Prague vs Reykjavik - Cost of Living Comparison

Updated: October 14, 2025

	Prague	Reykjavik
🚶 Cost of living one person	$1778	$3268
👨‍👩‍👧‍👦 Cost of living Family	$4184	$6787
🏠 One person rent	$1098	$2025
🏘️ Family rent	$1897	$3029
🍽️ Food expenses	$426	$894
🚐 Transport expenses	$121	$101
💳 Monthly salary after tax	$2284	$4361
😷 Air quality	Good	Excellent
✈️ Airport proximity	10 km	4 km
🎓 Higher education	93	52
😀 Quality of life	89	91
🏙️ Population	1.4M	140K

The cost of living in Prague is 46% less expensive than in Reykjavik. Cities ranked 2821st and 88th ($1778 vs $3268) 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 1.3 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 277th and 191st 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	$9.76	$27.9
🥂 Dinner in a Restaurant, for 2	$46	$79.5
🥪 Fast food meal, equiv. McDonald's	$9.37	$20.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.73	$13
☕ Cappuccino	$3.77	$6.12
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.97	$3.33
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1073	$2075
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$830	$1851
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1910	$3279
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1487	$2774
🔌 Utility Bill one person, electricity, heating, water, etc.	$196	$45.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$303	$70.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$23.1	$84
🏦 Mortgage Interest Rate for 20 Years	4.74%	9.56%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$10023	$8015
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$7034	$6578
Transportation
🚌 Local transport ticket	$1.44	$5.36
🎟️ Monthly ticket local transport	$26.3	$88.4
🚕 Taxi Ride, 8 km or 5 mi	$15.6	$28.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.76	$2.55
Groceries
🥛 Milk, 1 L or 1 qt	$1.33	$2.04
🍞 Bread, 0.5 kg or 1.1 lb	$1.59	$4.43
🍚 Rice, 1 kg or 2.2 lb	$2.11	$3.55
🥚 Eggs, x12	$4.07	$6.58
🧀 Cheese, 1 kg or 2.2 lb	$13.5	$19.1
🐔 Chicken Breast, 1 kg or 2.2 lb	$10	$25
🥩 Round Steak, 1 kg or 2.2 lb	$13.4	$41.5
🍏 Apples, 1 kg or 2.2 lb	$2.22	$3.59
🍌 Banana, 1 kg or 2.2 lb	$1.9	$2.58
🍊 Oranges, 1 kg or 2.2 lb	$2.33	$3.35
🍅 Tomato, 1 kg or 2.2 lb	$3.73	$5.57
🥔 Potato, 1 kg or 2.2 lb	$1.37	$3.7
🧅 Onion, 1 kg or 2.2 lb	$1.26	$2.56
🌊 Water, 1 L or 1 qt	$0.56	$1.27
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.93	$3.04
🍾 Wine (mid-priced), 750 mL bottle	$7.36	$25.5
🍺 Beer, 0.5 L or 16 fl oz	$1.15	$3.79
🚬 Cigarette pack	$7.48	$13.6
💊 Cold medicince, 1 week	$10.4	$12.9
🧴 Hair Shampoo	$4.88	$5.86
🧻 Toilet paper, 4 rolls	$3.23	$5.2
👄 Toothpaste, 1 tube	$4.02	$3.63
Other
🏋️ Gym Membership, 1 month	$69.1	$88.2
🎫 Cinema Ticket, 1 person	$11.9	$18
👩‍⚕️ Doctor's visit	$42.9	$92.8
💇 Haircut, simple	$18.5	$46
👖 Brand Jeans	$80.9	$144
👟 Brand Sneakers	$106	$194
👶 Daycare or Preschool, 1 month	$994	$352
🏫 International Primary School, 1 year	$15329	$30378

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	$1601
3.3 km or 2.1 mi	Zizkov	$1580
4.2 km or 2.6 mi	Brevnov	$1564
23 km or 14 mi	Kladno	$1337
51 km or 31 mi	Mlada Boleslav	$1187
53 km or 33 mi	Pribram	$1104
54 km or 34 mi	Litomerice	$1196
56 km or 35 mi	Kolin	$1915
68 km or 42 mi	Ceska Lipa	$1211
69 km or 43 mi	Usti nad Labem	$1063
72 km or 45 mi	Most	$1028
75 km or 46 mi	Teplice	$986
76 km or 47 mi	Tabor	$1074
78 km or 49 mi	Decin	$1182
81 km or 50 mi	Litvinov	$1489
83 km or 52 mi	Chomutov	$1125
83 km or 52 mi	Plzen	$1317
88 km or 55 mi	Pisek	$1209
89 km or 55 mi	Liberec	$1195
89 km or 56 mi	Jablonec nad Nisou	$1152
95 km or 59 mi	Zittau	$1427
97 km or 61 mi	Pardubice	$1195
99 km or 61 mi	Strakonice	$1223
99 km or 61 mi	Havlickuv Brod	$1216
100 km or 62 mi	Chrudim	$1212
102 km or 63 mi	Hradec Kralove	$1257
103 km or 64 mi	Pirna	$1473
111 km or 69 mi	Klatovy	$1236
111 km or 69 mi	Karlovy Vary	$1117
114 km or 71 mi	Jihlava	$1103
115 km or 71 mi	Annaberg-Buchholz	$1401
117 km or 73 mi	Freital	$1490
118 km or 73 mi	Dresden	$1555
119 km or 74 mi	Trutnov	$953
119 km or 74 mi	Freiberg	$1301
122 km or 76 mi	Bautzen	$1432
123 km or 77 mi	Ceske Budejovice	$1308
125 km or 78 mi	Radebeul	$1485
126 km or 78 mi	Gorlitz	$1428
127 km or 79 mi	Sokolov	$1284

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$3175
9.8 km or 6.1 mi	Hafnarfjorur	$3148
38 km or 24 mi	Keflavik	$2596
247 km or 153 mi	Akureyri	$2990
795 km or 494 mi	Torshavn	$2077
1204 km or 748 mi	Inverness	$2021
1230 km or 764 mi	Elgin	$1507
1300 km or 808 mi	Derry	$1551
1309 km or 813 mi	Greenock	$1575
1321 km or 821 mi	Aberdeen	$1769
1325 km or 823 mi	Perth	$1641
1328 km or 825 mi	Stirling	$1711
1331 km or 827 mi	Paisley	$1837
1333 km or 828 mi	Alloa	$1762
1337 km or 831 mi	Glasgow	$2058
1339 km or 832 mi	Dundee	$1480
1340 km or 833 mi	Omagh	$1703
1341 km or 833 mi	Cumbernauld	$1619
1342 km or 834 mi	Irvine	$1630
1348 km or 838 mi	East Kilbride	$1840
1349 km or 838 mi	Kilmarnock	$1527
1351 km or 839 mi	Dunfermline	$1728
1353 km or 841 mi	Hamilton	$1797
1357 km or 843 mi	Ayr	$1522
1360 km or 845 mi	Kirkcaldy	$1768
1365 km or 848 mi	Livingston	$1775
1372 km or 852 mi	Edinburgh	$2310
1382 km or 859 mi	Newtownabbey	$1808
1387 km or 862 mi	Belfast	$1884
1390 km or 864 mi	Bangor	$1484
1391 km or 864 mi	Lisburn	$1879
1401 km or 871 mi	Alesund	$1797
1413 km or 878 mi	Galway	$2768
1425 km or 886 mi	Dundalk	$1955
1431 km or 889 mi	Dumfries	$1485
1433 km or 891 mi	Nuuk	$2217
1441 km or 895 mi	Molde	$1986
1454 km or 903 mi	Kristiansund	$1887
1455 km or 904 mi	Drogheda	$2902
1455 km or 904 mi	Bergen	$2242