Cost of living comparison
Gibraltar is 12.3% more expensive than Reykjavik.
- Restaurants
-
pay 19.7% less in Gibraltar
- Groceries
-
pay 5.6% less in Gibraltar
- Transportation
-
pay 34.4% less in Gibraltar
- Housing
-
pay 3.2% more in Gibraltar
- Childcare
-
pay 2.9 times more in Gibraltar
- Entertainment and Sports
-
pay 34.1% less in Gibraltar
- Clothing
-
pay 16.4% less in Gibraltar
The cost of childcare and housing in Gibraltar are more expensive than in Reykjavik. Expenses including transportation, entertainment and sports, restaurants, clothing, and groceries are lower in Gibraltar. Notably, childcare is significantly more expensive in Gibraltar.
If you lived in Gibraltar instead of Reykjavik, you would:
pay 19.7% less for restaurants
|
Reykjavik
|
Gibraltar
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,545
|
$20.66
GIP15.35
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,293
|
$10.98
GIP8.16
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK401
|
$2.15
GIP1.60
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK278
|
$1.94
GIP1.44
|
|
pay 5.6% less for groceries
|
Reykjavik
|
Gibraltar
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK459
|
$1.78
GIP1.32
|
|
| Local cheese (8 oz) |
$7.76
ISK987
|
$4.65
GIP3.45
|
|
| Milk (1 gallon) |
$6.40
ISK815
|
$8.40
GIP6.24
|
|
|
Eggs
1 dozen
|
$5.76
ISK733
|
$3.80
GIP2.82
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,202
|
$3.99
GIP2.96
|
|
| Apples (1 lb) |
$1.40
ISK178
|
$1.83
GIP1.36
|
|
| Bananas (1 lb) |
$1.01
ISK128
|
$1.61
GIP1.20
|
|
| Oranges (1 lb) |
$1.22
ISK155
|
$1.86
GIP1.38
|
|
| Tomatoes (1 lb) |
$2.22
ISK283
|
$1.76
GIP1.31
|
|
| Potatoes (1 lb) |
$1.43
ISK183
|
$1.05
GIP0.78
|
|
| Onions (1 lb) |
$0.93
ISK119
|
$0.88
GIP0.66
|
|
pay 34.4% less for transportation
|
Reykjavik
|
Gibraltar
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,082
|
$5.96
GIP4.43
|
|
| Monthly public transit pass |
$74.95
ISK9,538
|
$8.33
GIP6.19
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,401,820
|
$31,804.11
GIP23,628.29
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,060
|
$25.57
GIP19.00
|
|
pay 3.2% more for housing
|
Reykjavik
|
Gibraltar
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,890
|
$54.78
GIP40.70
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK250,832
|
$1,685.73
GIP1,252.38
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK229,488
|
$1,569.58
GIP1,166.09
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,866
|
$87.28
GIP64.85
|
|
pay 2.9 times more for childcare
|
Reykjavik
|
Gibraltar
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK32,085
|
$825.15
GIP613.03
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK762,736
|
$15,498.45
GIP11,514.29
|
|
pay 34.1% less for entertainment and sports
|
Reykjavik
|
Gibraltar
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,376
|
$5.17
GIP3.84
|
|
| Cappuccino in mid-range area |
$5.31
ISK675
|
$3.14
GIP2.33
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,558
|
$4.65
GIP3.45
|
|
| Monthly membership at local gym |
$69.95
ISK8,901
|
$76.95
GIP57.17
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,880
|
$10.98
GIP8.16
|
|
pay 16.4% less for clothing
|
Reykjavik
|
Gibraltar
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,867
|
$128.35
GIP95.35
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,327
|
$42.78
GIP31.78
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK19,323
|
$130.95
GIP97.29
|
|
| Men's business shoes (leather) |
$194.16
ISK24,707
|
$86.10
GIP63.97
|
|
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