Cost of living comparison

compared to

Reykjavik vs. Raleigh Cost of Living Summary

Reykjavik is 9.6% more expensive than Raleigh.

Restaurants: pay 20.6% more in Reykjavik
Groceries: pay 6.6% more in Reykjavik
Transportation: pay 64.2% more in Reykjavik
Housing: pay 18.0% less in Reykjavik
Childcare: pay 77.9% less in Reykjavik
Entertainment and Sports: pay 39.9% more in Reykjavik
Clothing: pay 31.6% more in Reykjavik

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

Reykjavik vs. Raleigh Cost Breakdown

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

Display currency: USD

pay 20.6% more for restaurants

	Raleigh	Reykjavik
Basic meal with drink at inexpensive restaurant	$20.00	$20.00 ISK2,796
Fast food combo meal McDonalds, or similar	$11.00	$18.02 ISK2,519	+63.8%
Bottle of Coca-Cola (11 fl. oz)	$2.95	$3.15 ISK441	+6.9%
Bottle of water (11 fl. oz)	$2.40	$2.19 ISK305	-9.0%
Average			+20.6%

Raleigh vs. Reykjavik - Cost of restaurants

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pay 6.6% more for groceries

	Raleigh	Reykjavik
Bread 1 loaf	$4.34	$3.61 ISK505	-16.8%
Local cheese (8 oz)	$7.03	$7.76 ISK1,084	+10.3%
Milk (1 gallon)	$3.63	$6.40 ISK895	+76.3%
Eggs 1 dozen	$3.92	$5.76 ISK805	+47.0%
Boneless chicken breast (1 lb)	$5.67	$9.45 ISK1,321	+66.5%
Apples (1 lb)	$2.81	$1.40 ISK196	-50.1%
Bananas (1 lb)	$0.77	$1.01 ISK141	+31.3%
Oranges (1 lb)	$2.67	$1.22 ISK170	-54.3%
Tomatoes (1 lb)	$2.46	$2.22 ISK311	-9.4%
Potatoes (1 lb)	$1.39	$1.43 ISK201	+3.5%
Onions (1 lb)	$1.36	$0.93 ISK131	-31.2%
Average			+6.6%

Raleigh vs. Reykjavik - Cost of groceries

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pay 64.2% more for transportation

	Raleigh	Reykjavik
Gasoline (1 gallon)	$3.37	$8.50 ISK1,188	+152.2%
Monthly public transit pass	$60.00	$74.95 ISK10,477	+24.9%
New Volkswagen Golf 1.4 (standard edition)	$32,344.69	$42,450.45 ISK5,933,724	+31.2%
Taxi trip in downtown area (5 miles)	$16.17	$24.05 ISK3,362	+48.7%
Average			+64.2%

Raleigh vs. Reykjavik - Cost of transportation

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pay 18.0% less for housing

	Raleigh	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$81.24	$69.87 ISK9,766	-14.0%
1-Bedroom apartment in downtown area	$1,962.72	$1,971.17 ISK275,530	+0.4%
1-Bedroom apartment outside city center	$1,603.24	$1,803.44 ISK252,085	+12.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$186.48	$53.95 ISK7,542	-71.1%
Average			-18.0%

Raleigh vs. Reykjavik - Cost of housing

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pay 77.9% less for childcare

	Raleigh	Reykjavik
Private preschool for 1 child, monthly	$1,471.67	$252.14 ISK35,244	-82.9%
Middle school for 1 child, two semesters	$22,111.00	$5,993.99 ISK837,840	-72.9%
Average			-77.9%

Raleigh vs. Reykjavik - Cost of childcare

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pay 39.9% more for entertainment and sports

	Raleigh	Reykjavik
Domestic/local beer (1 pint)	$6.00	$10.81 ISK1,511	+80.2%
Cappuccino in mid-range area	$5.49	$5.31 ISK742	-3.4%
Pack of cigarettes Marlboro or similar	$7.50	$12.25 ISK1,712	+63.3%
Monthly membership at local gym	$43.67	$69.95 ISK9,777	+60.2%
Movie ticket to theater/cinema	$14.88	$14.77 ISK2,065	-0.7%
Average			+39.9%

Raleigh vs. Reykjavik - Cost of entertainment and sports

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pay 31.6% more for clothing

	Raleigh	Reykjavik
Regular jeans Levi's brand	$66.71	$108.97 ISK15,232	+63.4%
Regular dress from H&M or similar store	$52.00	$49.72 ISK6,950	-4.4%
Running shoes Nike or Adidas	$108.07	$151.85 ISK21,226	+40.5%
Men's business shoes (leather)	$153.08	$194.16 ISK27,139	+26.8%
Average			+31.6%

Raleigh 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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