Cost of living comparison

compared to

New Zealand vs. Reykjavik Cost of Living Summary

New Zealand is 3.8% cheaper than Reykjavik.

Restaurants: pay 31.5% less in New Zealand
Groceries: pay 18.3% less in New Zealand
Transportation: pay 25.3% less in New Zealand
Housing: pay 15.2% less in New Zealand
Childcare: pay 2.1 times more in New Zealand
Entertainment and Sports: pay 13.1% less in New Zealand
Clothing: pay 33.4% less in New Zealand

Expenses including clothing, restaurants, transportation, groceries, housing, and entertainment and sports are lower in New Zealand. Notably, childcare is significantly more expensive in New Zealand.

New Zealand vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 31.5% less for restaurants

	Reykjavik	New Zealand
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,825	$13.47 NZ$24.23	-32.6%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,545	$8.81 NZ$15.84	-51.1%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK445	$2.16 NZ$3.89	-31.4%
Bottle of water (11 fl. oz)	$2.19 ISK309	$1.94 NZ$3.50	-11.0%
Average			-31.5%

Reykjavik vs. New Zealand - Cost of restaurants

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pay 18.3% less for groceries

	Reykjavik	New Zealand
Bread 1 loaf	$3.61 ISK510	$1.86 NZ$3.35	-48.3%
Local cheese (8 oz)	$7.76 ISK1,096	$3.77 NZ$6.78	-51.4%
Milk (1 gallon)	$6.40 ISK905	$6.55 NZ$11.77	+2.2%
Eggs 1 dozen	$5.76 ISK813	$5.92 NZ$10.65	+2.9%
Boneless chicken breast (1 lb)	$9.45 ISK1,334	$4.25 NZ$7.64	-55.0%
Apples (1 lb)	$1.40 ISK198	$1.15 NZ$2.06	-18.2%
Bananas (1 lb)	$1.01 ISK143	$1.04 NZ$1.87	+3.2%
Oranges (1 lb)	$1.22 ISK172	$1.31 NZ$2.35	+7.4%
Tomatoes (1 lb)	$2.22 ISK314	$2.31 NZ$4.15	+3.8%
Potatoes (1 lb)	$1.43 ISK203	$0.90 NZ$1.62	-37.4%
Onions (1 lb)	$0.93 ISK132	$0.83 NZ$1.49	-11.0%
Average			-18.3%

Reykjavik vs. New Zealand - Cost of groceries

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pay 25.3% less for transportation

	Reykjavik	New Zealand
Gasoline (1 gallon)	$8.50 ISK1,201	$6.26 NZ$11.26	-26.3%
Monthly public transit pass	$74.95 ISK10,587	$69.15 NZ$124.35	-7.7%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,995,702	$24,735.85 NZ$44,480.95	-41.7%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,397	$17.90 NZ$32.19	-25.6%
Average			-25.3%

Reykjavik vs. New Zealand - Cost of transportation

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pay 15.2% less for housing

	Reykjavik	New Zealand
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,868	$51.16 NZ$91.99	-26.8%
1-Bedroom apartment in downtown area	$1,971.17 ISK278,408	$1,007.66 NZ$1,812.02	-48.9%
1-Bedroom apartment outside city center	$1,803.44 ISK254,718	$809.64 NZ$1,455.92	-55.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,620	$91.68 NZ$164.86	+69.9%
Average			-15.2%

Reykjavik vs. New Zealand - Cost of housing

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pay 2.1 times more for childcare

	Reykjavik	New Zealand
Private preschool for 1 child, monthly	$252.14 ISK35,612	$611.89 NZ$1,100.32	+142.7%
Middle school for 1 child, two semesters	$5,993.99 ISK846,592	$10,661.07 NZ$19,171.14	+77.9%
Average			+110.3%

Reykjavik vs. New Zealand - Cost of childcare

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pay 13.1% less for entertainment and sports

	Reykjavik	New Zealand
Domestic/local beer (1 pint)	$10.81 ISK1,527	$6.10 NZ$10.96	-43.6%
Cappuccino in mid-range area	$5.31 ISK749	$3.30 NZ$5.94	-37.8%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,729	$22.88 NZ$41.14	+86.8%
Monthly membership at local gym	$69.95 ISK9,879	$38.53 NZ$69.28	-44.9%
Movie ticket to theater/cinema	$14.77 ISK2,087	$10.92 NZ$19.63	-26.1%
Average			-13.1%

Reykjavik vs. New Zealand - Cost of entertainment and sports

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pay 33.4% less for clothing

	Reykjavik	New Zealand
Regular jeans Levi's brand	$108.97 ISK15,391	$65.31 NZ$117.44	-40.1%
Regular dress from H&M or similar store	$49.72 ISK7,023	$40.78 NZ$73.34	-18.0%
Running shoes Nike or Adidas	$151.85 ISK21,448	$93.71 NZ$168.51	-38.3%
Men's business shoes (leather)	$194.16 ISK27,423	$121.74 NZ$218.92	-37.3%
Average			-33.4%

Reykjavik vs. New Zealand - 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: January 2025

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