Madrid vs Reykjavik - Cost of Living Comparison
Updated:
| Madrid | Reykjavik | |
|---|---|---|
| 🚶 Cost of living one person | ||
| 👨👩👧👦 Cost of living Family | ||
| 🏠 One person rent | ||
| 🏘️ Family rent | ||
| 🍽️ Food expenses | ||
| 🚐 Transport expenses | ||
| 💳 Monthly salary after tax | ||
| 😷 Air quality | ||
| ✈️ Airport proximity | ||
| 🎓 Higher education | ||
| 😀 Quality of life | ||
| 🏙️ Population |
The cost of living in Madrid is 34% less expensive than in Reykjavik. Cities ranked 1723rd and 119th ($2109 vs $3205) in the list of the most expensive cities in the world and ranked 4th and 1st in Spain and Iceland, respectively. Check Spain vs Iceland comparison.
The average after-tax salary is enough to cover living expenses for 1.2 months in Madrid compared to 1.4 months in Reykjavik. Madrid ranked 1st best city to live in Spain vs Reykjavik ranked 1st in Iceland, while ranked 160th and 258th among best cities to live in the world.
Salary adjustment calculator
the estimated difference in money purchasing power
Share this picture
Prices in Madrid vs Reykjavik
Prices for goods and services in Madrid and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.
| Madrid | Reykjavik | |
|---|---|---|
| Eating Out | ||
| 🍱 Lunch Menu | ||
| 🥂 Dinner in a Restaurant, for 2 | ||
| 🥪 Fast food meal, equiv. McDonald's | ||
| 🍻 Beer in a Pub, 0.5 L or 16 fl oz | ||
| ☕ Cappuccino | ||
| 🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz | ||
| Rent & Utilities | ||
| 🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2 | ||
| 🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | ||
| 🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2 | ||
| 🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | ||
| 🔌 Utility Bill one person, electricity, heating, water, etc. | ||
| 🔌 Utility Bill for a Family, electricity, heating, water, etc. | ||
| 🌐 Internet plan, 50 Mbps+ 1 month unlimited | ||
| 🏦 Mortgage Interest Rate for 20 Years | ||
| 🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2 | ||
| 🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2 | ||
| Transportation | ||
| 🚌 Local transport ticket | ||
| 🎟️ Monthly ticket local transport | ||
| 🚕 Taxi Ride, 8 km or 5 mi | ||
| ⛽ Gas / Petrol, 1 L or 0.26 gal | ||
| Groceries | ||
| 🥛 Milk, 1 L or 1 qt | ||
| 🍞 Bread, 0.5 kg or 1.1 lb | ||
| 🍚 Rice, 1 kg or 2.2 lb | ||
| 🥚 Eggs, x12 | ||
| 🧀 Cheese, 1 kg or 2.2 lb | ||
| 🐔 Chicken Breast, 1 kg or 2.2 lb | ||
| 🥩 Round Steak, 1 kg or 2.2 lb | ||
| 🍏 Apples, 1 kg or 2.2 lb | ||
| 🍌 Banana, 1 kg or 2.2 lb | ||
| 🍊 Oranges, 1 kg or 2.2 lb | ||
| 🍅 Tomato, 1 kg or 2.2 lb | ||
| 🥔 Potato, 1 kg or 2.2 lb | ||
| 🧅 Onion, 1 kg or 2.2 lb | ||
| 🌊 Water, 1 L or 1 qt | ||
| 🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz | ||
| 🍾 Wine (mid-priced), 750 mL bottle | ||
| 🍺 Beer, 0.5 L or 16 fl oz | ||
| 🚬 Cigarette pack | ||
| 💊 Cold medicince, 1 week | ||
| 🧴 Hair Shampoo | ||
| 🧻 Toilet paper, 4 rolls | ||
| 👄 Toothpaste, 1 tube | ||
| Other | ||
| 🏋️ Gym Membership, 1 month | ||
| 🎫 Cinema Ticket, 1 person | ||
| 👩⚕️ Doctor's visit | ||
| 💇 Haircut, simple | ||
| 👖 Brand Jeans | ||
| 👟 Brand Sneakers | ||
| 👶 Daycare or Preschool, 1 month | ||
| 🏫 International Primary School, 1 year | ||
Cost of living in other countries
Cost of living
More cities to compare
Cost of Living in the nearest cities
Cities near Madrid
| Distance | City | Cost of living |
|---|---|---|
| 11 km or 6.6 mi |  Pozuelo de Alarcon | |
| 11 km or 6.7 mi | Coslada | |
| 14 km or 8.5 mi | Alcobendas | |
| 18 km or 11 mi | Mostoles | |
| 18 km or 11 mi | Fuenlabrada | |
| 18 km or 11 mi | Torrejon de Ardoz | |
| 21 km or 13 mi | Tres Cantos | |
| 29 km or 18 mi | Alcala de Henares | |
| 50 km or 31 mi | Guadalajara | |
| 68 km or 42 mi | Toledo | |
| 69 km or 43 mi | Segovia | |
| 138 km or 86 mi | Cuenca | |
| 155 km or 97 mi | Laguna de Duero | |
| 158 km or 98 mi | Villarrobledo | |
| 162 km or 101 mi | Valladolid | |
| 177 km or 110 mi | Salamanca | |
| 196 km or 122 mi | Puertollano | |
| 208 km or 129 mi | Plasencia | |
| 211 km or 131 mi | Zamora | |
| 215 km or 133 mi | Burgos | |
| 223 km or 139 mi | Albacete | |
| 242 km or 150 mi | Villanueva de la Serena | |
| 244 km or 151 mi | Requena | |
| 250 km or 156 mi | Logrono | |
| 251 km or 156 mi | Caceres | |
| 253 km or 157 mi | Tudela | |
| 258 km or 160 mi | Linares | |
| 269 km or 167 mi | Ubeda | |
| 272 km or 169 mi | Zaragoza | |
| 281 km or 175 mi | Merida | |
| 283 km or 176 mi | Vitoria-Gasteiz | |
| 288 km or 179 mi | Leon | |
| 295 km or 183 mi | Jaen | |
| 296 km or 184 mi | Jumilla | |
| 297 km or 184 mi | Cordoba | |
| 298 km or 185 mi | Yecla | |
| 299 km or 186 mi |  Braganca | |
| 301 km or 187 mi | Martos | |
| 302 km or 187 mi | Caravaca de la Cruz | |
| 302 km or 188 mi | Valencia |
Cities near Reykjavik
| Distance | City | Cost of living |
|---|---|---|
| 6.8 km or 4.2 mi |  Kopavogur | |
| 9.8 km or 6.1 mi | Hafnarfjorur | |
| 38 km or 24 mi | Keflavik | |
| 247 km or 153 mi | Akureyri | |
| 795 km or 494 mi |  Torshavn | |
| 1204 km or 748 mi |  Inverness | |
| 1230 km or 764 mi | Elgin | |
| 1300 km or 808 mi | Derry | |
| 1309 km or 813 mi | Greenock | |
| 1321 km or 821 mi | Aberdeen | |
| 1325 km or 823 mi | Perth | |
| 1328 km or 825 mi | Stirling | |
| 1331 km or 827 mi | Paisley | |
| 1333 km or 828 mi | Alloa | |
| 1337 km or 831 mi | Glasgow | |
| 1339 km or 832 mi | Dundee | |
| 1340 km or 833 mi | Omagh | |
| 1341 km or 833 mi | Cumbernauld | |
| 1342 km or 834 mi | Irvine | |
| 1348 km or 838 mi | East Kilbride | |
| 1349 km or 838 mi | Kilmarnock | |
| 1351 km or 839 mi | Dunfermline | |
| 1353 km or 841 mi | Hamilton | |
| 1357 km or 843 mi | Ayr | |
| 1360 km or 845 mi | Kirkcaldy | |
| 1365 km or 848 mi | Livingston | |
| 1372 km or 852 mi | Edinburgh | |
| 1382 km or 859 mi | Newtownabbey | |
| 1387 km or 862 mi | Belfast | |
| 1390 km or 864 mi | Bangor | |
| 1391 km or 864 mi | Lisburn | |
| 1401 km or 871 mi |  Alesund | |
| 1413 km or 878 mi |  Galway | |
| 1425 km or 886 mi | Dundalk | |
| 1431 km or 889 mi | Dumfries | |
| 1433 km or 891 mi | Nuuk | |
| 1441 km or 895 mi | Molde | |
| 1454 km or 903 mi | Kristiansund | |
| 1455 km or 904 mi | Drogheda | |
| 1455 km or 904 mi | Bergen |