Cost of living comparison
Reykjavik is 16.1% more expensive than Austin.
- Restaurants
-
pay 27.6% more in Reykjavik
- Groceries
-
pay 23.0% more in Reykjavik
- Transportation
-
pay 78.3% more in Reykjavik
- Housing
-
pay 13.7% less in Reykjavik
- Childcare
-
pay 77.5% less in Reykjavik
- Entertainment and Sports
-
pay 30.0% more in Reykjavik
- Clothing
-
pay 44.8% more in Reykjavik
The cost of transportation, clothing, entertainment and sports, restaurants, and groceries in Reykjavik are more expensive than in Austin. Expenses including childcare and housing are lower in Reykjavik. Notably, transportation is significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Austin, you would:
pay 27.6% more for restaurants
Austin
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$18.00
|
$20.00
ISK2,545
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
|
$18.02
ISK2,293
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.62
|
$3.15
ISK401
|
|
Bottle of water (11 fl. oz) |
$2.21
|
$2.19
ISK278
|
|
pay 23.0% more for groceries
Austin
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$3.60
|
$3.61
ISK459
|
|
Local cheese (8 oz) |
$6.37
|
$7.76
ISK987
|
|
Milk (1 gallon) |
$3.94
|
$6.40
ISK815
|
|
Eggs
1 dozen
|
$3.37
|
$5.76
ISK733
|
|
Boneless chicken breast (1 lb) |
$4.71
|
$9.45
ISK1,202
|
|
Apples (1 lb) |
$2.33
|
$1.40
ISK178
|
|
Bananas (1 lb) |
$0.69
|
$1.01
ISK128
|
|
Oranges (1 lb) |
$1.94
|
$1.22
ISK155
|
|
Tomatoes (1 lb) |
$1.61
|
$2.22
ISK283
|
|
Potatoes (1 lb) |
$1.25
|
$1.43
ISK183
|
|
Onions (1 lb) |
$1.25
|
$0.93
ISK119
|
|
pay 78.3% more for transportation
Austin
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.04
|
$8.50
ISK1,082
|
|
Monthly public transit pass |
$45.00
|
$74.95
ISK9,538
|
|
New Volkswagen Golf 1.4 (standard edition) |
$35,000.00
|
$42,450.45
ISK5,401,820
|
|
Taxi trip in downtown area (5 miles) |
$16.55
|
$24.05
ISK3,060
|
|
pay 13.7% less for housing
Austin
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$70.43
|
$69.87
ISK8,890
|
|
1-Bedroom apartment in downtown area |
$2,280.66
|
$1,971.17
ISK250,832
|
|
1-Bedroom apartment outside city center |
$1,508.91
|
$1,803.44
ISK229,488
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$134.36
|
$53.95
ISK6,866
|
|
pay 77.5% less for childcare
Austin
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$1,465.00
|
$252.14
ISK32,085
|
|
Middle school for 1 child, two semesters |
$21,625.00
|
$5,993.99
ISK762,736
|
|
pay 30.0% more for entertainment and sports
Austin
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$6.00
|
$10.81
ISK1,376
|
|
Cappuccino in mid-range area |
$5.31
|
$5.31
ISK675
|
|
Pack of cigarettes
Marlboro or similar
|
$9.00
|
$12.25
ISK1,558
|
|
Monthly membership at local gym |
$54.50
|
$69.95
ISK8,901
|
|
Movie ticket to theater/cinema |
$14.00
|
$14.77
ISK1,880
|
|
pay 44.8% more for clothing
Austin
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$63.62
|
$108.97
ISK13,867
|
|
Regular dress
from H&M or similar store
|
$52.38
|
$49.72
ISK6,327
|
|
Running shoes
Nike or Adidas
|
$89.78
|
$151.85
ISK19,323
|
|
Men's business shoes (leather) |
$134.79
|
$194.16
ISK24,707
|
|
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