Nicosia vs Reykjavik - Cost of Living Comparison

Updated: October 10, 2024

	Nicosia	Reykjavik
🚶 Cost of living one person	$1352	$2915
👨‍👩‍👧‍👦 Cost of living Family	$3249	$5968
🏠 One person rent	$701	$1781
🏘️ Family rent	$1285	$2749
🍽️ Food expenses	$434	$832
🚐 Transport expenses	$92.2	$88.7
💳 Monthly salary after tax	$1689	$3918
😷 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 54% less expensive than in Reykjavik. Cities ranked 4220th and 204th ($1352 vs $2915) in the list of the most expensive cities in the world and ranked 6th 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 469th and 189th 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	$12	$22
🥂 Dinner in a Restaurant, for 2	$60.6	$125
🥪 Fast food meal, equiv. McDonald's	$7.85	$18.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$4.46	$11.1
☕ Cappuccino	$3.73	$5.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.57	$3.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$631	$1809
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$506	$1626
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1228	$2822
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$992	$2552
🔌 Utility Bill one person, electricity, heating, water, etc.	$140	$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$216	$68.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$29.2	$74.1
🏦 Mortgage Interest Rate for 20 Years	3.8%	8.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2667	$6498
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1828	$5311
Transportation
🚌 Local transport ticket	$2.71	$4.63
🎟️ Monthly ticket local transport	$55.7	$77.2
🚕 Taxi Ride, 8 km or 5 mi	$16.4	$24.8
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.59	$2.29
Groceries
🥛 Milk, 1 L or 1 qt	$1.89	$1.72
🍞 Bread, 0.5 kg or 1.1 lb	$1.82	$3.66
🍚 Rice, 1 kg or 2.2 lb	$2.16	$3.25
🥚 Eggs, x12	$4.21	$5.9
🧀 Cheese, 1 kg or 2.2 lb	$13.7	$16
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.82	$21.4
🥩 Round Steak, 1 kg or 2.2 lb	$12.4	$37.6
🍏 Apples, 1 kg or 2.2 lb	$2.83	$3.07
🍌 Banana, 1 kg or 2.2 lb	$2.01	$2.29
🍊 Oranges, 1 kg or 2.2 lb	$1.87	$2.72
🍅 Tomato, 1 kg or 2.2 lb	$2.77	$4.99
🥔 Potato, 1 kg or 2.2 lb	$1.44	$3.21
🧅 Onion, 1 kg or 2.2 lb	$1.29	$2.16
🌊 Water, 1 L or 1 qt	$0.62	$1.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.48	$2.74
🍾 Wine (mid-priced), 750 mL bottle	$8.96	$22
🍺 Beer, 0.5 L or 16 fl oz	$1.75	$3.27
🚬 Cigarette pack	$5.66	$12.2
💊 Cold medicince, 1 week	$6.85	$11.6
🧴 Hair Shampoo	$3.81	$5.36
🧻 Toilet paper, 4 rolls	$2.05	$4.68
👄 Toothpaste, 1 tube	$2.86	$3.32
Other
🏋️ Gym Membership, 1 month	$61.9	$71.8
🎫 Cinema Ticket, 1 person	$11.2	$15.1
👩‍⚕️ Doctor's visit	$50.7	$84.7
💇 Haircut, simple	$11.3	$47.4
👖 Brand Jeans	$87.9	$112
👟 Brand Sneakers	$90.2	$155
👶 Daycare or Preschool, 1 month	$408	$254
🏫 International Primary School, 1 year	$7504	$6167

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	$1356
19 km or 12 mi	Kyrenia	$1216
32 km or 20 mi	Aradippou	$1242
37 km or 23 mi	Larnaca	$1559
54 km or 33 mi	Famagusta	$1331
58 km or 36 mi	Paralimni	$1150
63 km or 39 mi	Limassol	$2130
65 km or 41 mi	Ypsonas	$1832
96 km or 60 mi	Paphos	$1528
164 km or 102 mi	Mut	$627
196 km or 122 mi	Alanya	$835
213 km or 132 mi	Mersin	$789
224 km or 139 mi	Latakia	$427
224 km or 139 mi	Karaman	$536
238 km or 148 mi	Tarsus	$689
240 km or 149 mi	Tripoli	$708
243 km or 151 mi	Beirut	$1165
246 km or 153 mi	Jounieh	$948
257 km or 160 mi	Samandag	$510
259 km or 161 mi	Sidon	$767
267 km or 166 mi	Eregli	$618
269 km or 167 mi	Adana	$705
271 km or 168 mi	Tyre	$545
276 km or 171 mi	Zahle	$857
276 km or 172 mi	Antakya	$450
286 km or 178 mi	Iskenderun	$596
289 km or 180 mi	Nahariya	$1565
296 km or 184 mi	Acre	$1451
297 km or 185 mi	Ma'alot-Tarshiha	$1619
298 km or 185 mi	Kiryat Shmona	$1604
302 km or 187 mi	Ceyhan	$576
303 km or 188 mi	Haifa	$1582
304 km or 189 mi	Kiryat Bialik	$1607
304 km or 189 mi	Kiryat Yam	$1604
304 km or 189 mi	Kiryat Motzkin	$1585
308 km or 191 mi	Idlib	$516
308 km or 191 mi	Hama	$450
308 km or 191 mi	Antalya	$963
308 km or 192 mi	Karmiel	$1579
309 km or 192 mi	Kiryat Ata	$1591

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