Cost of living comparison
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.
If you lived in Shenzhen instead of Reykjavik, you would:
pay 80.5% less for restaurants
|
Reykjavik
|
Shenzhen
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,493
|
$3.48
CN¥24.98
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,246
|
$5.57
CN¥39.97
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK393
|
$0.49
CN¥3.50
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK272
|
$0.31
CN¥2.25
|
|
pay 44.0% less for groceries
|
Reykjavik
|
Shenzhen
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK450
|
$1.96
CN¥14.08
|
|
| Local cheese (8 oz) |
$7.76
ISK967
|
$6.05
CN¥43.43
|
|
| Milk (1 gallon) |
$6.40
ISK798
|
$7.62
CN¥54.69
|
|
|
Eggs
1 dozen
|
$5.76
ISK718
|
$1.99
CN¥14.28
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,178
|
$2.15
CN¥15.41
|
|
| Apples (1 lb) |
$1.40
ISK175
|
$0.86
CN¥6.14
|
|
| Bananas (1 lb) |
$1.01
ISK126
|
$0.61
CN¥4.37
|
|
| Oranges (1 lb) |
$1.22
ISK152
|
$0.77
CN¥5.50
|
|
| Tomatoes (1 lb) |
$2.22
ISK277
|
$0.65
CN¥4.69
|
|
| Potatoes (1 lb) |
$1.43
ISK179
|
$0.46
CN¥3.29
|
|
| Onions (1 lb) |
$0.93
ISK116
|
$0.58
CN¥4.18
|
|
pay 61.5% less for transportation
|
Reykjavik
|
Shenzhen
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,060
|
$4.47
CN¥32.13
|
|
| Monthly public transit pass |
$74.95
ISK9,343
|
$27.83
CN¥199.86
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,291,449
|
$19,132.83
CN¥137,404.34
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK2,998
|
$4.56
CN¥32.78
|
|
pay 56.6% less for housing
|
Reykjavik
|
Shenzhen
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,709
|
$13.67
CN¥98.20
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK245,706
|
$761.65
CN¥5,469.88
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK224,799
|
$401.07
CN¥2,880.35
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,725
|
$50.30
CN¥361.21
|
|
pay 3.0 times more for childcare
|
Reykjavik
|
Shenzhen
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK31,429
|
$508.66
CN¥3,653.01
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK747,151
|
$23,655.14
CN¥169,881.72
|
|
pay 57.5% less for entertainment and sports
|
Reykjavik
|
Shenzhen
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,348
|
$1.11
CN¥7.99
|
|
| Cappuccino in mid-range area |
$5.31
ISK661
|
$3.16
CN¥22.72
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,526
|
$3.83
CN¥27.48
|
|
| Monthly membership at local gym |
$69.95
ISK8,719
|
$44.98
CN¥323.02
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,842
|
$6.96
CN¥49.97
|
|
pay 47.7% less for clothing
|
Reykjavik
|
Shenzhen
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,583
|
$60.75
CN¥436.28
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,198
|
$28.97
CN¥208.08
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK18,929
|
$76.32
CN¥548.07
|
|
| Men's business shoes (leather) |
$194.16
ISK24,202
|
$86.91
CN¥624.18
|
|
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