Nicosia vs Reykjavik - Cost of Living Comparison

Updated: March 01, 2024

	Nicosia	Reykjavik
🚶 Cost of living one person	$1280	$2723
👨‍👩‍👧‍👦 Cost of living Family	$3095	$5671
🏠 One person rent	$649	$1643
🏘️ Family rent	$1199	$2600
🍽️ Food expenses	$428	$800
🚐 Transport expenses	$78.9	$86.1
💳 Monthly salary after tax	$1590	$3682
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	69	53
😀 Quality of life	81	89
🏙️ Population	330K	140K

The cost of living in Nicosia is 53% less expensive than in Reykjavik. Cities ranked 4233rd and 344th ($1280 vs $2723) in the list of the most expensive cities in the world and ranked 5th and 1st in Cyprus and Iceland, respectively. Check Cyprus vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.2 months in Nicosia compared to 1.4 months in Reykjavik. Nicosia ranked 1st best city to live in Cyprus vs Reykjavik ranked 1st in Iceland, while ranked 415th and 152nd among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Nicosia vs Reykjavik infographic

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Prices in Nicosia vs Reykjavik

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

	Nicosia	Reykjavik
Eating Out
🍱 Lunch Menu	$13.2	$21.6
🥂 Dinner in a Restaurant, for 2	$57.9	$125
🥪 Fast food meal, equiv. McDonald's	$7.76	$16.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$4.35	$10.9
☕ Cappuccino	$3.82	$5.05
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.55	$2.94
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$570	$1659
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$471	$1492
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1164	$2694
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$920	$2395
🔌 Utility Bill one person, electricity, heating, water, etc.	$129	$52.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$202	$80.5
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$28.5	$64.8
🏦 Mortgage Interest Rate for 20 Years	3.42%	8.07%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2534	$6252
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$2015	$4951
Transportation
🚌 Local transport ticket	$2.16	$4.13
🎟️ Monthly ticket local transport	$44.5	$66.6
🚕 Taxi Ride, 8 km or 5 mi	$14.3	$26.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.57	$2.28
Groceries
🥛 Milk, 1 L or 1 qt	$1.71	$1.65
🍞 Bread, 0.5 kg or 1.1 lb	$1.8	$3.71
🍚 Rice, 1 kg or 2.2 lb	$2.04	$3.27
🥚 Eggs, x12	$3.94	$6.03
🧀 Cheese, 1 kg or 2.2 lb	$12.6	$15.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.32	$19.8
🥩 Round Steak, 1 kg or 2.2 lb	$11.1	$31
🍏 Apples, 1 kg or 2.2 lb	$2.83	$3.2
🍌 Banana, 1 kg or 2.2 lb	$1.94	$2.12
🍊 Oranges, 1 kg or 2.2 lb	$2.05	$2.81
🍅 Tomato, 1 kg or 2.2 lb	$2.82	$4.84
🥔 Potato, 1 kg or 2.2 lb	$1.4	$3.07
🧅 Onion, 1 kg or 2.2 lb	$1.12	$2.14
🌊 Water, 1 L or 1 qt	$0.64	$1.44
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.46	$2.53
🍾 Wine (mid-priced), 750 mL bottle	$9	$20
🍺 Beer, 0.5 L or 16 fl oz	$1.75	$3.08
🚬 Cigarette pack	$5.46	$11.8
💊 Cold medicince, 1 week	$6.66	$11.6
🧴 Hair Shampoo	$3.69	$5.21
🧻 Toilet paper, 4 rolls	$1.98	$4.67
👄 Toothpaste, 1 tube	$2.78	$3.24
Other
🏋️ Gym Membership, 1 month	$63.6	$63.3
🎫 Cinema Ticket, 1 person	$11	$14.5
👩‍⚕️ Doctor's visit	$48.7	$83
💇 Haircut, simple	$11.2	$37.2
👖 Brand Jeans	$86.4	$105
👟 Brand Sneakers	$93.2	$142
👶 Daycare or Preschool, 1 month	$371	$239
🏫 International Primary School, 1 year	$7149	$6072

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Nicosia

Distance	City	Cost of living
17 km or 11 mi	Dali	$1091
19 km or 12 mi	Kyrenia	$1081
32 km or 20 mi	Aradippou	$1189
37 km or 23 mi	Larnaca	$1519
54 km or 33 mi	Famagusta	$1199
58 km or 36 mi	Paralimni	$990
63 km or 39 mi	Limassol	$2099
65 km or 41 mi	Ypsonas	$1783
96 km or 60 mi	Paphos	$1400
164 km or 102 mi	Mut	$566
196 km or 122 mi	Alanya	$742
213 km or 132 mi	Mersin	$750
224 km or 139 mi	Latakia	$436
224 km or 139 mi	Karaman	$513
238 km or 148 mi	Tarsus	$601
240 km or 149 mi	Tripoli	$665
243 km or 151 mi	Beirut	$1195
246 km or 153 mi	Jounieh	$982
257 km or 160 mi	Samandag	$550
259 km or 161 mi	Sidon	$770
267 km or 166 mi	Eregli	$539
269 km or 167 mi	Adana	$630
271 km or 168 mi	Tyre	$633
276 km or 171 mi	Zahle	$882
276 km or 172 mi	Antakya	$563
286 km or 178 mi	Iskenderun	$518
289 km or 180 mi	Nahariya	$1570
296 km or 184 mi	Acre	$1447
297 km or 185 mi	Ma'alot-Tarshiha	$1633
298 km or 185 mi	Kiryat Shmona	$1673
302 km or 187 mi	Ceyhan	$517
303 km or 188 mi	Haifa	$1567
304 km or 189 mi	Kiryat Bialik	$1594
304 km or 189 mi	Kiryat Yam	$1601
304 km or 189 mi	Kiryat Motzkin	$1610
308 km or 191 mi	Idlib	$401
308 km or 191 mi	Hama	$480
308 km or 191 mi	Antalya	$935
308 km or 192 mi	Karmiel	$1617
309 km or 192 mi	Kiryat Ata	$1594

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