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
Wellington vs Reykjavik
Wlg vs Rkv

Average net salary (After tax)

Reykjavik
Wellington

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Rkv
Wlg
Outside city centre
Rkv
Wlg

Rent 3 bedroom apartment

Cost per month

In city centre
Rkv
Wlg
Outside city centre
Rkv
Wlg

Buy apartment

Price per m2

In city centre
Rkv
Wlg
Outside city centre
Rkv
Wlg

Mortgage rates

Reykjavik
4.5%
Wellington
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Reykjavik
Wellington

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Rkv
Wlg

Mobile phone data

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

Rkv
Wlg

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Rkv
Wlg

Monthly pass

Regular price

Rkv
Wlg

Fuel prices

Per Litre

Reykjavik
Wellington

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Rkv
Wlg
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Reykjavik
Wellington

Meat & cheese

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

Vegetables

Potatoes 1kg
Rkv
Wlg
Lettuce 1 head
Rkv
Wlg
Tomatoes 1kg
Rkv
Wlg

Fruit

Apples 1kg
Rkv
Wlg
Oranges 1 head
Rkv
Wlg
Bananas 1kg
Rkv
Wlg

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Reykjavik
4.5%
Wellington
5.5%

Restaurant Prices in Reykjavik are 17.14% higher than in Wellington

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Rkv
Wlg
Market 0.5L bottle
Rkv
Wlg

Imported beer

Restaurant 0.33L bottle
Rkv
Wlg
Market 0.33L bottle
Rkv
Wlg

Bottle of wine

Mid-range, from supermarket

Reykjavik
5
Wellington

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Rkv
Wlg

Summer dress

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

Rkv
Wlg

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Reykjavik
$15.33
Wellington
$11.43

Tennis court rental

One hour on weekend

Rkv $4,070.74/mth
Wlg $4,070.74/mth

Fitness club

Monthly fee for one adult

Rkv $4,070.74/mth
Wlg $4,070.74/mth