Cost of living comparison
Raleigh is 51.7% more expensive than Reykjavik.
- Restaurants
-
pay 11.8% less in Raleigh
- Groceries
-
pay 13.1% more in Raleigh
- Transportation
-
pay 34.2% less in Raleigh
- Housing
-
pay 62.6% more in Raleigh
- Childcare
-
pay 4.8 times more in Raleigh
- Entertainment and Sports
-
pay 23.3% less in Raleigh
- Clothing
-
pay 21.1% less in Raleigh
The cost of childcare, housing, and groceries in Raleigh are more expensive than in Reykjavik. Expenses including transportation, entertainment and sports, clothing, and restaurants are lower in Raleigh. Notably, childcare is significantly more expensive in Raleigh.
If you lived in Raleigh instead of Reykjavik, you would:
pay 11.8% less for restaurants
|
Reykjavik
|
Raleigh
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,796
|
$20.00
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,519
|
$11.00
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK441
|
$2.95
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK305
|
$2.40
|
|
pay 13.1% more for groceries
|
Reykjavik
|
Raleigh
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK505
|
$4.34
|
|
| Local cheese (8 oz) |
$7.76
ISK1,084
|
$7.03
|
|
| Milk (1 gallon) |
$6.40
ISK895
|
$3.63
|
|
|
Eggs
1 dozen
|
$5.76
ISK805
|
$3.92
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,321
|
$5.67
|
|
| Apples (1 lb) |
$1.40
ISK196
|
$2.81
|
|
| Bananas (1 lb) |
$1.01
ISK141
|
$0.77
|
|
| Oranges (1 lb) |
$1.22
ISK170
|
$2.67
|
|
| Tomatoes (1 lb) |
$2.22
ISK311
|
$2.46
|
|
| Potatoes (1 lb) |
$1.43
ISK201
|
$1.39
|
|
| Onions (1 lb) |
$0.93
ISK131
|
$1.36
|
|
pay 34.2% less for transportation
|
Reykjavik
|
Raleigh
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,188
|
$3.37
|
|
| Monthly public transit pass |
$74.95
ISK10,477
|
$60.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,933,724
|
$32,344.69
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,362
|
$16.17
|
|
pay 62.6% more for housing
|
Reykjavik
|
Raleigh
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,766
|
$81.24
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK275,530
|
$1,962.72
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK252,085
|
$1,603.24
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,542
|
$186.48
|
|
pay 4.8 times more for childcare
|
Reykjavik
|
Raleigh
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK35,244
|
$1,471.67
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK837,840
|
$22,111.00
|
|
pay 23.3% less for entertainment and sports
|
Reykjavik
|
Raleigh
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,511
|
$6.00
|
|
| Cappuccino in mid-range area |
$5.31
ISK742
|
$5.49
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,712
|
$7.50
|
|
| Monthly membership at local gym |
$69.95
ISK9,777
|
$43.67
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,065
|
$14.88
|
|
pay 21.1% less for clothing
|
Reykjavik
|
Raleigh
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,232
|
$66.71
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,950
|
$52.00
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,226
|
$108.07
|
|
| Men's business shoes (leather) |
$194.16
ISK27,139
|
$153.08
|
|
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