853	$5.04 ARS5,374.20	-21.3%
Eggs 1 dozen	$5.76 ISK767	$2.31 ARS2,459.45	-59.9%
Boneless chicken breast (1 lb)	$9.45 ISK1,258	$2.80 ARS2,988.29	-70.3%
Apples (1 lb)	$1.40 ISK187	$0.92 ARS985.53	-34.1%
Bananas (1 lb)	$1.01 ISK134	$0.87 ARS932.59	-13.3%
Oranges (1 lb)	$1.22 ISK162	$0.61 ARS645.94	-50.2%
Tomatoes (1 lb)	$2.22 ISK296	$1.00 ARS1,065.78	-55.1%
Potatoes (1 lb)	$1.43 ISK191	$0.43 ARS455.29	-70.2%
Onions (1 lb)	$0.93 ISK124	$0.51 ARS538.80	-45.9%
Average			-44.9%

Reykjavik vs. Buenos Aires - Cost of groceries

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pay 64.7% less for transportation

	Reykjavik	Buenos Aires
Gasoline (1 gallon)	$8.50 ISK1,132	$3.50 ARS3,736.78	-58.8%
Monthly public transit pass	$74.95 ISK9,984	$11.00 ARS11,728.11	-85.3%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,654,400	$23,250.00 ARS24,788,968.16	-45.2%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,204	$7.35 ARS7,836.51	-69.4%
Average			-64.7%

Reykjavik vs. Buenos Aires - Cost of transportation

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pay 57.2% less for housing

	Reykjavik	Buenos Aires
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,306	$23.79 ARS25,369.38	-65.9%
1-Bedroom apartment in downtown area	$1,971.17 ISK262,560	$513.68 ARS547,678.80	-73.9%
1-Bedroom apartment outside city center	$1,803.44 ISK240,218	$357.39 ARS381,048.93	-80.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,187	$49.23 ARS52,492.41	-8.7%
Average			-57.2%

Reykjavik vs. Buenos Aires - Cost of housing

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pay 19.7% less for childcare

	Reykjavik	Buenos Aires
Private preschool for 1 child, monthly	$252.14 ISK33,585	$216.50 ARS230,830.61	-14.1%
Middle school for 1 child, two semesters	$5,993.99 ISK798,400	$4,476.88 ARS4,773,211.31	-25.3%
Average			-19.7%

Reykjavik vs. Buenos Aires - Cost of childcare

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pay 67.0% less for entertainment and sports

	Reykjavik	Buenos Aires
Domestic/local beer (1 pint)	$10.81 ISK1,440	$1.80 ARS1,918.90	-83.4%
Cappuccino in mid-range area	$5.31 ISK707	$2.98 ARS3,181.66	-43.8%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,631	$2.40 ARS2,558.86	-80.4%
Monthly membership at local gym	$69.95 ISK9,317	$27.22 ARS29,020.58	-61.1%
Movie ticket to theater/cinema	$14.77 ISK1,968	$5.00 ARS5,330.96	-66.2%
Average			-67.0%

Reykjavik vs. Buenos Aires - Cost of entertainment and sports

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pay 7.8% less for clothing

	Reykjavik	Buenos Aires
Regular jeans Levi's brand	$108.97 ISK14,515	$89.58 ARS95,504.16	-17.8%
Regular dress from H&M or similar store	$49.72 ISK6,623	$74.73 ARS79,675.61	+50.3%
Running shoes Nike or Adidas	$151.85 ISK20,227	$114.08 ARS121,627.92	-24.9%
Men's business shoes (leather)	$194.16 ISK25,862	$119.22 ARS127,109.30	-38.6%
Average			-7.8%

Reykjavik vs. Buenos Aires - 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: March 2025

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