Reykjavik vs Helsinki

Cost of living comparison for 2026. Helsinki is roughly 16% more affordable than Reykjavik (index 75 vs 89, New York = 100). Data sourced live via AI — updated regularly.

Helsinki
More affordable overall
16% cheaper than Reykjavik · Cost index: 75 vs 89

Head-to-Head Stats

89Cost Index75
4,652Median Income /mo3,050
76Safety Index75
31.49Income Tax %32
95Internet (Mbps)95
250Coworking /mo350

Price Breakdown

ReykjavikCategoryHelsinki
$2,222/month
1-BR Apartment (Center)
49% ← cheaper
$1,130/month
$1.77/liter
Meal for One
27% ← cheaper
$1.3/liter
$28.14/meal
Restaurant (Mid-range)
36% ← cheaper
$18/meal
$78.9/month
Monthly Transit Pass
15% ← cheaper
$67/month
$182.55/month
Utilities (Monthly)
28% ← cheaper
$132/month
$86.59/visit
Doctor Visit
26% cheaper →
$117/visit

Digital Nomad Profile

Reykjavik

Internet95 Mbps
Coworking$250/mo
Café WiFiexcellent
Englishhigh
Communitygrowing
Walkability78/100

Helsinki

Internet95 Mbps
Coworking$350/mo
Café WiFiexcellent
Englishhigh
Communitygrowing
Walkability78/100

Frequently Asked Questions

Is Reykjavik cheaper than Helsinki?

Helsinki is cheaper than Reykjavik. Helsinki has a cost of living index of 75/100 compared to 89/100 for Reykjavik, making it roughly 16% more affordable overall.

How much cheaper is Helsinki than Reykjavik?

Helsinki is approximately 16% cheaper than Reykjavik based on cost index scores (75 vs 89, where New York = 100). A person spending $3,000/month in Reykjavik could live a similar lifestyle for roughly $2,528/month in Helsinki.

What is the rent comparison between Reykjavik and Helsinki?

In Reykjavik, a 1-bedroom apartment in the city center costs approximately $2,222/month. In Helsinki, the equivalent is around $1,130/month.

Which city is better for digital nomads — Reykjavik or Helsinki?

Both cities have nomad infrastructure. Reykjavik offers 95 Mbps internet and coworking at ~$250/month. Helsinki offers 95 Mbps and coworking at ~$350/month. Helsinki has a cost advantage of 16%.

What is the average income in Reykjavik vs Helsinki?

The median net monthly salary in Reykjavik is approximately $4,652 USD, compared to $3,050 USD in Helsinki.

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