Cost of living comparison

 Reykjavik, Iceland
compared to
 Incheon, South Korea
Incheon vs. Reykjavik Cost of Living Summary

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.

Incheon vs. Reykjavik Cost Breakdown

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

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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

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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

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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

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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

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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

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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

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025
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