Cost of living in Reykjavik (Iceland) is 87% more expensive than in Malaga (Spain)
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WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 341 prices entered by 61 different people.
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Currency:
| Food | + 104% | |||
|---|---|---|---|---|
| Food in Reykjavik (Iceland) is 104% more expensive than in Malaga (Spain) | ||||
| Update prices | Update prices | |||
| Reykjavik | Malaga | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 3,564 kr (€23) | €15 | + 49% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,417 kr (€16) | €8 | + 96% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,093 kr (€7) | €2.88 | + 146% | |
| 1 liter (1 qt.) of whole fat milk | 211 kr (€1.36) | €0.85 | + 60% | |
| 12 eggs, large | 791 kr (€5.12) | €2.21 | + 131% | |
| 1 kg (2 lb.) of tomatoes | 625 kr (€4.04) | €1.27 | + 219% | |
| 500 gr (16 oz.) of local cheese | 1,068 kr (€7) | €7 | + 0% | |
| 1 kg (2 lb.) of apples | 389 kr (€2.51) | €1.65 | + 52% | |
| 1 kg (2 lb.) of potatoes | 341 kr (€2.21) | €0.91 | + 141% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 468 kr (€3.03) | €0.79 | + 284% | |
| 1 bottle of red table wine, good quality | 3,291 kr (€21) | €5.17 | + 311% | |
| 2 liters of coca-cola | 312 kr (€2.02) | €1.78 | + 13% | |
| Bread for 2 people for 1 day | 404 kr (€2.61) | €0.72 | + 265% | |
| Housing | + 83% | |||
| Housing in Reykjavik (Iceland) is 83% more expensive than in Malaga (Spain) | ||||
| Update prices | Update prices | |||
| Reykjavik | Malaga | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 329,172 kr (€2,128) | €1,086 | + 96% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 271,078 kr (€1,752) | €724 | + 142% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 19,861 kr (€128) | €225 | - 43% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 200,913 kr (€1,299) | €691 | + 88% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 147,332 kr (€952) | €555 | + 71% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 20,214 kr (€131) | €68 | + 91% | |
| Internet 8 mbps (1 month) | 7,060 kr (€46) | €27 | + 66% | |
| 40” flat screen tv | 103,341 kr (€668) | €354 | + 89% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 30,228 kr (€195) | €87 | + 124% | |
| Laundry detergent (3 l. ~ 100 oz.) | 2,012 kr (€13) | €5.54 | + 135% | |
| Hourly rate for cleaning help | 4,514 kr (€29) | €10 | + 192% | |
| Clothes | + 118% | |||
| Clothes in Reykjavik (Iceland) is 118% more expensive than in Malaga (Spain) | ||||
| Update prices | Update prices | |||
| Reykjavik | Malaga | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 18,750 kr (€121) | €70 | + 74% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 9,202 kr (€59) | €25 | + 138% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 23,830 kr (€154) | €63 | + 145% | |
| 1 pair of men’s leather business shoes | 32,282 kr (€209) | €90 | + 132% | |
| Transportation | + 81% | |||
| Transportation in Reykjavik (Iceland) is 81% more expensive than in Malaga (Spain) | ||||
| Update prices | Update prices | |||
| Reykjavik | Malaga | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 5,305,600 kr (€34,296) | €26,734 | + 28% | |
| 1 liter (1/4 gallon) of gas | 296 kr (€1.92) | €1.59 | + 20% | |
| Monthly ticket public transport | 13,296 kr (€86) | €32 | + 169% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 5,461 kr (€35) | €27 | + 31% | |
| Personal Care | + 67% | |||
| Personal Care in Reykjavik (Iceland) is 67% more expensive than in Malaga (Spain) | ||||
| Update prices | Update prices | |||
| Reykjavik | Malaga | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,482 kr (€10) | €5.26 | + 82% | |
| 1 box of antibiotics (12 doses) | 2,067 kr (€13) | €7 | + 82% | |
| Short visit to private doctor (15 minutes) | 10,369 kr (€67) | €55 | + 21% | |
| 1 box of 32 tampons (tampax, ob, ...) | 687 kr (€4.44) | €3.74 | + 19% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 679 kr (€4.39) | €2.70 | + 62% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 762 kr (€4.93) | €2.94 | + 68% | |
| 4 rolls of toilet paper | 503 kr (€3.25) | €1.79 | + 81% | |
| Tube of toothpaste | 424 kr (€2.74) | €1.95 | + 41% | |
| Standard men's haircut in expat area of the city | 6,426 kr (€42) | €15 | + 182% | |
| Entertainment | + 80% | |||
| Entertainment in Reykjavik (Iceland) is 80% more expensive than in Malaga (Spain) | ||||
| Update prices | Update prices | |||
| Reykjavik | Malaga | Diff | ||
| Basic dinner out for two in neighborhood pub | 6,879 kr (€44) | €23 | + 95% | |
| 2 tickets to the movies | 3,314 kr (€21) | €15 | + 40% | |
| 2 tickets to the theater (best available seats) | 13,356 kr (€86) | €53 | + 62% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 11,331 kr (€73) | €35 | + 109% | |
| 1 cocktail drink in downtown club | 2,553 kr (€17) | €8 | + 110% | |
| Cappuccino in expat area of the city | 713 kr (€4.61) | €2.83 | + 63% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,306 kr (€8) | €3.81 | + 122% | |
| Ipad wi-fi 128gb | 106,076 kr (€686) | €358 | + 91% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 57 kr (€0.37) | €0.22 | + 64% | |
| 1 month of gym membership in business district | 9,931 kr (€64) | €44 | + 47% | |
| 1 package of marlboro cigarettes | 1,699 kr (€11) | €5.10 | + 115% | |
 |
TOTAL | + 87% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 341 prices entered by 61 different people.
These prices were last updated on January 27, 2023.
Exchange rate:
0.00646
EUR
/
ISK
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For example, you would need at least €6,167 (953,971 kr) in Reykjavik to maintain the same standard of living that you can have with €3,300 in Malaga.
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