Prague vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	Prague	Reykjavik
🚶 Cost of living one person	$1513	$2938
👨‍👩‍👧‍👦 Cost of living Family	$3601	$5875
🏠 One person rent	$911	$1801
🏘️ Family rent	$1611	$2674
🍽️ Food expenses	$368	$827
🚐 Transport expenses	$108	$90.1
💳 Monthly salary after tax	$1829	$3761
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	10 km	4 km
🎓 Higher education	93	53
😀 Quality of life	87	89
🏙️ Population	1.38M	140K

The cost of living in Prague is 49% less expensive than in Reykjavik. Cities ranked 3363rd and 200th ($1513 vs $2938) in the list of the most expensive cities in the world and ranked 2nd and 1st in the Czech Republic and Iceland, respectively. Check the Czech Republic vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.2 months in Prague compared to 1.3 months in Reykjavik. Prague ranked 1st best city to live in the Czech Republic vs Reykjavik ranked 1st in Iceland, while ranked 285th and 194th among best cities to live in the world.

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Cost of living in Prague vs Reykjavik infographic

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

Prices in Prague vs Reykjavik

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

	Prague	Reykjavik
Eating Out
🍱 Lunch Menu	$8.47	$21.5
🥂 Dinner in a Restaurant, for 2	$38.4	$137
🥪 Fast food meal, equiv. McDonald's	$8.22	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.41	$10.8
☕ Cappuccino	$3.1	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.64	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$901	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$685	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1728	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1240	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$164	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$254	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$19.2	$71.4
🏦 Mortgage Interest Rate for 20 Years	5.2%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$7481	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5304	$5599
Transportation
🚌 Local transport ticket	$1.26	$4.52
🎟️ Monthly ticket local transport	$22.7	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$14	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.62	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$1.11	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$1.27	$3.74
🍚 Rice, 1 kg or 2.2 lb	$1.84	$3.24
🥚 Eggs, x12	$2.92	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$12.4	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$9.04	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$11.6	$37
🍏 Apples, 1 kg or 2.2 lb	$1.75	$2.94
🍌 Banana, 1 kg or 2.2 lb	$1.65	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$2.03	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$3.14	$4.73
🥔 Potato, 1 kg or 2.2 lb	$1.19	$3.26
🧅 Onion, 1 kg or 2.2 lb	$1.13	$2.11
🌊 Water, 1 L or 1 qt	$0.48	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.72	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$6.11	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$0.96	$3.26
🚬 Cigarette pack	$6.33	$12.3
💊 Cold medicince, 1 week	$9.21	$10.4
🧴 Hair Shampoo	$4.28	$5.23
🧻 Toilet paper, 4 rolls	$2.77	$4.55
👄 Toothpaste, 1 tube	$3.51	$3.2
Other
🏋️ Gym Membership, 1 month	$62.7	$73.2
🎫 Cinema Ticket, 1 person	$10.3	$15.9
👩‍⚕️ Doctor's visit	$50.6	$82.2
💇 Haircut, simple	$16.9	$45.6
👖 Brand Jeans	$76.6	$128
👟 Brand Sneakers	$92.6	$162
👶 Daycare or Preschool, 1 month	$758	$279
🏫 International Primary School, 1 year	$12277	$2532

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Prague

Distance	City	Cost of living
1.2 km or 0.7 mi	Smichov	$1371
3.3 km or 2.1 mi	Zizkov	$1370
4.2 km or 2.6 mi	Brevnov	$1356
23 km or 14 mi	Kladno	$1216
51 km or 31 mi	Mlada Boleslav	$1092
53 km or 33 mi	Pribram	$1166
54 km or 34 mi	Litomerice	$1092
56 km or 35 mi	Kolin	$1795
68 km or 42 mi	Ceska Lipa	$1081
69 km or 43 mi	Usti nad Labem	$971
72 km or 45 mi	Most	$942
75 km or 46 mi	Teplice	$880
76 km or 47 mi	Tabor	$1163
78 km or 49 mi	Decin	$1048
81 km or 50 mi	Litvinov	$1314
83 km or 52 mi	Chomutov	$1033
83 km or 52 mi	Plzen	$1135
88 km or 55 mi	Pisek	$1159
89 km or 55 mi	Liberec	$1030
89 km or 56 mi	Jablonec nad Nisou	$950
95 km or 59 mi	Zittau	$1352
97 km or 61 mi	Pardubice	$1088
99 km or 61 mi	Strakonice	$1150
99 km or 61 mi	Havlickuv Brod	$1112
100 km or 62 mi	Chrudim	$1092
102 km or 63 mi	Hradec Kralove	$1107
103 km or 64 mi	Pirna	$1352
111 km or 69 mi	Klatovy	$1121
111 km or 69 mi	Karlovy Vary	$979
114 km or 71 mi	Jihlava	$974
115 km or 71 mi	Annaberg-Buchholz	$1307
117 km or 73 mi	Freital	$1347
118 km or 73 mi	Dresden	$1402
119 km or 74 mi	Trutnov	$1059
119 km or 74 mi	Freiberg	$1202
122 km or 76 mi	Bautzen	$1420
123 km or 77 mi	Ceske Budejovice	$1227
125 km or 78 mi	Radebeul	$1351
126 km or 78 mi	Gorlitz	$1362
127 km or 79 mi	Sokolov	$1120

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