Cost of living comparison
Reykjavik is 14.7% cheaper than New York City.
- Restaurants
-
pay 1.6% more in Reykjavik
- Groceries
-
pay 14.9% less in Reykjavik
- Transportation
-
pay 27.2% more in Reykjavik
- Housing
-
pay 36.8% less in Reykjavik
- Childcare
-
pay 91.0% less in Reykjavik
- Entertainment and Sports
-
pay 19.5% less in Reykjavik
- Clothing
-
pay 30.8% more in Reykjavik
The cost of clothing, transportation, and restaurants in Reykjavik are more expensive than in New York City. Expenses including childcare, housing, entertainment and sports, and groceries are lower in Reykjavik.
If you lived in Reykjavik instead of New York City, you would:
pay 1.6% more for restaurants
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$30.00
|
$20.00
ISK2,772
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$18.02
ISK2,498
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.22
|
$3.15
ISK437
|
|
| Bottle of water (11 fl. oz) |
$2.39
|
$2.19
ISK303
|
|
pay 14.9% less for groceries
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.82
|
$3.61
ISK500
|
|
| Local cheese (8 oz) |
$8.52
|
$7.76
ISK1,075
|
|
| Milk (1 gallon) |
$5.80
|
$6.40
ISK888
|
|
|
Eggs
1 dozen
|
$5.06
|
$5.76
ISK798
|
|
| Boneless chicken breast (1 lb) |
$6.82
|
$9.45
ISK1,310
|
|
| Apples (1 lb) |
$3.25
|
$1.40
ISK194
|
|
| Bananas (1 lb) |
$1.04
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$2.67
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$2.70
|
$2.22
ISK308
|
|
| Potatoes (1 lb) |
$1.73
|
$1.43
ISK199
|
|
| Onions (1 lb) |
$1.66
|
$0.93
ISK129
|
|
pay 27.2% more for transportation
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.80
|
$8.50
ISK1,178
|
|
| Monthly public transit pass |
$132.50
|
$74.95
ISK10,390
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,000.00
|
$42,450.45
ISK5,884,481
|
|
| Taxi trip in downtown area (5 miles) |
$22.40
|
$24.05
ISK3,334
|
|
pay 36.8% less for housing
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.20
|
$69.87
ISK9,685
|
|
| 1-Bedroom apartment in downtown area |
$4,097.13
|
$1,971.17
ISK273,244
|
|
| 1-Bedroom apartment outside city center |
$2,883.17
|
$1,803.44
ISK249,993
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$136.26
|
$53.95
ISK7,479
|
|
pay 91.0% less for childcare
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$3,253.56
|
$252.14
ISK34,952
|
|
| Middle school for 1 child, two semesters |
$59,000.00
|
$5,993.99
ISK830,887
|
|
pay 19.5% less for entertainment and sports
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.00
|
$10.81
ISK1,499
|
|
| Cappuccino in mid-range area |
$5.95
|
$5.31
ISK735
|
|
|
Pack of cigarettes
Marlboro or similar
|
$17.00
|
$12.25
ISK1,697
|
|
| Monthly membership at local gym |
$148.06
|
$69.95
ISK9,696
|
|
| Movie ticket to theater/cinema |
$20.00
|
$14.77
ISK2,048
|
|
pay 30.8% more for clothing
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$68.92
|
$108.97
ISK15,106
|
|
|
Regular dress
from H&M or similar store
|
$45.62
|
$49.72
ISK6,892
|
|
|
Running shoes
Nike or Adidas
|
$107.85
|
$151.85
ISK21,050
|
|
| Men's business shoes (leather) |
$168.36
|
$194.16
ISK26,914
|
|
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