Cost of living comparison
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.
If you lived in Reykjavik instead of New Zealand, you would:
pay 52.8% more for restaurants
|
New Zealand
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.47
NZ$22.51
|
$20.00
ISK2,553
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.81
NZ$14.72
|
$18.02
ISK2,300
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.16
NZ$3.61
|
$3.15
ISK403
|
|
| Bottle of water (11 fl. oz) |
$1.94
NZ$3.25
|
$2.19
ISK279
|
|
pay 36.1% more for groceries
|
New Zealand
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.86
NZ$3.12
|
$3.61
ISK461
|
|
| Local cheese (8 oz) |
$3.77
NZ$6.30
|
$7.76
ISK990
|
|
| Milk (1 gallon) |
$6.55
NZ$10.93
|
$6.40
ISK818
|
|
|
Eggs
1 dozen
|
$5.92
NZ$9.90
|
$5.76
ISK735
|
|
| Boneless chicken breast (1 lb) |
$4.25
NZ$7.10
|
$9.45
ISK1,206
|
|
| Apples (1 lb) |
$1.15
NZ$1.92
|
$1.40
ISK179
|
|
| Bananas (1 lb) |
$1.04
NZ$1.74
|
$1.01
ISK129
|
|
| Oranges (1 lb) |
$1.31
NZ$2.18
|
$1.22
ISK155
|
|
| Tomatoes (1 lb) |
$2.31
NZ$3.86
|
$2.22
ISK284
|
|
| Potatoes (1 lb) |
$0.90
NZ$1.50
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$0.83
NZ$1.39
|
$0.93
ISK119
|
|
pay 37.5% more for transportation
|
New Zealand
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.26
NZ$10.46
|
$8.50
ISK1,085
|
|
| Monthly public transit pass |
$69.15
NZ$115.53
|
$74.95
ISK9,569
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,735.85
NZ$41,322.85
|
$42,450.45
ISK5,419,224
|
|
| Taxi trip in downtown area (5 miles) |
$17.90
NZ$29.90
|
$24.05
ISK3,070
|
|
pay 53.5% more for housing
|
New Zealand
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$51.16
NZ$85.46
|
$69.87
ISK8,919
|
|
| 1-Bedroom apartment in downtown area |
$1,007.66
NZ$1,683.37
|
$1,971.17
ISK251,640
|
|
| 1-Bedroom apartment outside city center |
$809.64
NZ$1,352.55
|
$1,803.44
ISK230,227
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$91.68
NZ$153.15
|
$53.95
ISK6,888
|
|
pay 51.3% less for childcare
|
New Zealand
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$611.89
NZ$1,022.20
|
$252.14
ISK32,188
|
|
| Middle school for 1 child, two semesters |
$10,661.07
NZ$17,810.01
|
$5,993.99
ISK765,193
|
|
pay 41.7% more for entertainment and sports
|
New Zealand
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.10
NZ$10.18
|
$10.81
ISK1,380
|
|
| Cappuccino in mid-range area |
$3.30
NZ$5.52
|
$5.31
ISK677
|
|
|
Pack of cigarettes
Marlboro or similar
|
$22.88
NZ$38.22
|
$12.25
ISK1,563
|
|
| Monthly membership at local gym |
$38.53
NZ$64.36
|
$69.95
ISK8,929
|
|
| Movie ticket to theater/cinema |
$10.92
NZ$18.24
|
$14.77
ISK1,886
|
|
pay 52.6% more for clothing
|
New Zealand
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$65.31
NZ$109.10
|
$108.97
ISK13,911
|
|
|
Regular dress
from H&M or similar store
|
$40.78
NZ$68.13
|
$49.72
ISK6,347
|
|
|
Running shoes
Nike or Adidas
|
$93.71
NZ$156.55
|
$151.85
ISK19,386
|
|
| Men's business shoes (leather) |
$121.74
NZ$203.38
|
$194.16
ISK24,786
|
|
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