Cost of living comparison

Reykjavik, Iceland

compared to

Macedonia

Macedonia vs. Reykjavik Cost of Living Summary

Macedonia is 54.3% cheaper than Reykjavik.

Restaurants: pay 63.7% less in Macedonia
Groceries: pay 60.9% less in Macedonia
Transportation: pay 52.6% less in Macedonia
Housing: pay 41.5% less in Macedonia
Childcare: pay 39.6% less in Macedonia
Entertainment and Sports: pay 72.7% less in Macedonia
Clothing: pay 49.1% less in Macedonia

Expenses including entertainment and sports, restaurants, groceries, transportation, clothing, and housing are lower in Macedonia.

Macedonia vs. Reykjavik Cost Breakdown

If you lived in Macedonia instead of Reykjavik, you would:

Display currency: USD

pay 63.7% less for restaurants

	Reykjavik	Macedonia
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,419	$5.21 MKD272.41	-73.9%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,179	$4.44 MKD231.75	-75.4%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK381	$1.47 MKD77.04	-53.2%
Bottle of water (11 fl. oz)	$2.19 ISK264	$1.04 MKD54.52	-52.2%
Average			-63.7%

Reykjavik vs. Macedonia - Cost of restaurants

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pay 60.9% less for groceries

	Reykjavik	Macedonia
Bread 1 loaf	$3.61 ISK437	$0.67 MKD35.06	-81.4%
Local cheese (8 oz)	$7.76 ISK938	$3.49 MKD182.24	-55.0%
Milk (1 gallon)	$6.40 ISK774	$4.51 MKD235.37	-29.6%
Eggs 1 dozen	$5.76 ISK696	$2.07 MKD107.87	-64.1%
Boneless chicken breast (1 lb)	$9.45 ISK1,142	$2.81 MKD146.69	-70.3%
Apples (1 lb)	$1.40 ISK170	$0.40 MKD20.74	-71.7%
Bananas (1 lb)	$1.01 ISK122	$0.58 MKD30.54	-42.1%
Oranges (1 lb)	$1.22 ISK147	$0.50 MKD26.19	-58.8%
Tomatoes (1 lb)	$2.22 ISK269	$0.67 MKD34.86	-70.0%
Potatoes (1 lb)	$1.43 ISK173	$0.39 MKD20.18	-73.1%
Onions (1 lb)	$0.93 ISK113	$0.43 MKD22.65	-53.6%
Average			-60.9%

Reykjavik vs. Macedonia - Cost of groceries

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pay 52.6% less for transportation

	Reykjavik	Macedonia
Gasoline (1 gallon)	$8.50 ISK1,028	$5.31 MKD277.21	-37.6%
Monthly public transit pass	$74.95 ISK9,064	$24.47 MKD1,278.35	-67.4%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,133,533	$30,527.06 MKD1,594,637.30	-28.1%
Taxi trip in downtown area (5 miles)	$24.05 ISK2,908	$5.46 MKD285.38	-77.3%
Average			-52.6%

Reykjavik vs. Macedonia - Cost of transportation

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pay 41.5% less for housing

	Reykjavik	Macedonia
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,449	$16.42 MKD857.90	-76.5%
1-Bedroom apartment in downtown area	$1,971.17 ISK238,374	$243.32 MKD12,710.49	-87.7%
1-Bedroom apartment outside city center	$1,803.44 ISK218,090	$180.36 MKD9,421.46	-90.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,525	$101.51 MKD5,302.31	+88.1%
Average			-41.5%

Reykjavik vs. Macedonia - Cost of housing

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pay 39.6% less for childcare

	Reykjavik	Macedonia
Private preschool for 1 child, monthly	$252.14 ISK30,491	$225.27 MKD11,767.36	-10.7%
Middle school for 1 child, two semesters	$5,993.99 ISK724,854	$1,883.00 MKD98,361.98	-68.6%
Average			-39.6%

Reykjavik vs. Macedonia - Cost of childcare

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pay 72.7% less for entertainment and sports

	Reykjavik	Macedonia
Domestic/local beer (1 pint)	$10.81 ISK1,307	$1.78 MKD93.14	-83.5%
Cappuccino in mid-range area	$5.31 ISK642	$1.56 MKD81.57	-70.6%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,481	$2.74 MKD143.14	-77.6%
Monthly membership at local gym	$69.95 ISK8,459	$25.10 MKD1,310.93	-64.1%
Movie ticket to theater/cinema	$14.77 ISK1,787	$4.74 MKD247.73	-67.9%
Average			-72.7%

Reykjavik vs. Macedonia - Cost of entertainment and sports

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pay 49.1% less for clothing

	Reykjavik	Macedonia
Regular jeans Levi's brand	$108.97 ISK13,178	$50.12 MKD2,618.32	-54.0%
Regular dress from H&M or similar store	$49.72 ISK6,013	$33.45 MKD1,747.21	-32.7%
Running shoes Nike or Adidas	$151.85 ISK18,364	$72.27 MKD3,775.40	-52.4%
Men's business shoes (leather)	$194.16 ISK23,480	$82.74 MKD4,321.91	-57.4%
Average			-49.1%

Reykjavik vs. Macedonia - Cost of clothing

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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: July 2025

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