Cost of living comparison
Reykjavik is 14.7% cheaper than New York City.
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
ISK2,794
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$18.02
ISK2,517
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.22
|
$3.15
ISK441
|
|
| Bottle of water (11 fl. oz) |
$2.39
|
$2.19
ISK305
|
|
pay 14.9% less for groceries
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.82
|
$3.61
ISK504
|
|
| Local cheese (8 oz) |
$8.52
|
$7.76
ISK1,084
|
|
| Milk (1 gallon) |
$5.80
|
$6.40
ISK895
|
|
|
Eggs
1 dozen
|
$5.06
|
$5.76
ISK804
|
|
| Boneless chicken breast (1 lb) |
$6.82
|
$9.45
ISK1,320
|
|
| Apples (1 lb) |
$3.25
|
$1.40
ISK196
|
|
| Bananas (1 lb) |
$1.04
|
$1.01
ISK141
|
|
| Oranges (1 lb) |
$2.67
|
$1.22
ISK170
|
|
| Tomatoes (1 lb) |
$2.70
|
$2.22
ISK311
|
|
| Potatoes (1 lb) |
$1.73
|
$1.43
ISK200
|
|
| Onions (1 lb) |
$1.66
|
$0.93
ISK130
|
|
pay 27.2% more for transportation
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.80
|
$8.50
ISK1,187
|
|
| Monthly public transit pass |
$132.50
|
$74.95
ISK10,470
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,000.00
|
$42,450.45
ISK5,929,479
|
|
| Taxi trip in downtown area (5 miles) |
$22.40
|
$24.05
ISK3,359
|
|
pay 36.8% less for housing
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.20
|
$69.87
ISK9,759
|
|
| 1-Bedroom apartment in downtown area |
$4,097.13
|
$1,971.17
ISK275,333
|
|
| 1-Bedroom apartment outside city center |
$2,883.17
|
$1,803.44
ISK251,904
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$136.26
|
$53.95
ISK7,536
|
|
pay 91.0% less for childcare
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$3,253.56
|
$252.14
ISK35,219
|
|
| Middle school for 1 child, two semesters |
$59,000.00
|
$5,993.99
ISK837,241
|
|
pay 19.5% less for entertainment and sports
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.00
|
$10.81
ISK1,510
|
|
| Cappuccino in mid-range area |
$5.95
|
$5.31
ISK741
|
|
|
Pack of cigarettes
Marlboro or similar
|
$17.00
|
$12.25
ISK1,710
|
|
| Monthly membership at local gym |
$148.06
|
$69.95
ISK9,770
|
|
| Movie ticket to theater/cinema |
$20.00
|
$14.77
ISK2,064
|
|
pay 30.8% more for clothing
|
New York City
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$68.92
|
$108.97
ISK15,221
|
|
|
Regular dress
from H&M or similar store
|
$45.62
|
$49.72
ISK6,945
|
|
|
Running shoes
Nike or Adidas
|
$107.85
|
$151.85
ISK21,211
|
|
| Men's business shoes (leather) |
$168.36
|
$194.16
ISK27,120
|
|
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