Cost of living comparison
compared to
Reykjavik vs. Fargo Cost of Living Summary
Reykjavik is 68.3% more expensive than Fargo.
Reykjavik vs. Fargo Cost Breakdown
If you lived in Reykjavik instead of Fargo, you would:
pay 87.2% more for restaurants
|
Fargo
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.00
|
$31.06
ISK3,763
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.84
|
$26.97
ISK3,268
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.61
|
$3.31
ISK402
|
|
| Bottle of water (11 fl. oz) |
$2.00
|
$3.11
ISK376
|
|
Fargo vs. Reykjavik - Cost of restaurants
pay 4.3% less for groceries
|
Fargo
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.46
|
$4.19
ISK508
|
|
| Local cheese (8 oz) |
$7.34
|
$10.93
ISK1,324
|
|
| Milk (1 gallon) |
$4.72
|
$7.78
ISK942
|
|
|
Eggs
1 dozen
|
$4.00
|
$7.08
ISK858
|
|
| Boneless chicken breast (1 lb) |
$7.00
|
$11.00
ISK1,333
|
|
| Apples (1 lb) |
$4.75
|
$1.50
ISK182
|
|
| Bananas (1 lb) |
$1.06
|
$1.27
ISK154
|
|
| Oranges (1 lb) |
$2.96
|
$1.46
ISK177
|
|
| Tomatoes (1 lb) |
$2.50
|
$2.93
ISK355
|
|
| Potatoes (1 lb) |
$2.27
|
$1.78
ISK215
|
|
| Onions (1 lb) |
$1.75
|
$0.76
ISK92
|
|
Fargo vs. Reykjavik - Cost of groceries
pay 87.2% more for transportation
|
Fargo
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.77
|
$7.76
ISK941
|
|
| Monthly public transit pass |
$42.00
|
$94.80
ISK11,488
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,312.00
|
$50,588.43
ISK6M
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$29.26
ISK3,545
|
|
Fargo vs. Reykjavik - Cost of transportation
pay 2.2 times more for housing
|
Fargo
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$56.45
|
$86.01
ISK10,422
|
|
| 1-Bedroom apartment in downtown area |
$946.00
|
$2,522.88
ISK306K
|
|
| 1-Bedroom apartment outside city center |
$676.20
|
$2,032.25
ISK246K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$104.62
|
$73.44
ISK8,899
|
|
Fargo vs. Reykjavik - Cost of housing
pay 4.4% less for childcare
|
Fargo
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,240.00
|
$1,185.23
ISK144K
|
|
| Middle school for 1 child, two semesters | ?? |
$25,853.51
ISK3M
|
|
Fargo vs. Reykjavik - Cost of childcare
pay 66.0% more for entertainment and sports
|
Fargo
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.50
|
$13.89
ISK1,684
|
|
| Cappuccino in mid-range area |
$5.26
|
$6.74
ISK817
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.12
|
$13.89
ISK1,684
|
|
| Monthly membership at local gym |
$57.00
|
$100.25
ISK12,148
|
|
| Movie ticket to theater/cinema |
$13.75
|
$19.57
ISK2,372
|
|
Fargo vs. Reykjavik - Cost of entertainment and sports
pay 2.2 times more for clothing
|
Fargo
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.80
|
$149.01
ISK18,058
|
|
|
Regular dress
from H&M or similar store
|
$46.33
|
$65.79
ISK7,972
|
|
|
Running shoes
Nike or Adidas
|
$84.00
|
$181.84
ISK22,035
|
|
| Men's business shoes (leather) |
$101.67
|
$248.81
ISK30,151
|
|
Fargo vs. Reykjavik - Cost of clothing
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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Compare further: Fargo vs. Reykjavik
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cost of living in United States vs. Iceland.
This provides a comparison of the average cost of living from cities within United States and Iceland.
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