Cost of Living Comparison Between Reykjavik and New York, NY 
| Indices Difference |  |
|---|---|
| Consumer Prices in New York, NY are 19.9% higher than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in New York, NY are 64.4% higher than in Reykjavik | |
| Rent Prices in New York, NY are 160.6% higher than in Reykjavik | |
| Restaurant Prices in New York, NY are 12.4% higher than in Reykjavik | |
| Groceries Prices in New York, NY are 10.2% higher than in Reykjavik | |
| Local Purchasing Power in New York, NY is 4.9% lower than in Reykjavik | |
Restaurants | Reykjavik Edit |
New York, NY Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (21.69 $) |
4,148.70 kr (30.00 $) |
+38.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (122.93 $) |
17,977.70 kr (130.00 $) |
+5.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,400.00 kr (17.35 $) |
1,659.48 kr (12.00 $) |
-30.9 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.85 $) |
1,106.32 kr (8.00 $) |
-26.2 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (9.04 $) |
1,521.19 kr (11.00 $) |
+21.7 % |
| Cappuccino (regular) |
706.90 kr (5.11 $) |
794.26 kr (5.74 $) |
+12.4 % |
| Coke/Pepsi (12 oz small bottle) |
403.37 kr (2.92 $) |
445.48 kr (3.22 $) |
+10.4 % |
| Water (12 oz small bottle) |
287.91 kr (2.08 $) |
326.30 kr (2.36 $) |
+13.3 % |
Markets | Reykjavik Edit |
New York, NY Edit | |
| Milk (regular), (1 gallon) |
856.52 kr (6.19 $) |
789.87 kr (5.71 $) |
-7.8 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.36 $) |
615.69 kr (4.45 $) |
+32.5 % |
| Rice (white), (1 lb) |
207.81 kr (1.50 $) |
479.56 kr (3.47 $) |
+130.8 % |
| Eggs (regular) (12) |
821.68 kr (5.94 $) |
737.78 kr (5.33 $) |
-10.2 % |
| Local Cheese (1 lb) |
965.37 kr (6.98 $) |
1,081.07 kr (7.82 $) |
+12.0 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (8.92 $) |
974.60 kr (7.05 $) |
-21.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (14.33 $) |
1,243.52 kr (8.99 $) |
-37.3 % |
| Apples (1 lb) |
212.21 kr (1.53 $) |
428.97 kr (3.10 $) |
+102.1 % |
| Banana (1 lb) |
134.62 kr (0.97 $) |
132.90 kr (0.96 $) |
-1.3 % |
| Oranges (1 lb) |
175.06 kr (1.27 $) |
349.45 kr (2.53 $) |
+99.6 % |
| Tomato (1 lb) |
309.60 kr (2.24 $) |
404.71 kr (2.93 $) |
+30.7 % |
| Potato (1 lb) |
196.68 kr (1.42 $) |
249.76 kr (1.81 $) |
+27.0 % |
| Onion (1 lb) |
140.44 kr (1.02 $) |
233.54 kr (1.69 $) |
+66.3 % |
| Lettuce (1 head) |
439.56 kr (3.18 $) |
407.84 kr (2.95 $) |
-7.2 % |
| Water (1.5 liter bottle) |
281.00 kr (2.03 $) |
348.82 kr (2.52 $) |
+24.1 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (19.88 $) |
2,765.80 kr (20.00 $) |
+0.6 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (3.14 $) |
349.57 kr (2.53 $) |
-19.5 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.57 $) |
533.23 kr (3.86 $) |
+49.8 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (11.93 $) |
2,350.93 kr (17.00 $) |
+42.5 % |
Transportation | Reykjavik Edit |
New York, NY Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (4.12 $) |
401.04 kr (2.90 $) |
-29.6 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (67.25 $) |
18,254.28 kr (132.00 $) |
+96.3 % |
| Taxi Start (Normal Tariff) |
730.00 kr (5.28 $) |
691.45 kr (5.00 $) |
-5.3 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (3.65 $) |
484.02 kr (3.50 $) |
-4.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (69.64 $) |
4,701.86 kr (34.00 $) |
-51.2 % |
| Gasoline (1 gallon) |
1,191.65 kr (8.62 $) |
533.06 kr (3.85 $) |
-55.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (41,868.54 $) |
4,840,150.00 kr (35,000.00 $) |
-16.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 kr (43,611.25 $) |
3,921,469.89 kr (28,356.86 $) |
-35.0 % |
Utilities (Monthly) | Reykjavik Edit |
New York, NY Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,706.63 kr (84.65 $) |
26,574.91 kr (192.17 $) |
+127.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (23.54 $) |
9,809.05 kr (70.93 $) |
+201.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,512.61 kr (68.79 $) |
10,046.32 kr (72.65 $) |
+5.6 % |
Sports And Leisure | Reykjavik Edit |
New York, NY Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (65.83 $) |
20,460.63 kr (147.95 $) |
+124.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (29.03 $) |
12,878.26 kr (93.12 $) |
+220.8 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (14.46 $) |
2,765.80 kr (20.00 $) |
+38.3 % |
Childcare | Reykjavik Edit |
New York, NY Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 kr (241.57 $) |
431,956.50 kr (3,123.56 $) |
+1,193.0 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (6,013.93 $) |
8,020,820.00 kr (58,000.00 $) |
+864.4 % |
Clothing And Shoes | Reykjavik Edit |
New York, NY Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,445.76 kr (104.46 $) |
10,109.23 kr (73.10 $) |
-30.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 kr (43.71 $) |
6,839.07 kr (49.45 $) |
+13.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 kr (142.18 $) |
13,999.51 kr (101.23 $) |
-28.8 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 kr (175.52 $) |
23,849.26 kr (172.46 $) |
-1.7 % |
Rent Per Month | Reykjavik Edit |
New York, NY Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,873.43 $) |
623,924.00 kr (4,511.71 $) |
+140.8 % |
| Apartment (1 bedroom) Outside of Centre |
231,553.45 kr (1,674.40 $) |
439,737.80 kr (3,179.82 $) |
+89.9 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,718.67 $) |
1,365,636.80 kr (9,875.17 $) |
+263.2 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 kr (2,416.88 $) |
697,350.37 kr (5,042.67 $) |
+108.6 % |
Buy Apartment Price | Reykjavik Edit |
New York, NY Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,846.89 kr (591.85 $) |
269,965.76 kr (1,952.17 $) |
+229.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,681.33 kr (467.72 $) |
210,269.60 kr (1,520.50 $) |
+225.1 % |
Salaries And Financing | Reykjavik Edit |
New York, NY Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,712.35 $) |
802,711.38 kr (5,804.55 $) |
+56.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 6.92 | -15.0 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 164 | 501 |
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 |