Cost of living comparison
Reykjavik is 2.2 times more expensive than Yerevan.
If you lived in Reykjavik instead of Yerevan, you would:
pay 2.6 times more for restaurants
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$11.57
AMD4,509.89
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.00
AMD3,507.69
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.99
AMD386.96
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$0.60
AMD232.64
|
$2.19
ISK301
|
|
pay 2.4 times more for groceries
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.86
AMD336.45
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$4.04
AMD1,572.28
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$6.24
AMD2,431.38
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$2.46
AMD959.49
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$3.37
AMD1,314.90
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$0.56
AMD217.54
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$0.83
AMD321.49
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.79
AMD307.96
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$1.01
AMD392.99
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$0.34
AMD130.78
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$0.32
AMD125.15
|
$0.93
ISK129
|
|
pay 3.6 times more for transportation
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.29
AMD2,061.75
|
$8.50
ISK1,170
|
|
| Monthly public transit pass |
$12.86
AMD5,010.99
|
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,864.95
AMD12,026,377.03
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) |
$4.27
AMD1,663.65
|
$24.05
ISK3,311
|
|
pay 2.2 times more for housing
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$22.21
AMD8,655.58
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$931.30
AMD362,875.96
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$625.77
AMD243,827.19
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$98.60
AMD38,419.77
|
$53.95
ISK7,427
|
|
pay 33.2% less for childcare
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$374.24
AMD145,819.82
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$9,037.50
AMD3,521,419.07
|
$5,993.99
ISK825,073
|
|
pay 2.8 times more for entertainment and sports
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.06
AMD801.76
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$3.76
AMD1,465.94
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.57
AMD1,002.20
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$106.02
AMD41,308.40
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$7.72
AMD3,006.59
|
$14.77
ISK2,034
|
|
pay 11.7% more for clothing
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.12
AMD43,296.40
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$63.96
AMD24,920.01
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$139.93
AMD54,521.47
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$119.43
AMD46,536.85
|
$194.16
ISK26,726
|
|
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