Reykjavik vs Tallinn
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Reykjavik vs Tallinn
Tallinn is 51% more affordable for homebuyers. Reykjavik has a price-to-income ratio of 7.8x compared to 7.5x in Tallinn.
| Metric | Reykjavik | Tallinn |
|---|---|---|
| Avg Home Price | $450,000 | $220,000 |
| Price / sqm | $6,500 | $3,500 |
| Rent (1BR) | $1,500/mo | $650/mo |
| Rent (3BR) | $2,500/mo | $1,100/mo |
| Price-to-Income | 7.8x | 7.5x |
| Mortgage Rate | 7.5% | 5.2% |
| 1yr Change | +2.8% | +3.2% |
| Median Income | $58,000/yr | $29,000/yr |
| Population | 130,000 | 450,000 |
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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 Tallinn more expensive?
Tallinn is more affordable. Home prices differ by $230,000 (51%).
Which city has cheaper rent, Reykjavik or Tallinn?
Rent for a 1BR in Reykjavik is $1,500/mo vs $650/mo in Tallinn.
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