Cost of Living Comparison Between New York, NY and Reykjavik 
| Indices Difference |  |
|---|---|
| Cost of Living in Reykjavik is 14.6% lower than in New York, NY (without rent) | |
| Cost of Living Including Rent in Reykjavik is 34.8% lower than in New York, NY | |
| Rent Prices in Reykjavik are 56.6% lower than in New York, NY | |
| Restaurant Prices in Reykjavik are 10.2% lower than in New York, NY | |
| Groceries Prices in Reykjavik are 9.4% lower than in New York, NY | |
| Local Purchasing Power in Reykjavik is 0.1% higher than in New York, NY | |
Restaurants | New York, NY Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
30.00 $ (4,123.50 kr) |
21.83 $ (3,000.00 kr) |
-27.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
130.00 $ (17,868.50 kr) |
123.68 $ (17,000.00 kr) |
-4.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.00 $ (1,649.40 kr) |
17.46 $ (2,400.00 kr) |
+45.5 % |
| Domestic Beer (1 pint draught) |
8.00 $ (1,099.60 kr) |
10.91 $ (1,500.00 kr) |
+36.4 % |
| Imported Beer (12 oz small bottle) |
11.00 $ (1,511.95 kr) |
9.09 $ (1,250.00 kr) |
-17.3 % |
| Cappuccino (regular) |
5.70 $ (784.14 kr) |
5.14 $ (706.74 kr) |
-9.9 % |
| Coke/Pepsi (12 oz small bottle) |
3.06 $ (421.18 kr) |
3.00 $ (412.07 kr) |
-2.2 % |
| Water (12 oz small bottle) |
2.29 $ (314.60 kr) |
2.13 $ (292.32 kr) |
-7.1 % |
Markets | New York, NY Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
5.60 $ (769.32 kr) |
6.23 $ (855.96 kr) |
+11.3 % |
| Loaf of Fresh White Bread (1 lb) |
4.46 $ (612.48 kr) |
3.38 $ (464.58 kr) |
-24.1 % |
| Rice (white), (1 lb) |
3.33 $ (457.50 kr) |
1.38 $ (189.98 kr) |
-58.5 % |
| Eggs (regular) (12) |
5.20 $ (714.41 kr) |
5.96 $ (819.16 kr) |
+14.7 % |
| Local Cheese (1 lb) |
7.46 $ (1,025.44 kr) |
7.02 $ (965.37 kr) |
-5.9 % |
| Chicken Fillets (1 lb) |
6.74 $ (926.64 kr) |
8.97 $ (1,233.09 kr) |
+33.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.52 $ (1,171.12 kr) |
14.07 $ (1,934.50 kr) |
+65.2 % |
| Apples (1 lb) |
3.25 $ (446.97 kr) |
1.37 $ (188.37 kr) |
-57.9 % |
| Banana (1 lb) |
0.96 $ (132.09 kr) |
0.98 $ (134.59 kr) |
+1.9 % |
| Oranges (1 lb) |
2.70 $ (370.48 kr) |
1.23 $ (169.47 kr) |
-54.3 % |
| Tomato (1 lb) |
3.03 $ (416.21 kr) |
2.20 $ (303.07 kr) |
-27.2 % |
| Potato (1 lb) |
1.75 $ (240.62 kr) |
1.44 $ (198.33 kr) |
-17.6 % |
| Onion (1 lb) |
1.69 $ (232.12 kr) |
0.98 $ (134.12 kr) |
-42.2 % |
| Lettuce (1 head) |
3.19 $ (438.33 kr) |
3.16 $ (435.00 kr) |
-0.8 % |
| Water (1.5 liter bottle) |
2.47 $ (340.16 kr) |
2.07 $ (284.82 kr) |
-16.3 % |
| Bottle of Wine (Mid-Range) |
20.00 $ (2,749.00 kr) |
20.00 $ (2,749.50 kr) |
+0.0 % |
| Domestic Beer (0.5 liter bottle) |
2.64 $ (362.88 kr) |
3.19 $ (437.94 kr) |
+20.7 % |
| Imported Beer (12 oz small bottle) |
3.70 $ (508.85 kr) |
2.57 $ (353.50 kr) |
-30.5 % |
| Cigarettes 20 Pack (Marlboro) |
17.00 $ (2,336.65 kr) |
12.00 $ (1,650.00 kr) |
-29.4 % |
Transportation | New York, NY Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
2.90 $ (398.61 kr) |
4.15 $ (570.00 kr) |
+43.0 % |
| Monthly Pass (Regular Price) |
132.00 $ (18,143.40 kr) |
67.66 $ (9,300.00 kr) |
-48.7 % |
| Taxi Start (Normal Tariff) |
4.92 $ (676.94 kr) |
5.31 $ (730.00 kr) |
+7.8 % |
| Taxi 1 mile (Normal Tariff) |
3.50 $ (481.08 kr) |
3.67 $ (504.53 kr) |
+4.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
34.00 $ (4,673.30 kr) |
70.06 $ (9,630.00 kr) |
+106.1 % |
| Gasoline (1 gallon) |
3.84 $ (528.18 kr) |
8.67 $ (1,191.65 kr) |
+125.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
35,000.00 $ (4,810,750.00 kr) |
42,124.41 $ (5,790,000.00 kr) |
+20.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,263.92 $ (3,884,875.17 kr) |
43,905.97 $ (6,034,875.00 kr) |
+55.3 % |
Utilities (Monthly) | New York, NY Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
173.29 $ (23,818.03 kr) |
86.27 $ (11,857.77 kr) |
-50.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
66.57 $ (9,149.59 kr) |
23.68 $ (3,254.67 kr) |
-64.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
69.87 $ (9,603.72 kr) |
70.40 $ (9,676.00 kr) |
+0.8 % |
Sports And Leisure | New York, NY Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
138.33 $ (19,013.92 kr) |
63.84 $ (8,775.19 kr) |
-53.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
77.86 $ (10,701.46 kr) |
29.21 $ (4,014.29 kr) |
-62.5 % |
| Cinema, International Release, 1 Seat |
20.00 $ (2,749.00 kr) |
14.55 $ (2,000.00 kr) |
-27.2 % |
Childcare | New York, NY Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,168.00 $ (435,441.60 kr) |
237.05 $ (32,582.12 kr) |
-92.5 % |
| International Primary School, Yearly for 1 Child |
58,000.00 $ (7,972,100.00 kr) |
6,050.69 $ (831,666.67 kr) |
-89.6 % |
Clothing And Shoes | New York, NY Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
71.54 $ (9,832.83 kr) |
105.91 $ (14,557.53 kr) |
+48.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
48.24 $ (6,630.33 kr) |
47.23 $ (6,491.15 kr) |
-2.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
102.21 $ (14,049.30 kr) |
145.47 $ (19,994.75 kr) |
+42.3 % |
| 1 Pair of Men Leather Business Shoes |
165.41 $ (22,735.48 kr) |
180.83 $ (24,855.00 kr) |
+9.3 % |
Rent Per Month | New York, NY Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
4,328.21 $ (594,911.79 kr) |
1,902.07 $ (261,440.00 kr) |
-56.1 % |
| Apartment (1 bedroom) Outside of Centre |
2,917.55 $ (401,017.48 kr) |
1,706.59 $ (234,571.33 kr) |
-41.5 % |
| Apartment (3 bedrooms) in City Centre |
8,565.00 $ (1,177,259.25 kr) |
2,759.31 $ (379,266.67 kr) |
-67.8 % |
| Apartment (3 bedrooms) Outside of Centre |
4,515.20 $ (620,614.24 kr) |
2,462.85 $ (338,518.52 kr) |
-45.5 % |
Buy Apartment Price | New York, NY Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,569.57 $ (215,737.43 kr) |
590.28 $ (81,134.64 kr) |
-62.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,142.75 $ (157,070.72 kr) |
460.79 $ (63,335.22 kr) |
-59.7 % |
Salaries And Financing | New York, NY Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
5,718.11 $ (785,953.74 kr) |
3,735.03 $ (513,380.43 kr) |
-34.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.70 | 8.14 | +21.5 % |
| Last update: | June 2024 | May 2024 | |
| Contributors in the past 12 months: | 478 | 168 |
Moving to New York, NY? Explore:
Moving to Reykjavik? Explore:
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 |
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 |