Reykjavik vs Tenerife - Cost of Living Comparison

Updated: June 21, 2026

	Reykjavik	Tenerife
🚶 Cost of living one person	$3205	$1739
👨‍👩‍👧‍👦 Cost of living Family	$6762	$3931
🏠 One person rent	$1954	$1005
🏘️ Family rent	$2956	$1684
🍽️ Food expenses	$904	$456
🚐 Transport expenses	$100	$137
💳 Monthly salary after tax	$4423	$1591
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	4 km	25 km
🎓 Higher education	53	19
😀 Quality of life	88	68
🏙️ Population	139K	955K

The cost of living in Reykjavik is 84% more expensive than in Tenerife. Cities ranked 119th and 3058th ($3205 vs $1739) in the list of the most expensive cities in the world and ranked 1st and 14th 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 0.9 months in Tenerife. Reykjavik ranked 1st best city to live in Iceland vs Tenerife ranked 75th in Spain, while ranked 258th and 4533rd among best cities to live in the world.

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the estimated difference in money purchasing power

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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	$28.3	$14.6
🥂 Dinner in a Restaurant, for 2	$97.9	$60.8
🥪 Fast food meal, equiv. McDonald's	$20	$10.7
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$13.4	$3.08
☕ Cappuccino	$6.5	$2.54
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.26	$2.01
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2129	$1005
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1743	$873
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$3328	$1809
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2660	$1472
🔌 Utility Bill one person, electricity, heating, water, etc.	$52.2	$74.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$80.3	$114
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$82	$30.6
🏦 Mortgage Interest Rate for 20 Years	8.69%	3.16%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$7748	$3998
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$6175	$3282
Transportation
🚌 Local transport ticket	$5.38	$1.62
🎟️ Monthly ticket local transport	$90.3	$41
🚕 Taxi Ride, 8 km or 5 mi	$28.9	$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.12	$1.63
Groceries
🥛 Milk, 1 L or 1 qt	$2.04	$1.21
🍞 Bread, 0.5 kg or 1.1 lb	$4.21	$1.72
🍚 Rice, 1 kg or 2.2 lb	$3.46	$1.65
🥚 Eggs, x12	$6.99	$3.75
🧀 Cheese, 1 kg or 2.2 lb	$20.2	$14.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$24.8	$9.86
🥩 Round Steak, 1 kg or 2.2 lb	$44.1	$15
🍏 Apples, 1 kg or 2.2 lb	$3.41	$2.63
🍌 Banana, 1 kg or 2.2 lb	$2.66	$2.22
🍊 Oranges, 1 kg or 2.2 lb	$3.17	$1.77
🍅 Tomato, 1 kg or 2.2 lb	$5.99	$2.67
🥔 Potato, 1 kg or 2.2 lb	$3.65	$2.29
🧅 Onion, 1 kg or 2.2 lb	$1.89	$2.33
🌊 Water, 1 L or 1 qt	$1.16	$0.56
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3	$2.35
🍾 Wine (mid-priced), 750 mL bottle	$23.2	$6.21
🍺 Beer, 0.5 L or 16 fl oz	$3.72	$1.45
🚬 Cigarette pack	$13.5	$4.79
💊 Cold medicince, 1 week	$11.6	$8.24
🧴 Hair Shampoo	$5.76	$3.11
🧻 Toilet paper, 4 rolls	$5.18	$2.19
👄 Toothpaste, 1 tube	$3.63	$2.45
Other
🏋️ Gym Membership, 1 month	$90.3	$49.7
🎫 Cinema Ticket, 1 person	$19.2	$9.38
👩‍⚕️ Doctor's visit	$92.8	$88.8
💇 Haircut, simple	$47.2	$13.2
👖 Brand Jeans	$146	$88.2
👟 Brand Sneakers	$178	$94.1
👶 Daycare or Preschool, 1 month	$472	$482
🏫 International Primary School, 1 year	$30029	$7249

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	$3092
9.8 km or 6.1 mi	Hafnarfjorur	$3106
38 km or 24 mi	Keflavik	$2581
247 km or 153 mi	Akureyri	$2921
795 km or 494 mi	Torshavn	$2017
1204 km or 748 mi	Inverness	$2005
1230 km or 764 mi	Elgin	$1523
1300 km or 808 mi	Derry	$1646
1309 km or 813 mi	Greenock	$1647
1321 km or 821 mi	Aberdeen	$1806
1325 km or 823 mi	Perth	$1640
1328 km or 825 mi	Stirling	$1835
1331 km or 827 mi	Paisley	$1885
1333 km or 828 mi	Alloa	$1842
1337 km or 831 mi	Glasgow	$2114
1339 km or 832 mi	Dundee	$1593
1340 km or 833 mi	Omagh	$1763
1341 km or 833 mi	Cumbernauld	$1611
1342 km or 834 mi	Irvine	$1704
1348 km or 838 mi	East Kilbride	$1878
1349 km or 838 mi	Kilmarnock	$1600
1351 km or 839 mi	Dunfermline	$1750
1353 km or 841 mi	Hamilton	$1831
1357 km or 843 mi	Ayr	$1586
1360 km or 845 mi	Kirkcaldy	$1794
1365 km or 848 mi	Livingston	$1760
1372 km or 852 mi	Edinburgh	$2295
1382 km or 859 mi	Newtownabbey	$1820
1387 km or 862 mi	Belfast	$1878
1390 km or 864 mi	Bangor	$1485
1391 km or 864 mi	Lisburn	$1923
1401 km or 871 mi	Alesund	$2021
1413 km or 878 mi	Galway	$3003
1425 km or 886 mi	Dundalk	$2264
1431 km or 889 mi	Dumfries	$1456
1433 km or 891 mi	Nuuk	$2508
1441 km or 895 mi	Molde	$2101
1454 km or 903 mi	Kristiansund	$1944
1455 km or 904 mi	Drogheda	$2518
1455 km or 904 mi	Bergen	$2336

Cities near Tenerife

Distance	City	Cost of living
14 km or 8.7 mi	La Orotava	$1668
17 km or 11 mi	Puerto de la Cruz	$1727
37 km or 23 mi	San Cristobal de La Laguna	$1608
41 km or 26 mi	Santa Cruz de Tenerife	$1642
112 km or 69 mi	Santa Lucia de Tirajana	$1534
116 km or 72 mi	Las Palmas	$1508
269 km or 167 mi	Puerto del Rosario	$1332
272 km or 169 mi	Corralejo	$1653
308 km or 191 mi	Arrecife	$1354
358 km or 222 mi	Laayoune	$627
487 km or 302 mi	Canico	$1606
488 km or 303 mi	Funchal	$1662
488 km or 303 mi	Camara de Lobos	$1603
490 km or 305 mi	Santa Cruz	$1607
495 km or 307 mi	Machico	$1608
715 km or 444 mi	Taghazout	$619
721 km or 448 mi	Agadir	$648
726 km or 451 mi	Ait Melloul	$604
751 km or 467 mi	Essaouira	$649
837 km or 520 mi	Safi	$546
911 km or 566 mi	Marrakesh	$790
951 km or 591 mi	El Jadida	$555
1041 km or 647 mi	Casablanca	$953
1061 km or 659 mi	Khouribga	$526
1065 km or 662 mi	Mohammedia	$734
1082 km or 672 mi	Beni Mellal	$499
1116 km or 694 mi	Temara	$639
1128 km or 701 mi	Rabat	$797
1131 km or 703 mi	Sale	$579
1135 km or 705 mi	Nouakchott	$653
1161 km or 721 mi	Kenitra	$597
1223 km or 760 mi	Meknes	$586
1230 km or 764 mi	Lagos	$1752
1241 km or 771 mi	Portimao	$1388
1245 km or 774 mi	Lagoa	$1467
1251 km or 777 mi	Silves	$1492
1253 km or 779 mi	Albufeira	$1913
1266 km or 787 mi	Faro	$1455
1271 km or 790 mi	Loule	$1544
1272 km or 791 mi	Olhao	$1469