Reykjavik vs Seoul - Cost of Living Comparison

Updated:

Livingcost

Reykjavik Seoul
🚶 Cost of living one person
$2938
$1334
👨‍👩‍👧‍👦 Cost of living Family
$5875
$3862
🏠 One person rent
$1801
$608
🏘️ Family rent
$2674
$1634
🍽️ Food expenses
$827
$488
🚐 Transport expenses
$90.1
$144
💳 Monthly salary after tax
$3761
$2911
😷 Air quality
Excellent
Moderate
✈️ Airport proximity
4 km
18 km
🎓 Higher education
53
100
😀 Quality of life
89
95
🏙️ Population
140K
9.67M

The cost of living in Reykjavik is 120% more expensive than in Seoul. Cities ranked 200th and 4104th ($2938 vs $1334) in the list of the most expensive cities in the world and ranked 1st and 3rd in Iceland and South Korea, respectively. Check Iceland vs South Korea comparison.

The average after-tax salary is enough to cover living expenses for 1.3 months in Reykjavik compared to 2.2 months in Seoul. Reykjavik ranked 1st best city to live in Iceland vs Seoul ranked 1st in South Korea, while ranked 194th and 30th among best cities to live in the world.

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Cost of living in Reykjavik vs Seoul infographic

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Prices in Reykjavik vs Seoul

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

Reykjavik Seoul
Eating Out
🍱 Lunch Menu
$21.5
$7.53
🥂 Dinner in a Restaurant, for 2
$137
$40.1
🥪 Fast food meal, equiv. McDonald's
$17.9
$5.87
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.8
$3.5
 Cappuccino
$5.37
$3.57
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.09
$1.58
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1839
$754
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1650
$422
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2869
$2293
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2456
$1250
🔌 Utility Bill one person, electricity, heating, water, etc.
$42.1
$99.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$64.6
$155
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$71.4
$20.3
🏦 Mortgage Interest Rate for 20 Years
9.41%
4.85%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6649
$19682
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$5599
$11168
Transportation
🚌 Local transport ticket
$4.52
$1.05
🎟️ Monthly ticket local transport
$75.8
$44.5
🚕 Taxi Ride, 8 km or 5 mi
$26.4
$8.29
 Gas / Petrol, 1 L or 0.26 gal
$2.23
$1.17
Groceries
🥛 Milk, 1 L or 1 qt
$1.66
$2.06
🍞 Bread, 0.5 kg or 1.1 lb
$3.74
$3.08
🍚 Rice, 1 kg or 2.2 lb
$3.24
$3.06
🥚 Eggs, x12
$5.94
$3.38
🧀 Cheese, 1 kg or 2.2 lb
$15.8
$12.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$20.9
$8.56
🥩 Round Steak, 1 kg or 2.2 lb
$37
$32
🍏 Apples, 1 kg or 2.2 lb
$2.94
$7.25
🍌 Banana, 1 kg or 2.2 lb
$2.25
$3.37
🍊 Oranges, 1 kg or 2.2 lb
$2.73
$5.31
🍅 Tomato, 1 kg or 2.2 lb
$4.73
$5.9
🥔 Potato, 1 kg or 2.2 lb
$3.26
$3.54
🧅 Onion, 1 kg or 2.2 lb
$2.11
$2.82
🌊 Water, 1 L or 1 qt
$1.36
$0.81
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.69
$2.18
🍾 Wine (mid-priced), 750 mL bottle
$21.6
$20.3
🍺 Beer, 0.5 L or 16 fl oz
$3.26
$2.46
🚬 Cigarette pack
$12.3
$3.17
💊 Cold medicince, 1 week
$10.4
$4.67
🧴 Hair Shampoo
$5.23
$5.75
🧻 Toilet paper, 4 rolls
$4.55
$2.16
👄 Toothpaste, 1 tube
$3.2
$2.86
Other
🏋️ Gym Membership, 1 month
$73.2
$48.3
🎫 Cinema Ticket, 1 person
$15.9
$10.5
👩‍⚕️ Doctor's visit
$82.2
$22.9
💇 Haircut, simple
$45.6
$9.53
👖 Brand Jeans
$128
$58.3
👟 Brand Sneakers
$162
$82.4
👶 Daycare or Preschool, 1 month
$279
$420
🏫 International Primary School, 1 year
$2532
$20197

Cost of living in other countries

ReykjavikSeoul

Cost of living

$349

$907

$6.64K

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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
$2802
9.8 km or 6.1 mi Hafnarfjorur
$2817
38 km or 24 mi Keflavik
$2355
247 km or 153 mi Akureyri
$2678
795 km or 494 mi Torshavn
$1828
1204 km or 748 mi Inverness
$1722
1230 km or 764 mi Elgin
$1393
1300 km or 808 mi Derry
$1390
1309 km or 813 mi Greenock
$1601
1321 km or 821 mi Aberdeen
$1614
1325 km or 823 mi Perth
$1500
1328 km or 825 mi Stirling
$1604
1331 km or 827 mi Paisley
$1765
1333 km or 828 mi Alloa
$1649
1337 km or 831 mi Glasgow
$2011
1339 km or 832 mi Dundee
$1482
1340 km or 833 mi Omagh
$1562
1341 km or 833 mi Cumbernauld
$1475
1342 km or 834 mi Irvine
$1551
1348 km or 838 mi East Kilbride
$1763
1349 km or 838 mi Kilmarnock
$1480
1351 km or 839 mi Dunfermline
$1692
1353 km or 841 mi Hamilton
$1699
1357 km or 843 mi Ayr
$1404
1360 km or 845 mi Kirkcaldy
$1610
1365 km or 848 mi Livingston
$1608
1372 km or 852 mi Edinburgh
$2140
1382 km or 859 mi Newtownabbey
$1692
1387 km or 862 mi Belfast
$1755
1390 km or 864 mi Bangor
$1382
1391 km or 864 mi Lisburn
$1713
1401 km or 871 mi Alesund
$1603
1413 km or 878 mi Galway
$2297
1425 km or 886 mi Dundalk
$1767
1431 km or 889 mi Dumfries
$1246
1433 km or 891 mi Nuuk
$2031
1441 km or 895 mi Molde
$1813
1454 km or 903 mi Kristiansund
$1700
1455 km or 904 mi Drogheda
$2628
1455 km or 904 mi Bergen
$2006

Cities near Seoul

Distance City Cost of living
13 km or 7.9 mi Guri
$1122
17 km or 10 mi Goyang
$1171
17 km or 10 mi Gwangmyeong
$1089
17 km or 11 mi Gwacheon
$1070
19 km or 12 mi Uijeongbu
$955
20 km or 12 mi Hanam
$1161
20 km or 12 mi Namyangju
$1129
20 km or 13 mi Seongnam
$1400
21 km or 13 mi Siheung
$1283
21 km or 13 mi Bucheon
$1163
22 km or 14 mi Anyang
$1022
23 km or 14 mi Yangju
$974
24 km or 15 mi Gunpo
$1098
26 km or 16 mi Gimpo
$1099
27 km or 17 mi Uiwang
$1063
30 km or 19 mi Gwangju
$1165
32 km or 20 mi Paju
$1075
33 km or 20 mi Ansan
$1070
33 km or 21 mi Suwon
$1022
34 km or 21 mi Incheon
$1092
37 km or 23 mi Dongducheon
$1055
39 km or 24 mi Pocheon
$1040
42 km or 26 mi Yongin
$1127
47 km or 29 mi Hwaseong
$1089
49 km or 31 mi Osan
$1042
52 km or 32 mi Icheon
$1020
58 km or 36 mi Kaesong
$1565
65 km or 40 mi Yeoju
$1026
66 km or 41 mi Pyeongtaek
$984
69 km or 43 mi Anseong
$1026
72 km or 45 mi Chuncheon
$865
83 km or 52 mi Dangjin
$1033
86 km or 53 mi Wonju
$1074
87 km or 54 mi Cheonan
$1151
101 km or 63 mi Seosan
$1036
107 km or 66 mi Chungju
$900
114 km or 71 mi Cheongju
$936
118 km or 73 mi Jecheon
$1016
123 km or 77 mi Haeju
$1550
124 km or 77 mi Sejong
$1019