Cost of living comparison

compared to

Reykjavik vs. Hempstead Cost of Living Summary

Reykjavik is 4.7% more expensive than Hempstead.

Restaurants
pay 65.6% more in Reykjavik
Groceries
pay 57.9% more in Reykjavik
Transportation
pay 43.6% more in Reykjavik
Housing
pay 41.7% less in Reykjavik
Childcare
pay 42.8% less in Reykjavik
Entertainment and Sports
pay 29.5% more in Reykjavik
Clothing
pay 91.3% more in Reykjavik

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

Reykjavik vs. Hempstead Cost Breakdown

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

pay 65.6% more for restaurants

 
Hempstead
Reykjavik
Basic meal with drink at inexpensive restaurant $20.00
 
$31.06
ISK3,813
Fast food combo meal
McDonalds, or similar
$12.65
 
$26.97
ISK3,312
Bottle of Coca-Cola (11 fl. oz) $3.05
 
$3.31
ISK407

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pay 57.9% more for groceries

 
Hempstead
Reykjavik
Bread
1 loaf
$1.64
 
$4.19
ISK515
Local cheese (8 oz) $4.83
 
$10.93
ISK1,342
Milk (1 gallon) $4.69
 
$7.78
ISK955

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pay 43.6% more for transportation

 
Hempstead
Reykjavik
Gasoline (1 gallon) $4.25
 
$7.76
ISK953
Monthly public transit pass $131.00
 
$94.80
ISK11,641
New Volkswagen Golf 1.4 (standard edition) $36,446.00
 
$50,588.43
ISK6M

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pay 41.7% less for housing

 
Hempstead
Reykjavik
Internet connection
50 mbps or faster, cable/dsl
$64.91
 
$86.01
ISK10,561
1-Bedroom apartment in downtown area ?? $2,522.88
ISK310K
1-Bedroom apartment outside city center ?? $2,032.25
ISK250K

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pay 42.8% less for childcare

 
Hempstead
Reykjavik
Private preschool for 1 child, monthly $2,225.27
 
$1,185.23
ISK146K
Middle school for 1 child, two semesters $42,123.57
 
$25,853.51
ISK3M

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pay 29.5% more for entertainment and sports

 
Hempstead
Reykjavik
Domestic/local beer (1 pint) $6.00
 
$13.89
ISK1,706
Cappuccino in mid-range area $5.28
 
$6.74
ISK828
Pack of cigarettes
Marlboro or similar
$13.00
 
$13.89
ISK1,706

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pay 91.3% more for clothing

 
Hempstead
Reykjavik
Regular jeans
Levi's brand
$48.69
 
$149.01
ISK18,297
Regular dress
from H&M or similar store
$47.18
 
$65.79
ISK8,078
Running shoes
Nike or Adidas
$103.25
 
$181.84
ISK22,328

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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 November 2026). How we calculate this

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