Cost of living comparison

compared to

Reykjavik vs. Hoboken Cost of Living Summary

Reykjavik is 13.6% more expensive than Hoboken.

Restaurants: pay 39.0% more in Reykjavik
Groceries: pay 19.2% more in Reykjavik
Transportation: pay 39.9% more in Reykjavik
Housing: pay 3.5% less in Reykjavik
Childcare: pay 85.6% less in Reykjavik
Entertainment and Sports: pay 13.5% more in Reykjavik
Clothing: pay 72.7% more in Reykjavik

The cost of clothing, transportation, restaurants, groceries, and entertainment and sports in Reykjavik are more expensive than in Hoboken. Expenses including childcare and housing are lower in Reykjavik.

Reykjavik vs. Hoboken Cost Breakdown

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

Display currency: USD

pay 39.0% more for restaurants

	Hoboken	Reykjavik
Basic meal with drink at inexpensive restaurant	$15.00	$20.00 ISK2,825	+33.3%
Fast food combo meal McDonalds, or similar	$10.00	$18.02 ISK2,545	+80.2%
Bottle of Coca-Cola (11 fl. oz)	$2.37	$3.15 ISK445	+32.9%
Bottle of water (11 fl. oz)	$2.00	$2.19 ISK309	+9.5%
Average			+39.0%

Hoboken vs. Reykjavik - Cost of restaurants

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pay 19.2% more for groceries

	Hoboken	Reykjavik
Bread 1 loaf	$4.04	$3.61 ISK510	-10.6%
Local cheese (8 oz)	$3.31	$7.76 ISK1,096	+134.6%
Milk (1 gallon)	$4.19	$6.40 ISK905	+52.7%
Eggs 1 dozen	$3.46	$5.76 ISK813	+66.2%
Boneless chicken breast (1 lb)	$5.00	$9.45 ISK1,334	+88.9%
Apples (1 lb)	$2.45	$1.40 ISK198	-42.8%
Bananas (1 lb)	$1.12	$1.01 ISK143	-10.0%
Oranges (1 lb)	$2.25	$1.22 ISK172	-45.9%
Tomatoes (1 lb)	$2.47	$2.22 ISK314	-9.9%
Potatoes (1 lb)	$1.14	$1.43 ISK203	+26.3%
Onions (1 lb)	$1.53	$0.93 ISK132	-38.8%
Average			+19.2%

Hoboken vs. Reykjavik - Cost of groceries

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pay 39.9% more for transportation

	Hoboken	Reykjavik
Gasoline (1 gallon)	$3.43	$8.50 ISK1,201	+148.0%
Monthly public transit pass	$132.00	$74.95 ISK10,587	-43.2%
New Volkswagen Golf 1.4 (standard edition)	$36,344.69	$42,450.45 ISK5,995,702	+16.8%
Taxi trip in downtown area (5 miles)	$17.46	$24.05 ISK3,397	+37.8%
Average			+39.9%

Hoboken vs. Reykjavik - Cost of transportation

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pay 3.5% less for housing

	Hoboken	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$40.00	$69.87 ISK9,868	+74.7%
1-Bedroom apartment in downtown area	$3,775.00	$1,971.17 ISK278,408	-47.8%
1-Bedroom apartment outside city center	$2,225.00	$1,803.44 ISK254,718	-18.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$69.33	$53.95 ISK7,620	-22.2%
Average			-3.5%

Hoboken vs. Reykjavik - Cost of housing

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pay 85.6% less for childcare

	Hoboken	Reykjavik
Private preschool for 1 child, monthly	$1,750.00	$252.14 ISK35,612	-85.6%
Middle school for 1 child, two semesters	??	$5,993.99 ISK846,592
Average			-85.6%

Hoboken vs. Reykjavik - Cost of childcare

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pay 13.5% more for entertainment and sports

	Hoboken	Reykjavik
Domestic/local beer (1 pint)	$8.00	$10.81 ISK1,527	+35.1%
Cappuccino in mid-range area	$5.00	$5.31 ISK749	+6.1%
Pack of cigarettes Marlboro or similar	$12.00	$12.25 ISK1,729	+2.0%
Monthly membership at local gym	$50.00	$69.95 ISK9,879	+39.9%
Movie ticket to theater/cinema	$17.50	$14.77 ISK2,087	-15.6%
Average			+13.5%

Hoboken vs. Reykjavik - Cost of entertainment and sports

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pay 72.7% more for clothing

	Hoboken	Reykjavik
Regular jeans Levi's brand	$50.00	$108.97 ISK15,391	+117.9%
Regular dress from H&M or similar store	$49.95	$49.72 ISK7,023	-0.5%
Running shoes Nike or Adidas	$86.67	$151.85 ISK21,448	+75.2%
Men's business shoes (leather)	$98.00	$194.16 ISK27,423	+98.1%
Average			+72.7%

Hoboken 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: January 2025

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