Cost of living comparison

compared to

Reykjavik vs. Princeton Cost of Living Summary

Reykjavik is 1.1% cheaper than Princeton.

Restaurants: pay 16.9% more in Reykjavik
Groceries: pay 12.6% less in Reykjavik
Transportation: pay 30.1% more in Reykjavik
Housing: pay 18.1% less in Reykjavik
Childcare: pay 65.8% less in Reykjavik
Entertainment and Sports: pay 2.2% more in Reykjavik
Clothing: pay 39.7% more in Reykjavik

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

Reykjavik vs. Princeton Cost Breakdown

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

Display currency: USD

pay 16.9% more for restaurants

	Princeton	Reykjavik
Basic meal with drink at inexpensive restaurant	$20.00	$20.00 ISK2,825
Fast food combo meal McDonalds, or similar	$16.00	$18.02 ISK2,545	+12.6%
Bottle of Coca-Cola (11 fl. oz)	$2.60	$3.15 ISK445	+21.4%
Bottle of water (11 fl. oz)	$1.88	$2.19 ISK309	+16.6%
Average			+16.9%

Princeton vs. Reykjavik - Cost of restaurants

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pay 12.6% less for groceries

	Princeton	Reykjavik
Bread 1 loaf	$4.04	$3.61 ISK510	-10.6%
Local cheese (8 oz)	$12.86	$7.76 ISK1,096	-39.7%
Milk (1 gallon)	$4.08	$6.40 ISK905	+56.9%
Eggs 1 dozen	$4.23	$5.76 ISK813	+36.2%
Boneless chicken breast (1 lb)	$11.00	$9.45 ISK1,334	-14.1%
Apples (1 lb)	$3.33	$1.40 ISK198	-57.9%
Bananas (1 lb)	$1.15	$1.01 ISK143	-12.3%
Oranges (1 lb)	$2.42	$1.22 ISK172	-49.6%
Tomatoes (1 lb)	$2.75	$2.22 ISK314	-19.1%
Potatoes (1 lb)	$1.24	$1.43 ISK203	+15.4%
Onions (1 lb)	$1.67	$0.93 ISK132	-44.0%
Average			-12.6%

Princeton vs. Reykjavik - Cost of groceries

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pay 30.1% more for transportation

	Princeton	Reykjavik
Gasoline (1 gallon)	$3.45	$8.50 ISK1,201	+146.5%
Monthly public transit pass	$199.00	$74.95 ISK10,587	-62.3%
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)	$25.46	$24.05 ISK3,397	-5.5%
Average			+30.1%

Princeton vs. Reykjavik - Cost of transportation

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pay 18.1% less for housing

	Princeton	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$57.33	$69.87 ISK9,868	+21.9%
1-Bedroom apartment in downtown area	$2,700.00	$1,971.17 ISK278,408	-27.0%
1-Bedroom apartment outside city center	$1,925.00	$1,803.44 ISK254,718	-6.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$137.65	$53.95 ISK7,620	-60.8%
Average			-18.1%

Princeton vs. Reykjavik - Cost of housing

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pay 65.8% less for childcare

	Princeton	Reykjavik
Private preschool for 1 child, monthly	$1,366.67	$252.14 ISK35,612	-81.6%
Middle school for 1 child, two semesters	$12,000.00	$5,993.99 ISK846,592	-50.1%
Average			-65.8%

Princeton vs. Reykjavik - Cost of childcare

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pay 2.2% more for entertainment and sports

	Princeton	Reykjavik
Domestic/local beer (1 pint)	$7.00	$10.81 ISK1,527	+54.4%
Cappuccino in mid-range area	$5.00	$5.31 ISK749	+6.1%
Pack of cigarettes Marlboro or similar	$11.00	$12.25 ISK1,729	+11.3%
Monthly membership at local gym	$172.50	$69.95 ISK9,879	-59.5%
Movie ticket to theater/cinema	$15.00	$14.77 ISK2,087	-1.5%
Average			+2.2%

Princeton vs. Reykjavik - Cost of entertainment and sports

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pay 39.7% more for clothing

	Princeton	Reykjavik
Regular jeans Levi's brand	$41.00	$108.97 ISK15,391	+165.8%
Regular dress from H&M or similar store	$55.00	$49.72 ISK7,023	-9.6%
Running shoes Nike or Adidas	$142.50	$151.85 ISK21,448	+6.6%
Men's business shoes (leather)	$202.50	$194.16 ISK27,423	-4.1%
Average			+39.7%

Princeton 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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