Cost of living comparison
Reykjavik is 10.7% more expensive than Albany.
If you lived in Reykjavik instead of Albany, you would:
pay 17.0% more for restaurants
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
|
$21.59
ISK3,009
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.90
|
$17.27
ISK2,407
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.64
|
$2.90
ISK405
|
|
| Bottle of water (11 fl. oz) |
$1.97
|
$2.07
ISK289
|
|
pay 4.2% more for groceries
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.80
|
$3.68
ISK514
|
|
| Local cheese (8 oz) |
$7.65
|
$7.66
ISK1,067
|
|
| Milk (1 gallon) |
$4.06
|
$6.16
ISK859
|
|
|
Eggs
1 dozen
|
$5.12
|
$5.91
ISK824
|
|
| Boneless chicken breast (1 lb) |
$5.57
|
$8.87
ISK1,237
|
|
| Apples (1 lb) |
$2.16
|
$1.53
ISK213
|
|
| Bananas (1 lb) |
$0.63
|
$0.97
ISK135
|
|
| Oranges (1 lb) |
$2.35
|
$1.26
ISK176
|
|
| Tomatoes (1 lb) |
$2.12
|
$2.23
ISK311
|
|
| Potatoes (1 lb) |
$1.39
|
$1.42
ISK197
|
|
| Onions (1 lb) |
$1.76
|
$1.01
ISK141
|
|
pay 50.5% more for transportation
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.68
|
$8.57
ISK1,195
|
|
| Monthly public transit pass |
$77.50
|
$66.92
ISK9,328
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,000.00
|
$41,660.67
ISK5,807,497
|
|
| Taxi trip in downtown area (5 miles) |
$16.15
|
$23.30
ISK3,248
|
|
pay 2.3% more for housing
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.61
|
$68.45
ISK9,542
|
|
| 1-Bedroom apartment in downtown area |
$1,407.50
|
$1,864.13
ISK259,860
|
|
| 1-Bedroom apartment outside city center |
$1,391.25
|
$1,666.20
ISK232,268
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$140.46
|
$64.43
ISK8,982
|
|
pay 80.7% less for childcare
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,400.00
|
$240.37
ISK33,507
|
|
| Middle school for 1 child, two semesters |
$28,000.00
|
$5,984.07
ISK834,180
|
|
pay 19.2% more for entertainment and sports
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.00
|
$10.79
ISK1,505
|
|
| Cappuccino in mid-range area |
$5.00
|
$5.09
ISK709
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.00
|
$11.87
ISK1,655
|
|
| Monthly membership at local gym |
$67.00
|
$65.50
ISK9,131
|
|
| Movie ticket to theater/cinema |
$15.00
|
$14.39
ISK2,006
|
|
pay 62.2% more for clothing
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$44.67
|
$103.94
ISK14,489
|
|
|
Regular dress
from H&M or similar store
|
$46.37
|
$43.50
ISK6,063
|
|
|
Running shoes
Nike or Adidas
|
$87.25
|
$141.47
ISK19,721
|
|
| Men's business shoes (leather) |
$109.00
|
$174.65
ISK24,346
|
|
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