Cost of Living in Las Palmas vs Reykjavik

Cost of living in Las Palmas is 47% lower than in Reykjavik (without rent).

Rent in Las Palmas is 58% cheaper than in Reykjavik.

Cost of living including rent in Las Palmas is 54% lower than in Reykjavik.

Food in Las Palmas is 52% cheaper than in Reykjavik.

Transport in Las Palmas is 17% cheaper than in Reykjavik.

Las Palmas vs. Reykjavik Comparision

Las Palmas Reykjavik
Cost of Living, including rent
1,353 $
2,915 $
Without Rent
602 $
1,134 $
Rent & Utilities
751 $
1,781 $
Food
401 $
832 $
Transport
73 $
89 $
Monthly Salary, after tax
1,678 $
3,918 $
Quality of Life
78
89
Population
378.0K
140.0K

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Las Palmas Reykjavik

Restaurants

Lunch menu,
inexpensive restaurant
11.7 $ 22 $
Dinner, for 2 40.2 $ 125 $
Fast food, McDonalds or KFC 9.67 $ 18.5 $
Beer, 0.5 L or 16 fl oz 3.21 $ 11.1 $
Capuccino 2.21 $ 5.35 $
Coke, 330ml 1.69 $ 3.27 $

Markets

Milk, 1 L or 1 qt 1.12 $ 1.72 $
Bread, 0.5 kg or 1 lb 1.6 $ 3.66 $
Rice, 1 kg or 2 lb 1.65 $ 3.25 $
Eggs, 12 pack 3.12 $ 5.9 $
Cheese, 1 kg or 2 lb 13.6 $ 16 $
Chicken Breast, 1 kg or 2 lb 9.76 $ 21.4 $
Round Steak, 1 kg or 2 lb 16.2 $ 37.6 $
Apples, 1 kg or 2 lb 2.37 $ 3.07 $
Banana, 1 kg or 2 lb 1.51 $ 2.29 $
Oranges, 1 kg or 2 lb 2.3 $ 2.72 $
Potatoes, 1 kg or 2 lb 1.34 $ 3.21 $
Onions, 1 kg or 2 lb 2.73 $ 2.16 $
Water, 1 L or 1 qt 0.42 $ 1.37 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.03 $ 2.74 $
Wine, 750 mL bottle 7.26 $ 22 $
Beer, 0.5 L or 16 fl oz 1.21 $ 3.27 $
Cigarette pack 5.32 $ 12.2 $

Transport

Local transport ticket, One-way Ticket 1.55 $ 4.63 $
Monthly pass, Monthly Ticket 19.5 $ 77.2 $
Gas or petrol, 1 L or 0.26 gal 1.57 $ 2.29 $
Taxi, 8 km 16.8 $ 24.8 $

Personal Care

Doctor visit, private clinic 80.7 $ 84.7 $
Cold medicine, for 1 week 8.09 $ 11.6 $
Hair shampoo, 400 ml or 12 oz 3.06 $ 5.36 $
Toilet paper, 4 rolls 1.34 $ 4.68 $
Toothpaste, 1 tube 1.49 $ 3.32 $

Utilities per Month

Utility bill - 1 person,
electricity, heating, water & garbage
55 $ 44.2 $
Utility bill - family,
electricity, heating, water & garbage
85.2 $ 68.4 $
Internet plan,
+60 Mbps
30.8 $ 74.1 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 642 $ 1,626 $
3 Bedroom Apartment, outside of center, 85 sq.m 1,093 $ 2,552 $
1 Bedroom Apartment, in city center, 40 sq.m 759 $ 1,809 $
3 Bedroom Apartment, in city center, 85 sq.m 1,317 $ 2,822 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 2,778 $ 6,498 $
Price per Square Meter to Buy House, in suburbs 1,707 $ 5,311 $

Salaries and Financing

Average Monthly Net Salary, after tax 1,678 $ 3,918 $
Mortgage Interest Rate, for 20 years fixed-rate 3.42 % 8.55 %

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 47.3 $ 71.8 $
Cinema, 1 seat 8.5 $ 15.1 $
Haircut 10.5 $ 47.4 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 91.5 $ 155 $
Brand Jeans, Levis 501 75.9 $ 112 $

Childcare

Preschool, full day, monthly for 1 child 509 $ 254 $
International Primary School, yearly for 1 child 6,104 $ 6,167 $