Reykjavik vs Ulsan - Cost of Living Comparison

Updated: October 14, 2025

	Reykjavik	Ulsan
🚶 Cost of living one person	$3268	$1076
👨‍👩‍👧‍👦 Cost of living Family	$6787	$2549
🏠 One person rent	$2025	$486
🏘️ Family rent	$3029	$749
🍽️ Food expenses	$894	$393
🚐 Transport expenses	$101	$89
💳 Monthly salary after tax	$4361	$2627
😷 Air quality	Excellent	Moderate
✈️ Airport proximity	4 km	6 km
🎓 Higher education	52	65
😀 Quality of life	91	74
🏙️ Population	140K	1.13M

The cost of living in Reykjavik is 204% more expensive than in Ulsan. Cities ranked 88th and 5071st ($3268 vs $1076) in the list of the most expensive cities in the world and ranked 1st and 32nd in Iceland and South Korea, respectively. Check Iceland vs South Korea comparison.

The average after-tax salary is enough to cover living expenses for 1.3 months in Reykjavik compared to 2.4 months in Ulsan. Reykjavik ranked 1st best city to live in Iceland vs Ulsan ranked 23rd in South Korea, while ranked 191st and 2220th among best cities to live in the world.

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Cost of living in Reykjavik vs Ulsan infographic

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

Prices in Reykjavik vs Ulsan

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

	Reykjavik	Ulsan
Eating Out
🍱 Lunch Menu	$27.9	$5.62
🥂 Dinner in a Restaurant, for 2	$79.5	$24.5
🥪 Fast food meal, equiv. McDonald's	$20.5	$4.37
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$13	$2.39
☕ Cappuccino	$6.12	$3.05
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.33	$1.06
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2075	$354
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1851	$379
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$3279	$622
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$2774	$583
🔌 Utility Bill one person, electricity, heating, water, etc.	$45.2	$87.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$70.4	$134
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$84	$23.9
🏦 Mortgage Interest Rate for 20 Years	9.56%	3.98%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$8015	$4963
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$6578	$2737
Transportation
🚌 Local transport ticket	$5.36	$0.86
🎟️ Monthly ticket local transport	$88.4	$34.9
🚕 Taxi Ride, 8 km or 5 mi	$28.3	$10
⛽ Gas / Petrol, 1 L or 0.26 gal	$2.55	$1.18
Groceries
🥛 Milk, 1 L or 1 qt	$2.04	$1.74
🍞 Bread, 0.5 kg or 1.1 lb	$4.43	$1.94
🍚 Rice, 1 kg or 2.2 lb	$3.55	$1.71
🥚 Eggs, x12	$6.58	$2.64
🧀 Cheese, 1 kg or 2.2 lb	$19.1	$11.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$25	$7.33
🥩 Round Steak, 1 kg or 2.2 lb	$41.5	$26.2
🍏 Apples, 1 kg or 2.2 lb	$3.59	$6.24
🍌 Banana, 1 kg or 2.2 lb	$2.58	$3.14
🍊 Oranges, 1 kg or 2.2 lb	$3.35	$6.88
🍅 Tomato, 1 kg or 2.2 lb	$5.57	$4.17
🥔 Potato, 1 kg or 2.2 lb	$3.7	$3.28
🧅 Onion, 1 kg or 2.2 lb	$2.56	$2.29
🌊 Water, 1 L or 1 qt	$1.27	$0.56
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.04	$1.94
🍾 Wine (mid-priced), 750 mL bottle	$25.5	$13.3
🍺 Beer, 0.5 L or 16 fl oz	$3.79	$1.64
🚬 Cigarette pack	$13.6	$2.87
💊 Cold medicince, 1 week	$12.9	$6.12
🧴 Hair Shampoo	$5.86	$6.95
🧻 Toilet paper, 4 rolls	$5.2	$1.47
👄 Toothpaste, 1 tube	$3.63	$1.86
Other
🏋️ Gym Membership, 1 month	$88.2	$53.6
🎫 Cinema Ticket, 1 person	$18	$8.76
👩‍⚕️ Doctor's visit	$92.8	$34.7
💇 Haircut, simple	$46	$7.97
👖 Brand Jeans	$144	$100
👟 Brand Sneakers	$194	$82.9
👶 Daycare or Preschool, 1 month	$352	$246
🏫 International Primary School, 1 year	$30378	$13568

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 Ulsan

Distance	City	Cost of living
34 km or 21 mi	Yangsan	$1039
35 km or 21 mi	Gyeongju	$1097
52 km or 32 mi	Miryang	$1038
53 km or 33 mi	Gimhae	$975
54 km or 33 mi	Pohang	$1024
56 km or 35 mi	Busan	$1108
58 km or 36 mi	Yeongcheon	$1008
60 km or 38 mi	Gyeongsan	$1001
68 km or 42 mi	Changwon	$1084
74 km or 46 mi	Daegu	$1062
81 km or 50 mi	Masan	$1008
94 km or 58 mi	Sacheon	$984
102 km or 63 mi	Geoje	$913
113 km or 70 mi	Tongyeong	$934
114 km or 71 mi	Gumi	$949
119 km or 74 mi	Jinju	$1064
125 km or 78 mi	Andong	$929
125 km or 78 mi	Gimcheon	$934
126 km or 78 mi	Tsushima Island	$937
142 km or 88 mi	Sangju	$957
150 km or 93 mi	Tsushima	$933
153 km or 95 mi	Mungyeong	$973
154 km or 96 mi	Yeongju	$1005
162 km or 100 mi	Gwangyang	$991
174 km or 108 mi	Yeosu	$994
176 km or 109 mi	Namwon	$980
179 km or 111 mi	Suncheon	$1016
183 km or 114 mi	Taebaek	$995
195 km or 121 mi	Daejeon	$959
198 km or 123 mi	Jeonju	$831
201 km or 125 mi	Chungju	$920
202 km or 126 mi	Jecheon	$1037
203 km or 126 mi	Gyeryong	$976
203 km or 126 mi	Iki	$925
204 km or 127 mi	Cheongju	$924
211 km or 131 mi	Sejong	$1020
211 km or 131 mi	Samcheok	$1001
214 km or 133 mi	Nonsan	$1046
215 km or 133 mi	Nagato	$1006
218 km or 135 mi	Iksan	$998