Cost of living comparison

 Philadelphia (PA), United States
compared to
 Reykjavik, Iceland
Reykjavik vs. Philadelphia Cost of Living Summary

Reykjavik is 14.4% more expensive than Philadelphia.

Restaurants
pay 37.9% more in Reykjavik
Groceries
pay 1.7% less in Reykjavik
Transportation
pay 45.2% more in Reykjavik
Housing
pay 4.2% less in Reykjavik
Childcare
pay 86.9% less in Reykjavik
Entertainment and Sports
pay 41.1% more in Reykjavik
Clothing
pay 69.5% more in Reykjavik

The cost of clothing, transportation, entertainment and sports, and restaurants in Reykjavik are more expensive than in Philadelphia. Expenses including childcare, housing, and groceries are lower in Reykjavik.

Reykjavik vs. Philadelphia Cost Breakdown

If you lived in Reykjavik instead of Philadelphia, you would:

pay 37.9% more for restaurants

 
Philadelphia
Reykjavik
Basic meal with drink at inexpensive restaurant $20.00
 
$20.00
ISK2,527
Fast food combo meal
McDonalds, or similar
$10.75
 
$18.02
ISK2,277
Bottle of Coca-Cola (11 fl. oz) $2.55
 
$3.15
ISK399

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pay 1.7% less for groceries

 
Philadelphia
Reykjavik
Bread
1 loaf
$3.70
 
$3.61
ISK456
Local cheese (8 oz) $8.81
 
$7.76
ISK980
Milk (1 gallon) $4.99
 
$6.40
ISK809

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pay 45.2% more for transportation

 
Philadelphia
Reykjavik
Gasoline (1 gallon) $3.72
 
$8.50
ISK1,074
Monthly public transit pass $96.00
 
$74.95
ISK9,472
New Volkswagen Golf 1.4 (standard edition) $36,373.32
 
$42,450.45
ISK5,364,463

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pay 4.2% less for housing

 
Philadelphia
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$64.00
 
$69.87
ISK8,829
1-Bedroom apartment in downtown area $1,759.41
 
$1,971.17
ISK249,097
1-Bedroom apartment outside city center $1,330.44
 
$1,803.44
ISK227,901

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pay 86.9% less for childcare

 
Philadelphia
Reykjavik
Private preschool for 1 child, monthly $2,070.83
 
$252.14
ISK31,863
Middle school for 1 child, two semesters $43,200.00
 
$5,993.99
ISK757,461

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pay 41.1% more for entertainment and sports

 
Philadelphia
Reykjavik
Domestic/local beer (1 pint) $5.00
 
$10.81
ISK1,366
Cappuccino in mid-range area $4.86
 
$5.31
ISK670
Pack of cigarettes
Marlboro or similar
$13.50
 
$12.25
ISK1,547

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pay 69.5% more for clothing

 
Philadelphia
Reykjavik
Regular jeans
Levi's brand
$54.50
 
$108.97
ISK13,771
Regular dress
from H&M or similar store
$37.86
 
$49.72
ISK6,283
Running shoes
Nike or Adidas
$87.50
 
$151.85
ISK19,190

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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: June 2025
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