Cost of living comparison

 Albany (NY), United States
compared to
 Reykjavik, Iceland
Reykjavik vs. Albany Cost of Living Summary

Reykjavik is 21.8% more expensive than Albany.

Restaurants
pay 37.5% more in Reykjavik
Groceries
pay 8.7% more in Reykjavik
Transportation
pay 64.6% more in Reykjavik
Housing
pay 14.8% more in Reykjavik
Childcare
pay 77.7% less in Reykjavik
Entertainment and Sports
pay 29.5% more in Reykjavik
Clothing
pay 75.2% more in Reykjavik

The cost of clothing, transportation, restaurants, entertainment and sports, housing, and groceries in Reykjavik are more expensive than in Albany. Notably, clothing is significantly more expensive in Reykjavik.

Reykjavik vs. Albany Cost Breakdown

If you lived in Reykjavik instead of Albany, you would:

pay 37.5% more for restaurants

 
Albany
Reykjavik
Basic meal with drink at inexpensive restaurant $18.00
 
$20.00
ISK2,545
Fast food combo meal
McDonalds, or similar
$10.50
 
$18.02
ISK2,293
Bottle of Coca-Cola (11 fl. oz) $2.28
 
$3.15
ISK401

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pay 8.7% more for groceries

 
Albany
Reykjavik
Bread
1 loaf
$4.23
 
$3.61
ISK459
Local cheese (8 oz) $7.02
 
$7.76
ISK987
Milk (1 gallon) $3.66
 
$6.40
ISK815

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pay 64.6% more for transportation

 
Albany
Reykjavik
Gasoline (1 gallon) $3.67
 
$8.50
ISK1,082
Monthly public transit pass $65.00
 
$74.95
ISK9,538
New Volkswagen Golf 1.4 (standard edition) $30,000.00
 
$42,450.45
ISK5,401,820

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pay 14.8% more for housing

 
Albany
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$62.01
 
$69.87
ISK8,890
1-Bedroom apartment in downtown area $1,257.50
 
$1,971.17
ISK250,832
1-Bedroom apartment outside city center $1,153.00
 
$1,803.44
ISK229,488

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pay 77.7% less for childcare

 
Albany
Reykjavik
Private preschool for 1 child, monthly $1,400.00
 
$252.14
ISK32,085
Middle school for 1 child, two semesters $22,500.00
 
$5,993.99
ISK762,736

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pay 29.5% more for entertainment and sports

 
Albany
Reykjavik
Domestic/local beer (1 pint) $5.00
 
$10.81
ISK1,376
Cappuccino in mid-range area $5.17
 
$5.31
ISK675
Pack of cigarettes
Marlboro or similar
$14.25
 
$12.25
ISK1,558

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pay 75.2% more for clothing

 
Albany
Reykjavik
Regular jeans
Levi's brand
$52.25
 
$108.97
ISK13,867
Regular dress
from H&M or similar store
$46.02
 
$49.72
ISK6,327
Running shoes
Nike or Adidas
$77.80
 
$151.85
ISK19,323

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025
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