Cost of living comparison

Riga, Latvia

compared to

Reykjavik, Iceland

Reykjavik vs. Riga Cost of Living Summary

Reykjavik is 80.7% more expensive than Riga.

Restaurants: pay 2.0 times more in Reykjavik
Groceries: pay 94.5% more in Reykjavik
Transportation: pay 81.0% more in Reykjavik
Housing: pay 3.2 times more in Reykjavik
Childcare: pay 54.4% less in Reykjavik
Entertainment and Sports: pay 80.7% more in Reykjavik
Clothing: pay 42.9% more in Reykjavik

The cost of housing, restaurants, groceries, transportation, entertainment and sports, and clothing in Reykjavik are more expensive than in Riga. Notably, housing, restaurants, and groceries are significantly more expensive in Reykjavik.

Reykjavik vs. Riga Cost Breakdown

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

Display currency: USD

pay 2.0 times more for restaurants

	Riga	Reykjavik
Basic meal with drink at inexpensive restaurant	$10.72 €9.43	$20.00 ISK2,553	+86.6%
Fast food combo meal McDonalds, or similar	$8.33 €7.33	$18.02 ISK2,300	+116.2%
Bottle of Coca-Cola (11 fl. oz)	$1.44 €1.26	$3.15 ISK403	+119.4%
Bottle of water (11 fl. oz)	$1.19 €1.04	$2.19 ISK279	+84.2%
Average			+101.6%

Riga vs. Reykjavik - Cost of restaurants

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pay 94.5% more for groceries

	Riga	Reykjavik
Bread 1 loaf	$1.56 €1.38	$3.61 ISK461	+130.9%
Local cheese (8 oz)	$5.73 €5.04	$7.76 ISK990	+35.4%
Milk (1 gallon)	$4.85 €4.26	$6.40 ISK818	+32.1%
Eggs 1 dozen	$2.86 €2.51	$5.76 ISK735	+101.5%
Boneless chicken breast (1 lb)	$3.19 €2.80	$9.45 ISK1,206	+196.5%
Apples (1 lb)	$0.67 €0.59	$1.40 ISK179	+108.7%
Bananas (1 lb)	$0.84 €0.73	$1.01 ISK129	+20.8%
Oranges (1 lb)	$1.07 €0.94	$1.22 ISK155	+13.6%
Tomatoes (1 lb)	$1.52 €1.34	$2.22 ISK284	+46.1%
Potatoes (1 lb)	$0.42 €0.37	$1.43 ISK183	+240.5%
Onions (1 lb)	$0.44 €0.38	$0.93 ISK119	+113.9%
Average			+94.5%

Riga vs. Reykjavik - Cost of groceries

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pay 81.0% more for transportation

	Riga	Reykjavik
Gasoline (1 gallon)	$6.77 €5.95	$8.50 ISK1,085	+25.6%
Monthly public transit pass	$32.15 €28.28	$74.95 ISK9,569	+133.1%
New Volkswagen Golf 1.4 (standard edition)	$28,026.61 €24,650.04	$42,450.45 ISK5,419,224	+51.5%
Taxi trip in downtown area (5 miles)	$11.25 €9.90	$24.05 ISK3,070	+113.7%
Average			+81.0%

Riga vs. Reykjavik - Cost of transportation

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pay 3.2 times more for housing

	Riga	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$17.68 €15.55	$69.87 ISK8,919	+295.3%
1-Bedroom apartment in downtown area	$536.44 €471.81	$1,971.17 ISK251,640	+267.5%
1-Bedroom apartment outside city center	$367.73 €323.42	$1,803.44 ISK230,227	+390.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$244.58 €215.12	$53.95 ISK6,888	-77.9%
Average			+218.8%

Riga vs. Reykjavik - Cost of housing

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pay 54.4% less for childcare

	Riga	Reykjavik
Private preschool for 1 child, monthly	$538.03 €473.21	$252.14 ISK32,188	-53.1%
Middle school for 1 child, two semesters	$13,487.73 €11,862.77	$5,993.99 ISK765,193	-55.6%
Average			-54.4%

Riga vs. Reykjavik - Cost of childcare

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pay 80.7% more for entertainment and sports

	Riga	Reykjavik
Domestic/local beer (1 pint)	$4.82 €4.24	$10.81 ISK1,380	+124.2%
Cappuccino in mid-range area	$3.39 €2.98	$5.31 ISK677	+56.4%
Pack of cigarettes Marlboro or similar	$5.25 €4.62	$12.25 ISK1,563	+133.2%
Monthly membership at local gym	$46.01 €40.47	$69.95 ISK8,929	+52.0%
Movie ticket to theater/cinema	$10.72 €9.43	$14.77 ISK1,886	+37.9%
Average			+80.7%

Riga vs. Reykjavik - Cost of entertainment and sports

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pay 42.9% more for clothing

	Riga	Reykjavik
Regular jeans Levi's brand	$81.84 €71.98	$108.97 ISK13,911	+33.2%
Regular dress from H&M or similar store	$43.77 €38.50	$49.72 ISK6,347	+13.6%
Running shoes Nike or Adidas	$92.38 €81.25	$151.85 ISK19,386	+64.4%
Men's business shoes (leather)	$121.02 €106.44	$194.16 ISK24,786	+60.4%
Average			+42.9%

Riga vs. Reykjavik - 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: May 2025

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