Cost of living comparison

compared to

Reykjavik vs. New Zealand Cost of Living Summary

Reykjavik is 31.8% more expensive than New Zealand overall.

Restaurants: pay 52.8% more in Reykjavik
Groceries: pay 36.1% more in Reykjavik
Transportation: pay 37.5% more in Reykjavik
Housing: pay 53.5% more in Reykjavik
Childcare: pay 51.3% less in Reykjavik
Entertainment and Sports: pay 41.7% more in Reykjavik
Clothing: pay 52.6% more in Reykjavik

The cost of housing, restaurants, clothing, entertainment and sports, transportation, and groceries in Reykjavik are more expensive than in New Zealand.

Reykjavik vs. New Zealand Cost Breakdown

If you lived in Reykjavik instead of New Zealand, you would:

Display currency: USD

pay 52.8% more for restaurants

	New Zealand	Reykjavik
Basic meal with drink at inexpensive restaurant	$13.47 NZ$24.23	$20.00 ISK2,825	+48.4%
Fast food combo meal McDonalds, or similar	$8.81 NZ$15.84	$18.02 ISK2,545	+104.5%
Bottle of Coca-Cola (11 fl. oz)	$2.16 NZ$3.89	$3.15 ISK445	+45.8%
Bottle of water (11 fl. oz)	$1.94 NZ$3.50	$2.19 ISK309	+12.4%
Average			+52.8%

New Zealand vs. Reykjavik - Cost of restaurants

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pay 36.1% more for groceries

	New Zealand	Reykjavik
Bread 1 loaf	$1.86 NZ$3.35	$3.61 ISK510	+93.6%
Local cheese (8 oz)	$3.77 NZ$6.78	$7.76 ISK1,096	+105.9%
Milk (1 gallon)	$6.55 NZ$11.77	$6.40 ISK905	-2.2%
Eggs 1 dozen	$5.92 NZ$10.65	$5.76 ISK813	-2.8%
Boneless chicken breast (1 lb)	$4.25 NZ$7.64	$9.45 ISK1,334	+122.3%
Apples (1 lb)	$1.15 NZ$2.06	$1.40 ISK198	+22.2%
Bananas (1 lb)	$1.04 NZ$1.87	$1.01 ISK143	-3.1%
Oranges (1 lb)	$1.31 NZ$2.35	$1.22 ISK172	-6.9%
Tomatoes (1 lb)	$2.31 NZ$4.15	$2.22 ISK314	-3.7%
Potatoes (1 lb)	$0.90 NZ$1.62	$1.43 ISK203	+59.7%
Onions (1 lb)	$0.83 NZ$1.49	$0.93 ISK132	+12.4%
Average			+36.1%

New Zealand vs. Reykjavik - Cost of groceries

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pay 37.5% more for transportation

	New Zealand	Reykjavik
Gasoline (1 gallon)	$6.26 NZ$11.26	$8.50 ISK1,201	+35.8%
Monthly public transit pass	$69.15 NZ$124.35	$74.95 ISK10,587	+8.4%
New Volkswagen Golf 1.4 (standard edition)	$24,735.85 NZ$44,480.95	$42,450.45 ISK5,995,702	+71.6%
Taxi trip in downtown area (5 miles)	$17.90 NZ$32.19	$24.05 ISK3,397	+34.4%
Average			+37.5%

New Zealand vs. Reykjavik - Cost of transportation

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pay 53.5% more for housing

	New Zealand	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$51.16 NZ$91.99	$69.87 ISK9,868	+36.6%
1-Bedroom apartment in downtown area	$1,007.66 NZ$1,812.02	$1,971.17 ISK278,408	+95.6%
1-Bedroom apartment outside city center	$809.64 NZ$1,455.92	$1,803.44 ISK254,718	+122.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$91.68 NZ$164.86	$53.95 ISK7,620	-41.1%
Average			+53.5%

New Zealand vs. Reykjavik - Cost of housing

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pay 51.3% less for childcare

	New Zealand	Reykjavik
Private preschool for 1 child, monthly	$611.89 NZ$1,100.32	$252.14 ISK35,612	-58.8%
Middle school for 1 child, two semesters	$10,661.07 NZ$19,171.14	$5,993.99 ISK846,592	-43.8%
Average			-51.3%

New Zealand vs. Reykjavik - Cost of childcare

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pay 41.7% more for entertainment and sports

	New Zealand	Reykjavik
Domestic/local beer (1 pint)	$6.10 NZ$10.96	$10.81 ISK1,527	+77.3%
Cappuccino in mid-range area	$3.30 NZ$5.94	$5.31 ISK749	+60.7%
Pack of cigarettes Marlboro or similar	$22.88 NZ$41.14	$12.25 ISK1,729	-46.5%
Monthly membership at local gym	$38.53 NZ$69.28	$69.95 ISK9,879	+81.5%
Movie ticket to theater/cinema	$10.92 NZ$19.63	$14.77 ISK2,087	+35.3%
Average			+41.7%

New Zealand vs. Reykjavik - Cost of entertainment and sports

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pay 52.6% more for clothing

	New Zealand	Reykjavik
Regular jeans Levi's brand	$65.31 NZ$117.44	$108.97 ISK15,391	+66.9%
Regular dress from H&M or similar store	$40.78 NZ$73.34	$49.72 ISK7,023	+21.9%
Running shoes Nike or Adidas	$93.71 NZ$168.51	$151.85 ISK21,448	+62.0%
Men's business shoes (leather)	$121.74 NZ$218.92	$194.16 ISK27,423	+59.5%
Average			+52.6%

New Zealand vs. Reykjavik - 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: January 2025

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