Reykjavik vs Wellington
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Reykjavik vs Wellington
Reykjavik is 13% more affordable for homebuyers. Reykjavik has a price-to-income ratio of 7.8x compared to 9.2x in Wellington.
| Metric | Reykjavik | Wellington |
|---|---|---|
| Avg Home Price | $450,000 | $520,000 |
| Price / sqm | $6,500 | $6,800 |
| Rent (1BR) | $1,500/mo | $1,600/mo |
| Rent (3BR) | $2,500/mo | $2,500/mo |
| Price-to-Income | 7.8x | 9.2x |
| Mortgage Rate | 7.5% | 6.8% |
| 1yr Change | +2.8% | -3.8% |
| Median Income | $58,000/yr | $57,000/yr |
| Population | 130,000 | 215,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Reykjavik or Wellington more expensive?
Reykjavik is more affordable. Home prices differ by $70,000 (13%).
Which city has cheaper rent, Reykjavik or Wellington?
Rent for a 1BR in Reykjavik is $1,500/mo vs $1,600/mo in Wellington.
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