Minneapolis vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Minneapolis Reykjavik
🚶 Cost of living one person
$2256
$2915
👨‍👩‍👧‍👦 Cost of living Family
$5584
$5968
🏠 One person rent
$1311
$1781
🏘️ Family rent
$2372
$2749
🍽️ Food expenses
$676
$832
🚐 Transport expenses
$123
$88.7
💳 Monthly salary after tax
$4424
$3918
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
12 km
4 km
🎓 Higher education
83
53
😀 Quality of life
88
89
🏙️ Population
430K
140K

The cost of living in Minneapolis is 23% less expensive than in Reykjavik. Cities ranked 1228th and 204th ($2256 vs $2915) in the list of the most expensive cities in the world and ranked 1082nd 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 2 months in Minneapolis compared to 1.3 months in Reykjavik. Minneapolis ranked 60th best city to live in the United States vs Reykjavik ranked 1st in Iceland, while ranked 234th and 189th among best cities to live in the world.

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Cost of living in Minneapolis vs Reykjavik infographic

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Prices in Minneapolis vs Reykjavik

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

Minneapolis Reykjavik
Eating Out
🍱 Lunch Menu
$20.1
$22
🥂 Dinner in a Restaurant, for 2
$80.8
$125
🥪 Fast food meal, equiv. McDonald's
$11
$18.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.96
$11.1
 Cappuccino
$6
$5.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3
$3.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1461
$1809
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1061
$1626
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2697
$2822
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2009
$2552
🔌 Utility Bill one person, electricity, heating, water, etc.
$102
$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$157
$68.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$67.6
$74.1
🏦 Mortgage Interest Rate for 20 Years
6.5%
8.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3075
$6498
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2486
$5311
Transportation
🚌 Local transport ticket
$2.48
$4.63
🎟️ Monthly ticket local transport
$90
$77.2
🚕 Taxi Ride, 8 km or 5 mi
$18.2
$24.8
 Gas / Petrol, 1 L or 0.26 gal
$0.9
$2.29
Groceries
🥛 Milk, 1 L or 1 qt
$0.98
$1.72
🍞 Bread, 0.5 kg or 1.1 lb
$4.01
$3.66
🍚 Rice, 1 kg or 2.2 lb
$5.19
$3.25
🥚 Eggs, x12
$3.52
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$11.9
$16
🐔 Chicken Breast, 1 kg or 2.2 lb
$15.7
$21.4
🥩 Round Steak, 1 kg or 2.2 lb
$17.4
$37.6
🍏 Apples, 1 kg or 2.2 lb
$5.74
$3.07
🍌 Banana, 1 kg or 2.2 lb
$2.08
$2.29
🍊 Oranges, 1 kg or 2.2 lb
$5.14
$2.72
🍅 Tomato, 1 kg or 2.2 lb
$4.61
$4.99
🥔 Potato, 1 kg or 2.2 lb
$2.96
$3.21
🧅 Onion, 1 kg or 2.2 lb
$3.33
$2.16
🌊 Water, 1 L or 1 qt
$1.38
$1.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.25
$2.74
🍾 Wine (mid-priced), 750 mL bottle
$13.9
$22
🍺 Beer, 0.5 L or 16 fl oz
$2.01
$3.27
🚬 Cigarette pack
$10.9
$12.2
💊 Cold medicince, 1 week
$8.25
$11.6
🧴 Hair Shampoo
$5.17
$5.36
🧻 Toilet paper, 4 rolls
$3.44
$4.68
👄 Toothpaste, 1 tube
$1.92
$3.32
Other
🏋️ Gym Membership, 1 month
$33.9
$71.8
🎫 Cinema Ticket, 1 person
$13.9
$15.1
👩‍⚕️ Doctor's visit
$105
$84.7
💇 Haircut, simple
$15.9
$47.4
👖 Brand Jeans
$59.7
$112
👟 Brand Sneakers
$83.9
$155
👶 Daycare or Preschool, 1 month
$1565
$254
🏫 International Primary School, 1 year
$27084
$6167

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Minneapolis

Distance City Cost of living
7 km or 4.4 mi Golden Valley
$2231
8.4 km or 5.2 mi St. Louis Park
$2224
9.1 km or 5.7 mi Crystal
$2280
9.2 km or 5.7 mi Roseville
$2193
10 km or 6.2 mi Richfield
$2224
10 km or 6.4 mi Brooklyn Center
$2358
11 km or 6.6 mi New Hope
$2282
11 km or 6.8 mi New Brighton
$2305
12 km or 7.2 mi Fridley
$2400
12 km or 7.3 mi Edina
$2251
14 km or 8.8 mi Brooklyn Park
$2398
14 km or 9 mi Saint Paul
$2091
14 km or 9 mi Shoreview
$2282
15 km or 9.3 mi Plymouth
$2292
15 km or 9.6 mi Coon Rapids
$2476
17 km or 10 mi Bloomington
$2239
18 km or 11 mi Maple Grove
$2353
20 km or 12 mi Minnetonka
$2297
20 km or 12 mi Eagan
$2200
20 km or 12 mi Blaine
$2429
21 km or 13 mi South St. Paul
$2177
21 km or 13 mi Eden Prairie
$2361
22 km or 14 mi Maplewood
$2212
23 km or 14 mi Savage
$2249
23 km or 14 mi Inver Grove Heights
$2196
23 km or 15 mi White Bear Lake
$2252
24 km or 15 mi Burnsville
$2227
24 km or 15 mi Oakdale
$2258
24 km or 15 mi Lino Lakes
$2319
25 km or 15 mi Chanhassen
$2320
25 km or 16 mi Champlin
$2485
27 km or 17 mi Woodbury
$2352
28 km or 17 mi Andover
$2447
28 km or 17 mi Apple Valley
$2162
29 km or 18 mi Shakopee
$2318
29 km or 18 mi Rosemount
$2191
31 km or 19 mi Cottage Grove
$2252
32 km or 20 mi Prior Lake
$2262
34 km or 21 mi Chaska
$2294
34 km or 21 mi Ramsey
$2640

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