Budget Direct Insurance Money Magazine's Insurer of the Year 2017, 2018, 2019, 2020, and 2021

Money magazine
Insurer of the
Year 2017-21

prices shown in
Reykjavik vs Singapore
Rkv vs Sin

Average net salary (After tax)

Singapore
Reykjavik

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Sin
Rkv
Outside city centre
Sin
Rkv

Rent 3 bedroom apartment

Cost per month

In city centre
Sin
Rkv
Outside city centre
Sin
Rkv

Buy apartment

Price per m2

In city centre
Sin
Rkv
Outside city centre
Sin
Rkv

Mortgage rates

Singapore
4.5%
Reykjavik
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Singapore
Reykjavik

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Sin
Rkv

Mobile phone data

One-minute local prepaid call (no plan or discount)

Sin
Rkv

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Sin
Rkv

Monthly pass

Regular price

Sin
Rkv

Fuel prices

Per Litre

Singapore
Reykjavik

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Sin
Rkv
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Sin
Rkv
White bread 500g
Sin
Rkv
Eggs 12
Sin
Rkv
White rice 1kg
Sin
Rkv

Pack of cigarettes

(Marlboro)

Singapore
Reykjavik

Meat & cheese

Chicken breasts 1kg
Sin
Rkv
Beef round 1kg
Sin
Rkv
Local cheese 1kg
Sin
Rkv

Vegetables

Potatoes 1kg
Sin
Rkv
Lettuce 1 head
Sin
Rkv
Tomatoes 1kg
Sin
Rkv

Fruit

Apples 1kg
Sin
Rkv
Oranges 1 head
Sin
Rkv
Bananas 1kg
Sin
Rkv

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Sin $4,070.74/mth
Rkv $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Sin $4,070.74/mth
Rkv $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Singapore
4.5%
Reykjavik
5.5%

Restaurant Prices in Singapore are 17.14% higher than in Reykjavik

Drinks

Coke/Pepsi 0.33L
bottle
Sin $4,070.74/mth
Rkv $4,070.74/mth
Water 0.33L
bottle
Sin $4,070.74/mth
Rkv $4,070.74/mth
Cappuccino regular
Sin $4,070.74/mth
Rkv $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Sin
Rkv
Market 0.5L bottle
Sin
Rkv

Imported beer

Restaurant 0.33L bottle
Sin
Rkv
Market 0.33L bottle
Sin
Rkv

Bottle of wine

Mid-range, from supermarket

Singapore
5
Reykjavik

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Sin
Rkv

Summer dress

From a chain store (e.g. Zara, H&M)

Sin
Rkv

Shoes

1 pair Nike shoes
Sin
Rkv
1 pair men's leather shoes
Sin
Rkv

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Singapore
$15.33
Reykjavik
$11.43

Tennis court rental

One hour on weekend

Sin $4,070.74/mth
Rkv $4,070.74/mth

Fitness club

Monthly fee for one adult

Sin $4,070.74/mth
Rkv $4,070.74/mth