Cost of living comparison

compared to

Reykjavik vs. College Park Cost of Living Summary

Reykjavik is 44.8% more expensive than College Park.

Restaurants: pay 42.1% more in Reykjavik
Groceries: pay 5.2% more in Reykjavik
Transportation: pay 2.2 times more in Reykjavik
Housing: pay 6.1% more in Reykjavik
Childcare: pay 27.0% less in Reykjavik
Entertainment and Sports: pay 65.5% more in Reykjavik
Clothing: pay 2.1 times more in Reykjavik

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

Reykjavik vs. College Park Cost Breakdown

If you lived in Reykjavik instead of College Park, you would:

Display currency: USD

pay 42.1% more for restaurants

	College Park	Reykjavik
Basic meal with drink at inexpensive restaurant	$18.00	$27.48 ISK3,473	+52.7%
Fast food combo meal McDonalds, or similar	$13.00	$22.76 ISK2,877	+75.1%
Bottle of Coca-Cola (11 fl. oz)	$2.60	$3.34 ISK422	+28.3%
Bottle of water (11 fl. oz)	$2.40	$2.70 ISK341	+12.4%
Average			+42.1%

College Park vs. Reykjavik - Cost of restaurants

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pay 5.2% more for groceries

	College Park	Reykjavik
Bread 1 loaf	$3.56	$4.63 ISK586	+30.2%
Local cheese (8 oz)	$9.55	$9.44 ISK1,193	-1.2%
Milk (1 gallon)	$3.58	$7.63 ISK964	+113.1%
Eggs 1 dozen	$5.46	$6.50 ISK822	+19.0%
Boneless chicken breast (1 lb)	$6.49	$11.29 ISK1,427	+74.1%
Apples (1 lb)	$2.82	$1.59 ISK201	-43.6%
Bananas (1 lb)	$0.93	$1.17 ISK148	+26.0%
Oranges (1 lb)	$3.67	$1.49 ISK188	-59.4%
Tomatoes (1 lb)	$3.67	$2.54 ISK321	-30.8%
Potatoes (1 lb)	$2.50	$1.70 ISK214	-32.1%
Onions (1 lb)	$1.83	$1.13 ISK143	-38.3%
Average			+5.2%

College Park vs. Reykjavik - Cost of groceries

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pay 2.2 times more for transportation

	College Park	Reykjavik
Gasoline (1 gallon)	$3.16	$9.66 ISK1,221	+205.8%
Monthly public transit pass	??	$88.58 ISK11,197
New Volkswagen Golf 1.4 (standard edition)	$34,231.99	$50,771.00 ISK6,417,454	+48.3%
Taxi trip in downtown area (5 miles)	$14.58	$28.07 ISK3,548	+92.5%
Average			+115.5%

College Park vs. Reykjavik - Cost of transportation

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pay 6.1% more for housing

	College Park	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$67.00	$81.97 ISK10,361	+22.3%
1-Bedroom apartment in downtown area	$1,636.33	$2,259.48 ISK285,599	+38.1%
1-Bedroom apartment outside city center	$1,600.00	$2,034.90 ISK257,212	+27.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$166.32	$60.87 ISK7,694	-63.4%
Average			+6.1%

College Park vs. Reykjavik - Cost of housing

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pay 27.0% less for childcare

	College Park	Reykjavik
Private preschool for 1 child, monthly	$1,833.33	$327.78 ISK41,431	-82.1%
Middle school for 1 child, two semesters	$24,000.00	$30,711.08 ISK3,881,881	+28.0%
Average			-27.0%

College Park vs. Reykjavik - Cost of childcare

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pay 65.5% more for entertainment and sports

	College Park	Reykjavik
Domestic/local beer (1 pint)	$5.50	$13.12 ISK1,659	+138.6%
Cappuccino in mid-range area	$5.29	$6.17 ISK780	+16.7%
Pack of cigarettes Marlboro or similar	$10.00	$13.94 ISK1,761	+39.4%
Monthly membership at local gym	$40.00	$87.35 ISK11,041	+118.4%
Movie ticket to theater/cinema	$15.00	$17.18 ISK2,172	+14.6%
Average			+65.5%

College Park vs. Reykjavik - Cost of entertainment and sports

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pay 2.1 times more for clothing

	College Park	Reykjavik
Regular jeans Levi's brand	$53.75	$145.10 ISK18,340	+170.0%
Regular dress from H&M or similar store	$48.33	$63.97 ISK8,086	+32.3%
Running shoes Nike or Adidas	$83.75	$193.43 ISK24,449	+131.0%
Men's business shoes (leather)	$130.00	$248.79 ISK31,447	+91.4%
Average			+106.2%

College Park 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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