Cost of living comparison

 Yerevan, Armenia
compared to
 Reykjavik, Iceland
Reykjavik vs. Yerevan Cost of Living Summary

Reykjavik is 2.2 times more expensive than Yerevan.

Restaurants
pay 2.6 times more in Reykjavik
Groceries
pay 2.4 times more in Reykjavik
Transportation
pay 3.6 times more in Reykjavik
Housing
pay 2.2 times more in Reykjavik
Childcare
pay 33.2% less in Reykjavik
Entertainment and Sports
pay 2.8 times more in Reykjavik
Clothing
pay 11.7% more in Reykjavik

The cost of transportation, entertainment and sports, restaurants, groceries, housing, and clothing in Reykjavik are more expensive than in Yerevan. Notably, transportation, entertainment and sports, and restaurants are significantly more expensive in Reykjavik.

Reykjavik vs. Yerevan Cost Breakdown

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
AMD4,520.60
$20.00
ISK2,689
Fast food combo meal
McDonalds, or similar
$9.00
AMD3,516.02
$18.02
ISK2,423
Bottle of Coca-Cola (11 fl. oz) $0.99
AMD387.88
$3.15
ISK424

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pay 2.4 times more for groceries

 
Yerevan
Reykjavik
Bread
1 loaf
$0.86
AMD337.25
$3.61
ISK485
Local cheese (8 oz) $4.04
AMD1,576.01
$7.76
ISK1,043
Milk (1 gallon) $6.24
AMD2,437.15
$6.40
ISK861

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pay 3.6 times more for transportation

 
Yerevan
Reykjavik
Gasoline (1 gallon) $5.29
AMD2,066.64
$8.50
ISK1,143
Monthly public transit pass $12.86
AMD5,022.88
$74.95
ISK10,078
New Volkswagen Golf 1.4 (standard edition) $30,864.95
AMD12,054,922.33
$42,450.45
ISK5,707,888

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pay 2.2 times more for housing

 
Yerevan
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$22.21
AMD8,676.13
$69.87
ISK9,394
1-Bedroom apartment in downtown area $931.30
AMD363,737.27
$1,971.17
ISK265,044
1-Bedroom apartment outside city center $625.77
AMD244,405.93
$1,803.44
ISK242,491

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pay 33.2% less for childcare

 
Yerevan
Reykjavik
Private preschool for 1 child, monthly $374.24
AMD146,165.93
$252.14
ISK33,903
Middle school for 1 child, two semesters $9,037.50
AMD3,529,777.36
$5,993.99
ISK805,952

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pay 2.8 times more for entertainment and sports

 
Yerevan
Reykjavik
Domestic/local beer (1 pint) $2.06
AMD803.66
$10.81
ISK1,454
Cappuccino in mid-range area $3.76
AMD1,469.42
$5.31
ISK713
Pack of cigarettes
Marlboro or similar
$2.57
AMD1,004.58
$12.25
ISK1,646

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pay 11.7% more for clothing

 
Yerevan
Reykjavik
Regular jeans
Levi's brand
$111.12
AMD43,399.17
$108.97
ISK14,652
Regular dress
from H&M or similar store
$63.96
AMD24,979.16
$49.72
ISK6,685
Running shoes
Nike or Adidas
$139.93
AMD54,650.88
$151.85
ISK20,418

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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: March 2025
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See the cost of living in Armenia vs. Iceland. This provides a comparison of the average cost of living from cities within Armenia and Iceland.

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