Cost of living comparison
Albany is 66.6% more expensive than Reykjavik.
- Restaurants
-
pay 33.4% less in Albany
- Groceries
-
pay 18.6% less in Albany
- Transportation
-
pay 44.2% less in Albany
- Housing
-
pay 6.9% less in Albany
- Childcare
-
pay 6.0 times more in Albany
- Entertainment and Sports
-
pay 5.6% more in Albany
The cost of childcare and entertainment and sports in Albany are more expensive than in Reykjavik. Expenses including transportation, restaurants, groceries, and housing are lower in Albany. Notably, childcare is significantly more expensive in Albany.
If you lived in Albany instead of Reykjavik, you would:
pay 33.4% less for restaurants
|
Reykjavik
|
Albany
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,825
|
$14.83
A$24.12
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,545
|
$7.91
A$12.87
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK445
|
$2.31
A$3.75
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK309
|
$1.65
A$2.68
|
|
pay 18.6% less for groceries
|
Reykjavik
|
Albany
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK510
|
$1.45
A$2.36
|
|
| Local cheese (8 oz) |
$7.76
ISK1,096
|
?? | |
| Milk (1 gallon) |
$6.40
ISK905
|
$4.86
A$7.91
|
|
|
Eggs
1 dozen
|
$5.76
ISK813
|
$3.95
A$6.43
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,334
|
?? | |
| Apples (1 lb) |
$1.40
ISK198
|
$1.48
A$2.41
|
|
| Bananas (1 lb) |
$1.01
ISK143
|
$1.18
A$1.92
|
|
| Oranges (1 lb) |
$1.22
ISK172
|
?? | |
| Tomatoes (1 lb) |
$2.22
ISK314
|
$1.79
A$2.92
|
|
| Potatoes (1 lb) |
$1.43
ISK203
|
$1.20
A$1.95
|
|
| Onions (1 lb) |
$0.93
ISK132
|
$0.75
A$1.22
|
|
pay 44.2% less for transportation
|
Reykjavik
|
Albany
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,201
|
$4.74
A$7.71
|
|
| Monthly public transit pass |
$74.95
ISK10,587
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,995,702
|
?? | |
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,397
|
?? | |
pay 6.9% less for housing
|
Reykjavik
|
Albany
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,868
|
$35.92
A$58.43
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK278,408
|
?? | |
| 1-Bedroom apartment outside city center |
$1,803.44
ISK254,718
|
?? | |
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,620
|
$72.80
A$118.44
|
|
pay 6.0 times more for childcare
|
Reykjavik
|
Albany
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK35,612
|
?? | |
| Middle school for 1 child, two semesters |
$5,993.99
ISK846,592
|
$35,806.41
A$58,250.22
|
|
pay 5.6% more for entertainment and sports
|
Reykjavik
|
Albany
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,527
|
$7.58
A$12.33
|
|
| Cappuccino in mid-range area |
$5.31
ISK749
|
$3.95
A$6.43
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,729
|
$21.09
A$34.31
|
|
| Monthly membership at local gym |
$69.95
ISK9,879
|
?? | |
| Movie ticket to theater/cinema |
$14.77
ISK2,087
|
?? | |
pay (unknown) more for clothing
|
Reykjavik
|
Albany
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,391
|
?? | |
|
Regular dress
from H&M or similar store
|
$49.72
ISK7,023
|
?? | |
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,448
|
?? | |
| Men's business shoes (leather) |
$194.16
ISK27,423
|
?? |
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