Cost of living comparison
compared to
Reykjavik vs. Albany Cost of Living Summary
Reykjavik is 46.8% more expensive than Albany.
- Restaurants
-
pay 32.6% more in Reykjavik
- Groceries
-
pay 22.6% more in Reykjavik
- Transportation
-
pay 82.3% more in Reykjavik
- Housing
-
pay 14.2% more in Reykjavik
- Childcare
-
pay 0.4% less in Reykjavik
- Entertainment and Sports
-
pay 56.1% more in Reykjavik
- Clothing
-
pay 2.2 times more in Reykjavik
The cost of clothing, transportation, entertainment and sports, restaurants, groceries, and housing in Reykjavik are more expensive than in Albany. Notably, clothing and transportation are significantly more expensive in Reykjavik.
Reykjavik vs. Albany Cost Breakdown
If you lived in Reykjavik instead of Albany, you would:
pay 32.6% more for restaurants
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$24.00
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.25
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.71
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$2.02
|
$2.70
ISK345
|
|
Albany vs. Reykjavik - Cost of restaurants
pay 22.6% more for groceries
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.93
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$7.62
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$3.94
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$5.68
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$6.74
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$2.27
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$0.65
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$2.63
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$2.17
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$1.22
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$1.64
|
$1.13
ISK145
|
|
Albany vs. Reykjavik - Cost of groceries
pay 82.3% more for transportation
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.44
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$65.00
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,787.68
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$16.15
|
$28.07
ISK3,592
|
|
Albany vs. Reykjavik - Cost of transportation
pay 14.2% more for housing
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$80.55
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$1,426.00
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$1,280.00
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$161.67
|
$60.87
ISK7,791
|
|
Albany vs. Reykjavik - Cost of housing
pay 0.4% less for childcare
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,766.67
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$17,000.00
|
$30,711.08
ISK3,930,404
|
|
Albany vs. Reykjavik - Cost of childcare
pay 56.1% more for entertainment and sports
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.50
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$5.80
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.75
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$38.60
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$15.00
|
$17.18
ISK2,199
|
|
Albany vs. Reykjavik - Cost of entertainment and sports
pay 2.2 times more for clothing
|
Albany
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$54.80
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$39.77
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$86.67
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$107.83
|
$248.79
ISK31,840
|
|
Albany vs. Reykjavik - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
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