Cost of Living Comparison Between Reykjavik and New York, NY 
| Indices Difference |  |
|---|---|
| Cost of Living in New York, NY is 15.7% higher than in Reykjavik (without rent) | |
| Cost of Living Including Rent in New York, NY is 52.1% higher than in Reykjavik | |
| Rent Prices in New York, NY are 129.9% higher than in Reykjavik | |
| Restaurant Prices in New York, NY are 10.8% higher than in Reykjavik | |
| Groceries Prices in New York, NY are 8.0% higher than in Reykjavik | |
| Local Purchasing Power in New York, NY is 0.7% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
New York, NY Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (21.83 $) |
4,123.20 kr (30.00 $) |
+37.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (123.69 $) |
17,867.20 kr (130.00 $) |
+5.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,400.00 kr (17.46 $) |
1,649.28 kr (12.00 $) |
-31.3 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.91 $) |
1,099.52 kr (8.00 $) |
-26.7 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (9.09 $) |
1,374.40 kr (10.00 $) |
+10.0 % |
| Cappuccino (regular) |
706.74 kr (5.14 $) |
774.47 kr (5.63 $) |
+9.6 % |
| Coke/Pepsi (12 oz small bottle) |
407.03 kr (2.96 $) |
418.28 kr (3.04 $) |
+2.8 % |
| Water (12 oz small bottle) |
292.32 kr (2.13 $) |
311.46 kr (2.27 $) |
+6.5 % |
Markets | Reykjavik Edit |
New York, NY Edit | |
| Milk (regular), (1 gallon) |
856.52 kr (6.23 $) |
775.55 kr (5.64 $) |
-9.5 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.38 $) |
598.40 kr (4.35 $) |
+28.8 % |
| Rice (white), (1 lb) |
207.81 kr (1.51 $) |
457.46 kr (3.33 $) |
+120.1 % |
| Eggs (regular) (12) |
821.68 kr (5.98 $) |
721.43 kr (5.25 $) |
-12.2 % |
| Local Cheese (1 lb) |
965.37 kr (7.02 $) |
1,025.36 kr (7.46 $) |
+6.2 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (8.97 $) |
936.14 kr (6.81 $) |
-24.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (14.42 $) |
1,194.60 kr (8.69 $) |
-39.7 % |
| Apples (1 lb) |
212.21 kr (1.54 $) |
431.08 kr (3.14 $) |
+103.1 % |
| Banana (1 lb) |
134.58 kr (0.98 $) |
132.08 kr (0.96 $) |
-1.9 % |
| Oranges (1 lb) |
175.06 kr (1.27 $) |
356.51 kr (2.59 $) |
+103.7 % |
| Tomato (1 lb) |
309.60 kr (2.25 $) |
402.22 kr (2.93 $) |
+29.9 % |
| Potato (1 lb) |
196.68 kr (1.43 $) |
248.23 kr (1.81 $) |
+26.2 % |
| Onion (1 lb) |
140.44 kr (1.02 $) |
232.11 kr (1.69 $) |
+65.3 % |
| Lettuce (1 head) |
439.56 kr (3.20 $) |
405.33 kr (2.95 $) |
-7.8 % |
| Water (1.5 liter bottle) |
281.00 kr (2.04 $) |
340.13 kr (2.47 $) |
+21.0 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (20.01 $) |
2,748.80 kr (20.00 $) |
-0.0 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (3.16 $) |
353.23 kr (2.57 $) |
-18.6 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.59 $) |
523.12 kr (3.81 $) |
+47.0 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (12.01 $) |
2,336.48 kr (17.00 $) |
+41.6 % |
Transportation | Reykjavik Edit |
New York, NY Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (4.15 $) |
398.58 kr (2.90 $) |
-30.1 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (67.67 $) |
18,142.08 kr (132.00 $) |
+95.1 % |
| Taxi Start (Normal Tariff) |
730.00 kr (5.31 $) |
687.20 kr (5.00 $) |
-5.9 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (3.67 $) |
481.04 kr (3.50 $) |
-4.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (70.07 $) |
4,672.96 kr (34.00 $) |
-51.5 % |
| Gasoline (1 gallon) |
1,191.65 kr (8.67 $) |
530.56 kr (3.86 $) |
-55.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (42,127.47 $) |
4,329,360.00 kr (31,500.00 $) |
-25.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 kr (43,880.97 $) |
3,775,467.11 kr (27,469.93 $) |
-37.4 % |
Utilities (Monthly) | Reykjavik Edit |
New York, NY Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,701.30 kr (85.14 $) |
24,297.10 kr (176.78 $) |
+107.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (23.68 $) |
9,132.65 kr (66.45 $) |
+180.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,507.83 kr (69.18 $) |
9,742.03 kr (70.88 $) |
+2.5 % |
Sports And Leisure | Reykjavik Edit |
New York, NY Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (66.24 $) |
19,241.60 kr (140.00 $) |
+111.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (29.21 $) |
10,700.69 kr (77.86 $) |
+166.6 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (14.55 $) |
2,748.80 kr (20.00 $) |
+37.4 % |
Childcare | Reykjavik Edit |
New York, NY Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 kr (243.06 $) |
425,605.87 kr (3,096.67 $) |
+1,174.0 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (6,051.13 $) |
7,916,544.00 kr (57,600.00 $) |
+851.9 % |
Clothing And Shoes | Reykjavik Edit |
New York, NY Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,582.11 kr (106.10 $) |
9,872.22 kr (71.83 $) |
-32.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 kr (43.98 $) |
6,629.84 kr (48.24 $) |
+9.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 kr (143.06 $) |
13,592.77 kr (98.90 $) |
-30.9 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 kr (176.61 $) |
22,733.83 kr (165.41 $) |
-6.3 % |
Rent Per Month | Reykjavik Edit |
New York, NY Edit | |
| Apartment (1 bedroom) in City Centre |
261,440.00 kr (1,902.21 $) |
594,868.51 kr (4,328.21 $) |
+127.5 % |
| Apartment (1 bedroom) Outside of Centre |
234,586.04 kr (1,706.83 $) |
393,348.70 kr (2,861.97 $) |
+67.7 % |
| Apartment (3 bedrooms) in City Centre |
379,266.67 kr (2,759.51 $) |
1,177,173.60 kr (8,565.00 $) |
+210.4 % |
| Apartment (3 bedrooms) Outside of Centre |
338,518.52 kr (2,463.03 $) |
625,504.71 kr (4,551.11 $) |
+84.8 % |
Buy Apartment Price | Reykjavik Edit |
New York, NY Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
83,258.12 kr (605.78 $) |
215,721.74 kr (1,569.57 $) |
+159.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
65,749.86 kr (478.39 $) |
157,059.30 kr (1,142.75 $) |
+138.9 % |
Salaries And Financing | Reykjavik Edit |
New York, NY Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,735.31 $) |
786,691.48 kr (5,723.89 $) |
+53.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 6.72 | -17.5 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 168 | 500 |
Moving to Reykjavik? Explore:
Moving to New York, NY? Explore:
Cities near Reykjavik: | Cost of Living in Hafnarfjorour | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |
Cities near New York, NY: | Cost of Living in Jersey City, New Jersey | 4.58 miles |
| Cost of Living in East Rutherford, New Jersey | 10.01 miles |
| Cost of Living in Rutherford, New Jersey | 10.22 miles |
| Cost of Living in Newark, New Jersey | 11.63 miles |
| Cost of Living in Paterson, New Jersey | 17.95 miles |
| Cost of Living in Bergen County, New Jersey | 20.13 miles |
| Cost of Living in Hempstead, New York | 22.26 miles |
| Cost of Living in West Caldwell, New Jersey | 23.56 miles |
| Cost of Living in Woodbridge, New Jersey | 25.26 miles |
| Cost of Living in Parsippany-Troy Hills, New Jersey | 30.18 miles |