Cost of living comparison

 Jersey City (NJ), United States
compared to
 Reykjavik, Iceland
Reykjavik vs. Jersey City Cost of Living Summary

Reykjavik is 12.7% more expensive than Jersey City.

Restaurants
pay 46.3% more in Reykjavik
Groceries
pay 7.8% more in Reykjavik
Transportation
pay 39.5% more in Reykjavik
Housing
pay 22.3% less in Reykjavik
Childcare
pay 80.6% less in Reykjavik
Entertainment and Sports
pay 24.1% more in Reykjavik
Clothing
pay 74.2% more in Reykjavik

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

Reykjavik vs. Jersey City Cost Breakdown

If you lived in Reykjavik instead of Jersey City, you would:

pay 46.3% more for restaurants

 
Jersey City
Reykjavik
Basic meal with drink at inexpensive restaurant $20.00
 
$20.00
ISK2,545
Fast food combo meal
McDonalds, or similar
$10.50
 
$18.02
ISK2,293
Bottle of Coca-Cola (11 fl. oz) $2.28
 
$3.15
ISK401

Improve prices ·

pay 7.8% more for groceries

 
Jersey City
Reykjavik
Bread
1 loaf
$3.70
 
$3.61
ISK459
Local cheese (8 oz) $8.81
 
$7.76
ISK987
Milk (1 gallon) $4.99
 
$6.40
ISK815

Improve prices ·

pay 39.5% more for transportation

 
Jersey City
Reykjavik
Gasoline (1 gallon) $3.44
 
$8.50
ISK1,082
Monthly public transit pass $110.00
 
$74.95
ISK9,538
New Volkswagen Golf 1.4 (standard edition) $35,911.24
 
$42,450.45
ISK5,401,820

Improve prices ·

pay 22.3% less for housing

 
Jersey City
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$64.00
 
$69.87
ISK8,890
1-Bedroom apartment in downtown area $3,134.62
 
$1,971.17
ISK250,832
1-Bedroom apartment outside city center $2,275.00
 
$1,803.44
ISK229,488

Improve prices ·

pay 80.6% less for childcare

 
Jersey City
Reykjavik
Private preschool for 1 child, monthly $2,070.83
 
$252.14
ISK32,085
Middle school for 1 child, two semesters $22,500.00
 
$5,993.99
ISK762,736

Improve prices ·

pay 24.1% more for entertainment and sports

 
Jersey City
Reykjavik
Domestic/local beer (1 pint) $5.00
 
$10.81
ISK1,376
Cappuccino in mid-range area $4.86
 
$5.31
ISK675
Pack of cigarettes
Marlboro or similar
$11.98
 
$12.25
ISK1,558

Improve prices ·

pay 74.2% more for clothing

 
Jersey City
Reykjavik
Regular jeans
Levi's brand
$54.50
 
$108.97
ISK13,867
Regular dress
from H&M or similar store
$37.86
 
$49.72
ISK6,327
Running shoes
Nike or Adidas
$79.00
 
$151.85
ISK19,323

Improve prices ·
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
Share this

Compare countries by overall cost of living

See the cost of living in United States vs. Iceland. This provides a comparison of the average cost of living from cities within United States and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Reykjavik or Jersey City. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.