Cost of living comparison

compared to

Reykjavik is 6.1 times more expensive than Thimphu.

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

Display currency: USD

pay 7.6 times more for restaurants

 
Thimphu
Reykjavik
Basic meal with drink at inexpensive restaurant $2.95
BTN249.51
$20.00
ISK2,783
Fast food combo meal
McDonalds, or similar
$2.95
BTN249.51
$18.02
ISK2,507
Bottle of Coca-Cola (11 fl. oz) $0.55
BTN46.91
$3.15
ISK439

Improve prices ·

pay 3.5 times more for groceries

 
Thimphu
Reykjavik
Bread
1 loaf
$0.94
BTN79.84
$3.61
ISK502
Local cheese (8 oz) $1.68
BTN142.22
$7.76
ISK1,079
Milk (1 gallon) $3.17
BTN268.24
$6.40
ISK891

Improve prices ·

pay 6.2 times more for transportation

 
Thimphu
Reykjavik
Gasoline (1 gallon) $3.93
BTN332.43
$8.50
ISK1,183
Monthly public transit pass $3.97
BTN335.87
$74.95
ISK10,428
New Volkswagen Golf 1.4 (standard edition) $21,215.98
BTN1,796,470.02
$42,450.45
ISK5,906,131

Improve prices ·

pay 11.0 times more for housing

 
Thimphu
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$31.25
BTN2,645.73
$69.87
ISK9,720
1-Bedroom apartment in downtown area $124.45
BTN10,537.95
$1,971.17
ISK274,249
1-Bedroom apartment outside city center $79.38
BTN6,721.71
$1,803.44
ISK250,913

Improve prices ·

pay 4.9 times more for childcare

 
Thimphu
Reykjavik
Private preschool for 1 child, monthly $246.05
BTN20,834.06
$252.14
ISK35,080
Middle school for 1 child, two semesters $677.73
BTN57,387.24
$5,993.99
ISK833,944

Improve prices ·

pay 2.8 times more for entertainment and sports

 
Thimphu
Reykjavik
Domestic/local beer (1 pint) $6.43
BTN544.59
$10.81
ISK1,504
Cappuccino in mid-range area $1.53
BTN129.75
$5.31
ISK738
Pack of cigarettes
Marlboro or similar
$3.83
BTN324.36
$12.25
ISK1,704

Improve prices ·

pay 6.6 times more for clothing

 
Thimphu
Reykjavik
Regular jeans
Levi's brand
$9.43
BTN798.43
$108.97
ISK15,161
Regular dress
from H&M or similar store
$11.79
BTN998.04
$49.72
ISK6,918
Running shoes
Nike or Adidas
$32.41
BTN2,744.61
$151.85
ISK21,127

Improve prices ·
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: December 2024
Share this

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Reykjavik or Thimphu. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.

Compare countries by overall cost of living

See the cost of living in Bhutan vs. Iceland. This provides a comparison of the average cost of living from cities within Bhutan and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more