Cost of living comparison
Incheon is 7.2% cheaper than Reykjavik.
- Restaurants
-
pay 64.9% less in Incheon
- Groceries
-
pay 14.2% more in Incheon
- Transportation
-
pay 54.5% less in Incheon
- Housing
-
pay 19.4% less in Incheon
- Childcare
-
pay 2.7 times more in Incheon
- Entertainment and Sports
-
pay 50.6% less in Incheon
- Clothing
-
pay 44.9% less in Incheon
The cost of childcare and groceries in Incheon are more expensive than in Reykjavik. Expenses including restaurants, transportation, entertainment and sports, clothing, and housing are lower in Incheon. Notably, childcare is significantly more expensive in Incheon.
If you lived in Incheon instead of Reykjavik, you would:
pay 64.9% less for restaurants
|
Reykjavik
|
Incheon
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,493
|
$6.45
₩8,803
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,246
|
$5.91
₩8,070
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK393
|
$1.32
₩1,810
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK272
|
$0.73
₩998
|
|
pay 14.2% more for groceries
|
Reykjavik
|
Incheon
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK450
|
$3.10
₩4,239
|
|
| Local cheese (8 oz) |
$7.76
ISK967
|
$6.52
₩8,911
|
|
| Milk (1 gallon) |
$6.40
ISK798
|
$7.86
₩10,738
|
|
|
Eggs
1 dozen
|
$5.76
ISK718
|
$3.06
₩4,177
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,178
|
$3.57
₩4,881
|
|
| Apples (1 lb) |
$1.40
ISK175
|
$3.30
₩4,504
|
|
| Bananas (1 lb) |
$1.01
ISK126
|
$1.41
₩1,923
|
|
| Oranges (1 lb) |
$1.22
ISK152
|
$2.49
₩3,402
|
|
| Tomatoes (1 lb) |
$2.22
ISK277
|
$2.68
₩3,667
|
|
| Potatoes (1 lb) |
$1.43
ISK179
|
$1.35
₩1,849
|
|
| Onions (1 lb) |
$0.93
ISK116
|
$0.73
₩998
|
|
pay 54.5% less for transportation
|
Reykjavik
|
Incheon
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,060
|
$4.41
₩6,019
|
|
| Monthly public transit pass |
$74.95
ISK9,343
|
$25.03
₩34,192
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,291,449
|
$27,023.07
₩36,906,983
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK2,998
|
$7.91
₩10,799
|
|
pay 19.4% less for housing
|
Reykjavik
|
Incheon
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,709
|
$22.27
₩30,421
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK245,706
|
$489.41
₩668,410
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK224,799
|
$334.23
₩456,475
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,725
|
$133.35
₩182,128
|
|
pay 2.7 times more for childcare
|
Reykjavik
|
Incheon
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK31,429
|
$276.93
₩378,222
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK747,151
|
$25,783.32
₩35,213,787
|
|
pay 50.6% less for entertainment and sports
|
Reykjavik
|
Incheon
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,348
|
$2.86
₩3,913
|
|
| Cappuccino in mid-range area |
$5.31
ISK661
|
$3.46
₩4,728
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,526
|
$3.22
₩4,402
|
|
| Monthly membership at local gym |
$69.95
ISK8,719
|
$39.21
₩53,554
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,842
|
$10.74
₩14,672
|
|
pay 44.9% less for clothing
|
Reykjavik
|
Incheon
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,583
|
$58.49
₩79,883
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,198
|
$37.24
₩50,864
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK18,929
|
$60.88
₩83,144
|
|
| Men's business shoes (leather) |
$194.16
ISK24,202
|
$100.27
₩136,943
|
|
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