Cost of living comparison
Cyprus is 19.2% cheaper than Reykjavik.
- Restaurants
-
pay 43.9% less in Cyprus
- Groceries
-
pay 32.9% less in Cyprus
- Transportation
-
pay 32.5% less in Cyprus
- Housing
-
pay 2.7% less in Cyprus
- Childcare
-
pay 43.6% more in Cyprus
- Entertainment and Sports
-
pay 40.3% less in Cyprus
- Clothing
-
pay 25.4% less in Cyprus
Expenses including restaurants, entertainment and sports, groceries, transportation, clothing, and housing are lower in Cyprus.
If you lived in Cyprus instead of Reykjavik, you would:
pay 43.9% less for restaurants
|
Reykjavik
|
Cyprus
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,552
|
$15.56
€13.68
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,299
|
$8.31
€7.31
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK402
|
$1.68
€1.47
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK279
|
$1.03
€0.91
|
|
pay 32.9% less for groceries
|
Reykjavik
|
Cyprus
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK461
|
$1.77
€1.56
|
|
| Local cheese (8 oz) |
$7.76
ISK990
|
$6.32
€5.55
|
|
| Milk (1 gallon) |
$6.40
ISK817
|
$6.39
€5.62
|
|
|
Eggs
1 dozen
|
$5.76
ISK735
|
$3.86
€3.39
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,206
|
$3.79
€3.33
|
|
| Apples (1 lb) |
$1.40
ISK179
|
$1.18
€1.04
|
|
| Bananas (1 lb) |
$1.01
ISK129
|
$0.84
€0.74
|
|
| Oranges (1 lb) |
$1.22
ISK155
|
$0.92
€0.81
|
|
| Tomatoes (1 lb) |
$2.22
ISK284
|
$1.25
€1.10
|
|
| Potatoes (1 lb) |
$1.43
ISK183
|
$0.59
€0.52
|
|
| Onions (1 lb) |
$0.93
ISK119
|
$0.57
€0.50
|
|
pay 32.5% less for transportation
|
Reykjavik
|
Cyprus
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,085
|
$5.54
€4.87
|
|
| Monthly public transit pass |
$74.95
ISK9,565
|
$42.87
€37.70
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,417,102
|
$26,716.67
€23,492.53
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,069
|
$20.31
€17.86
|
|
pay 2.7% less for housing
|
Reykjavik
|
Cyprus
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,916
|
$33.66
€29.60
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK251,541
|
$862.00
€757.98
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK230,137
|
$707.00
€621.68
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,885
|
$139.26
€122.46
|
|
pay 43.6% more for childcare
|
Reykjavik
|
Cyprus
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK32,176
|
$417.93
€367.50
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK764,894
|
$7,282.83
€6,403.95
|
|
pay 40.3% less for entertainment and sports
|
Reykjavik
|
Cyprus
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,380
|
$3.45
€3.04
|
|
| Cappuccino in mid-range area |
$5.31
ISK677
|
$3.61
€3.18
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,563
|
$4.90
€4.31
|
|
| Monthly membership at local gym |
$69.95
ISK8,926
|
$59.44
€52.27
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,885
|
$10.85
€9.54
|
|
pay 25.4% less for clothing
|
Reykjavik
|
Cyprus
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,906
|
$81.33
€71.51
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,345
|
$46.86
€41.20
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK19,378
|
$112.61
€99.02
|
|
| Men's business shoes (leather) |
$194.16
ISK24,776
|
$107.65
€94.66
|
|
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