Cost of living comparison

compared to

Reykjavik vs. Freeport Cost of Living Summary

Reykjavik is 65.6% more expensive than Freeport.

Restaurants: pay 56.5% more in Reykjavik
Groceries: pay 8.9% less in Reykjavik
Transportation: pay 59.7% more in Reykjavik
Housing: pay 8.5% more in Reykjavik
Childcare: pay 2.1 times more in Reykjavik
Entertainment and Sports: pay 60.6% more in Reykjavik
Clothing: pay 2.7 times more in Reykjavik

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

Reykjavik vs. Freeport Cost Breakdown

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

Display currency: USD

pay 56.5% more for restaurants

	Freeport	Reykjavik
Basic meal with drink at inexpensive restaurant	$22.50 BSD22.50	$27.48 ISK3,338	+22.1%
Fast food combo meal McDonalds, or similar	$12.00 BSD12.00	$22.76 ISK2,765	+89.7%
Bottle of Coca-Cola (11 fl. oz)	$2.25 BSD2.25	$3.34 ISK405	+48.2%
Bottle of water (11 fl. oz)	$1.62 BSD1.62	$2.70 ISK328	+66.0%
Average			+56.5%

Freeport vs. Reykjavik - Cost of restaurants

Improve prices · Change currency (USD)

pay 8.9% less for groceries

	Freeport	Reykjavik
Bread 1 loaf	$3.65 BSD3.65	$4.63 ISK563	+26.9%
Local cheese (8 oz)	$6.34 BSD6.34	$9.44 ISK1,146	+48.9%
Milk (1 gallon)	$8.25 BSD8.25	$7.63 ISK927	-7.5%
Eggs 1 dozen	$7.98 BSD7.98	$6.50 ISK790	-18.5%
Boneless chicken breast (1 lb)	??	$11.29 ISK1,372
Apples (1 lb)	??	$1.59 ISK193
Bananas (1 lb)	$1.50 BSD1.50	$1.17 ISK142	-22.0%
Oranges (1 lb)	$6.00 BSD6.00	$1.49 ISK181	-75.2%
Tomatoes (1 lb)	$4.00 BSD4.00	$2.54 ISK308	-36.5%
Potatoes (1 lb)	??	$1.70 ISK206
Onions (1 lb)	$1.00 BSD1.00	$1.13 ISK137	+13.0%
Average			-8.9%

Freeport vs. Reykjavik - Cost of groceries

Improve prices · Change currency (USD)

pay 59.7% more for transportation

	Freeport	Reykjavik
Gasoline (1 gallon)	$6.05 BSD6.05	$9.66 ISK1,173	+59.7%
Monthly public transit pass	??	$88.58 ISK10,760
New Volkswagen Golf 1.4 (standard edition)	??	$50,771.00 ISK6M
Taxi trip in downtown area (5 miles)	??	$28.07 ISK3,409
Average			+59.7%

Freeport vs. Reykjavik - Cost of transportation

Improve prices · Change currency (USD)

pay 8.5% more for housing

	Freeport	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$67.67 BSD67.67	$81.97 ISK9,957	+21.1%
1-Bedroom apartment in downtown area	$1,516.67 BSD1,516.67	$2,259.48 ISK274K	+49.0%
1-Bedroom apartment outside city center	$1,583.33 BSD1,583.33	$2,034.90 ISK247K	+28.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$172.06 BSD172.06	$60.87 ISK7,394	-64.6%
Average			+8.5%

Freeport vs. Reykjavik - Cost of housing

Improve prices · Change currency (USD)

pay 2.1 times more for childcare

	Freeport	Reykjavik
Private preschool for 1 child, monthly	$496.67 BSD496.67	$327.78 ISK39,815	-34.0%
Middle school for 1 child, two semesters	$8,500.00 BSD8,500.00	$30,711.08 ISK4M	+261.3%
Average			+113.7%

Freeport vs. Reykjavik - Cost of childcare

Improve prices · Change currency (USD)

pay 60.6% more for entertainment and sports

	Freeport	Reykjavik
Domestic/local beer (1 pint)	$4.50 BSD4.50	$13.12 ISK1,594	+191.6%
Cappuccino in mid-range area	$5.50 BSD5.50	$6.17 ISK750	+12.2%
Pack of cigarettes Marlboro or similar	$15.00 BSD15.00	$13.94 ISK1,693	-7.1%
Monthly membership at local gym	$60.00 BSD60.00	$87.35 ISK10,611	+45.6%
Movie ticket to theater/cinema	??	$17.18 ISK2,087
Average			+60.6%

Freeport vs. Reykjavik - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 2.7 times more for clothing

	Freeport	Reykjavik
Regular jeans Levi's brand	$47.50 BSD47.50	$145.10 ISK17,625	+205.5%
Regular dress from H&M or similar store	$25.00 BSD25.00	$63.97 ISK7,770	+155.9%
Running shoes Nike or Adidas	$95.00 BSD95.00	$193.43 ISK23,496	+103.6%
Men's business shoes (leather)	$80.00 BSD80.00	$248.79 ISK30,221	+211.0%
Average			+169.0%

Freeport vs. Reykjavik - Cost of clothing

Improve prices · Change currency (USD)

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: March 2026

More cost comparisons

Freeport vs.

Prague

Freeport vs.

Bangkok

Freeport vs.

Kiev

Freeport vs.

Cairo

Freeport vs.

London

Freeport vs.

Dodoma

Freeport vs.

Canberra

Freeport vs.

Dublin

Share this

Compare countries by overall cost of living

See the cost of living in Bahamas vs. Iceland. This provides a comparison of the average cost of living from cities within Bahamas and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Freeport

Add prices for Reykjavik

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Reykjavik or Freeport. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.