Cost of living comparison
Monaco is 2.7 times more expensive than Reykjavik.
- Restaurants
-
pay 61.3% more in Monaco
- Groceries
-
pay 7.2% more in Monaco
- Transportation
-
pay 18.6% less in Monaco
- Housing
-
pay 3.2 times more in Monaco
- Childcare
-
pay 7.7 times more in Monaco
- Entertainment and Sports
-
pay 2.3 times more in Monaco
- Clothing
-
pay 94.5% more in Monaco
The cost of childcare, housing, entertainment and sports, clothing, restaurants, and groceries in Monaco are more expensive than in Reykjavik. Notably, childcare, housing, and entertainment and sports are significantly more expensive in Monaco.
If you lived in Monaco instead of Reykjavik, you would:
pay 61.3% more for restaurants
Reykjavik
|
Monaco
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,664
|
$20.90
€19.22
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,400
|
$12.33
€11.33
|
|
Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK420
|
$4.67
€4.30
|
|
Bottle of water (11 fl. oz) |
$2.19
ISK291
|
$7.08
€6.51
|
|
pay 7.2% more for groceries
Reykjavik
|
Monaco
|
||
---|---|---|---|
Bread
1 loaf
|
$3.61
ISK481
|
$6.56
€6.04
|
|
Local cheese (8 oz) |
$7.76
ISK1,033
|
$8.04
€7.39
|
|
Milk (1 gallon) |
$6.40
ISK853
|
$7.10
€6.53
|
|
Eggs
1 dozen
|
$5.76
ISK767
|
$3.56
€3.27
|
|
Boneless chicken breast (1 lb) |
$9.45
ISK1,258
|
$4.76
€4.38
|
|
Apples (1 lb) |
$1.40
ISK187
|
$2.07
€1.90
|
|
Bananas (1 lb) |
$1.01
ISK134
|
$1.22
€1.12
|
|
Oranges (1 lb) |
$1.22
ISK162
|
$1.22
€1.12
|
|
Tomatoes (1 lb) |
$2.22
ISK296
|
$1.80
€1.65
|
|
Potatoes (1 lb) |
$1.43
ISK191
|
$0.95
€0.87
|
|
Onions (1 lb) |
$0.93
ISK124
|
$1.46
€1.34
|
|
pay 18.6% less for transportation
Reykjavik
|
Monaco
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.50
ISK1,132
|
$8.55
€7.86
|
|
Monthly public transit pass |
$74.95
ISK9,984
|
$23.58
€21.68
|
|
New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,654,400
|
$46,276.05
€42,554.67
|
|
Taxi trip in downtown area (5 miles) |
$24.05
ISK3,204
|
$20.36
€18.73
|
|
pay 3.2 times more for housing
Reykjavik
|
Monaco
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,306
|
$61.09
€56.18
|
|
1-Bedroom apartment in downtown area |
$1,971.17
ISK262,560
|
$8,084.96
€7,434.80
|
|
1-Bedroom apartment outside city center |
$1,803.44
ISK240,218
|
$6,430.58
€5,913.45
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,187
|
$235.04
€216.14
|
|
pay 7.7 times more for childcare
Reykjavik
|
Monaco
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$252.14
ISK33,585
|
$2,089.94
€1,921.87
|
|
Middle school for 1 child, two semesters |
$5,993.99
ISK798,400
|
$42,736.55
€39,299.81
|
|
pay 2.3 times more for entertainment and sports
Reykjavik
|
Monaco
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$10.81
ISK1,440
|
$8.57
€7.88
|
|
Cappuccino in mid-range area |
$5.31
ISK707
|
$6.62
€6.09
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,631
|
$13.40
€12.32
|
|
Monthly membership at local gym |
$69.95
ISK9,317
|
$515.79
€474.31
|
|
Movie ticket to theater/cinema |
$14.77
ISK1,968
|
$12.86
€11.83
|
|
pay 94.5% more for clothing
Reykjavik
|
Monaco
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.97
ISK14,515
|
$174.43
€160.40
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,623
|
$75.29
€69.24
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,227
|
$219.18
€201.55
|
|
Men's business shoes (leather) |
$194.16
ISK25,862
|
$625.91
€575.58
|
|
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