Cost of living comparison

Reykjavik, Iceland

compared to

Chiang Mai, Thailand

Chiang Mai vs. Reykjavik Cost of Living Summary

Chiang Mai is 36.5% cheaper than Reykjavik.

Restaurants: pay 78.8% less in Chiang Mai
Groceries: pay 46.8% less in Chiang Mai
Transportation: pay 54.5% less in Chiang Mai
Housing: pay 62.6% less in Chiang Mai
Childcare: pay 2.0 times more in Chiang Mai
Entertainment and Sports: pay 64.1% less in Chiang Mai
Clothing: pay 50.3% less in Chiang Mai

Expenses including restaurants, entertainment and sports, housing, transportation, clothing, and groceries are lower in Chiang Mai. Notably, childcare is significantly more expensive in Chiang Mai.

Chiang Mai vs. Reykjavik Cost Breakdown

If you lived in Chiang Mai instead of Reykjavik, you would:

Display currency: USD

pay 78.8% less for restaurants

	Reykjavik	Chiang Mai
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,569	$1.75 THB58.50	-91.3%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,314	$7.28 THB243.76	-59.6%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK405	$0.65 THB21.86	-79.3%
Bottle of water (11 fl. oz)	$2.19 ISK281	$0.33 THB11.10	-84.8%
Average			-78.8%

Reykjavik vs. Chiang Mai - Cost of restaurants

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pay 46.8% less for groceries

	Reykjavik	Chiang Mai
Bread 1 loaf	$3.61 ISK464	$1.47 THB49.08	-59.4%
Local cheese (8 oz)	$7.76 ISK996	$7.16 THB239.62	-7.7%
Milk (1 gallon)	$6.40 ISK822	$5.98 THB200.28	-6.6%
Eggs 1 dozen	$5.76 ISK739	$2.02 THB67.59	-64.9%
Boneless chicken breast (1 lb)	$9.45 ISK1,213	$1.25 THB41.81	-86.8%
Apples (1 lb)	$1.40 ISK180	$1.19 THB39.69	-15.4%
Bananas (1 lb)	$1.01 ISK130	$0.52 THB17.29	-48.8%
Oranges (1 lb)	$1.22 ISK156	$0.57 THB19.07	-53.2%
Tomatoes (1 lb)	$2.22 ISK286	$0.68 THB22.85	-69.3%
Potatoes (1 lb)	$1.43 ISK184	$0.60 THB20.18	-58.0%
Onions (1 lb)	$0.93 ISK120	$0.51 THB17.14	-45.2%
Average			-46.8%

Reykjavik vs. Chiang Mai - Cost of groceries

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pay 54.5% less for transportation

	Reykjavik	Chiang Mai
Gasoline (1 gallon)	$8.50 ISK1,092	$4.46 THB149.40	-47.5%
Monthly public transit pass	$74.95 ISK9,626	$23.30 THB780.03	-68.9%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,451,803	$21,118.56 THB706,901.38	-50.3%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,089	$11.72 THB392.45	-51.3%
Average			-54.5%

Reykjavik vs. Chiang Mai - Cost of transportation

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pay 62.6% less for housing

	Reykjavik	Chiang Mai
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,973	$18.20 THB609.15	-74.0%
1-Bedroom apartment in downtown area	$1,971.17 ISK253,152	$388.93 THB13,018.78	-80.3%
1-Bedroom apartment outside city center	$1,803.44 ISK231,611	$233.89 THB7,828.97	-87.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,929	$49.06 THB1,642.27	-9.1%
Average			-62.6%

Reykjavik vs. Chiang Mai - Cost of housing

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pay 2.0 times more for childcare

	Reykjavik	Chiang Mai
Private preschool for 1 child, monthly	$252.14 ISK32,382	$461.21 THB15,438.08	+82.9%
Middle school for 1 child, two semesters	$5,993.99 ISK769,793	$13,232.91 THB442,945.10	+120.8%
Average			+101.8%

Reykjavik vs. Chiang Mai - Cost of childcare

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pay 64.1% less for entertainment and sports

	Reykjavik	Chiang Mai
Domestic/local beer (1 pint)	$10.81 ISK1,388	$2.26 THB75.57	-79.1%
Cappuccino in mid-range area	$5.31 ISK681	$1.79 THB59.79	-66.3%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,573	$4.37 THB146.26	-64.3%
Monthly membership at local gym	$69.95 ISK8,983	$34.96 THB1,170.29	-50.0%
Movie ticket to theater/cinema	$14.77 ISK1,897	$5.83 THB195.01	-60.6%
Average			-64.1%

Reykjavik vs. Chiang Mai - Cost of entertainment and sports

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pay 50.3% less for clothing

	Reykjavik	Chiang Mai
Regular jeans Levi's brand	$108.97 ISK13,995	$55.83 THB1,868.82	-48.8%
Regular dress from H&M or similar store	$49.72 ISK6,386	$30.29 THB1,014.04	-39.1%
Running shoes Nike or Adidas	$151.85 ISK19,502	$81.56 THB2,730.10	-46.3%
Men's business shoes (leather)	$194.16 ISK24,935	$64.08 THB2,145.08	-67.0%
Average			-50.3%

Reykjavik vs. Chiang Mai - 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: April 2025

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