Munich vs Reykjavik - Cost of Living Comparison

Updated: October 10, 2024

	Munich	Reykjavik
🚶 Cost of living one person	$2332	$2915
👨‍👩‍👧‍👦 Cost of living Family	$5652	$5968
🏠 One person rent	$1380	$1781
🏘️ Family rent	$2574	$2749
🍽️ Food expenses	$569	$832
🚐 Transport expenses	$219	$88.7
💳 Monthly salary after tax	$3717	$3918
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	23 km	4 km
🎓 Higher education	91	53
😀 Quality of life	94	89
🏙️ Population	1.51M	140K

The cost of living in Munich is 20% less expensive than in Reykjavik. Cities ranked 1056th and 204th ($2332 vs $2915) in the list of the most expensive cities in the world and ranked 1st and 1st in Germany and Iceland, respectively. Check Germany vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.6 months in Munich compared to 1.3 months in Reykjavik. Munich ranked 8th best city to live in Germany vs Reykjavik ranked 1st in Iceland, while ranked 54th and 189th among best cities to live in the world.

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Cost of living in Munich vs Reykjavik infographic

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<img src="https://livingcost.org/assets/photo/cost/munich/reykjavik.jpg" alt="Cost of living in Munich vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/munich/reykjavik" target="_blank">Munich vs Reykjavik - Cost of Living Comparison</a></p>

Prices in Munich vs Reykjavik

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

	Munich	Reykjavik
Eating Out
🍱 Lunch Menu	$17.1	$22
🥂 Dinner in a Restaurant, for 2	$77.8	$125
🥪 Fast food meal, equiv. McDonald's	$12.8	$18.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$5.12	$11.1
☕ Cappuccino	$4.67	$5.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$4	$3.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1433	$1809
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1107	$1626
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2772	$2822
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2147	$2552
🔌 Utility Bill one person, electricity, heating, water, etc.	$165	$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$258	$68.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$43.3	$74.1
🏦 Mortgage Interest Rate for 20 Years	3.97%	8.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$12629	$6498
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$9154	$5311
Transportation
🚌 Local transport ticket	$4.13	$4.63
🎟️ Monthly ticket local transport	$56.1	$77.2
🚕 Taxi Ride, 8 km or 5 mi	$26.8	$24.8
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.03	$2.29
Groceries
🥛 Milk, 1 L or 1 qt	$1.44	$1.72
🍞 Bread, 0.5 kg or 1.1 lb	$2.66	$3.66
🍚 Rice, 1 kg or 2.2 lb	$3.14	$3.25
🥚 Eggs, x12	$3.87	$5.9
🧀 Cheese, 1 kg or 2.2 lb	$14.9	$16
🐔 Chicken Breast, 1 kg or 2.2 lb	$13.8	$21.4
🥩 Round Steak, 1 kg or 2.2 lb	$20.4	$37.6
🍏 Apples, 1 kg or 2.2 lb	$3.02	$3.07
🍌 Banana, 1 kg or 2.2 lb	$1.87	$2.29
🍊 Oranges, 1 kg or 2.2 lb	$2.53	$2.72
🍅 Tomato, 1 kg or 2.2 lb	$3.78	$4.99
🥔 Potato, 1 kg or 2.2 lb	$1.73	$3.21
🧅 Onion, 1 kg or 2.2 lb	$1.84	$2.16
🌊 Water, 1 L or 1 qt	$0.62	$1.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.02	$2.74
🍾 Wine (mid-priced), 750 mL bottle	$7.51	$22
🍺 Beer, 0.5 L or 16 fl oz	$1.2	$3.27
🚬 Cigarette pack	$9.36	$12.2
💊 Cold medicince, 1 week	$9.23	$11.6
🧴 Hair Shampoo	$3.54	$5.36
🧻 Toilet paper, 4 rolls	$2.06	$4.68
👄 Toothpaste, 1 tube	$1.51	$3.32
Other
🏋️ Gym Membership, 1 month	$56.9	$71.8
🎫 Cinema Ticket, 1 person	$14.2	$15.1
👩‍⚕️ Doctor's visit	$78.3	$84.7
💇 Haircut, simple	$23	$47.4
👖 Brand Jeans	$101	$112
👟 Brand Sneakers	$107	$155
👶 Daycare or Preschool, 1 month	$1009	$254
🏫 International Primary School, 1 year	$19483	$6167

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Munich

Distance	City	Cost of living
16 km or 9.6 mi	Germering	$1886
16 km or 10 mi	Unterschleiheim	$1838
17 km or 10 mi	Puchheim	$1869
17 km or 11 mi	Dachau	$1837
20 km or 13 mi	Olching	$1817
23 km or 15 mi	Starnberg	$1805
24 km or 15 mi	Furstenfeldbruck	$1782
31 km or 19 mi	Erding	$1686
31 km or 19 mi	Geretsried	$1777
32 km or 20 mi	Freising	$1688
44 km or 28 mi	Pfaffenhofen an der Ilm	$1643
47 km or 29 mi	Weilheim in Oberbayern	$1871
48 km or 30 mi	Aichach	$1664
50 km or 31 mi	Friedberg	$1650
52 km or 32 mi	Rosenheim	$1224
53 km or 33 mi	Konigsbrunn	$1655
53 km or 33 mi	Landsberg am Lech	$1717
57 km or 35 mi	Augsburg	$1714
61 km or 38 mi	Gersthofen	$1646
62 km or 38 mi	Landshut	$1657
62 km or 38 mi	Waldkraiburg	$1614
62 km or 39 mi	Neusa	$1652
71 km or 44 mi	Ingolstadt	$1536
71 km or 44 mi	Muhldorf	$1618
72 km or 45 mi	Neuburg an der Donau	$1589
76 km or 48 mi	Kaufbeuren	$1751
77 km or 48 mi	Traunreut	$1606
80 km or 50 mi	Garmisch-Partenkirchen	$2024
85 km or 53 mi	Traunstein	$1630
87 km or 54 mi	Donauworth	$1619
98 km or 61 mi	Innsbruck	$1783
103 km or 64 mi	Gunzburg	$1651
104 km or 65 mi	Kempten	$1612
105 km or 65 mi	Regensburg	$1740
105 km or 65 mi	Memmingen	$1665
110 km or 69 mi	Straubing	$1607
112 km or 70 mi	Nordlingen	$1606
114 km or 71 mi	Senden	$1668
116 km or 72 mi	Salzburg	$1778
119 km or 74 mi	Sonthofen	$1668

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