Cost of living comparison

compared to

Reykjavik vs. Parsippany-Troy Hills Cost of Living Summary

Reykjavik is 33.1% more expensive than Parsippany-Troy Hills.

Restaurants: pay 54.2% more in Reykjavik
Groceries: pay 54.4% more in Reykjavik
Transportation: pay 45.5% more in Reykjavik
Housing: pay 10.4% more in Reykjavik
Childcare: pay 81.6% less in Reykjavik
Entertainment and Sports: pay 62.5% more in Reykjavik
Clothing: pay 86.6% more in Reykjavik

The cost of clothing, entertainment and sports, groceries, restaurants, transportation, and housing in Reykjavik are more expensive than in Parsippany-Troy Hills. Notably, clothing is significantly more expensive in Reykjavik.

Reykjavik vs. Parsippany-Troy Hills Cost Breakdown

If you lived in Reykjavik instead of Parsippany-Troy Hills, you would:

Display currency: USD

pay 54.2% more for restaurants

	Parsippany-Troy Hills	Reykjavik
Basic meal with drink at inexpensive restaurant	$12.50	$20.00 ISK2,825	+60.0%
Fast food combo meal McDonalds, or similar	$9.50	$18.02 ISK2,545	+89.7%
Bottle of Coca-Cola (11 fl. oz)	$2.00	$3.15 ISK445	+57.7%
Bottle of water (11 fl. oz)	$2.00	$2.19 ISK309	+9.3%
Average			+54.2%

Parsippany-Troy Hills vs. Reykjavik - Cost of restaurants

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pay 54.4% more for groceries

	Parsippany-Troy Hills	Reykjavik
Bread 1 loaf	$4.04	$3.61 ISK510	-10.6%
Local cheese (8 oz)	$6.61	$7.76 ISK1,096	+17.3%
Milk (1 gallon)	$4.08	$6.40 ISK905	+56.9%
Eggs 1 dozen	$2.75	$5.76 ISK813	+109.3%
Boneless chicken breast (1 lb)	$3.00	$9.45 ISK1,334	+214.9%
Apples (1 lb)	$1.30	$1.40 ISK198	+7.9%
Bananas (1 lb)	$0.55	$1.01 ISK143	+83.5%
Oranges (1 lb)	$1.20	$1.22 ISK172	+1.5%
Tomatoes (1 lb)	$1.23	$2.22 ISK314	+80.4%
Potatoes (1 lb)	$1.00	$1.43 ISK203	+43.5%
Onions (1 lb)	$1.00	$0.93 ISK132	-6.6%
Average			+54.4%

Parsippany-Troy Hills vs. Reykjavik - Cost of groceries

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pay 45.5% more for transportation

	Parsippany-Troy Hills	Reykjavik
Gasoline (1 gallon)	$3.40	$8.50 ISK1,201	+149.7%
Monthly public transit pass	$95.00	$74.95 ISK10,587	-21.1%
New Volkswagen Golf 1.4 (standard edition)	$30,000.00	$42,450.45 ISK5,995,702	+41.5%
Taxi trip in downtown area (5 miles)	$21.46	$24.05 ISK3,397	+12.1%
Average			+45.5%

Parsippany-Troy Hills vs. Reykjavik - Cost of transportation

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pay 10.4% more for housing

	Parsippany-Troy Hills	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$40.00	$69.87 ISK9,868	+74.7%
1-Bedroom apartment in downtown area	$1,833.33	$1,971.17 ISK278,408	+7.5%
1-Bedroom apartment outside city center	$1,500.00	$1,803.44 ISK254,718	+20.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$137.65	$53.95 ISK7,620	-60.8%
Average			+10.4%

Parsippany-Troy Hills vs. Reykjavik - Cost of housing

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pay 81.6% less for childcare

	Parsippany-Troy Hills	Reykjavik
Private preschool for 1 child, monthly	$1,366.67	$252.14 ISK35,612	-81.6%
Middle school for 1 child, two semesters	??	$5,993.99 ISK846,592
Average			-81.6%

Parsippany-Troy Hills vs. Reykjavik - Cost of childcare

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pay 62.5% more for entertainment and sports

	Parsippany-Troy Hills	Reykjavik
Domestic/local beer (1 pint)	$6.00	$10.81 ISK1,527	+80.2%
Cappuccino in mid-range area	$4.50	$5.31 ISK749	+17.9%
Pack of cigarettes Marlboro or similar	$11.00	$12.25 ISK1,729	+11.3%
Monthly membership at local gym	$25.00	$69.95 ISK9,879	+179.8%
Movie ticket to theater/cinema	$12.00	$14.77 ISK2,087	+23.1%
Average			+62.5%

Parsippany-Troy Hills vs. Reykjavik - Cost of entertainment and sports

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pay 86.6% more for clothing

	Parsippany-Troy Hills	Reykjavik
Regular jeans Levi's brand	$32.50	$108.97 ISK15,391	+235.3%
Regular dress from H&M or similar store	$47.50	$49.72 ISK7,023	+4.7%
Running shoes Nike or Adidas	$95.00	$151.85 ISK21,448	+59.8%
Men's business shoes (leather)	$132.50	$194.16 ISK27,423	+46.5%
Average			+86.6%

Parsippany-Troy Hills 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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