Cost of Living Comparison Between Reykjavik and Addis Ababa 
| Indices Difference |  |
|---|---|
| Consumer Prices in Addis Ababa are 43.4% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in Addis Ababa are 49.9% lower than in Reykjavik | |
| Rent Prices in Addis Ababa are 64.0% lower than in Reykjavik | |
| Restaurant Prices in Addis Ababa are 75.1% lower than in Reykjavik | |
| Groceries Prices in Addis Ababa are 43.8% lower than in Reykjavik | |
| Local Purchasing Power in Addis Ababa is 89.0% lower than in Reykjavik | |
Restaurants | Reykjavik Edit |
Addis Ababa Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (21.03 $) |
918.89 kr (6.56 $) |
-68.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (121.42 $) |
3,430.24 kr (24.50 $) |
-79.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (16.78 $) |
873.00 kr (6.24 $) |
-62.9 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.71 $) |
140.01 kr (1.00 $) |
-90.7 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (8.93 $) |
238.02 kr (1.70 $) |
-81.0 % |
| Cappuccino (regular) |
711.21 kr (5.08 $) |
146.63 kr (1.05 $) |
-79.4 % |
| Coke/Pepsi (12 oz small bottle) |
399.56 kr (2.85 $) |
111.42 kr (0.80 $) |
-72.1 % |
| Water (12 oz small bottle) |
288.04 kr (2.06 $) |
69.19 kr (0.49 $) |
-76.0 % |
Markets | Reykjavik Edit |
Addis Ababa Edit | |
| Milk (regular), (1 gallon) |
856.52 kr (6.12 $) |
783.82 kr (5.60 $) |
-8.5 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.32 $) |
134.16 kr (0.96 $) |
-71.1 % |
| Rice (white), (1 lb) |
207.81 kr (1.48 $) |
138.70 kr (0.99 $) |
-33.3 % |
| Eggs (regular) (12) |
821.68 kr (5.87 $) |
356.98 kr (2.55 $) |
-56.6 % |
| Local Cheese (1 lb) |
965.37 kr (6.90 $) |
642.60 kr (4.59 $) |
-33.4 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (8.81 $) |
906.01 kr (6.47 $) |
-26.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (14.16 $) |
949.81 kr (6.78 $) |
-52.1 % |
| Apples (1 lb) |
212.21 kr (1.52 $) |
398.39 kr (2.85 $) |
+87.7 % |
| Banana (1 lb) |
134.69 kr (0.96 $) |
67.58 kr (0.48 $) |
-49.8 % |
| Oranges (1 lb) |
175.06 kr (1.25 $) |
150.83 kr (1.08 $) |
-13.8 % |
| Tomato (1 lb) |
309.60 kr (2.21 $) |
52.22 kr (0.37 $) |
-83.1 % |
| Potato (1 lb) |
196.68 kr (1.40 $) |
38.51 kr (0.28 $) |
-80.4 % |
| Onion (1 lb) |
140.44 kr (1.00 $) |
99.03 kr (0.71 $) |
-29.5 % |
| Lettuce (1 head) |
439.56 kr (3.14 $) |
59.50 kr (0.42 $) |
-86.5 % |
| Water (1.5 liter bottle) |
281.00 kr (2.01 $) |
72.05 kr (0.51 $) |
-74.4 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (19.64 $) |
1,141.08 kr (8.15 $) |
-58.5 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (3.10 $) |
133.28 kr (0.95 $) |
-69.3 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.54 $) |
253.77 kr (1.81 $) |
-28.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (11.78 $) |
560.04 kr (4.00 $) |
-66.1 % |
Transportation | Reykjavik Edit |
Addis Ababa Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (4.07 $) |
59.50 kr (0.42 $) |
-89.6 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (66.42 $) |
1,400.10 kr (10.00 $) |
-84.9 % |
| Taxi Start (Normal Tariff) |
730.00 kr (5.21 $) |
186.21 kr (1.33 $) |
-74.5 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (3.60 $) |
67.60 kr (0.48 $) |
-86.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (68.78 $) |
280.02 kr (2.00 $) |
-97.1 % |
| Gasoline (1 gallon) |
1,194.08 kr (8.53 $) |
639.26 kr (4.57 $) |
-46.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (41,354.19 $) |
3,570,255.00 kr (25,500.00 $) |
-38.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 kr (43,075.49 $) |
7,286,995.46 kr (52,046.25 $) |
+20.8 % |
Utilities (Monthly) | Reykjavik Edit |
Addis Ababa Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,715.58 kr (83.68 $) |
22,856.63 kr (163.25 $) |
+95.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (23.25 $) |
1,732.62 kr (12.38 $) |
-46.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,522.15 kr (68.01 $) |
21,345.88 kr (152.46 $) |
+124.2 % |
Sports And Leisure | Reykjavik Edit |
Addis Ababa Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (65.02 $) |
11,459.82 kr (81.85 $) |
+25.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (28.67 $) |
4,433.65 kr (31.67 $) |
+10.4 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (14.28 $) |
770.06 kr (5.50 $) |
-61.5 % |
Childcare | Reykjavik Edit |
Addis Ababa Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 kr (238.60 $) |
11,654.59 kr (83.24 $) |
-65.1 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (5,940.05 $) |
6,148,772.50 kr (43,916.67 $) |
+639.3 % |
Clothing And Shoes | Reykjavik Edit |
Addis Ababa Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,445.76 kr (103.18 $) |
5,652.90 kr (40.38 $) |
-60.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 kr (43.18 $) |
10,040.47 kr (71.71 $) |
+66.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 kr (140.43 $) |
12,943.15 kr (92.44 $) |
-34.2 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 kr (173.37 $) |
14,788.56 kr (105.62 $) |
-39.1 % |
Rent Per Month | Reykjavik Edit |
Addis Ababa Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,850.42 $) |
81,415.82 kr (581.50 $) |
-68.6 % |
| Apartment (1 bedroom) Outside of Centre |
231,555.24 kr (1,653.85 $) |
44,243.16 kr (316.00 $) |
-80.9 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,685.28 $) |
204,577.95 kr (1,461.17 $) |
-45.6 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 kr (2,387.19 $) |
102,143.66 kr (729.55 $) |
-69.4 % |
Buy Apartment Price | Reykjavik Edit |
Addis Ababa Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,846.89 kr (584.58 $) |
28,808.16 kr (205.76 $) |
-64.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,681.33 kr (461.98 $) |
20,625.78 kr (147.32 $) |
-68.1 % |
Salaries And Financing | Reykjavik Edit |
Addis Ababa Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,666.74 $) |
28,250.91 kr (201.78 $) |
-94.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 16.00 | +96.5 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 162 | 49 |
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