Cost of living comparison
Milan is 18.9% more expensive than Reykjavik.
If you lived in Milan instead of Reykjavik, you would:
pay 14.3% less for restaurants
Reykjavik
|
Milan
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,941
|
$21.66
€19.39
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,353
|
$10.83
€9.70
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK396
|
$3.12
€2.80
|
|
Bottle of water (11 fl. oz) |
$2.07
ISK282
|
$1.50
€1.34
|
|
pay 18.0% less for groceries
Reykjavik
|
Milan
|
||
---|---|---|---|
Bread
1 loaf
|
$3.68
ISK502
|
$2.64
€2.36
|
|
Local cheese (8 oz) |
$7.66
ISK1,043
|
$8.46
€7.58
|
|
Milk (1 gallon) |
$6.16
ISK840
|
$6.56
€5.87
|
|
Eggs
1 dozen
|
$5.91
ISK806
|
$4.15
€3.71
|
|
Boneless chicken breast (1 lb) |
$8.87
ISK1,209
|
$5.71
€5.11
|
|
Apples (1 lb) |
$1.53
ISK208
|
$1.11
€1.00
|
|
Bananas (1 lb) |
$0.97
ISK132
|
$0.95
€0.85
|
|
Oranges (1 lb) |
$1.26
ISK172
|
$1.20
€1.08
|
|
Tomatoes (1 lb) |
$2.23
ISK304
|
$1.62
€1.45
|
|
Potatoes (1 lb) |
$1.42
ISK193
|
$0.84
€0.75
|
|
Onions (1 lb) |
$1.01
ISK138
|
$0.81
€0.73
|
|
pay 16.9% less for transportation
Reykjavik
|
Milan
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.57
ISK1,168
|
$7.67
€6.87
|
|
Monthly public transit pass |
$66.92
ISK9,118
|
$42.24
€37.81
|
|
New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,676,683
|
$30,323.64
€27,146.18
|
|
Taxi trip in downtown area (5 miles) |
$23.30
ISK3,175
|
$24.91
€22.30
|
|
pay 29.0% more for housing
Reykjavik
|
Milan
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,327
|
$29.17
€26.11
|
|
1-Bedroom apartment in downtown area |
$1,864.13
ISK254,007
|
$1,524.42
€1,364.69
|
|
1-Bedroom apartment outside city center |
$1,666.20
ISK227,036
|
$1,033.99
€925.65
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,780
|
$212.15
€189.92
|
|
pay 3.0 times more for childcare
Reykjavik
|
Milan
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$240.37
ISK32,753
|
$855.31
€765.68
|
|
Middle school for 1 child, two semesters |
$5,984.07
ISK815,390
|
$14,265.21
€12,770.43
|
|
pay 32.6% less for entertainment and sports
Reykjavik
|
Milan
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$10.79
ISK1,471
|
$6.50
€5.82
|
|
Cappuccino in mid-range area |
$5.09
ISK693
|
$2.10
€1.88
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,618
|
$6.50
€5.82
|
|
Monthly membership at local gym |
$65.50
ISK8,925
|
$69.19
€61.94
|
|
Movie ticket to theater/cinema |
$14.39
ISK1,961
|
$10.83
€9.70
|
|
pay 11.7% less for clothing
Reykjavik
|
Milan
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$103.94
ISK14,163
|
$102.28
€91.56
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK5,927
|
$39.36
€35.24
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,277
|
$106.96
€95.75
|
|
Men's business shoes (leather) |
$174.65
ISK23,798
|
$155.03
€138.79
|
|
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