Cost of living in Faro is 55% lower than in Reykjavik (without rent).
Rent in Faro is 64% cheaper than in Reykjavik.
Cost of living including rent in Faro is 60% lower than in Reykjavik.
Food in Faro is 60% cheaper than in Reykjavik.
Transport in Faro is 34% cheaper than in Reykjavik.
| Faro | Reykjavik | |
|---|---|---|
| Cost of Living, including rent | ||
| Without Rent | ||
| Rent & Utilities | ||
| Food | ||
| Transport | ||
| Monthly Salary, after tax | ||
| Quality of Life | ||
| Population |
| Faro | Reykjavik | |
|---|---|---|
Restaurants |
||
| Lunch menu, inexpensive restaurant |
8.38 $ | 22 $ |
| Dinner, for 2 | 30.7 $ | 125 $ |
| Fast food, McDonalds or KFC | 8.94 $ | 18.5 $ |
| Beer, 0.5 L or 16 fl oz | 2.15 $ | 11.1 $ |
| Capuccino | 3.11 $ | 5.35 $ |
| Coke, 330ml | 1.87 $ | 3.27 $ |
Markets |
Milk, 1 L or 1 qt | 1 $ | 1.72 $ |
| Bread, 0.5 kg or 1 lb | 1.06 $ | 3.66 $ |
| Rice, 1 kg or 2 lb | 1.05 $ | 3.25 $ |
| Eggs, 12 pack | 3.97 $ | 5.9 $ |
| Cheese, 1 kg or 2 lb | 12 $ | 16 $ |
| Chicken Breast, 1 kg or 2 lb | 7.4 $ | 21.4 $ |
| Round Steak, 1 kg or 2 lb | 13 $ | 37.6 $ |
| Apples, 1 kg or 2 lb | 1.87 $ | 3.07 $ |
| Banana, 1 kg or 2 lb | 1.28 $ | 2.29 $ |
| Oranges, 1 kg or 2 lb | 1.33 $ | 2.72 $ |
| Potatoes, 1 kg or 2 lb | 1.21 $ | 3.21 $ |
| Onions, 1 kg or 2 lb | 2.07 $ | 2.16 $ |
| Water, 1 L or 1 qt | 0.65 $ | 1.37 $ |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | 2.25 $ | 2.74 $ |
| Wine, 750 mL bottle | 5.76 $ | 22 $ |
| Beer, 0.5 L or 16 fl oz | 1.23 $ | 3.27 $ |
| Cigarette pack | 5.84 $ | 12.2 $ |
Transport |
||
| Local transport ticket, One-way Ticket | 3.07 $ | 4.63 $ |
| Monthly pass, Monthly Ticket | 37.9 $ | 77.2 $ |
| Gas or petrol, 1 L or 0.26 gal | 2.13 $ | 2.29 $ |
| Taxi, 8 km | 18.9 $ | 24.8 $ |
Personal Care |
||
| Doctor visit, private clinic | 79.6 $ | 84.7 $ |
| Cold medicine, for 1 week | 4.93 $ | 11.6 $ |
| Hair shampoo, 400 ml or 12 oz | 5.31 $ | 5.36 $ |
| Toilet paper, 4 rolls | 1.52 $ | 4.68 $ |
| Toothpaste, 1 tube | 1.84 $ | 3.32 $ |
Utilities per Month |
||
| Utility bill - 1 person, electricity, heating, water & garbage |
64.5 $ | 44.2 $ |
| Utility bill - family, electricity, heating, water & garbage |
98.9 $ | 68.4 $ |
| Internet plan, +60 Mbps |
30.8 $ | 74.1 $ |
Rent per Month |
||
| 1 Bedroom Apartment, outside of center, 40 sq.m | 513 $ | 1,626 $ |
| 3 Bedroom Apartment, outside of center, 85 sq.m | 662 $ | 2,552 $ |
| 1 Bedroom Apartment, in city center, 40 sq.m | 713 $ | 1,809 $ |
| 3 Bedroom Apartment, in city center, 85 sq.m | 930 $ | 2,822 $ |
Buy Apartment Price |
||
| Price per Square Meter to Buy Apartment, in city center | 3,588 $ | 6,498 $ |
| Price per Square Meter to Buy House, in suburbs | 2,834 $ | 5,311 $ |
Salaries and Financing |
||
| Average Monthly Net Salary, after tax | 1,478 $ | 3,918 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 5.23 % | 8.55 % |
Sports and Leisure |
||
| Fitness Club, Monthly Fee for 1 Adult | 34.5 $ | 71.8 $ |
| Cinema, 1 seat | 7.5 $ | 15.1 $ |
| Haircut | 11.9 $ | 47.4 $ |
Clothing and Shoes |
||
| Brand Sneakers, mid-range, Nike or similar | 74.4 $ | 155 $ |
| Brand Jeans, Levis 501 | 92.6 $ | 112 $ |
Childcare |
||
| Preschool, full day, monthly for 1 child | 462 $ | 254 $ |
| International Primary School, yearly for 1 child | 12,088 $ | 6,167 $ |