Cost of Living Comparison Between Reykjavik and Alicante 

Indices DifferenceInfo
Consumer Prices in Alicante are 45.5% lower than in Reykjavik (without rent)
Consumer Prices Including Rent in Alicante are 48.6% lower than in Reykjavik
Rent Prices in Alicante are 55.2% lower than in Reykjavik
Restaurant Prices in Alicante are 50.0% lower than in Reykjavik
Groceries Prices in Alicante are 53.5% lower than in Reykjavik
Local Purchasing Power in Alicante is 18.1% lower than in Reykjavik
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Reykjavik Edit Alicante Edit Difference
Meal, Inexpensive Restaurant 19.60 €
(2,945.00 kr)
13.00 €
(1,953.78 kr)
     -33.7 %
Meal for 2 People, Mid-range Restaurant, Three-course 113.11 €
(17,000.00 kr)
45.00 €
(6,763.09 kr)
     -60.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 15.64 €
(2,350.00 kr)
8.35 €
(1,254.93 kr)
     -46.6 %
Domestic Beer (1 pint draught) 9.98 €
(1,500.00 kr)
3.00 €
(450.87 kr)
     -69.9 %
Imported Beer (12 oz small bottle) 8.32 €
(1,250.00 kr)
3.50 €
(526.02 kr)
     -57.9 %
Cappuccino (regular) 4.73 €
(711.21 kr)
1.90 €
(285.55 kr)
     -59.8 %
Coke/Pepsi (12 oz small bottle) 2.66 €
(399.56 kr)
1.76 €
(264.53 kr)
     -33.8 %
Water (12 oz small bottle) 1.92 €
(288.04 kr)
1.56 €
(234.83 kr)
     -18.5 %
Markets
Reykjavik Edit Alicante Edit
Milk (regular), (1 gallon) 5.70 €
(856.52 kr)
4.10 €
(615.92 kr)
     -28.1 %
Loaf of Fresh White Bread (1 lb) 3.09 €
(464.58 kr)
1.10 €
(165.73 kr)
     -64.3 %
Rice (white), (1 lb) 1.38 €
(207.81 kr)
0.57 €
(84.99 kr)
     -59.1 %
Eggs (regular) (12) 5.47 €
(821.68 kr)
2.44 €
(366.57 kr)
     -55.4 %
Local Cheese (1 lb) 6.42 €
(965.37 kr)
4.44 €
(667.22 kr)
     -30.9 %
Chicken Fillets (1 lb) 8.20 €
(1,233.09 kr)
3.09 €
(464.33 kr)
     -62.3 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 13.19 €
(1,982.11 kr)
5.76 €
(865.77 kr)
     -56.3 %
Apples (1 lb) 1.41 €
(212.21 kr)
0.82 €
(123.77 kr)
     -41.7 %
Banana (1 lb) 0.90 €
(134.69 kr)
0.73 €
(109.23 kr)
     -18.9 %
Oranges (1 lb) 1.16 €
(175.06 kr)
0.58 €
(87.49 kr)
     -50.0 %
Tomato (1 lb) 2.06 €
(309.60 kr)
0.98 €
(147.59 kr)
     -52.3 %
Potato (1 lb) 1.31 €
(196.68 kr)
0.67 €
(100.89 kr)
     -48.7 %
Onion (1 lb) 0.93 €
(140.44 kr)
0.44 €
(66.81 kr)
     -52.4 %
Lettuce (1 head) 2.92 €
(439.56 kr)
0.96 €
(143.72 kr)
     -67.3 %
Water (1.5 liter bottle) 1.87 €
(281.00 kr)
0.64 €
(96.87 kr)
     -65.5 %
Bottle of Wine (Mid-Range) 18.29 €
(2,749.50 kr)
4.13 €
(621.45 kr)
     -77.4 %
Domestic Beer (0.5 liter bottle) 2.89 €
(434.15 kr)
0.93 €
(139.42 kr)
     -67.9 %
Imported Beer (12 oz small bottle) 2.37 €
(355.89 kr)
1.53 €
(230.37 kr)
     -35.3 %
Cigarettes 20 Pack (Marlboro) 10.98 €
(1,650.00 kr)
5.15 €
(774.00 kr)
     -53.1 %
Transportation
Reykjavik Edit Alicante Edit
One-way Ticket (Local Transport) 3.79 €
(570.00 kr)
1.48 €
(223.18 kr)
     -60.8 %
Monthly Pass (Regular Price) 61.88 €
(9,300.00 kr)
27.50 €
(4,133.00 kr)
     -55.6 %
Taxi Start (Normal Tariff) 4.86 €
(730.00 kr)
1.98 €
(296.82 kr)
     -59.3 %
Taxi 1 mile (Normal Tariff) 3.36 €
(504.53 kr)
1.93 €
(290.24 kr)
     -42.5 %
Taxi 1hour Waiting (Normal Tariff) 64.08 €
(9,630.00 kr)
15.00 €
(2,254.36 kr)
     -76.6 %
Gasoline (1 gallon) 7.95 €
(1,194.08 kr)
6.17 €
(927.01 kr)
     -22.4 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 38,525.31 €
(5,790,000.00 kr)
33,365.00 €
(5,014,452.27 kr)
     -13.4 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 40,128.87 €
(6,031,000.00 kr)
25,000.00 €
(3,757,269.80 kr)
     -37.7 %
Utilities (Monthly)
Reykjavik Edit Alicante Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 77.95 €
(11,715.58 kr)
138.44 €
(20,805.78 kr)
     +77.6 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 21.66 €
(3,254.67 kr)
18.64 €
(2,800.87 kr)
     -13.9 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 63.36 €
(9,522.15 kr)
31.62 €
(4,751.50 kr)
     -50.1 %
Sports And Leisure
Reykjavik Edit Alicante Edit
Fitness Club, Monthly Fee for 1 Adult 60.57 €
(9,103.59 kr)
44.33 €
(6,662.89 kr)
     -26.8 %
Tennis Court Rent (1 Hour on Weekend) 26.71 €
(4,014.29 kr)
12.25 €
(1,841.06 kr)
     -54.1 %
Cinema, International Release, 1 Seat 13.31 €
(2,000.00 kr)
7.97 €
(1,198.57 kr)
     -40.1 %
Childcare
Reykjavik Edit Alicante Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 222.28 €
(33,406.33 kr)
616.67 €
(92,679.32 kr)
     +177.4 %
International Primary School, Yearly for 1 Child 5,533.72 €
(831,666.67 kr)
9,392.25 €
(1,411,568.69 kr)
     +69.7 %
Clothing And Shoes
Reykjavik Edit Alicante Edit
1 Pair of Jeans (Levis 501 Or Similar) 96.12 €
(14,445.76 kr)
65.71 €
(9,876.25 kr)
     -31.6 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 40.22 €
(6,045.00 kr)
28.00 €
(4,208.14 kr)
     -30.4 %
1 Pair of Nike Running Shoes (Mid-Range) 130.83 €
(19,661.90 kr)
72.86 €
(10,949.76 kr)
     -44.3 %
1 Pair of Men Leather Business Shoes 161.51 €
(24,273.12 kr)
92.14 €
(13,848.22 kr)
     -42.9 %
Rent Per Month
Reykjavik Edit Alicante Edit
Apartment (1 bedroom) in City Centre 1,723.84 €
(259,077.12 kr)
858.33 €
(128,999.60 kr)
     -50.2 %
Apartment (1 bedroom) Outside of Centre 1,540.71 €
(231,555.24 kr)
586.11 €
(88,087.10 kr)
     -62.0 %
Apartment (3 bedrooms) in City Centre 2,501.59 €
(375,965.52 kr)
1,323.32 €
(198,882.48 kr)
     -47.1 %
Apartment (3 bedrooms) Outside of Centre 2,223.89 €
(334,230.77 kr)
808.93 €
(121,575.26 kr)
     -63.6 %
Buy Apartment Price
Reykjavik Edit Alicante Edit
Price per Square Feet to Buy Apartment in City Centre 544.59 €
(81,846.89 kr)
251.86 €
(37,851.95 kr)
     -53.8 %
Price per Square Feet to Buy Apartment Outside of Centre 430.37 €
(64,681.33 kr)
146.32 €
(21,990.71 kr)
     -66.0 %
Salaries And Financing
Reykjavik Edit Alicante Edit
Average Monthly Net Salary (After Tax) 3,415.91 €
(513,380.43 kr)
1,437.31 €
(216,014.11 kr)
     -57.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.14 3.58      -56.0 %
Last update: April 2024April 2024
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