Cost of Living Comparison Between Reykjavik and Minneapolis, MN 
| Indices Difference |  |
|---|---|
| Consumer Prices in Minneapolis, MN are 13.5% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in Minneapolis, MN are 13.7% lower than in Reykjavik | |
| Rent Prices in Minneapolis, MN are 14.4% lower than in Reykjavik | |
| Restaurant Prices in Minneapolis, MN are 21.5% lower than in Reykjavik | |
| Groceries Prices in Minneapolis, MN are 11.4% lower than in Reykjavik | |
| Local Purchasing Power in Minneapolis, MN is 41.9% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Minneapolis, MN Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (21.03 $) |
2,800.20 kr (20.00 $) |
-4.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (121.42 $) |
10,850.77 kr (77.50 $) |
-36.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (16.78 $) |
1,400.10 kr (10.00 $) |
-40.4 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.71 $) |
980.07 kr (7.00 $) |
-34.7 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (8.93 $) |
980.07 kr (7.00 $) |
-21.6 % |
| Cappuccino (regular) |
711.21 kr (5.08 $) |
795.40 kr (5.68 $) |
+11.8 % |
| Coke/Pepsi (12 oz small bottle) |
399.56 kr (2.85 $) |
402.27 kr (2.87 $) |
+0.7 % |
| Water (12 oz small bottle) |
288.04 kr (2.06 $) |
298.69 kr (2.13 $) |
+3.7 % |
Markets | Reykjavik Edit |
Minneapolis, MN Edit | |
| Milk (regular), (1 gallon) |
856.52 kr (6.12 $) |
517.71 kr (3.70 $) |
-39.6 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.32 $) |
510.41 kr (3.65 $) |
+9.9 % |
| Rice (white), (1 lb) |
207.81 kr (1.48 $) |
313.63 kr (2.24 $) |
+50.9 % |
| Eggs (regular) (12) |
821.68 kr (5.87 $) |
507.30 kr (3.62 $) |
-38.3 % |
| Local Cheese (1 lb) |
965.37 kr (6.90 $) |
746.47 kr (5.33 $) |
-22.7 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (8.81 $) |
896.47 kr (6.40 $) |
-27.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (14.16 $) |
1,061.12 kr (7.58 $) |
-46.5 % |
| Apples (1 lb) |
212.21 kr (1.52 $) |
377.44 kr (2.70 $) |
+77.9 % |
| Banana (1 lb) |
134.69 kr (0.96 $) |
127.09 kr (0.91 $) |
-5.6 % |
| Oranges (1 lb) |
175.06 kr (1.25 $) |
303.79 kr (2.17 $) |
+73.5 % |
| Tomato (1 lb) |
309.60 kr (2.21 $) |
403.85 kr (2.88 $) |
+30.4 % |
| Potato (1 lb) |
196.68 kr (1.40 $) |
200.47 kr (1.43 $) |
+1.9 % |
| Onion (1 lb) |
140.44 kr (1.00 $) |
230.32 kr (1.65 $) |
+64.0 % |
| Lettuce (1 head) |
439.56 kr (3.14 $) |
318.87 kr (2.28 $) |
-27.5 % |
| Water (1.5 liter bottle) |
281.00 kr (2.01 $) |
267.07 kr (1.91 $) |
-5.0 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (19.64 $) |
2,100.15 kr (15.00 $) |
-23.6 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (3.10 $) |
298.65 kr (2.13 $) |
-31.2 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.54 $) |
547.91 kr (3.91 $) |
+54.0 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (11.78 $) |
1,400.10 kr (10.00 $) |
-15.1 % |
Transportation | Reykjavik Edit |
Minneapolis, MN Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (4.07 $) |
350.02 kr (2.50 $) |
-38.6 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (66.42 $) |
12,600.90 kr (90.00 $) |
+35.5 % |
| Taxi Start (Normal Tariff) |
730.00 kr (5.21 $) |
700.05 kr (5.00 $) |
-4.1 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (3.60 $) |
245.02 kr (1.75 $) |
-51.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (68.78 $) |
5,180.37 kr (37.00 $) |
-46.2 % |
| Gasoline (1 gallon) |
1,194.08 kr (8.53 $) |
482.78 kr (3.45 $) |
-59.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (41,354.19 $) |
4,612,769.46 kr (32,946.00 $) |
-20.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 kr (43,075.49 $) |
3,629,964.68 kr (25,926.47 $) |
-39.8 % |
Utilities (Monthly) | Reykjavik Edit |
Minneapolis, MN Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,715.58 kr (83.68 $) |
23,572.34 kr (168.36 $) |
+101.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (23.25 $) |
7,151.28 kr (51.08 $) |
+119.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,522.15 kr (68.01 $) |
9,144.79 kr (65.32 $) |
-4.0 % |
Sports And Leisure | Reykjavik Edit |
Minneapolis, MN Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (65.02 $) |
4,200.30 kr (30.00 $) |
-53.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (28.67 $) |
3,733.60 kr (26.67 $) |
-7.0 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (14.28 $) |
2,030.14 kr (14.50 $) |
+1.5 % |
Childcare | Reykjavik Edit |
Minneapolis, MN Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 kr (238.60 $) |
203,014.50 kr (1,450.00 $) |
+507.7 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (5,940.05 $) |
3,417,177.40 kr (24,406.67 $) |
+310.9 % |
Clothing And Shoes | Reykjavik Edit |
Minneapolis, MN Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,445.76 kr (103.18 $) |
8,481.63 kr (60.58 $) |
-41.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 kr (43.18 $) |
6,299.98 kr (45.00 $) |
+4.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 kr (140.43 $) |
12,740.91 kr (91.00 $) |
-35.2 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 kr (173.37 $) |
16,976.21 kr (121.25 $) |
-30.1 % |
Rent Per Month | Reykjavik Edit |
Minneapolis, MN Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,850.42 $) |
228,163.80 kr (1,629.62 $) |
-11.9 % |
| Apartment (1 bedroom) Outside of Centre |
231,555.24 kr (1,653.85 $) |
167,688.90 kr (1,197.69 $) |
-27.6 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,685.28 $) |
372,108.40 kr (2,657.73 $) |
-1.0 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 kr (2,387.19 $) |
260,263.03 kr (1,858.89 $) |
-22.1 % |
Buy Apartment Price | Reykjavik Edit |
Minneapolis, MN Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,846.89 kr (584.58 $) |
42,575.75 kr (304.09 $) |
-48.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,681.33 kr (461.98 $) |
32,727.40 kr (233.75 $) |
-49.4 % |
Salaries And Financing | Reykjavik Edit |
Minneapolis, MN Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,666.74 $) |
628,133.65 kr (4,486.35 $) |
+22.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 6.54 | -19.7 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 162 | 98 |
Moving to Reykjavik? Explore:
Moving to Minneapolis, MN? 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 Minneapolis, MN: | Cost of Living in Saint Paul, Minnesota | 8.84 miles |
| Cost of Living in Neillsville, Wisconsin | 146.10 miles |
| Cost of Living in Duluth, Minnesota | 154.36 miles |
| Cost of Living in Watertown, South Dakota | 203.67 miles |
| Cost of Living in Stevens Point, Wisconsin | 204.53 miles |
| Cost of Living in Oelwein, Iowa | 233.60 miles |
| Cost of Living in Des Moines, Iowa | 243.50 miles |