Cost of living comparison
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.
If you lived in Reykjavik instead of Parsippany-Troy Hills, you would:
pay 54.2% more for restaurants
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$12.50
|
$20.00
ISK2,527
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.50
|
$18.02
ISK2,277
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.00
|
$3.15
ISK399
|
|
| Bottle of water (11 fl. oz) |
$2.00
|
$2.19
ISK276
|
|
pay 54.4% more for groceries
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.04
|
$3.61
ISK456
|
|
| Local cheese (8 oz) |
$6.61
|
$7.76
ISK980
|
|
| Milk (1 gallon) |
$4.08
|
$6.40
ISK809
|
|
|
Eggs
1 dozen
|
$2.75
|
$5.76
ISK727
|
|
| Boneless chicken breast (1 lb) |
$3.00
|
$9.45
ISK1,194
|
|
| Apples (1 lb) |
$1.30
|
$1.40
ISK177
|
|
| Bananas (1 lb) |
$0.55
|
$1.01
ISK128
|
|
| Oranges (1 lb) |
$1.20
|
$1.22
ISK154
|
|
| Tomatoes (1 lb) |
$1.23
|
$2.22
ISK281
|
|
| Potatoes (1 lb) |
$1.00
|
$1.43
ISK181
|
|
| Onions (1 lb) |
$1.00
|
$0.93
ISK118
|
|
pay 45.5% more for transportation
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.40
|
$8.50
ISK1,074
|
|
| Monthly public transit pass |
$95.00
|
$74.95
ISK9,472
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$30,000.00
|
$42,450.45
ISK5,364,463
|
|
| Taxi trip in downtown area (5 miles) |
$21.46
|
$24.05
ISK3,039
|
|
pay 10.4% more for housing
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$40.00
|
$69.87
ISK8,829
|
|
| 1-Bedroom apartment in downtown area |
$1,833.33
|
$1,971.17
ISK249,097
|
|
| 1-Bedroom apartment outside city center |
$1,500.00
|
$1,803.44
ISK227,901
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$137.65
|
$53.95
ISK6,818
|
|
pay 81.6% less for childcare
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,366.67
|
$252.14
ISK31,863
|
|
| Middle school for 1 child, two semesters | ?? |
$5,993.99
ISK757,461
|
|
pay 62.5% more for entertainment and sports
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.00
|
$10.81
ISK1,366
|
|
| Cappuccino in mid-range area |
$4.50
|
$5.31
ISK670
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.00
|
$12.25
ISK1,547
|
|
| Monthly membership at local gym |
$25.00
|
$69.95
ISK8,839
|
|
| Movie ticket to theater/cinema |
$12.00
|
$14.77
ISK1,867
|
|
pay 86.6% more for clothing
|
Parsippany-Troy Hills
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$32.50
|
$108.97
ISK13,771
|
|
|
Regular dress
from H&M or similar store
|
$47.50
|
$49.72
ISK6,283
|
|
|
Running shoes
Nike or Adidas
|
$95.00
|
$151.85
ISK19,190
|
|
| Men's business shoes (leather) |
$132.50
|
$194.16
ISK24,536
|
|
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