Cost of Living Comparison Between Reykjavik and Valencia 
| Indices Difference |  |
|---|---|
| Consumer Prices in Valencia are 45.4% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in Valencia are 45.5% lower than in Reykjavik | |
| Rent Prices in Valencia are 45.8% lower than in Reykjavik | |
| Restaurant Prices in Valencia are 50.1% lower than in Reykjavik | |
| Groceries Prices in Valencia are 51.3% lower than in Reykjavik | |
| Local Purchasing Power in Valencia is 5.6% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Valencia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (19.59 €) |
1,916.44 kr (12.75 €) |
-34.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (113.10 €) |
6,763.92 kr (45.00 €) |
-60.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (15.63 €) |
1,503.09 kr (10.00 €) |
-36.0 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (9.98 €) |
450.93 kr (3.00 €) |
-69.9 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (8.32 €) |
375.77 kr (2.50 €) |
-69.9 % |
| Cappuccino (regular) |
711.15 kr (4.73 €) |
281.25 kr (1.87 €) |
-60.5 % |
| Coke/Pepsi (12 oz small bottle) |
399.48 kr (2.66 €) |
264.87 kr (1.76 €) |
-33.7 % |
| Water (12 oz small bottle) |
288.01 kr (1.92 €) |
209.51 kr (1.39 €) |
-27.3 % |
Markets | Reykjavik Edit |
Valencia Edit | |
| Milk (regular), (1 gallon) |
856.52 kr (5.70 €) |
585.40 kr (3.89 €) |
-31.7 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.09 €) |
144.16 kr (0.96 €) |
-69.0 % |
| Rice (white), (1 lb) |
207.81 kr (1.38 €) |
90.42 kr (0.60 €) |
-56.5 % |
| Eggs (regular) (12) |
821.68 kr (5.47 €) |
381.38 kr (2.54 €) |
-53.6 % |
| Local Cheese (1 lb) |
965.37 kr (6.42 €) |
660.75 kr (4.40 €) |
-31.6 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (8.20 €) |
511.30 kr (3.40 €) |
-58.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (13.19 €) |
826.63 kr (5.50 €) |
-58.3 % |
| Apples (1 lb) |
212.21 kr (1.41 €) |
151.11 kr (1.01 €) |
-28.8 % |
| Banana (1 lb) |
134.68 kr (0.90 €) |
112.78 kr (0.75 €) |
-16.3 % |
| Oranges (1 lb) |
175.06 kr (1.16 €) |
112.97 kr (0.75 €) |
-35.5 % |
| Tomato (1 lb) |
309.60 kr (2.06 €) |
143.94 kr (0.96 €) |
-53.5 % |
| Potato (1 lb) |
196.68 kr (1.31 €) |
108.60 kr (0.72 €) |
-44.8 % |
| Onion (1 lb) |
140.44 kr (0.93 €) |
114.08 kr (0.76 €) |
-18.8 % |
| Lettuce (1 head) |
439.56 kr (2.92 €) |
174.31 kr (1.16 €) |
-60.3 % |
| Water (1.5 liter bottle) |
281.00 kr (1.87 €) |
94.23 kr (0.63 €) |
-66.5 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (18.29 €) |
751.55 kr (5.00 €) |
-72.7 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (2.89 €) |
156.96 kr (1.04 €) |
-63.8 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.37 €) |
232.71 kr (1.55 €) |
-34.6 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (10.98 €) |
811.67 kr (5.40 €) |
-50.8 % |
Transportation | Reykjavik Edit |
Valencia Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (3.79 €) |
225.46 kr (1.50 €) |
-60.4 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (61.87 €) |
4,509.28 kr (30.00 €) |
-51.5 % |
| Taxi Start (Normal Tariff) |
730.00 kr (4.86 €) |
338.20 kr (2.25 €) |
-53.7 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (3.36 €) |
285.44 kr (1.90 €) |
-43.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (64.07 €) |
3,213.61 kr (21.38 €) |
-66.6 % |
| Gasoline (1 gallon) |
1,194.08 kr (7.94 €) |
900.65 kr (5.99 €) |
-24.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (38,520.58 €) |
4,505,520.38 kr (29,975.00 €) |
-22.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 kr (40,123.94 €) |
4,455,596.23 kr (29,642.86 €) |
-26.1 % |
Utilities (Monthly) | Reykjavik Edit |
Valencia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,713.58 kr (77.93 €) |
18,902.65 kr (125.76 €) |
+61.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (21.65 €) |
2,209.55 kr (14.70 €) |
-32.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,519.83 kr (63.33 €) |
3,965.77 kr (26.38 €) |
-58.3 % |
Sports And Leisure | Reykjavik Edit |
Valencia Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (60.57 €) |
5,335.84 kr (35.50 €) |
-41.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (26.71 €) |
1,700.16 kr (11.31 €) |
-57.6 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (13.31 €) |
1,277.63 kr (8.50 €) |
-36.1 % |
Childcare | Reykjavik Edit |
Valencia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 kr (222.25 €) |
70,587.55 kr (469.62 €) |
+111.3 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (5,533.04 €) |
1,395,538.07 kr (9,284.44 €) |
+67.8 % |
Clothing And Shoes | Reykjavik Edit |
Valencia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,445.76 kr (96.11 €) |
11,941.24 kr (79.44 €) |
-17.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 kr (40.22 €) |
4,097.51 kr (27.26 €) |
-32.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 kr (130.81 €) |
12,133.30 kr (80.72 €) |
-38.3 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 kr (161.49 €) |
13,441.94 kr (89.43 €) |
-44.6 % |
Rent Per Month | Reykjavik Edit |
Valencia Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,723.63 €) |
145,211.28 kr (966.08 €) |
-44.0 % |
| Apartment (1 bedroom) Outside of Centre |
231,556.05 kr (1,540.53 €) |
107,667.18 kr (716.30 €) |
-53.5 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,501.28 €) |
240,606.43 kr (1,600.74 €) |
-36.0 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 kr (2,223.62 €) |
157,880.40 kr (1,050.37 €) |
-52.8 % |
Buy Apartment Price | Reykjavik Edit |
Valencia Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,846.89 kr (544.52 €) |
33,529.89 kr (223.07 €) |
-59.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,681.33 kr (430.32 €) |
21,329.84 kr (141.91 €) |
-67.0 % |
Salaries And Financing | Reykjavik Edit |
Valencia Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,415.49 €) |
295,302.19 kr (1,964.63 €) |
-42.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 2.91 | -64.3 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 162 | 199 |
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 |