Cost of living comparison

 Reykjavik, Iceland
compared to
 Gainesville (GA), United States
Gainesville vs. Reykjavik Cost of Living Summary

Gainesville is 60.7% more expensive than Reykjavik.

Restaurants
pay 33.0% less in Gainesville
Groceries
pay 17.6% less in Gainesville
Transportation
pay 19.3% less in Gainesville
Housing
pay 63.0% more in Gainesville
Childcare
pay 5.7 times more in Gainesville
Entertainment and Sports
pay 30.2% less in Gainesville
Clothing
pay 12.0% less in Gainesville

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

Gainesville vs. Reykjavik Cost Breakdown

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

pay 33.0% less for restaurants

 
Reykjavik
Gainesville
Basic meal with drink at inexpensive restaurant $20.00
ISK2,689
$15.00
 
Fast food combo meal
McDonalds, or similar
$18.02
ISK2,423
$8.00
 
Bottle of Coca-Cola (11 fl. oz) $3.15
ISK424
$2.52
 

Improve prices ·

pay 17.6% less for groceries

 
Reykjavik
Gainesville
Bread
1 loaf
$3.61
ISK485
$2.51
 
Local cheese (8 oz) $7.76
ISK1,043
$6.33
 
Milk (1 gallon) $6.40
ISK861
$3.39
 

Improve prices ·

pay 19.3% less for transportation

 
Reykjavik
Gainesville
Gasoline (1 gallon) $8.50
ISK1,143
$3.08
 
Monthly public transit pass $74.95
ISK10,078
??
New Volkswagen Golf 1.4 (standard edition) $42,450.45
ISK5,707,888
$34,689.37
 

Improve prices ·

pay 63.0% more for housing

 
Reykjavik
Gainesville
Internet connection
50 mbps or faster, cable/dsl
$69.87
ISK9,394
$78.00
 
1-Bedroom apartment in downtown area $1,971.17
ISK265,044
??
1-Bedroom apartment outside city center $1,803.44
ISK242,491
$1,300.00
 

Improve prices ·

pay 5.7 times more for childcare

 
Reykjavik
Gainesville
Private preschool for 1 child, monthly $252.14
ISK33,903
$1,802.11
 
Middle school for 1 child, two semesters $5,993.99
ISK805,952
$25,965.00
 

Improve prices ·

pay 30.2% less for entertainment and sports

 
Reykjavik
Gainesville
Domestic/local beer (1 pint) $10.81
ISK1,454
$6.00
 
Cappuccino in mid-range area $5.31
ISK713
$4.83
 
Pack of cigarettes
Marlboro or similar
$12.25
ISK1,646
$7.25
 

Improve prices ·

pay 12.0% less for clothing

 
Reykjavik
Gainesville
Regular jeans
Levi's brand
$108.97
ISK14,652
$59.25
 
Regular dress
from H&M or similar store
$49.72
ISK6,685
$58.50
 
Running shoes
Nike or Adidas
$151.85
ISK20,418
$161.25
 

Improve prices ·
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: March 2025
Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. United States. This provides a comparison of the average cost of living from cities within Iceland and United States.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Gainesville or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.