Cost of living comparison
Palo Alto is 2.2 times more expensive than Reykjavik.
- Restaurants
-
pay 1.1% less in Palo Alto
- Groceries
-
pay 28.5% more in Palo Alto
- Transportation
-
pay 18.6% less in Palo Alto
- Housing
-
pay 2.1 times more in Palo Alto
- Childcare
-
pay 8.5 times more in Palo Alto
- Entertainment and Sports
-
pay 7.9% more in Palo Alto
- Clothing
-
pay 43.2% less in Palo Alto
The cost of childcare, housing, groceries, and entertainment and sports in Palo Alto are more expensive than in Reykjavik. Expenses including clothing, transportation, and restaurants are lower in Palo Alto. Notably, childcare and housing are significantly more expensive in Palo Alto.
If you lived in Palo Alto instead of Reykjavik, you would:
pay 1.1% less for restaurants
|
Reykjavik
|
Palo Alto
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,545
|
$27.50
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,293
|
$11.50
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK401
|
$3.00
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK278
|
$2.17
|
|
pay 28.5% more for groceries
|
Reykjavik
|
Palo Alto
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK459
|
$5.22
|
|
| Local cheese (8 oz) |
$7.76
ISK987
|
$8.45
|
|
| Milk (1 gallon) |
$6.40
ISK815
|
$5.33
|
|
|
Eggs
1 dozen
|
$5.76
ISK733
|
$5.50
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,202
|
$7.75
|
|
| Apples (1 lb) |
$1.40
ISK178
|
$3.30
|
|
| Bananas (1 lb) |
$1.01
ISK128
|
$0.90
|
|
| Oranges (1 lb) |
$1.22
ISK155
|
$1.60
|
|
| Tomatoes (1 lb) |
$2.22
ISK283
|
$3.00
|
|
| Potatoes (1 lb) |
$1.43
ISK183
|
$1.89
|
|
| Onions (1 lb) |
$0.93
ISK119
|
$1.66
|
|
pay 18.6% less for transportation
|
Reykjavik
|
Palo Alto
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,082
|
$4.85
|
|
| Monthly public transit pass |
$74.95
ISK9,538
|
$90.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,401,820
|
$30,530.00
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,060
|
$18.41
|
|
pay 2.1 times more for housing
|
Reykjavik
|
Palo Alto
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,890
|
$60.00
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK250,832
|
$3,397.50
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK229,488
|
$3,198.33
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,866
|
$213.87
|
|
pay 8.5 times more for childcare
|
Reykjavik
|
Palo Alto
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK32,085
|
$2,705.00
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK762,736
|
$37,770.00
|
|
pay 7.9% more for entertainment and sports
|
Reykjavik
|
Palo Alto
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,376
|
$8.00
|
|
| Cappuccino in mid-range area |
$5.31
ISK675
|
$5.10
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,558
|
$11.00
|
|
| Monthly membership at local gym |
$69.95
ISK8,901
|
$120.00
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,880
|
$15.99
|
|
pay 43.2% less for clothing
|
Reykjavik
|
Palo Alto
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,867
|
$45.00
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,327
|
$36.12
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK19,323
|
$80.00
|
|
| Men's business shoes (leather) |
$194.16
ISK24,707
|
$117.22
|
|
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