Baku vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Baku Reykjavik
🚶 Cost of living one person
$856
$3205
👨‍👩‍👧‍👦 Cost of living Family
$2114
$6762
🏠 One person rent
$378
$1954
🏘️ Family rent
$649
$2956
🍽️ Food expenses
$311
$904
🚐 Transport expenses
$67.8
$100
💳 Monthly salary after tax
$567
$4423
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
19 km
4 km
🎓 Higher education
50
53
😀 Quality of life
62
88
🏙️ Population
2.3M
139K

The cost of living in Baku is 73% less expensive than in Reykjavik. Cities ranked 6524th and 119th ($856 vs $3205) in the list of the most expensive cities in the world and ranked 1st and 1st in Azerbaijan and Iceland, respectively. Check Azerbaijan vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Baku compared to 1.4 months in Reykjavik. Baku ranked 1st best city to live in Azerbaijan vs Reykjavik ranked 1st in Iceland, while ranked 5591st and 258th among best cities to live in the world.

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Prices in Baku vs Reykjavik

Prices for goods and services in Baku and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Baku Reykjavik
Eating Out
🍱 Lunch Menu
$8.84
$28.3
🥂 Dinner in a Restaurant, for 2
$38.5
$97.9
🥪 Fast food meal, equiv. McDonald's
$8.32
$20
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.74
$13.4
☕ Cappuccino
$3.49
$6.5
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1
$3.26
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$480
$2129
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$283
$1743
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$859
$3328
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$502
$2660
🔌 Utility Bill one person, electricity, heating, water, etc.
$39.5
$52.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$60.2
$80.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$15.6
$82
🏦 Mortgage Interest Rate for 20 Years
8.8%
8.69%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2243
$7748
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1286
$6175
Transportation
🚌 Local transport ticket
$0.35
$5.38
🎟️ Monthly ticket local transport
$21.4
$90.3
🚕 Taxi Ride, 8 km or 5 mi
$6.59
$28.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.69
$2.12
Groceries
🥛 Milk, 1 L or 1 qt
$1.56
$2.04
🍞 Bread, 0.5 kg or 1.1 lb
$0.51
$4.21
🍚 Rice, 1 kg or 2.2 lb
$2.56
$3.46
🥚 Eggs, x12
$1.79
$6.99
🧀 Cheese, 1 kg or 2.2 lb
$4.96
$20.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$5.11
$24.8
🥩 Round Steak, 1 kg or 2.2 lb
$11.6
$44.1
🍏 Apples, 1 kg or 2.2 lb
$1.3
$3.41
🍌 Banana, 1 kg or 2.2 lb
$1.84
$2.66
🍊 Oranges, 1 kg or 2.2 lb
$1.55
$3.17
🍅 Tomato, 1 kg or 2.2 lb
$1.77
$5.99
🥔 Potato, 1 kg or 2.2 lb
$0.83
$3.65
🧅 Onion, 1 kg or 2.2 lb
$0.6
$1.89
🌊 Water, 1 L or 1 qt
$0.48
$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.17
$3
🍾 Wine (mid-priced), 750 mL bottle
$8.87
$23.2
🍺 Beer, 0.5 L or 16 fl oz
$1.48
$3.72
🚬 Cigarette pack
$3.37
$13.5
💊 Cold medicince, 1 week
$5.22
$11.6
🧴 Hair Shampoo
$5.68
$5.76
🧻 Toilet paper, 4 rolls
$1.94
$5.18
👄 Toothpaste, 1 tube
$3.06
$3.63
Other
🏋️ Gym Membership, 1 month
$47.7
$90.3
🎫 Cinema Ticket, 1 person
$5.63
$19.2
👩‍⚕️ Doctor's visit
$30.8
$92.8
💇 Haircut, simple
$8.8
$47.2
👖 Brand Jeans
$60.2
$146
👟 Brand Sneakers
$121
$178
👶 Daycare or Preschool, 1 month
$318
$472
🏫 International Primary School, 1 year
$6803
$30029

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Baku

Distance City Cost of living
30 km or 19 mi Sumqayit
$774
92 km or 57 mi Sirvan
$663
150 km or 93 mi Khachmaz
$595
198 km or 123 mi Lankaran
$634
215 km or 133 mi Oguz
$652
229 km or 142 mi Yevlakh
$648
230 km or 143 mi Barda
$649
242 km or 151 mi Shaki
$631
270 km or 168 mi Ardabil
$708
296 km or 184 mi Ganja
$490
313 km or 195 mi Goris
$990
318 km or 198 mi Ahar
$480
320 km or 199 mi Kapan
$988
343 km or 213 mi Rasht
$447
350 km or 218 mi Makhachkala
$676
352 km or 218 mi Lahijan
$461
381 km or 237 mi Aktau
$611
398 km or 247 mi Tabriz
$452
408 km or 254 mi Zhanaozen
$624
411 km or 256 mi Marand
$429
416 km or 258 mi Gardabani
$726
426 km or 265 mi Rustavi
$679
428 km or 266 mi Zanjan
$401
440 km or 274 mi Marneuli
$769
442 km or 274 mi Abovyan
$1104
445 km or 276 mi Tbilisi
$1053
452 km or 281 mi Yerevan
$1205
453 km or 282 mi Maragheh
$444
454 km or 282 mi Vanadzor
$743
456 km or 283 mi Qazvin
$565
456 km or 284 mi Masis
$1096
461 km or 286 mi Ashtarak
$1084
465 km or 289 mi Khoy
$374
472 km or 293 mi Khak-e Ali
$533
473 km or 294 mi Spitak
$872
474 km or 294 mi Grozny
$732
486 km or 302 mi Amol
$516
491 km or 305 mi Babol
$359
492 km or 306 mi Armavir
$1027
495 km or 308 mi Nazarabad
$572

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$3092
9.8 km or 6.1 mi Hafnarfjorur
$3106
38 km or 24 mi Keflavik
$2581
247 km or 153 mi Akureyri
$2921
795 km or 494 mi Torshavn
$2017
1204 km or 748 mi Inverness
$2005
1230 km or 764 mi Elgin
$1523
1300 km or 808 mi Derry
$1646
1309 km or 813 mi Greenock
$1647
1321 km or 821 mi Aberdeen
$1806
1325 km or 823 mi Perth
$1640
1328 km or 825 mi Stirling
$1835
1331 km or 827 mi Paisley
$1885
1333 km or 828 mi Alloa
$1842
1337 km or 831 mi Glasgow
$2114
1339 km or 832 mi Dundee
$1593
1340 km or 833 mi Omagh
$1763
1341 km or 833 mi Cumbernauld
$1611
1342 km or 834 mi Irvine
$1704
1348 km or 838 mi East Kilbride
$1878
1349 km or 838 mi Kilmarnock
$1600
1351 km or 839 mi Dunfermline
$1750
1353 km or 841 mi Hamilton
$1831
1357 km or 843 mi Ayr
$1586
1360 km or 845 mi Kirkcaldy
$1794
1365 km or 848 mi Livingston
$1760
1372 km or 852 mi Edinburgh
$2295
1382 km or 859 mi Newtownabbey
$1820
1387 km or 862 mi Belfast
$1878
1390 km or 864 mi Bangor
$1485
1391 km or 864 mi Lisburn
$1923
1401 km or 871 mi Alesund
$2021
1413 km or 878 mi Galway
$3003
1425 km or 886 mi Dundalk
$2264
1431 km or 889 mi Dumfries
$1456
1433 km or 891 mi Nuuk
$2508
1441 km or 895 mi Molde
$2101
1454 km or 903 mi Kristiansund
$1944
1455 km or 904 mi Drogheda
$2518
1455 km or 904 mi Bergen
$2336