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
ISK2,545
|
$17.15
€15.11
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,293
|
$10.72
€9.44
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK401
|
$2.36
€2.08
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK278
|
$1.07
€0.94
|
|
pay 29.5% less for groceries
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK459
|
$2.26
€1.99
|
|
| Local cheese (8 oz) |
$7.76
ISK987
|
$5.93
€5.22
|
|
| Milk (1 gallon) |
$6.40
ISK815
|
$5.21
€4.59
|
|
|
Eggs
1 dozen
|
$5.76
ISK733
|
$3.52
€3.10
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,202
|
$4.67
€4.12
|
|
| Apples (1 lb) |
$1.40
ISK178
|
$0.73
€0.64
|
|
| Bananas (1 lb) |
$1.01
ISK128
|
$0.82
€0.72
|
|
| Oranges (1 lb) |
$1.22
ISK155
|
$1.21
€1.06
|
|
| Tomatoes (1 lb) |
$2.22
ISK283
|
$1.76
€1.55
|
|
| Potatoes (1 lb) |
$1.43
ISK183
|
$0.80
€0.70
|
|
| Onions (1 lb) |
$0.93
ISK119
|
$0.72
€0.63
|
|
pay 30.4% less for transportation
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,082
|
$7.29
€6.43
|
|
| Monthly public transit pass |
$74.95
ISK9,538
|
$33.22
€29.28
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,401,820
|
$34,832.30
€30,695.62
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,060
|
$15.97
€14.07
|
|
pay 12.8% less for housing
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,890
|
$28.84
€25.41
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK250,832
|
$589.47
€519.46
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK229,488
|
$535.88
€472.24
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,866
|
$133.87
€117.97
|
|
pay 49.0% more for childcare
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK32,085
|
$578.75
€510.02
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK762,736
|
$4,108.43
€3,620.51
|
|
pay 52.0% less for entertainment and sports
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,376
|
$5.36
€4.72
|
|
| Cappuccino in mid-range area |
$5.31
ISK675
|
$1.80
€1.59
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,558
|
$6.43
€5.67
|
|
| Monthly membership at local gym |
$69.95
ISK8,901
|
$32.15
€28.33
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,880
|
$8.57
€7.56
|
|
pay 35.9% less for clothing
|
Reykjavik
|
Ferrara
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,867
|
$75.02
€66.11
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,327
|
$35.73
€31.48
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK19,323
|
$100.48
€88.55
|
|
| Men's business shoes (leather) |
$194.16
ISK24,707
|
$96.46
€85.00
|
|
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