Cost of living comparison

compared to

Reykjavik vs. Burns Cost Breakdown

If you lived in Reykjavik instead of Burns, you would:

pay (unknown) more for restaurants

 
Burns
Reykjavik
Basic meal with drink at inexpensive restaurant ?? $27.48
ISK3,420
Fast food combo meal
McDonalds, or similar
?? $22.76
ISK2,833
Bottle of Coca-Cola (11 fl. oz) ?? $3.34
ISK415

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pay (unknown) more for groceries

 
Burns
Reykjavik
Bread
1 loaf
?? $4.63
ISK577
Local cheese (8 oz) ?? $9.44
ISK1,175
Milk (1 gallon) ?? $7.63
ISK950

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pay (unknown) more for transportation

 
Burns
Reykjavik
Gasoline (1 gallon) ?? $9.66
ISK1,202
Monthly public transit pass ?? $88.58
ISK11,027
New Volkswagen Golf 1.4 (standard edition) ?? $50,771.00
ISK6M

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pay (unknown) more for housing

 
Burns
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
?? $81.97
ISK10,203
1-Bedroom apartment in downtown area ?? $2,259.48
ISK281K
1-Bedroom apartment outside city center ?? $2,034.90
ISK253K

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pay (unknown) more for childcare

 
Burns
Reykjavik
Private preschool for 1 child, monthly ?? $327.78
ISK40,801
Middle school for 1 child, two semesters ?? $30,711.08
ISK4M

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pay (unknown) more for entertainment and sports

 
Burns
Reykjavik
Domestic/local beer (1 pint) ?? $13.12
ISK1,634
Cappuccino in mid-range area ?? $6.17
ISK768
Pack of cigarettes
Marlboro or similar
?? $13.94
ISK1,735

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pay (unknown) more for clothing

 
Burns
Reykjavik
Regular jeans
Levi's brand
?? $145.10
ISK18,061
Regular dress
from H&M or similar store
?? $63.97
ISK7,963
Running shoes
Nike or Adidas
?? $193.43
ISK24,078

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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: March 2026
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See the cost of living in United States vs. Iceland. This provides a comparison of the average cost of living from cities within United States and Iceland.

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