Cost of Living Comparison Between Reykjavik and New York, NY 
| Indices Difference |  |
|---|---|
| Consumer Prices in New York, NY are 16.8% higher than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in New York, NY are 52.3% higher than in Reykjavik | |
| Rent Prices in New York, NY are 129.1% higher than in Reykjavik | |
| Restaurant Prices in New York, NY are 14.0% higher than in Reykjavik | |
| Groceries Prices in New York, NY are 9.4% higher than in Reykjavik | |
| Local Purchasing Power in New York, NY is 3.4% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
New York, NY Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (21.03 $) |
4,200.30 kr (30.00 $) |
+42.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 kr (121.42 $) |
18,201.30 kr (130.00 $) |
+7.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (16.78 $) |
1,680.12 kr (12.00 $) |
-28.5 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.71 $) |
1,120.08 kr (8.00 $) |
-25.3 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (8.93 $) |
1,470.11 kr (10.50 $) |
+17.6 % |
| Cappuccino (regular) |
711.21 kr (5.08 $) |
778.46 kr (5.56 $) |
+9.5 % |
| Coke/Pepsi (12 oz small bottle) |
399.56 kr (2.85 $) |
439.34 kr (3.14 $) |
+10.0 % |
| Water (12 oz small bottle) |
288.04 kr (2.06 $) |
318.38 kr (2.27 $) |
+10.5 % |
Markets | Reykjavik Edit |
New York, NY Edit | |
| Milk (regular), (1 gallon) |
856.52 kr (6.12 $) |
792.05 kr (5.66 $) |
-7.5 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (3.32 $) |
608.17 kr (4.34 $) |
+30.9 % |
| Rice (white), (1 lb) |
207.81 kr (1.48 $) |
451.30 kr (3.22 $) |
+117.2 % |
| Eggs (regular) (12) |
821.68 kr (5.87 $) |
734.47 kr (5.25 $) |
-10.6 % |
| Local Cheese (1 lb) |
965.37 kr (6.90 $) |
1,059.51 kr (7.57 $) |
+9.8 % |
| Chicken Fillets (1 lb) |
1,233.09 kr (8.81 $) |
970.45 kr (6.93 $) |
-21.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (14.16 $) |
1,214.66 kr (8.68 $) |
-38.7 % |
| Apples (1 lb) |
212.21 kr (1.52 $) |
434.31 kr (3.10 $) |
+104.7 % |
| Banana (1 lb) |
134.69 kr (0.96 $) |
129.33 kr (0.92 $) |
-4.0 % |
| Oranges (1 lb) |
175.06 kr (1.25 $) |
362.46 kr (2.59 $) |
+107.1 % |
| Tomato (1 lb) |
309.60 kr (2.21 $) |
394.09 kr (2.81 $) |
+27.3 % |
| Potato (1 lb) |
196.68 kr (1.40 $) |
253.97 kr (1.81 $) |
+29.1 % |
| Onion (1 lb) |
140.44 kr (1.00 $) |
227.84 kr (1.63 $) |
+62.2 % |
| Lettuce (1 head) |
439.56 kr (3.14 $) |
402.72 kr (2.88 $) |
-8.4 % |
| Water (1.5 liter bottle) |
281.00 kr (2.01 $) |
336.84 kr (2.41 $) |
+19.9 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (19.64 $) |
2,800.20 kr (20.00 $) |
+1.8 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (3.10 $) |
353.92 kr (2.53 $) |
-18.5 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (2.54 $) |
532.90 kr (3.81 $) |
+49.7 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (11.78 $) |
2,380.17 kr (17.00 $) |
+44.3 % |
Transportation | Reykjavik Edit |
New York, NY Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (4.07 $) |
406.03 kr (2.90 $) |
-28.8 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (66.42 $) |
18,481.32 kr (132.00 $) |
+98.7 % |
| Taxi Start (Normal Tariff) |
730.00 kr (5.21 $) |
700.05 kr (5.00 $) |
-4.1 % |
| Taxi 1 mile (Normal Tariff) |
504.53 kr (3.60 $) |
490.04 kr (3.50 $) |
-2.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (68.78 $) |
4,200.30 kr (30.00 $) |
-56.4 % |
| Gasoline (1 gallon) |
1,194.08 kr (8.53 $) |
537.25 kr (3.84 $) |
-55.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (41,354.19 $) |
3,920,280.00 kr (28,000.00 $) |
-32.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,031,000.00 kr (43,075.49 $) |
3,787,153.69 kr (27,049.17 $) |
-37.2 % |
Utilities (Monthly) | Reykjavik Edit |
New York, NY Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,715.58 kr (83.68 $) |
25,647.30 kr (183.18 $) |
+118.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (23.25 $) |
9,059.17 kr (64.70 $) |
+178.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,522.15 kr (68.01 $) |
9,844.41 kr (70.31 $) |
+3.4 % |
Sports And Leisure | Reykjavik Edit |
New York, NY Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (65.02 $) |
18,501.32 kr (132.14 $) |
+103.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (28.67 $) |
10,384.08 kr (74.17 $) |
+158.7 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (14.28 $) |
2,800.20 kr (20.00 $) |
+40.0 % |
Childcare | Reykjavik Edit |
New York, NY Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
33,406.33 kr (238.60 $) |
429,220.40 kr (3,065.64 $) |
+1,184.8 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (5,940.05 $) |
8,855,632.50 kr (63,250.00 $) |
+964.8 % |
Clothing And Shoes | Reykjavik Edit |
New York, NY Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,445.76 kr (103.18 $) |
9,756.18 kr (69.68 $) |
-32.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,045.00 kr (43.18 $) |
6,359.40 kr (45.42 $) |
+5.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,661.90 kr (140.43 $) |
13,544.62 kr (96.74 $) |
-31.1 % |
| 1 Pair of Men Leather Business Shoes |
24,273.12 kr (173.37 $) |
22,661.62 kr (161.86 $) |
-6.6 % |
Rent Per Month | Reykjavik Edit |
New York, NY Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (1,850.42 $) |
582,741.16 kr (4,162.14 $) |
+124.9 % |
| Apartment (1 bedroom) Outside of Centre |
231,555.24 kr (1,653.85 $) |
396,823.34 kr (2,834.25 $) |
+71.4 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (2,685.28 $) |
1,155,110.50 kr (8,250.20 $) |
+207.2 % |
| Apartment (3 bedrooms) Outside of Centre |
334,230.77 kr (2,387.19 $) |
616,492.03 kr (4,403.20 $) |
+84.5 % |
Buy Apartment Price | Reykjavik Edit |
New York, NY Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,846.89 kr (584.58 $) |
230,256.20 kr (1,644.57 $) |
+181.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,681.33 kr (461.98 $) |
152,850.86 kr (1,091.71 $) |
+136.3 % |
Salaries And Financing | Reykjavik Edit |
New York, NY Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (3,666.74 $) |
808,630.13 kr (5,775.52 $) |
+57.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 6.68 | -18.0 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 162 | 474 |
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 |