Cost of living comparison
Reykjavik is 17.8% more expensive than United States overall.
- Restaurants
-
pay 29.3% more in Reykjavik
- Groceries
-
pay 14.9% more in Reykjavik
- Transportation
-
pay 55.0% more in Reykjavik
- Housing
-
pay 3.6% less in Reykjavik
- Childcare
-
pay 77.2% less in Reykjavik
- Entertainment and Sports
-
pay 33.5% more in Reykjavik
- Clothing
-
pay 72.8% more in Reykjavik
The cost of clothing, transportation, entertainment and sports, restaurants, and groceries in Reykjavik are more expensive than in United States. Expenses including childcare and housing are lower in Reykjavik.
If you lived in Reykjavik instead of United States, you would:
pay 29.3% more for restaurants
|
United States
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.59
|
$20.00
ISK2,557
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.47
|
$18.02
ISK2,304
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.50
|
$3.15
ISK403
|
|
| Bottle of water (11 fl. oz) |
$1.96
|
$2.19
ISK279
|
|
pay 14.9% more for groceries
|
United States
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.49
|
$3.61
ISK462
|
|
| Local cheese (8 oz) |
$6.33
|
$7.76
ISK992
|
|
| Milk (1 gallon) |
$3.91
|
$6.40
ISK819
|
|
|
Eggs
1 dozen
|
$3.56
|
$5.76
ISK736
|
|
| Boneless chicken breast (1 lb) |
$5.16
|
$9.45
ISK1,208
|
|
| Apples (1 lb) |
$2.33
|
$1.40
ISK179
|
|
| Bananas (1 lb) |
$0.78
|
$1.01
ISK129
|
|
| Oranges (1 lb) |
$2.00
|
$1.22
ISK156
|
|
| Tomatoes (1 lb) |
$2.16
|
$2.22
ISK284
|
|
| Potatoes (1 lb) |
$1.34
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$1.38
|
$0.93
ISK119
|
|
pay 55.0% more for transportation
|
United States
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.61
|
$8.50
ISK1,087
|
|
| Monthly public transit pass |
$65.15
|
$74.95
ISK9,583
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,583.67
|
$42,450.45
ISK5,427,290
|
|
| Taxi trip in downtown area (5 miles) |
$17.81
|
$24.05
ISK3,075
|
|
pay 3.6% less for housing
|
United States
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$67.50
|
$69.87
ISK8,932
|
|
| 1-Bedroom apartment in downtown area |
$1,655.99
|
$1,971.17
ISK252,014
|
|
| 1-Bedroom apartment outside city center |
$1,423.40
|
$1,803.44
ISK230,570
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$148.34
|
$53.95
ISK6,898
|
|
pay 77.2% less for childcare
|
United States
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,351.84
|
$252.14
ISK32,236
|
|
| Middle school for 1 child, two semesters |
$22,265.44
|
$5,993.99
ISK766,332
|
|
pay 33.5% more for entertainment and sports
|
United States
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.78
|
$10.81
ISK1,382
|
|
| Cappuccino in mid-range area |
$5.04
|
$5.31
ISK678
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.68
|
$12.25
ISK1,566
|
|
| Monthly membership at local gym |
$50.84
|
$69.95
ISK8,943
|
|
| Movie ticket to theater/cinema |
$13.30
|
$14.77
ISK1,889
|
|
pay 72.8% more for clothing
|
United States
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.38
|
$108.97
ISK13,932
|
|
|
Regular dress
from H&M or similar store
|
$40.66
|
$49.72
ISK6,357
|
|
|
Running shoes
Nike or Adidas
|
$85.52
|
$151.85
ISK19,415
|
|
| Men's business shoes (leather) |
$111.08
|
$194.16
ISK24,823
|
|
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