Cost of living comparison

United States

compared to

Iceland

Reykjavik vs. College Park Cost of Living Summary

Reykjavik is 29.0% more expensive than College Park.

Restaurants: pay 2.1 times more in Reykjavik
Groceries: pay 39.2% more in Reykjavik
Transportation: pay 72.2% more in Reykjavik
Housing: pay 9.6% less in Reykjavik
Childcare: pay 40.7% less in Reykjavik
Entertainment and Sports: pay 77.0% more in Reykjavik
Clothing: pay 2.1 times more in Reykjavik

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

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Reykjavik vs. College Park Cost Breakdown

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

Display currency: USD

pay 2.1 times more for restaurants

	College Park	Reykjavik
Basic meal with drink at inexpensive restaurant	$16.00	$31.06 ISK3,763	+94.1%
Fast food combo meal McDonalds, or similar	$10.00	$26.97 ISK3,268	+169.7%
Bottle of Coca-Cola (11 fl. oz)	$2.70	$3.31 ISK402	+22.9%
Bottle of water (11 fl. oz)	$1.75	$3.11 ISK376	+77.5%
Average			+106.2%

College Park vs. Reykjavik - Cost of restaurants

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pay 39.2% more for groceries

	College Park	Reykjavik
Bread 1 loaf	$2.56	$4.19 ISK508	+63.7%
Local cheese (8 oz)	$3.14	$10.93 ISK1,324	+247.9%
Milk (1 gallon)	$3.35	$7.78 ISK942	+132.1%
Eggs 1 dozen	$2.03	$7.08 ISK858	+249.3%
Boneless chicken breast (1 lb)	$3.00	$11.00 ISK1,333	+266.8%
Apples (1 lb)	$2.99	$1.50 ISK182	-49.6%
Bananas (1 lb)	$0.58	$1.27 ISK154	+118.6%
Oranges (1 lb)	$3.33	$1.46 ISK177	-56.2%
Tomatoes (1 lb)	$2.50	$2.93 ISK355	+17.3%
Potatoes (1 lb)	$2.25	$1.78 ISK215	-21.1%
Onions (1 lb)	$1.50	$0.76 ISK92	-49.6%
Average			+39.2%

College Park vs. Reykjavik - Cost of groceries

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pay 72.2% more for transportation

	College Park	Reykjavik
Gasoline (1 gallon)	$3.59	$7.76 ISK941	+116.5%
Monthly public transit pass	??	$94.80 ISK11,488
New Volkswagen Golf 1.4 (standard edition)	$36,227.00	$50,588.43 ISK6M	+39.6%
Taxi trip in downtown area (5 miles)	$20.16	$29.26 ISK3,545	+45.2%
Average			+72.2%

College Park vs. Reykjavik - Cost of transportation

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pay 9.6% less for housing

	College Park	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$68.33	$86.01 ISK10,422	+25.9%
1-Bedroom apartment in downtown area	$2,283.33	$2,522.88 ISK306K	+10.5%
1-Bedroom apartment outside city center	$2,100.00	$2,032.25 ISK246K	-3.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$185.44	$73.44 ISK8,899	-60.4%
Average			-9.6%

College Park vs. Reykjavik - Cost of housing

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pay 40.7% less for childcare

	College Park	Reykjavik
Private preschool for 1 child, monthly	$2,000.00	$1,185.23 ISK144K	-40.7%
Middle school for 1 child, two semesters	??	$25,853.51 ISK3M
Average			-40.7%

College Park vs. Reykjavik - Cost of childcare

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pay 77.0% more for entertainment and sports

	College Park	Reykjavik
Domestic/local beer (1 pint)	$6.50	$13.89 ISK1,684	+113.7%
Cappuccino in mid-range area	$4.50	$6.74 ISK817	+49.8%
Pack of cigarettes Marlboro or similar	$9.11	$13.89 ISK1,684	+52.5%
Monthly membership at local gym	$40.00	$100.25 ISK12,148	+150.6%
Movie ticket to theater/cinema	$15.00	$19.57 ISK2,372	+30.5%
Average			+77.0%

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	$47.50	$149.01 ISK18,058	+213.7%
Regular dress from H&M or similar store	$32.50	$65.79 ISK7,972	+102.4%
Running shoes Nike or Adidas	$118.33	$181.84 ISK22,035	+53.7%
Men's business shoes (leather)	$134.75	$248.81 ISK30,151	+84.6%
Average			+106.0%

College Park vs. Reykjavik - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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