Reykjavik vs Tenerife - Cost of Living Comparison

Updated: March 01, 2024

	Reykjavik	Tenerife
🚶 Cost of living one person	$2723	$1659
👨‍👩‍👧‍👦 Cost of living Family	$5671	$3383
🏠 One person rent	$1643	$1051
🏘️ Family rent	$2600	$1530
🍽️ Food expenses	$800	$369
🚐 Transport expenses	$86.1	$124
💳 Monthly salary after tax	$3682	$1379
😷 Air quality	Excellent	Good
✈️ Airport proximity	4 km	25 km
🎓 Higher education	53	18
😀 Quality of life	89	62
🏙️ Population	140K	932K

The cost of living in Reykjavik is 64% more expensive than in Tenerife. Cities ranked 344th and 2824th ($2723 vs $1659) 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 1.4 months in Reykjavik compared to 0.8 months in Tenerife. Reykjavik ranked 1st best city to live in Iceland vs Tenerife ranked 74th in Spain, while ranked 152nd and 5100th 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 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	$21.6	$10.7
🥂 Dinner in a Restaurant, for 2	$125	$46.4
🥪 Fast food meal, equiv. McDonald's	$16.9	$8.75
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$10.9	$2.79
☕ Cappuccino	$5.05	$1.7
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.94	$1.6
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1659	$1057
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1492	$913
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2694	$1541
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2395	$1345
🔌 Utility Bill one person, electricity, heating, water, etc.	$52.4	$69.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$80.5	$106
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$64.8	$39.9
🏦 Mortgage Interest Rate for 20 Years	8.07%	3.48%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$6252	$2349
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$4951	$2016
Transportation
🚌 Local transport ticket	$4.13	$1.54
🎟️ Monthly ticket local transport	$66.6	$38.7
🚕 Taxi Ride, 8 km or 5 mi	$26.3	$18.1
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.28	$1.56
Groceries
🥛 Milk, 1 L or 1 qt	$1.65	$1.26
🍞 Bread, 0.5 kg or 1.1 lb	$3.71	$1.4
🍚 Rice, 1 kg or 2.2 lb	$3.27	$1.49
🥚 Eggs, x12	$6.03	$2.95
🧀 Cheese, 1 kg or 2.2 lb	$15.4	$15.6
🐔 Chicken Breast, 1 kg or 2.2 lb	$19.8	$7.38
🥩 Round Steak, 1 kg or 2.2 lb	$31	$12.5
🍏 Apples, 1 kg or 2.2 lb	$3.2	$1.92
🍌 Banana, 1 kg or 2.2 lb	$2.12	$1.99
🍊 Oranges, 1 kg or 2.2 lb	$2.81	$1.51
🍅 Tomato, 1 kg or 2.2 lb	$4.84	$2.38
🥔 Potato, 1 kg or 2.2 lb	$3.07	$1.32
🧅 Onion, 1 kg or 2.2 lb	$2.14	$1.66
🌊 Water, 1 L or 1 qt	$1.44	$0.46
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.53	$2.02
🍾 Wine (mid-priced), 750 mL bottle	$20	$4.41
🍺 Beer, 0.5 L or 16 fl oz	$3.08	$1.22
🚬 Cigarette pack	$11.8	$4.46
💊 Cold medicince, 1 week	$11.6	$8.96
🧴 Hair Shampoo	$5.21	$2.72
🧻 Toilet paper, 4 rolls	$4.67	$1.74
👄 Toothpaste, 1 tube	$3.24	$1.79
Other
🏋️ Gym Membership, 1 month	$63.3	$42.7
🎫 Cinema Ticket, 1 person	$14.5	$6.47
👩‍⚕️ Doctor's visit	$83	$70
💇 Haircut, simple	$37.2	$11.5
👖 Brand Jeans	$105	$74.1
👟 Brand Sneakers	$142	$83.1
👶 Daycare or Preschool, 1 month	$239	$327
🏫 International Primary School, 1 year	$6072	$6126

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	$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 Tenerife

Distance	City	Cost of living
14 km or 8.7 mi	La Orotava	$1624
17 km or 11 mi	Puerto de la Cruz	$1759
37 km or 23 mi	San Cristobal de La Laguna	$1214
41 km or 26 mi	Santa Cruz de Tenerife	$1206
112 km or 69 mi	Santa Lucia de Tirajana	$1175
116 km or 72 mi	Las Palmas	$1191
269 km or 167 mi	Puerto del Rosario	$1423
272 km or 169 mi	Corralejo	$1499
308 km or 191 mi	Arrecife	$1327
358 km or 222 mi	Laayoune	$536
487 km or 302 mi	Canico	$1044
488 km or 303 mi	Funchal	$1009
488 km or 303 mi	Camara de Lobos	$1047
490 km or 305 mi	Santa Cruz	$1048
495 km or 307 mi	Machico	$1046
715 km or 444 mi	Taghazout	$516
721 km or 448 mi	Agadir	$533
726 km or 451 mi	Ait Melloul	$508
751 km or 467 mi	Essaouira	$625
837 km or 520 mi	Safi	$470
911 km or 566 mi	Marrakesh	$609
951 km or 591 mi	El Jadida	$503
1041 km or 647 mi	Casablanca	$826
1061 km or 659 mi	Khouribga	$437
1065 km or 662 mi	Mohammedia	$627
1082 km or 672 mi	Beni Mellal	$445
1116 km or 694 mi	Temara	$574
1128 km or 701 mi	Rabat	$717
1131 km or 703 mi	Sale	$533
1135 km or 705 mi	Nouakchott	$618
1161 km or 721 mi	Kenitra	$520
1223 km or 760 mi	Meknes	$424
1230 km or 764 mi	Lagos	$1416
1241 km or 771 mi	Portimao	$1251
1245 km or 774 mi	Lagoa	$1332
1251 km or 777 mi	Silves	$1392
1253 km or 779 mi	Albufeira	$2218
1266 km or 787 mi	Faro	$1318
1271 km or 790 mi	Loule	$1494
1272 km or 791 mi	Olhao	$1328