Cost of living comparison

Austin (TX), United States

compared to

Reykjavik, Iceland

Reykjavik vs. Austin Cost of Living Summary

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.

Reykjavik vs. Austin Cost Breakdown

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

Display currency: USD

pay 27.6% more for restaurants

	Austin	Reykjavik
Basic meal with drink at inexpensive restaurant	$18.00	$20.00 ISK2,493	+11.1%
Fast food combo meal McDonalds, or similar	$10.00	$18.02 ISK2,246	+80.2%
Bottle of Coca-Cola (11 fl. oz)	$2.62	$3.15 ISK393	+20.3%
Bottle of water (11 fl. oz)	$2.21	$2.19 ISK272	-1.1%
Average			+27.6%

Austin vs. Reykjavik - Cost of restaurants

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pay 23.0% more for groceries

	Austin	Reykjavik
Bread 1 loaf	$3.60	$3.61 ISK450	+0.4%
Local cheese (8 oz)	$6.37	$7.76 ISK967	+21.8%
Milk (1 gallon)	$3.94	$6.40 ISK798	+62.6%
Eggs 1 dozen	$3.37	$5.76 ISK718	+70.6%
Boneless chicken breast (1 lb)	$4.71	$9.45 ISK1,178	+100.7%
Apples (1 lb)	$2.33	$1.40 ISK175	-39.8%
Bananas (1 lb)	$0.69	$1.01 ISK126	+45.6%
Oranges (1 lb)	$1.94	$1.22 ISK152	-37.1%
Tomatoes (1 lb)	$1.61	$2.22 ISK277	+38.5%
Potatoes (1 lb)	$1.25	$1.43 ISK179	+14.8%
Onions (1 lb)	$1.25	$0.93 ISK116	-25.1%
Average			+23.0%

Austin vs. Reykjavik - Cost of groceries

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pay 78.3% more for transportation

	Austin	Reykjavik
Gasoline (1 gallon)	$3.04	$8.50 ISK1,060	+179.9%
Monthly public transit pass	$45.00	$74.95 ISK9,343	+66.6%
New Volkswagen Golf 1.4 (standard edition)	$35,000.00	$42,450.45 ISK5,291,449	+21.3%
Taxi trip in downtown area (5 miles)	$16.55	$24.05 ISK2,998	+45.3%
Average			+78.3%

Austin vs. Reykjavik - Cost of transportation

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pay 13.7% less for housing

	Austin	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$70.43	$69.87 ISK8,709	-0.8%
1-Bedroom apartment in downtown area	$2,280.66	$1,971.17 ISK245,706	-13.6%
1-Bedroom apartment outside city center	$1,508.91	$1,803.44 ISK224,799	+19.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$134.36	$53.95 ISK6,725	-59.8%
Average			-13.7%

Austin vs. Reykjavik - Cost of housing

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pay 77.5% less for childcare

	Austin	Reykjavik
Private preschool for 1 child, monthly	$1,465.00	$252.14 ISK31,429	-82.8%
Middle school for 1 child, two semesters	$21,625.00	$5,993.99 ISK747,151	-72.3%
Average			-77.5%

Austin vs. Reykjavik - Cost of childcare

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pay 30.0% more for entertainment and sports

	Austin	Reykjavik
Domestic/local beer (1 pint)	$6.00	$10.81 ISK1,348	+80.2%
Cappuccino in mid-range area	$5.31	$5.31 ISK661	-0.1%
Pack of cigarettes Marlboro or similar	$9.00	$12.25 ISK1,526	+36.1%
Monthly membership at local gym	$54.50	$69.95 ISK8,719	+28.3%
Movie ticket to theater/cinema	$14.00	$14.77 ISK1,842	+5.5%
Average			+30.0%

Austin vs. Reykjavik - Cost of entertainment and sports

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pay 44.8% more for clothing

	Austin	Reykjavik
Regular jeans Levi's brand	$63.62	$108.97 ISK13,583	+71.3%
Regular dress from H&M or similar store	$52.38	$49.72 ISK6,198	-5.1%
Running shoes Nike or Adidas	$89.78	$151.85 ISK18,929	+69.1%
Men's business shoes (leather)	$134.79	$194.16 ISK24,202	+44.0%
Average			+44.8%

Austin 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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