Munich vs Reykjavik - Cost of Living Comparison

Updated: March 01, 2024

	Munich	Reykjavik
🚶 Cost of living one person	$2188	$2723
👨‍👩‍👧‍👦 Cost of living Family	$5197	$5671
🏠 One person rent	$1327	$1643
🏘️ Family rent	$2400	$2600
🍽️ Food expenses	$507	$800
🚐 Transport expenses	$203	$86.1
💳 Monthly salary after tax	$3867	$3682
😷 Air quality	Good	Excellent
✈️ Airport proximity	23 km	4 km
🎓 Higher education	91	53
😀 Quality of life	94	89
🏙️ Population	1.49M	140K

The cost of living in Munich is 20% less expensive than in Reykjavik. Cities ranked 1315th and 344th ($2188 vs $2723) 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 1.8 months in Munich compared to 1.4 months in Reykjavik. Munich ranked 9th best city to live in Germany vs Reykjavik ranked 1st in Iceland, while ranked 48th and 152nd among best cities to live in the world.

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Cost of living in Munich vs Reykjavik infographic

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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	$14.6	$21.6
🥂 Dinner in a Restaurant, for 2	$68	$125
🥪 Fast food meal, equiv. McDonald's	$11	$16.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$4.78	$10.9
☕ Cappuccino	$4.32	$5.05
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.28	$2.94
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1411	$1659
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1028	$1492
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2472	$2694
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1982	$2395
🔌 Utility Bill one person, electricity, heating, water, etc.	$177	$52.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$276	$80.5
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$45.1	$64.8
🏦 Mortgage Interest Rate for 20 Years	3.53%	8.07%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$11808	$6252
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$8614	$4951
Transportation
🚌 Local transport ticket	$4.02	$4.13
🎟️ Monthly ticket local transport	$53	$66.6
🚕 Taxi Ride, 8 km or 5 mi	$24.2	$26.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$2	$2.28
Groceries
🥛 Milk, 1 L or 1 qt	$1.37	$1.65
🍞 Bread, 0.5 kg or 1.1 lb	$2.29	$3.71
🍚 Rice, 1 kg or 2.2 lb	$2.49	$3.27
🥚 Eggs, x12	$3.72	$6.03
🧀 Cheese, 1 kg or 2.2 lb	$14.4	$15.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$13.1	$19.8
🥩 Round Steak, 1 kg or 2.2 lb	$17.5	$31
🍏 Apples, 1 kg or 2.2 lb	$2.65	$3.2
🍌 Banana, 1 kg or 2.2 lb	$1.75	$2.12
🍊 Oranges, 1 kg or 2.2 lb	$2.58	$2.81
🍅 Tomato, 1 kg or 2.2 lb	$2.83	$4.84
🥔 Potato, 1 kg or 2.2 lb	$2	$3.07
🧅 Onion, 1 kg or 2.2 lb	$2.08	$2.14
🌊 Water, 1 L or 1 qt	$0.57	$1.44
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.72	$2.53
🍾 Wine (mid-priced), 750 mL bottle	$6.31	$20
🍺 Beer, 0.5 L or 16 fl oz	$1.1	$3.08
🚬 Cigarette pack	$8.57	$11.8
💊 Cold medicince, 1 week	$8.17	$11.6
🧴 Hair Shampoo	$3.43	$5.21
🧻 Toilet paper, 4 rolls	$1.27	$4.67
👄 Toothpaste, 1 tube	$1.42	$3.24
Other
🏋️ Gym Membership, 1 month	$45.2	$63.3
🎫 Cinema Ticket, 1 person	$14.3	$14.5
👩‍⚕️ Doctor's visit	$74.8	$83
💇 Haircut, simple	$18.8	$37.2
👖 Brand Jeans	$95.5	$105
👟 Brand Sneakers	$97.3	$142
👶 Daycare or Preschool, 1 month	$922	$239
🏫 International Primary School, 1 year	$18334	$6072

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	$1803
16 km or 10 mi	Unterschleiheim	$1758
17 km or 10 mi	Puchheim	$1794
17 km or 11 mi	Dachau	$1763
20 km or 13 mi	Olching	$1755
23 km or 15 mi	Starnberg	$1748
24 km or 15 mi	Furstenfeldbruck	$1728
31 km or 19 mi	Erding	$1603
31 km or 19 mi	Geretsried	$1698
32 km or 20 mi	Freising	$1608
44 km or 28 mi	Pfaffenhofen an der Ilm	$1576
47 km or 29 mi	Weilheim in Oberbayern	$1733
48 km or 30 mi	Aichach	$1634
50 km or 31 mi	Friedberg	$1668
52 km or 32 mi	Rosenheim	$1206
53 km or 33 mi	Konigsbrunn	$1660
53 km or 33 mi	Landsberg am Lech	$1646
57 km or 35 mi	Augsburg	$1751
61 km or 38 mi	Gersthofen	$1663
62 km or 38 mi	Landshut	$1560
62 km or 38 mi	Waldkraiburg	$1537
62 km or 39 mi	Neusa	$1663
71 km or 44 mi	Ingolstadt	$1481
71 km or 44 mi	Muhldorf	$1533
72 km or 45 mi	Neuburg an der Donau	$1517
76 km or 48 mi	Kaufbeuren	$1575
77 km or 48 mi	Traunreut	$1505
80 km or 50 mi	Garmisch-Partenkirchen	$1937
85 km or 53 mi	Traunstein	$1516
87 km or 54 mi	Donauworth	$1568
98 km or 61 mi	Innsbruck	$1720
103 km or 64 mi	Gunzburg	$1587
104 km or 65 mi	Kempten	$1585
105 km or 65 mi	Regensburg	$1438
105 km or 65 mi	Memmingen	$1582
110 km or 69 mi	Straubing	$1487
112 km or 70 mi	Nordlingen	$1546
114 km or 71 mi	Senden	$1585
116 km or 72 mi	Salzburg	$1691
119 km or 74 mi	Sonthofen	$1599

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2304
9.8 km or 6.1 mi	Hafnarfjorur	$2460
38 km or 24 mi	Keflavik	$2023
247 km or 153 mi	Akureyri	$2011
795 km or 494 mi	Torshavn	$1952
1204 km or 748 mi	Inverness	$1629
1230 km or 764 mi	Elgin	$1554
1300 km or 808 mi	Derry	$1662
1309 km or 813 mi	Greenock	$1524
1321 km or 821 mi	Aberdeen	$1681
1325 km or 823 mi	Perth	$1537
1328 km or 825 mi	Stirling	$1659
1331 km or 827 mi	Paisley	$1734
1333 km or 828 mi	Alloa	$1670
1337 km or 831 mi	Glasgow	$1884
1339 km or 832 mi	Dundee	$1527
1340 km or 833 mi	Omagh	$1642
1341 km or 833 mi	Cumbernauld	$1803
1342 km or 834 mi	Irvine	$1514
1348 km or 838 mi	East Kilbride	$1748
1349 km or 838 mi	Kilmarnock	$1399
1351 km or 839 mi	Dunfermline	$1693
1353 km or 841 mi	Hamilton	$1731
1357 km or 843 mi	Ayr	$1520
1360 km or 845 mi	Kirkcaldy	$1800
1365 km or 848 mi	Livingston	$1651
1372 km or 852 mi	Edinburgh	$2043
1382 km or 859 mi	Newtownabbey	$1666
1387 km or 862 mi	Belfast	$1741
1390 km or 864 mi	Bangor	$1305
1391 km or 864 mi	Lisburn	$1643
1401 km or 871 mi	Alesund	$1539
1413 km or 878 mi	Galway	$2244
1425 km or 886 mi	Dundalk	$1869
1431 km or 889 mi	Dumfries	$1723
1433 km or 891 mi	Nuuk	$2175
1441 km or 895 mi	Molde	$1928
1454 km or 903 mi	Kristiansund	$1632
1455 km or 904 mi	Drogheda	$2391
1455 km or 904 mi	Bergen	$1991