Cost of living comparison

 Albuquerque (NM), United States
compared to
 Reykjavik, Iceland
Reykjavik vs. Albuquerque Cost of Living Summary

Reykjavik is 27.8% more expensive than Albuquerque.

Restaurants
pay 32.3% more in Reykjavik
Groceries
pay 29.8% more in Reykjavik
Transportation
pay 73.7% more in Reykjavik
Housing
pay 4.0% more in Reykjavik
Childcare
pay 39.8% less in Reykjavik
Entertainment and Sports
pay 42.7% more in Reykjavik
Clothing
pay 52.0% more in Reykjavik

The cost of transportation, clothing, entertainment and sports, restaurants, groceries, and housing in Reykjavik are more expensive than in Albuquerque.

Reykjavik vs. Albuquerque Cost Breakdown

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

pay 32.3% more for restaurants

 
Albuquerque
Reykjavik
Basic meal with drink at inexpensive restaurant $18.00
 
$20.00
ISK2,493
Fast food combo meal
McDonalds, or similar
$10.00
 
$18.02
ISK2,246
Bottle of Coca-Cola (11 fl. oz) $2.75
 
$3.15
ISK393

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pay 29.8% more for groceries

 
Albuquerque
Reykjavik
Bread
1 loaf
$2.70
 
$3.61
ISK450
Local cheese (8 oz) $6.52
 
$7.76
ISK967
Milk (1 gallon) $3.86
 
$6.40
ISK798

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pay 73.7% more for transportation

 
Albuquerque
Reykjavik
Gasoline (1 gallon) $3.33
 
$8.50
ISK1,060
Monthly public transit pass ?? $74.95
ISK9,343
New Volkswagen Golf 1.4 (standard edition) $32,778.08
 
$42,450.45
ISK5,291,449

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pay 4.0% more for housing

 
Albuquerque
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$79.54
 
$69.87
ISK8,709
1-Bedroom apartment in downtown area $1,472.67
 
$1,971.17
ISK245,706
1-Bedroom apartment outside city center $1,120.44
 
$1,803.44
ISK224,799

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pay 39.8% less for childcare

 
Albuquerque
Reykjavik
Private preschool for 1 child, monthly $1,233.33
 
$252.14
ISK31,429
Middle school for 1 child, two semesters $6,000.00
 
$5,993.99
ISK747,151

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pay 42.7% more for entertainment and sports

 
Albuquerque
Reykjavik
Domestic/local beer (1 pint) $6.00
 
$10.81
ISK1,348
Cappuccino in mid-range area $4.75
 
$5.31
ISK661
Pack of cigarettes
Marlboro or similar
$9.50
 
$12.25
ISK1,526

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pay 52.0% more for clothing

 
Albuquerque
Reykjavik
Regular jeans
Levi's brand
$56.44
 
$108.97
ISK13,583
Regular dress
from H&M or similar store
$48.75
 
$49.72
ISK6,198
Running shoes
Nike or Adidas
$100.00
 
$151.85
ISK18,929

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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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