Cost of living comparison
Reykjavik is 20.4% more expensive than Palmer.
- Restaurants
-
pay 23.5% more in Reykjavik
- Groceries
-
pay 9.4% more in Reykjavik
- Transportation
-
pay 66.6% more in Reykjavik
- Housing
-
pay 0.9% less in Reykjavik
- Childcare
-
pay 58.0% less in Reykjavik
- Entertainment and Sports
-
pay 29.0% more in Reykjavik
- Clothing
-
pay 73.2% more in Reykjavik
The cost of clothing, transportation, entertainment and sports, restaurants, and groceries in Reykjavik are more expensive than in Palmer. Expenses including childcare and housing are lower in Reykjavik.
If you lived in Reykjavik instead of Palmer, you would:
pay 23.5% more for restaurants
|
Palmer
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.00
|
$20.00
ISK2,557
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.50
|
$18.02
ISK2,304
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.38
|
$3.15
ISK403
|
|
| Bottle of water (11 fl. oz) |
$2.00
|
$2.19
ISK279
|
|
pay 9.4% more for groceries
|
Palmer
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.99
|
$3.61
ISK462
|
|
| Local cheese (8 oz) |
$6.17
|
$7.76
ISK992
|
|
| Milk (1 gallon) |
$4.18
|
$6.40
ISK819
|
|
|
Eggs
1 dozen
|
$3.10
|
$5.76
ISK736
|
|
| Boneless chicken breast (1 lb) |
$5.79
|
$9.45
ISK1,208
|
|
| Apples (1 lb) |
$3.31
|
$1.40
ISK179
|
|
| Bananas (1 lb) |
$0.89
|
$1.01
ISK129
|
|
| Oranges (1 lb) |
$2.75
|
$1.22
ISK156
|
|
| Tomatoes (1 lb) |
$3.23
|
$2.22
ISK284
|
|
| Potatoes (1 lb) |
$0.96
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$1.41
|
$0.93
ISK119
|
|
pay 66.6% more for transportation
|
Palmer
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.04
|
$8.50
ISK1,087
|
|
| Monthly public transit pass |
$60.00
|
$74.95
ISK9,583
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,000.00
|
$42,450.45
ISK5,427,290
|
|
| Taxi trip in downtown area (5 miles) |
$16.42
|
$24.05
ISK3,075
|
|
pay 0.9% less for housing
|
Palmer
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$129.33
|
$69.87
ISK8,932
|
|
| 1-Bedroom apartment in downtown area |
$1,350.00
|
$1,971.17
ISK252,014
|
|
| 1-Bedroom apartment outside city center |
$1,175.00
|
$1,803.44
ISK230,570
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$126.18
|
$53.95
ISK6,898
|
|
pay 58.0% less for childcare
|
Palmer
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$962.50
|
$252.14
ISK32,236
|
|
| Middle school for 1 child, two semesters |
$10,350.00
|
$5,993.99
ISK766,332
|
|
pay 29.0% more for entertainment and sports
|
Palmer
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.00
|
$10.81
ISK1,382
|
|
| Cappuccino in mid-range area |
$4.75
|
$5.31
ISK678
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.90
|
$12.25
ISK1,566
|
|
| Monthly membership at local gym |
$75.00
|
$69.95
ISK8,943
|
|
| Movie ticket to theater/cinema |
$10.00
|
$14.77
ISK1,889
|
|
pay 73.2% more for clothing
|
Palmer
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.80
|
$108.97
ISK13,932
|
|
|
Regular dress
from H&M or similar store
|
$45.00
|
$49.72
ISK6,357
|
|
|
Running shoes
Nike or Adidas
|
$93.58
|
$151.85
ISK19,415
|
|
| Men's business shoes (leather) |
$101.25
|
$194.16
ISK24,823
|
|
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