Cost of living in Reykjavik (Iceland) is 68% more expensive than in Varese (Italy)
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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 141 prices entered by 20 different people.
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Currency:
| Food | + 81% | |||
|---|---|---|---|---|
| Food in Reykjavik (Iceland) is 81% more expensive than in Varese (Italy) | ||||
| Update prices | Update prices | |||
| Reykjavik | Varese | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 3,564 kr (€24) | €13 | + 88% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,417 kr (€16) | €8 | + 95% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,093 kr (€7) | €4.73 | + 55% | |
| 1 liter (1 qt.) of whole fat milk | 221 kr (€1.48) | €1.28 | + 16% | |
| 12 eggs, large | 791 kr (€5.31) | €3.04 | + 75% | |
| 1 kg (2 lb.) of tomatoes | 625 kr (€4.20) | €2.29 | + 83% | |
| 500 gr (16 oz.) of local cheese | 1,068 kr (€7) | €7 | + 5% | |
| 1 kg (2 lb.) of apples | 389 kr (€2.61) | €1.82 | + 43% | |
| 1 kg (2 lb.) of potatoes | 341 kr (€2.29) | €1.17 | + 96% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 466 kr (€3.13) | €1.56 | + 101% | |
| 1 bottle of red table wine, good quality | 3,475 kr (€23) | €7 | + 244% | |
| 2 liters of coca-cola | 312 kr (€2.09) | €2.43 | - 14% | |
| Bread for 2 people for 1 day | 404 kr (€2.71) | €1.18 | + 130% | |
| Housing | + 118% | |||
| Housing in Reykjavik (Iceland) is 118% more expensive than in Varese (Italy) | ||||
| Update prices | Update prices | |||
| Reykjavik | Varese | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 338,792 kr (€2,275) | €971 | + 134% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 273,393 kr (€1,836) | €683 | + 169% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 19,861 kr (€133) | €181 | - 26% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 212,459 kr (€1,427) | €632 | + 126% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 163,338 kr (€1,097) | €395 | + 178% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 20,214 kr (€136) | €113 | + 21% | |
| Internet 8 mbps (1 month) | 7,060 kr (€47) | €22 | + 116% | |
| 40” flat screen tv | 103,341 kr (€694) | €434 | + 60% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 30,228 kr (€203) | €127 | + 60% | |
| Laundry detergent (3 l. ~ 100 oz.) | 2,012 kr (€14) | €5.21 | + 159% | |
| Hourly rate for cleaning help | 4,514 kr (€30) | €11 | + 168% | |
| Clothes | + 57% | |||
| Clothes in Reykjavik (Iceland) is 57% more expensive than in Varese (Italy) | ||||
| Update prices | Update prices | |||
| Reykjavik | Varese | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 18,750 kr (€126) | €103 | + 22% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 9,202 kr (€62) | €35 | + 78% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 23,830 kr (€160) | €109 | + 47% | |
| 1 pair of men’s leather business shoes | 32,282 kr (€217) | €110 | + 97% | |
| Transportation | + 57% | |||
| Transportation in Reykjavik (Iceland) is 57% more expensive than in Varese (Italy) | ||||
| Update prices | Update prices | |||
| Reykjavik | Varese | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 5,305,600 kr (€35,628) | €20,295 | + 76% | |
| 1 liter (1/4 gallon) of gas | 289 kr (€1.94) | €1.60 | + 21% | |
| Monthly ticket public transport | 10,225 kr (€69) | €43 | + 60% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 4,818 kr (€32) | €18 | + 78% | |
| Personal Care | + 23% | |||
| Personal Care in Reykjavik (Iceland) is 23% more expensive than in Varese (Italy) | ||||
| Update prices | Update prices | |||
| Reykjavik | Varese | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,482 kr (€10) | €9 | + 11% | |
| 1 box of antibiotics (12 doses) | 2,067 kr (€14) | €10 | + 40% | |
| Short visit to private doctor (15 minutes) | 10,369 kr (€70) | €72 | - 3% | |
| 1 box of 32 tampons (tampax, ob, ...) | 687 kr (€4.62) | €5.74 | - 20% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 679 kr (€4.56) | €4.16 | + 10% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 762 kr (€5.12) | €3.48 | + 47% | |
| 4 rolls of toilet paper | 503 kr (€3.37) | €2.36 | + 43% | |
| Tube of toothpaste | 424 kr (€2.85) | €2.81 | + 2% | |
| Standard men's haircut in expat area of the city | 6,437 kr (€43) | €20 | + 115% | |
| Entertainment | + 36% | |||
| Entertainment in Reykjavik (Iceland) is 36% more expensive than in Varese (Italy) | ||||
| Update prices | Update prices | |||
| Reykjavik | Varese | Diff | ||
| Basic dinner out for two in neighborhood pub | 7,791 kr (€52) | €46 | + 15% | |
| 2 tickets to the movies | 3,314 kr (€22) | €19 | + 19% | |
| 2 tickets to the theater (best available seats) | 13,356 kr (€90) | €71 | + 27% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 10,879 kr (€73) | €83 | - 11% | |
| 1 cocktail drink in downtown club | 2,619 kr (€18) | €8 | + 119% | |
| Cappuccino in expat area of the city | 713 kr (€4.79) | €1.44 | + 233% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,342 kr (€9) | €5.92 | + 52% | |
| Ipad wi-fi 128gb | 106,076 kr (€712) | €547 | + 30% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 57 kr (€0.38) | €0.22 | + 74% | |
| 1 month of gym membership in business district | 9,931 kr (€67) | €48 | + 40% | |
| 1 package of marlboro cigarettes | 1,651 kr (€11) | €5.39 | + 106% | |
 |
TOTAL | + 68% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 141 prices entered by 20 different people.
These prices were last updated on May 30, 2023.
Exchange rate:
0.00672
EUR
/
ISK
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For example, you would need at least €5,220 (777,280 kr) in Reykjavik to maintain the same standard of living that you can have with €3,100 in Varese.
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