Cost of living comparison
Reykjavik is 43.6% more expensive than The Valley.
- Restaurants
-
pay 8.3% more in Reykjavik
- Groceries
-
pay 22.1% more in Reykjavik
- Transportation
-
pay 12.6% more in Reykjavik
- Housing
-
pay 25.3% more in Reykjavik
- Childcare
-
pay 2.2 times more in Reykjavik
- Entertainment and Sports
-
pay 77.3% more in Reykjavik
The cost of childcare, entertainment and sports, housing, groceries, transportation, and restaurants in Reykjavik are more expensive than in The Valley. Notably, childcare and entertainment and sports are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of The Valley, you would:
pay 8.3% more for restaurants
|
The Valley
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
EC$54.05
|
$20.00
ISK2,482
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
EC$27.03
|
$18.02
ISK2,236
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.50
EC$9.46
|
$3.15
ISK391
|
|
| Bottle of water (11 fl. oz) |
$4.00
EC$10.81
|
$2.19
ISK271
|
|
pay 22.1% more for groceries
|
The Valley
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.50
EC$9.47
|
$3.61
ISK448
|
|
| Local cheese (8 oz) |
$11.02
EC$29.79
|
$7.76
ISK963
|
|
| Milk (1 gallon) |
$6.60
EC$17.84
|
$6.40
ISK795
|
|
|
Eggs
1 dozen
|
$2.22
EC$6.00
|
$5.76
ISK714
|
|
| Boneless chicken breast (1 lb) |
$7.38
EC$19.93
|
$9.45
ISK1,172
|
|
| Apples (1 lb) | ?? |
$1.40
ISK174
|
|
| Bananas (1 lb) |
$0.93
EC$2.50
|
$1.01
ISK125
|
|
| Oranges (1 lb) |
$1.11
EC$3.00
|
$1.22
ISK151
|
|
| Tomatoes (1 lb) |
$2.22
EC$6.00
|
$2.22
ISK276
|
|
| Potatoes (1 lb) | ?? |
$1.43
ISK178
|
|
| Onions (1 lb) | ?? |
$0.93
ISK116
|
|
pay 12.6% more for transportation
|
The Valley
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.50
EC$17.57
|
$8.50
ISK1,055
|
|
| Monthly public transit pass | ?? |
$74.95
ISK9,302
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$45,000.00
EC$121,614.75
|
$42,450.45
ISK5,268,101
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$24.05
ISK2,985
|
|
pay 25.3% more for housing
|
The Valley
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$55.00
EC$148.64
|
$69.87
ISK8,670
|
|
| 1-Bedroom apartment in downtown area | ?? |
$1,971.17
ISK244,622
|
|
| 1-Bedroom apartment outside city center |
$800.00
EC$2,162.04
|
$1,803.44
ISK223,807
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$229.41
EC$620.00
|
$53.95
ISK6,696
|
|
pay 2.2 times more for childcare
|
The Valley
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$100.00
EC$270.25
|
$252.14
ISK31,291
|
|
| Middle school for 1 child, two semesters |
$3,336.00
EC$9,015.71
|
$5,993.99
ISK743,855
|
|
pay 77.3% more for entertainment and sports
|
The Valley
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.00
EC$10.81
|
$10.81
ISK1,342
|
|
| Cappuccino in mid-range area |
$5.00
EC$13.51
|
$5.31
ISK658
|
|
|
Pack of cigarettes
Marlboro or similar
|
?? |
$12.25
ISK1,520
|
|
| Monthly membership at local gym |
$45.00
EC$121.61
|
$69.95
ISK8,680
|
|
| Movie ticket to theater/cinema | ?? |
$14.77
ISK1,834
|
|
pay (unknown) more for clothing
|
The Valley
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
?? |
$108.97
ISK13,523
|
|
|
Regular dress
from H&M or similar store
|
?? |
$49.72
ISK6,170
|
|
|
Running shoes
Nike or Adidas
|
?? |
$151.85
ISK18,845
|
|
| Men's business shoes (leather) | ?? |
$194.16
ISK24,095
|
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