Cost of living comparison
Crete is 32.6% cheaper than Reykjavik.
If you lived in Crete instead of Reykjavik, you would:
pay 18.1% less for restaurants
Reykjavik
|
Crete
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,962
|
$29.24
€26.35
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,370
|
?? | |
Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK398
|
$1.30
€1.17
|
|
Bottle of water (11 fl. oz) |
$2.07
ISK284
|
$1.35
€1.22
|
|
pay 38.8% less for groceries
Reykjavik
|
Crete
|
||
---|---|---|---|
Bread
1 loaf
|
$3.68
ISK506
|
$1.08
€0.98
|
|
Local cheese (8 oz) |
$7.66
ISK1,051
|
$10.02
€9.03
|
|
Milk (1 gallon) |
$6.16
ISK846
|
$7.99
€7.20
|
|
Eggs
1 dozen
|
$5.91
ISK811
|
$3.90
€3.51
|
|
Boneless chicken breast (1 lb) |
$8.87
ISK1,218
|
$4.91
€4.43
|
|
Apples (1 lb) |
$1.53
ISK210
|
$0.74
€0.66
|
|
Bananas (1 lb) |
$0.97
ISK133
|
$1.01
€0.91
|
|
Oranges (1 lb) |
$1.26
ISK173
|
$0.49
€0.44
|
|
Tomatoes (1 lb) |
$2.23
ISK306
|
$0.52
€0.47
|
|
Potatoes (1 lb) |
$1.42
ISK194
|
$0.39
€0.35
|
|
Onions (1 lb) |
$1.01
ISK139
|
$0.20
€0.18
|
|
pay 32.5% less for transportation
Reykjavik
|
Crete
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.57
ISK1,177
|
$8.06
€7.26
|
|
Monthly public transit pass |
$66.92
ISK9,184
|
$43.32
€39.04
|
|
New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,717,510
|
$20,237.78
€18,236.87
|
|
Taxi trip in downtown area (5 miles) |
$23.30
ISK3,197
|
$14.66
€13.21
|
|
pay 26.2% less for housing
Reykjavik
|
Crete
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,394
|
$30.68
€27.65
|
|
1-Bedroom apartment in downtown area |
$1,864.13
ISK255,834
|
$250.71
€225.92
|
|
1-Bedroom apartment outside city center |
$1,666.20
ISK228,669
|
?? | |
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,843
|
$105.10
€94.71
|
|
pay 29.0% less for childcare
Reykjavik
|
Crete
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$240.37
ISK32,988
|
$166.78
€150.29
|
|
Middle school for 1 child, two semesters |
$5,984.07
ISK821,254
|
$4,347.65
€3,917.80
|
|
pay 48.6% less for entertainment and sports
Reykjavik
|
Crete
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$10.79
ISK1,481
|
$3.52
€3.17
|
|
Cappuccino in mid-range area |
$5.09
ISK698
|
$3.93
€3.54
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,629
|
$4.77
€4.29
|
|
Monthly membership at local gym |
$65.50
ISK8,990
|
$35.74
€32.21
|
|
Movie ticket to theater/cinema |
$14.39
ISK1,975
|
$7.58
€6.83
|
|
pay 34.9% less for clothing
Reykjavik
|
Crete
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$103.94
ISK14,265
|
$86.64
€78.07
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK5,969
|
$30.68
€27.65
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,416
|
$64.98
€58.55
|
|
Men's business shoes (leather) |
$174.65
ISK23,969
|
$105.59
€95.15
|
|
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