Cost of living comparison
Reykjavik is 1.8% cheaper than Palo Alto.
If you lived in Reykjavik instead of Palo Alto, you would:
pay 8.8% more for restaurants
|
Palo Alto
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$27.50
|
$20.00
ISK2,775
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.50
|
$18.02
ISK2,500
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.00
|
$3.15
ISK438
|
|
| Bottle of water (11 fl. oz) |
$2.17
|
$2.19
ISK303
|
|
pay 14.1% less for groceries
|
Palo Alto
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$5.22
|
$3.61
ISK501
|
|
| Local cheese (8 oz) |
$8.45
|
$7.76
ISK1,076
|
|
| Milk (1 gallon) |
$5.33
|
$6.40
ISK889
|
|
|
Eggs
1 dozen
|
$5.50
|
$5.76
ISK799
|
|
| Boneless chicken breast (1 lb) |
$7.75
|
$9.45
ISK1,311
|
|
| Apples (1 lb) |
$3.30
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$0.90
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$1.60
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$3.00
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$1.89
|
$1.43
ISK199
|
|
| Onions (1 lb) |
$1.66
|
$0.93
ISK130
|
|
pay 32.0% more for transportation
|
Palo Alto
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.85
|
$8.50
ISK1,179
|
|
| Monthly public transit pass |
$90.00
|
$74.95
ISK10,399
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,530.00
|
$42,450.45
ISK5,889,576
|
|
| Taxi trip in downtown area (5 miles) |
$18.41
|
$24.05
ISK3,337
|
|
pay 36.0% less for housing
|
Palo Alto
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$60.00
|
$69.87
ISK9,693
|
|
| 1-Bedroom apartment in downtown area |
$3,397.50
|
$1,971.17
ISK273,480
|
|
| 1-Bedroom apartment outside city center |
$3,198.33
|
$1,803.44
ISK250,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$213.87
|
$53.95
ISK7,485
|
|
pay 87.4% less for childcare
|
Palo Alto
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,705.00
|
$252.14
ISK34,982
|
|
| Middle school for 1 child, two semesters |
$37,770.00
|
$5,993.99
ISK831,607
|
|
pay 0.2% more for entertainment and sports
|
Palo Alto
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.00
|
$10.81
ISK1,500
|
|
| Cappuccino in mid-range area |
$5.10
|
$5.31
ISK736
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.00
|
$12.25
ISK1,699
|
|
| Monthly membership at local gym |
$120.00
|
$69.95
ISK9,704
|
|
| Movie ticket to theater/cinema |
$15.99
|
$14.77
ISK2,050
|
|
pay 83.8% more for clothing
|
Palo Alto
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.00
|
$108.97
ISK15,119
|
|
|
Regular dress
from H&M or similar store
|
$36.12
|
$49.72
ISK6,898
|
|
|
Running shoes
Nike or Adidas
|
$80.00
|
$151.85
ISK21,068
|
|
| Men's business shoes (leather) |
$117.22
|
$194.16
ISK26,937
|
|
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