Nicosia vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	Nicosia	Reykjavik
🚶 Cost of living one person	$1302	$2938
👨‍👩‍👧‍👦 Cost of living Family	$3166	$5875
🏠 One person rent	$678	$1801
🏘️ Family rent	$1282	$2674
🍽️ Food expenses	$414	$827
🚐 Transport expenses	$90	$90.1
💳 Monthly salary after tax	$1519	$3761
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	70	53
😀 Quality of life	81	89
🏙️ Population	330K	140K

The cost of living in Nicosia is 56% less expensive than in Reykjavik. Cities ranked 4211th and 200th ($1302 vs $2938) 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 1.3 months in Reykjavik. Nicosia ranked 1st best city to live in Cyprus vs Reykjavik ranked 1st in Iceland, while ranked 494th 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 Nicosia vs Reykjavik infographic

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

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	$11.6	$21.5
🥂 Dinner in a Restaurant, for 2	$55.7	$137
🥪 Fast food meal, equiv. McDonald's	$7.78	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$4.19	$10.8
☕ Cappuccino	$3.47	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.43	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$601	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$493	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1203	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1007	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$134	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$206	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$29.3	$71.4
🏦 Mortgage Interest Rate for 20 Years	4.6%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2722	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1984	$5599
Transportation
🚌 Local transport ticket	$2.49	$4.52
🎟️ Monthly ticket local transport	$51.6	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$17.2	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.47	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$1.83	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$1.64	$3.74
🍚 Rice, 1 kg or 2.2 lb	$2.14	$3.24
🥚 Eggs, x12	$4.04	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.01	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$11.9	$37
🍏 Apples, 1 kg or 2.2 lb	$2.67	$2.94
🍌 Banana, 1 kg or 2.2 lb	$1.9	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$1.81	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$3.14	$4.73
🥔 Potato, 1 kg or 2.2 lb	$1.26	$3.26
🧅 Onion, 1 kg or 2.2 lb	$1.36	$2.11
🌊 Water, 1 L or 1 qt	$0.64	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.45	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$7.91	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$1.71	$3.26
🚬 Cigarette pack	$5.26	$12.3
💊 Cold medicince, 1 week	$6.43	$10.4
🧴 Hair Shampoo	$3.57	$5.23
🧻 Toilet paper, 4 rolls	$1.95	$4.55
👄 Toothpaste, 1 tube	$2.68	$3.2
Other
🏋️ Gym Membership, 1 month	$60.7	$73.2
🎫 Cinema Ticket, 1 person	$10.3	$15.9
👩‍⚕️ Doctor's visit	$48.1	$82.2
💇 Haircut, simple	$11.2	$45.6
👖 Brand Jeans	$88.1	$128
👟 Brand Sneakers	$83	$162
👶 Daycare or Preschool, 1 month	$416	$279
🏫 International Primary School, 1 year	$6962	$2532

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	$1243
19 km or 12 mi	Kyrenia	$1136
32 km or 20 mi	Aradippou	$1134
37 km or 23 mi	Larnaca	$1368
54 km or 33 mi	Famagusta	$1252
58 km or 36 mi	Paralimni	$1158
63 km or 39 mi	Limassol	$1968
65 km or 41 mi	Ypsonas	$1702
96 km or 60 mi	Paphos	$1551
164 km or 102 mi	Mut	$611
196 km or 122 mi	Alanya	$745
213 km or 132 mi	Mersin	$759
224 km or 139 mi	Latakia	$386
224 km or 139 mi	Karaman	$490
238 km or 148 mi	Tarsus	$688
240 km or 149 mi	Tripoli	$776
243 km or 151 mi	Beirut	$1255
246 km or 153 mi	Jounieh	$1020
257 km or 160 mi	Samandag	$597
259 km or 161 mi	Sidon	$798
267 km or 166 mi	Eregli	$618
269 km or 167 mi	Adana	$712
271 km or 168 mi	Tyre	$573
276 km or 171 mi	Zahle	$912
276 km or 172 mi	Antakya	$598
286 km or 178 mi	Iskenderun	$578
289 km or 180 mi	Nahariya	$1616
296 km or 184 mi	Acre	$1502
297 km or 185 mi	Ma'alot-Tarshiha	$1647
298 km or 185 mi	Kiryat Shmona	$1709
302 km or 187 mi	Ceyhan	$575
303 km or 188 mi	Haifa	$1645
304 km or 189 mi	Kiryat Bialik	$1666
304 km or 189 mi	Kiryat Yam	$1657
304 km or 189 mi	Kiryat Motzkin	$1666
308 km or 191 mi	Idlib	$489
308 km or 191 mi	Hama	$417
308 km or 191 mi	Antalya	$928
308 km or 192 mi	Karmiel	$1531
309 km or 192 mi	Kiryat Ata	$1647

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