Cost of living comparison
Reykjavik is 2.3 times more expensive than Yerevan.
If you lived in Reykjavik instead of Yerevan, you would:
pay 2.7 times more for restaurants
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.08
AMD3,896.27
|
$21.59
ISK2,967
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.75
AMD2,997.13
|
$17.27
ISK2,374
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.02
AMD392.69
|
$2.90
ISK399
|
|
| Bottle of water (11 fl. oz) |
$0.60
AMD231.94
|
$2.07
ISK285
|
|
pay 2.7 times more for groceries
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.77
AMD296.68
|
$3.68
ISK506
|
|
| Local cheese (8 oz) |
$4.11
AMD1,590.29
|
$7.66
ISK1,052
|
|
| Milk (1 gallon) |
$5.82
AMD2,251.51
|
$6.16
ISK847
|
|
|
Eggs
1 dozen
|
$2.29
AMD884.64
|
$5.91
ISK813
|
|
| Boneless chicken breast (1 lb) |
$3.27
AMD1,265.45
|
$8.87
ISK1,220
|
|
| Apples (1 lb) |
$0.52
AMD202.48
|
$1.53
ISK210
|
|
| Bananas (1 lb) |
$0.81
AMD314.40
|
$0.97
ISK133
|
|
| Oranges (1 lb) |
$0.77
AMD299.47
|
$1.26
ISK173
|
|
| Tomatoes (1 lb) |
$0.89
AMD345.16
|
$2.23
ISK306
|
|
| Potatoes (1 lb) |
$0.30
AMD116.69
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$0.30
AMD116.25
|
$1.01
ISK139
|
|
pay 3.7 times more for transportation
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.13
AMD1,982.39
|
$8.57
ISK1,179
|
|
| Monthly public transit pass |
$10.34
AMD3,996.17
|
$66.92
ISK9,198
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,015.91
AMD11,988,510.00
|
$41,660.67
ISK5,726,259
|
|
| Taxi trip in downtown area (5 miles) |
$4.29
AMD1,658.41
|
$23.30
ISK3,202
|
|
pay 2.1 times more for housing
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$22.14
AMD8,557.99
|
$68.45
ISK9,408
|
|
| 1-Bedroom apartment in downtown area |
$967.29
AMD373,883.31
|
$1,864.13
ISK256,225
|
|
| 1-Bedroom apartment outside city center |
$640.24
AMD247,469.77
|
$1,666.20
ISK229,019
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$88.86
AMD34,348.69
|
$64.43
ISK8,856
|
|
pay 25.1% less for childcare
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$308.47
AMD119,233.55
|
$240.37
ISK33,039
|
|
| Middle school for 1 child, two semesters |
$8,316.23
AMD3,214,454.03
|
$5,984.07
ISK822,511
|
|
pay 2.8 times more for entertainment and sports
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.07
AMD799.23
|
$10.79
ISK1,483
|
|
| Cappuccino in mid-range area |
$3.49
AMD1,349.80
|
$5.09
ISK699
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.58
AMD999.04
|
$11.87
ISK1,632
|
|
| Monthly membership at local gym |
$83.09
AMD32,118.15
|
$65.50
ISK9,003
|
|
| Movie ticket to theater/cinema |
$7.75
AMD2,997.13
|
$14.39
ISK1,978
|
|
pay 8.9% more for clothing
|
Yerevan
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$93.13
AMD35,998.32
|
$103.94
ISK14,287
|
|
|
Regular dress
from H&M or similar store
|
$61.89
AMD23,922.80
|
$43.50
ISK5,978
|
|
|
Running shoes
Nike or Adidas
|
$132.82
AMD51,339.16
|
$141.47
ISK19,445
|
|
| Men's business shoes (leather) |
$118.67
AMD45,869.08
|
$174.65
ISK24,006
|
|
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