Cost of living comparison

Switzerland

compared to

Reykjavik, Iceland

Reykjavik vs. Switzerland Cost of Living Summary

Reykjavik is 19.0% cheaper than Switzerland overall.

Restaurants: pay 25.2% less in Reykjavik
Groceries: pay 10.9% less in Reykjavik
Transportation: pay 13.3% less in Reykjavik
Housing: pay 2.5% more in Reykjavik
Childcare: pay 85.2% less in Reykjavik
Entertainment and Sports: pay 1.3% more in Reykjavik
Clothing: pay 2.1% less in Reykjavik

The cost of housing and entertainment and sports in Reykjavik are more expensive than in Switzerland. Expenses including childcare, restaurants, transportation, groceries, and clothing are lower in Reykjavik.

Reykjavik vs. Switzerland Cost Breakdown

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

Display currency: USD

pay 25.2% less for restaurants

	Switzerland	Reykjavik
Basic meal with drink at inexpensive restaurant	$27.66 CHF22.74	$20.00 ISK2,545	-27.7%
Fast food combo meal McDonalds, or similar	$16.97 CHF13.95	$18.02 ISK2,293	+6.2%
Bottle of Coca-Cola (11 fl. oz)	$4.67 CHF3.84	$3.15 ISK401	-32.5%
Bottle of water (11 fl. oz)	$4.13 CHF3.39	$2.19 ISK278	-47.0%
Average			-25.2%

Switzerland vs. Reykjavik - Cost of restaurants

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pay 10.9% less for groceries

	Switzerland	Reykjavik
Bread 1 loaf	$3.64 CHF3.00	$3.61 ISK459	-0.9%
Local cheese (8 oz)	$13.22 CHF10.87	$7.76 ISK987	-41.3%
Milk (1 gallon)	$7.31 CHF6.01	$6.40 ISK815	-12.4%
Eggs 1 dozen	$6.80 CHF5.59	$5.76 ISK733	-15.3%
Boneless chicken breast (1 lb)	$12.89 CHF10.60	$9.45 ISK1,202	-26.7%
Apples (1 lb)	$1.52 CHF1.25	$1.40 ISK178	-7.5%
Bananas (1 lb)	$1.03 CHF0.85	$1.01 ISK128	-2.0%
Oranges (1 lb)	$1.31 CHF1.08	$1.22 ISK155	-7.3%
Tomatoes (1 lb)	$2.85 CHF2.34	$2.22 ISK283	-22.0%
Potatoes (1 lb)	$1.12 CHF0.92	$1.43 ISK183	+28.5%
Onions (1 lb)	$1.07 CHF0.88	$0.93 ISK119	-12.6%
Average			-10.9%

Switzerland vs. Reykjavik - Cost of groceries

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pay 13.3% less for transportation

	Switzerland	Reykjavik
Gasoline (1 gallon)	$7.83 CHF6.44	$8.50 ISK1,082	+8.5%
Monthly public transit pass	$114.11 CHF93.80	$74.95 ISK9,538	-34.3%
New Volkswagen Golf 1.4 (standard edition)	$36,806.66 CHF30,255.73	$42,450.45 ISK5,401,820	+15.3%
Taxi trip in downtown area (5 miles)	$42.03 CHF34.55	$24.05 ISK3,060	-42.8%
Average			-13.3%

Switzerland vs. Reykjavik - Cost of transportation

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pay 2.5% more for housing

	Switzerland	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$53.46 CHF43.94	$69.87 ISK8,890	+30.7%
1-Bedroom apartment in downtown area	$1,622.75 CHF1,333.93	$1,971.17 ISK250,832	+21.5%
1-Bedroom apartment outside city center	$1,411.84 CHF1,160.56	$1,803.44 ISK229,488	+27.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$180.02 CHF147.98	$53.95 ISK6,866	-70.0%
Average			+2.5%

Switzerland vs. Reykjavik - Cost of housing

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pay 85.2% less for childcare

	Switzerland	Reykjavik
Private preschool for 1 child, monthly	$2,587.05 CHF2,126.60	$252.14 ISK32,085	-90.3%
Middle school for 1 child, two semesters	$30,321.56 CHF24,924.87	$5,993.99 ISK762,736	-80.2%
Average			-85.2%

Switzerland vs. Reykjavik - Cost of childcare

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pay 1.3% more for entertainment and sports

	Switzerland	Reykjavik
Domestic/local beer (1 pint)	$7.82 CHF6.43	$10.81 ISK1,376	+38.2%
Cappuccino in mid-range area	$5.42 CHF4.45	$5.31 ISK675	-2.1%
Pack of cigarettes Marlboro or similar	$10.09 CHF8.30	$12.25 ISK1,558	+21.3%
Monthly membership at local gym	$88.49 CHF72.74	$69.95 ISK8,901	-21.0%
Movie ticket to theater/cinema	$21.15 CHF17.38	$14.77 ISK1,880	-30.1%
Average			+1.3%

Switzerland vs. Reykjavik - Cost of entertainment and sports

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pay 2.1% less for clothing

	Switzerland	Reykjavik
Regular jeans Levi's brand	$121.70 CHF100.04	$108.97 ISK13,867	-10.5%
Regular dress from H&M or similar store	$61.65 CHF50.68	$49.72 ISK6,327	-19.4%
Running shoes Nike or Adidas	$136.06 CHF111.84	$151.85 ISK19,323	+11.6%
Men's business shoes (leather)	$176.75 CHF145.29	$194.16 ISK24,707	+9.8%
Average			-2.1%

Switzerland 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: June 2025

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