Cost of living comparison
Ferrara is 20.6% cheaper than Reykjavik.
- Restaurants
-
pay 32.8% less in Ferrara
- Groceries
-
pay 29.5% less in Ferrara
- Transportation
-
pay 30.4% less in Ferrara
- Housing
-
pay 12.8% less in Ferrara
- Childcare
-
pay 49.0% more in Ferrara
- Entertainment and Sports
-
pay 52.0% less in Ferrara
- Clothing
-
pay 35.9% less in Ferrara
Expenses including entertainment and sports, clothing, restaurants, transportation, groceries, and housing are lower in Ferrara.
If you lived in Ferrara instead of Reykjavik, you would:
pay 32.8% less for restaurants
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,493
|
$17.15
€14.85
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,246
|
$10.72
€9.28
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK393
|
$2.36
€2.04
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK272
|
$1.07
€0.93
|
|
pay 29.5% less for groceries
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK450
|
$2.26
€1.96
|
|
| Local cheese (8 oz) |
$7.76
ISK967
|
$5.93
€5.13
|
|
| Milk (1 gallon) |
$6.40
ISK798
|
$5.21
€4.51
|
|
|
Eggs
1 dozen
|
$5.76
ISK718
|
$3.52
€3.04
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,178
|
$4.67
€4.05
|
|
| Apples (1 lb) |
$1.40
ISK175
|
$0.73
€0.63
|
|
| Bananas (1 lb) |
$1.01
ISK126
|
$0.82
€0.71
|
|
| Oranges (1 lb) |
$1.22
ISK152
|
$1.21
€1.04
|
|
| Tomatoes (1 lb) |
$2.22
ISK277
|
$1.76
€1.53
|
|
| Potatoes (1 lb) |
$1.43
ISK179
|
$0.80
€0.69
|
|
| Onions (1 lb) |
$0.93
ISK116
|
$0.72
€0.62
|
|
pay 30.4% less for transportation
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,060
|
$7.29
€6.32
|
|
| Monthly public transit pass |
$74.95
ISK9,343
|
$33.22
€28.77
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,291,449
|
$34,832.30
€30,159.13
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK2,998
|
$15.97
€13.83
|
|
pay 12.8% less for housing
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,709
|
$28.84
€24.97
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK245,706
|
$589.47
€510.39
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK224,799
|
$535.88
€463.99
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,725
|
$133.87
€115.91
|
|
pay 49.0% more for childcare
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK31,429
|
$578.75
€501.11
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK747,151
|
$4,108.43
€3,557.23
|
|
pay 52.0% less for entertainment and sports
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,348
|
$5.36
€4.64
|
|
| Cappuccino in mid-range area |
$5.31
ISK661
|
$1.80
€1.56
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,526
|
$6.43
€5.57
|
|
| Monthly membership at local gym |
$69.95
ISK8,719
|
$32.15
€27.84
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,842
|
$8.57
€7.42
|
|
pay 35.9% less for clothing
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,583
|
$75.02
€64.96
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,198
|
$35.73
€30.93
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK18,929
|
$100.48
€87.00
|
|
| Men's business shoes (leather) |
$194.16
ISK24,202
|
$96.46
€83.52
|
|
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