Cost of living comparison

compared to

Reykjavik vs. Isle of Wight Cost of Living Summary

Reykjavik is 65.3% more expensive than Isle of Wight.

Restaurants: pay 76.7% more in Reykjavik
Groceries: pay 2.9 times more in Reykjavik
Transportation: pay 0.1% less in Reykjavik
Housing: pay 74.0% more in Reykjavik
Childcare: pay 23.1% less in Reykjavik
Entertainment and Sports: pay 53.8% more in Reykjavik
Clothing: pay 89.5% more in Reykjavik

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

Reykjavik vs. Isle of Wight Cost Breakdown

If you lived in Reykjavik instead of Isle of Wight, you would:

Display currency: USD

pay 76.7% more for restaurants

	Isle of Wight	Reykjavik
Basic meal with drink at inexpensive restaurant	$17.37 £13.09	$27.48 ISK3,420	+58.2%
Fast food combo meal McDonalds, or similar	$9.35 £7.05	$22.76 ISK2,833	+143.3%
Bottle of Coca-Cola (11 fl. oz)	$2.03 £1.53	$3.34 ISK415	+64.6%
Bottle of water (11 fl. oz)	$1.92 £1.44	$2.70 ISK336	+40.8%
Average			+76.7%

Isle of Wight vs. Reykjavik - Cost of restaurants

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pay 2.9 times more for groceries

	Isle of Wight	Reykjavik
Bread 1 loaf	$0.99 £0.75	$4.63 ISK577	+368.3%
Local cheese (8 oz)	$5.01 £3.78	$9.44 ISK1,175	+88.3%
Milk (1 gallon)	$5.49 £4.14	$7.63 ISK950	+39.0%
Eggs 1 dozen	$3.78 £2.85	$6.50 ISK809	+72.2%
Boneless chicken breast (1 lb)	$3.82 £2.88	$11.29 ISK1,406	+195.7%
Apples (1 lb)	$1.15 £0.87	$1.59 ISK198	+38.1%
Bananas (1 lb)	$0.55 £0.41	$1.17 ISK146	+114.3%
Oranges (1 lb)	$1.27 £0.96	$1.49 ISK185	+17.2%
Tomatoes (1 lb)	$1.21 £0.91	$2.54 ISK316	+110.3%
Potatoes (1 lb)	$0.18 £0.14	$1.70 ISK211	+833.1%
Onions (1 lb)	$0.42 £0.32	$1.13 ISK141	+170.2%
Average			+186.1%

Isle of Wight vs. Reykjavik - Cost of groceries

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pay 0.1% less for transportation

	Isle of Wight	Reykjavik
Gasoline (1 gallon)	$7.09 £5.34	$9.66 ISK1,202	+36.3%
Monthly public transit pass	$138.98 £104.76	$88.58 ISK11,027	-36.3%
New Volkswagen Golf 1.4 (standard edition)	$37,798.76 £28,491.34	$50,771.00 ISK6M	+34.3%
Taxi trip in downtown area (5 miles)	$42.92 £32.35	$28.07 ISK3,494	-34.6%
Average			-0.1%

Isle of Wight vs. Reykjavik - Cost of transportation

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pay 74.0% more for housing

	Isle of Wight	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$44.10 £33.24	$81.97 ISK10,203	+85.9%
1-Bedroom apartment in downtown area	$1,002.27 £755.47	$2,259.48 ISK281K	+125.4%
1-Bedroom apartment outside city center	$798.47 £601.86	$2,034.90 ISK253K	+154.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$203.88 £153.68	$60.87 ISK7,578	-70.1%
Average			+74.0%

Isle of Wight vs. Reykjavik - Cost of housing

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pay 23.1% less for childcare

	Isle of Wight	Reykjavik
Private preschool for 1 child, monthly	$1,781.80 £1,343.06	$327.78 ISK40,802	-81.6%
Middle school for 1 child, two semesters	$22,691.28 £17,103.87	$30,711.08 ISK4M	+35.3%
Average			-23.1%

Isle of Wight vs. Reykjavik - Cost of childcare

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pay 53.8% more for entertainment and sports

	Isle of Wight	Reykjavik
Domestic/local beer (1 pint)	$6.68 £5.04	$13.12 ISK1,634	+96.4%
Cappuccino in mid-range area	$4.66 £3.51	$6.17 ISK768	+32.5%
Pack of cigarettes Marlboro or similar	$20.05 £15.11	$13.94 ISK1,735	-30.5%
Monthly membership at local gym	$36.08 £27.20	$87.35 ISK10,874	+142.1%
Movie ticket to theater/cinema	$13.36 £10.07	$17.18 ISK2,139	+28.6%
Average			+53.8%

Isle of Wight vs. Reykjavik - Cost of entertainment and sports

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pay 89.5% more for clothing

	Isle of Wight	Reykjavik
Regular jeans Levi's brand	$75.73 £57.08	$145.10 ISK18,062	+91.6%
Regular dress from H&M or similar store	$48.38 £36.46	$63.97 ISK7,963	+32.2%
Running shoes Nike or Adidas	$109.14 £82.26	$193.43 ISK24,078	+77.2%
Men's business shoes (leather)	$96.89 £73.03	$248.79 ISK30,970	+156.8%
Average			+89.5%

Isle of Wight vs. Reykjavik - Cost of clothing

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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: April 2026

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