Cost of living comparison

Reykjavik, Iceland

compared to

Colombo, Sri Lanka

Colombo vs. Reykjavik Cost of Living Summary

Colombo is 62.7% cheaper than Reykjavik.

Restaurants: pay 75.0% less in Colombo
Groceries: pay 19.1% less in Colombo
Transportation: pay 59.5% less in Colombo
Housing: pay 67.5% less in Colombo
Childcare: pay 89.5% less in Colombo
Entertainment and Sports: pay 62.6% less in Colombo
Clothing: pay 65.8% less in Colombo

Expenses including childcare, restaurants, housing, clothing, entertainment and sports, and transportation are lower in Colombo.

Colombo vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 75.0% less for restaurants

	Reykjavik	Colombo
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,545	$3.40 LKR1,017.07	-83.0%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,293	$7.48 LKR2,237.55	-58.5%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK401	$0.74 LKR221.21	-76.6%
Bottle of water (11 fl. oz)	$2.19 ISK278	$0.39 LKR116.96	-82.1%
Average			-75.0%

Reykjavik vs. Colombo - Cost of restaurants

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pay 19.1% less for groceries

	Reykjavik	Colombo
Bread 1 loaf	$3.61 ISK459	$0.57 LKR170.50	-84.2%
Local cheese (8 oz)	$7.76 ISK987	$6.94 LKR2,075.98	-10.6%
Milk (1 gallon)	$6.40 ISK815	$6.54 LKR1,957.35	+2.1%
Eggs 1 dozen	$5.76 ISK733	$2.22 LKR663.71	-61.5%
Boneless chicken breast (1 lb)	$9.45 ISK1,202	$2.38 LKR712.61	-74.8%
Apples (1 lb)	$1.40 ISK178	$3.28 LKR980.64	+133.6%
Bananas (1 lb)	$1.01 ISK128	$0.51 LKR152.72	-49.4%
Oranges (1 lb)	$1.22 ISK155	$2.65 LKR791.78	+117.3%
Tomatoes (1 lb)	$2.22 ISK283	$0.53 LKR158.49	-76.2%
Potatoes (1 lb)	$1.43 ISK183	$0.51 LKR152.17	-64.6%
Onions (1 lb)	$0.93 ISK119	$0.55 LKR163.32	-41.6%
Average			-19.1%

Reykjavik vs. Colombo - Cost of groceries

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pay 59.5% less for transportation

	Reykjavik	Colombo
Gasoline (1 gallon)	$8.50 ISK1,082	$4.84 LKR1,447.35	-43.1%
Monthly public transit pass	$74.95 ISK9,538	$6.80 LKR2,034.14	-90.9%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,401,820	$35,303.89 LKR10,567,356.18	-16.8%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,060	$3.13 LKR935.70	-87.0%
Average			-59.5%

Reykjavik vs. Colombo - Cost of transportation

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pay 67.5% less for housing

	Reykjavik	Colombo
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,890	$16.40 LKR4,908.57	-76.5%
1-Bedroom apartment in downtown area	$1,971.17 ISK250,832	$297.60 LKR89,078.37	-84.9%
1-Bedroom apartment outside city center	$1,803.44 ISK229,488	$180.09 LKR53,904.60	-90.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,866	$43.85 LKR13,124.37	-18.7%
Average			-67.5%

Reykjavik vs. Colombo - Cost of housing

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pay 89.5% less for childcare

	Reykjavik	Colombo
Private preschool for 1 child, monthly	$252.14 ISK32,085	$28.60 LKR8,560.34	-88.7%
Middle school for 1 child, two semesters	$5,993.99 ISK762,736	$586.98 LKR175,698.82	-90.2%
Average			-89.5%

Reykjavik vs. Colombo - Cost of childcare

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pay 62.6% less for entertainment and sports

	Reykjavik	Colombo
Domestic/local beer (1 pint)	$10.81 ISK1,376	$2.04 LKR610.24	-81.1%
Cappuccino in mid-range area	$5.31 ISK675	$2.59 LKR775.43	-51.2%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,558	$9.34 LKR2,796.94	-23.7%
Monthly membership at local gym	$69.95 ISK8,901	$13.89 LKR4,156.30	-80.1%
Movie ticket to theater/cinema	$14.77 ISK1,880	$3.40 LKR1,017.07	-77.0%
Average			-62.6%

Reykjavik vs. Colombo - Cost of entertainment and sports

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pay 65.8% less for clothing

	Reykjavik	Colombo
Regular jeans Levi's brand	$108.97 ISK13,867	$29.69 LKR8,887.16	-72.8%
Regular dress from H&M or similar store	$49.72 ISK6,327	$22.31 LKR6,678.76	-55.1%
Running shoes Nike or Adidas	$151.85 ISK19,323	$68.77 LKR20,584.61	-54.7%
Men's business shoes (leather)	$194.16 ISK24,707	$37.51 LKR11,226.89	-80.7%
Average			-65.8%

Reykjavik vs. Colombo - 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: June 2025

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