Cost of living comparison
Monaco is 2.7 times more expensive than Reykjavik.
If you lived in Monaco instead of Reykjavik, you would:
pay 75.9% more for restaurants
|
Reykjavik
|
Monaco
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,967
|
$25.99
€23.90
|
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,374
|
$10.83
€9.96
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK399
|
$5.09
€4.68
|
|
| Bottle of water (11 fl. oz) |
$2.07
ISK285
|
$7.15
€6.58
|
|
pay 2.4% less for groceries
|
Reykjavik
|
Monaco
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.68
ISK506
|
$5.23
€4.81
|
|
| Local cheese (8 oz) |
$7.66
ISK1,052
|
$8.12
€7.47
|
|
| Milk (1 gallon) |
$6.16
ISK847
|
$7.17
€6.60
|
|
|
Eggs
1 dozen
|
$5.91
ISK813
|
$3.60
€3.31
|
|
| Boneless chicken breast (1 lb) |
$8.87
ISK1,220
|
$4.81
€4.42
|
|
| Apples (1 lb) |
$1.53
ISK210
|
$1.15
€1.05
|
|
| Bananas (1 lb) |
$0.97
ISK133
|
$1.23
€1.13
|
|
| Oranges (1 lb) |
$1.26
ISK173
|
$1.23
€1.13
|
|
| Tomatoes (1 lb) |
$2.23
ISK306
|
$1.82
€1.67
|
|
| Potatoes (1 lb) |
$1.42
ISK195
|
$0.96
€0.88
|
|
| Onions (1 lb) |
$1.01
ISK139
|
$1.47
€1.35
|
|
pay 15.8% less for transportation
|
Reykjavik
|
Monaco
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.57
ISK1,179
|
$8.64
€7.94
|
|
| Monthly public transit pass |
$66.92
ISK9,198
|
$23.83
€21.91
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,726,259
|
$46,760.68
€43,000.32
|
|
| Taxi trip in downtown area (5 miles) |
$23.30
ISK3,202
|
$20.58
€18.92
|
|
pay 3.2 times more for housing
|
Reykjavik
|
Monaco
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,408
|
$61.73
€56.77
|
|
| 1-Bedroom apartment in downtown area |
$1,864.13
ISK256,225
|
$8,169.63
€7,512.66
|
|
| 1-Bedroom apartment outside city center |
$1,666.20
ISK229,019
|
$6,497.92
€5,975.38
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,856
|
$237.50
€218.40
|
|
pay 8.0 times more for childcare
|
Reykjavik
|
Monaco
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$240.37
ISK33,039
|
$2,111.82
€1,942.00
|
|
| Middle school for 1 child, two semesters |
$5,984.07
ISK822,511
|
$43,184.11
€39,711.38
|
|
pay 2.4 times more for entertainment and sports
|
Reykjavik
|
Monaco
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.79
ISK1,483
|
$8.12
€7.47
|
|
| Cappuccino in mid-range area |
$5.09
ISK699
|
$5.67
€5.21
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,632
|
$13.54
€12.45
|
|
| Monthly membership at local gym |
$65.50
ISK9,003
|
$521.19
€479.28
|
|
| Movie ticket to theater/cinema |
$14.39
ISK1,978
|
$13.00
€11.95
|
|
pay 2.0 times more for clothing
|
Reykjavik
|
Monaco
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$103.94
ISK14,287
|
$162.81
€149.72
|
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK5,978
|
$65.34
€60.09
|
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,445
|
$187.00
€171.96
|
|
| Men's business shoes (leather) |
$174.65
ISK24,006
|
$632.46
€581.60
|
|
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