Cost of living in Reykjavik is 20% higher than in Monaco City (without rent).
Rent in Reykjavik is 73% cheaper than in Monaco City.
Cost of living including rent in Reykjavik is 61% lower than in Monaco City.
Food in Reykjavik is 23% more expensive than in Monaco City.
Transport in Reykjavik is 57% more expensive than in Monaco City.
| Reykjavik | Monaco City | |
|---|---|---|
| Cost of Living, including rent | ||
| Without Rent | ||
| Rent & Utilities | ||
| Food | ||
| Transport | ||
| Monthly Salary, after tax | ||
| Quality of Life | ||
| Population |
| Reykjavik | Monaco City | |
|---|---|---|
Restaurants |
||
| Lunch menu, inexpensive restaurant |
22 $ | 21.7 $ |
| Dinner, for 2 | 125 $ | 79.3 $ |
| Fast food, McDonalds or KFC | 18.5 $ | 12.9 $ |
| Beer, 0.5 L or 16 fl oz | 11.1 $ | 8.89 $ |
| Capuccino | 5.35 $ | 5.78 $ |
| Coke, 330ml | 3.27 $ | 4.85 $ |
Markets |
Milk, 1 L or 1 qt | 1.72 $ | 1.95 $ |
| Bread, 0.5 kg or 1 lb | 3.66 $ | 5.43 $ |
| Rice, 1 kg or 2 lb | 3.25 $ | 3.87 $ |
| Eggs, 12 pack | 5.9 $ | 3.72 $ |
| Cheese, 1 kg or 2 lb | 16 $ | 16.6 $ |
| Chicken Breast, 1 kg or 2 lb | 21.4 $ | 11 $ |
| Round Steak, 1 kg or 2 lb | 37.6 $ | 13.3 $ |
| Apples, 1 kg or 2 lb | 3.07 $ | 2.6 $ |
| Banana, 1 kg or 2 lb | 2.29 $ | 2.77 $ |
| Oranges, 1 kg or 2 lb | 2.72 $ | 2.8 $ |
| Potatoes, 1 kg or 2 lb | 3.21 $ | 2.15 $ |
| Onions, 1 kg or 2 lb | 2.16 $ | 3.34 $ |
| Water, 1 L or 1 qt | 1.37 $ | 1 $ |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | 2.74 $ | 3.77 $ |
| Wine, 750 mL bottle | 22 $ | 9.56 $ |
| Beer, 0.5 L or 16 fl oz | 3.27 $ | 1.84 $ |
| Cigarette pack | 12.2 $ | 13.9 $ |
Transport |
||
| Local transport ticket, One-way Ticket | 4.63 $ | 2.24 $ |
| Monthly pass, Monthly Ticket | 77.2 $ | 24.7 $ |
| Gas or petrol, 1 L or 0.26 gal | 2.29 $ | 2.36 $ |
| Taxi, 8 km | 24.8 $ | 21.1 $ |
Personal Care |
||
| Doctor visit, private clinic | 84.7 $ | 86.5 $ |
| Cold medicine, for 1 week | 11.6 $ | 17.3 $ |
| Hair shampoo, 400 ml or 12 oz | 5.36 $ | 11 $ |
| Toilet paper, 4 rolls | 4.68 $ | 3.35 $ |
| Toothpaste, 1 tube | 3.32 $ | 5.95 $ |
Utilities per Month |
||
| Utility bill - 1 person, electricity, heating, water & garbage |
44.2 $ | 195 $ |
| Utility bill - family, electricity, heating, water & garbage |
68.4 $ | 302 $ |
| Internet plan, +60 Mbps |
74.1 $ | 63.8 $ |
Rent per Month |
||
| 1 Bedroom Apartment, outside of center, 40 sq.m | 1,626 $ | 5,954 $ |
| 3 Bedroom Apartment, outside of center, 85 sq.m | 2,552 $ | 7,789 $ |
| 1 Bedroom Apartment, in city center, 40 sq.m | 1,809 $ | 7,511 $ |
| 3 Bedroom Apartment, in city center, 85 sq.m | 2,822 $ | 6,493 $ |
Buy Apartment Price |
||
| Price per Square Meter to Buy Apartment, in city center | 6,498 $ | 85,921 $ |
| Price per Square Meter to Buy House, in suburbs | 5,311 $ | 71,911 $ |
Salaries and Financing |
||
| Average Monthly Net Salary, after tax | 3,918 $ | 6,658 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 8.55 % | 2.89 % |
Sports and Leisure |
||
| Fitness Club, Monthly Fee for 1 Adult | 71.8 $ | 84.3 $ |
| Cinema, 1 seat | 15.1 $ | 13.4 $ |
| Haircut | 47.4 $ | 37.4 $ |
Clothing and Shoes |
||
| Brand Sneakers, mid-range, Nike or similar | 155 $ | 191 $ |
| Brand Jeans, Levis 501 | 112 $ | 103 $ |
Childcare |
||
| Preschool, full day, monthly for 1 child | 254 $ | 2,156 $ |
| International Primary School, yearly for 1 child | 6,167 $ | 36,628 $ |