Cost of living comparison

compared to

Reykjavik vs. Fairfax Cost of Living Summary

Reykjavik is 33.4% more expensive than Fairfax.

Restaurants: pay 39.6% more in Reykjavik
Groceries: pay 17.8% more in Reykjavik
Transportation: pay 89.1% more in Reykjavik
Housing: pay 4.1% less in Reykjavik
Childcare: pay 41.1% less in Reykjavik
Entertainment and Sports: pay 36.9% more in Reykjavik
Clothing: pay 95.9% more in Reykjavik

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

Reykjavik vs. Fairfax Cost Breakdown

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

Display currency: USD

pay 39.6% more for restaurants

	Fairfax	Reykjavik
Basic meal with drink at inexpensive restaurant	$21.50	$27.48 ISK3,473	+27.8%
Fast food combo meal McDonalds, or similar	$12.00	$22.76 ISK2,877	+89.7%
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			+39.6%

Fairfax vs. Reykjavik - Cost of restaurants

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pay 17.8% more for groceries

	Fairfax	Reykjavik
Bread 1 loaf	$4.00	$4.63 ISK586	+15.8%
Local cheese (8 oz)	$8.04	$9.44 ISK1,193	+17.4%
Milk (1 gallon)	$3.58	$7.63 ISK964	+113.1%
Eggs 1 dozen	$4.55	$6.50 ISK822	+43.0%
Boneless chicken breast (1 lb)	$6.49	$11.29 ISK1,427	+74.1%
Apples (1 lb)	$2.75	$1.59 ISK201	-42.1%
Bananas (1 lb)	$0.92	$1.17 ISK148	+27.0%
Oranges (1 lb)	$2.20	$1.49 ISK188	-32.3%
Tomatoes (1 lb)	$3.00	$2.54 ISK321	-15.3%
Potatoes (1 lb)	$1.35	$1.70 ISK214	+26.1%
Onions (1 lb)	$1.64	$1.13 ISK143	-30.9%
Average			+17.8%

Fairfax vs. Reykjavik - Cost of groceries

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pay 89.1% more for transportation

	Fairfax	Reykjavik
Gasoline (1 gallon)	$3.17	$9.66 ISK1,221	+205.1%
Monthly public transit pass	$69.57	$88.58 ISK11,197	+27.3%
New Volkswagen Golf 1.4 (standard edition)	$35,699.74	$50,771.00 ISK6,417,454	+42.2%
Taxi trip in downtown area (5 miles)	$15.43	$28.07 ISK3,548	+81.9%
Average			+89.1%

Fairfax vs. Reykjavik - Cost of transportation

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pay 4.1% less for housing

	Fairfax	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$69.41	$81.97 ISK10,361	+18.1%
1-Bedroom apartment in downtown area	$2,125.00	$2,259.48 ISK285,599	+6.3%
1-Bedroom apartment outside city center	$1,770.00	$2,034.90 ISK257,212	+15.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$138.22	$60.87 ISK7,694	-56.0%
Average			-4.1%

Fairfax vs. Reykjavik - Cost of housing

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pay 41.1% less for childcare

	Fairfax	Reykjavik
Private preschool for 1 child, monthly	$1,833.33	$327.78 ISK41,431	-82.1%
Middle school for 1 child, two semesters	$30,776.00	$30,711.08 ISK3,881,881	-0.2%
Average			-41.1%

Fairfax vs. Reykjavik - Cost of childcare

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pay 36.9% more for entertainment and sports

	Fairfax	Reykjavik
Domestic/local beer (1 pint)	$6.00	$13.12 ISK1,659	+118.7%
Cappuccino in mid-range area	$5.60	$6.17 ISK780	+10.2%
Pack of cigarettes Marlboro or similar	$10.00	$13.94 ISK1,761	+39.4%
Monthly membership at local gym	$76.80	$87.35 ISK11,041	+13.7%
Movie ticket to theater/cinema	$16.75	$17.18 ISK2,172	+2.6%
Average			+36.9%

Fairfax vs. Reykjavik - Cost of entertainment and sports

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pay 95.9% more for clothing

	Fairfax	Reykjavik
Regular jeans Levi's brand	$63.33	$145.10 ISK18,340	+129.1%
Regular dress from H&M or similar store	$48.40	$63.97 ISK8,086	+32.2%
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			+95.9%

Fairfax 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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