Cost of Living Comparison Between Reykjavik and Helsinki 
| Indices Difference |  |
|---|---|
| Cost of Living in Helsinki is 21.4% lower than in Reykjavik (without rent) | |
| Cost of Living Including Rent in Helsinki is 27.0% lower than in Reykjavik | |
| Rent Prices in Helsinki are 39.1% lower than in Reykjavik | |
| Restaurant Prices in Helsinki are 22.1% lower than in Reykjavik | |
| Groceries Prices in Helsinki are 27.3% lower than in Reykjavik | |
| Local Purchasing Power in Helsinki is 8.1% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Helsinki Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (20.15 €) |
2,233.58 kr (15.00 €) |
-25.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (114.17 €) |
13,401.47 kr (90.00 €) |
-21.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,400.00 kr (16.12 €) |
1,489.05 kr (10.00 €) |
-38.0 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.07 €) |
1,191.24 kr (8.00 €) |
-20.6 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (8.73 €) |
1,191.24 kr (8.00 €) |
-8.4 % |
| Cappuccino (regular) |
713.18 kr (4.79 €) |
667.48 kr (4.48 €) |
-6.4 % |
| Coke/Pepsi (12 oz small bottle) |
415.70 kr (2.79 €) |
398.69 kr (2.68 €) |
-4.1 % |
| Water (12 oz small bottle) |
296.60 kr (1.99 €) |
265.83 kr (1.79 €) |
-10.4 % |
Markets | Reykjavik Edit |
Helsinki Edit | |
| Milk (regular), (1 gallon) |
857.47 kr (5.76 €) |
670.76 kr (4.50 €) |
-21.8 % |
| Loaf of Fresh White Bread (1 lb) |
457.46 kr (3.07 €) |
386.06 kr (2.59 €) |
-15.6 % |
| Rice (white), (1 lb) |
186.67 kr (1.25 €) |
172.64 kr (1.16 €) |
-7.5 % |
| Eggs (regular) (12) |
818.15 kr (5.49 €) |
429.50 kr (2.88 €) |
-47.5 % |
| Local Cheese (1 lb) |
973.54 kr (6.54 €) |
528.91 kr (3.55 €) |
-45.7 % |
| Chicken Fillets (1 lb) |
1,254.11 kr (8.42 €) |
778.94 kr (5.23 €) |
-37.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,051.12 kr (13.77 €) |
1,403.44 kr (9.43 €) |
-31.6 % |
| Apples (1 lb) |
180.43 kr (1.21 €) |
152.91 kr (1.03 €) |
-15.3 % |
| Banana (1 lb) |
135.12 kr (0.91 €) |
118.94 kr (0.80 €) |
-12.0 % |
| Oranges (1 lb) |
166.53 kr (1.12 €) |
145.02 kr (0.97 €) |
-12.9 % |
| Tomato (1 lb) |
308.81 kr (2.07 €) |
260.47 kr (1.75 €) |
-15.7 % |
| Potato (1 lb) |
191.93 kr (1.29 €) |
80.59 kr (0.54 €) |
-58.0 % |
| Onion (1 lb) |
140.13 kr (0.94 €) |
120.35 kr (0.81 €) |
-14.1 % |
| Lettuce (1 head) |
408.00 kr (2.74 €) |
288.82 kr (1.94 €) |
-29.2 % |
| Water (1.5 liter bottle) |
271.69 kr (1.82 €) |
266.94 kr (1.79 €) |
-1.8 % |
| Bottle of Wine (Mid-Range) |
2,868.50 kr (19.26 €) |
2,084.67 kr (14.00 €) |
-27.3 % |
| Domestic Beer (0.5 liter bottle) |
442.21 kr (2.97 €) |
392.06 kr (2.63 €) |
-11.3 % |
| Imported Beer (12 oz small bottle) |
351.00 kr (2.36 €) |
460.79 kr (3.09 €) |
+31.3 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (11.08 €) |
1,548.61 kr (10.40 €) |
-6.1 % |
Transportation | Reykjavik Edit |
Helsinki Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.83 €) |
439.27 kr (2.95 €) |
-22.9 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (62.46 €) |
9,917.09 kr (66.60 €) |
+6.6 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.90 €) |
982.77 kr (6.60 €) |
+34.6 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.50 €) |
287.57 kr (1.93 €) |
-44.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,900.00 kr (66.49 €) |
8,398.25 kr (56.40 €) |
-15.2 % |
| Gasoline (1 gallon) |
1,188.79 kr (7.98 €) |
1,073.13 kr (7.21 €) |
-9.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (38,883.80 €) |
4,712,030.60 kr (31,644.50 €) |
-18.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,978,625.00 kr (40,150.55 €) |
5,039,792.25 kr (33,845.64 €) |
-15.7 % |
Utilities (Monthly) | Reykjavik Edit |
Helsinki Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
12,446.23 kr (83.58 €) |
16,487.94 kr (110.73 €) |
+32.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,232.50 kr (21.71 €) |
3,646.79 kr (24.49 €) |
+12.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,888.81 kr (66.41 €) |
2,867.48 kr (19.26 €) |
-71.0 % |
Sports And Leisure | Reykjavik Edit |
Helsinki Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,775.19 kr (58.93 €) |
6,456.35 kr (43.36 €) |
-26.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (26.96 €) |
3,678.83 kr (24.71 €) |
-8.4 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (13.43 €) |
2,531.39 kr (17.00 €) |
+26.6 % |
Childcare | Reykjavik Edit |
Helsinki Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
32,850.78 kr (220.62 €) |
46,343.88 kr (311.23 €) |
+41.1 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (5,585.21 €) |
1,245,681.34 kr (8,365.60 €) |
+49.8 % |
Clothing And Shoes | Reykjavik Edit |
Helsinki Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,557.53 kr (97.76 €) |
12,727.05 kr (85.47 €) |
-12.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,491.15 kr (43.59 €) |
4,579.55 kr (30.75 €) |
-29.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,756.90 kr (132.68 €) |
11,165.34 kr (74.98 €) |
-43.5 % |
| 1 Pair of Men Leather Business Shoes |
24,855.00 kr (166.92 €) |
14,474.14 kr (97.20 €) |
-41.8 % |
Rent Per Month | Reykjavik Edit |
Helsinki Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,739.88 €) |
150,325.84 kr (1,009.54 €) |
-42.0 % |
| Apartment (1 bedroom) Outside of Centre |
233,272.51 kr (1,566.58 €) |
118,725.62 kr (797.32 €) |
-49.1 % |
| Apartment (3 bedrooms) in City Centre |
371,766.67 kr (2,496.67 €) |
264,472.18 kr (1,776.11 €) |
-28.9 % |
| Apartment (3 bedrooms) Outside of Centre |
331,964.29 kr (2,229.37 €) |
195,409.44 kr (1,312.31 €) |
-41.1 % |
Buy Apartment Price | Reykjavik Edit |
Helsinki Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
80,618.52 kr (541.41 €) |
104,520.53 kr (701.93 €) |
+29.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
63,409.27 kr (425.84 €) |
59,826.44 kr (401.78 €) |
-5.7 % |
Salaries And Financing | Reykjavik Edit |
Helsinki Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,447.70 €) |
405,062.39 kr (2,720.27 €) |
-21.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 3.79 | -53.4 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 177 | 234 |
Moving to Reykjavik? Explore:
Moving to Helsinki? Explore:
Cities near Reykjavik: | Cost of Living in Hafnarfjorour | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |
Cities near Helsinki: | Cost of Living in Espoo | 13.21 miles |
| Cost of Living in Hameenlinna | 63.23 miles |
| Cost of Living in Lahti | 64.66 miles |
| Cost of Living in Turku | 104.08 miles |
| Cost of Living in Tampere | 110.85 miles |
| Cost of Living in Lappeenranta | 139.27 miles |
| Cost of Living in Jyvaskyla | 167.57 miles |
| Cost of Living in Seinajoki | 223.59 miles |
| Cost of Living in Kuopio | 242.82 miles |