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:

Display currency: USD

pay 37.5% more for restaurants

	Albany	Reykjavik
Basic meal with drink at inexpensive restaurant	$18.00	$20.00 ISK2,493	+11.1%
Fast food combo meal McDonalds, or similar	$10.50	$18.02 ISK2,246	+71.6%
Bottle of Coca-Cola (11 fl. oz)	$2.28	$3.15 ISK393	+38.2%
Bottle of water (11 fl. oz)	$1.69	$2.19 ISK272	+29.1%
Average			+37.5%

Albany vs. Reykjavik - Cost of restaurants

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pay 8.7% more for groceries

	Albany	Reykjavik
Bread 1 loaf	$4.23	$3.61 ISK450	-14.6%
Local cheese (8 oz)	$7.02	$7.76 ISK967	+10.6%
Milk (1 gallon)	$3.66	$6.40 ISK798	+75.0%
Eggs 1 dozen	$4.75	$5.76 ISK718	+21.3%
Boneless chicken breast (1 lb)	$5.66	$9.45 ISK1,178	+67.0%
Apples (1 lb)	$2.13	$1.40 ISK175	-34.0%
Bananas (1 lb)	$0.65	$1.01 ISK126	+54.3%
Oranges (1 lb)	$2.14	$1.22 ISK152	-43.2%
Tomatoes (1 lb)	$2.39	$2.22 ISK277	-6.8%
Potatoes (1 lb)	$1.34	$1.43 ISK179	+7.0%
Onions (1 lb)	$1.58	$0.93 ISK116	-41.0%
Average			+8.7%

Albany vs. Reykjavik - Cost of groceries

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pay 64.6% more for transportation

	Albany	Reykjavik
Gasoline (1 gallon)	$3.67	$8.50 ISK1,060	+131.7%
Monthly public transit pass	$65.00	$74.95 ISK9,343	+15.3%
New Volkswagen Golf 1.4 (standard edition)	$30,000.00	$42,450.45 ISK5,291,449	+41.5%
Taxi trip in downtown area (5 miles)	$14.15	$24.05 ISK2,998	+70.0%
Average			+64.6%

Albany vs. Reykjavik - Cost of transportation

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pay 14.8% more for housing

	Albany	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$62.01	$69.87 ISK8,709	+12.7%
1-Bedroom apartment in downtown area	$1,257.50	$1,971.17 ISK245,706	+56.8%
1-Bedroom apartment outside city center	$1,153.00	$1,803.44 ISK224,799	+56.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$161.67	$53.95 ISK6,725	-66.6%
Average			+14.8%

Albany vs. Reykjavik - Cost of housing

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pay 77.7% less for childcare

	Albany	Reykjavik
Private preschool for 1 child, monthly	$1,400.00	$252.14 ISK31,429	-82.0%
Middle school for 1 child, two semesters	$22,500.00	$5,993.99 ISK747,151	-73.4%
Average			-77.7%

Albany vs. Reykjavik - Cost of childcare

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pay 29.5% more for entertainment and sports

	Albany	Reykjavik
Domestic/local beer (1 pint)	$5.00	$10.81 ISK1,348	+116.2%
Cappuccino in mid-range area	$5.17	$5.31 ISK661	+2.6%
Pack of cigarettes Marlboro or similar	$14.25	$12.25 ISK1,526	-14.1%
Monthly membership at local gym	$48.50	$69.95 ISK8,719	+44.2%
Movie ticket to theater/cinema	$15.00	$14.77 ISK1,842	-1.5%
Average			+29.5%

Albany vs. Reykjavik - Cost of entertainment and sports

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pay 75.2% more for clothing

	Albany	Reykjavik
Regular jeans Levi's brand	$52.25	$108.97 ISK13,583	+108.6%
Regular dress from H&M or similar store	$46.02	$49.72 ISK6,198	+8.0%
Running shoes Nike or Adidas	$77.80	$151.85 ISK18,929	+95.2%
Men's business shoes (leather)	$102.80	$194.16 ISK24,202	+88.9%
Average			+75.2%

Albany vs. Reykjavik - Cost of clothing

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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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