Cost of living comparison
Nicosia is 21.6% cheaper than Reykjavik.
- Restaurants
-
pay 54.1% less in Nicosia
- Groceries
-
pay 31.7% less in Nicosia
- Transportation
-
pay 33.8% less in Nicosia
- Housing
-
pay 1.2% less in Nicosia
- Childcare
-
pay 43.7% more in Nicosia
- Entertainment and Sports
-
pay 37.0% less in Nicosia
- Clothing
-
pay 37.0% less in Nicosia
Expenses including restaurants, entertainment and sports, clothing, transportation, groceries, and housing are lower in Nicosia.
If you lived in Nicosia instead of Reykjavik, you would:
pay 54.1% less for restaurants
|
Reykjavik
|
Nicosia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,569
|
$12.33
€10.85
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,314
|
$7.50
€6.61
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK405
|
$1.47
€1.29
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK281
|
$0.73
€0.65
|
|
pay 31.7% less for groceries
|
Reykjavik
|
Nicosia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK464
|
$1.85
€1.63
|
|
| Local cheese (8 oz) |
$7.76
ISK996
|
$6.54
€5.76
|
|
| Milk (1 gallon) |
$6.40
ISK822
|
$7.37
€6.49
|
|
|
Eggs
1 dozen
|
$5.76
ISK739
|
$3.68
€3.24
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,213
|
$3.97
€3.50
|
|
| Apples (1 lb) |
$1.40
ISK180
|
$1.20
€1.06
|
|
| Bananas (1 lb) |
$1.01
ISK130
|
$0.89
€0.78
|
|
| Oranges (1 lb) |
$1.22
ISK156
|
$0.82
€0.72
|
|
| Tomatoes (1 lb) |
$2.22
ISK286
|
$1.17
€1.03
|
|
| Potatoes (1 lb) |
$1.43
ISK184
|
$0.54
€0.48
|
|
| Onions (1 lb) |
$0.93
ISK120
|
$0.60
€0.53
|
|
pay 33.8% less for transportation
|
Reykjavik
|
Nicosia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,092
|
$5.64
€4.97
|
|
| Monthly public transit pass |
$74.95
ISK9,626
|
$53.59
€47.18
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,451,803
|
$28,348.13
€24,958.75
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,089
|
$14.47
€12.74
|
|
pay 1.2% less for housing
|
Reykjavik
|
Nicosia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,973
|
$29.63
€26.08
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK253,152
|
$707.36
€622.79
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK231,611
|
$588.46
€518.11
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,929
|
$153.51
€135.15
|
|
pay 43.7% more for childcare
|
Reykjavik
|
Nicosia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK32,382
|
$423.35
€372.73
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK769,793
|
$7,161.35
€6,305.11
|
|
pay 37.0% less for entertainment and sports
|
Reykjavik
|
Nicosia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,388
|
$4.29
€3.77
|
|
| Cappuccino in mid-range area |
$5.31
ISK681
|
$3.48
€3.06
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,573
|
$5.36
€4.72
|
|
| Monthly membership at local gym |
$69.95
ISK8,983
|
$65.50
€57.67
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,897
|
$10.72
€9.44
|
|
pay 37.0% less for clothing
|
Reykjavik
|
Nicosia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,995
|
$81.72
€71.95
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,386
|
$35.90
€31.61
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK19,502
|
$79.71
€70.18
|
|
| Men's business shoes (leather) |
$194.16
ISK24,935
|
$101.82
€89.64
|
|
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