Cost of living comparison
Newark is 17.0% more expensive than Reykjavik.
- Restaurants
-
pay 34.5% less in Newark
- Groceries
-
pay 7.3% more in Newark
- Transportation
-
pay 46.8% less in Newark
- Housing
-
pay 9.6% more in Newark
- Childcare
-
pay 3.4 times more in Newark
- Entertainment and Sports
-
pay 34.6% less in Newark
- Clothing
-
pay 19.7% less in Newark
The cost of childcare, housing, and groceries in Newark are more expensive than in Reykjavik. Expenses including transportation, entertainment and sports, restaurants, and clothing are lower in Newark. Notably, childcare is significantly more expensive in Newark.
If you lived in Newark instead of Reykjavik, you would:
pay 34.5% less for restaurants
|
Reykjavik
|
Newark
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,796
|
$16.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,519
|
$9.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK441
|
$2.00
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK305
|
$1.50
|
|
pay 7.3% more for groceries
|
Reykjavik
|
Newark
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK505
|
$1.99
|
|
| Local cheese (8 oz) |
$7.76
ISK1,084
|
$8.27
|
|
| Milk (1 gallon) |
$6.40
ISK895
|
$2.67
|
|
|
Eggs
1 dozen
|
$5.76
ISK805
|
$2.16
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,321
|
$4.00
|
|
| Apples (1 lb) |
$1.40
ISK196
|
$2.48
|
|
| Bananas (1 lb) |
$1.01
ISK141
|
$1.53
|
|
| Oranges (1 lb) |
$1.22
ISK170
|
$2.30
|
|
| Tomatoes (1 lb) |
$2.22
ISK311
|
$2.00
|
|
| Potatoes (1 lb) |
$1.43
ISK201
|
$1.10
|
|
| Onions (1 lb) |
$0.93
ISK131
|
$1.99
|
|
pay 46.8% less for transportation
|
Reykjavik
|
Newark
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,188
|
$3.26
|
|
| Monthly public transit pass |
$74.95
ISK10,477
|
$60.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,933,724
|
$17,500.00
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,362
|
?? | |
pay 9.6% more for housing
|
Reykjavik
|
Newark
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,766
|
$50.00
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK275,530
|
$1,533.33
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK252,085
|
$1,300.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,542
|
$117.00
|
|
pay 3.4 times more for childcare
|
Reykjavik
|
Newark
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK35,244
|
$1,200.00
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK837,840
|
$12,000.00
|
|
pay 34.6% less for entertainment and sports
|
Reykjavik
|
Newark
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,511
|
$3.25
|
|
| Cappuccino in mid-range area |
$5.31
ISK742
|
$4.33
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,712
|
$8.82
|
|
| Monthly membership at local gym |
$69.95
ISK9,777
|
?? | |
| Movie ticket to theater/cinema |
$14.77
ISK2,065
|
$11.50
|
|
pay 19.7% less for clothing
|
Reykjavik
|
Newark
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,232
|
$41.00
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,950
|
$40.00
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,226
|
$93.33
|
|
| Men's business shoes (leather) |
$194.16
ISK27,139
|
$275.00
|
|
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