Nizhny Novgorod vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	Nizhny Novgorod	Reykjavik
🚶 Cost of living one person	$717	$2938
👨‍👩‍👧‍👦 Cost of living Family	$1828	$5875
🏠 One person rent	$328	$1801
🏘️ Family rent	$616	$2674
🍽️ Food expenses	$263	$827
🚐 Transport expenses	$48.5	$90.1
💳 Monthly salary after tax	$647	$3761
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	46	53
😀 Quality of life	55	89
🏙️ Population	1.2M	140K

The cost of living in Nizhny Novgorod is 76% less expensive than in Reykjavik. Cities ranked 6811th and 200th ($717 vs $2938) in the list of the most expensive cities in the world and ranked 24th 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 1.3 months in Reykjavik. Nizhny Novgorod ranked 15th best city to live in Russia vs Reykjavik ranked 1st in Iceland, while ranked 5853rd and 194th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Nizhny Novgorod vs Reykjavik infographic

Share this infographic!

Use the link below to embed the infographic from our site and automatically keep the data layer up to date.

If you prefer to download the image, please credit us as a source.

<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	$9.04	$21.5
🥂 Dinner in a Restaurant, for 2	$34.4	$137
🥪 Fast food meal, equiv. McDonald's	$4.95	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.13	$10.8
☕ Cappuccino	$2.06	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$0.92	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$352	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$238	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$737	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$462	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$60.5	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$92.3	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$6.55	$71.4
🏦 Mortgage Interest Rate for 20 Years	14.62%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2295	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1448	$5599
Transportation
🚌 Local transport ticket	$0.4	$4.52
🎟️ Monthly ticket local transport	$15.9	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$5.97	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.65	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$0.9	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$0.49	$3.74
🍚 Rice, 1 kg or 2.2 lb	$1.17	$3.24
🥚 Eggs, x12	$1.41	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$8.46	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$4.28	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$8.35	$37
🍏 Apples, 1 kg or 2.2 lb	$1.34	$2.94
🍌 Banana, 1 kg or 2.2 lb	$1.42	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$1.72	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$2.09	$4.73
🥔 Potato, 1 kg or 2.2 lb	$0.52	$3.26
🧅 Onion, 1 kg or 2.2 lb	$0.52	$2.11
🌊 Water, 1 L or 1 qt	$0.38	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.38	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$6.78	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$0.93	$3.26
🚬 Cigarette pack	$2.52	$12.3
💊 Cold medicince, 1 week	$8.16	$10.4
🧴 Hair Shampoo	$2.83	$5.23
🧻 Toilet paper, 4 rolls	$1.24	$4.55
👄 Toothpaste, 1 tube	$1.18	$3.2
Other
🏋️ Gym Membership, 1 month	$27.8	$73.2
🎫 Cinema Ticket, 1 person	$5.03	$15.9
👩‍⚕️ Doctor's visit	$15	$82.2
💇 Haircut, simple	$5.65	$45.6
👖 Brand Jeans	$72.2	$128
👟 Brand Sneakers	$90.7	$162
👶 Daycare or Preschool, 1 month	$303	$279
🏫 International Primary School, 1 year	$4568	$2532

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	$636
198 km or 123 mi	Ivanovo	$554
202 km or 125 mi	Cheboksary	$592
223 km or 139 mi	Vladimir	$681
241 km or 150 mi	Yoshkar-Ola	$537
245 km or 152 mi	Kostroma	$540
250 km or 155 mi	Saransk	$438
290 km or 180 mi	Yaroslavl	$523
323 km or 200 mi	Kazan	$734
331 km or 205 mi	Ryazan	$564
350 km or 217 mi	Elektrostal	$719
353 km or 220 mi	Penza	$524
355 km or 221 mi	Ulyanovsk	$559
366 km or 227 mi	Rybinsk	$675
380 km or 236 mi	Balashikha	$676
386 km or 240 mi	Korolyov	$743
387 km or 240 mi	Lyubertsy	$867
391 km or 243 mi	Mytishchi	$622
402 km or 250 mi	Moscow	$1244
403 km or 250 mi	Vologda	$528
410 km or 255 mi	Khimki	$786
415 km or 258 mi	Podolsk	$633
418 km or 260 mi	Krasnogorsk	$791
421 km or 262 mi	Kirov	$508
434 km or 270 mi	Tambov	$561
453 km or 281 mi	Syzran	$590
466 km or 289 mi	Tolyatti	$612
469 km or 291 mi	Tula	$552
477 km or 297 mi	Cherepovets	$584
482 km or 300 mi	Obninsk	$609
492 km or 305 mi	Nizhnekamsk	$580
498 km or 310 mi	Tver	$639
501 km or 311 mi	Lipetsk	$430
522 km or 324 mi	Naberezhnye Chelny	$613
525 km or 326 mi	Samara	$656
527 km or 328 mi	Kaluga	$538
536 km or 333 mi	Balakovo	$605
544 km or 338 mi	Almetyevsk	$593
549 km or 341 mi	Saratov	$555
558 km or 347 mi	Engels	$557

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