Cost of living comparison
Reykjavik is 27.4% more expensive than Richmond.
- Restaurants
-
pay 47.3% more in Reykjavik
- Groceries
-
pay 30.9% more in Reykjavik
- Transportation
-
pay 71.5% more in Reykjavik
- Housing
-
pay 1.6% less in Reykjavik
- Childcare
-
pay 80.8% less in Reykjavik
- Entertainment and Sports
-
pay 39.3% more in Reykjavik
- Clothing
-
pay 85.2% more in Reykjavik
The cost of clothing, transportation, restaurants, entertainment and sports, and groceries in Reykjavik are more expensive than in Richmond. Expenses including childcare and housing are lower in Reykjavik. Notably, clothing is significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Richmond, you would:
pay 47.3% more for restaurants
|
Richmond
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
|
$20.00
ISK2,419
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.00
|
$18.02
ISK2,179
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.28
|
$3.15
ISK381
|
|
| Bottle of water (11 fl. oz) |
$2.11
|
$2.19
ISK264
|
|
pay 30.9% more for groceries
|
Richmond
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.91
|
$3.61
ISK437
|
|
| Local cheese (8 oz) |
$4.56
|
$7.76
ISK938
|
|
| Milk (1 gallon) |
$3.26
|
$6.40
ISK774
|
|
|
Eggs
1 dozen
|
$3.30
|
$5.76
ISK696
|
|
| Boneless chicken breast (1 lb) |
$6.00
|
$9.45
ISK1,142
|
|
| Apples (1 lb) |
$2.45
|
$1.40
ISK170
|
|
| Bananas (1 lb) |
$0.49
|
$1.01
ISK122
|
|
| Oranges (1 lb) |
$1.84
|
$1.22
ISK147
|
|
| Tomatoes (1 lb) |
$1.99
|
$2.22
ISK269
|
|
| Potatoes (1 lb) |
$1.35
|
$1.43
ISK173
|
|
| Onions (1 lb) |
$1.30
|
$0.93
ISK113
|
|
pay 71.5% more for transportation
|
Richmond
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.40
|
$8.50
ISK1,028
|
|
| Monthly public transit pass |
$60.00
|
$74.95
ISK9,064
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,351.00
|
$42,450.45
ISK5,133,533
|
|
| Taxi trip in downtown area (5 miles) |
$14.93
|
$24.05
ISK2,908
|
|
pay 1.6% less for housing
|
Richmond
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$71.66
|
$69.87
ISK8,449
|
|
| 1-Bedroom apartment in downtown area |
$1,561.72
|
$1,971.17
ISK238,374
|
|
| 1-Bedroom apartment outside city center |
$1,421.52
|
$1,803.44
ISK218,090
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$125.77
|
$53.95
ISK6,525
|
|
pay 80.8% less for childcare
|
Richmond
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,329.17
|
$252.14
ISK30,491
|
|
| Middle school for 1 child, two semesters |
$30,776.00
|
$5,993.99
ISK724,854
|
|
pay 39.3% more for entertainment and sports
|
Richmond
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.45
|
$10.81
ISK1,307
|
|
| Cappuccino in mid-range area |
$4.75
|
$5.31
ISK642
|
|
|
Pack of cigarettes
Marlboro or similar
|
$8.20
|
$12.25
ISK1,481
|
|
| Monthly membership at local gym |
$50.55
|
$69.95
ISK8,459
|
|
| Movie ticket to theater/cinema |
$15.00
|
$14.77
ISK1,787
|
|
pay 85.2% more for clothing
|
Richmond
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$44.44
|
$108.97
ISK13,178
|
|
|
Regular dress
from H&M or similar store
|
$39.24
|
$49.72
ISK6,013
|
|
|
Running shoes
Nike or Adidas
|
$80.82
|
$151.85
ISK18,364
|
|
| Men's business shoes (leather) |
$107.33
|
$194.16
ISK23,480
|
|
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