Cost of Living Comparison Between Reykjavik and Valencia 
| Indices Difference |  |
|---|---|
| Consumer Prices in Valencia are 45.6% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in Valencia are 45.5% lower than in Reykjavik | |
| Rent Prices in Valencia are 45.3% lower than in Reykjavik | |
| Restaurant Prices in Valencia are 50.5% lower than in Reykjavik | |
| Groceries Prices in Valencia are 51.3% lower than in Reykjavik | |
| Local Purchasing Power in Valencia is 5.9% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Valencia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (19.62 €) |
1,913.87 kr (12.75 €) |
-35.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,250.00 kr (114.92 €) |
6,754.82 kr (45.00 €) |
-60.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (15.66 €) |
1,501.07 kr (10.00 €) |
-36.1 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (9.99 €) |
450.32 kr (3.00 €) |
-70.0 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (8.33 €) |
375.27 kr (2.50 €) |
-70.0 % |
| Cappuccino (regular) |
711.20 kr (4.74 €) |
275.29 kr (1.83 €) |
-61.3 % |
| Coke/Pepsi (12 oz small bottle) |
403.12 kr (2.69 €) |
263.48 kr (1.76 €) |
-34.6 % |
| Water (12 oz small bottle) |
288.04 kr (1.92 €) |
212.32 kr (1.41 €) |
-26.3 % |
Markets | Reykjavik Edit |
Valencia Edit | |
| Milk (regular), (1 gallon) |
856.77 kr (5.71 €) |
584.37 kr (3.89 €) |
-31.8 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.09 €) |
143.97 kr (0.96 €) |
-69.0 % |
| Rice (white), (1 lb) |
207.81 kr (1.38 €) |
88.33 kr (0.59 €) |
-57.5 % |
| Eggs (regular) (12) |
821.68 kr (5.47 €) |
377.06 kr (2.51 €) |
-54.1 % |
| Local Cheese (1 lb) |
965.37 kr (6.43 €) |
659.86 kr (4.40 €) |
-31.6 % |
| Chicken Fillets (1 lb) |
1,232.99 kr (8.21 €) |
518.13 kr (3.45 €) |
-58.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (13.20 €) |
825.51 kr (5.50 €) |
-58.4 % |
| Apples (1 lb) |
212.21 kr (1.41 €) |
148.70 kr (0.99 €) |
-29.9 % |
| Banana (1 lb) |
134.26 kr (0.89 €) |
112.09 kr (0.75 €) |
-16.5 % |
| Oranges (1 lb) |
175.06 kr (1.17 €) |
114.92 kr (0.77 €) |
-34.4 % |
| Tomato (1 lb) |
309.60 kr (2.06 €) |
150.19 kr (1.00 €) |
-51.5 % |
| Potato (1 lb) |
196.68 kr (1.31 €) |
108.45 kr (0.72 €) |
-44.9 % |
| Onion (1 lb) |
140.44 kr (0.94 €) |
116.62 kr (0.78 €) |
-17.0 % |
| Lettuce (1 head) |
439.56 kr (2.93 €) |
165.72 kr (1.10 €) |
-62.3 % |
| Water (1.5 liter bottle) |
281.00 kr (1.87 €) |
91.74 kr (0.61 €) |
-67.4 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (18.32 €) |
750.54 kr (5.00 €) |
-72.7 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (2.89 €) |
156.41 kr (1.04 €) |
-64.0 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.37 €) |
232.40 kr (1.55 €) |
-34.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (10.99 €) |
806.83 kr (5.38 €) |
-51.1 % |
Transportation | Reykjavik Edit |
Valencia Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.80 €) |
225.16 kr (1.50 €) |
-60.5 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (61.96 €) |
4,503.21 kr (30.00 €) |
-51.6 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.86 €) |
330.24 kr (2.20 €) |
-54.8 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.47 €) |
285.06 kr (1.90 €) |
-45.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (64.15 €) |
3,209.29 kr (21.38 €) |
-66.7 % |
| Gasoline (1 gallon) |
1,194.08 kr (7.95 €) |
899.44 kr (5.99 €) |
-24.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (38,572.45 €) |
4,499,461.15 kr (29,975.00 €) |
-22.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,087,181.82 kr (40,552.25 €) |
4,449,604.14 kr (29,642.86 €) |
-26.9 % |
Utilities (Monthly) | Reykjavik Edit |
Valencia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,715.41 kr (78.05 €) |
19,052.98 kr (126.93 €) |
+62.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (21.68 €) |
2,235.97 kr (14.90 €) |
-31.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,515.62 kr (63.39 €) |
3,960.44 kr (26.38 €) |
-58.4 % |
Sports And Leisure | Reykjavik Edit |
Valencia Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (60.65 €) |
5,328.67 kr (35.50 €) |
-41.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (26.74 €) |
1,697.88 kr (11.31 €) |
-57.7 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (13.32 €) |
1,238.38 kr (8.25 €) |
-38.1 % |
Childcare | Reykjavik Edit |
Valencia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
35,073.00 kr (233.65 €) |
70,492.62 kr (469.62 €) |
+101.0 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (5,540.49 €) |
1,393,661.29 kr (9,284.44 €) |
+67.6 % |
Clothing And Shoes | Reykjavik Edit |
Valencia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,582.11 kr (97.14 €) |
11,925.18 kr (79.44 €) |
-18.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,077.50 kr (40.49 €) |
4,157.59 kr (27.70 €) |
-31.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,722.73 kr (131.39 €) |
12,116.98 kr (80.72 €) |
-38.6 % |
| 1 Pair of Men Leather Business Shoes |
25,310.62 kr (168.62 €) |
13,030.71 kr (86.81 €) |
-48.5 % |
Rent Per Month | Reykjavik Edit |
Valencia Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,725.95 €) |
146,197.82 kr (973.96 €) |
-43.6 % |
| Apartment (1 bedroom) Outside of Centre |
231,544.64 kr (1,542.53 €) |
109,518.16 kr (729.60 €) |
-52.7 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,504.65 €) |
240,291.42 kr (1,600.80 €) |
-36.1 % |
| Apartment (3 bedrooms) Outside of Centre |
334,346.15 kr (2,227.38 €) |
160,511.10 kr (1,069.31 €) |
-52.0 % |
Buy Apartment Price | Reykjavik Edit |
Valencia Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
82,240.62 kr (547.88 €) |
33,913.88 kr (225.93 €) |
-58.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,773.34 kr (431.51 €) |
21,580.62 kr (143.77 €) |
-66.7 % |
Salaries And Financing | Reykjavik Edit |
Valencia Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,420.09 €) |
296,108.78 kr (1,972.65 €) |
-42.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 2.91 | -64.3 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 163 | 209 |
Moving to Reykjavik? Explore:
Moving to Valencia? 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 Valencia: | Cost of Living in Sagunto | 18.24 miles |
| Cost of Living in Gandia | 43.01 miles |
| Cost of Living in Castello de la Plana | 47.22 miles |
| Cost of Living in Alicante | 106.60 miles |
| Cost of Living in Elche | 107.72 miles |
| Cost of Living in Albacete | 115.78 miles |
| Cost of Living in Cuenca | 123.95 miles |
| Cost of Living in Murcia | 143.25 miles |
| Cost of Living in Tarragona | 160.84 miles |
| Cost of Living in Manzanares | 186.82 miles |