Cost of living comparison
Reykjavik is 12.8% more expensive than Anchorage.
- Restaurants
-
pay 14.5% more in Reykjavik
- Groceries
-
pay 8.3% more in Reykjavik
- Transportation
-
pay 51.4% more in Reykjavik
- Housing
-
pay 7.8% less in Reykjavik
- Childcare
-
pay 58.0% less in Reykjavik
- Entertainment and Sports
-
pay 7.8% more in Reykjavik
- Clothing
-
pay 73.2% more in Reykjavik
The cost of clothing, transportation, restaurants, groceries, and entertainment and sports in Reykjavik are more expensive than in Anchorage. Expenses including childcare and housing are lower in Reykjavik.
If you lived in Reykjavik instead of Anchorage, you would:
pay 14.5% more for restaurants
|
Anchorage
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.00
|
$20.00
ISK2,689
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.50
|
$18.02
ISK2,423
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.61
|
$3.15
ISK424
|
|
| Bottle of water (11 fl. oz) |
$2.56
|
$2.19
ISK294
|
|
pay 8.3% more for groceries
|
Anchorage
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.21
|
$3.61
ISK485
|
|
| Local cheese (8 oz) |
$6.17
|
$7.76
ISK1,043
|
|
| Milk (1 gallon) |
$4.39
|
$6.40
ISK861
|
|
|
Eggs
1 dozen
|
$3.10
|
$5.76
ISK774
|
|
| Boneless chicken breast (1 lb) |
$5.79
|
$9.45
ISK1,270
|
|
| Apples (1 lb) |
$3.31
|
$1.40
ISK189
|
|
| Bananas (1 lb) |
$0.89
|
$1.01
ISK136
|
|
| Oranges (1 lb) |
$2.75
|
$1.22
ISK164
|
|
| Tomatoes (1 lb) |
$3.23
|
$2.22
ISK299
|
|
| Potatoes (1 lb) |
$0.96
|
$1.43
ISK193
|
|
| Onions (1 lb) |
$1.41
|
$0.93
ISK126
|
|
pay 51.4% more for transportation
|
Anchorage
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.04
|
$8.50
ISK1,143
|
|
| Monthly public transit pass |
$60.00
|
$74.95
ISK10,078
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,339.50
|
$42,450.45
ISK5,707,888
|
|
| Taxi trip in downtown area (5 miles) |
$16.42
|
$24.05
ISK3,234
|
|
pay 7.8% less for housing
|
Anchorage
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$129.33
|
$69.87
ISK9,394
|
|
| 1-Bedroom apartment in downtown area |
$1,409.11
|
$1,971.17
ISK265,044
|
|
| 1-Bedroom apartment outside city center |
$1,166.70
|
$1,803.44
ISK242,491
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$266.21
|
$53.95
ISK7,255
|
|
pay 58.0% less for childcare
|
Anchorage
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$962.50
|
$252.14
ISK33,903
|
|
| Middle school for 1 child, two semesters |
$10,350.00
|
$5,993.99
ISK805,952
|
|
pay 7.8% more for entertainment and sports
|
Anchorage
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.50
|
$10.81
ISK1,454
|
|
| Cappuccino in mid-range area |
$5.15
|
$5.31
ISK713
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.90
|
$12.25
ISK1,646
|
|
| Monthly membership at local gym |
$86.00
|
$69.95
ISK9,405
|
|
| Movie ticket to theater/cinema |
$15.00
|
$14.77
ISK1,987
|
|
pay 73.2% more for clothing
|
Anchorage
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.80
|
$108.97
ISK14,652
|
|
|
Regular dress
from H&M or similar store
|
$45.00
|
$49.72
ISK6,685
|
|
|
Running shoes
Nike or Adidas
|
$93.58
|
$151.85
ISK20,418
|
|
| Men's business shoes (leather) |
$101.25
|
$194.16
ISK26,106
|
|
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