Cost of living comparison

Reykjavik, Iceland

compared to

Ningbo, China

Ningbo vs. Reykjavik Cost of Living Summary

Ningbo is 35.0% cheaper than Reykjavik.

Restaurants: pay 83.0% less in Ningbo
Groceries: pay 41.6% less in Ningbo
Transportation: pay 59.8% less in Ningbo
Housing: pay 63.5% less in Ningbo
Childcare: pay 2.2 times more in Ningbo
Entertainment and Sports: pay 64.8% less in Ningbo
Clothing: pay 55.9% less in Ningbo

Expenses including restaurants, entertainment and sports, housing, transportation, clothing, and groceries are lower in Ningbo. Notably, childcare is significantly more expensive in Ningbo.

Ningbo vs. Reykjavik Cost Breakdown

If you lived in Ningbo instead of Reykjavik, you would:

Display currency: USD

pay 83.0% less for restaurants

	Reykjavik	Ningbo
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,632	$3.13 CN¥22.74	-84.3%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,371	$4.73 CN¥34.36	-73.7%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK415	$0.42 CN¥3.03	-86.8%
Bottle of water (11 fl. oz)	$2.19 ISK288	$0.28 CN¥2.02	-87.3%
Average			-83.0%

Reykjavik vs. Ningbo - Cost of restaurants

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pay 41.6% less for groceries

	Reykjavik	Ningbo
Bread 1 loaf	$3.61 ISK475	$2.78 CN¥20.20	-23.0%
Local cheese (8 oz)	$7.76 ISK1,021	$9.57 CN¥69.49	+23.3%
Milk (1 gallon)	$6.40 ISK843	$7.64 CN¥55.48	+19.3%
Eggs 1 dozen	$5.76 ISK757	$1.37 CN¥9.94	-76.2%
Boneless chicken breast (1 lb)	$9.45 ISK1,243	$2.27 CN¥16.50	-75.9%
Apples (1 lb)	$1.40 ISK185	$0.94 CN¥6.80	-33.2%
Bananas (1 lb)	$1.01 ISK133	$0.64 CN¥4.66	-36.4%
Oranges (1 lb)	$1.22 ISK160	$0.74 CN¥5.39	-39.1%
Tomatoes (1 lb)	$2.22 ISK293	$0.51 CN¥3.71	-77.0%
Potatoes (1 lb)	$1.43 ISK189	$0.29 CN¥2.11	-79.8%
Onions (1 lb)	$0.93 ISK123	$0.37 CN¥2.71	-60.0%
Average			-41.6%

Reykjavik vs. Ningbo - Cost of groceries

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pay 59.8% less for transportation

	Reykjavik	Ningbo
Gasoline (1 gallon)	$8.50 ISK1,119	$4.51 CN¥32.75	-47.0%
Monthly public transit pass	$74.95 ISK9,863	??
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,585,630	$20,872.18 CN¥151,607.16	-50.8%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,165	$4.45 CN¥32.34	-81.5%
Average			-59.8%

Reykjavik vs. Ningbo - Cost of transportation

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pay 63.5% less for housing

	Reykjavik	Ningbo
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,193	$13.85 CN¥100.57	-80.2%
1-Bedroom apartment in downtown area	$1,971.17 ISK259,367	$379.18 CN¥2,754.20	-80.8%
1-Bedroom apartment outside city center	$1,803.44 ISK237,297	$257.42 CN¥1,869.82	-85.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,099	$49.89 CN¥362.40	-7.5%
Average			-63.5%

Reykjavik vs. Ningbo - Cost of housing

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pay 2.2 times more for childcare

	Reykjavik	Ningbo
Private preschool for 1 child, monthly	$252.14 ISK33,177	$595.24 CN¥4,323.61	+136.1%
Middle school for 1 child, two semesters	$5,993.99 ISK788,690	$12,697.24 CN¥92,227.69	+111.8%
Average			+123.9%

Reykjavik vs. Ningbo - Cost of childcare

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pay 64.8% less for entertainment and sports

	Reykjavik	Ningbo
Domestic/local beer (1 pint)	$10.81 ISK1,422	$0.70 CN¥5.05	-93.6%
Cappuccino in mid-range area	$5.31 ISK698	$2.89 CN¥21.02	-45.4%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,611	$4.52 CN¥32.85	-63.1%
Monthly membership at local gym	$69.95 ISK9,204	$21.74 CN¥157.92	-68.9%
Movie ticket to theater/cinema	$14.77 ISK1,944	$6.96 CN¥50.54	-52.9%
Average			-64.8%

Reykjavik vs. Ningbo - Cost of entertainment and sports

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pay 55.9% less for clothing

	Reykjavik	Ningbo
Regular jeans Levi's brand	$108.97 ISK14,339	$43.14 CN¥313.32	-60.4%
Regular dress from H&M or similar store	$49.72 ISK6,542	$29.19 CN¥212.05	-41.3%
Running shoes Nike or Adidas	$151.85 ISK19,981	$69.54 CN¥505.10	-54.2%
Men's business shoes (leather)	$194.16 ISK25,547	$62.58 CN¥454.57	-67.8%
Average			-55.9%

Reykjavik vs. Ningbo - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: April 2025

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