Cost of living comparison
Chicago is 2.0 times more expensive than Reykjavik.
- Restaurants
-
pay 1.1% less in Chicago
- Groceries
-
pay 8.0% more in Chicago
- Transportation
-
pay 28.9% less in Chicago
- Housing
-
pay 30.5% more in Chicago
- Childcare
-
pay 8.4 times more in Chicago
- Entertainment and Sports
-
pay 2.5% more in Chicago
- Clothing
-
pay 24.4% less in Chicago
The cost of childcare, housing, groceries, and entertainment and sports in Chicago are more expensive than in Reykjavik. Expenses including transportation, clothing, and restaurants are lower in Chicago. Notably, childcare is significantly more expensive in Chicago.
If you lived in Chicago instead of Reykjavik, you would:
pay 1.1% less for restaurants
|
Reykjavik
|
Chicago
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,689
|
$25.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,423
|
$11.34
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK424
|
$3.02
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK294
|
$2.44
|
|
pay 8.0% more for groceries
|
Reykjavik
|
Chicago
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK485
|
$4.19
|
|
| Local cheese (8 oz) |
$7.76
ISK1,043
|
$7.87
|
|
| Milk (1 gallon) |
$6.40
ISK861
|
$3.94
|
|
|
Eggs
1 dozen
|
$5.76
ISK774
|
$3.75
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,270
|
$6.63
|
|
| Apples (1 lb) |
$1.40
ISK189
|
$2.44
|
|
| Bananas (1 lb) |
$1.01
ISK136
|
$0.90
|
|
| Oranges (1 lb) |
$1.22
ISK164
|
$2.19
|
|
| Tomatoes (1 lb) |
$2.22
ISK299
|
$2.27
|
|
| Potatoes (1 lb) |
$1.43
ISK193
|
$1.16
|
|
| Onions (1 lb) |
$0.93
ISK126
|
$1.37
|
|
pay 28.9% less for transportation
|
Reykjavik
|
Chicago
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,143
|
$4.16
|
|
| Monthly public transit pass |
$74.95
ISK10,078
|
$75.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,707,888
|
$31,965.00
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,234
|
$14.43
|
|
pay 30.5% more for housing
|
Reykjavik
|
Chicago
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,394
|
$58.52
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK265,044
|
$2,360.96
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK242,491
|
$1,512.92
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,255
|
$126.63
|
|
pay 8.4 times more for childcare
|
Reykjavik
|
Chicago
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK33,903
|
$2,475.00
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK805,952
|
$42,300.00
|
|
pay 2.5% more for entertainment and sports
|
Reykjavik
|
Chicago
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,454
|
$7.50
|
|
| Cappuccino in mid-range area |
$5.31
ISK713
|
$5.30
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,646
|
$17.00
|
|
| Monthly membership at local gym |
$69.95
ISK9,405
|
$72.00
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,987
|
$15.00
|
|
pay 24.4% less for clothing
|
Reykjavik
|
Chicago
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK14,652
|
$64.98
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,685
|
$51.67
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,418
|
$97.00
|
|
| Men's business shoes (leather) |
$194.16
ISK26,106
|
$146.00
|
|
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