Cost of living in Reykjavik, Iceland vs Lima, Peru
Currency:
Food | + 223% | |||
---|---|---|---|---|
Food in Reykjavik (Iceland) is 223% more expensive than in Lima (Peru) | ||||
Basic lunchtime menu (including a drink) in the business district | 3,127 kr (S/. 90) | S/. 24 | + 275% | |
Combo meal in fast food restaurant (big mac meal or similar) | 1,806 kr (S/. 52) | S/. 17 | + 214% | |
500 gr (1 lb.) of boneless chicken breast | 1,180 kr (S/. 34) | S/. 7 | + 370% | |
1 liter (1 qt.) of whole fat milk | 172 kr (S/. 4.95) | S/. 4.20 | + 18% | |
12 eggs, large | 788 kr (S/. 23) | S/. 6 | + 257% | |
1 kg (2 lb.) of tomatoes | 578 kr (S/. 17) | S/. 3.81 | + 336% | |
500 gr (16 oz.) of local cheese | 1,023 kr (S/. 29) | S/. 13 | + 124% | |
1 kg (2 lb.) of apples | 447 kr (S/. 13) | S/. 4.41 | + 191% | |
1 kg (2 lb.) of potatoes | 375 kr (S/. 11) | S/. 2.44 | + 341% | |
0.5 l (16 oz) domestic beer in the supermarket | 399 kr (S/. 11) | S/. 5.23 | + 119% | |
1 bottle of red table wine, good quality | 3,367 kr (S/. 97) | S/. 43 | + 125% | |
2 liters of coca-cola | 321 kr (S/. 9) | S/. 7 | + 25% | |
Bread for 2 people for 1 day | 327 kr (S/. 9) | S/. 1.61 | + 484% | |
Housing | + 198% | |||
Housing in Reykjavik (Iceland) is 198% more expensive than in Lima (Peru) | ||||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 261,838 kr (S/. 7,520) | S/. 2,914 | + 158% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 232,894 kr (S/. 6,689) | S/. 1,676 | + 299% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 18,704 kr (S/. 537) | S/. 205 | + 162% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 191,469 kr (S/. 5,499) | S/. 2,252 | + 144% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 155,726 kr (S/. 4,473) | S/. 1,169 | + 283% | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 13,134 kr (S/. 377) | S/. 160 | + 136% | |
Internet 8 mbps (1 month) | 7,440 kr (S/. 214) | S/. 69 | + 211% | |
40” flat screen tv | 101,511 kr (S/. 2,915) | S/. 1,255 | + 132% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 24,102 kr (S/. 692) | S/. 337 | + 105% | |
Laundry detergent (3 l. ~ 100 oz.) | 1,913 kr (S/. 55) | S/. 35 | + 58% | |
Hourly rate for cleaning help | 4,327 kr (S/. 124) | S/. 18 | + 603% | |
Clothes | + 184% | |||
Clothes in Reykjavik (Iceland) is 184% more expensive than in Lima (Peru) | ||||
1 pair of jeans (levis 501 or similar) | 17,416 kr (S/. 500) | S/. 155 | + 222% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | 8,404 kr (S/. 241) | S/. 89 | + 170% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | 21,041 kr (S/. 604) | S/. 249 | + 143% | |
1 pair of men’s leather business shoes | 27,448 kr (S/. 788) | S/. 248 | + 218% | |
Transportation | + 134% | |||
Transportation in Reykjavik (Iceland) is 134% more expensive than in Lima (Peru) | ||||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,711,350 kr (S/. 106,592) | S/. 66,001 | + 62% | |
1 liter (1/4 gallon) of gas | 231 kr (S/. 7) | S/. 3.77 | + 76% | |
Monthly ticket public transport | 12,980 kr (S/. 373) | S/. 127 | + 194% | |
Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 3,332 kr (S/. 96) | S/. 40 | + 138% | |
Personal Care | + 101% | |||
Personal Care in Reykjavik (Iceland) is 101% more expensive than in Lima (Peru) | ||||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,366 kr (S/. 39) | S/. 22 | + 77% | |
1 box of antibiotics (12 doses) | 2,029 kr (S/. 58) | S/. 22 | + 170% | |
Short visit to private doctor (15 minutes) | 5,604 kr (S/. 161) | S/. 74 | + 119% | |
1 box of 32 tampons (tampax, ob, ...) | 661 kr (S/. 19) | S/. 19 | + 0% | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | 604 kr (S/. 17) | S/. 13 | + 38% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 667 kr (S/. 19) | S/. 17 | + 15% | |
4 rolls of toilet paper | 480 kr (S/. 14) | S/. 4.64 | + 197% | |
Tube of toothpaste | 414 kr (S/. 12) | S/. 4.34 | + 174% | |
Standard men's haircut in expat area of the city | 5,775 kr (S/. 166) | S/. 43 | + 285% | |
Entertainment | + 117% | |||
Entertainment in Reykjavik (Iceland) is 117% more expensive than in Lima (Peru) | ||||
Basic dinner out for two in neighborhood pub | 7,167 kr (S/. 206) | S/. 36 | + 479% | |
2 tickets to the movies | 3,144 kr (S/. 90) | S/. 33 | + 170% | |
2 tickets to the theater (best available seats) | 12,001 kr (S/. 345) | S/. 90 | + 284% | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 11,714 kr (S/. 336) | S/. 107 | + 213% | |
1 cocktail drink in downtown club | 2,559 kr (S/. 74) | S/. 26 | + 186% | |
Cappuccino in expat area of the city | 687 kr (S/. 20) | S/. 13 | + 46% | |
1 beer in neighbourhood pub (500ml or 1pt.) | 1,111 kr (S/. 32) | S/. 8 | + 303% | |
Ipad wi-fi 128gb | 85,553 kr (S/. 2,457) | S/. 1,819 | + 35% | |
1 min. of prepaid mobile tariff (no discounts or plans) | 20 kr (S/. 0.58) | S/. 0.61 | - 5% | |
1 month of gym membership in business district | 8,187 kr (S/. 235) | S/. 163 | + 44% | |
1 package of marlboro cigarettes | 1,463 kr (S/. 42) | S/. 16 | + 161% | |
TOTAL | + 165% |

These prices were last updated on February 26, 2021.
Exchange rate:
0.02872
PEN
/
ISK
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Cost of living in Reykjavik (Iceland) is 165% more expensive than in Lima (Peru)
For example, you would need at least S/. 21,503 (748,704 kr) in Reykjavik to maintain the same standard of living that you can have with S/. 8,100 in Lima.
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