Reykjavik vs Santiago - Cost of Living Comparison

Updated: June 21, 2026

	Reykjavik	Santiago
🚶 Cost of living one person	$3205	$1186
👨‍👩‍👧‍👦 Cost of living Family	$6762	$2931
🏠 One person rent	$1954	$538
🏘️ Family rent	$2956	$937
🍽️ Food expenses	$904	$390
🚐 Transport expenses	$100	$153
💳 Monthly salary after tax	$4423	$860
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	4 km	13 km
🎓 Higher education	53	92
😀 Quality of life	88	81
🏙️ Population	139K	6.26M

The cost of living in Reykjavik is 170% more expensive than in Santiago. Cities ranked 119th and 4785th ($3205 vs $1186) in the list of the most expensive cities in the world and ranked 1st and 2nd in Iceland and Chile, respectively. Check Iceland vs Chile comparison.

The average after-tax salary is enough to cover living expenses for 1.4 months in Reykjavik compared to 0.7 months in Santiago. Reykjavik ranked 1st best city to live in Iceland vs Santiago ranked 1st in Chile, while ranked 258th and 637th among best cities to live in the world.

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the estimated difference in money purchasing power

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

Prices in Reykjavik vs Santiago

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

	Reykjavik	Santiago
Eating Out
🍱 Lunch Menu	$28.3	$11.3
🥂 Dinner in a Restaurant, for 2	$97.9	$50.1
🥪 Fast food meal, equiv. McDonald's	$20	$8.98
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$13.4	$4.3
☕ Cappuccino	$6.5	$3.87
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.26	$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2129	$612
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1743	$387
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$3328	$1129
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2660	$699
🔌 Utility Bill one person, electricity, heating, water, etc.	$52.2	$84.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$80.3	$130
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$82	$21.9
🏦 Mortgage Interest Rate for 20 Years	8.69%	5.35%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$7748	$2854
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$6175	$2901
Transportation
🚌 Local transport ticket	$5.38	$0.87
🎟️ Monthly ticket local transport	$90.3	$44.9
🚕 Taxi Ride, 8 km or 5 mi	$28.9	$8.58
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.12	$1.57
Groceries
🥛 Milk, 1 L or 1 qt	$2.04	$1.36
🍞 Bread, 0.5 kg or 1.1 lb	$4.21	$1.5
🍚 Rice, 1 kg or 2.2 lb	$3.46	$1.54
🥚 Eggs, x12	$6.99	$4.38
🧀 Cheese, 1 kg or 2.2 lb	$20.2	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$24.8	$7.69
🥩 Round Steak, 1 kg or 2.2 lb	$44.1	$11.7
🍏 Apples, 1 kg or 2.2 lb	$3.41	$2.14
🍌 Banana, 1 kg or 2.2 lb	$2.66	$1.65
🍊 Oranges, 1 kg or 2.2 lb	$3.17	$1.96
🍅 Tomato, 1 kg or 2.2 lb	$5.99	$1.98
🥔 Potato, 1 kg or 2.2 lb	$3.65	$1.31
🧅 Onion, 1 kg or 2.2 lb	$1.89	$1.59
🌊 Water, 1 L or 1 qt	$1.16	$0.81
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3	$2.38
🍾 Wine (mid-priced), 750 mL bottle	$23.2	$6.69
🍺 Beer, 0.5 L or 16 fl oz	$3.72	$1.63
🚬 Cigarette pack	$13.5	$5.64
💊 Cold medicince, 1 week	$11.6	$3.92
🧴 Hair Shampoo	$5.76	$4.49
🧻 Toilet paper, 4 rolls	$5.18	$3.16
👄 Toothpaste, 1 tube	$3.63	$2.34
Other
🏋️ Gym Membership, 1 month	$90.3	$39.1
🎫 Cinema Ticket, 1 person	$19.2	$7.23
👩‍⚕️ Doctor's visit	$92.8	$45
💇 Haircut, simple	$47.2	$19.1
👖 Brand Jeans	$146	$56.4
👟 Brand Sneakers	$178	$78.4
👶 Daycare or Preschool, 1 month	$472	$484
🏫 International Primary School, 1 year	$30029	$12174

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	$3092
9.8 km or 6.1 mi	Hafnarfjorur	$3106
38 km or 24 mi	Keflavik	$2581
247 km or 153 mi	Akureyri	$2921
795 km or 494 mi	Torshavn	$2017
1204 km or 748 mi	Inverness	$2005
1230 km or 764 mi	Elgin	$1523
1300 km or 808 mi	Derry	$1646
1309 km or 813 mi	Greenock	$1647
1321 km or 821 mi	Aberdeen	$1806
1325 km or 823 mi	Perth	$1640
1328 km or 825 mi	Stirling	$1835
1331 km or 827 mi	Paisley	$1885
1333 km or 828 mi	Alloa	$1842
1337 km or 831 mi	Glasgow	$2114
1339 km or 832 mi	Dundee	$1593
1340 km or 833 mi	Omagh	$1763
1341 km or 833 mi	Cumbernauld	$1611
1342 km or 834 mi	Irvine	$1704
1348 km or 838 mi	East Kilbride	$1878
1349 km or 838 mi	Kilmarnock	$1600
1351 km or 839 mi	Dunfermline	$1750
1353 km or 841 mi	Hamilton	$1831
1357 km or 843 mi	Ayr	$1586
1360 km or 845 mi	Kirkcaldy	$1794
1365 km or 848 mi	Livingston	$1760
1372 km or 852 mi	Edinburgh	$2295
1382 km or 859 mi	Newtownabbey	$1820
1387 km or 862 mi	Belfast	$1878
1390 km or 864 mi	Bangor	$1485
1391 km or 864 mi	Lisburn	$1923
1401 km or 871 mi	Alesund	$2021
1413 km or 878 mi	Galway	$3003
1425 km or 886 mi	Dundalk	$2264
1431 km or 889 mi	Dumfries	$1456
1433 km or 891 mi	Nuuk	$2508
1441 km or 895 mi	Molde	$2101
1454 km or 903 mi	Kristiansund	$1944
1455 km or 904 mi	Drogheda	$2518
1455 km or 904 mi	Bergen	$2336

Cities near Santiago

Distance	City	Cost of living
17 km or 11 mi	San Bernardo	$807
20 km or 12 mi	Puente Alto	$926
69 km or 43 mi	Los Andes	$801
78 km or 48 mi	San Felipe	$741
80 km or 50 mi	Rancagua	$831
80 km or 50 mi	Villa Alemana	$891
83 km or 52 mi	Quillota	$896
85 km or 53 mi	Quilpue	$904
89 km or 55 mi	San Antonio	$1114
95 km or 59 mi	Vina del Mar	$957
99 km or 62 mi	Valparaiso	$937
130 km or 80 mi	San Fernando	$981
179 km or 111 mi	Curico	$828
181 km or 112 mi	Godoy Cruz	$930
182 km or 113 mi	Mendoza	$930
185 km or 115 mi	Las Heras	$928
208 km or 129 mi	San Martin	$898
238 km or 148 mi	Talca	$876
251 km or 156 mi	San Rafael	$699
264 km or 164 mi	Constitucion	$860
280 km or 174 mi	Linares	$908
292 km or 181 mi	San Juan	$626
321 km or 199 mi	Ovalle	$757
375 km or 233 mi	Chillan	$718
394 km or 245 mi	Coquimbo	$883
398 km or 247 mi	La Serena	$882
401 km or 249 mi	San Luis	$740
409 km or 254 mi	Tome	$788
426 km or 265 mi	Talcahuano	$702
434 km or 269 mi	Concepcion	$923
455 km or 283 mi	Coronel	$848
456 km or 284 mi	Lujan	$788
464 km or 288 mi	Lota	$842
472 km or 294 mi	Los Angeles	$890
482 km or 300 mi	Villa Mercedes	$795
508 km or 316 mi	Curanilahue	$851
518 km or 322 mi	Angol	$872
542 km or 337 mi	Vallenar	$844
576 km or 358 mi	La Rioja	$590
588 km or 366 mi	Rio Cuarto	$895