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Insurer of the
Year 2017-21

prices shown in
Seoul vs Reykjavik
Sel vs Rkv

Average net salary (After tax)

Reykjavik
Seoul

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Rkv
Sel
Outside city centre
Rkv
Sel

Rent 3 bedroom apartment

Cost per month

In city centre
Rkv
Sel
Outside city centre
Rkv
Sel

Buy apartment

Price per m2

In city centre
Rkv
Sel
Outside city centre
Rkv
Sel

Mortgage rates

Reykjavik
4.5%
Seoul
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Reykjavik
Seoul

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Rkv
Sel

Mobile phone data

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

Rkv
Sel

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Rkv
Sel

Monthly pass

Regular price

Rkv
Sel

Fuel prices

Per Litre

Reykjavik
Seoul

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Rkv
Sel
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Reykjavik
Seoul

Meat & cheese

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

Vegetables

Potatoes 1kg
Rkv
Sel
Lettuce 1 head
Rkv
Sel
Tomatoes 1kg
Rkv
Sel

Fruit

Apples 1kg
Rkv
Sel
Oranges 1 head
Rkv
Sel
Bananas 1kg
Rkv
Sel

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Reykjavik
4.5%
Seoul
5.5%

Restaurant Prices in Reykjavik are 17.14% higher than in Seoul

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Rkv
Sel
Market 0.5L bottle
Rkv
Sel

Imported beer

Restaurant 0.33L bottle
Rkv
Sel
Market 0.33L bottle
Rkv
Sel

Bottle of wine

Mid-range, from supermarket

Reykjavik
5
Seoul

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Rkv
Sel

Summer dress

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

Rkv
Sel

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Reykjavik
$15.33
Seoul
$11.43

Tennis court rental

One hour on weekend

Rkv $4,070.74/mth
Sel $4,070.74/mth

Fitness club

Monthly fee for one adult

Rkv $4,070.74/mth
Sel $4,070.74/mth