Cost of living comparison

Keflavik, Iceland

compared to

Wellington, New Zealand

Wellington vs. Keflavik Cost of Living Summary

Wellington is 37.0% more expensive than Keflavik.

Restaurants: pay 19.5% less in Wellington
Groceries: pay 12.0% more in Wellington
Transportation: pay 2.3% less in Wellington
Housing: pay 90.6% more in Wellington
Childcare: pay 2.8 times more in Wellington
Entertainment and Sports: pay 15.7% more in Wellington
Clothing: pay 16.0% less in Wellington

The cost of childcare, housing, entertainment and sports, and groceries in Wellington are more expensive than in Keflavik. Expenses including restaurants, clothing, and transportation are lower in Wellington. Notably, childcare and housing are significantly more expensive in Wellington.

Wellington vs. Keflavik Cost Breakdown

If you lived in Wellington instead of Keflavik, you would:

Display currency: USD

pay 19.5% less for restaurants

	Keflavik	Wellington
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,527	$14.93 NZ$24.83	-25.3%
Fast food combo meal McDonalds, or similar	$15.10 ISK1,908	$8.96 NZ$14.90	-40.7%
Bottle of Coca-Cola (11 fl. oz)	$2.88 ISK364	$2.57 NZ$4.28	-10.7%
Bottle of water (11 fl. oz)	$2.19 ISK276	$2.15 NZ$3.58	-1.4%
Average			-19.5%

Keflavik vs. Wellington - Cost of restaurants

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pay 12.0% more for groceries

	Keflavik	Wellington
Bread 1 loaf	$3.61 ISK456	$1.96 NZ$3.27	-45.6%
Local cheese (8 oz)	$7.76 ISK980	$4.15 NZ$6.90	-46.5%
Milk (1 gallon)	$6.40 ISK809	$6.98 NZ$11.61	+9.0%
Eggs 1 dozen	$5.40 ISK683	$6.84 NZ$11.38	+26.6%
Boneless chicken breast (1 lb)	$8.60 ISK1,087	$5.06 NZ$8.41	-41.2%
Apples (1 lb)	$0.92 ISK116	$1.40 NZ$2.32	+52.6%
Bananas (1 lb)	$0.92 ISK116	$1.09 NZ$1.81	+19.2%
Oranges (1 lb)	$0.98 ISK124	$1.48 NZ$2.45	+50.5%
Tomatoes (1 lb)	$1.50 ISK190	$2.61 NZ$4.34	+73.6%
Potatoes (1 lb)	$1.08 ISK136	$1.01 NZ$1.69	-6.0%
Onions (1 lb)	$0.60 ISK76	$0.84 NZ$1.39	+39.4%
Average			+12.0%

Keflavik vs. Wellington - Cost of groceries

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pay 2.3% less for transportation

	Keflavik	Wellington
Gasoline (1 gallon)	$8.49 ISK1,073	$6.42 NZ$10.67	-24.4%
Monthly public transit pass	$80.36 ISK10,155	$127.57 NZ$212.15	+58.7%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,364,463	$34,339.84 NZ$57,109.35	-19.1%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,039	$18.22 NZ$30.29	-24.3%
Average			-2.3%

Keflavik vs. Wellington - Cost of transportation

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pay 90.6% more for housing

	Keflavik	Wellington
Internet connection 50 mbps or faster, cable/dsl	$64.86 ISK8,197	$54.27 NZ$90.25	-16.3%
1-Bedroom apartment in downtown area	$1,345.35 ISK170,011	$1,487.35 NZ$2,473.55	+10.6%
1-Bedroom apartment outside city center	$960.96 ISK121,437	$1,335.17 NZ$2,220.48	+38.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$31.23 ISK3,947	$134.11 NZ$223.03	+329.4%
Average			+90.6%

Keflavik vs. Wellington - Cost of housing

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pay 2.8 times more for childcare

	Keflavik	Wellington
Private preschool for 1 child, monthly	$252.14 ISK31,863	$871.44 NZ$1,449.25	+245.6%
Middle school for 1 child, two semesters	$5,993.99 ISK757,461	$12,649.75 NZ$21,037.35	+111.0%
Average			+178.3%

Keflavik vs. Wellington - Cost of childcare

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pay 15.7% more for entertainment and sports

	Keflavik	Wellington
Domestic/local beer (1 pint)	$7.57 ISK956	$7.17 NZ$11.92	-5.3%
Cappuccino in mid-range area	$3.57 ISK451	$3.41 NZ$5.68	-4.3%
Pack of cigarettes Marlboro or similar	$10.77 ISK1,361	$24.46 NZ$40.67	+127.0%
Monthly membership at local gym	$57.66 ISK7,286	$39.85 NZ$66.27	-30.9%
Movie ticket to theater/cinema	$13.33 ISK1,685	$12.24 NZ$20.36	-8.2%
Average			+15.7%

Keflavik vs. Wellington - Cost of entertainment and sports

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pay 16.0% less for clothing

	Keflavik	Wellington
Regular jeans Levi's brand	$108.97 ISK13,771	$75.78 NZ$126.02	-30.5%
Regular dress from H&M or similar store	$49.72 ISK6,283	$55.09 NZ$91.62	+10.8%
Running shoes Nike or Adidas	$151.85 ISK19,190	$119.44 NZ$198.64	-21.3%
Men's business shoes (leather)	$168.17 ISK21,251	$129.60 NZ$215.53	-22.9%
Average			-16.0%

Keflavik vs. Wellington - 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: June 2025

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