Cost of Living Comparison Between Boston, MA and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 2.3% lower than in Boston, MA (without rent)
Consumer Prices Including Rent in Reykjavik are 18.1% lower than in Boston, MA
Rent Prices in Reykjavik are 39.3% lower than in Boston, MA
Restaurant Prices in Reykjavik are 8.0% higher than in Boston, MA
Groceries Prices in Reykjavik are 6.1% lower than in Boston, MA
Local Purchasing Power in Reykjavik is 20.1% lower than in Boston, MA
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
 Boston, MA Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 22.50 $
(3,147.30 kr)		 21.05 $
(2,945.00 kr)		      -6.4 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 $
(13,988.00 kr)		 121.53 $
(17,000.00 kr)		      +21.5 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(1,678.56 kr)		 16.80 $
(2,350.00 kr)		      +40.0 %
Domestic Beer (1 pint draught) 8.00 $
(1,119.04 kr)		 10.72 $
(1,500.00 kr)		      +34.0 %
Imported Beer (12 oz small bottle) 10.00 $
(1,398.80 kr)		 8.94 $
(1,250.00 kr)		      -10.6 %
Cappuccino (regular) 5.65 $
(790.00 kr)		 5.08 $
(711.18 kr)		      -10.0 %
Coke/Pepsi (12 oz small bottle) 2.80 $
(392.20 kr)		 2.86 $
(399.51 kr)		      +1.9 %
Water (12 oz small bottle) 2.51 $
(351.29 kr)		 2.06 $
(288.03 kr)		      -18.0 %
Markets
 Boston, MA Edit Reykjavik Edit
Milk (regular), (1 gallon) 4.84 $
(676.38 kr)		 6.12 $
(856.52 kr)		      +26.6 %
Loaf of Fresh White Bread (1 lb) 4.00 $
(559.35 kr)		 3.32 $
(464.58 kr)		      -16.9 %
Rice (white), (1 lb) 2.77 $
(387.69 kr)		 1.49 $
(207.81 kr)		      -46.4 %
Eggs (regular) (12) 4.79 $
(670.44 kr)		 5.87 $
(821.68 kr)		      +22.6 %
Local Cheese (1 lb) 9.50 $
(1,329.03 kr)		 6.90 $
(965.37 kr)		      -27.4 %
Chicken Fillets (1 lb) 6.42 $
(897.69 kr)		 8.82 $
(1,233.09 kr)		      +37.4 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.43 $
(1,318.63 kr)		 14.17 $
(1,982.11 kr)		      +50.3 %
Apples (1 lb) 2.59 $
(362.96 kr)		 1.52 $
(212.21 kr)		      -41.5 %
Banana (1 lb) 0.96 $
(134.43 kr)		 0.96 $
(134.69 kr)		      +0.2 %
Oranges (1 lb) 2.83 $
(396.42 kr)		 1.25 $
(175.06 kr)		      -55.8 %
Tomato (1 lb) 2.95 $
(412.89 kr)		 2.21 $
(309.60 kr)		      -25.0 %
Potato (1 lb) 1.72 $
(241.25 kr)		 1.41 $
(196.68 kr)		      -18.5 %
Onion (1 lb) 1.70 $
(238.09 kr)		 1.00 $
(140.44 kr)		      -41.0 %
Lettuce (1 head) 2.75 $
(384.36 kr)		 3.14 $
(439.56 kr)		      +14.4 %
Water (1.5 liter bottle) 2.53 $
(353.80 kr)		 2.01 $
(281.00 kr)		      -20.6 %
Bottle of Wine (Mid-Range) 15.00 $
(2,098.20 kr)		 19.66 $
(2,749.50 kr)		      +31.0 %
Domestic Beer (0.5 liter bottle) 1.90 $
(265.53 kr)		 3.10 $
(434.15 kr)		      +63.5 %
Imported Beer (12 oz small bottle) 5.25 $
(734.37 kr)		 2.54 $
(355.89 kr)		      -51.5 %
Cigarettes 20 Pack (Marlboro) 13.66 $
(1,910.76 kr)		 11.80 $
(1,650.00 kr)		      -13.6 %
Transportation
 Boston, MA Edit Reykjavik Edit
One-way Ticket (Local Transport) 2.40 $
(335.71 kr)		 4.07 $
(570.00 kr)		      +69.8 %
Monthly Pass (Regular Price) 90.00 $
(12,589.20 kr)		 66.49 $
(9,300.00 kr)		      -26.1 %
Taxi Start (Normal Tariff) 2.80 $
(391.66 kr)		 5.22 $
(730.00 kr)		      +86.4 %
Taxi 1 mile (Normal Tariff) 2.80 $
(391.66 kr)		 3.61 $
(504.53 kr)		      +28.8 %
Taxi 1hour Waiting (Normal Tariff) 28.00 $
(3,916.64 kr)		 68.84 $
(9,630.00 kr)		      +145.9 %
Gasoline (1 gallon) 3.58 $
(501.35 kr)		 8.54 $
(1,194.08 kr)		      +138.2 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 $
(4,196,400.00 kr)		 41,392.62 $
(5,790,000.00 kr)		      +38.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 24,095.29 $
(3,370,449.03 kr)		 43,115.53 $
(6,031,000.00 kr)		      +78.9 %
Utilities (Monthly)
 Boston, MA Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 197.39 $
(27,611.35 kr)		 83.75 $
(11,714.74 kr)		      -57.6 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 57.11 $
(7,987.88 kr)		 23.27 $
(3,254.67 kr)		      -59.3 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 69.92 $
(9,779.94 kr)		 68.03 $
(9,516.13 kr)		      -2.7 %
Sports And Leisure
 Boston, MA Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 95.56 $
(13,366.31 kr)		 65.08 $
(9,103.59 kr)		      -31.9 %
Tennis Court Rent (1 Hour on Weekend) 26.00 $
(3,636.88 kr)		 28.70 $
(4,014.29 kr)		      +10.4 %
Cinema, International Release, 1 Seat 16.00 $
(2,238.08 kr)		 14.30 $
(2,000.00 kr)		      -10.6 %
Childcare
 Boston, MA Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,416.67 $
(338,043.33 kr)		 238.82 $
(33,406.33 kr)		      -90.1 %
International Primary School, Yearly for 1 Child 28,000.00 $
(3,916,640.00 kr)		 5,945.57 $
(831,666.67 kr)		      -78.8 %
Clothing And Shoes
 Boston, MA Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 58.78 $
(8,221.73 kr)		 103.27 $
(14,445.76 kr)		      +75.7 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 44.64 $
(6,243.73 kr)		 43.22 $
(6,045.00 kr)		      -3.2 %
1 Pair of Nike Running Shoes (Mid-Range) 92.89 $
(12,994.12 kr)		 140.56 $
(19,661.90 kr)		      +51.3 %
1 Pair of Men Leather Business Shoes 155.69 $
(21,778.24 kr)		 173.53 $
(24,273.12 kr)		      +11.5 %
Rent Per Month
 Boston, MA Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 3,131.60 $
(438,048.21 kr)		 1,852.14 $
(259,077.12 kr)		      -40.9 %
Apartment (1 bedroom) Outside of Centre 2,256.09 $
(315,581.44 kr)		 1,655.22 $
(231,532.66 kr)		      -26.6 %
Apartment (3 bedrooms) in City Centre 5,183.91 $
(725,125.20 kr)		 2,687.77 $
(375,965.52 kr)		      -48.2 %
Apartment (3 bedrooms) Outside of Centre 3,561.36 $
(498,163.55 kr)		 2,389.41 $
(334,230.77 kr)		      -32.9 %
Buy Apartment Price
 Boston, MA Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 846.53 $
(118,412.34 kr)		 585.12 $
(81,846.89 kr)		      -30.9 %
Price per Square Feet to Buy Apartment Outside of Centre 465.08 $
(65,054.94 kr)		 462.41 $
(64,681.33 kr)		      -0.6 %
Salaries And Financing
 Boston, MA Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 5,607.52 $
(784,380.43 kr)		 3,670.15 $
(513,380.43 kr)		      -34.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.55 8.14      +24.4 %
Last update: April 2024April 2024
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