Cost of living comparison

compared to

Reykjavik vs. Chapel Hill Cost of Living Summary

Reykjavik is 53.1% more expensive than Chapel Hill.

Restaurants: pay 74.5% more in Reykjavik
Groceries: pay 11.6% more in Reykjavik
Transportation: pay 2.3 times more in Reykjavik
Housing: pay 19.1% more in Reykjavik
Childcare: pay 75.1% less in Reykjavik
Entertainment and Sports: pay 62.2% more in Reykjavik
Clothing: pay 2.5 times more in Reykjavik

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

Reykjavik vs. Chapel Hill Cost Breakdown

If you lived in Reykjavik instead of Chapel Hill, you would:

Display currency: USD

pay 74.5% more for restaurants

	Chapel Hill	Reykjavik
Basic meal with drink at inexpensive restaurant	$15.00	$27.48 ISK3,517	+83.2%
Fast food combo meal McDonalds, or similar	$10.00	$22.76 ISK2,913	+127.6%
Bottle of Coca-Cola (11 fl. oz)	$2.17	$3.34 ISK427	+53.9%
Bottle of water (11 fl. oz)	$2.02	$2.70 ISK345	+33.2%
Average			+74.5%

Chapel Hill vs. Reykjavik - Cost of restaurants

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pay 11.6% more for groceries

	Chapel Hill	Reykjavik
Bread 1 loaf	$4.04	$4.63 ISK593	+14.7%
Local cheese (8 oz)	$9.37	$9.44 ISK1,208	+0.7%
Milk (1 gallon)	$4.35	$7.63 ISK976	+75.5%
Eggs 1 dozen	$4.67	$6.50 ISK832	+39.3%
Boneless chicken breast (1 lb)	$6.89	$11.29 ISK1,445	+64.0%
Apples (1 lb)	$4.00	$1.59 ISK204	-60.2%
Bananas (1 lb)	$0.57	$1.17 ISK150	+105.2%
Oranges (1 lb)	$2.53	$1.49 ISK190	-41.1%
Tomatoes (1 lb)	$2.50	$2.54 ISK325	+1.4%
Potatoes (1 lb)	$2.83	$1.70 ISK217	-40.0%
Onions (1 lb)	$1.65	$1.13 ISK145	-31.5%
Average			+11.6%

Chapel Hill vs. Reykjavik - Cost of groceries

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pay 2.3 times more for transportation

	Chapel Hill	Reykjavik
Gasoline (1 gallon)	$3.01	$9.66 ISK1,236	+220.7%
Monthly public transit pass	??	$88.58 ISK11,337
New Volkswagen Golf 1.4 (standard edition)	$35,000.00	$50,771.00 ISK6,497,672	+45.1%
Taxi trip in downtown area (5 miles)	??	$28.07 ISK3,592
Average			+132.9%

Chapel Hill vs. Reykjavik - Cost of transportation

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pay 19.1% more for housing

	Chapel Hill	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$69.00	$81.97 ISK10,490	+18.8%
1-Bedroom apartment in downtown area	$1,320.00	$2,259.48 ISK289,169	+71.2%
1-Bedroom apartment outside city center	$1,475.00	$2,034.90 ISK260,427	+38.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$126.18	$60.87 ISK7,791	-51.8%
Average			+19.1%

Chapel Hill vs. Reykjavik - Cost of housing

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pay 75.1% less for childcare

	Chapel Hill	Reykjavik
Private preschool for 1 child, monthly	$1,318.67	$327.78 ISK41,949	-75.1%
Middle school for 1 child, two semesters	??	$30,711.08 ISK3,930,404
Average			-75.1%

Chapel Hill vs. Reykjavik - Cost of childcare

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pay 62.2% more for entertainment and sports

	Chapel Hill	Reykjavik
Domestic/local beer (1 pint)	$6.00	$13.12 ISK1,680	+118.7%
Cappuccino in mid-range area	$4.46	$6.17 ISK790	+38.5%
Pack of cigarettes Marlboro or similar	$8.99	$13.94 ISK1,783	+55.0%
Monthly membership at local gym	$61.33	$87.35 ISK11,179	+42.4%
Movie ticket to theater/cinema	$11.00	$17.18 ISK2,199	+56.2%
Average			+62.2%

Chapel Hill vs. Reykjavik - Cost of entertainment and sports

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pay 2.5 times more for clothing

	Chapel Hill	Reykjavik
Regular jeans Levi's brand	$52.67	$145.10 ISK18,569	+175.5%
Regular dress from H&M or similar store	$30.00	$63.97 ISK8,187	+113.2%
Running shoes Nike or Adidas	$98.33	$193.43 ISK24,755	+96.7%
Men's business shoes (leather)	$82.50	$248.79 ISK31,840	+201.6%
Average			+146.8%

Chapel Hill 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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