Reykjavik vs Riga - Cost of Living Comparison

Updated:

Livingcost

Reykjavik Riga
🚶 Cost of living one person
$2915
$1169
👨‍👩‍👧‍👦 Cost of living Family
$5968
$2907
🏠 One person rent
$1781
$568
🏘️ Family rent
$2749
$964
🍽️ Food expenses
$832
$392
🚐 Transport expenses
$88.7
$84
💳 Monthly salary after tax
$3918
$1324
😷 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 149% more expensive than in Riga. Cities ranked 204th and 4672nd ($2915 vs $1169) 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 1.1 months in Riga. Reykjavik ranked 1st best city to live in Iceland vs Riga ranked 1st in Latvia, while ranked 189th and 580th among best cities to live in the world.

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Cost of living in Reykjavik vs Riga infographic

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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
$22
$9.53
🥂 Dinner in a Restaurant, for 2
$125
$54.2
🥪 Fast food meal, equiv. McDonald's
$18.5
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$11.1
$5.18
 Cappuccino
$5.35
$3.71
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.27
$1.56
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1809
$510
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1626
$334
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2822
$922
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2552
$598
🔌 Utility Bill one person, electricity, heating, water, etc.
$44.2
$181
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$68.4
$283
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$74.1
$18.2
🏦 Mortgage Interest Rate for 20 Years
8.55%
4.57%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6498
$2784
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$5311
$1763
Transportation
🚌 Local transport ticket
$4.63
$1.67
🎟️ Monthly ticket local transport
$77.2
$34.5
🚕 Taxi Ride, 8 km or 5 mi
$24.8
$10.8
 Gas / Petrol, 1 L or 0.26 gal
$2.29
$1.85
Groceries
🥛 Milk, 1 L or 1 qt
$1.72
$1.31
🍞 Bread, 0.5 kg or 1.1 lb
$3.66
$1.34
🍚 Rice, 1 kg or 2.2 lb
$3.25
$2.3
🥚 Eggs, x12
$5.9
$2.86
🧀 Cheese, 1 kg or 2.2 lb
$16
$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$21.4
$7.36
🥩 Round Steak, 1 kg or 2.2 lb
$37.6
$10.9
🍏 Apples, 1 kg or 2.2 lb
$3.07
$1.61
🍌 Banana, 1 kg or 2.2 lb
$2.29
$1.86
🍊 Oranges, 1 kg or 2.2 lb
$2.72
$2.45
🍅 Tomato, 1 kg or 2.2 lb
$4.99
$3.34
🥔 Potato, 1 kg or 2.2 lb
$3.21
$0.91
🧅 Onion, 1 kg or 2.2 lb
$2.16
$1
🌊 Water, 1 L or 1 qt
$1.37
$0.59
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$2.27
🍾 Wine (mid-priced), 750 mL bottle
$22
$8.61
🍺 Beer, 0.5 L or 16 fl oz
$3.27
$1.8
🚬 Cigarette pack
$12.2
$5.51
💊 Cold medicince, 1 week
$11.6
$8.19
🧴 Hair Shampoo
$5.36
$5.12
🧻 Toilet paper, 4 rolls
$4.68
$2.08
👄 Toothpaste, 1 tube
$3.32
$3.37
Other
🏋️ Gym Membership, 1 month
$71.8
$43.3
🎫 Cinema Ticket, 1 person
$15.1
$10.5
👩‍⚕️ Doctor's visit
$84.7
$46
💇 Haircut, simple
$47.4
$18.4
👖 Brand Jeans
$112
$77.4
👟 Brand Sneakers
$155
$103
👶 Daycare or Preschool, 1 month
$254
$547
🏫 International Primary School, 1 year
$6167
$13962

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Cost of Living in the nearest cities

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

Cities near Riga

Distance City Cost of living
21 km or 13 mi Jurmala
$1377
34 km or 21 mi Ogre
$1111
40 km or 25 mi Jelgava
$856
103 km or 64 mi Valmiera
$893
118 km or 74 mi Jekabpils
$946
123 km or 77 mi Siauliai
$999
129 km or 80 mi Mazeikiai
$1042
137 km or 85 mi Panevezys
$902
161 km or 100 mi Ventspils
$923
161 km or 100 mi Parnu
$1102
174 km or 108 mi Kuressaare
$1151
181 km or 112 mi Viljandi
$966
186 km or 115 mi Utena
$950
190 km or 118 mi Daugavpils
$899
195 km or 121 mi Liepaja
$1029
203 km or 126 mi Rezekne
$817
209 km or 130 mi Jonava
$856
223 km or 138 mi Tartu
$1120
228 km or 142 mi Kaunas
$1191
229 km or 142 mi Klaipeda
$1016
262 km or 163 mi Vilnius
$1341
270 km or 168 mi Marijampole
$886
271 km or 168 mi Pskov
$440
279 km or 174 mi Tallinn
$1447
283 km or 176 mi Alytus
$871
286 km or 178 mi Maardu
$1278
298 km or 185 mi Rakvere
$973
327 km or 203 mi Suwalki
$1061
330 km or 205 mi Kohtla-Jarve
$990
335 km or 208 mi Kaliningrad
$578
339 km or 211 mi Raseborg
$1525
347 km or 215 mi Sillamae
$979
353 km or 219 mi Kirkkonummi
$1608
357 km or 222 mi Visby
$1363
361 km or 225 mi Narva
$846
362 km or 225 mi Helsinki
$1936
364 km or 226 mi Espoo
$2023
365 km or 227 mi Grodno
$390
365 km or 227 mi Elk
$1057
367 km or 228 mi Lohja
$1363