Milan vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Milan Reykjavik
🚶 Cost of living one person
$2022
$2938
👨‍👩‍👧‍👦 Cost of living Family
$5010
$5875
🏠 One person rent
$1119
$1801
🏘️ Family rent
$2148
$2674
🍽️ Food expenses
$553
$827
🚐 Transport expenses
$187
$90.1
💳 Monthly salary after tax
$2069
$3761
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
7 km
4 km
🎓 Higher education
98
53
😀 Quality of life
86
89
🏙️ Population
1.35M
140K

The cost of living in Milan is 31% less expensive than in Reykjavik. Cities ranked 1772nd and 200th ($2022 vs $2938) in the list of the most expensive cities in the world and ranked 1st and 1st in Italy and Iceland, respectively. Check Italy vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1 months in Milan compared to 1.3 months in Reykjavik. Milan ranked 2nd best city to live in Italy vs Reykjavik ranked 1st in Iceland, while ranked 341st and 194th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Milan vs Reykjavik infographic

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Prices in Milan vs Reykjavik

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

Milan Reykjavik
Eating Out
🍱 Lunch Menu
$18.3
$21.5
🥂 Dinner in a Restaurant, for 2
$72.2
$137
🥪 Fast food meal, equiv. McDonald's
$11.7
$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.55
$10.8
 Cappuccino
$2.09
$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1297
$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$891
$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2706
$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1745
$2456
🔌 Utility Bill one person, electricity, heating, water, etc.
$119
$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$183
$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$28.6
$71.4
🏦 Mortgage Interest Rate for 20 Years
3.37%
9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$9154
$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4766
$5599
Transportation
🚌 Local transport ticket
$2.33
$4.52
🎟️ Monthly ticket local transport
$40.8
$75.8
🚕 Taxi Ride, 8 km or 5 mi
$27.1
$26.4
 Gas / Petrol, 1 L or 0.26 gal
$1.87
$2.23
Groceries
🥛 Milk, 1 L or 1 qt
$1.65
$1.66
🍞 Bread, 0.5 kg or 1.1 lb
$2.39
$3.74
🍚 Rice, 1 kg or 2.2 lb
$2.74
$3.24
🥚 Eggs, x12
$4.19
$5.94
🧀 Cheese, 1 kg or 2.2 lb
$16.6
$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$11.8
$20.9
🥩 Round Steak, 1 kg or 2.2 lb
$22.1
$37
🍏 Apples, 1 kg or 2.2 lb
$2.42
$2.94
🍌 Banana, 1 kg or 2.2 lb
$2.07
$2.25
🍊 Oranges, 1 kg or 2.2 lb
$2.79
$2.73
🍅 Tomato, 1 kg or 2.2 lb
$3.98
$4.73
🥔 Potato, 1 kg or 2.2 lb
$1.97
$3.26
🧅 Onion, 1 kg or 2.2 lb
$1.89
$2.11
🌊 Water, 1 L or 1 qt
$0.39
$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.65
$2.69
🍾 Wine (mid-priced), 750 mL bottle
$8.3
$21.6
🍺 Beer, 0.5 L or 16 fl oz
$1.94
$3.26
🚬 Cigarette pack
$6.23
$12.3
💊 Cold medicince, 1 week
$11.5
$10.4
🧴 Hair Shampoo
$3.54
$5.23
🧻 Toilet paper, 4 rolls
$2.83
$4.55
👄 Toothpaste, 1 tube
$2.41
$3.2
Other
🏋️ Gym Membership, 1 month
$65.9
$73.2
🎫 Cinema Ticket, 1 person
$10.6
$15.9
👩‍⚕️ Doctor's visit
$92.3
$82.2
💇 Haircut, simple
$20.2
$45.6
👖 Brand Jeans
$100
$128
👟 Brand Sneakers
$107
$162
👶 Daycare or Preschool, 1 month
$790
$279
🏫 International Primary School, 1 year
$14604
$2532

Cost of living in other countries

MilanReykjavik

Cost of living

More cities to compare

Cost of Living in the nearest cities

Cities near Milan

Distance City Cost of living
8 km or 5 mi Buccinasco
$1576
15 km or 9.1 mi Monza
$1586
20 km or 13 mi Seregno
$1503
21 km or 13 mi Saronno
$1592
29 km or 18 mi Lodi
$1228
30 km or 19 mi Cantu
$1506
30 km or 19 mi Vigevano
$1503
31 km or 19 mi Busto Arsizio
$1496
31 km or 20 mi Pavia
$1271
39 km or 24 mi Como
$1634
40 km or 25 mi Crema
$1365
45 km or 28 mi Novara
$1157
45 km or 28 mi Bergamo
$1450
46 km or 28 mi Lecco
$1321
48 km or 30 mi Varese
$1422
55 km or 34 mi Voghera
$1389
61 km or 38 mi Piacenza
$1334
63 km or 39 mi Vercelli
$1202
63 km or 39 mi Lugano
$2507
69 km or 43 mi Tortona
$1401
76 km or 47 mi Cremona
$1240
76 km or 47 mi Alessandria
$1293
81 km or 50 mi Brescia
$1410
82 km or 51 mi Bellinzona
$2853
89 km or 55 mi Biella
$1162
100 km or 62 mi Asti
$1209
116 km or 72 mi Parma
$1403
120 km or 74 mi Genoa
$1470
125 km or 78 mi Turin
$1424
130 km or 81 mi Mantua
$1405
140 km or 87 mi Savona
$1512
141 km or 87 mi Verona
$1459
142 km or 88 mi Reggio Emilia
$1323
149 km or 92 mi Aosta
$1474
156 km or 97 mi Chur
$2344
159 km or 99 mi La Spezia
$1348
162 km or 100 mi Sassuolo
$1400
162 km or 101 mi Mondovi
$1203
164 km or 102 mi Trento
$1509
164 km or 102 mi Modena
$1506

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