Nizhny Novgorod vs Reykjavik - Cost of Living Comparison

Updated: June 21, 2026

	Nizhny Novgorod	Reykjavik
🚶 Cost of living one person	$1051	$3205
👨‍👩‍👧‍👦 Cost of living Family	$2514	$6762
🏠 One person rent	$528	$1954
🏘️ Family rent	$928	$2956
🍽️ Food expenses	$371	$904
🚐 Transport expenses	$56.6	$100
💳 Monthly salary after tax	$928	$4423
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	48	53
😀 Quality of life	63	88
🏙️ Population	1.2M	139K

The cost of living in Nizhny Novgorod is 67% less expensive than in Reykjavik. Cities ranked 5192nd and 119th ($1051 vs $3205) in the list of the most expensive cities in the world and ranked 14th and 1st in Russia and Iceland, respectively. Check Russia vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.9 months in Nizhny Novgorod compared to 1.4 months in Reykjavik. Nizhny Novgorod ranked 6th best city to live in Russia vs Reykjavik ranked 1st in Iceland, while ranked 5476th and 258th among best cities to live in the world.

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the estimated difference in money purchasing power

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

Prices in Nizhny Novgorod vs Reykjavik

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

	Nizhny Novgorod	Reykjavik
Eating Out
🍱 Lunch Menu	$14.4	$28.3
🥂 Dinner in a Restaurant, for 2	$48.4	$97.9
🥪 Fast food meal, equiv. McDonald's	$7.57	$20
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.27	$13.4
☕ Cappuccino	$3.13	$6.5
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.58	$3.26
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$603	$2129
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$395	$1743
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1089	$3328
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$717	$2660
🔌 Utility Bill one person, electricity, heating, water, etc.	$82.2	$52.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$128	$80.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$9.07	$82
🏦 Mortgage Interest Rate for 20 Years	20.53%	8.69%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3459	$7748
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$2313	$6175
Transportation
🚌 Local transport ticket	$0.55	$5.38
🎟️ Monthly ticket local transport	$18.9	$90.3
🚕 Taxi Ride, 8 km or 5 mi	$6.24	$28.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.93	$2.12
Groceries
🥛 Milk, 1 L or 1 qt	$1.34	$2.04
🍞 Bread, 0.5 kg or 1.1 lb	$0.77	$4.21
🍚 Rice, 1 kg or 2.2 lb	$1.46	$3.46
🥚 Eggs, x12	$1.68	$6.99
🧀 Cheese, 1 kg or 2.2 lb	$12.7	$20.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.39	$24.8
🥩 Round Steak, 1 kg or 2.2 lb	$11.3	$44.1
🍏 Apples, 1 kg or 2.2 lb	$1.94	$3.41
🍌 Banana, 1 kg or 2.2 lb	$1.94	$2.66
🍊 Oranges, 1 kg or 2.2 lb	$2.11	$3.17
🍅 Tomato, 1 kg or 2.2 lb	$3.28	$5.99
🥔 Potato, 1 kg or 2.2 lb	$0.78	$3.65
🧅 Onion, 1 kg or 2.2 lb	$0.69	$1.89
🌊 Water, 1 L or 1 qt	$0.53	$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.68	$3
🍾 Wine (mid-priced), 750 mL bottle	$9.76	$23.2
🍺 Beer, 0.5 L or 16 fl oz	$1.32	$3.72
🚬 Cigarette pack	$3.28	$13.5
💊 Cold medicince, 1 week	$9.3	$11.6
🧴 Hair Shampoo	$3.45	$5.76
🧻 Toilet paper, 4 rolls	$1.48	$5.18
👄 Toothpaste, 1 tube	$1.41	$3.63
Other
🏋️ Gym Membership, 1 month	$31.6	$90.3
🎫 Cinema Ticket, 1 person	$7.47	$19.2
👩‍⚕️ Doctor's visit	$18	$92.8
💇 Haircut, simple	$6.34	$47.2
👖 Brand Jeans	$70.6	$146
👟 Brand Sneakers	$128	$178
👶 Daycare or Preschool, 1 month	$332	$472
🏫 International Primary School, 1 year	$5021	$30029

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Nizhny Novgorod

Distance	City	Cost of living
36 km or 22 mi	Dzerzhinsk	$800
198 km or 123 mi	Ivanovo	$705
202 km or 125 mi	Cheboksary	$749
223 km or 139 mi	Vladimir	$821
241 km or 150 mi	Yoshkar-Ola	$754
245 km or 152 mi	Kostroma	$804
250 km or 155 mi	Saransk	$834
290 km or 180 mi	Yaroslavl	$781
323 km or 200 mi	Kazan	$981
331 km or 205 mi	Ryazan	$771
350 km or 217 mi	Elektrostal	$1066
353 km or 220 mi	Penza	$614
355 km or 221 mi	Ulyanovsk	$705
366 km or 227 mi	Rybinsk	$786
380 km or 236 mi	Balashikha	$1055
386 km or 240 mi	Korolyov	$1030
387 km or 240 mi	Lyubertsy	$1077
391 km or 243 mi	Mytishchi	$1014
402 km or 250 mi	Moscow	$1678
403 km or 250 mi	Vologda	$626
410 km or 255 mi	Khimki	$1084
415 km or 258 mi	Podolsk	$1068
418 km or 260 mi	Krasnogorsk	$1056
421 km or 262 mi	Kirov	$648
434 km or 270 mi	Tambov	$694
453 km or 281 mi	Syzran	$792
466 km or 289 mi	Tolyatti	$789
469 km or 291 mi	Tula	$974
477 km or 297 mi	Cherepovets	$604
482 km or 300 mi	Obninsk	$791
492 km or 305 mi	Nizhnekamsk	$771
498 km or 310 mi	Tver	$775
501 km or 311 mi	Lipetsk	$635
522 km or 324 mi	Naberezhnye Chelny	$868
525 km or 326 mi	Samara	$845
527 km or 328 mi	Kaluga	$691
536 km or 333 mi	Balakovo	$748
544 km or 338 mi	Almetyevsk	$830
549 km or 341 mi	Saratov	$895
558 km or 347 mi	Engels	$873

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$3092
9.8 km or 6.1 mi	Hafnarfjorur	$3106
38 km or 24 mi	Keflavik	$2581
247 km or 153 mi	Akureyri	$2921
795 km or 494 mi	Torshavn	$2017
1204 km or 748 mi	Inverness	$2005
1230 km or 764 mi	Elgin	$1523
1300 km or 808 mi	Derry	$1646
1309 km or 813 mi	Greenock	$1647
1321 km or 821 mi	Aberdeen	$1806
1325 km or 823 mi	Perth	$1640
1328 km or 825 mi	Stirling	$1835
1331 km or 827 mi	Paisley	$1885
1333 km or 828 mi	Alloa	$1842
1337 km or 831 mi	Glasgow	$2114
1339 km or 832 mi	Dundee	$1593
1340 km or 833 mi	Omagh	$1763
1341 km or 833 mi	Cumbernauld	$1611
1342 km or 834 mi	Irvine	$1704
1348 km or 838 mi	East Kilbride	$1878
1349 km or 838 mi	Kilmarnock	$1600
1351 km or 839 mi	Dunfermline	$1750
1353 km or 841 mi	Hamilton	$1831
1357 km or 843 mi	Ayr	$1586
1360 km or 845 mi	Kirkcaldy	$1794
1365 km or 848 mi	Livingston	$1760
1372 km or 852 mi	Edinburgh	$2295
1382 km or 859 mi	Newtownabbey	$1820
1387 km or 862 mi	Belfast	$1878
1390 km or 864 mi	Bangor	$1485
1391 km or 864 mi	Lisburn	$1923
1401 km or 871 mi	Alesund	$2021
1413 km or 878 mi	Galway	$3003
1425 km or 886 mi	Dundalk	$2264
1431 km or 889 mi	Dumfries	$1456
1433 km or 891 mi	Nuuk	$2508
1441 km or 895 mi	Molde	$2101
1454 km or 903 mi	Kristiansund	$1944
1455 km or 904 mi	Drogheda	$2518
1455 km or 904 mi	Bergen	$2336