Cost of living comparison
Reykjavik is 2.0 times more expensive than South Korea overall.
- Restaurants
-
pay 2.9 times more in Reykjavik
- Groceries
-
pay 13.5% more in Reykjavik
- Transportation
-
pay 2.0 times more in Reykjavik
- Housing
-
pay 3.6 times more in Reykjavik
- Childcare
-
pay 53.1% less in Reykjavik
- Entertainment and Sports
-
pay 2.4 times more in Reykjavik
- Clothing
-
pay 76.6% more in Reykjavik
The cost of housing, restaurants, entertainment and sports, transportation, clothing, and groceries in Reykjavik are more expensive than in South Korea. Notably, housing, restaurants, and entertainment and sports are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of South Korea, you would:
pay 2.9 times more for restaurants
|
South Korea
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.16
₩8,916
|
$20.00
ISK2,715
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.24
₩7,584
|
$18.02
ISK2,446
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.47
₩2,131
|
$3.15
ISK428
|
|
| Bottle of water (11 fl. oz) |
$0.79
₩1,146
|
$2.19
ISK297
|
|
pay 13.5% more for groceries
|
South Korea
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.08
₩4,453
|
$3.61
ISK490
|
|
| Local cheese (8 oz) |
$5.40
₩7,823
|
$7.76
ISK1,053
|
|
| Milk (1 gallon) |
$7.46
₩10,796
|
$6.40
ISK869
|
|
|
Eggs
1 dozen
|
$2.76
₩3,991
|
$5.76
ISK781
|
|
| Boneless chicken breast (1 lb) |
$3.32
₩4,807
|
$9.45
ISK1,282
|
|
| Apples (1 lb) |
$3.17
₩4,585
|
$1.40
ISK190
|
|
| Bananas (1 lb) |
$1.49
₩2,155
|
$1.01
ISK137
|
|
| Oranges (1 lb) |
$2.53
₩3,664
|
$1.22
ISK165
|
|
| Tomatoes (1 lb) |
$2.41
₩3,495
|
$2.22
ISK302
|
|
| Potatoes (1 lb) |
$1.82
₩2,642
|
$1.43
ISK195
|
|
| Onions (1 lb) |
$1.21
₩1,751
|
$0.93
ISK127
|
|
pay 2.0 times more for transportation
|
South Korea
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.39
₩6,358
|
$8.50
ISK1,154
|
|
| Monthly public transit pass |
$45.32
₩65,596
|
$74.95
ISK10,175
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,023.07
₩39,116,293
|
$42,450.45
ISK5,762,433
|
|
| Taxi trip in downtown area (5 miles) |
$8.17
₩11,829
|
$24.05
ISK3,265
|
|
pay 3.6 times more for housing
|
South Korea
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$17.65
₩25,555
|
$69.87
ISK9,484
|
|
| 1-Bedroom apartment in downtown area |
$426.93
₩617,990
|
$1,971.17
ISK267,576
|
|
| 1-Bedroom apartment outside city center |
$328.41
₩475,383
|
$1,803.44
ISK244,808
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$111.42
₩161,286
|
$53.95
ISK7,324
|
|
pay 53.1% less for childcare
|
South Korea
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$373.40
₩540,503
|
$252.14
ISK34,227
|
|
| Middle school for 1 child, two semesters |
$22,907.58
₩33,159,059
|
$5,993.99
ISK813,654
|
|
pay 2.4 times more for entertainment and sports
|
South Korea
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.09
₩4,479
|
$10.81
ISK1,468
|
|
| Cappuccino in mid-range area |
$3.39
₩4,906
|
$5.31
ISK720
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.21
₩4,652
|
$12.25
ISK1,662
|
|
| Monthly membership at local gym |
$45.71
₩66,168
|
$69.95
ISK9,495
|
|
| Movie ticket to theater/cinema |
$10.10
₩14,618
|
$14.77
ISK2,006
|
|
pay 76.6% more for clothing
|
South Korea
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$60.70
₩87,871
|
$108.97
ISK14,792
|
|
|
Regular dress
from H&M or similar store
|
$44.52
₩64,447
|
$49.72
ISK6,749
|
|
|
Running shoes
Nike or Adidas
|
$72.99
₩105,657
|
$151.85
ISK20,613
|
|
| Men's business shoes (leather) |
$93.73
₩135,676
|
$194.16
ISK26,356
|
|
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