Cost of living comparison
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.
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
ISK2,482
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.50
|
$18.02
ISK2,236
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.28
|
$3.15
ISK391
|
|
| Bottle of water (11 fl. oz) |
$1.69
|
$2.19
ISK271
|
|
pay 7.8% more for groceries
|
Jersey City
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.70
|
$3.61
ISK448
|
|
| Local cheese (8 oz) |
$8.81
|
$7.76
ISK963
|
|
| Milk (1 gallon) |
$4.99
|
$6.40
ISK795
|
|
|
Eggs
1 dozen
|
$3.98
|
$5.76
ISK714
|
|
| Boneless chicken breast (1 lb) |
$5.30
|
$9.45
ISK1,172
|
|
| Apples (1 lb) |
$2.37
|
$1.40
ISK174
|
|
| Bananas (1 lb) |
$0.74
|
$1.01
ISK125
|
|
| Oranges (1 lb) |
$2.06
|
$1.22
ISK151
|
|
| Tomatoes (1 lb) |
$1.87
|
$2.22
ISK276
|
|
| Potatoes (1 lb) |
$1.29
|
$1.43
ISK178
|
|
| Onions (1 lb) |
$1.46
|
$0.93
ISK116
|
|
pay 39.5% more for transportation
|
Jersey City
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.44
|
$8.50
ISK1,055
|
|
| Monthly public transit pass |
$110.00
|
$74.95
ISK9,302
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,911.24
|
$42,450.45
ISK5,268,101
|
|
| Taxi trip in downtown area (5 miles) |
$19.25
|
$24.05
ISK2,985
|
|
pay 22.3% less for housing
|
Jersey City
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$64.00
|
$69.87
ISK8,670
|
|
| 1-Bedroom apartment in downtown area |
$3,134.62
|
$1,971.17
ISK244,622
|
|
| 1-Bedroom apartment outside city center |
$2,275.00
|
$1,803.44
ISK223,807
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$90.80
|
$53.95
ISK6,696
|
|
pay 80.6% less for childcare
|
Jersey City
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,070.83
|
$252.14
ISK31,291
|
|
| Middle school for 1 child, two semesters |
$22,500.00
|
$5,993.99
ISK743,855
|
|
pay 24.1% more for entertainment and sports
|
Jersey City
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.00
|
$10.81
ISK1,342
|
|
| Cappuccino in mid-range area |
$4.86
|
$5.31
ISK658
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.98
|
$12.25
ISK1,520
|
|
| Monthly membership at local gym |
$80.00
|
$69.95
ISK8,680
|
|
| Movie ticket to theater/cinema |
$14.00
|
$14.77
ISK1,834
|
|
pay 74.2% more for clothing
|
Jersey City
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$54.50
|
$108.97
ISK13,523
|
|
|
Regular dress
from H&M or similar store
|
$37.86
|
$49.72
ISK6,170
|
|
|
Running shoes
Nike or Adidas
|
$79.00
|
$151.85
ISK18,845
|
|
| Men's business shoes (leather) |
$111.88
|
$194.16
ISK24,095
|
|
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