Cost of living comparison
compared to
Reykjavik vs. Indianapolis Cost of Living Summary
Reykjavik is 44.4% more expensive than Indianapolis.
- Restaurants
-
pay 35.1% more in Reykjavik
- Groceries
-
pay 54.5% more in Reykjavik
- Transportation
-
pay 91.6% more in Reykjavik
- Housing
-
pay 7.9% more in Reykjavik
- Childcare
-
pay 34.1% less in Reykjavik
- Entertainment and Sports
-
pay 58.3% more in Reykjavik
- Clothing
-
pay 97.5% more in Reykjavik
The cost of clothing, transportation, entertainment and sports, groceries, restaurants, and housing in Reykjavik are more expensive than in Indianapolis. Notably, clothing and transportation are significantly more expensive in Reykjavik.
Reykjavik vs. Indianapolis Cost Breakdown
If you lived in Reykjavik instead of Indianapolis, you would:
pay 35.1% more for restaurants
|
Indianapolis
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$25.00
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.00
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.91
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$2.47
|
$2.70
ISK345
|
|
Indianapolis vs. Reykjavik - Cost of restaurants
pay 54.5% more for groceries
|
Indianapolis
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.21
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$5.32
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$3.15
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$3.70
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$5.37
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$2.22
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$0.64
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$2.79
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$1.51
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$0.96
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$1.16
|
$1.13
ISK145
|
|
Indianapolis vs. Reykjavik - Cost of groceries
pay 91.6% more for transportation
|
Indianapolis
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.23
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$60.00
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,036.53
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$15.67
|
$28.07
ISK3,592
|
|
Indianapolis vs. Reykjavik - Cost of transportation
pay 7.9% more for housing
|
Indianapolis
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.44
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$1,733.33
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$1,294.44
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$179.81
|
$60.87
ISK7,791
|
|
Indianapolis vs. Reykjavik - Cost of housing
pay 34.1% less for childcare
|
Indianapolis
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,689.44
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$27,350.00
|
$30,711.08
ISK3,930,404
|
|
Indianapolis vs. Reykjavik - Cost of childcare
pay 58.3% more for entertainment and sports
|
Indianapolis
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.00
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$5.72
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.00
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$41.38
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$15.00
|
$17.18
ISK2,199
|
|
Indianapolis vs. Reykjavik - Cost of entertainment and sports
pay 97.5% more for clothing
|
Indianapolis
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.83
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$42.80
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$109.17
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$140.00
|
$248.79
ISK31,840
|
|
Indianapolis vs. Reykjavik - Cost of clothing
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
Change currency:
Compare countries by overall cost of living
See the
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.
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
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Reykjavik or Indianapolis. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.