Cost of living comparison

 Reykjavik, Iceland
compared to
 New Caledonia
New Caledonia vs. Reykjavik Cost of Living Summary

New Caledonia is 25.2% more expensive than Reykjavik.

Restaurants
pay 27.4% less in New Caledonia
Groceries
pay 33.3% more in New Caledonia
Transportation
pay 31.1% less in New Caledonia
Housing
pay 11.1% more in New Caledonia
Childcare
pay 2.9 times more in New Caledonia
Entertainment and Sports
pay 2.9% more in New Caledonia
Clothing
pay 2.4% less in New Caledonia

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

New Caledonia vs. Reykjavik Cost Breakdown

If you lived in New Caledonia instead of Reykjavik, you would:

pay 27.4% less for restaurants

 
Reykjavik
New Caledonia
Basic meal with drink at inexpensive restaurant $20.00
ISK2,545
$15.72
CFPF1,653
Fast food combo meal
McDonalds, or similar
$18.02
ISK2,293
$13.47
CFPF1,417
Bottle of Coca-Cola (11 fl. oz) $3.15
ISK401
$2.54
CFPF268

Improve prices ·

pay 33.3% more for groceries

 
Reykjavik
New Caledonia
Bread
1 loaf
$3.61
ISK459
$2.56
CFPF269
Local cheese (8 oz) $7.76
ISK987
$8.19
CFPF861
Milk (1 gallon) $6.40
ISK815
$4.15
CFPF436

Improve prices ·

pay 31.1% less for transportation

 
Reykjavik
New Caledonia
Gasoline (1 gallon) $8.50
ISK1,082
$5.77
CFPF607
Monthly public transit pass $74.95
ISK9,538
$57.93
CFPF6,092
New Volkswagen Golf 1.4 (standard edition) $42,450.45
ISK5,401,820
$31,659.34
CFPF3,329,292

Improve prices ·

pay 11.1% more for housing

 
Reykjavik
New Caledonia
Internet connection
50 mbps or faster, cable/dsl
$69.87
ISK8,890
$54.97
CFPF5,780
1-Bedroom apartment in downtown area $1,971.17
ISK250,832
$740.96
CFPF77,920
1-Bedroom apartment outside city center $1,803.44
ISK229,488
$655.64
CFPF68,947

Improve prices ·

pay 2.9 times more for childcare

 
Reykjavik
New Caledonia
Private preschool for 1 child, monthly $252.14
ISK32,085
$730.48
CFPF76,818
Middle school for 1 child, two semesters $5,993.99
ISK762,736
??

Improve prices ·

pay 2.9% more for entertainment and sports

 
Reykjavik
New Caledonia
Domestic/local beer (1 pint) $10.81
ISK1,376
$10.33
CFPF1,086
Cappuccino in mid-range area $5.31
ISK675
$5.75
CFPF604
Pack of cigarettes
Marlboro or similar
$12.25
ISK1,558
$17.78
CFPF1,870

Improve prices ·

pay 2.4% less for clothing

 
Reykjavik
New Caledonia
Regular jeans
Levi's brand
$108.97
ISK13,867
$98.80
CFPF10,389
Regular dress
from H&M or similar store
$49.72
ISK6,327
$59.88
CFPF6,297
Running shoes
Nike or Adidas
$151.85
ISK19,323
$114.51
CFPF12,042

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: June 2025
Share this

Compare countries by overall cost of living

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

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 New Caledonia or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.