Cost of living comparison

compared to

Reykjavik vs. Fairfield Cost of Living Summary

Reykjavik is 28.6% more expensive than Fairfield.

Restaurants
pay 38.0% more in Reykjavik
Groceries
pay 9.7% more in Reykjavik
Transportation
pay 51.5% more in Reykjavik
Housing
pay 19.2% less in Reykjavik
Childcare
pay 14.4% less in Reykjavik
Entertainment and Sports
pay 18.3% more in Reykjavik
Clothing
pay 2.2 times more in Reykjavik

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

Reykjavik vs. Fairfield Cost Breakdown

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

pay 38.0% more for restaurants

 
Fairfield
Reykjavik
Basic meal with drink at inexpensive restaurant $22.00
 
$27.48
ISK3,517
Fast food combo meal
McDonalds, or similar
$12.00
 
$22.76
ISK2,913
Bottle of Coca-Cola (11 fl. oz) $3.25
 
$3.34
ISK427

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pay 9.7% more for groceries

 
Fairfield
Reykjavik
Bread
1 loaf
$4.04
 
$4.63
ISK593
Local cheese (8 oz) $6.79
 
$9.44
ISK1,208
Milk (1 gallon) $4.65
 
$7.63
ISK976

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pay 51.5% more for transportation

 
Fairfield
Reykjavik
Gasoline (1 gallon) $4.71
 
$9.66
ISK1,236
Monthly public transit pass $87.00
 
$88.58
ISK11,337
New Volkswagen Golf 1.4 (standard edition) $35,000.00
 
$50,771.00
ISK6,497,672

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pay 19.2% less for housing

 
Fairfield
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$72.18
 
$81.97
ISK10,490
1-Bedroom apartment in downtown area $2,502.67
 
$2,259.48
ISK289,169
1-Bedroom apartment outside city center $2,416.67
 
$2,034.90
ISK260,427

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pay 14.4% less for childcare

 
Fairfield
Reykjavik
Private preschool for 1 child, monthly $1,866.67
 
$327.78
ISK41,949
Middle school for 1 child, two semesters $20,000.00
 
$30,711.08
ISK3,930,404

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pay 18.3% more for entertainment and sports

 
Fairfield
Reykjavik
Domestic/local beer (1 pint) $8.00
 
$13.12
ISK1,680
Cappuccino in mid-range area $5.22
 
$6.17
ISK790
Pack of cigarettes
Marlboro or similar
$12.00
 
$13.94
ISK1,783

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pay 2.2 times more for clothing

 
Fairfield
Reykjavik
Regular jeans
Levi's brand
$56.88
 
$145.10
ISK18,569
Regular dress
from H&M or similar store
$40.75
 
$63.97
ISK8,187
Running shoes
Nike or Adidas
$85.00
 
$193.43
ISK24,755

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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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