Cost of Living Comparison Between Washington, DC and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 2.3% higher than in Washington, DC (without rent)
Consumer Prices Including Rent in Reykjavik are 14.7% lower than in Washington, DC
Rent Prices in Reykjavik are 37.2% lower than in Washington, DC
Restaurant Prices in Reykjavik are 5.0% higher than in Washington, DC
Groceries Prices in Reykjavik are 8.7% higher than in Washington, DC
Local Purchasing Power in Reykjavik is 28.6% 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 $
(3,491.00 kr)		 21.09 $
(2,945.00 kr)		      -15.6 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 $
(13,964.00 kr)		 121.74 $
(17,000.00 kr)		      +21.7 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(1,675.68 kr)		 16.83 $
(2,350.00 kr)		      +40.2 %
Domestic Beer (1 pint draught) 8.00 $
(1,117.12 kr)		 10.74 $
(1,500.00 kr)		      +34.3 %
Imported Beer (12 oz small bottle) 9.00 $
(1,256.76 kr)		 8.95 $
(1,250.00 kr)		      -0.5 %
Cappuccino (regular) 5.48 $
(765.67 kr)		 5.09 $
(711.14 kr)		      -7.1 %
Coke/Pepsi (12 oz small bottle) 2.48 $
(346.56 kr)		 2.86 $
(399.48 kr)		      +15.3 %
Water (12 oz small bottle) 2.25 $
(314.61 kr)		 2.06 $
(288.01 kr)		      -8.5 %
Markets
 Washington, DC Edit Reykjavik Edit
Milk (regular), (1 gallon) 4.27 $
(595.65 kr)		 6.13 $
(856.52 kr)		      +43.8 %
Loaf of Fresh White Bread (1 lb) 3.52 $
(491.80 kr)		 3.33 $
(464.58 kr)		      -5.5 %
Rice (white), (1 lb) 2.32 $
(323.67 kr)		 1.49 $
(207.81 kr)		      -35.8 %
Eggs (regular) (12) 4.06 $
(566.94 kr)		 5.88 $
(821.68 kr)		      +44.9 %
Local Cheese (1 lb) 6.40 $
(893.96 kr)		 6.91 $
(965.37 kr)		      +8.0 %
Chicken Fillets (1 lb) 5.74 $
(801.25 kr)		 8.83 $
(1,233.09 kr)		      +53.9 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.97 $
(1,112.36 kr)		 14.19 $
(1,982.11 kr)		      +78.2 %
Apples (1 lb) 2.34 $
(327.00 kr)		 1.52 $
(212.21 kr)		      -35.1 %
Banana (1 lb) 0.92 $
(128.98 kr)		 0.96 $
(134.68 kr)		      +4.4 %
Oranges (1 lb) 2.28 $
(318.73 kr)		 1.25 $
(175.06 kr)		      -45.1 %
Tomato (1 lb) 2.56 $
(357.48 kr)		 2.22 $
(309.60 kr)		      -13.4 %
Potato (1 lb) 1.57 $
(219.10 kr)		 1.41 $
(196.68 kr)		      -10.2 %
Onion (1 lb) 1.54 $
(215.38 kr)		 1.01 $
(140.44 kr)		      -34.8 %
Lettuce (1 head) 2.80 $
(390.45 kr)		 3.15 $
(439.56 kr)		      +12.6 %
Water (1.5 liter bottle) 2.67 $
(372.19 kr)		 2.01 $
(281.00 kr)		      -24.5 %
Bottle of Wine (Mid-Range) 16.00 $
(2,234.24 kr)		 19.69 $
(2,749.50 kr)		      +23.1 %
Domestic Beer (0.5 liter bottle) 2.30 $
(321.12 kr)		 3.11 $
(434.15 kr)		      +35.2 %
Imported Beer (12 oz small bottle) 4.63 $
(646.88 kr)		 2.55 $
(355.89 kr)		      -45.0 %
Cigarettes 20 Pack (Marlboro) 12.11 $
(1,690.34 kr)		 11.82 $
(1,650.00 kr)		      -2.4 %
Transportation
 Washington, DC Edit Reykjavik Edit
One-way Ticket (Local Transport) 2.50 $
(349.10 kr)		 4.08 $
(570.00 kr)		      +63.3 %
Monthly Pass (Regular Price) 80.00 $
(11,171.20 kr)		 66.60 $
(9,300.00 kr)		      -16.8 %
Taxi Start (Normal Tariff) 3.50 $
(488.74 kr)		 5.23 $
(730.00 kr)		      +49.4 %
Taxi 1 mile (Normal Tariff) 3.51 $
(490.53 kr)		 3.61 $
(504.53 kr)		      +2.9 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(4,189.20 kr)		 68.96 $
(9,630.00 kr)		      +129.9 %
Gasoline (1 gallon) 3.64 $
(507.65 kr)		 8.55 $
(1,194.08 kr)		      +135.2 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 35,699.74 $
(4,985,111.69 kr)		 41,463.76 $
(5,790,000.00 kr)		      +16.1 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26,275.78 $
(3,669,149.92 kr)		 43,189.63 $
(6,031,000.00 kr)		      +64.4 %
Utilities (Monthly)
 Washington, DC Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 171.50 $
(23,947.92 kr)		 83.88 $
(11,713.52 kr)		      -51.1 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 58.82 $
(8,214.12 kr)		 23.31 $
(3,254.67 kr)		      -60.4 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 63.57 $
(8,877.38 kr)		 68.19 $
(9,521.79 kr)		      +7.3 %
Sports And Leisure
 Washington, DC Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 104.29 $
(14,562.46 kr)		 65.19 $
(9,103.59 kr)		      -37.5 %
Tennis Court Rent (1 Hour on Weekend) 31.22 $
(4,359.10 kr)		 28.75 $
(4,014.29 kr)		      -7.9 %
Cinema, International Release, 1 Seat 16.68 $
(2,329.20 kr)		 14.32 $
(2,000.00 kr)		      -14.1 %
Childcare
 Washington, DC Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,326.57 $
(324,882.43 kr)		 239.23 $
(33,406.33 kr)		      -89.7 %
International Primary School, Yearly for 1 Child 51,000.00 $
(7,121,640.00 kr)		 5,955.79 $
(831,666.67 kr)		      -88.3 %
Clothing And Shoes
 Washington, DC Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 73.41 $
(10,251.17 kr)		 103.45 $
(14,445.76 kr)		      +40.9 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 50.96 $
(7,115.71 kr)		 43.29 $
(6,045.00 kr)		      -15.0 %
1 Pair of Nike Running Shoes (Mid-Range) 115.93 $
(16,188.47 kr)		 140.80 $
(19,661.90 kr)		      +21.5 %
1 Pair of Men Leather Business Shoes 173.48 $
(24,225.17 kr)		 173.83 $
(24,273.12 kr)		      +0.2 %
Rent Per Month
 Washington, DC Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 2,519.32 $
(351,797.59 kr)		 1,855.32 $
(259,077.12 kr)		      -26.4 %
Apartment (1 bedroom) Outside of Centre 2,058.28 $
(287,417.91 kr)		 1,658.26 $
(231,559.74 kr)		      -19.4 %
Apartment (3 bedrooms) in City Centre 5,360.53 $
(748,543.89 kr)		 2,692.39 $
(375,965.52 kr)		      -49.8 %
Apartment (3 bedrooms) Outside of Centre 3,754.41 $
(524,266.06 kr)		 2,393.52 $
(334,230.77 kr)		      -36.2 %
Buy Apartment Price
 Washington, DC Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 910.84 $
(127,189.45 kr)		 586.13 $
(81,846.89 kr)		      -35.6 %
Price per Square Feet to Buy Apartment Outside of Centre 625.87 $
(87,396.29 kr)		 463.20 $
(64,681.33 kr)		      -26.0 %
Salaries And Financing
 Washington, DC Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 6,033.45 $
(842,511.18 kr)		 3,676.46 $
(513,380.43 kr)		      -39.1 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.55 8.14      +24.2 %
Last update: May 2024April 2024
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