Reykjavik vs Santiago - Cost of Living Comparison

Updated: March 01, 2024

	Reykjavik	Santiago
🚶 Cost of living one person	$2723	$1075
👨‍👩‍👧‍👦 Cost of living Family	$5671	$2623
🏠 One person rent	$1643	$486
🏘️ Family rent	$2600	$869
🍽️ Food expenses	$800	$347
🚐 Transport expenses	$86.1	$153
💳 Monthly salary after tax	$3682	$674
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	4 km	13 km
🎓 Higher education	53	91
😀 Quality of life	89	77
🏙️ Population	140K	6.26M

The cost of living in Reykjavik is 153% more expensive than in Santiago. Cities ranked 344th and 4828th ($2723 vs $1075) in the list of the most expensive cities in the world and ranked 1st and 1st 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 0.6 months in Santiago. Reykjavik ranked 1st best city to live in Iceland vs Santiago ranked 1st in Chile, while ranked 152nd and 685th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Reykjavik vs Santiago infographic

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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	$21.6	$10.7
🥂 Dinner in a Restaurant, for 2	$125	$41.8
🥪 Fast food meal, equiv. McDonald's	$16.9	$8.19
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$10.9	$3.11
☕ Cappuccino	$5.05	$3.46
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.94	$1.5
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1659	$487
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1492	$368
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2694	$862
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2395	$705
🔌 Utility Bill one person, electricity, heating, water, etc.	$52.4	$73.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$80.5	$113
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$64.8	$20.2
🏦 Mortgage Interest Rate for 20 Years	8.07%	5.39%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$6252	$2369
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$4951	$2543
Transportation
🚌 Local transport ticket	$4.13	$0.82
🎟️ Monthly ticket local transport	$66.6	$41.7
🚕 Taxi Ride, 8 km or 5 mi	$26.3	$10.2
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.28	$1.33
Groceries
🥛 Milk, 1 L or 1 qt	$1.65	$1.18
🍞 Bread, 0.5 kg or 1.1 lb	$3.71	$1.26
🍚 Rice, 1 kg or 2.2 lb	$3.27	$1.34
🥚 Eggs, x12	$6.03	$3.6
🧀 Cheese, 1 kg or 2.2 lb	$15.4	$11.3
🐔 Chicken Breast, 1 kg or 2.2 lb	$19.8	$6.11
🥩 Round Steak, 1 kg or 2.2 lb	$31	$12.4
🍏 Apples, 1 kg or 2.2 lb	$3.2	$1.87
🍌 Banana, 1 kg or 2.2 lb	$2.12	$1.6
🍊 Oranges, 1 kg or 2.2 lb	$2.81	$1.74
🍅 Tomato, 1 kg or 2.2 lb	$4.84	$1.72
🥔 Potato, 1 kg or 2.2 lb	$3.07	$1.55
🧅 Onion, 1 kg or 2.2 lb	$2.14	$1.39
🌊 Water, 1 L or 1 qt	$1.44	$0.8
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.53	$2.01
🍾 Wine (mid-priced), 750 mL bottle	$20	$5.76
🍺 Beer, 0.5 L or 16 fl oz	$3.08	$1.3
🚬 Cigarette pack	$11.8	$5.06
💊 Cold medicince, 1 week	$11.6	$4.12
🧴 Hair Shampoo	$5.21	$4.01
🧻 Toilet paper, 4 rolls	$4.67	$2.09
👄 Toothpaste, 1 tube	$3.24	$2.43
Other
🏋️ Gym Membership, 1 month	$63.3	$43.3
🎫 Cinema Ticket, 1 person	$14.5	$5.76
👩‍⚕️ Doctor's visit	$83	$36.1
💇 Haircut, simple	$37.2	$15.9
👖 Brand Jeans	$105	$48.6
👟 Brand Sneakers	$142	$70.2
👶 Daycare or Preschool, 1 month	$239	$382
🏫 International Primary School, 1 year	$6072	$6400

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	$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 Santiago

Distance	City	Cost of living
17 km or 11 mi	San Bernardo	$763
20 km or 12 mi	Puente Alto	$862
69 km or 43 mi	Los Andes	$743
78 km or 48 mi	San Felipe	$699
80 km or 50 mi	Rancagua	$785
80 km or 50 mi	Villa Alemana	$827
83 km or 52 mi	Quillota	$828
85 km or 53 mi	Quilpue	$825
89 km or 55 mi	San Antonio	$1044
95 km or 59 mi	Vina del Mar	$854
99 km or 62 mi	Valparaiso	$888
130 km or 80 mi	San Fernando	$781
179 km or 111 mi	Curico	$730
181 km or 112 mi	Godoy Cruz	$450
182 km or 113 mi	Mendoza	$433
185 km or 115 mi	Las Heras	$451
208 km or 129 mi	San Martin	$450
238 km or 148 mi	Talca	$724
251 km or 156 mi	San Rafael	$429
264 km or 164 mi	Constitucion	$768
280 km or 174 mi	Linares	$816
292 km or 181 mi	San Juan	$680
321 km or 199 mi	Ovalle	$747
375 km or 233 mi	Chillan	$693
394 km or 245 mi	Coquimbo	$761
398 km or 247 mi	La Serena	$782
401 km or 249 mi	San Luis	$356
409 km or 254 mi	Tome	$753
426 km or 265 mi	Talcahuano	$686
434 km or 269 mi	Concepcion	$870
455 km or 283 mi	Coronel	$810
456 km or 284 mi	Lujan	$439
464 km or 288 mi	Lota	$794
472 km or 294 mi	Los Angeles	$757
482 km or 300 mi	Villa Mercedes	$418
508 km or 316 mi	Curanilahue	$776
518 km or 322 mi	Angol	$771
542 km or 337 mi	Vallenar	$760
576 km or 358 mi	La Rioja	$368
588 km or 366 mi	Rio Cuarto	$440