Reykjavik vs Seongnam - Cost of Living Comparison

Updated: March 11, 2026

	Reykjavik	Seongnam
🚶 Cost of living one person	$3322	$1425
👨‍👩‍👧‍👦 Cost of living Family	$6846	$3320
🏠 One person rent	$2058	$713
🏘️ Family rent	$3020	$1156
🍽️ Food expenses	$916	$461
🚐 Transport expenses	$102	$101
💳 Monthly salary after tax	$4546	$2607
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	4 km	2 km
🎓 Higher education	52	98
😀 Quality of life	89	76
🏙️ Population	139K	919K

The cost of living in Reykjavik is 133% more expensive than in Seongnam. Cities ranked 86th and 4288th ($3322 vs $1425) in the list of the most expensive cities in the world and ranked 1st and 1st in Iceland and South Korea, respectively. Check Iceland vs South Korea comparison.

The average after-tax salary is enough to cover living expenses for 1.4 months in Reykjavik compared to 1.8 months in Seongnam. Reykjavik ranked 1st best city to live in Iceland vs Seongnam ranked 9th in South Korea, while ranked 268th and 1327th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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

Prices in Reykjavik vs Seongnam

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

	Reykjavik	Seongnam
Eating Out
🍱 Lunch Menu	$28.6	$5.64
🥂 Dinner in a Restaurant, for 2	$90.8	$39.1
🥪 Fast food meal, equiv. McDonald's	$20.3	$5.48
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$12.6	$3.22
☕ Cappuccino	$6.19	$3.98
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.25	$1.57
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2151	$870
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1861	$529
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$3373	$1364
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2721	$892
🔌 Utility Bill one person, electricity, heating, water, etc.	$51.6	$97.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$81.7	$152
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$87.2	$17.7
🏦 Mortgage Interest Rate for 20 Years	8.79%	3.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$7832	$12419
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$6385	$5889
Transportation
🚌 Local transport ticket	$5.51	$1.01
🎟️ Monthly ticket local transport	$87.9	$38.1
🚕 Taxi Ride, 8 km or 5 mi	$29.5	$14.1
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.49	$1.13
Groceries
🥛 Milk, 1 L or 1 qt	$1.98	$2.06
🍞 Bread, 0.5 kg or 1.1 lb	$4.44	$2.69
🍚 Rice, 1 kg or 2.2 lb	$3.58	$2.94
🥚 Eggs, x12	$6.83	$2.95
🧀 Cheese, 1 kg or 2.2 lb	$19.7	$12
🐔 Chicken Breast, 1 kg or 2.2 lb	$26	$7.91
🥩 Round Steak, 1 kg or 2.2 lb	$44.9	$29.4
🍏 Apples, 1 kg or 2.2 lb	$3.55	$6.83
🍌 Banana, 1 kg or 2.2 lb	$2.67	$3.3
🍊 Oranges, 1 kg or 2.2 lb	$3.41	$6.06
🍅 Tomato, 1 kg or 2.2 lb	$5.8	$5.48
🥔 Potato, 1 kg or 2.2 lb	$3.52	$3.04
🧅 Onion, 1 kg or 2.2 lb	$2.2	$2.84
🌊 Water, 1 L or 1 qt	$1.27	$0.71
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.01	$1.83
🍾 Wine (mid-priced), 750 mL bottle	$24.2	$20.6
🍺 Beer, 0.5 L or 16 fl oz	$3.95	$2.22
🚬 Cigarette pack	$14	$3.16
💊 Cold medicince, 1 week	$12.7	$6.45
🧴 Hair Shampoo	$5.93	$4.67
🧻 Toilet paper, 4 rolls	$5.26	$1.46
👄 Toothpaste, 1 tube	$3.63	$1.87
Other
🏋️ Gym Membership, 1 month	$95.3	$73.2
🎫 Cinema Ticket, 1 person	$18.6	$9.52
👩‍⚕️ Doctor's visit	$93.8	$136
💇 Haircut, simple	$46.1	$9.51
👖 Brand Jeans	$144	$60.1
👟 Brand Sneakers	$176	$70.2
👶 Daycare or Preschool, 1 month	$408	$253
🏫 International Primary School, 1 year	$30361	$12598

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 Seongnam

Distance	City	Cost of living
3.1 km or 1.9 mi	Siheung	$1292
11 km or 7 mi	Gwangju	$1179
13 km or 8.1 mi	Hanam	$1162
13 km or 8.2 mi	Gwacheon	$1061
17 km or 11 mi	Guri	$1117
18 km or 11 mi	Uiwang	$1063
19 km or 12 mi	Gunpo	$1112
19 km or 12 mi	Anyang	$988
20 km or 13 mi	Seoul	$1363
20 km or 13 mi	Suwon	$1030
23 km or 14 mi	Namyangju	$1120
23 km or 14 mi	Yongin	$1102
24 km or 15 mi	Gwangmyeong	$1071
31 km or 19 mi	Ansan	$1044
32 km or 20 mi	Bucheon	$1167
32 km or 20 mi	Icheon	$1134
33 km or 21 mi	Osan	$1050
36 km or 22 mi	Uijeongbu	$913
36 km or 22 mi	Goyang	$1092
39 km or 24 mi	Yangju	$937
42 km or 26 mi	Hwaseong	$1076
43 km or 26 mi	Gimpo	$1068
43 km or 27 mi	Incheon	$1057
47 km or 29 mi	Yeoju	$1053
50 km or 31 mi	Anseong	$1046
50 km or 31 mi	Pyeongtaek	$1095
51 km or 32 mi	Pocheon	$1008
52 km or 32 mi	Paju	$1049
53 km or 33 mi	Dongducheon	$1007
70 km or 44 mi	Wonju	$1073
70 km or 44 mi	Cheonan	$1121
71 km or 44 mi	Chuncheon	$867
75 km or 47 mi	Dangjin	$984
78 km or 49 mi	Kaesong	$1563
88 km or 54 mi	Chungju	$892
94 km or 59 mi	Cheongju	$903
95 km or 59 mi	Seosan	$986
101 km or 63 mi	Jecheon	$1003
107 km or 66 mi	Sejong	$986
109 km or 68 mi	Gongju	$1019