Cost of living comparison
Reykjavik is 56.5% more expensive than Valparaiso.
- Restaurants
-
pay 41.8% more in Reykjavik
- Groceries
-
pay 47.1% more in Reykjavik
- Transportation
-
pay 87.2% more in Reykjavik
- Housing
-
pay 14.4% more in Reykjavik
- Childcare
-
pay 54.0% less in Reykjavik
- Entertainment and Sports
-
pay 2.5 times more in Reykjavik
- Clothing
-
pay 2.1 times more in Reykjavik
The cost of entertainment and sports, clothing, transportation, groceries, restaurants, and housing in Reykjavik are more expensive than in Valparaiso. Notably, entertainment and sports, clothing, and transportation are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Valparaiso, you would:
pay 41.8% more for restaurants
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
|
$20.00
ISK2,482
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.00
|
$18.02
ISK2,236
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.54
|
$3.15
ISK391
|
|
| Bottle of water (11 fl. oz) |
$2.00
|
$2.19
ISK271
|
|
pay 47.1% more for groceries
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.14
|
$3.61
ISK448
|
|
| Local cheese (8 oz) |
$4.92
|
$7.76
ISK963
|
|
| Milk (1 gallon) |
$2.75
|
$6.40
ISK795
|
|
|
Eggs
1 dozen
|
$2.50
|
$5.76
ISK714
|
|
| Boneless chicken breast (1 lb) |
$4.76
|
$9.45
ISK1,172
|
|
| Apples (1 lb) |
$2.56
|
$1.40
ISK174
|
|
| Bananas (1 lb) |
$0.68
|
$1.01
ISK125
|
|
| Oranges (1 lb) |
$3.00
|
$1.22
ISK151
|
|
| Tomatoes (1 lb) |
$3.00
|
$2.22
ISK276
|
|
| Potatoes (1 lb) |
$0.55
|
$1.43
ISK178
|
|
| Onions (1 lb) |
$0.90
|
$0.93
ISK116
|
|
pay 87.2% more for transportation
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.33
|
$8.50
ISK1,055
|
|
| Monthly public transit pass | ?? |
$74.95
ISK9,302
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,699.74
|
$42,450.45
ISK5,268,101
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$24.05
ISK2,985
|
|
pay 14.4% more for housing
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$75.00
|
$69.87
ISK8,670
|
|
| 1-Bedroom apartment in downtown area |
$1,500.00
|
$1,971.17
ISK244,622
|
|
| 1-Bedroom apartment outside city center |
$1,000.00
|
$1,803.44
ISK223,807
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$102.48
|
$53.95
ISK6,696
|
|
pay 54.0% less for childcare
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$660.00
|
$252.14
ISK31,291
|
|
| Middle school for 1 child, two semesters |
$11,136.00
|
$5,993.99
ISK743,855
|
|
pay 2.5 times more for entertainment and sports
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.50
|
$10.81
ISK1,342
|
|
| Cappuccino in mid-range area |
$4.00
|
$5.31
ISK658
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.92
|
$12.25
ISK1,520
|
|
| Monthly membership at local gym |
$15.00
|
$69.95
ISK8,680
|
|
| Movie ticket to theater/cinema |
$8.00
|
$14.77
ISK1,834
|
|
pay 2.1 times more for clothing
|
Valparaiso
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.67
|
$108.97
ISK13,523
|
|
|
Regular dress
from H&M or similar store
|
$21.50
|
$49.72
ISK6,170
|
|
|
Running shoes
Nike or Adidas
|
$80.00
|
$151.85
ISK18,845
|
|
| Men's business shoes (leather) |
$120.00
|
$194.16
ISK24,095
|
|
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