Cost of living comparison
Italy is 14.0% cheaper than Reykjavik.
If you lived in Italy instead of Reykjavik, you would:
pay 31.7% less for restaurants
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,783
|
$16.15
€15.48
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,507
|
$10.06
€9.65
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK439
|
$2.55
€2.44
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK304
|
$1.22
€1.17
|
|
pay 30.0% less for groceries
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK502
|
$2.04
€1.96
|
|
| Local cheese (8 oz) |
$7.76
ISK1,079
|
$6.83
€6.55
|
|
| Milk (1 gallon) |
$6.40
ISK891
|
$5.53
€5.30
|
|
|
Eggs
1 dozen
|
$5.76
ISK801
|
$3.41
€3.27
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,314
|
$5.05
€4.84
|
|
| Apples (1 lb) |
$1.40
ISK195
|
$0.97
€0.93
|
|
| Bananas (1 lb) |
$1.01
ISK140
|
$0.85
€0.81
|
|
| Oranges (1 lb) |
$1.22
ISK169
|
$1.04
€1.00
|
|
| Tomatoes (1 lb) |
$2.22
ISK309
|
$1.31
€1.26
|
|
| Potatoes (1 lb) |
$1.43
ISK200
|
$0.76
€0.73
|
|
| Onions (1 lb) |
$0.93
ISK130
|
$0.71
€0.68
|
|
pay 29.3% less for transportation
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,183
|
$7.22
€6.93
|
|
| Monthly public transit pass |
$74.95
ISK10,428
|
$38.81
€37.21
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,906,131
|
$28,223.13
€27,059.58
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,346
|
$19.13
€18.34
|
|
pay 4.6% less for housing
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,720
|
$28.87
€27.68
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK274,249
|
$656.19
€629.13
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK250,913
|
$511.91
€490.81
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,507
|
$150.39
€144.19
|
|
pay 79.8% more for childcare
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK35,080
|
$508.72
€487.75
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK833,944
|
$9,465.55
€9,075.31
|
|
pay 46.6% less for entertainment and sports
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,504
|
$5.01
€4.80
|
|
| Cappuccino in mid-range area |
$5.31
ISK738
|
$1.69
€1.62
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,704
|
$6.20
€5.94
|
|
| Monthly membership at local gym |
$69.95
ISK9,732
|
$52.12
€49.97
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,056
|
$9.39
€9.00
|
|
pay 35.9% less for clothing
|
Reykjavik
|
Italy
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,161
|
$78.41
€75.18
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,918
|
$33.87
€32.47
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,127
|
$86.07
€82.52
|
|
| Men's business shoes (leather) |
$194.16
ISK27,013
|
$115.43
€110.67
|
|
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