Cost of living comparison
Reykjavik is 17.5% more expensive than Morristown.
- Restaurants
-
pay 14.8% more in Reykjavik
- Groceries
-
pay 5.4% more in Reykjavik
- Transportation
-
pay 72.6% more in Reykjavik
- Housing
-
pay 19.1% less in Reykjavik
- Childcare
-
pay 81.6% less in Reykjavik
- Entertainment and Sports
-
pay 25.6% more in Reykjavik
- Clothing
-
pay 2.0 times more in Reykjavik
The cost of clothing, transportation, entertainment and sports, restaurants, and groceries in Reykjavik are more expensive than in Morristown. Expenses including childcare and housing are lower in Reykjavik. Notably, clothing is significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Morristown, you would:
pay 14.8% more for restaurants
|
Morristown
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
|
$20.00
ISK2,825
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$18.02
ISK2,545
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.60
|
$3.15
ISK445
|
|
| Bottle of water (11 fl. oz) |
$3.00
|
$2.19
ISK309
|
|
pay 5.4% more for groceries
|
Morristown
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.04
|
$3.61
ISK510
|
|
| Local cheese (8 oz) |
$12.86
|
$7.76
ISK1,096
|
|
| Milk (1 gallon) |
$4.08
|
$6.40
ISK905
|
|
|
Eggs
1 dozen
|
$4.00
|
$5.76
ISK813
|
|
| Boneless chicken breast (1 lb) |
$3.00
|
$9.45
ISK1,334
|
|
| Apples (1 lb) |
$3.33
|
$1.40
ISK198
|
|
| Bananas (1 lb) |
$1.15
|
$1.01
ISK143
|
|
| Oranges (1 lb) |
$2.42
|
$1.22
ISK172
|
|
| Tomatoes (1 lb) |
$5.25
|
$2.22
ISK314
|
|
| Potatoes (1 lb) |
$1.24
|
$1.43
ISK203
|
|
| Onions (1 lb) |
$1.67
|
$0.93
ISK132
|
|
pay 72.6% more for transportation
|
Morristown
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.45
|
$8.50
ISK1,201
|
|
| Monthly public transit pass | ?? |
$74.95
ISK10,587
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,000.00
|
$42,450.45
ISK5,995,702
|
|
| Taxi trip in downtown area (5 miles) |
$25.46
|
$24.05
ISK3,397
|
|
pay 19.1% less for housing
|
Morristown
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$57.33
|
$69.87
ISK9,868
|
|
| 1-Bedroom apartment in downtown area |
$2,150.00
|
$1,971.17
ISK278,408
|
|
| 1-Bedroom apartment outside city center |
$2,550.00
|
$1,803.44
ISK254,718
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$137.65
|
$53.95
ISK7,620
|
|
pay 81.6% less for childcare
|
Morristown
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,366.67
|
$252.14
ISK35,612
|
|
| Middle school for 1 child, two semesters | ?? |
$5,993.99
ISK846,592
|
|
pay 25.6% more for entertainment and sports
|
Morristown
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.00
|
$10.81
ISK1,527
|
|
| Cappuccino in mid-range area |
$5.00
|
$5.31
ISK749
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.00
|
$12.25
ISK1,729
|
|
| Monthly membership at local gym |
$73.00
|
$69.95
ISK9,879
|
|
| Movie ticket to theater/cinema |
$15.00
|
$14.77
ISK2,087
|
|
pay 2.0 times more for clothing
|
Morristown
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$40.00
|
$108.97
ISK15,391
|
|
|
Regular dress
from H&M or similar store
|
$19.00
|
$49.72
ISK7,023
|
|
|
Running shoes
Nike or Adidas
|
$80.00
|
$151.85
ISK21,448
|
|
| Men's business shoes (leather) |
$202.50
|
$194.16
ISK27,423
|
|
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