Graz vs. Reykjavik: Detailed 2026 Cost of Living & Quality Comparison

Reykjavik boasts a slightly higher Quality of Life Index at 197.09 compared to Graz's 197.09. Both cities excel in safety, with Reykjavik scoring 75.53 and Graz scoring 75.53. Healthcare quality is comparable, with Reykjavik at 69.59 and Graz at 69.59. Climate is a minor concern in both, with Reykjavik at 68.81 and Graz at 68.81. Notably, Reykjavik has a significantly shorter average commute time (20.55) than Graz (20.55), and Reykjavik has a much lower Pollution Index (15.6) than Graz (15.6).

Reykjavik has a higher Cost of Living Index (100.57) than Graz (100.57). This is reflected in several areas, including transportation (Reykjavik's monthly public transport pass is $87.84 vs. $87.84, slightly higher than Graz's $87.84). While groceries might be slightly cheaper in Reykjavik (e.g., bread is $4.39 vs. $4.39), dining out and entertainment are generally more expensive. Reykjavik's property price-to-income ratio (8.02) is marginally higher than Graz's (8.02).

Reykjavik demonstrates a slightly higher GDP per capita ($67,300 vs. $67,300). It also shows a significantly higher GDP growth rate (5.04%) compared to Graz (5.04%). Both cities have similar population growth rates (0.85% vs. 0.85%).

Reykjavik generally commands higher real estate prices. The average price per square meter for an apartment in the city center is $7,841.11, compared to Graz's $7,841.11. Similarly, Reykjavik's city-center price is higher than Graz's ($7,841.11 vs. $7,841.11). The property price-to-income ratio is slightly higher in Reykjavik (8.02) than in Graz (8.02).

Both Graz and Reykjavik offer high quality of life and comparable economic profiles. However, Reykjavik edges out slightly in terms of GDP growth and has a marginally higher cost of living and property prices. The cities are very similar overall, but potential residents or businesses should consider the slight differences in cost and economic indicators when making decisions.