Cost of living comparison

Reykjavik, Iceland

compared to

Chernivtsi, Ukraine

Chernivtsi vs. Reykjavik Cost of Living Summary

Chernivtsi is 64.0% cheaper than Reykjavik.

Restaurants: pay 75.6% less in Chernivtsi
Groceries: pay 66.3% less in Chernivtsi
Transportation: pay 69.7% less in Chernivtsi
Housing: pay 66.1% less in Chernivtsi
Childcare: pay 38.5% less in Chernivtsi
Entertainment and Sports: pay 81.6% less in Chernivtsi
Clothing: pay 49.9% less in Chernivtsi

Expenses including entertainment and sports, restaurants, transportation, groceries, housing, and clothing are lower in Chernivtsi.

Chernivtsi vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 75.6% less for restaurants

	Reykjavik	Chernivtsi
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,545	$6.02 UAH250.04	-69.9%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,293	$4.82 UAH200.03	-73.3%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK401	$0.62 UAH25.88	-80.2%
Bottle of water (11 fl. oz)	$2.19 ISK278	$0.46 UAH19.07	-79.0%
Average			-75.6%

Reykjavik vs. Chernivtsi - Cost of restaurants

Improve prices · Change currency (USD)

pay 66.3% less for groceries

	Reykjavik	Chernivtsi
Bread 1 loaf	$3.61 ISK459	$0.59 UAH24.34	-83.8%
Local cheese (8 oz)	$7.76 ISK987	$3.42 UAH142.02	-55.9%
Milk (1 gallon)	$6.40 ISK815	$3.65 UAH151.44	-43.1%
Eggs 1 dozen	$5.76 ISK733	$1.61 UAH67.05	-72.0%
Boneless chicken breast (1 lb)	$9.45 ISK1,202	$1.67 UAH69.56	-82.3%
Apples (1 lb)	$1.40 ISK178	$0.30 UAH12.55	-78.5%
Bananas (1 lb)	$1.01 ISK128	$0.63 UAH26.09	-37.8%
Oranges (1 lb)	$1.22 ISK155	$0.66 UAH27.22	-46.2%
Tomatoes (1 lb)	$2.22 ISK283	$0.65 UAH26.99	-70.8%
Potatoes (1 lb)	$1.43 ISK183	$0.19 UAH7.94	-86.7%
Onions (1 lb)	$0.93 ISK119	$0.26 UAH10.89	-71.9%
Average			-66.3%

Reykjavik vs. Chernivtsi - Cost of groceries

Improve prices · Change currency (USD)

pay 69.7% less for transportation

	Reykjavik	Chernivtsi
Gasoline (1 gallon)	$8.50 ISK1,082	$4.86 UAH201.91	-42.8%
Monthly public transit pass	$74.95 ISK9,538	$6.02 UAH250.04	-92.0%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,401,820	$18,059.99 UAH750,113.20	-57.5%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,060	$3.24 UAH134.72	-86.5%
Average			-69.7%

Reykjavik vs. Chernivtsi - Cost of transportation

Improve prices · Change currency (USD)

pay 66.1% less for housing

	Reykjavik	Chernivtsi
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,890	$4.03 UAH167.53	-94.2%
1-Bedroom apartment in downtown area	$1,971.17 ISK250,832	$267.89 UAH11,126.68	-86.4%
1-Bedroom apartment outside city center	$1,803.44 ISK229,488	$196.56 UAH8,164.10	-89.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,866	$56.80 UAH2,359.09	+5.3%
Average			-66.1%

Reykjavik vs. Chernivtsi - Cost of housing

Improve prices · Change currency (USD)

pay 38.5% less for childcare

	Reykjavik	Chernivtsi
Private preschool for 1 child, monthly	$252.14 ISK32,085	$208.69 UAH8,667.97	-17.2%
Middle school for 1 child, two semesters	$5,993.99 ISK762,736	$2,408.00 UAH100,015.09	-59.8%
Average			-38.5%

Reykjavik vs. Chernivtsi - Cost of childcare

Improve prices · Change currency (USD)

pay 81.6% less for entertainment and sports

	Reykjavik	Chernivtsi
Domestic/local beer (1 pint)	$10.81 ISK1,376	$0.96 UAH40.01	-91.1%
Cappuccino in mid-range area	$5.31 ISK675	$1.01 UAH42.01	-80.9%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,558	$1.93 UAH80.01	-84.3%
Monthly membership at local gym	$69.95 ISK8,901	$17.76 UAH737.61	-74.6%
Movie ticket to theater/cinema	$14.77 ISK1,880	$3.37 UAH140.02	-77.2%
Average			-81.6%

Reykjavik vs. Chernivtsi - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 49.9% less for clothing

	Reykjavik	Chernivtsi
Regular jeans Levi's brand	$108.97 ISK13,867	$48.16 UAH2,000.30	-55.8%
Regular dress from H&M or similar store	$49.72 ISK6,327	$35.75 UAH1,484.84	-28.1%
Running shoes Nike or Adidas	$151.85 ISK19,323	$73.44 UAH3,050.46	-51.6%
Men's business shoes (leather)	$194.16 ISK24,707	$70.14 UAH2,913.42	-63.9%
Average			-49.9%

Reykjavik vs. Chernivtsi - 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: June 2025

More cost comparisons

Reykjavik vs.

Bangkok

Reykjavik vs.

Moscow

Reykjavik vs.

Prague

Reykjavik vs.

Dublin

Reykjavik vs.

Mexico City

Reykjavik vs.

Hong Kong

Reykjavik vs.

Singapore

Reykjavik vs.

Berlin

Share this

Compare countries by overall cost of living

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

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 Reykjavik

Add prices for Chernivtsi

ASK THE ELSEWHERE COMMUNITY

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