Reykjavik vs Santiago - Cost of Living Comparison

Updated: October 10, 2024

	Reykjavik	Santiago
🚶 Cost of living one person	$2915	$1200
👨‍👩‍👧‍👦 Cost of living Family	$5968	$2937
🏠 One person rent	$1781	$540
🏘️ Family rent	$2749	$964
🍽️ Food expenses	$832	$388
🚐 Transport expenses	$88.7	$169
💳 Monthly salary after tax	$3918	$801
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	4 km	13 km
🎓 Higher education	53	91
😀 Quality of life	89	78
🏙️ Population	140K	6.26M

The cost of living in Reykjavik is 143% more expensive than in Santiago. Cities ranked 204th and 4604th ($2915 vs $1200) 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 1.3 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 189th and 705th 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	$22	$12.2
🥂 Dinner in a Restaurant, for 2	$125	$51.5
🥪 Fast food meal, equiv. McDonald's	$18.5	$8.67
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$11.1	$3.52
☕ Cappuccino	$5.35	$3.58
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.27	$1.72
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1809	$515
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1626	$419
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2822	$989
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2552	$774
🔌 Utility Bill one person, electricity, heating, water, etc.	$44.2	$81.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$68.4	$126
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$74.1	$20.8
🏦 Mortgage Interest Rate for 20 Years	8.55%	5.25%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$6498	$2689
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5311	$2861
Transportation
🚌 Local transport ticket	$4.63	$0.91
🎟️ Monthly ticket local transport	$77.2	$45.3
🚕 Taxi Ride, 8 km or 5 mi	$24.8	$11.6
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.29	$1.46
Groceries
🥛 Milk, 1 L or 1 qt	$1.72	$1.29
🍞 Bread, 0.5 kg or 1.1 lb	$3.66	$1.38
🍚 Rice, 1 kg or 2.2 lb	$3.25	$1.54
🥚 Eggs, x12	$5.9	$4.19
🧀 Cheese, 1 kg or 2.2 lb	$16	$12.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$21.4	$6.53
🥩 Round Steak, 1 kg or 2.2 lb	$37.6	$13.2
🍏 Apples, 1 kg or 2.2 lb	$3.07	$2.05
🍌 Banana, 1 kg or 2.2 lb	$2.29	$1.68
🍊 Oranges, 1 kg or 2.2 lb	$2.72	$2.13
🍅 Tomato, 1 kg or 2.2 lb	$4.99	$1.94
🥔 Potato, 1 kg or 2.2 lb	$3.21	$1.88
🧅 Onion, 1 kg or 2.2 lb	$2.16	$1.54
🌊 Water, 1 L or 1 qt	$1.37	$0.88
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.74	$2.34
🍾 Wine (mid-priced), 750 mL bottle	$22	$6.06
🍺 Beer, 0.5 L or 16 fl oz	$3.27	$1.5
🚬 Cigarette pack	$12.2	$5.39
💊 Cold medicince, 1 week	$11.6	$4.41
🧴 Hair Shampoo	$5.36	$4.77
🧻 Toilet paper, 4 rolls	$4.68	$2.6
👄 Toothpaste, 1 tube	$3.32	$2.99
Other
🏋️ Gym Membership, 1 month	$71.8	$41.7
🎫 Cinema Ticket, 1 person	$15.1	$6.02
👩‍⚕️ Doctor's visit	$84.7	$50.8
💇 Haircut, simple	$47.4	$17.6
👖 Brand Jeans	$112	$54.6
👟 Brand Sneakers	$155	$74.2
👶 Daycare or Preschool, 1 month	$254	$417
🏫 International Primary School, 1 year	$6167	$7298

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	$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 Santiago

Distance	City	Cost of living
17 km or 11 mi	San Bernardo	$854
20 km or 12 mi	Puente Alto	$957
69 km or 43 mi	Los Andes	$800
78 km or 48 mi	San Felipe	$752
80 km or 50 mi	Rancagua	$844
80 km or 50 mi	Villa Alemana	$922
83 km or 52 mi	Quillota	$905
85 km or 53 mi	Quilpue	$908
89 km or 55 mi	San Antonio	$1135
95 km or 59 mi	Vina del Mar	$932
99 km or 62 mi	Valparaiso	$959
130 km or 80 mi	San Fernando	$903
179 km or 111 mi	Curico	$788
181 km or 112 mi	Godoy Cruz	$608
182 km or 113 mi	Mendoza	$599
185 km or 115 mi	Las Heras	$609
208 km or 129 mi	San Martin	$602
238 km or 148 mi	Talca	$849
251 km or 156 mi	San Rafael	$441
264 km or 164 mi	Constitucion	$881
280 km or 174 mi	Linares	$894
292 km or 181 mi	San Juan	$658
321 km or 199 mi	Ovalle	$819
375 km or 233 mi	Chillan	$649
394 km or 245 mi	Coquimbo	$852
398 km or 247 mi	La Serena	$853
401 km or 249 mi	San Luis	$729
409 km or 254 mi	Tome	$798
426 km or 265 mi	Talcahuano	$734
434 km or 269 mi	Concepcion	$922
455 km or 283 mi	Coronel	$852
456 km or 284 mi	Lujan	$650
464 km or 288 mi	Lota	$842
472 km or 294 mi	Los Angeles	$743
482 km or 300 mi	Villa Mercedes	$630
508 km or 316 mi	Curanilahue	$836
518 km or 322 mi	Angol	$823
542 km or 337 mi	Vallenar	$824
576 km or 358 mi	La Rioja	$613
588 km or 366 mi	Rio Cuarto	$534