Reykjavik vs Riga - Cost of Living Comparison

Updated: March 02, 2025

	Reykjavik	Riga
🚶 Cost of living one person	$2938	$1113
👨‍👩‍👧‍👦 Cost of living Family	$5875	$2787
🏠 One person rent	$1801	$532
🏘️ Family rent	$2674	$924
🍽️ Food expenses	$827	$390
🚐 Transport expenses	$90.1	$75.5
💳 Monthly salary after tax	$3761	$1303
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	4 km	9 km
🎓 Higher education	53	61
😀 Quality of life	89	79
🏙️ Population	140K	605K

The cost of living in Reykjavik is 164% more expensive than in Riga. Cities ranked 200th and 4764th ($2938 vs $1113) in the list of the most expensive cities in the world and ranked 1st and 2nd in Iceland and Latvia, respectively. Check Iceland vs Latvia comparison.

The average after-tax salary is enough to cover living expenses for 1.3 months in Reykjavik compared to 1.2 months in Riga. Reykjavik ranked 1st best city to live in Iceland vs Riga ranked 1st in Latvia, while ranked 194th and 596th among best cities to live in the world.

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Cost of living in Reykjavik vs Riga infographic

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

Prices in Reykjavik vs Riga

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

	Reykjavik	Riga
Eating Out
🍱 Lunch Menu	$21.5	$11.7
🥂 Dinner in a Restaurant, for 2	$137	$51.6
🥪 Fast food meal, equiv. McDonald's	$17.9	$7.59
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$10.8	$5.24
☕ Cappuccino	$5.37	$3.49
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.09	$1.47
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1839	$473
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1650	$316
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2869	$915
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2456	$586
🔌 Utility Bill one person, electricity, heating, water, etc.	$42.1	$168
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$64.6	$255
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$71.4	$17.4
🏦 Mortgage Interest Rate for 20 Years	9.41%	4.56%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$6649	$2774
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5599	$1723
Transportation
🚌 Local transport ticket	$4.52	$1.56
🎟️ Monthly ticket local transport	$75.8	$33
🚕 Taxi Ride, 8 km or 5 mi	$26.4	$8.97
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.23	$1.71
Groceries
🥛 Milk, 1 L or 1 qt	$1.66	$1.31
🍞 Bread, 0.5 kg or 1.1 lb	$3.74	$1.33
🍚 Rice, 1 kg or 2.2 lb	$3.24	$2.16
🥚 Eggs, x12	$5.94	$2.75
🧀 Cheese, 1 kg or 2.2 lb	$15.8	$11.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$20.9	$7
🥩 Round Steak, 1 kg or 2.2 lb	$37	$10.8
🍏 Apples, 1 kg or 2.2 lb	$2.94	$1.61
🍌 Banana, 1 kg or 2.2 lb	$2.25	$1.74
🍊 Oranges, 1 kg or 2.2 lb	$2.73	$2.35
🍅 Tomato, 1 kg or 2.2 lb	$4.73	$3.37
🥔 Potato, 1 kg or 2.2 lb	$3.26	$0.93
🧅 Onion, 1 kg or 2.2 lb	$2.11	$0.89
🌊 Water, 1 L or 1 qt	$1.36	$0.54
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.69	$2.34
🍾 Wine (mid-priced), 750 mL bottle	$21.6	$7.81
🍺 Beer, 0.5 L or 16 fl oz	$3.26	$1.71
🚬 Cigarette pack	$12.3	$5.15
💊 Cold medicince, 1 week	$10.4	$8.06
🧴 Hair Shampoo	$5.23	$4.79
🧻 Toilet paper, 4 rolls	$4.55	$1.95
👄 Toothpaste, 1 tube	$3.2	$3.14
Other
🏋️ Gym Membership, 1 month	$73.2	$40.2
🎫 Cinema Ticket, 1 person	$15.9	$10
👩‍⚕️ Doctor's visit	$82.2	$42.9
💇 Haircut, simple	$45.6	$16.8
👖 Brand Jeans	$128	$70.6
👟 Brand Sneakers	$162	$92.5
👶 Daycare or Preschool, 1 month	$279	$488
🏫 International Primary School, 1 year	$2532	$13840

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

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

Cities near Riga

Distance	City	Cost of living
21 km or 13 mi	Jurmala	$1299
34 km or 21 mi	Ogre	$933
40 km or 25 mi	Jelgava	$804
103 km or 64 mi	Valmiera	$835
118 km or 74 mi	Jekabpils	$840
123 km or 77 mi	Siauliai	$953
129 km or 80 mi	Mazeikiai	$983
137 km or 85 mi	Panevezys	$950
161 km or 100 mi	Ventspils	$869
161 km or 100 mi	Parnu	$1064
174 km or 108 mi	Kuressaare	$1064
181 km or 112 mi	Viljandi	$933
186 km or 115 mi	Utena	$936
190 km or 118 mi	Daugavpils	$843
195 km or 121 mi	Liepaja	$953
203 km or 126 mi	Rezekne	$761
209 km or 130 mi	Jonava	$847
223 km or 138 mi	Tartu	$1045
228 km or 142 mi	Kaunas	$1150
229 km or 142 mi	Klaipeda	$969
262 km or 163 mi	Vilnius	$1261
270 km or 168 mi	Marijampole	$882
271 km or 168 mi	Pskov	$467
279 km or 174 mi	Tallinn	$1414
283 km or 176 mi	Alytus	$850
286 km or 178 mi	Maardu	$1219
298 km or 185 mi	Rakvere	$899
327 km or 203 mi	Suwalki	$1016
330 km or 205 mi	Kohtla-Jarve	$973
335 km or 208 mi	Kaliningrad	$741
339 km or 211 mi	Raseborg	$1441
347 km or 215 mi	Sillamae	$952
353 km or 219 mi	Kirkkonummi	$1509
357 km or 222 mi	Visby	$1273
361 km or 225 mi	Narva	$953
362 km or 225 mi	Helsinki	$1816
364 km or 226 mi	Espoo	$1879
365 km or 227 mi	Grodno	$385
365 km or 227 mi	Elk	$1025
367 km or 228 mi	Lohja	$1220