Miami vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Miami Reykjavik
🚶 Cost of living one person
$3103
$2915
👨‍👩‍👧‍👦 Cost of living Family
$7450
$5968
🏠 One person rent
$2075
$1781
🏘️ Family rent
$4080
$2749
🍽️ Food expenses
$704
$832
🚐 Transport expenses
$131
$88.7
💳 Monthly salary after tax
$4410
$3918
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
7 km
4 km
🎓 Higher education
85
53
😀 Quality of life
91
89
🏙️ Population
442K
140K

The cost of living in Miami is 6% more expensive than in Reykjavik. Cities ranked 103rd and 204th ($3103 vs $2915) in the list of the most expensive cities in the world and ranked 80th 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 1.4 months in Miami compared to 1.3 months in Reykjavik. Miami ranked 18th best city to live in the United States vs Reykjavik ranked 1st in Iceland, while ranked 109th and 189th 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
$22.8
$22
🥂 Dinner in a Restaurant, for 2
$88.5
$125
🥪 Fast food meal, equiv. McDonald's
$12.3
$18.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.36
$11.1
 Cappuccino
$5.26
$5.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.09
$3.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2446
$1809
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1765
$1626
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$4939
$2822
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$3570
$2552
🔌 Utility Bill one person, electricity, heating, water, etc.
$111
$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$173
$68.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$62.8
$74.1
🏦 Mortgage Interest Rate for 20 Years
6.69%
8.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6519
$6498
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4021
$5311
Transportation
🚌 Local transport ticket
$2.24
$4.63
🎟️ Monthly ticket local transport
$115
$77.2
🚕 Taxi Ride, 8 km or 5 mi
$15.1
$24.8
 Gas / Petrol, 1 L or 0.26 gal
$0.94
$2.29
Groceries
🥛 Milk, 1 L or 1 qt
$1.17
$1.72
🍞 Bread, 0.5 kg or 1.1 lb
$3.61
$3.66
🍚 Rice, 1 kg or 2.2 lb
$4.06
$3.25
🥚 Eggs, x12
$5.04
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$14.8
$16
🐔 Chicken Breast, 1 kg or 2.2 lb
$12.5
$21.4
🥩 Round Steak, 1 kg or 2.2 lb
$18.2
$37.6
🍏 Apples, 1 kg or 2.2 lb
$5.91
$3.07
🍌 Banana, 1 kg or 2.2 lb
$1.86
$2.29
🍊 Oranges, 1 kg or 2.2 lb
$4.66
$2.72
🍅 Tomato, 1 kg or 2.2 lb
$4.82
$4.99
🥔 Potato, 1 kg or 2.2 lb
$2.51
$3.21
🧅 Onion, 1 kg or 2.2 lb
$3.29
$2.16
🌊 Water, 1 L or 1 qt
$1.49
$1.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.21
$2.74
🍾 Wine (mid-priced), 750 mL bottle
$14.6
$22
🍺 Beer, 0.5 L or 16 fl oz
$2.38
$3.27
🚬 Cigarette pack
$9.85
$12.2
💊 Cold medicince, 1 week
$12.7
$11.6
🧴 Hair Shampoo
$7.01
$5.36
🧻 Toilet paper, 4 rolls
$5.55
$4.68
👄 Toothpaste, 1 tube
$3.01
$3.32
Other
🏋️ Gym Membership, 1 month
$71.4
$71.8
🎫 Cinema Ticket, 1 person
$15.2
$15.1
👩‍⚕️ Doctor's visit
$152
$84.7
💇 Haircut, simple
$33
$47.4
👖 Brand Jeans
$49.5
$112
👟 Brand Sneakers
$82.1
$155
👶 Daycare or Preschool, 1 month
$1210
$254
🏫 International Primary School, 1 year
$25328
$6167

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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
$2803
8.9 km or 5.5 mi Miami Beach
$2753
12 km or 7.2 mi Hialeah
$2562
13 km or 8 mi North Miami
$2671
14 km or 8.7 mi Doral
$2612
16 km or 9.8 mi Sweetwater
$2644
17 km or 10 mi Hialeah Gardens
$2551
17 km or 11 mi North Miami Beach
$2659
18 km or 11 mi Miami Lakes
$2578
18 km or 11 mi Miami Gardens
$2645
20 km or 12 mi Sunny Isles Beach
$2682
20 km or 13 mi Palmetto Bay
$2849
22 km or 13 mi Aventura
$2647
23 km or 14 mi Miramar
$2717
24 km or 15 mi Hallandale Beach
$2630
24 km or 15 mi Kendall West
$2808
26 km or 16 mi Cutler Bay
$3002
27 km or 17 mi Hollywood
$2724
27 km or 17 mi Pembroke Pines
$2898
29 km or 18 mi Richmond West
$3058
30 km or 19 mi Cooper
$2691
31 km or 19 mi Dania Beach
$2629
34 km or 21 mi Davie
$2623
38 km or 24 mi Plantation
$2573
40 km or 25 mi Fort Lauderdale
$2727
40 km or 25 mi Weston
$2608
42 km or 26 mi Sunrise
$2538
43 km or 26 mi Lauderhill
$2513
43 km or 27 mi Lauderdale Lakes
$2540
44 km or 27 mi Homestead
$3991
44 km or 28 mi Oakland Park
$2571
48 km or 30 mi Tamarac
$2424
48 km or 30 mi North Lauderdale
$2418
51 km or 32 mi Pompano Beach
$2490
51 km or 32 mi Margate
$2359
54 km or 34 mi Coral Springs
$2315
55 km or 34 mi Coconut Creek
$2429
59 km or 37 mi Parkland
$2484
61 km or 38 mi Deerfield Beach
$2248
66 km or 41 mi Boca Raton
$2860

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$2371
9.8 km or 6.1 mi Hafnarfjorur
$2602
38 km or 24 mi Keflavik
$2091
247 km or 153 mi Akureyri
$2300
795 km or 494 mi Torshavn
$1913
1204 km or 748 mi Inverness
$1830
1230 km or 764 mi Elgin
$1459
1300 km or 808 mi Derry
$1491
1309 km or 813 mi Greenock
$1599
1321 km or 821 mi Aberdeen
$1701
1325 km or 823 mi Perth
$1647
1328 km or 825 mi Stirling
$1625
1331 km or 827 mi Paisley
$1793
1333 km or 828 mi Alloa
$1710
1337 km or 831 mi Glasgow
$2013
1339 km or 832 mi Dundee
$1545
1340 km or 833 mi Omagh
$1650
1341 km or 833 mi Cumbernauld
$1767
1342 km or 834 mi Irvine
$1573
1348 km or 838 mi East Kilbride
$1818
1349 km or 838 mi Kilmarnock
$1470
1351 km or 839 mi Dunfermline
$1724
1353 km or 841 mi Hamilton
$1793
1357 km or 843 mi Ayr
$1420
1360 km or 845 mi Kirkcaldy
$1704
1365 km or 848 mi Livingston
$1744
1372 km or 852 mi Edinburgh
$2246
1382 km or 859 mi Newtownabbey
$1767
1387 km or 862 mi Belfast
$1830
1390 km or 864 mi Bangor
$1467
1391 km or 864 mi Lisburn
$1805
1401 km or 871 mi Alesund
$1657
1413 km or 878 mi Galway
$2427
1425 km or 886 mi Dundalk
$1930
1431 km or 889 mi Dumfries
$1390
1433 km or 891 mi Nuuk
$2125
1441 km or 895 mi Molde
$1969
1454 km or 903 mi Kristiansund
$1752
1455 km or 904 mi Drogheda
$2492
1455 km or 904 mi Bergen
$2161