Cost of living comparison
Reykjavik is 73.2% more expensive than Seoul.
- Restaurants
-
pay 2.5 times more in Reykjavik
- Groceries
-
pay 0.6% less in Reykjavik
- Transportation
-
pay 2.0 times more in Reykjavik
- Housing
-
pay 2.4 times more in Reykjavik
- Childcare
-
pay 52.9% less in Reykjavik
- Entertainment and Sports
-
pay 2.2 times more in Reykjavik
- Clothing
-
pay 55.4% more in Reykjavik
The cost of restaurants, housing, entertainment and sports, transportation, and clothing in Reykjavik are more expensive than in Seoul. Expenses including childcare and groceries are lower in Reykjavik. Notably, restaurants, housing, and entertainment and sports are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Seoul, you would:
pay 2.5 times more for restaurants
|
Seoul
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$7.88
₩11,174
|
$20.00
ISK2,552
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.09
₩8,635
|
$18.02
ISK2,299
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.59
₩2,251
|
$3.15
ISK402
|
|
| Bottle of water (11 fl. oz) |
$0.84
₩1,193
|
$2.19
ISK279
|
|
pay 0.6% less for groceries
|
Seoul
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.10
₩4,390
|
$3.61
ISK461
|
|
| Local cheese (8 oz) |
$6.52
₩9,253
|
$7.76
ISK990
|
|
| Milk (1 gallon) |
$8.06
₩11,430
|
$6.40
ISK817
|
|
|
Eggs
1 dozen
|
$3.06
₩4,338
|
$5.76
ISK735
|
|
| Boneless chicken breast (1 lb) |
$4.74
₩6,718
|
$9.45
ISK1,206
|
|
| Apples (1 lb) |
$3.30
₩4,678
|
$1.40
ISK179
|
|
| Bananas (1 lb) |
$1.55
₩2,198
|
$1.01
ISK129
|
|
| Oranges (1 lb) |
$2.44
₩3,462
|
$1.22
ISK155
|
|
| Tomatoes (1 lb) |
$2.68
₩3,808
|
$2.22
ISK284
|
|
| Potatoes (1 lb) |
$1.73
₩2,455
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$1.39
₩1,967
|
$0.93
ISK119
|
|
pay 2.0 times more for transportation
|
Seoul
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.59
₩6,508
|
$8.50
ISK1,085
|
|
| Monthly public transit pass |
$44.40
₩62,983
|
$74.95
ISK9,565
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,023.07
₩38,329,246
|
$42,450.45
ISK5,417,102
|
|
| Taxi trip in downtown area (5 miles) |
$8.02
₩11,378
|
$24.05
ISK3,069
|
|
pay 2.4 times more for housing
|
Seoul
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$22.27
₩31,593
|
$69.87
ISK8,916
|
|
| 1-Bedroom apartment in downtown area |
$883.18
₩1,252,692
|
$1,971.17
ISK251,541
|
|
| 1-Bedroom apartment outside city center |
$490.54
₩695,776
|
$1,803.44
ISK230,137
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$133.35
₩189,146
|
$53.95
ISK6,885
|
|
pay 52.9% less for childcare
|
Seoul
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$385.48
₩546,762
|
$252.14
ISK32,176
|
|
| Middle school for 1 child, two semesters |
$20,782.92
₩29,478,281
|
$5,993.99
ISK764,894
|
|
pay 2.2 times more for entertainment and sports
|
Seoul
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.58
₩5,079
|
$10.81
ISK1,380
|
|
| Cappuccino in mid-range area |
$3.60
₩5,109
|
$5.31
ISK677
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.22
₩4,571
|
$12.25
ISK1,563
|
|
| Monthly membership at local gym |
$53.73
₩76,209
|
$69.95
ISK8,926
|
|
| Movie ticket to theater/cinema |
$10.74
₩15,238
|
$14.77
ISK1,885
|
|
pay 55.4% more for clothing
|
Seoul
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$59.13
₩83,866
|
$108.97
ISK13,906
|
|
|
Regular dress
from H&M or similar store
|
$46.64
₩66,160
|
$49.72
ISK6,345
|
|
|
Running shoes
Nike or Adidas
|
$86.69
₩122,965
|
$151.85
ISK19,378
|
|
| Men's business shoes (leather) |
$124.89
₩177,144
|
$194.16
ISK24,776
|
|
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