Prague vs Reykjavik - Cost of Living Comparison

Updated: October 10, 2024

	Prague	Reykjavik
🚶 Cost of living one person	$1641	$2915
👨‍👩‍👧‍👦 Cost of living Family	$3833	$5968
🏠 One person rent	$1005	$1781
🏘️ Family rent	$1751	$2749
🍽️ Food expenses	$390	$832
🚐 Transport expenses	$108	$88.7
💳 Monthly salary after tax	$1865	$3918
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	10 km	4 km
🎓 Higher education	92	53
😀 Quality of life	86	89
🏙️ Population	1.38M	140K

The cost of living in Prague is 44% less expensive than in Reykjavik. Cities ranked 3084th and 204th ($1641 vs $2915) 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 1.1 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 292nd and 189th among best cities to live in the world.

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Cost of living in Prague vs Reykjavik infographic

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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	$9.73	$22
🥂 Dinner in a Restaurant, for 2	$45.3	$125
🥪 Fast food meal, equiv. McDonald's	$8.88	$18.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.51	$11.1
☕ Cappuccino	$3.28	$5.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.77	$3.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1012	$1809
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$756	$1626
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1872	$2822
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1359	$2552
🔌 Utility Bill one person, electricity, heating, water, etc.	$175	$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$267	$68.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$22.5	$74.1
🏦 Mortgage Interest Rate for 20 Years	5.65%	8.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$7685	$6498
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5446	$5311
Transportation
🚌 Local transport ticket	$1.32	$4.63
🎟️ Monthly ticket local transport	$24.2	$77.2
🚕 Taxi Ride, 8 km or 5 mi	$13.1	$24.8
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.74	$2.29
Groceries
🥛 Milk, 1 L or 1 qt	$1.12	$1.72
🍞 Bread, 0.5 kg or 1.1 lb	$1.5	$3.66
🍚 Rice, 1 kg or 2.2 lb	$1.9	$3.25
🥚 Eggs, x12	$2.74	$5.9
🧀 Cheese, 1 kg or 2.2 lb	$12.9	$16
🐔 Chicken Breast, 1 kg or 2.2 lb	$8.67	$21.4
🥩 Round Steak, 1 kg or 2.2 lb	$12.7	$37.6
🍏 Apples, 1 kg or 2.2 lb	$1.71	$3.07
🍌 Banana, 1 kg or 2.2 lb	$1.66	$2.29
🍊 Oranges, 1 kg or 2.2 lb	$2.12	$2.72
🍅 Tomato, 1 kg or 2.2 lb	$3.3	$4.99
🥔 Potato, 1 kg or 2.2 lb	$1.29	$3.21
🧅 Onion, 1 kg or 2.2 lb	$1.35	$2.16
🌊 Water, 1 L or 1 qt	$0.5	$1.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.89	$2.74
🍾 Wine (mid-priced), 750 mL bottle	$6.79	$22
🍺 Beer, 0.5 L or 16 fl oz	$1.06	$3.27
🚬 Cigarette pack	$6.93	$12.2
💊 Cold medicince, 1 week	$9.33	$11.6
🧴 Hair Shampoo	$3.79	$5.36
🧻 Toilet paper, 4 rolls	$2.84	$4.68
👄 Toothpaste, 1 tube	$3.3	$3.32
Other
🏋️ Gym Membership, 1 month	$64.8	$71.8
🎫 Cinema Ticket, 1 person	$11.1	$15.1
👩‍⚕️ Doctor's visit	$54.1	$84.7
💇 Haircut, simple	$18.2	$47.4
👖 Brand Jeans	$89.2	$112
👟 Brand Sneakers	$102	$155
👶 Daycare or Preschool, 1 month	$723	$254
🏫 International Primary School, 1 year	$12545	$6167

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	$1474
3.3 km or 2.1 mi	Zizkov	$1468
4.2 km or 2.6 mi	Brevnov	$1451
23 km or 14 mi	Kladno	$1244
51 km or 31 mi	Mlada Boleslav	$1216
53 km or 33 mi	Pribram	$1196
54 km or 34 mi	Litomerice	$1103
56 km or 35 mi	Kolin	$1150
68 km or 42 mi	Ceska Lipa	$1130
69 km or 43 mi	Usti nad Labem	$978
72 km or 45 mi	Most	$957
75 km or 46 mi	Teplice	$929
76 km or 47 mi	Tabor	$1198
78 km or 49 mi	Decin	$1107
81 km or 50 mi	Litvinov	$1362
83 km or 52 mi	Chomutov	$1051
83 km or 52 mi	Plzen	$1185
88 km or 55 mi	Pisek	$1186
89 km or 55 mi	Liberec	$1106
89 km or 56 mi	Jablonec nad Nisou	$1035
95 km or 59 mi	Zittau	$1353
97 km or 61 mi	Pardubice	$1122
99 km or 61 mi	Strakonice	$1176
99 km or 61 mi	Havlickuv Brod	$1163
100 km or 62 mi	Chrudim	$1668
102 km or 63 mi	Hradec Kralove	$1142
103 km or 64 mi	Pirna	$1393
111 km or 69 mi	Klatovy	$1159
111 km or 69 mi	Karlovy Vary	$1024
114 km or 71 mi	Jihlava	$1016
115 km or 71 mi	Annaberg-Buchholz	$1261
117 km or 73 mi	Freital	$1404
118 km or 73 mi	Dresden	$1462
119 km or 74 mi	Trutnov	$1195
119 km or 74 mi	Freiberg	$1215
122 km or 76 mi	Bautzen	$1377
123 km or 77 mi	Ceske Budejovice	$1237
125 km or 78 mi	Radebeul	$1413
126 km or 78 mi	Gorlitz	$1364
127 km or 79 mi	Sokolov	$1141

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