Cost of living comparison
Riga is 7.6% cheaper than Reykjavik.
- Restaurants
-
pay 50.1% less in Riga
- Groceries
-
pay 41.9% less in Riga
- Transportation
-
pay 41.2% less in Riga
- Housing
-
pay 31.6% more in Riga
- Childcare
-
pay 2.2 times more in Riga
- Entertainment and Sports
-
pay 42.0% less in Riga
- Clothing
-
pay 28.5% less in Riga
The cost of childcare and housing in Riga are more expensive than in Reykjavik. Expenses including restaurants, entertainment and sports, groceries, transportation, and clothing are lower in Riga. Notably, childcare is significantly more expensive in Riga.
If you lived in Riga instead of Reykjavik, you would:
pay 50.1% less for restaurants
|
Reykjavik
|
Riga
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,664
|
$10.72
€9.86
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,400
|
$8.33
€7.66
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK420
|
$1.44
€1.32
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK291
|
$1.19
€1.09
|
|
pay 41.9% less for groceries
|
Reykjavik
|
Riga
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK481
|
$1.56
€1.44
|
|
| Local cheese (8 oz) |
$7.76
ISK1,033
|
$5.73
€5.27
|
|
| Milk (1 gallon) |
$6.40
ISK853
|
$4.85
€4.46
|
|
|
Eggs
1 dozen
|
$5.76
ISK767
|
$2.86
€2.63
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,258
|
$3.19
€2.93
|
|
| Apples (1 lb) |
$1.40
ISK187
|
$0.67
€0.62
|
|
| Bananas (1 lb) |
$1.01
ISK134
|
$0.84
€0.77
|
|
| Oranges (1 lb) |
$1.22
ISK162
|
$1.07
€0.99
|
|
| Tomatoes (1 lb) |
$2.22
ISK296
|
$1.52
€1.40
|
|
| Potatoes (1 lb) |
$1.43
ISK191
|
$0.42
€0.39
|
|
| Onions (1 lb) |
$0.93
ISK124
|
$0.44
€0.40
|
|
pay 41.2% less for transportation
|
Reykjavik
|
Riga
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,132
|
$6.77
€6.22
|
|
| Monthly public transit pass |
$74.95
ISK9,984
|
$32.15
€29.57
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,654,400
|
$28,026.61
€25,772.79
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,204
|
$11.25
€10.35
|
|
pay 31.6% more for housing
|
Reykjavik
|
Riga
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,306
|
$17.68
€16.25
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK262,560
|
$536.44
€493.30
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK240,218
|
$367.73
€338.15
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,187
|
$244.58
€224.91
|
|
pay 2.2 times more for childcare
|
Reykjavik
|
Riga
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK33,585
|
$538.03
€494.76
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK798,400
|
$13,487.73
€12,403.08
|
|
pay 42.0% less for entertainment and sports
|
Reykjavik
|
Riga
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,440
|
$4.82
€4.44
|
|
| Cappuccino in mid-range area |
$5.31
ISK707
|
$3.39
€3.12
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,631
|
$5.25
€4.83
|
|
| Monthly membership at local gym |
$69.95
ISK9,317
|
$46.01
€42.31
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,968
|
$10.72
€9.86
|
|
pay 28.5% less for clothing
|
Reykjavik
|
Riga
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK14,515
|
$81.84
€75.26
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,623
|
$43.77
€40.25
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,227
|
$92.38
€84.95
|
|
| Men's business shoes (leather) |
$194.16
ISK25,862
|
$121.02
€111.29
|
|
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