Cost of living comparison

compared to

Reykjavik vs. Yale Cost Breakdown

If you lived in Reykjavik instead of Yale, you would:

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pay (unknown) more for restaurants

	Yale	Reykjavik
Basic meal with drink at inexpensive restaurant	??	$20.00 ISK2,796
Fast food combo meal McDonalds, or similar	??	$18.02 ISK2,519
Bottle of Coca-Cola (11 fl. oz)	??	$3.15 ISK441
Bottle of water (11 fl. oz)	??	$2.19 ISK305

Yale vs. Reykjavik - Cost of restaurants

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pay (unknown) more for groceries

	Yale	Reykjavik
Bread 1 loaf	??	$3.61 ISK505
Local cheese (8 oz)	??	$7.76 ISK1,084
Milk (1 gallon)	??	$6.40 ISK895
Eggs 1 dozen	??	$5.76 ISK805
Boneless chicken breast (1 lb)	??	$9.45 ISK1,321
Apples (1 lb)	??	$1.40 ISK196
Bananas (1 lb)	??	$1.01 ISK141
Oranges (1 lb)	??	$1.22 ISK170
Tomatoes (1 lb)	??	$2.22 ISK311
Potatoes (1 lb)	??	$1.43 ISK201
Onions (1 lb)	??	$0.93 ISK131

Yale vs. Reykjavik - Cost of groceries

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pay (unknown) more for transportation

	Yale	Reykjavik
Gasoline (1 gallon)	??	$8.50 ISK1,188
Monthly public transit pass	??	$74.95 ISK10,477
New Volkswagen Golf 1.4 (standard edition)	??	$42,450.45 ISK5,933,724
Taxi trip in downtown area (5 miles)	??	$24.05 ISK3,362

Yale vs. Reykjavik - Cost of transportation

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pay (unknown) more for housing

	Yale	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	??	$69.87 ISK9,766
1-Bedroom apartment in downtown area	??	$1,971.17 ISK275,530
1-Bedroom apartment outside city center	??	$1,803.44 ISK252,085
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	??	$53.95 ISK7,542

Yale vs. Reykjavik - Cost of housing

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pay (unknown) more for childcare

	Yale	Reykjavik
Private preschool for 1 child, monthly	??	$252.14 ISK35,244
Middle school for 1 child, two semesters	??	$5,993.99 ISK837,840

Yale vs. Reykjavik - Cost of childcare

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pay (unknown) more for entertainment and sports

	Yale	Reykjavik
Domestic/local beer (1 pint)	??	$10.81 ISK1,511
Cappuccino in mid-range area	??	$5.31 ISK742
Pack of cigarettes Marlboro or similar	??	$12.25 ISK1,712
Monthly membership at local gym	??	$69.95 ISK9,777
Movie ticket to theater/cinema	??	$14.77 ISK2,065

Yale vs. Reykjavik - Cost of entertainment and sports

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pay (unknown) more for clothing

	Yale	Reykjavik
Regular jeans Levi's brand	??	$108.97 ISK15,232
Regular dress from H&M or similar store	??	$49.72 ISK6,950
Running shoes Nike or Adidas	??	$151.85 ISK21,226
Men's business shoes (leather)	??	$194.16 ISK27,139

Yale vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: January 2025

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See the cost of living in United States vs. Iceland. This provides a comparison of the average cost of living from cities within United States and Iceland.

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