Reykjavik vs Tenerife - Cost of Living Comparison

Updated: October 14, 2025

	Reykjavik	Tenerife
🚶 Cost of living one person	$3268	$1705
👨‍👩‍👧‍👦 Cost of living Family	$6787	$3809
🏠 One person rent	$2025	$1005
🏘️ Family rent	$3029	$1677
🍽️ Food expenses	$894	$427
🚐 Transport expenses	$101	$134
💳 Monthly salary after tax	$4361	$1533
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	4 km	25 km
🎓 Higher education	52	18
😀 Quality of life	91	66
🏙️ Population	140K	955K

The cost of living in Reykjavik is 92% more expensive than in Tenerife. Cities ranked 88th and 3094th ($3268 vs $1705) in the list of the most expensive cities in the world and ranked 1st and 10th in Iceland and Spain, respectively. Check Iceland vs Spain comparison.

The average after-tax salary is enough to cover living expenses for 1.3 months in Reykjavik compared to 0.9 months in Tenerife. Reykjavik ranked 1st best city to live in Iceland vs Tenerife ranked 84th in Spain, while ranked 191st and 5034th among best cities to live in the world.

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Cost of living in Reykjavik vs Tenerife infographic

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

Prices in Reykjavik vs Tenerife

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

	Reykjavik	Tenerife
Eating Out
🍱 Lunch Menu	$27.9	$12.8
🥂 Dinner in a Restaurant, for 2	$79.5	$55.9
🥪 Fast food meal, equiv. McDonald's	$20.5	$9.83
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$13	$3.03
☕ Cappuccino	$6.12	$2.41
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.33	$1.73
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2075	$1006
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1851	$880
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$3279	$1799
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2774	$1477
🔌 Utility Bill one person, electricity, heating, water, etc.	$45.2	$68.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$70.4	$106
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$84	$30.1
🏦 Mortgage Interest Rate for 20 Years	9.56%	3.39%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$8015	$3896
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$6578	$2828
Transportation
🚌 Local transport ticket	$5.36	$1.66
🎟️ Monthly ticket local transport	$88.4	$40.6
🚕 Taxi Ride, 8 km or 5 mi	$28.3	$19.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.55	$1.61
Groceries
🥛 Milk, 1 L or 1 qt	$2.04	$1.22
🍞 Bread, 0.5 kg or 1.1 lb	$4.43	$1.81
🍚 Rice, 1 kg or 2.2 lb	$3.55	$1.52
🥚 Eggs, x12	$6.58	$3.43
🧀 Cheese, 1 kg or 2.2 lb	$19.1	$13.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$25	$9.68
🥩 Round Steak, 1 kg or 2.2 lb	$41.5	$14.5
🍏 Apples, 1 kg or 2.2 lb	$3.59	$2.03
🍌 Banana, 1 kg or 2.2 lb	$2.58	$2.24
🍊 Oranges, 1 kg or 2.2 lb	$3.35	$1.65
🍅 Tomato, 1 kg or 2.2 lb	$5.57	$2.57
🥔 Potato, 1 kg or 2.2 lb	$3.7	$2.11
🧅 Onion, 1 kg or 2.2 lb	$2.56	$2.17
🌊 Water, 1 L or 1 qt	$1.27	$0.57
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.04	$2.36
🍾 Wine (mid-priced), 750 mL bottle	$25.5	$4.78
🍺 Beer, 0.5 L or 16 fl oz	$3.79	$1.35
🚬 Cigarette pack	$13.6	$4.78
💊 Cold medicince, 1 week	$12.9	$8.21
🧴 Hair Shampoo	$5.86	$3.15
🧻 Toilet paper, 4 rolls	$5.2	$2.27
👄 Toothpaste, 1 tube	$3.63	$2.27
Other
🏋️ Gym Membership, 1 month	$88.2	$50.8
🎫 Cinema Ticket, 1 person	$18	$9.32
👩‍⚕️ Doctor's visit	$92.8	$85
💇 Haircut, simple	$46	$13.8
👖 Brand Jeans	$144	$89.1
👟 Brand Sneakers	$194	$94
👶 Daycare or Preschool, 1 month	$352	$397
🏫 International Primary School, 1 year	$30378	$6640

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	$3175
9.8 km or 6.1 mi	Hafnarfjorur	$3148
38 km or 24 mi	Keflavik	$2596
247 km or 153 mi	Akureyri	$2990
795 km or 494 mi	Torshavn	$2077
1204 km or 748 mi	Inverness	$2021
1230 km or 764 mi	Elgin	$1507
1300 km or 808 mi	Derry	$1551
1309 km or 813 mi	Greenock	$1575
1321 km or 821 mi	Aberdeen	$1769
1325 km or 823 mi	Perth	$1641
1328 km or 825 mi	Stirling	$1711
1331 km or 827 mi	Paisley	$1837
1333 km or 828 mi	Alloa	$1762
1337 km or 831 mi	Glasgow	$2058
1339 km or 832 mi	Dundee	$1480
1340 km or 833 mi	Omagh	$1703
1341 km or 833 mi	Cumbernauld	$1619
1342 km or 834 mi	Irvine	$1630
1348 km or 838 mi	East Kilbride	$1840
1349 km or 838 mi	Kilmarnock	$1527
1351 km or 839 mi	Dunfermline	$1728
1353 km or 841 mi	Hamilton	$1797
1357 km or 843 mi	Ayr	$1522
1360 km or 845 mi	Kirkcaldy	$1768
1365 km or 848 mi	Livingston	$1775
1372 km or 852 mi	Edinburgh	$2310
1382 km or 859 mi	Newtownabbey	$1808
1387 km or 862 mi	Belfast	$1884
1390 km or 864 mi	Bangor	$1484
1391 km or 864 mi	Lisburn	$1879
1401 km or 871 mi	Alesund	$1797
1413 km or 878 mi	Galway	$2768
1425 km or 886 mi	Dundalk	$1955
1431 km or 889 mi	Dumfries	$1485
1433 km or 891 mi	Nuuk	$2217
1441 km or 895 mi	Molde	$1986
1454 km or 903 mi	Kristiansund	$1887
1455 km or 904 mi	Drogheda	$2902
1455 km or 904 mi	Bergen	$2242

Cities near Tenerife

Distance	City	Cost of living
14 km or 8.7 mi	La Orotava	$1633
17 km or 11 mi	Puerto de la Cruz	$1702
37 km or 23 mi	San Cristobal de La Laguna	$1539
41 km or 26 mi	Santa Cruz de Tenerife	$1567
112 km or 69 mi	Santa Lucia de Tirajana	$1455
116 km or 72 mi	Las Palmas	$1484
269 km or 167 mi	Puerto del Rosario	$1278
272 km or 169 mi	Corralejo	$1658
308 km or 191 mi	Arrecife	$1352
358 km or 222 mi	Laayoune	$629
487 km or 302 mi	Canico	$1519
488 km or 303 mi	Funchal	$1561
488 km or 303 mi	Camara de Lobos	$1513
490 km or 305 mi	Santa Cruz	$1517
495 km or 307 mi	Machico	$1515
715 km or 444 mi	Taghazout	$602
721 km or 448 mi	Agadir	$623
726 km or 451 mi	Ait Melloul	$591
751 km or 467 mi	Essaouira	$693
837 km or 520 mi	Safi	$548
911 km or 566 mi	Marrakesh	$765
951 km or 591 mi	El Jadida	$557
1041 km or 647 mi	Casablanca	$936
1061 km or 659 mi	Khouribga	$501
1065 km or 662 mi	Mohammedia	$721
1082 km or 672 mi	Beni Mellal	$477
1116 km or 694 mi	Temara	$680
1128 km or 701 mi	Rabat	$790
1131 km or 703 mi	Sale	$619
1135 km or 705 mi	Nouakchott	$662
1161 km or 721 mi	Kenitra	$604
1223 km or 760 mi	Meknes	$578
1230 km or 764 mi	Lagos	$1724
1241 km or 771 mi	Portimao	$1347
1245 km or 774 mi	Lagoa	$1428
1251 km or 777 mi	Silves	$1468
1253 km or 779 mi	Albufeira	$1910
1266 km or 787 mi	Faro	$1380
1271 km or 790 mi	Loule	$1512
1272 km or 791 mi	Olhao	$1401