Cost of living comparison

Reykjavik, Iceland

compared to

Yerevan, Armenia

Yerevan vs. Reykjavik Cost of Living Summary

Yerevan is 26.3% cheaper than Reykjavik.

Restaurants: pay 58.3% less in Yerevan
Groceries: pay 50.8% less in Yerevan
Transportation: pay 57.5% less in Yerevan
Housing: pay 25.9% less in Yerevan
Childcare: pay 49.6% more in Yerevan
Entertainment and Sports: pay 37.1% less in Yerevan
Clothing: pay 3.9% less in Yerevan

Expenses including restaurants, transportation, groceries, entertainment and sports, housing, and clothing are lower in Yerevan.

Yerevan vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 58.3% less for restaurants

	Reykjavik	Yerevan
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,545	$11.57 AMD4,443.86	-42.1%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,293	$9.00 AMD3,456.33	-50.0%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK401	$0.99 AMD381.29	-68.5%
Bottle of water (11 fl. oz)	$2.19 ISK278	$0.60 AMD229.23	-72.7%
Average			-58.3%

Reykjavik vs. Yerevan - Cost of restaurants

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pay 50.8% less for groceries

	Reykjavik	Yerevan
Bread 1 loaf	$3.61 ISK459	$0.86 AMD331.53	-76.1%
Local cheese (8 oz)	$7.76 ISK987	$4.04 AMD1,549.26	-48.0%
Milk (1 gallon)	$6.40 ISK815	$6.24 AMD2,395.78	-2.6%
Eggs 1 dozen	$5.76 ISK733	$2.46 AMD945.44	-57.2%
Boneless chicken breast (1 lb)	$9.45 ISK1,202	$3.37 AMD1,295.65	-64.3%
Apples (1 lb)	$1.40 ISK178	$0.56 AMD214.35	-60.2%
Bananas (1 lb)	$1.01 ISK128	$0.83 AMD316.78	-18.2%
Oranges (1 lb)	$1.22 ISK155	$0.79 AMD303.45	-35.1%
Tomatoes (1 lb)	$2.22 ISK283	$1.01 AMD387.24	-54.7%
Potatoes (1 lb)	$1.43 ISK183	$0.34 AMD128.86	-76.6%
Onions (1 lb)	$0.93 ISK119	$0.32 AMD123.32	-65.6%
Average			-50.8%

Reykjavik vs. Yerevan - Cost of groceries

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pay 57.5% less for transportation

	Reykjavik	Yerevan
Gasoline (1 gallon)	$8.50 ISK1,082	$5.29 AMD2,031.56	-37.8%
Monthly public transit pass	$74.95 ISK9,538	$12.86 AMD4,937.62	-82.8%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,401,820	$30,864.95 AMD11,850,288.97	-27.3%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,060	$4.27 AMD1,639.29	-82.2%
Average			-57.5%

Reykjavik vs. Yerevan - Cost of transportation

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pay 25.9% less for housing

	Reykjavik	Yerevan
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,890	$22.21 AMD8,528.85	-68.2%
1-Bedroom apartment in downtown area	$1,971.17 ISK250,832	$931.30 AMD357,562.79	-52.8%
1-Bedroom apartment outside city center	$1,803.44 ISK229,488	$625.77 AMD240,257.12	-65.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,866	$98.60 AMD37,857.24	+82.8%
Average			-25.9%

Reykjavik vs. Yerevan - Cost of housing

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pay 49.6% more for childcare

	Reykjavik	Yerevan
Private preschool for 1 child, monthly	$252.14 ISK32,085	$374.24 AMD143,684.75	+48.4%
Middle school for 1 child, two semesters	$5,993.99 ISK762,736	$9,037.50 AMD3,469,859.08	+50.8%
Average			+49.6%

Reykjavik vs. Yerevan - Cost of childcare

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pay 37.1% less for entertainment and sports

	Reykjavik	Yerevan
Domestic/local beer (1 pint)	$10.81 ISK1,376	$2.06 AMD790.02	-81.0%
Cappuccino in mid-range area	$5.31 ISK675	$3.76 AMD1,444.48	-29.1%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,558	$2.57 AMD987.52	-79.0%
Monthly membership at local gym	$69.95 ISK8,901	$106.02 AMD40,703.57	+51.6%
Movie ticket to theater/cinema	$14.77 ISK1,880	$7.72 AMD2,962.57	-47.8%
Average			-37.1%

Reykjavik vs. Yerevan - Cost of entertainment and sports

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pay 3.9% less for clothing

	Reykjavik	Yerevan
Regular jeans Levi's brand	$108.97 ISK13,867	$111.12 AMD42,662.46	+2.0%
Regular dress from H&M or similar store	$49.72 ISK6,327	$63.96 AMD24,555.14	+28.6%
Running shoes Nike or Adidas	$151.85 ISK19,323	$139.93 AMD53,723.18	-7.9%
Men's business shoes (leather)	$194.16 ISK24,707	$119.43 AMD45,855.47	-38.5%
Average			-3.9%

Reykjavik vs. Yerevan - 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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