Miami vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Miami Reykjavik
🚶 Cost of living one person
$3075
$2938
👨‍👩‍👧‍👦 Cost of living Family
$7229
$5875
🏠 One person rent
$2042
$1801
🏘️ Family rent
$3813
$2674
🍽️ Food expenses
$708
$827
🚐 Transport expenses
$126
$90.1
💳 Monthly salary after tax
$3944
$3761
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
7 km
4 km
🎓 Higher education
85
53
😀 Quality of life
90
89
🏙️ Population
442K
140K

The cost of living in Miami is 5% more expensive than in Reykjavik. Cities ranked 119th and 200th ($3075 vs $2938) in the list of the most expensive cities in the world and ranked 107th and 1st in the United States and Iceland, respectively. Check the United States vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.3 months in Miami compared to 1.3 months in Reykjavik. Miami ranked 29th best city to live in the United States vs Reykjavik ranked 1st in Iceland, while ranked 140th and 194th among best cities to live in the world.

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Cost of living in Miami vs Reykjavik infographic

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Prices in Miami vs Reykjavik

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

Miami Reykjavik
Eating Out
🍱 Lunch Menu
$23.6
$21.5
🥂 Dinner in a Restaurant, for 2
$88.6
$137
🥪 Fast food meal, equiv. McDonald's
$12.7
$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.68
$10.8
 Cappuccino
$5.32
$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.26
$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2424
$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1740
$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$4776
$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$3298
$2456
🔌 Utility Bill one person, electricity, heating, water, etc.
$101
$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$156
$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$64.1
$71.4
🏦 Mortgage Interest Rate for 20 Years
6.67%
9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6403
$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3960
$5599
Transportation
🚌 Local transport ticket
$2.24
$4.52
🎟️ Monthly ticket local transport
$109
$75.8
🚕 Taxi Ride, 8 km or 5 mi
$14.7
$26.4
 Gas / Petrol, 1 L or 0.26 gal
$0.92
$2.23
Groceries
🥛 Milk, 1 L or 1 qt
$1.2
$1.66
🍞 Bread, 0.5 kg or 1.1 lb
$3.89
$3.74
🍚 Rice, 1 kg or 2.2 lb
$3.76
$3.24
🥚 Eggs, x12
$5.36
$5.94
🧀 Cheese, 1 kg or 2.2 lb
$15.6
$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$13.9
$20.9
🥩 Round Steak, 1 kg or 2.2 lb
$18.4
$37
🍏 Apples, 1 kg or 2.2 lb
$4.79
$2.94
🍌 Banana, 1 kg or 2.2 lb
$1.7
$2.25
🍊 Oranges, 1 kg or 2.2 lb
$3.01
$2.73
🍅 Tomato, 1 kg or 2.2 lb
$4.66
$4.73
🥔 Potato, 1 kg or 2.2 lb
$2.44
$3.26
🧅 Onion, 1 kg or 2.2 lb
$3.26
$2.11
🌊 Water, 1 L or 1 qt
$1.28
$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.46
$2.69
🍾 Wine (mid-priced), 750 mL bottle
$16.4
$21.6
🍺 Beer, 0.5 L or 16 fl oz
$2.78
$3.26
🚬 Cigarette pack
$10.6
$12.3
💊 Cold medicince, 1 week
$12.9
$10.4
🧴 Hair Shampoo
$6.93
$5.23
🧻 Toilet paper, 4 rolls
$5.79
$4.55
👄 Toothpaste, 1 tube
$2.83
$3.2
Other
🏋️ Gym Membership, 1 month
$75.4
$73.2
🎫 Cinema Ticket, 1 person
$15.1
$15.9
👩‍⚕️ Doctor's visit
$151
$82.2
💇 Haircut, simple
$34.2
$45.6
👖 Brand Jeans
$50
$128
👟 Brand Sneakers
$95.6
$162
👶 Daycare or Preschool, 1 month
$1399
$279
🏫 International Primary School, 1 year
$23889
$2532

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Cost of Living in the nearest cities

Cities near Miami

Distance City Cost of living
6.6 km or 4.1 mi Coral Gables
$2756
8.9 km or 5.5 mi Miami Beach
$2762
12 km or 7.2 mi Hialeah
$2381
13 km or 8 mi North Miami
$2660
14 km or 8.7 mi Doral
$2553
16 km or 9.8 mi Sweetwater
$2604
17 km or 10 mi Hialeah Gardens
$2474
17 km or 11 mi North Miami Beach
$2714
18 km or 11 mi Miami Lakes
$2528
18 km or 11 mi Miami Gardens
$2651
20 km or 12 mi Sunny Isles Beach
$2758
20 km or 13 mi Palmetto Bay
$2865
22 km or 13 mi Aventura
$2731
23 km or 14 mi Miramar
$2732
24 km or 15 mi Hallandale Beach
$2793
24 km or 15 mi Kendall West
$2805
26 km or 16 mi Cutler Bay
$3032
27 km or 17 mi Hollywood
$3016
27 km or 17 mi Pembroke Pines
$2939
29 km or 18 mi Richmond West
$3092
30 km or 19 mi Cooper
$2710
31 km or 19 mi Dania Beach
$2783
34 km or 21 mi Davie
$2681
38 km or 24 mi Plantation
$2664
40 km or 25 mi Fort Lauderdale
$2701
40 km or 25 mi Weston
$2590
42 km or 26 mi Sunrise
$2682
43 km or 26 mi Lauderhill
$2611
43 km or 27 mi Lauderdale Lakes
$2616
44 km or 27 mi Homestead
$4044
44 km or 28 mi Oakland Park
$2631
48 km or 30 mi Tamarac
$2679
48 km or 30 mi North Lauderdale
$2683
51 km or 32 mi Pompano Beach
$2597
51 km or 32 mi Margate
$2667
54 km or 34 mi Coral Springs
$2888
55 km or 34 mi Coconut Creek
$2643
59 km or 37 mi Parkland
$2754
61 km or 38 mi Deerfield Beach
$2414
66 km or 41 mi Boca Raton
$2882

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$2802
9.8 km or 6.1 mi Hafnarfjorur
$2817
38 km or 24 mi Keflavik
$2355
247 km or 153 mi Akureyri
$2678
795 km or 494 mi Torshavn
$1828
1204 km or 748 mi Inverness
$1722
1230 km or 764 mi Elgin
$1393
1300 km or 808 mi Derry
$1390
1309 km or 813 mi Greenock
$1601
1321 km or 821 mi Aberdeen
$1614
1325 km or 823 mi Perth
$1500
1328 km or 825 mi Stirling
$1604
1331 km or 827 mi Paisley
$1765
1333 km or 828 mi Alloa
$1649
1337 km or 831 mi Glasgow
$2011
1339 km or 832 mi Dundee
$1482
1340 km or 833 mi Omagh
$1562
1341 km or 833 mi Cumbernauld
$1475
1342 km or 834 mi Irvine
$1551
1348 km or 838 mi East Kilbride
$1763
1349 km or 838 mi Kilmarnock
$1480
1351 km or 839 mi Dunfermline
$1692
1353 km or 841 mi Hamilton
$1699
1357 km or 843 mi Ayr
$1404
1360 km or 845 mi Kirkcaldy
$1610
1365 km or 848 mi Livingston
$1608
1372 km or 852 mi Edinburgh
$2140
1382 km or 859 mi Newtownabbey
$1692
1387 km or 862 mi Belfast
$1755
1390 km or 864 mi Bangor
$1382
1391 km or 864 mi Lisburn
$1713
1401 km or 871 mi Alesund
$1603
1413 km or 878 mi Galway
$2297
1425 km or 886 mi Dundalk
$1767
1431 km or 889 mi Dumfries
$1246
1433 km or 891 mi Nuuk
$2031
1441 km or 895 mi Molde
$1813
1454 km or 903 mi Kristiansund
$1700
1455 km or 904 mi Drogheda
$2628
1455 km or 904 mi Bergen
$2006