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:

Display currency: USD

pay 27.4% less for restaurants

	Reykjavik	New Caledonia
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,493	$15.72 CFPF1,624	-21.4%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,246	$13.47 CFPF1,392	-25.2%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK393	$2.54 CFPF263	-19.3%
Bottle of water (11 fl. oz)	$2.19 ISK272	$1.23 CFPF128	-43.5%
Average			-27.4%

Reykjavik vs. New Caledonia - Cost of restaurants

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pay 33.3% more for groceries

	Reykjavik	New Caledonia
Bread 1 loaf	$3.61 ISK450	$2.56 CFPF264	-29.1%
Local cheese (8 oz)	$7.76 ISK967	$8.19 CFPF846	+5.5%
Milk (1 gallon)	$6.40 ISK798	$4.15 CFPF429	-35.2%
Eggs 1 dozen	$5.76 ISK718	$5.42 CFPF560	-5.9%
Boneless chicken breast (1 lb)	$9.45 ISK1,178	$7.74 CFPF800	-18.1%
Apples (1 lb)	$1.40 ISK175	$1.79 CFPF185	+27.8%
Bananas (1 lb)	$1.01 ISK126	$2.98 CFPF308	+195.7%
Oranges (1 lb)	$1.22 ISK152	$2.85 CFPF295	+134.2%
Tomatoes (1 lb)	$2.22 ISK277	$3.01 CFPF311	+35.5%
Potatoes (1 lb)	$1.43 ISK179	$1.59 CFPF164	+10.8%
Onions (1 lb)	$0.93 ISK116	$1.36 CFPF140	+45.4%
Average			+33.3%

Reykjavik vs. New Caledonia - Cost of groceries

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pay 31.1% less for transportation

	Reykjavik	New Caledonia
Gasoline (1 gallon)	$8.50 ISK1,060	$5.77 CFPF597	-32.1%
Monthly public transit pass	$74.95 ISK9,343	$57.93 CFPF5,985	-22.7%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,291,449	$31,659.34 CFPF3,271,106	-25.4%
Taxi trip in downtown area (5 miles)	$24.05 ISK2,998	$13.39 CFPF1,384	-44.3%
Average			-31.1%

Reykjavik vs. New Caledonia - Cost of transportation

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pay 11.1% more for housing

	Reykjavik	New Caledonia
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,709	$54.97 CFPF5,679	-21.3%
1-Bedroom apartment in downtown area	$1,971.17 ISK245,706	$740.96 CFPF76,558	-62.4%
1-Bedroom apartment outside city center	$1,803.44 ISK224,799	$655.64 CFPF67,742	-63.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,725	$157.39 CFPF16,262	+191.7%
Average			+11.1%

Reykjavik vs. New Caledonia - Cost of housing

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pay 2.9 times more for childcare

	Reykjavik	New Caledonia
Private preschool for 1 child, monthly	$252.14 ISK31,429	$730.48 CFPF75,475	+189.7%
Middle school for 1 child, two semesters	$5,993.99 ISK747,151	??
Average			+189.7%

Reykjavik vs. New Caledonia - Cost of childcare

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pay 2.9% more for entertainment and sports

	Reykjavik	New Caledonia
Domestic/local beer (1 pint)	$10.81 ISK1,348	$10.33 CFPF1,067	-4.5%
Cappuccino in mid-range area	$5.31 ISK661	$5.75 CFPF594	+8.3%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,526	$17.78 CFPF1,837	+45.2%
Monthly membership at local gym	$69.95 ISK8,719	$60.62 CFPF6,264	-13.3%
Movie ticket to theater/cinema	$14.77 ISK1,842	$11.68 CFPF1,206	-21.0%
Average			+2.9%

Reykjavik vs. New Caledonia - Cost of entertainment and sports

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pay 2.4% less for clothing

	Reykjavik	New Caledonia
Regular jeans Levi's brand	$108.97 ISK13,583	$98.80 CFPF10,208	-9.3%
Regular dress from H&M or similar store	$49.72 ISK6,198	$59.88 CFPF6,186	+20.4%
Running shoes Nike or Adidas	$151.85 ISK18,929	$114.51 CFPF11,832	-24.6%
Men's business shoes (leather)	$194.16 ISK24,202	$202.08 CFPF20,879	+4.1%
Average			-2.4%

Reykjavik vs. New Caledonia - Cost of clothing

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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: June 2025

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