Cost of living comparison
Munich is 32.9% more expensive than Reykjavik.
If you lived in Munich instead of Reykjavik, you would:
pay 8.4% more for restaurants
|
Reykjavik
|
Munich
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,775
|
$18.76
€17.50
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,500
|
$12.59
€11.75
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK438
|
$3.75
€3.50
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK303
|
$3.30
€3.08
|
|
pay 23.6% less for groceries
|
Reykjavik
|
Munich
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK501
|
$2.23
€2.08
|
|
| Local cheese (8 oz) |
$7.76
ISK1,076
|
$7.11
€6.64
|
|
| Milk (1 gallon) |
$6.40
ISK889
|
$4.98
€4.65
|
|
|
Eggs
1 dozen
|
$5.76
ISK799
|
$3.46
€3.23
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,311
|
$5.35
€4.99
|
|
| Apples (1 lb) |
$1.40
ISK195
|
$1.45
€1.35
|
|
| Bananas (1 lb) |
$1.01
ISK140
|
$0.85
€0.79
|
|
| Oranges (1 lb) |
$1.22
ISK169
|
$1.12
€1.05
|
|
| Tomatoes (1 lb) |
$2.22
ISK309
|
$1.77
€1.65
|
|
| Potatoes (1 lb) |
$1.43
ISK199
|
$0.77
€0.72
|
|
| Onions (1 lb) |
$0.93
ISK130
|
$0.74
€0.69
|
|
pay 15.8% less for transportation
|
Reykjavik
|
Munich
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,179
|
$7.17
€6.69
|
|
| Monthly public transit pass |
$74.95
ISK10,399
|
$52.52
€49.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,889,576
|
$29,130.52
€27,177.79
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,337
|
$27.33
€25.50
|
|
pay 84.5% more for housing
|
Reykjavik
|
Munich
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,693
|
$40.50
€37.79
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK273,480
|
$1,553.51
€1,449.37
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK250,209
|
$1,276.11
€1,190.57
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,485
|
$286.21
€267.02
|
|
pay 3.3 times more for childcare
|
Reykjavik
|
Munich
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK34,982
|
$995.31
€928.59
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK831,607
|
$15,451.25
€14,415.49
|
|
pay 26.4% less for entertainment and sports
|
Reykjavik
|
Munich
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,500
|
$5.20
€4.85
|
|
| Cappuccino in mid-range area |
$5.31
ISK736
|
$4.12
€3.85
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,699
|
$8.79
€8.20
|
|
| Monthly membership at local gym |
$69.95
ISK9,704
|
$53.34
€49.76
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,050
|
$13.93
€13.00
|
|
pay 22.8% less for clothing
|
Reykjavik
|
Munich
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,119
|
$98.86
€92.23
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,898
|
$40.95
€38.20
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,068
|
$98.57
€91.96
|
|
| Men's business shoes (leather) |
$194.16
ISK26,937
|
$137.28
€128.08
|
|
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