Cost of living comparison
Parsippany-Troy Hills is 45.9% more expensive than Reykjavik.
- Restaurants
-
pay 32.5% less in Parsippany-Troy Hills
- Groceries
-
pay 25.6% less in Parsippany-Troy Hills
- Transportation
-
pay 18.4% less in Parsippany-Troy Hills
- Housing
-
pay 22.1% more in Parsippany-Troy Hills
- Childcare
-
pay 5.4 times more in Parsippany-Troy Hills
- Entertainment and Sports
-
pay 30.6% less in Parsippany-Troy Hills
- Clothing
-
pay 36.0% less in Parsippany-Troy Hills
The cost of childcare and housing in Parsippany-Troy Hills are more expensive than in Reykjavik. Expenses including clothing, restaurants, entertainment and sports, groceries, and transportation are lower in Parsippany-Troy Hills. Notably, childcare is significantly more expensive in Parsippany-Troy Hills.
If you lived in Parsippany-Troy Hills instead of Reykjavik, you would:
pay 32.5% less for restaurants
|
Reykjavik
|
Parsippany-Troy Hills
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,825
|
$12.50
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,545
|
$9.50
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK445
|
$2.00
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK309
|
$2.00
|
|
pay 25.6% less for groceries
|
Reykjavik
|
Parsippany-Troy Hills
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK510
|
$4.04
|
|
| Local cheese (8 oz) |
$7.76
ISK1,096
|
$6.61
|
|
| Milk (1 gallon) |
$6.40
ISK905
|
$4.08
|
|
|
Eggs
1 dozen
|
$5.76
ISK813
|
$2.75
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,334
|
$3.00
|
|
| Apples (1 lb) |
$1.40
ISK198
|
$1.30
|
|
| Bananas (1 lb) |
$1.01
ISK143
|
$0.55
|
|
| Oranges (1 lb) |
$1.22
ISK172
|
$1.20
|
|
| Tomatoes (1 lb) |
$2.22
ISK314
|
$1.23
|
|
| Potatoes (1 lb) |
$1.43
ISK203
|
$1.00
|
|
| Onions (1 lb) |
$0.93
ISK132
|
$1.00
|
|
pay 18.4% less for transportation
|
Reykjavik
|
Parsippany-Troy Hills
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,201
|
$3.40
|
|
| Monthly public transit pass |
$74.95
ISK10,587
|
$95.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,995,702
|
$30,000.00
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,397
|
$21.46
|
|
pay 22.1% more for housing
|
Reykjavik
|
Parsippany-Troy Hills
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,868
|
$40.00
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK278,408
|
$1,833.33
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK254,718
|
$1,500.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,620
|
$137.65
|
|
pay 5.4 times more for childcare
|
Reykjavik
|
Parsippany-Troy Hills
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK35,612
|
$1,366.67
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK846,592
|
?? | |
pay 30.6% less for entertainment and sports
|
Reykjavik
|
Parsippany-Troy Hills
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,527
|
$6.00
|
|
| Cappuccino in mid-range area |
$5.31
ISK749
|
$4.50
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,729
|
$11.00
|
|
| Monthly membership at local gym |
$69.95
ISK9,879
|
$25.00
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,087
|
$12.00
|
|
pay 36.0% less for clothing
|
Reykjavik
|
Parsippany-Troy Hills
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,391
|
$32.50
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK7,023
|
$47.50
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,448
|
$95.00
|
|
| Men's business shoes (leather) |
$194.16
ISK27,423
|
$132.50
|
|
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