Cost of living comparison
Reykjavik is 4.8% more expensive than Iceland overall.
- Restaurants
-
pay 7.5% more in Reykjavik
- Groceries
-
pay 11.2% more in Reykjavik
- Transportation
-
pay 5.1% more in Reykjavik
- Housing
-
pay 4.3% more in Reykjavik
- Childcare
-
pay 2.3% less in Reykjavik
- Entertainment and Sports
-
pay 10.6% more in Reykjavik
- Clothing
-
pay 2.7% less in Reykjavik
The cost of groceries, entertainment and sports, restaurants, transportation, and housing in Reykjavik are more expensive than in Iceland. Expenses including clothing and childcare are lower in Reykjavik.
If you lived in Reykjavik instead of Iceland, you would:
pay 7.5% more for restaurants
|
Iceland
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,608
|
$20.00
ISK2,689
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,278
|
$18.02
ISK2,423
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK378
|
$3.15
ISK424
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK272
|
$2.19
ISK294
|
|
pay 11.2% more for groceries
|
Iceland
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK397
|
$3.61
ISK485
|
|
| Local cheese (8 oz) |
$7.27
ISK977
|
$7.76
ISK1,043
|
|
| Milk (1 gallon) |
$6.01
ISK808
|
$6.40
ISK861
|
|
|
Eggs
1 dozen
|
$5.42
ISK729
|
$5.76
ISK774
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,144
|
$9.45
ISK1,270
|
|
| Apples (1 lb) |
$1.22
ISK165
|
$1.40
ISK189
|
|
| Bananas (1 lb) |
$1.03
ISK138
|
$1.01
ISK136
|
|
| Oranges (1 lb) |
$1.17
ISK157
|
$1.22
ISK164
|
|
| Tomatoes (1 lb) |
$1.87
ISK252
|
$2.22
ISK299
|
|
| Potatoes (1 lb) |
$1.23
ISK166
|
$1.43
ISK193
|
|
| Onions (1 lb) |
$0.78
ISK106
|
$0.93
ISK126
|
|
pay 5.1% more for transportation
|
Iceland
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,124
|
$8.50
ISK1,143
|
|
| Monthly public transit pass |
$71.28
ISK9,584
|
$74.95
ISK10,078
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,467,232
|
$42,450.45
ISK5,707,888
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,963
|
$24.05
ISK3,234
|
|
pay 4.3% more for housing
|
Iceland
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,705
|
$69.87
ISK9,394
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK247,143
|
$1,971.17
ISK265,044
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK201,390
|
$1,803.44
ISK242,491
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,801
|
$53.95
ISK7,255
|
|
pay 2.3% less for childcare
|
Iceland
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK34,713
|
$252.14
ISK33,903
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK805,952
|
$5,993.99
ISK805,952
|
|
pay 10.6% more for entertainment and sports
|
Iceland
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,235
|
$10.81
ISK1,454
|
|
| Cappuccino in mid-range area |
$4.65
ISK625
|
$5.31
ISK713
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,581
|
$12.25
ISK1,646
|
|
| Monthly membership at local gym |
$61.46
ISK8,264
|
$69.95
ISK9,405
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,929
|
$14.77
ISK1,987
|
|
pay 2.7% less for clothing
|
Iceland
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,956
|
$108.97
ISK14,652
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,026
|
$49.72
ISK6,685
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,900
|
$151.85
ISK20,418
|
|
| Men's business shoes (leather) |
$184.49
ISK24,807
|
$194.16
ISK26,106
|
|
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