Cost of Living Comparison Between Reykjavik and Helsinki 
| Indices Difference |  |
|---|---|
| Cost of Living in Helsinki is 20.7% lower than in Reykjavik (without rent) | |
| Cost of Living Including Rent in Helsinki is 26.5% lower than in Reykjavik | |
| Rent Prices in Helsinki are 39.0% lower than in Reykjavik | |
| Restaurant Prices in Helsinki are 21.7% lower than in Reykjavik | |
| Groceries Prices in Helsinki are 26.4% lower than in Reykjavik | |
| Local Purchasing Power in Helsinki is 7.1% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Helsinki Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (20.12 €) |
2,236.44 kr (15.00 €) |
-25.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (114.02 €) |
13,418.63 kr (90.00 €) |
-21.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (15.76 €) |
1,490.96 kr (10.00 €) |
-36.6 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.06 €) |
1,192.77 kr (8.00 €) |
-20.5 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (8.38 €) |
1,192.77 kr (8.00 €) |
-4.6 % |
| Cappuccino (regular) |
708.45 kr (4.75 €) |
668.34 kr (4.48 €) |
-5.7 % |
| Coke/Pepsi (12 oz small bottle) |
412.36 kr (2.77 €) |
399.20 kr (2.68 €) |
-3.2 % |
| Water (12 oz small bottle) |
292.47 kr (1.96 €) |
266.17 kr (1.79 €) |
-9.0 % |
Markets | Reykjavik Edit |
Helsinki Edit | |
| Milk (regular), (1 gallon) |
855.96 kr (5.74 €) |
664.17 kr (4.45 €) |
-22.4 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.12 €) |
383.76 kr (2.57 €) |
-17.4 % |
| Rice (white), (1 lb) |
189.98 kr (1.27 €) |
175.11 kr (1.17 €) |
-7.8 % |
| Eggs (regular) (12) |
819.16 kr (5.49 €) |
432.38 kr (2.90 €) |
-47.2 % |
| Local Cheese (1 lb) |
965.37 kr (6.47 €) |
529.59 kr (3.55 €) |
-45.1 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (8.27 €) |
779.93 kr (5.23 €) |
-36.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,934.50 kr (12.97 €) |
1,405.23 kr (9.43 €) |
-27.4 % |
| Apples (1 lb) |
188.37 kr (1.26 €) |
153.11 kr (1.03 €) |
-18.7 % |
| Banana (1 lb) |
134.67 kr (0.90 €) |
119.09 kr (0.80 €) |
-11.6 % |
| Oranges (1 lb) |
169.47 kr (1.14 €) |
145.20 kr (0.97 €) |
-14.3 % |
| Tomato (1 lb) |
303.07 kr (2.03 €) |
260.81 kr (1.75 €) |
-13.9 % |
| Potato (1 lb) |
198.33 kr (1.33 €) |
80.69 kr (0.54 €) |
-59.3 % |
| Onion (1 lb) |
134.12 kr (0.90 €) |
120.50 kr (0.81 €) |
-10.2 % |
| Lettuce (1 head) |
435.00 kr (2.92 €) |
289.19 kr (1.94 €) |
-33.5 % |
| Water (1.5 liter bottle) |
284.82 kr (1.91 €) |
267.28 kr (1.79 €) |
-6.2 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (18.44 €) |
2,087.34 kr (14.00 €) |
-24.1 % |
| Domestic Beer (0.5 liter bottle) |
437.94 kr (2.94 €) |
392.56 kr (2.63 €) |
-10.4 % |
| Imported Beer (12 oz small bottle) |
353.50 kr (2.37 €) |
461.38 kr (3.09 €) |
+30.5 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (11.07 €) |
1,550.60 kr (10.40 €) |
-6.0 % |
Transportation | Reykjavik Edit |
Helsinki Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.82 €) |
439.83 kr (2.95 €) |
-22.8 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (62.38 €) |
9,929.78 kr (66.60 €) |
+6.8 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.90 €) |
1,006.40 kr (6.75 €) |
+37.9 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (3.38 €) |
287.94 kr (1.93 €) |
-42.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (64.59 €) |
8,409.01 kr (56.40 €) |
-12.7 % |
| Gasoline (1 gallon) |
1,191.65 kr (7.99 €) |
1,071.78 kr (7.19 €) |
-10.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (38,834.08 €) |
4,807,596.12 kr (32,245.00 €) |
-17.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,034,875.00 kr (40,476.48 €) |
5,056,752.21 kr (33,916.11 €) |
-16.2 % |
Utilities (Monthly) | Reykjavik Edit |
Helsinki Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,870.02 kr (79.61 €) |
16,509.05 kr (110.73 €) |
+39.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (21.83 €) |
3,651.46 kr (24.49 €) |
+12.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,675.42 kr (64.89 €) |
2,867.79 kr (19.23 €) |
-70.4 % |
Sports And Leisure | Reykjavik Edit |
Helsinki Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,775.19 kr (58.86 €) |
6,464.62 kr (43.36 €) |
-26.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (26.92 €) |
3,683.54 kr (24.71 €) |
-8.2 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (13.41 €) |
2,534.63 kr (17.00 €) |
+26.7 % |
Childcare | Reykjavik Edit |
Helsinki Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
32,582.12 kr (218.53 €) |
46,403.22 kr (311.23 €) |
+42.4 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (5,578.07 €) |
1,247,276.36 kr (8,365.60 €) |
+50.0 % |
Clothing And Shoes | Reykjavik Edit |
Helsinki Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,557.53 kr (97.64 €) |
12,894.45 kr (86.48 €) |
-11.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,491.15 kr (43.54 €) |
4,534.01 kr (30.41 €) |
-30.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,994.75 kr (134.11 €) |
10,962.38 kr (73.53 €) |
-45.2 % |
| 1 Pair of Men Leather Business Shoes |
24,855.00 kr (166.70 €) |
14,189.91 kr (95.17 €) |
-42.9 % |
Rent Per Month | Reykjavik Edit |
Helsinki Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,737.65 €) |
150,557.83 kr (1,009.81 €) |
-41.9 % |
| Apartment (1 bedroom) Outside of Centre |
233,283.10 kr (1,564.65 €) |
118,865.55 kr (797.24 €) |
-49.0 % |
| Apartment (3 bedrooms) in City Centre |
371,766.67 kr (2,493.47 €) |
264,673.83 kr (1,775.19 €) |
-28.8 % |
| Apartment (3 bedrooms) Outside of Centre |
331,964.29 kr (2,226.52 €) |
195,136.67 kr (1,308.80 €) |
-41.2 % |
Buy Apartment Price | Reykjavik Edit |
Helsinki Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
79,895.94 kr (535.87 €) |
104,654.36 kr (701.93 €) |
+31.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,072.86 kr (429.74 €) |
59,903.04 kr (401.78 €) |
-6.5 % |
Salaries And Financing | Reykjavik Edit |
Helsinki Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,443.29 €) |
404,062.22 kr (2,710.08 €) |
-21.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 3.82 | -53.1 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 171 | 232 |
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 |