Cost of living comparison
Innsbruck is 20.9% more expensive than Reykjavik.
- Restaurants
-
pay 0.6% more in Innsbruck
- Groceries
-
pay 12.2% less in Innsbruck
- Transportation
-
pay 14.3% less in Innsbruck
- Housing
-
pay 68.8% more in Innsbruck
- Childcare
-
pay 2.5 times more in Innsbruck
- Entertainment and Sports
-
pay 33.2% less in Innsbruck
- Clothing
-
pay 11.6% less in Innsbruck
The cost of childcare, housing, and restaurants in Innsbruck are more expensive than in Reykjavik. Expenses including entertainment and sports, transportation, groceries, and clothing are lower in Innsbruck. Notably, childcare is significantly more expensive in Innsbruck.
If you lived in Innsbruck instead of Reykjavik, you would:
pay 0.6% more for restaurants
|
Reykjavik
|
Innsbruck
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,796
|
$13.13
€12.73
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,519
|
$10.72
€10.39
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK441
|
$4.29
€4.16
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK305
|
$3.09
€2.99
|
|
pay 12.2% less for groceries
|
Reykjavik
|
Innsbruck
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK505
|
$2.88
€2.79
|
|
| Local cheese (8 oz) |
$7.76
ISK1,084
|
$9.91
€9.61
|
|
| Milk (1 gallon) |
$6.40
ISK895
|
$6.28
€6.09
|
|
|
Eggs
1 dozen
|
$5.76
ISK805
|
$4.81
€4.67
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,321
|
$5.47
€5.30
|
|
| Apples (1 lb) |
$1.40
ISK196
|
$1.26
€1.23
|
|
| Bananas (1 lb) |
$1.01
ISK141
|
$1.00
€0.97
|
|
| Oranges (1 lb) |
$1.22
ISK170
|
$1.12
€1.09
|
|
| Tomatoes (1 lb) |
$2.22
ISK311
|
$2.11
€2.04
|
|
| Potatoes (1 lb) |
$1.43
ISK201
|
$0.80
€0.78
|
|
| Onions (1 lb) |
$0.93
ISK131
|
$0.81
€0.78
|
|
pay 14.3% less for transportation
|
Reykjavik
|
Innsbruck
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,188
|
$6.28
€6.09
|
|
| Monthly public transit pass |
$74.95
ISK10,477
|
$63.98
€62.05
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,933,724
|
$28,937.60
€28,063.43
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,362
|
$27.71
€26.87
|
|
pay 68.8% more for housing
|
Reykjavik
|
Innsbruck
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,766
|
$37.77
€36.63
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK275,530
|
$1,214.66
€1,177.97
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK252,085
|
$1,014.01
€983.37
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,542
|
$271.49
€263.29
|
|
pay 2.5 times more for childcare
|
Reykjavik
|
Innsbruck
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK35,244
|
$653.51
€633.77
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK837,840
|
$14,183.00
€13,754.54
|
|
pay 33.2% less for entertainment and sports
|
Reykjavik
|
Innsbruck
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,511
|
$4.82
€4.68
|
|
| Cappuccino in mid-range area |
$5.31
ISK742
|
$4.07
€3.95
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,712
|
$6.97
€6.76
|
|
| Monthly membership at local gym |
$69.95
ISK9,777
|
$48.23
€46.77
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,065
|
$12.86
€12.47
|
|
pay 11.6% less for clothing
|
Reykjavik
|
Innsbruck
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,232
|
$111.64
€108.27
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,950
|
$45.66
€44.28
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,226
|
$113.37
€109.95
|
|
| Men's business shoes (leather) |
$194.16
ISK27,139
|
$164.84
€159.86
|
|
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