Cost of Living Comparison Between Oulu and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 44.12% higher than in Oulu (without rent)
Consumer Prices Including Rent in Reykjavik are 59.47% higher than in Oulu
Rent Prices in Reykjavik are 116.29% higher than in Oulu
Restaurant Prices in Reykjavik are 61.05% higher than in Oulu
Groceries Prices in Reykjavik are 44.49% higher than in Oulu
Local Purchasing Power in Reykjavik is 15.95% lower than in Oulu
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Oulu Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 12.00 €
(1,664.29 kr)
18.03 €
(2,500.00 kr)
     +50.21 %
Meal for 2 People, Mid-range Restaurant, Three-course 55.00 €
(7,628.02 kr)
100.94 €
(14,000.00 kr)
     +83.53 %
McMeal at McDonalds (or Equivalent Combo Meal) 7.50 €
(1,040.18 kr)
14.06 €
(1,950.00 kr)
     +87.47 %
Domestic Beer (1 pint draught) 5.50 €
(762.80 kr)
8.65 €
(1,200.00 kr)
     +57.31 %
Imported Beer (12 oz small bottle) 6.00 €
(832.15 kr)
7.93 €
(1,100.00 kr)
     +32.19 %
Cappuccino (regular) 3.25 €
(450.75 kr)
4.54 €
(629.38 kr)
     +39.63 %
Coke/Pepsi (12 oz small bottle) 2.08 €
(288.48 kr)
2.37 €
(328.28 kr)
     +13.80 %
Water (12 oz small bottle) 1.55 €
(214.97 kr)
1.97 €
(273.41 kr)
     +27.18 %
Markets
Oulu Edit Reykjavik Edit
Milk (regular), (1 gallon) 3.56 €
(493.50 kr)
5.58 €
(774.02 kr)
     +56.84 %
Loaf of Fresh White Bread (1 lb) 1.68 €
(232.57 kr)
2.68 €
(372.13 kr)
     +60.01 %
Rice (white), (1 lb) 1.22 €
(169.07 kr)
1.48 €
(205.89 kr)
     +21.78 %
Eggs (regular) (12) 1.90 €
(262.92 kr)
5.47 €
(759.01 kr)
     +188.69 %
Local Cheese (1 lb) 3.58 €
(496.88 kr)
6.19 €
(858.84 kr)
     +72.85 %
Chicken Fillets (1 lb) 4.62 €
(640.35 kr)
7.57 €
(1,050.56 kr)
     +64.06 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.05 €
(1,116.89 kr)
11.25 €
(1,560.66 kr)
     +39.73 %
Apples (1 lb) 1.47 €
(204.35 kr)
1.48 €
(204.65 kr)
     +0.14 %
Banana (1 lb) 0.74 €
(102.27 kr)
0.96 €
(133.18 kr)
     +30.22 %
Oranges (1 lb) 1.16 €
(160.69 kr)
1.03 €
(143.38 kr)
     -10.77 %
Tomato (1 lb) 1.91 €
(264.85 kr)
2.00 €
(277.04 kr)
     +4.60 %
Potato (1 lb) 0.40 €
(55.20 kr)
1.15 €
(160.04 kr)
     +189.92 %
Onion (1 lb) 0.82 €
(113.87 kr)
0.62 €
(86.14 kr)
     -24.35 %
Lettuce (1 head) 1.51 €
(209.82 kr)
2.61 €
(362.36 kr)
     +72.70 %
Water (1.5 liter bottle) 1.37 €
(189.67 kr)
2.02 €
(279.90 kr)
     +47.58 %
Bottle of Wine (Mid-Range) 10.00 €
(1,386.91 kr)
20.91 €
(2,900.00 kr)
     +109.10 %
Domestic Beer (0.5 liter bottle) 2.72 €
(377.26 kr)
2.96 €
(409.92 kr)
     +8.66 %
Imported Beer (12 oz small bottle) 3.70 €
(512.88 kr)
2.70 €
(374.46 kr)
     -26.99 %
Cigarettes 20 Pack (Marlboro) 8.00 €
(1,109.53 kr)
12.04 €
(1,669.50 kr)
     +50.47 %
Transportation
Oulu Edit Reykjavik Edit
One-way Ticket (Local Transport) 3.30 €
(457.68 kr)
3.53 €
(490.00 kr)
     +7.06 %
Monthly Pass (Regular Price) 52.50 €
(7,281.29 kr)
57.68 €
(8,000.00 kr)
     +9.87 %
Taxi Start (Normal Tariff) 5.90 €
(818.28 kr)
5.26 €
(730.00 kr)
     -10.79 %
Taxi 1 mile (Normal Tariff) 2.57 €
(357.12 kr)
4.07 €
(564.88 kr)
     +58.18 %
Taxi 1hour Waiting (Normal Tariff) 44.40 €
(6,157.89 kr)
57.11 €
(7,920.00 kr)
     +28.62 %
Gasoline (1 gallon) 8.41 €
(1,166.03 kr)
7.33 €
(1,017.01 kr)
     -12.78 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,000.00 €
(3,467,279.68 kr)
32,446.19 €
(4,500,000.00 kr)
     +29.78 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,467.40 €
(3,532,103.94 kr)
39,454.56 €
(5,472,000.00 kr)
     +54.92 %
Utilities (Monthly)
Oulu Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 91.32 €
(12,665.14 kr)
101.44 €
(14,068.32 kr)
     +11.08 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.06 €
(8.36 kr)
0.12 €
(17.32 kr)
     +107.18 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 22.99 €
(3,188.16 kr)
67.97 €
(9,427.42 kr)
     +195.70 %
Sports And Leisure
Oulu Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 29.83 €
(4,137.39 kr)
71.11 €
(9,862.23 kr)
     +138.37 %
Tennis Court Rent (1 Hour on Weekend) 17.67 €
(2,450.21 kr)
33.80 €
(4,687.50 kr)
     +91.31 %
Cinema, International Release, 1 Seat 15.00 €
(2,080.37 kr)
13.16 €
(1,825.00 kr)
     -12.28 %
Childcare
Oulu Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 483.33 €
(67,034.07 kr)
350.21 €
(48,571.43 kr)
     -27.54 %
International Primary School, Yearly for 1 Child 12,200.00 €
(1,692,032.49 kr)
6,669.49 €
(925,000.00 kr)
     -45.33 %
Clothing And Shoes
Oulu Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 84.00 €
(11,650.06 kr)
108.97 €
(15,113.57 kr)
     +29.73 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 29.00 €
(4,022.04 kr)
44.46 €
(6,166.67 kr)
     +53.32 %
1 Pair of Nike Running Shoes (Mid-Range) 71.67 €
(9,939.54 kr)
138.12 €
(19,156.67 kr)
     +92.73 %
1 Pair of Men Leather Business Shoes 113.57 €
(15,751.36 kr)
194.98 €
(27,041.67 kr)
     +71.68 %
Rent Per Month
Oulu Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 700.00 €
(97,083.83 kr)
1,498.38 €
(207,812.50 kr)
     +114.05 %
Apartment (1 bedroom) Outside of Centre 575.00 €
(79,747.43 kr)
1,257.29 €
(174,375.00 kr)
     +118.66 %
Apartment (3 bedrooms) in City Centre 991.67 €
(137,535.43 kr)
2,118.01 €
(293,750.00 kr)
     +113.58 %
Apartment (3 bedrooms) Outside of Centre 787.14 €
(109,169.78 kr)
1,769.29 €
(245,384.62 kr)
     +124.77 %
Buy Apartment Price
Oulu Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 336.77 €
(46,707.13 kr)
586.63 €
(81,360.95 kr)
     +74.19 %
Price per Square Feet to Buy Apartment Outside of Centre 209.03 €
(28,990.63 kr)
432.74 €
(60,016.95 kr)
     +107.02 %
Salaries And Financing
Oulu Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 2,630.12 €
(364,775.16 kr)
3,525.12 €
(488,903.74 kr)
     +34.03 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.17 5.17      +342.86 %
Last update: April 2022May 2022
Contributors in the past 12 months:33110