Reykjavik vs Riga - Cost of Living Comparison

Updated:

Livingcost

Reykjavik Riga
🚶 Cost of living one person
$2723
$1135
👨‍👩‍👧‍👦 Cost of living Family
$5671
$2798
🏠 One person rent
$1643
$549
🏘️ Family rent
$2600
$919
🍽️ Food expenses
$800
$385
🚐 Transport expenses
$86.1
$80.4
💳 Monthly salary after tax
$3682
$1220
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
4 km
9 km
🎓 Higher education
53
61
😀 Quality of life
89
79
🏙️ Population
140K
606K

The cost of living in Reykjavik is 140% more expensive than in Riga. Cities ranked 344th and 4604th ($2723 vs $1135) 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 1.1 months in Riga. Reykjavik ranked 1st best city to live in Iceland vs Riga ranked 1st in Latvia, while ranked 152nd and 535th 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
$21.6
$9.68
🥂 Dinner in a Restaurant, for 2
$125
$52.8
🥪 Fast food meal, equiv. McDonald's
$16.9
$7.58
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.9
$4.97
 Cappuccino
$5.05
$3.49
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.94
$1.65
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1659
$485
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1492
$314
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2694
$885
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2395
$549
🔌 Utility Bill one person, electricity, heating, water, etc.
$52.4
$184
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$80.5
$286
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$64.8
$16.7
🏦 Mortgage Interest Rate for 20 Years
8.07%
4.14%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6252
$2627
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4951
$1636
Transportation
🚌 Local transport ticket
$4.13
$1.61
🎟️ Monthly ticket local transport
$66.6
$33.3
🚕 Taxi Ride, 8 km or 5 mi
$26.3
$10.2
 Gas / Petrol, 1 L or 0.26 gal
$2.28
$1.78
Groceries
🥛 Milk, 1 L or 1 qt
$1.65
$1.33
🍞 Bread, 0.5 kg or 1.1 lb
$3.71
$1.28
🍚 Rice, 1 kg or 2.2 lb
$3.27
$2.19
🥚 Eggs, x12
$6.03
$2.84
🧀 Cheese, 1 kg or 2.2 lb
$15.4
$11.3
🐔 Chicken Breast, 1 kg or 2.2 lb
$19.8
$7.28
🥩 Round Steak, 1 kg or 2.2 lb
$31
$11.5
🍏 Apples, 1 kg or 2.2 lb
$3.2
$1.66
🍌 Banana, 1 kg or 2.2 lb
$2.12
$1.81
🍊 Oranges, 1 kg or 2.2 lb
$2.81
$2.25
🍅 Tomato, 1 kg or 2.2 lb
$4.84
$3.18
🥔 Potato, 1 kg or 2.2 lb
$3.07
$0.85
🧅 Onion, 1 kg or 2.2 lb
$2.14
$1.07
🌊 Water, 1 L or 1 qt
$1.44
$0.59
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.53
$2.17
🍾 Wine (mid-priced), 750 mL bottle
$20
$8.71
🍺 Beer, 0.5 L or 16 fl oz
$3.08
$1.71
🚬 Cigarette pack
$11.8
$5
💊 Cold medicince, 1 week
$11.6
$8.13
🧴 Hair Shampoo
$5.21
$5.4
🧻 Toilet paper, 4 rolls
$4.67
$2.04
👄 Toothpaste, 1 tube
$3.24
$3
Other
🏋️ Gym Membership, 1 month
$63.3
$40.5
🎫 Cinema Ticket, 1 person
$14.5
$10.4
👩‍⚕️ Doctor's visit
$83
$47.7
💇 Haircut, simple
$37.2
$17.4
👖 Brand Jeans
$105
$77.5
👟 Brand Sneakers
$142
$92.1
👶 Daycare or Preschool, 1 month
$239
$464
🏫 International Primary School, 1 year
$6072
$13518

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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
$2304
9.8 km or 6.1 mi Hafnarfjorur
$2460
38 km or 24 mi Keflavik
$2023
247 km or 153 mi Akureyri
$2011
795 km or 494 mi Torshavn
$1952
1204 km or 748 mi Inverness
$1629
1230 km or 764 mi Elgin
$1554
1300 km or 808 mi Derry
$1662
1309 km or 813 mi Greenock
$1524
1321 km or 821 mi Aberdeen
$1681
1325 km or 823 mi Perth
$1537
1328 km or 825 mi Stirling
$1659
1331 km or 827 mi Paisley
$1734
1333 km or 828 mi Alloa
$1670
1337 km or 831 mi Glasgow
$1884
1339 km or 832 mi Dundee
$1527
1340 km or 833 mi Omagh
$1642
1341 km or 833 mi Cumbernauld
$1803
1342 km or 834 mi Irvine
$1514
1348 km or 838 mi East Kilbride
$1748
1349 km or 838 mi Kilmarnock
$1399
1351 km or 839 mi Dunfermline
$1693
1353 km or 841 mi Hamilton
$1731
1357 km or 843 mi Ayr
$1520
1360 km or 845 mi Kirkcaldy
$1800
1365 km or 848 mi Livingston
$1651
1372 km or 852 mi Edinburgh
$2043
1382 km or 859 mi Newtownabbey
$1666
1387 km or 862 mi Belfast
$1741
1390 km or 864 mi Bangor
$1305
1391 km or 864 mi Lisburn
$1643
1401 km or 871 mi Alesund
$1539
1413 km or 878 mi Galway
$2244
1425 km or 886 mi Dundalk
$1869
1431 km or 889 mi Dumfries
$1723
1433 km or 891 mi Nuuk
$2175
1441 km or 895 mi Molde
$1928
1454 km or 903 mi Kristiansund
$1632
1455 km or 904 mi Drogheda
$2391
1455 km or 904 mi Bergen
$1991

Cities near Riga

Distance City Cost of living
21 km or 13 mi Jurmala
$1362
34 km or 21 mi Ogre
$1088
40 km or 25 mi Jelgava
$827
103 km or 64 mi Valmiera
$860
118 km or 74 mi Jekabpils
$927
123 km or 77 mi Siauliai
$827
129 km or 80 mi Mazeikiai
$985
137 km or 85 mi Panevezys
$877
161 km or 100 mi Ventspils
$893
161 km or 100 mi Parnu
$982
174 km or 108 mi Kuressaare
$1080
181 km or 112 mi Viljandi
$909
186 km or 115 mi Utena
$928
190 km or 118 mi Daugavpils
$864
195 km or 121 mi Liepaja
$976
203 km or 126 mi Rezekne
$831
209 km or 130 mi Jonava
$835
223 km or 138 mi Tartu
$1163
228 km or 142 mi Kaunas
$1080
229 km or 142 mi Klaipeda
$981
262 km or 163 mi Vilnius
$1303
270 km or 168 mi Marijampole
$922
271 km or 168 mi Pskov
$461
279 km or 174 mi Tallinn
$1335
283 km or 176 mi Alytus
$850
286 km or 178 mi Maardu
$1194
298 km or 185 mi Rakvere
$920
327 km or 203 mi Suwalki
$1028
330 km or 205 mi Kohtla-Jarve
$933
335 km or 208 mi Kaliningrad
$622
339 km or 211 mi Raseborg
$1438
347 km or 215 mi Sillamae
$906
353 km or 219 mi Kirkkonummi
$1519
357 km or 222 mi Visby
$1345
361 km or 225 mi Narva
$814
362 km or 225 mi Helsinki
$1825
364 km or 226 mi Espoo
$1907
365 km or 227 mi Grodno
$385
365 km or 227 mi Elk
$1013
367 km or 228 mi Lohja
$1257