Cost of living comparison

New Zealand

compared to

Iceland

Reykjavik vs. Hamilton Cost of Living Summary

Reykjavik is 99.8% more expensive than Hamilton.

Restaurants: pay 2.5 times more in Reykjavik
Groceries: pay 69.4% more in Reykjavik
Transportation: pay 69.8% more in Reykjavik
Housing: pay 2.3 times more in Reykjavik
Childcare: pay 43.2% more in Reykjavik
Entertainment and Sports: pay 96.4% more in Reykjavik
Clothing: pay 2.1 times more in Reykjavik

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

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Reykjavik vs. Hamilton Cost Breakdown

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

Display currency: USD

pay 2.5 times more for restaurants

	Hamilton	Reykjavik
Basic meal with drink at inexpensive restaurant	$12.04 NZ$21.15	$31.06 ISK3,782	+157.8%
Fast food combo meal McDonalds, or similar	$8.40 NZ$14.75	$26.97 ISK3,284	+220.9%
Bottle of Coca-Cola (11 fl. oz)	$2.25 NZ$3.95	$3.31 ISK404	+47.4%
Bottle of water (11 fl. oz)	$2.43 NZ$4.27	$3.11 ISK378	+27.7%
Average			+145.4%

Hamilton vs. Reykjavik - Cost of restaurants

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pay 69.4% more for groceries

	Hamilton	Reykjavik
Bread 1 loaf	$1.26 NZ$2.21	$4.19 ISK511	+233.1%
Local cheese (8 oz)	$2.80 NZ$4.91	$10.93 ISK1,331	+290.9%
Milk (1 gallon)	$5.47 NZ$9.61	$7.78 ISK947	+42.1%
Eggs 1 dozen	$5.34 NZ$9.37	$7.08 ISK862	+32.6%
Boneless chicken breast (1 lb)	$3.30 NZ$5.80	$11.00 ISK1,340	+233.1%
Apples (1 lb)	$1.18 NZ$2.07	$1.50 ISK183	+27.4%
Bananas (1 lb)	$1.01 NZ$1.78	$1.27 ISK154	+25.2%
Oranges (1 lb)	$1.43 NZ$2.51	$1.46 ISK178	+2.1%
Tomatoes (1 lb)	$2.79 NZ$4.91	$2.93 ISK357	+5.0%
Potatoes (1 lb)	$0.91 NZ$1.59	$1.78 ISK216	+95.4%
Onions (1 lb)	$0.63 NZ$1.10	$0.76 ISK92	+20.4%
Average			+69.4%

Hamilton vs. Reykjavik - Cost of groceries

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pay 69.8% more for transportation

	Hamilton	Reykjavik
Gasoline (1 gallon)	$6.36 NZ$11.16	$7.76 ISK946	+22.1%
Monthly public transit pass	$40.31 NZ$70.78	$94.80 ISK11,545	+135.2%
New Volkswagen Golf 1.4 (standard edition)	$26,604.12 NZ$46,710.77	$50,588.43 ISK6M	+90.2%
Taxi trip in downtown area (5 miles)	??	$29.26 ISK3,563
Average			+69.8%

Hamilton vs. Reykjavik - Cost of transportation

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pay 2.3 times more for housing

	Hamilton	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$53.92 NZ$94.67	$86.01 ISK10,474	+59.5%
1-Bedroom apartment in downtown area	$1,071.48 NZ$1,881.28	$2,522.88 ISK307K	+135.5%
1-Bedroom apartment outside city center	$756.28 NZ$1,327.85	$2,032.25 ISK247K	+168.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$43.70 NZ$76.72	$73.44 ISK8,943	+68.1%
Average			+131.4%

Hamilton vs. Reykjavik - Cost of housing

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pay 43.2% more for childcare

	Hamilton	Reykjavik
Private preschool for 1 child, monthly	$667.20 NZ$1,171.46	$1,185.23 ISK144K	+77.6%
Middle school for 1 child, two semesters	$22,408.19 NZ$39,343.66	$25,853.51 ISK3M	+15.4%
Average			+43.2%

Hamilton vs. Reykjavik - Cost of childcare

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pay 96.4% more for entertainment and sports

	Hamilton	Reykjavik
Domestic/local beer (1 pint)	$6.16 NZ$10.82	$13.89 ISK1,692	+125.5%
Cappuccino in mid-range area	$3.36 NZ$5.90	$6.74 ISK821	+100.6%
Pack of cigarettes Marlboro or similar	$25.46 NZ$44.70	$13.89 ISK1,692	-45.4%
Monthly membership at local gym	$25.21 NZ$44.26	$100.25 ISK12,209	+297.7%
Movie ticket to theater/cinema	$13.73 NZ$24.10	$19.57 ISK2,384	+42.6%
Average			+96.4%

Hamilton vs. Reykjavik - Cost of entertainment and sports

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pay 2.1 times more for clothing

	Hamilton	Reykjavik
Regular jeans Levi's brand	$61.62 NZ$108.20	$149.01 ISK18,147	+141.8%
Regular dress from H&M or similar store	$37.81 NZ$66.39	$65.79 ISK8,012	+74.0%
Running shoes Nike or Adidas	$93.83 NZ$164.75	$181.84 ISK22,145	+93.8%
Men's business shoes (leather)	$104.57 NZ$183.60	$248.81 ISK30,300	+137.9%
Average			+109.9%

Hamilton 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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