Cost of living comparison

 Reykjavik, Iceland
compared to
 Buffalo (NY), United States
Buffalo vs. Reykjavik Cost of Living Summary

Buffalo is 44.0% more expensive than Reykjavik.

Restaurants
pay 30.4% less in Buffalo
Groceries
pay 10.7% more in Buffalo
Transportation
pay 16.2% less in Buffalo
Housing
pay 17.0% more in Buffalo
Childcare
pay 4.9 times more in Buffalo
Entertainment and Sports
pay 20.2% less in Buffalo
Clothing
pay 41.7% less in Buffalo

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

Buffalo vs. Reykjavik Cost Breakdown

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

pay 30.4% less for restaurants

 
Reykjavik
Buffalo
Basic meal with drink at inexpensive restaurant $20.00
ISK2,796
$20.00
 
Fast food combo meal
McDonalds, or similar
$18.02
ISK2,519
$10.00
 
Bottle of Coca-Cola (11 fl. oz) $3.15
ISK441
$2.40
 

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pay 10.7% more for groceries

 
Reykjavik
Buffalo
Bread
1 loaf
$3.61
ISK505
$3.74
 
Local cheese (8 oz) $7.76
ISK1,084
$6.74
 
Milk (1 gallon) $6.40
ISK895
$3.55
 

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pay 16.2% less for transportation

 
Reykjavik
Buffalo
Gasoline (1 gallon) $8.50
ISK1,188
$3.62
 
Monthly public transit pass $74.95
ISK10,477
$93.35
 
New Volkswagen Golf 1.4 (standard edition) $42,450.45
ISK5,933,724
$30,500.00
 

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pay 17.0% more for housing

 
Reykjavik
Buffalo
Internet connection
50 mbps or faster, cable/dsl
$69.87
ISK9,766
$65.16
 
1-Bedroom apartment in downtown area $1,971.17
ISK275,530
$1,293.75
 
1-Bedroom apartment outside city center $1,803.44
ISK252,085
$1,038.89
 

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pay 4.9 times more for childcare

 
Reykjavik
Buffalo
Private preschool for 1 child, monthly $252.14
ISK35,244
$1,100.00
 
Middle school for 1 child, two semesters $5,993.99
ISK837,840
$32,450.00
 

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pay 20.2% less for entertainment and sports

 
Reykjavik
Buffalo
Domestic/local beer (1 pint) $10.81
ISK1,511
$4.70
 
Cappuccino in mid-range area $5.31
ISK742
$4.92
 
Pack of cigarettes
Marlboro or similar
$12.25
ISK1,712
$13.95
 

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pay 41.7% less for clothing

 
Reykjavik
Buffalo
Regular jeans
Levi's brand
$108.97
ISK15,232
$45.83
 
Regular dress
from H&M or similar store
$49.72
ISK6,950
$44.25
 
Running shoes
Nike or Adidas
$151.85
ISK21,226
$78.33
 

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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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