Reykjavik vs Seoul - Cost of Living Comparison

Updated:

Livingcost

Reykjavik Seoul
🚶 Cost of living one person
$2723
$1444
👨‍👩‍👧‍👦 Cost of living Family
$5671
$4192
🏠 One person rent
$1643
$683
🏘️ Family rent
$2600
$1882
🍽️ Food expenses
$800
$510
🚐 Transport expenses
$86.1
$154
💳 Monthly salary after tax
$3682
$3018
😷 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 89% more expensive than in Seoul. Cities ranked 344th and 3641st ($2723 vs $1444) 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 2.1 months in Seoul. Reykjavik ranked 1st best city to live in Iceland vs Seoul ranked 1st in South Korea, while ranked 152nd and 23rd 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
$21.6
$6.81
🥂 Dinner in a Restaurant, for 2
$125
$40.4
🥪 Fast food meal, equiv. McDonald's
$16.9
$6.01
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.9
$3.8
 Cappuccino
$5.05
$4.06
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.94
$1.59
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1659
$758
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1492
$492
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2694
$2529
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2395
$1473
🔌 Utility Bill one person, electricity, heating, water, etc.
$52.4
$115
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$80.5
$174
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$64.8
$23.4
🏦 Mortgage Interest Rate for 20 Years
8.07%
4.76%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6252
$19740
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4951
$10956
Transportation
🚌 Local transport ticket
$4.13
$1.08
🎟️ Monthly ticket local transport
$66.6
$44.4
🚕 Taxi Ride, 8 km or 5 mi
$26.3
$9.8
 Gas / Petrol, 1 L or 0.26 gal
$2.28
$1.24
Groceries
🥛 Milk, 1 L or 1 qt
$1.65
$2.18
🍞 Bread, 0.5 kg or 1.1 lb
$3.71
$3.07
🍚 Rice, 1 kg or 2.2 lb
$3.27
$3.34
🥚 Eggs, x12
$6.03
$3.82
🧀 Cheese, 1 kg or 2.2 lb
$15.4
$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb
$19.8
$9.89
🥩 Round Steak, 1 kg or 2.2 lb
$31
$40
🍏 Apples, 1 kg or 2.2 lb
$3.2
$6.59
🍌 Banana, 1 kg or 2.2 lb
$2.12
$3.64
🍊 Oranges, 1 kg or 2.2 lb
$2.81
$6.04
🍅 Tomato, 1 kg or 2.2 lb
$4.84
$6.05
🥔 Potato, 1 kg or 2.2 lb
$3.07
$3.94
🧅 Onion, 1 kg or 2.2 lb
$2.14
$3.25
🌊 Water, 1 L or 1 qt
$1.44
$0.75
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.53
$2.39
🍾 Wine (mid-priced), 750 mL bottle
$20
$17.9
🍺 Beer, 0.5 L or 16 fl oz
$3.08
$2.44
🚬 Cigarette pack
$11.8
$3.37
💊 Cold medicince, 1 week
$11.6
$4.99
🧴 Hair Shampoo
$5.21
$5.98
🧻 Toilet paper, 4 rolls
$4.67
$2.34
👄 Toothpaste, 1 tube
$3.24
$3.07
Other
🏋️ Gym Membership, 1 month
$63.3
$49.1
🎫 Cinema Ticket, 1 person
$14.5
$11
👩‍⚕️ Doctor's visit
$83
$24.8
💇 Haircut, simple
$37.2
$9.53
👖 Brand Jeans
$105
$61.1
👟 Brand Sneakers
$142
$81.9
👶 Daycare or Preschool, 1 month
$239
$368
🏫 International Primary School, 1 year
$6072
$19966

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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
$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 Seoul

Distance City Cost of living
13 km or 7.9 mi Guri
$1101
17 km or 10 mi Goyang
$1144
17 km or 10 mi Gwangmyeong
$1087
17 km or 11 mi Gwacheon
$1056
19 km or 12 mi Uijeongbu
$986
20 km or 12 mi Hanam
$1069
20 km or 12 mi Namyangju
$1106
20 km or 13 mi Seongnam
$1121
21 km or 13 mi Siheung
$1081
21 km or 13 mi Bucheon
$1152
22 km or 14 mi Anyang
$1097
23 km or 14 mi Yangju
$983
24 km or 15 mi Gunpo
$1120
26 km or 16 mi Gimpo
$1124
27 km or 17 mi Uiwang
$1054
30 km or 19 mi Gwangju
$1063
32 km or 20 mi Paju
$1072
33 km or 20 mi Ansan
$1127
33 km or 21 mi Suwon
$987
34 km or 21 mi Incheon
$1020
37 km or 23 mi Dongducheon
$1077
39 km or 24 mi Pocheon
$1041
42 km or 26 mi Yongin
$1256
47 km or 29 mi Hwaseong
$1088
49 km or 31 mi Osan
$1024
52 km or 32 mi Icheon
$949
58 km or 36 mi Kaesong
$1542
65 km or 40 mi Yeoju
$973
66 km or 41 mi Pyeongtaek
$924
69 km or 43 mi Anseong
$986
72 km or 45 mi Chuncheon
$911
83 km or 52 mi Dangjin
$1002
86 km or 53 mi Wonju
$880
87 km or 54 mi Cheonan
$940
101 km or 63 mi Seosan
$1005
107 km or 66 mi Chungju
$1009
114 km or 71 mi Cheongju
$903
118 km or 73 mi Jecheon
$967
123 km or 77 mi Haeju
$1560
124 km or 77 mi Sejong
$963