Cost of living comparison

 Anchorage (AK), United States
compared to
 Reykjavik, Iceland
Reykjavik vs. Anchorage Cost of Living Summary

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.

Reykjavik vs. Anchorage Cost Breakdown

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

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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

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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

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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

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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

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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

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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

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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: March 2025
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