Cost of Living Comparison Between Washington, DC and Reykjavik 
| Indices Difference |  |
|---|---|
| Cost of Living in Reykjavik is 11.7% higher than in Washington, DC (excluding rent) | |
| Cost of Living Including Rent in Reykjavik is 5.6% lower than in Washington, DC | |
| Rent Prices in Reykjavik are 31.4% lower than in Washington, DC | |
| Restaurant Prices in Reykjavik are 17.3% higher than in Washington, DC | |
| Groceries Prices in Reykjavik are 14.7% higher than in Washington, DC | |
| Local Purchasing Power in Reykjavik is 26.7% lower than in Washington, DC | |
Restaurants | Washington, DC Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 $ (3,195.75 kr) |
26.21 $ (3,350.00 kr) |
+4.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 $ (15,339.60 kr) |
140.81 $ (18,000.00 kr) |
+17.3 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.00 $ (1,533.96 kr) |
19.56 $ (2,500.00 kr) |
+63.0 % |
| Domestic Beer (1 pint draught) |
8.00 $ (1,022.64 kr) |
12.13 $ (1,550.00 kr) |
+51.6 % |
| Imported Beer (12 oz small bottle) |
10.00 $ (1,278.30 kr) |
10.56 $ (1,350.00 kr) |
+5.6 % |
| Cappuccino (regular) |
5.59 $ (714.48 kr) |
5.95 $ (760.80 kr) |
+6.5 % |
| Coke/Pepsi (12 oz small bottle) |
3.02 $ (386.00 kr) |
3.23 $ (412.54 kr) |
+6.9 % |
| Water (12 oz small bottle) |
2.56 $ (326.89 kr) |
2.54 $ (324.39 kr) |
-0.8 % |
Markets | Washington, DC Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
4.22 $ (539.68 kr) |
6.89 $ (880.45 kr) |
+63.1 % |
| Loaf of Fresh White Bread (1 lb) |
3.95 $ (505.49 kr) |
3.61 $ (461.71 kr) |
-8.7 % |
| Rice (white), (1 lb) |
2.92 $ (373.72 kr) |
1.60 $ (203.93 kr) |
-45.4 % |
| Eggs (regular) (12) |
4.11 $ (525.15 kr) |
6.39 $ (817.20 kr) |
+55.6 % |
| Local Cheese (1 lb) |
7.42 $ (948.08 kr) |
7.94 $ (1,015.14 kr) |
+7.1 % |
| Chicken Fillets (1 lb) |
6.96 $ (889.76 kr) |
10.45 $ (1,335.50 kr) |
+50.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.94 $ (1,142.71 kr) |
18.31 $ (2,340.20 kr) |
+104.8 % |
| Apples (1 lb) |
2.76 $ (352.68 kr) |
1.43 $ (182.96 kr) |
-48.1 % |
| Banana (1 lb) |
0.98 $ (125.35 kr) |
1.10 $ (140.20 kr) |
+11.8 % |
| Oranges (1 lb) |
2.40 $ (306.21 kr) |
1.29 $ (164.58 kr) |
-46.3 % |
| Tomato (1 lb) |
2.85 $ (364.51 kr) |
2.33 $ (298.35 kr) |
-18.2 % |
| Potato (1 lb) |
1.57 $ (200.87 kr) |
1.59 $ (203.79 kr) |
+1.5 % |
| Onion (1 lb) |
1.75 $ (223.70 kr) |
1.04 $ (133.04 kr) |
-40.5 % |
| Lettuce (1 head) |
2.52 $ (321.95 kr) |
3.15 $ (402.38 kr) |
+25.0 % |
| Water (1.5 liter bottle) |
2.51 $ (320.53 kr) |
2.09 $ (266.90 kr) |
-16.7 % |
| Bottle of Wine (Mid-Range) |
16.00 $ (2,045.28 kr) |
23.47 $ (3,000.00 kr) |
+46.7 % |
| Domestic Beer (0.5 liter bottle) |
2.87 $ (366.39 kr) |
3.55 $ (454.12 kr) |
+23.9 % |
| Imported Beer (12 oz small bottle) |
4.71 $ (601.76 kr) |
3.10 $ (396.14 kr) |
-34.2 % |
| Cigarettes 20 Pack (Marlboro) |
11.00 $ (1,406.13 kr) |
13.30 $ (1,700.00 kr) |
+20.9 % |
Transportation | Washington, DC Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
2.50 $ (319.57 kr) |
5.08 $ (650.00 kr) |
+103.4 % |
| Monthly Pass (Regular Price) |
75.00 $ (9,587.25 kr) |
84.49 $ (10,800.00 kr) |
+12.6 % |
| Taxi Start (Normal Tariff) |
4.00 $ (511.32 kr) |
6.18 $ (790.00 kr) |
+54.5 % |
| Taxi 1 mile (Normal Tariff) |
4.00 $ (511.32 kr) |
3.95 $ (504.53 kr) |
-1.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
30.00 $ (3,834.90 kr) |
83.08 $ (10,620.00 kr) |
+176.9 % |
| Gasoline (1 gallon) |
3.48 $ (445.04 kr) |
9.23 $ (1,180.35 kr) |
+165.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
32,500.00 $ (4,154,475.00 kr) |
46,076.82 $ (5,890,000.00 kr) |
+41.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
25,882.60 $ (3,308,572.76 kr) |
50,848.78 $ (6,500,000.00 kr) |
+96.5 % |
Utilities (Monthly) | Washington, DC Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
210.68 $ (26,930.88 kr) |
83.50 $ (10,673.77 kr) |
-60.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
60.39 $ (7,719.38 kr) |
26.70 $ (3,412.61 kr) |
-55.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
66.25 $ (8,468.87 kr) |
77.48 $ (9,903.99 kr) |
+16.9 % |
Sports And Leisure | Washington, DC Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
115.29 $ (14,737.97 kr) |
79.32 $ (10,139.05 kr) |
-31.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
38.41 $ (4,910.27 kr) |
37.68 $ (4,816.67 kr) |
-1.9 % |
| Cinema, International Release, 1 Seat |
17.00 $ (2,173.11 kr) |
17.13 $ (2,190.00 kr) |
+0.8 % |
Childcare | Washington, DC Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,498.25 $ (319,351.30 kr) |
297.88 $ (38,078.11 kr) |
-88.1 % |
| International Primary School, Yearly for 1 Child |
40,166.67 $ (5,134,505.00 kr) |
29,291.21 $ (3,744,295.00 kr) |
-27.1 % |
Clothing And Shoes | Washington, DC Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
79.98 $ (10,224.35 kr) |
136.53 $ (17,452.67 kr) |
+70.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
50.97 $ (6,515.99 kr) |
59.22 $ (7,570.71 kr) |
+16.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
105.01 $ (13,423.43 kr) |
174.82 $ (22,346.76 kr) |
+66.5 % |
| 1 Pair of Men Leather Business Shoes |
137.65 $ (17,595.52 kr) |
243.10 $ (31,075.00 kr) |
+76.6 % |
Rent Per Month | Washington, DC Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
2,518.27 $ (321,910.36 kr) |
2,155.02 $ (275,476.19 kr) |
-14.4 % |
| Apartment (1 bedroom) Outside of Centre |
2,084.33 $ (266,440.33 kr) |
1,993.14 $ (254,782.61 kr) |
-4.4 % |
| Apartment (3 bedrooms) in City Centre |
5,784.38 $ (739,416.66 kr) |
3,094.28 $ (395,541.67 kr) |
-46.5 % |
| Apartment (3 bedrooms) Outside of Centre |
4,071.47 $ (520,456.09 kr) |
2,669.74 $ (341,272.73 kr) |
-34.4 % |
Buy Apartment Price | Washington, DC Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
700.01 $ (89,482.16 kr) |
684.63 $ (87,516.24 kr) |
-2.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
566.57 $ (72,424.04 kr) |
577.29 $ (73,795.28 kr) |
+1.9 % |
Salaries And Financing | Washington, DC Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
5,962.56 $ (762,194.57 kr) |
4,124.94 $ (527,290.81 kr) |
-30.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.48 | 9.53 | +47.0 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 142 | 117 |
Moving to Washington, DC? Explore:
Moving to Reykjavik? Explore:
Cities near Washington, DC: | Cost of Living in Arlington, Virginia | 4.38 miles |
| Cost of Living in Chevy Chase, Maryland | 7.01 miles |
| Cost of Living in Springfield, Virginia | 13.51 miles |
| Cost of Living in Rockville, Maryland | 17.91 miles |
| Cost of Living in Baltimore, Maryland | 38.92 miles |
| Cost of Living in Fredericksburg, Virginia | 52.45 miles |
| Cost of Living in Lexington Park, Maryland | 61.00 miles |
| Cost of Living in Richmond, Virginia | 106.83 miles |
| Cost of Living in Lancaster, Pennsylvania | 113.70 miles |
| Cost of Living in Harrisburg, Pennsylvania | 117.62 miles |
Cities near Reykjavik: | Cost of Living in Hafnarfjörður (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 |