Cost of Living Comparison Between Washington, DC and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 1.4% lower than in Washington, DC (without rent)
Consumer Prices Including Rent in Reykjavik are 17.3% lower than in Washington, DC
Rent Prices in Reykjavik are 38.7% lower than in Washington, DC
Restaurant Prices in Reykjavik are 5.1% higher than in Washington, DC
Groceries Prices in Reykjavik are 3.3% higher than in Washington, DC
Local Purchasing Power in Reykjavik is 33.6% lower than in Washington, DC
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
 Washington, DC Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 25.00 $
(3,499.00 kr)		 21.04 $
(2,945.00 kr)		      -15.8 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 $
(13,996.00 kr)		 123.25 $
(17,250.00 kr)		      +23.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(1,679.52 kr)		 16.79 $
(2,350.00 kr)		      +39.9 %
Domestic Beer (1 pint draught) 8.00 $
(1,119.68 kr)		 10.72 $
(1,500.00 kr)		      +34.0 %
Imported Beer (12 oz small bottle) 9.50 $
(1,329.62 kr)		 8.93 $
(1,250.00 kr)		      -6.0 %
Cappuccino (regular) 5.51 $
(770.54 kr)		 5.08 $
(711.20 kr)		      -7.7 %
Coke/Pepsi (12 oz small bottle) 2.53 $
(353.72 kr)		 2.88 $
(403.14 kr)		      +14.0 %
Water (12 oz small bottle) 2.30 $
(322.33 kr)		 2.06 $
(288.04 kr)		      -10.6 %
Markets
 Washington, DC Edit Reykjavik Edit
Milk (regular), (1 gallon) 4.28 $
(599.20 kr)		 6.12 $
(856.77 kr)		      +43.0 %
Loaf of Fresh White Bread (1 lb) 3.69 $
(516.25 kr)		 3.32 $
(464.58 kr)		      -10.0 %
Rice (white), (1 lb) 2.26 $
(316.52 kr)		 1.48 $
(207.81 kr)		      -34.3 %
Eggs (regular) (12) 4.32 $
(604.86 kr)		 5.87 $
(821.68 kr)		      +35.8 %
Local Cheese (1 lb) 6.91 $
(967.27 kr)		 6.90 $
(965.37 kr)		      -0.2 %
Chicken Fillets (1 lb) 5.80 $
(812.25 kr)		 8.81 $
(1,232.99 kr)		      +51.8 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.54 $
(1,195.91 kr)		 14.16 $
(1,982.11 kr)		      +65.7 %
Apples (1 lb) 2.42 $
(338.74 kr)		 1.52 $
(212.21 kr)		      -37.4 %
Banana (1 lb) 0.99 $
(137.96 kr)		 0.96 $
(134.26 kr)		      -2.7 %
Oranges (1 lb) 2.45 $
(342.60 kr)		 1.25 $
(175.06 kr)		      -48.9 %
Tomato (1 lb) 2.86 $
(399.79 kr)		 2.21 $
(309.60 kr)		      -22.6 %
Potato (1 lb) 1.73 $
(242.03 kr)		 1.41 $
(196.68 kr)		      -18.7 %
Onion (1 lb) 1.66 $
(231.80 kr)		 1.00 $
(140.44 kr)		      -39.4 %
Lettuce (1 head) 2.86 $
(400.64 kr)		 3.14 $
(439.56 kr)		      +9.7 %
Water (1.5 liter bottle) 2.62 $
(366.23 kr)		 2.01 $
(281.00 kr)		      -23.3 %
Bottle of Wine (Mid-Range) 16.00 $
(2,239.36 kr)		 19.64 $
(2,749.50 kr)		      +22.8 %
Domestic Beer (0.5 liter bottle) 2.55 $
(356.60 kr)		 3.10 $
(434.15 kr)		      +21.7 %
Imported Beer (12 oz small bottle) 4.63 $
(648.36 kr)		 2.54 $
(355.89 kr)		      -45.1 %
Cigarettes 20 Pack (Marlboro) 12.50 $
(1,749.50 kr)		 11.79 $
(1,650.00 kr)		      -5.7 %
Transportation
 Washington, DC Edit Reykjavik Edit
One-way Ticket (Local Transport) 2.62 $
(367.40 kr)		 4.07 $
(570.00 kr)		      +55.1 %
Monthly Pass (Regular Price) 80.50 $
(11,266.78 kr)		 66.45 $
(9,300.00 kr)		      -17.5 %
Taxi Start (Normal Tariff) 3.50 $
(489.86 kr)		 5.22 $
(730.00 kr)		      +49.0 %
Taxi 1 mile (Normal Tariff) 4.00 $
(559.84 kr)		 3.73 $
(521.43 kr)		      -6.9 %
Taxi 1hour Waiting (Normal Tariff) 45.00 $
(6,298.20 kr)		 68.81 $
(9,630.00 kr)		      +52.9 %
Gasoline (1 gallon) 3.67 $
(514.35 kr)		 8.53 $
(1,194.08 kr)		      +132.2 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 35,699.74 $
(4,996,535.61 kr)		 41,368.96 $
(5,790,000.00 kr)		      +15.9 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26,275.78 $
(3,677,558.17 kr)		 43,492.30 $
(6,087,181.82 kr)		      +65.5 %
Utilities (Monthly)
 Washington, DC Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 178.50 $
(24,982.54 kr)		 83.70 $
(11,715.30 kr)		      -53.1 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 62.12 $
(8,693.99 kr)		 23.25 $
(3,254.67 kr)		      -62.6 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 64.77 $
(9,065.85 kr)		 68.00 $
(9,516.72 kr)		      +5.0 %
Sports And Leisure
 Washington, DC Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 109.88 $
(15,378.11 kr)		 65.04 $
(9,103.59 kr)		      -40.8 %
Tennis Court Rent (1 Hour on Weekend) 41.22 $
(5,768.68 kr)		 28.68 $
(4,014.29 kr)		      -30.4 %
Cinema, International Release, 1 Seat 15.00 $
(2,099.40 kr)		 14.29 $
(2,000.00 kr)		      -4.7 %
Childcare
 Washington, DC Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,326.57 $
(325,626.94 kr)		 250.59 $
(35,073.00 kr)		      -89.2 %
International Primary School, Yearly for 1 Child 51,000.00 $
(7,137,960.00 kr)		 5,942.17 $
(831,666.67 kr)		      -88.3 %
Clothing And Shoes
 Washington, DC Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 74.28 $
(10,396.23 kr)		 104.19 $
(14,582.11 kr)		      +40.3 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 51.96 $
(7,272.63 kr)		 43.42 $
(6,077.50 kr)		      -16.4 %
1 Pair of Nike Running Shoes (Mid-Range) 113.89 $
(15,940.29 kr)		 140.92 $
(19,722.73 kr)		      +23.7 %
1 Pair of Men Leather Business Shoes 176.06 $
(24,641.90 kr)		 180.84 $
(25,310.62 kr)		      +2.7 %
Rent Per Month
 Washington, DC Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 2,569.32 $
(359,601.77 kr)		 1,851.08 $
(259,077.12 kr)		      -28.0 %
Apartment (1 bedroom) Outside of Centre 2,097.17 $
(293,519.45 kr)		 1,654.37 $
(231,544.96 kr)		      -21.1 %
Apartment (3 bedrooms) in City Centre 5,515.79 $
(771,989.89 kr)		 2,686.24 $
(375,965.52 kr)		      -51.3 %
Apartment (3 bedrooms) Outside of Centre 3,820.83 $
(534,763.83 kr)		 2,388.87 $
(334,346.15 kr)		      -37.5 %
Buy Apartment Price
 Washington, DC Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 910.84 $
(127,480.92 kr)		 587.60 $
(82,240.62 kr)		      -35.5 %
Price per Square Feet to Buy Apartment Outside of Centre 654.89 $
(91,658.32 kr)		 467.91 $
(65,489.17 kr)		      -28.6 %
Salaries And Financing
 Washington, DC Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 6,683.42 $
(935,411.00 kr)		 3,668.05 $
(513,380.43 kr)		      -45.1 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.59 8.14      +23.6 %
Last update: April 2024April 2024
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