Reykjavik vs Shanghai - Cost of Living Comparison

Updated: October 10, 2024

	Reykjavik	Shanghai
🚶 Cost of living one person	$2915	$1136
👨‍👩‍👧‍👦 Cost of living Family	$5968	$3654
🏠 One person rent	$1781	$602
🏘️ Family rent	$2749	$1527
🍽️ Food expenses	$832	$293
🚐 Transport expenses	$88.7	$116
💳 Monthly salary after tax	$3918	$1905
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	4 km	13 km
🎓 Higher education	53	100
😀 Quality of life	89	79
🏙️ Population	140K	24.9M

The cost of living in Reykjavik is 157% more expensive than in Shanghai. Cities ranked 204th and 4780th ($2915 vs $1136) in the list of the most expensive cities in the world and ranked 1st and 6th in Iceland and China, respectively. Check Iceland vs China comparison.

The average after-tax salary is enough to cover living expenses for 1.3 months in Reykjavik compared to 1.7 months in Shanghai. Reykjavik ranked 1st best city to live in Iceland vs Shanghai ranked 4th in China, while ranked 189th and 571st 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 Shanghai infographic

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Prices in Reykjavik vs Shanghai

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

	Reykjavik	Shanghai
Eating Out
🍱 Lunch Menu	$22	$3.99
🥂 Dinner in a Restaurant, for 2	$125	$42.8
🥪 Fast food meal, equiv. McDonald's	$18.5	$5.51
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$11.1	$1.43
☕ Cappuccino	$5.35	$3.61
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.27	$0.53
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1809	$897
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1626	$461
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2822	$2549
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2552	$1181
🔌 Utility Bill one person, electricity, heating, water, etc.	$44.2	$36.3
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$68.4	$56.1
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$74.1	$16.9
🏦 Mortgage Interest Rate for 20 Years	8.55%	4.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$6498	$16156
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5311	$8893
Transportation
🚌 Local transport ticket	$4.63	$0.57
🎟️ Monthly ticket local transport	$77.2	$36.1
🚕 Taxi Ride, 8 km or 5 mi	$24.8	$6.13
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.29	$1.19
Groceries
🥛 Milk, 1 L or 1 qt	$1.72	$2.41
🍞 Bread, 0.5 kg or 1.1 lb	$3.66	$1.99
🍚 Rice, 1 kg or 2.2 lb	$3.25	$1.41
🥚 Eggs, x12	$5.9	$2.11
🧀 Cheese, 1 kg or 2.2 lb	$16	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$21.4	$3.46
🥩 Round Steak, 1 kg or 2.2 lb	$37.6	$11.4
🍏 Apples, 1 kg or 2.2 lb	$3.07	$2.33
🍌 Banana, 1 kg or 2.2 lb	$2.29	$1.64
🍊 Oranges, 1 kg or 2.2 lb	$2.72	$2.05
🍅 Tomato, 1 kg or 2.2 lb	$4.99	$1.7
🥔 Potato, 1 kg or 2.2 lb	$3.21	$0.98
🧅 Onion, 1 kg or 2.2 lb	$2.16	$1.07
🌊 Water, 1 L or 1 qt	$1.37	$0.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.74	$1.32
🍾 Wine (mid-priced), 750 mL bottle	$22	$11.2
🍺 Beer, 0.5 L or 16 fl oz	$3.27	$0.86
🚬 Cigarette pack	$12.2	$3.51
💊 Cold medicince, 1 week	$11.6	$6.62
🧴 Hair Shampoo	$5.36	$7.04
🧻 Toilet paper, 4 rolls	$4.68	$1.72
👄 Toothpaste, 1 tube	$3.32	$2.03
Other
🏋️ Gym Membership, 1 month	$71.8	$55
🎫 Cinema Ticket, 1 person	$15.1	$8.47
👩‍⚕️ Doctor's visit	$84.7	$90.7
💇 Haircut, simple	$47.4	$11.9
👖 Brand Jeans	$112	$58.2
👟 Brand Sneakers	$155	$78.6
👶 Daycare or Preschool, 1 month	$254	$1263
🏫 International Primary School, 1 year	$6167	$31401

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 Shanghai

Distance	City	Cost of living
9.4 km or 5.8 mi	Pudong	$1028
47 km or 29 mi	Taicang	$706
53 km or 33 mi	Kunshan	$749
74 km or 46 mi	Qidong	$738
82 km or 51 mi	Suzhou	$1020
82 km or 51 mi	Jiaxing	$585
85 km or 53 mi	Haimen	$661
88 km or 55 mi	Changshu	$718
106 km or 66 mi	Nantong	$620
117 km or 73 mi	Zhangjiagang	$676
121 km or 75 mi	Wuxi	$686
135 km or 84 mi	Huzhou	$706
141 km or 87 mi	Jiangyin	$685
142 km or 88 mi	Zhoushan	$612
144 km or 89 mi	Ningbo	$733
148 km or 92 mi	Jingjiang	$674
155 km or 96 mi	Shaoxing	$742
158 km or 98 mi	Yixing	$702
159 km or 99 mi	Changzhou	$729
160 km or 100 mi	Rugao	$674
161 km or 100 mi	Hangzhou	$843
177 km or 110 mi	Taixing	$665
179 km or 111 mi	Hai'an	$676
191 km or 119 mi	Liyang	$690
197 km or 122 mi	Yangzhong	$629
198 km or 123 mi	Guangde	$698
201 km or 125 mi	Danyang	$630
208 km or 129 mi	Taizhou	$673
217 km or 135 mi	Dongtai	$698
223 km or 139 mi	Zhenjiang	$538
235 km or 146 mi	Yangzhou	$650
236 km or 146 mi	Jurong	$651
244 km or 152 mi	Ningguo	$703
246 km or 153 mi	Yiwu	$708
250 km or 155 mi	Xinghua	$699
250 km or 156 mi	Yizheng	$617
259 km or 161 mi	Linhai	$702
260 km or 161 mi	Xuancheng	$771
262 km or 163 mi	Gaoyou	$648
274 km or 170 mi	Nanjing	$774