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:

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

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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

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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

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pay 13.7% less for housing

 
Austin
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$70.43
 
$69.87
ISK8,890
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

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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

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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

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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

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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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