Reykjavik vs Riga - Cost of Living Comparison

Updated: March 11, 2026

	Reykjavik	Riga
🚶 Cost of living one person	$3322	$1248
👨‍👩‍👧‍👦 Cost of living Family	$6846	$3118
🏠 One person rent	$2058	$588
🏘️ Family rent	$3020	$989
🍽️ Food expenses	$916	$449
🚐 Transport expenses	$102	$82.3
💳 Monthly salary after tax	$4546	$1623
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	4 km	9 km
🎓 Higher education	52	59
😀 Quality of life	89	81
🏙️ Population	139K	595K

The cost of living in Reykjavik is 166% more expensive than in Riga. Cities ranked 86th and 4678th ($3322 vs $1248) 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 1.4 months in Reykjavik compared to 1.3 months in Riga. Reykjavik ranked 1st best city to live in Iceland vs Riga ranked 1st in Latvia, while ranked 268th and 668th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Share this infographic!

Use the link below to embed the infographic from our site and automatically keep the data layer up to date.

If you prefer to download the image, please credit us as a source.

<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	$28.6	$13.5
🥂 Dinner in a Restaurant, for 2	$90.8	$56.9
🥪 Fast food meal, equiv. McDonald's	$20.3	$8.55
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$12.6	$5.82
☕ Cappuccino	$6.19	$3.96
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.25	$1.86
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2151	$558
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1861	$370
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$3373	$984
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2721	$662
🔌 Utility Bill one person, electricity, heating, water, etc.	$51.6	$161
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$81.7	$243
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$87.2	$19.8
🏦 Mortgage Interest Rate for 20 Years	8.79%	4.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$7832	$3224
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$6385	$2056
Transportation
🚌 Local transport ticket	$5.51	$1.79
🎟️ Monthly ticket local transport	$87.9	$36
🚕 Taxi Ride, 8 km or 5 mi	$29.5	$9.82
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.49	$1.86
Groceries
🥛 Milk, 1 L or 1 qt	$1.98	$1.43
🍞 Bread, 0.5 kg or 1.1 lb	$4.44	$1.52
🍚 Rice, 1 kg or 2.2 lb	$3.58	$2.37
🥚 Eggs, x12	$6.83	$3.57
🧀 Cheese, 1 kg or 2.2 lb	$19.7	$13.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$26	$8.56
🥩 Round Steak, 1 kg or 2.2 lb	$44.9	$12.6
🍏 Apples, 1 kg or 2.2 lb	$3.55	$2.07
🍌 Banana, 1 kg or 2.2 lb	$2.67	$1.97
🍊 Oranges, 1 kg or 2.2 lb	$3.41	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$5.8	$3.82
🥔 Potato, 1 kg or 2.2 lb	$3.52	$1.09
🧅 Onion, 1 kg or 2.2 lb	$2.2	$1.11
🌊 Water, 1 L or 1 qt	$1.27	$0.62
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.01	$3.14
🍾 Wine (mid-priced), 750 mL bottle	$24.2	$8.94
🍺 Beer, 0.5 L or 16 fl oz	$3.95	$2.05
🚬 Cigarette pack	$14	$5.97
💊 Cold medicince, 1 week	$12.7	$9.13
🧴 Hair Shampoo	$5.93	$5.47
🧻 Toilet paper, 4 rolls	$5.26	$2.22
👄 Toothpaste, 1 tube	$3.63	$3.57
Other
🏋️ Gym Membership, 1 month	$95.3	$48.9
🎫 Cinema Ticket, 1 person	$18.6	$10.8
👩‍⚕️ Doctor's visit	$93.8	$53.4
💇 Haircut, simple	$46.1	$18.3
👖 Brand Jeans	$144	$79.5
👟 Brand Sneakers	$176	$94.1
👶 Daycare or Preschool, 1 month	$408	$528
🏫 International Primary School, 1 year	$30361	$17597

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	$3219
9.8 km or 6.1 mi	Hafnarfjorur	$3212
38 km or 24 mi	Keflavik	$2621
247 km or 153 mi	Akureyri	$2974
795 km or 494 mi	Torshavn	$2066
1204 km or 748 mi	Inverness	$2053
1230 km or 764 mi	Elgin	$1540
1300 km or 808 mi	Derry	$1620
1309 km or 813 mi	Greenock	$1645
1321 km or 821 mi	Aberdeen	$1848
1325 km or 823 mi	Perth	$1656
1328 km or 825 mi	Stirling	$1852
1331 km or 827 mi	Paisley	$1906
1333 km or 828 mi	Alloa	$1862
1337 km or 831 mi	Glasgow	$2121
1339 km or 832 mi	Dundee	$1585
1340 km or 833 mi	Omagh	$1769
1341 km or 833 mi	Cumbernauld	$1652
1342 km or 834 mi	Irvine	$1707
1348 km or 838 mi	East Kilbride	$1902
1349 km or 838 mi	Kilmarnock	$1568
1351 km or 839 mi	Dunfermline	$1782
1353 km or 841 mi	Hamilton	$1854
1357 km or 843 mi	Ayr	$1588
1360 km or 845 mi	Kirkcaldy	$1821
1365 km or 848 mi	Livingston	$1784
1372 km or 852 mi	Edinburgh	$2331
1382 km or 859 mi	Newtownabbey	$1892
1387 km or 862 mi	Belfast	$1954
1390 km or 864 mi	Bangor	$1496
1391 km or 864 mi	Lisburn	$1945
1401 km or 871 mi	Alesund	$1980
1413 km or 878 mi	Galway	$2978
1425 km or 886 mi	Dundalk	$2179
1431 km or 889 mi	Dumfries	$1490
1433 km or 891 mi	Nuuk	$2363
1441 km or 895 mi	Molde	$2135
1454 km or 903 mi	Kristiansund	$1984
1455 km or 904 mi	Drogheda	$2627
1455 km or 904 mi	Bergen	$2409

Cities near Riga

Distance	City	Cost of living
21 km or 13 mi	Jurmala	$1423
34 km or 21 mi	Ogre	$1027
40 km or 25 mi	Jelgava	$908
103 km or 64 mi	Valmiera	$944
118 km or 74 mi	Jekabpils	$912
123 km or 77 mi	Siauliai	$1001
129 km or 80 mi	Mazeikiai	$903
137 km or 85 mi	Panevezys	$1012
161 km or 100 mi	Ventspils	$994
161 km or 100 mi	Parnu	$1214
174 km or 108 mi	Kuressaare	$1230
181 km or 112 mi	Viljandi	$1083
186 km or 115 mi	Utena	$1003
190 km or 118 mi	Daugavpils	$952
195 km or 121 mi	Liepaja	$1060
203 km or 126 mi	Rezekne	$853
209 km or 130 mi	Jonava	$890
223 km or 138 mi	Tartu	$1232
228 km or 142 mi	Kaunas	$1279
229 km or 142 mi	Klaipeda	$1106
262 km or 163 mi	Vilnius	$1461
270 km or 168 mi	Marijampole	$947
271 km or 168 mi	Pskov	$720
279 km or 174 mi	Tallinn	$1683
283 km or 176 mi	Alytus	$907
286 km or 178 mi	Maardu	$1448
298 km or 185 mi	Rakvere	$1021
327 km or 203 mi	Suwalki	$1133
330 km or 205 mi	Kohtla-Jarve	$1131
335 km or 208 mi	Kaliningrad	$919
339 km or 211 mi	Raseborg	$1606
347 km or 215 mi	Sillamae	$1111
353 km or 219 mi	Kirkkonummi	$1753
357 km or 222 mi	Visby	$1579
361 km or 225 mi	Narva	$1108
362 km or 225 mi	Helsinki	$1990
364 km or 226 mi	Espoo	$2062
365 km or 227 mi	Grodno	$399
365 km or 227 mi	Elk	$1184
367 km or 228 mi	Lohja	$1406