Cost of Living Comparison Between Reykjavik and New York, NY 
| Indices Difference |  |
|---|---|
| Cost of Living in New York, NY is 17.6% higher than in Reykjavik (without rent) | |
| Cost of Living Including Rent in New York, NY is 54.3% higher than in Reykjavik | |
| Rent Prices in New York, NY are 132.4% higher than in Reykjavik | |
| Restaurant Prices in New York, NY are 12.1% higher than in Reykjavik | |
| Groceries Prices in New York, NY are 11.0% higher than in Reykjavik | |
| Local Purchasing Power in New York, NY is 0.0% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
New York, NY Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (21.65 $) |
4,158.00 kr (30.00 $) |
+38.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (122.66 $) |
18,018.00 kr (130.00 $) |
+6.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,400.00 kr (17.32 $) |
1,663.20 kr (12.00 $) |
-30.7 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.82 $) |
1,108.80 kr (8.00 $) |
-26.1 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (9.02 $) |
1,455.30 kr (10.50 $) |
+16.4 % |
| Cappuccino (regular) |
708.32 kr (5.11 $) |
788.37 kr (5.69 $) |
+11.3 % |
| Coke/Pepsi (12 oz small bottle) |
412.29 kr (2.97 $) |
420.92 kr (3.04 $) |
+2.1 % |
| Water (12 oz small bottle) |
292.41 kr (2.11 $) |
318.56 kr (2.30 $) |
+8.9 % |
Markets | Reykjavik Edit |
New York, NY Edit | |
| Milk (regular), (1 gallon) |
855.96 kr (6.18 $) |
767.25 kr (5.54 $) |
-10.4 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.35 $) |
617.60 kr (4.46 $) |
+32.9 % |
| Rice (white), (1 lb) |
189.98 kr (1.37 $) |
461.32 kr (3.33 $) |
+142.8 % |
| Eggs (regular) (12) |
819.16 kr (5.91 $) |
720.39 kr (5.20 $) |
-12.1 % |
| Local Cheese (1 lb) |
965.37 kr (6.97 $) |
1,034.01 kr (7.46 $) |
+7.1 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (8.90 $) |
921.87 kr (6.65 $) |
-25.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,934.50 kr (13.96 $) |
1,176.91 kr (8.49 $) |
-39.2 % |
| Apples (1 lb) |
188.37 kr (1.36 $) |
450.71 kr (3.25 $) |
+139.3 % |
| Banana (1 lb) |
134.63 kr (0.97 $) |
131.14 kr (0.95 $) |
-2.6 % |
| Oranges (1 lb) |
169.47 kr (1.22 $) |
373.58 kr (2.70 $) |
+120.4 % |
| Tomato (1 lb) |
303.07 kr (2.19 $) |
419.69 kr (3.03 $) |
+38.5 % |
| Potato (1 lb) |
198.33 kr (1.43 $) |
237.76 kr (1.72 $) |
+19.9 % |
| Onion (1 lb) |
134.12 kr (0.97 $) |
234.07 kr (1.69 $) |
+74.5 % |
| Lettuce (1 head) |
435.00 kr (3.14 $) |
442.00 kr (3.19 $) |
+1.6 % |
| Water (1.5 liter bottle) |
284.82 kr (2.05 $) |
343.00 kr (2.47 $) |
+20.4 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (19.84 $) |
2,772.00 kr (20.00 $) |
+0.8 % |
| Domestic Beer (0.5 liter bottle) |
437.94 kr (3.16 $) |
383.46 kr (2.77 $) |
-12.4 % |
| Imported Beer (12 oz small bottle) |
353.50 kr (2.55 $) |
521.67 kr (3.76 $) |
+47.6 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (11.90 $) |
2,356.20 kr (17.00 $) |
+42.8 % |
Transportation | Reykjavik Edit |
New York, NY Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (4.11 $) |
401.94 kr (2.90 $) |
-29.5 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (67.10 $) |
18,295.20 kr (132.00 $) |
+96.7 % |
| Taxi Start (Normal Tariff) |
730.00 kr (5.27 $) |
682.60 kr (4.92 $) |
-6.5 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (3.64 $) |
485.10 kr (3.50 $) |
-3.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (69.48 $) |
4,712.40 kr (34.00 $) |
-51.1 % |
| Gasoline (1 gallon) |
1,191.65 kr (8.60 $) |
525.14 kr (3.79 $) |
-55.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (41,774.89 $) |
4,851,000.00 kr (35,000.00 $) |
-16.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,034,875.00 kr (43,541.67 $) |
3,917,378.67 kr (28,263.92 $) |
-35.1 % |
Utilities (Monthly) | Reykjavik Edit |
New York, NY Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,864.96 kr (85.61 $) |
23,594.09 kr (170.23 $) |
+98.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (23.48 $) |
8,902.74 kr (64.23 $) |
+173.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,680.20 kr (69.84 $) |
9,619.66 kr (69.41 $) |
-0.6 % |
Sports And Leisure | Reykjavik Edit |
New York, NY Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,775.19 kr (63.31 $) |
19,237.68 kr (138.80 $) |
+119.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (28.96 $) |
10,791.00 kr (77.86 $) |
+168.8 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (14.43 $) |
2,772.00 kr (20.00 $) |
+38.6 % |
Childcare | Reykjavik Edit |
New York, NY Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
32,582.12 kr (235.08 $) |
439,084.80 kr (3,168.00 $) |
+1,247.6 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (6,000.48 $) |
8,038,800.00 kr (58,000.00 $) |
+866.6 % |
Clothing And Shoes | Reykjavik Edit |
New York, NY Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,557.53 kr (105.03 $) |
9,915.10 kr (71.54 $) |
-31.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,491.15 kr (46.83 $) |
6,685.80 kr (48.24 $) |
+3.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,994.75 kr (144.26 $) |
14,060.68 kr (101.45 $) |
-29.7 % |
| 1 Pair of Men Leather Business Shoes |
24,855.00 kr (179.33 $) |
22,531.54 kr (162.57 $) |
-9.3 % |
Rent Per Month | Reykjavik Edit |
New York, NY Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,869.24 $) |
599,889.23 kr (4,328.21 $) |
+131.5 % |
| Apartment (1 bedroom) Outside of Centre |
234,603.23 kr (1,692.66 $) |
402,443.58 kr (2,903.63 $) |
+71.5 % |
| Apartment (3 bedrooms) in City Centre |
379,266.67 kr (2,736.41 $) |
1,187,109.00 kr (8,565.00 $) |
+213.0 % |
| Apartment (3 bedrooms) Outside of Centre |
338,518.52 kr (2,442.41 $) |
625,806.72 kr (4,515.20 $) |
+84.9 % |
Buy Apartment Price | Reykjavik Edit |
New York, NY Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,134.64 kr (585.39 $) |
217,542.44 kr (1,569.57 $) |
+168.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
63,335.22 kr (456.96 $) |
158,384.89 kr (1,142.75 $) |
+150.1 % |
Salaries And Financing | Reykjavik Edit |
New York, NY Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,704.04 $) |
792,529.56 kr (5,718.11 $) |
+54.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 6.72 | -17.5 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 170 | 481 |
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 |