Cost of living comparison

 Portland (ME), United States
compared to
 Reykjavik, Iceland
Reykjavik vs. Portland Cost of Living Summary

Reykjavik is 15.0% more expensive than Portland.

Restaurants
pay 8.5% more in Reykjavik
Groceries
pay 2.5% more in Reykjavik
Transportation
pay 66.0% more in Reykjavik
Housing
pay 3.4% less in Reykjavik
Childcare
pay 83.2% less in Reykjavik
Entertainment and Sports
pay 14.5% more in Reykjavik
Clothing
pay 100.0% more in Reykjavik

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

Reykjavik vs. Portland Cost Breakdown

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

pay 8.5% more for restaurants

 
Portland
Reykjavik
Basic meal with drink at inexpensive restaurant $25.00
 
$20.00
ISK2,644
Fast food combo meal
McDonalds, or similar
$12.00
 
$18.02
ISK2,382
Bottle of Coca-Cola (11 fl. oz) $2.87
 
$3.15
ISK417

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pay 2.5% more for groceries

 
Portland
Reykjavik
Bread
1 loaf
$3.46
 
$3.61
ISK477
Local cheese (8 oz) $5.37
 
$7.76
ISK1,025
Milk (1 gallon) $3.95
 
$6.40
ISK847

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pay 66.0% more for transportation

 
Portland
Reykjavik
Gasoline (1 gallon) $3.49
 
$8.50
ISK1,124
Monthly public transit pass $60.00
 
$74.95
ISK9,908
New Volkswagen Golf 1.4 (standard edition) $32,765.67
 
$42,450.45
ISK5,611,101

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pay 3.4% less for housing

 
Portland
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$59.17
 
$69.87
ISK9,235
1-Bedroom apartment in downtown area $1,740.00
 
$1,971.17
ISK260,549
1-Bedroom apartment outside city center $1,460.00
 
$1,803.44
ISK238,379

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pay 83.2% less for childcare

 
Portland
Reykjavik
Private preschool for 1 child, monthly $1,500.00
 
$252.14
ISK33,328
Middle school for 1 child, two semesters ?? $5,993.99
ISK792,286

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pay 14.5% more for entertainment and sports

 
Portland
Reykjavik
Domestic/local beer (1 pint) $6.50
 
$10.81
ISK1,429
Cappuccino in mid-range area $5.61
 
$5.31
ISK701
Pack of cigarettes
Marlboro or similar
$11.00
 
$12.25
ISK1,619

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pay 100.0% more for clothing

 
Portland
Reykjavik
Regular jeans
Levi's brand
$46.00
 
$108.97
ISK14,404
Regular dress
from H&M or similar store
$40.00
 
$49.72
ISK6,572
Running shoes
Nike or Adidas
$73.75
 
$151.85
ISK20,072

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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: April 2025
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