Cost of living comparison
Reykjavik is 40.4% more expensive than Chapel Hill.
- Restaurants
-
pay 50.2% more in Reykjavik
- Groceries
-
pay 30.0% more in Reykjavik
- Transportation
-
pay 81.2% more in Reykjavik
- Housing
-
pay 2.4% more in Reykjavik
- Childcare
-
pay 82.0% less in Reykjavik
- Entertainment and Sports
-
pay 71.3% more in Reykjavik
- Clothing
-
pay 2.3 times more in Reykjavik
The cost of clothing, transportation, entertainment and sports, restaurants, groceries, and housing in Reykjavik are more expensive than in Chapel Hill. Notably, clothing and transportation are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Chapel Hill, you would:
pay 50.2% more for restaurants
|
Chapel Hill
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.00
|
$20.00
ISK2,796
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.41
|
$18.02
ISK2,519
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.20
|
$3.15
ISK441
|
|
| Bottle of water (11 fl. oz) |
$1.65
|
$2.19
ISK305
|
|
pay 30.0% more for groceries
|
Chapel Hill
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.31
|
$3.61
ISK505
|
|
| Local cheese (8 oz) |
$6.61
|
$7.76
ISK1,084
|
|
| Milk (1 gallon) |
$3.27
|
$6.40
ISK895
|
|
|
Eggs
1 dozen
|
$4.50
|
$5.76
ISK805
|
|
| Boneless chicken breast (1 lb) |
$2.50
|
$9.45
ISK1,321
|
|
| Apples (1 lb) |
$3.63
|
$1.40
ISK196
|
|
| Bananas (1 lb) |
$0.69
|
$1.01
ISK141
|
|
| Oranges (1 lb) |
$2.70
|
$1.22
ISK170
|
|
| Tomatoes (1 lb) |
$2.50
|
$2.22
ISK311
|
|
| Potatoes (1 lb) |
$1.27
|
$1.43
ISK201
|
|
| Onions (1 lb) |
$1.33
|
$0.93
ISK131
|
|
pay 81.2% more for transportation
|
Chapel Hill
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.24
|
$8.50
ISK1,188
|
|
| Monthly public transit pass | ?? |
$74.95
ISK10,477
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,344.68
|
$42,450.45
ISK5,933,724
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$24.05
ISK3,362
|
|
pay 2.4% more for housing
|
Chapel Hill
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$71.67
|
$69.87
ISK9,766
|
|
| 1-Bedroom apartment in downtown area |
$1,325.00
|
$1,971.17
ISK275,530
|
|
| 1-Bedroom apartment outside city center |
$1,475.00
|
$1,803.44
ISK252,085
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$131.70
|
$53.95
ISK7,542
|
|
pay 82.0% less for childcare
|
Chapel Hill
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,400.00
|
$252.14
ISK35,244
|
|
| Middle school for 1 child, two semesters | ?? |
$5,993.99
ISK837,840
|
|
pay 71.3% more for entertainment and sports
|
Chapel Hill
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.00
|
$10.81
ISK1,511
|
|
| Cappuccino in mid-range area |
$4.35
|
$5.31
ISK742
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.00
|
$12.25
ISK1,712
|
|
| Monthly membership at local gym |
$42.00
|
$69.95
ISK9,777
|
|
| Movie ticket to theater/cinema |
$10.00
|
$14.77
ISK2,065
|
|
pay 2.3 times more for clothing
|
Chapel Hill
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$46.25
|
$108.97
ISK15,232
|
|
|
Regular dress
from H&M or similar store
|
$22.33
|
$49.72
ISK6,950
|
|
|
Running shoes
Nike or Adidas
|
$67.00
|
$151.85
ISK21,226
|
|
| Men's business shoes (leather) |
$82.50
|
$194.16
ISK27,139
|
|
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