Cost of living comparison

Reykjavik, Iceland

compared to

Shenzhen, China

Shenzhen vs. Reykjavik Cost of Living Summary

Shenzhen is 21.4% cheaper than Reykjavik.

Restaurants: pay 80.5% less in Shenzhen
Groceries: pay 44.0% less in Shenzhen
Transportation: pay 61.5% less in Shenzhen
Housing: pay 56.6% less in Shenzhen
Childcare: pay 3.0 times more in Shenzhen
Entertainment and Sports: pay 57.5% less in Shenzhen
Clothing: pay 47.7% less in Shenzhen

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

Shenzhen vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 80.5% less for restaurants

	Reykjavik	Shenzhen
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,545	$3.48 CN¥25.05	-82.6%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,293	$5.57 CN¥40.07	-69.1%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK401	$0.49 CN¥3.51	-84.6%
Bottle of water (11 fl. oz)	$2.19 ISK278	$0.31 CN¥2.25	-85.7%
Average			-80.5%

Reykjavik vs. Shenzhen - Cost of restaurants

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pay 44.0% less for groceries

	Reykjavik	Shenzhen
Bread 1 loaf	$3.61 ISK459	$1.96 CN¥14.12	-45.7%
Local cheese (8 oz)	$7.76 ISK987	$6.05 CN¥43.54	-22.0%
Milk (1 gallon)	$6.40 ISK815	$7.62 CN¥54.83	+18.9%
Eggs 1 dozen	$5.76 ISK733	$1.99 CN¥14.32	-65.5%
Boneless chicken breast (1 lb)	$9.45 ISK1,202	$2.15 CN¥15.45	-77.3%
Apples (1 lb)	$1.40 ISK178	$0.86 CN¥6.16	-39.0%
Bananas (1 lb)	$1.01 ISK128	$0.61 CN¥4.38	-39.6%
Oranges (1 lb)	$1.22 ISK155	$0.77 CN¥5.52	-37.1%
Tomatoes (1 lb)	$2.22 ISK283	$0.65 CN¥4.71	-70.6%
Potatoes (1 lb)	$1.43 ISK183	$0.46 CN¥3.29	-68.1%
Onions (1 lb)	$0.93 ISK119	$0.58 CN¥4.19	-37.7%
Average			-44.0%

Reykjavik vs. Shenzhen - Cost of groceries

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pay 61.5% less for transportation

	Reykjavik	Shenzhen
Gasoline (1 gallon)	$8.50 ISK1,082	$4.47 CN¥32.21	-47.4%
Monthly public transit pass	$74.95 ISK9,538	$27.83 CN¥200.37	-62.9%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,401,820	$19,132.83 CN¥137,752.55	-54.9%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,060	$4.56 CN¥32.86	-81.0%
Average			-61.5%

Reykjavik vs. Shenzhen - Cost of transportation

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pay 56.6% less for housing

	Reykjavik	Shenzhen
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,890	$13.67 CN¥98.45	-80.4%
1-Bedroom apartment in downtown area	$1,971.17 ISK250,832	$761.65 CN¥5,483.74	-61.4%
1-Bedroom apartment outside city center	$1,803.44 ISK229,488	$401.07 CN¥2,887.65	-77.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,866	$50.30 CN¥362.12	-6.8%
Average			-56.6%

Reykjavik vs. Shenzhen - Cost of housing

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pay 3.0 times more for childcare

	Reykjavik	Shenzhen
Private preschool for 1 child, monthly	$252.14 ISK32,085	$508.66 CN¥3,662.27	+101.7%
Middle school for 1 child, two semesters	$5,993.99 ISK762,736	$23,655.14 CN¥170,312.25	+294.6%
Average			+198.2%

Reykjavik vs. Shenzhen - Cost of childcare

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pay 57.5% less for entertainment and sports

	Reykjavik	Shenzhen
Domestic/local beer (1 pint)	$10.81 ISK1,376	$1.11 CN¥8.01	-89.7%
Cappuccino in mid-range area	$5.31 ISK675	$3.16 CN¥22.78	-40.4%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,558	$3.83 CN¥27.55	-68.8%
Monthly membership at local gym	$69.95 ISK8,901	$44.98 CN¥323.84	-35.7%
Movie ticket to theater/cinema	$14.77 ISK1,880	$6.96 CN¥50.09	-52.9%
Average			-57.5%

Reykjavik vs. Shenzhen - Cost of entertainment and sports

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pay 47.7% less for clothing

	Reykjavik	Shenzhen
Regular jeans Levi's brand	$108.97 ISK13,867	$60.75 CN¥437.39	-44.3%
Regular dress from H&M or similar store	$49.72 ISK6,327	$28.97 CN¥208.60	-41.7%
Running shoes Nike or Adidas	$151.85 ISK19,323	$76.32 CN¥549.46	-49.7%
Men's business shoes (leather)	$194.16 ISK24,707	$86.91 CN¥625.76	-55.2%
Average			-47.7%

Reykjavik vs. Shenzhen - 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: June 2025

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