Cost of living comparison

compared to

Reykjavik vs. Ann Arbor Cost of Living Summary

Reykjavik is 55.9% more expensive than Ann Arbor.

Restaurants: pay 55.5% more in Reykjavik
Groceries: pay 51.2% more in Reykjavik
Transportation: pay 2.1 times more in Reykjavik
Housing: pay 11.5% more in Reykjavik
Childcare: pay 14.7% less in Reykjavik
Entertainment and Sports: pay 53.2% more in Reykjavik
Clothing: pay 2.3 times more in Reykjavik

The cost of clothing, transportation, restaurants, entertainment and sports, groceries, and housing in Reykjavik are more expensive than in Ann Arbor. Notably, clothing and transportation are significantly more expensive in Reykjavik.

Reykjavik vs. Ann Arbor Cost Breakdown

If you lived in Reykjavik instead of Ann Arbor, you would:

Display currency: USD

pay 55.5% more for restaurants

	Ann Arbor	Reykjavik
Basic meal with drink at inexpensive restaurant	$16.00	$27.48 ISK3,517	+71.7%
Fast food combo meal McDonalds, or similar	$12.00	$22.76 ISK2,913	+89.7%
Bottle of Coca-Cola (11 fl. oz)	$2.66	$3.34 ISK427	+25.5%
Bottle of water (11 fl. oz)	$2.00	$2.70 ISK345	+35.0%
Average			+55.5%

Ann Arbor vs. Reykjavik - Cost of restaurants

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pay 51.2% more for groceries

	Ann Arbor	Reykjavik
Bread 1 loaf	$3.30	$4.63 ISK593	+40.4%
Local cheese (8 oz)	$6.67	$9.44 ISK1,208	+41.4%
Milk (1 gallon)	$3.04	$7.63 ISK976	+150.8%
Eggs 1 dozen	$3.40	$6.50 ISK832	+91.1%
Boneless chicken breast (1 lb)	$4.35	$11.29 ISK1,445	+159.4%
Apples (1 lb)	$2.46	$1.59 ISK204	-35.3%
Bananas (1 lb)	$0.76	$1.17 ISK150	+54.7%
Oranges (1 lb)	$1.58	$1.49 ISK190	-5.6%
Tomatoes (1 lb)	$2.32	$2.54 ISK325	+9.2%
Potatoes (1 lb)	$0.97	$1.70 ISK217	+74.5%
Onions (1 lb)	$1.37	$1.13 ISK145	-17.6%
Average			+51.2%

Ann Arbor vs. Reykjavik - Cost of groceries

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pay 2.1 times more for transportation

	Ann Arbor	Reykjavik
Gasoline (1 gallon)	$3.37	$9.66 ISK1,236	+186.4%
Monthly public transit pass	$45.00	$88.58 ISK11,337	+96.9%
New Volkswagen Golf 1.4 (standard edition)	$31,965.00	$50,771.00 ISK6,497,672	+58.8%
Taxi trip in downtown area (5 miles)	$15.43	$28.07 ISK3,592	+81.9%
Average			+106.0%

Ann Arbor vs. Reykjavik - Cost of transportation

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pay 11.5% more for housing

	Ann Arbor	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$70.62	$81.97 ISK10,490	+16.1%
1-Bedroom apartment in downtown area	$1,829.17	$2,259.48 ISK289,169	+23.5%
1-Bedroom apartment outside city center	$1,344.44	$2,034.90 ISK260,427	+51.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$110.66	$60.87 ISK7,791	-45.0%
Average			+11.5%

Ann Arbor vs. Reykjavik - Cost of housing

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pay 14.7% less for childcare

	Ann Arbor	Reykjavik
Private preschool for 1 child, monthly	$1,933.33	$327.78 ISK41,949	-83.0%
Middle school for 1 child, two semesters	$20,000.00	$30,711.08 ISK3,930,404	+53.6%
Average			-14.7%

Ann Arbor vs. Reykjavik - Cost of childcare

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pay 53.2% more for entertainment and sports

	Ann Arbor	Reykjavik
Domestic/local beer (1 pint)	$6.50	$13.12 ISK1,680	+101.9%
Cappuccino in mid-range area	$4.84	$6.17 ISK790	+27.4%
Pack of cigarettes Marlboro or similar	$10.00	$13.94 ISK1,783	+39.4%
Monthly membership at local gym	$56.67	$87.35 ISK11,179	+54.2%
Movie ticket to theater/cinema	$12.00	$17.18 ISK2,199	+43.2%
Average			+53.2%

Ann Arbor vs. Reykjavik - Cost of entertainment and sports

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pay 2.3 times more for clothing

	Ann Arbor	Reykjavik
Regular jeans Levi's brand	$51.00	$145.10 ISK18,569	+184.5%
Regular dress from H&M or similar store	$37.00	$63.97 ISK8,187	+72.9%
Running shoes Nike or Adidas	$91.67	$193.43 ISK24,755	+111.0%
Men's business shoes (leather)	$101.00	$248.79 ISK31,840	+146.3%
Average			+128.7%

Ann Arbor vs. Reykjavik - Cost of clothing

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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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