Cost of living comparison
compared to
Reykjavik vs. Lake Forest Cost of Living Summary
Reykjavik is 40.0% more expensive than Lake Forest.
- Restaurants
-
pay 35.2% more in Reykjavik
- Groceries
-
pay 20.8% more in Reykjavik
- Transportation
-
pay 75.3% more in Reykjavik
- Housing
-
pay 10.6% more in Reykjavik
- Childcare
-
pay 9.7% less in Reykjavik
- Entertainment and Sports
-
pay 37.8% more in Reykjavik
- Clothing
-
pay 2.1 times more in Reykjavik
The cost of clothing, transportation, entertainment and sports, restaurants, groceries, and housing in Reykjavik are more expensive than in Lake Forest. Notably, clothing and transportation are significantly more expensive in Reykjavik.
Reykjavik vs. Lake Forest Cost Breakdown
If you lived in Reykjavik instead of Lake Forest, you would:
pay 35.2% more for restaurants
|
Lake Forest
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$25.00
|
$27.48
ISK3,473
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.50
|
$22.76
ISK2,877
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.67
|
$3.34
ISK422
|
|
| Bottle of water (11 fl. oz) |
$2.50
|
$2.70
ISK341
|
|
Lake Forest vs. Reykjavik - Cost of restaurants
pay 20.8% more for groceries
|
Lake Forest
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.80
|
$4.63
ISK586
|
|
| Local cheese (8 oz) |
$6.22
|
$9.44
ISK1,193
|
|
| Milk (1 gallon) |
$4.59
|
$7.63
ISK964
|
|
|
Eggs
1 dozen
|
$3.75
|
$6.50
ISK822
|
|
| Boneless chicken breast (1 lb) |
$9.15
|
$11.29
ISK1,427
|
|
| Apples (1 lb) |
$2.90
|
$1.59
ISK201
|
|
| Bananas (1 lb) |
$0.66
|
$1.17
ISK148
|
|
| Oranges (1 lb) |
$1.75
|
$1.49
ISK188
|
|
| Tomatoes (1 lb) |
$2.68
|
$2.54
ISK321
|
|
| Potatoes (1 lb) |
$1.75
|
$1.70
ISK214
|
|
| Onions (1 lb) |
$1.36
|
$1.13
ISK143
|
|
Lake Forest vs. Reykjavik - Cost of groceries
pay 75.3% more for transportation
|
Lake Forest
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.76
|
$9.66
ISK1,221
|
|
| Monthly public transit pass | ?? |
$88.58
ISK11,197
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,500.00
|
$50,771.00
ISK6,417,454
|
|
| Taxi trip in downtown area (5 miles) |
$19.41
|
$28.07
ISK3,548
|
|
Lake Forest vs. Reykjavik - Cost of transportation
pay 10.6% more for housing
|
Lake Forest
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$75.00
|
$81.97
ISK10,361
|
|
| 1-Bedroom apartment in downtown area |
$1,433.33
|
$2,259.48
ISK285,599
|
|
| 1-Bedroom apartment outside city center |
$1,500.00
|
$2,034.90
ISK257,212
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$153.80
|
$60.87
ISK7,694
|
|
Lake Forest vs. Reykjavik - Cost of housing
pay 9.7% less for childcare
|
Lake Forest
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,211.00
|
$327.78
ISK41,431
|
|
| Middle school for 1 child, two semesters |
$20,000.00
|
$30,711.08
ISK3,881,881
|
|
Lake Forest vs. Reykjavik - Cost of childcare
pay 37.8% more for entertainment and sports
|
Lake Forest
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.00
|
$13.12
ISK1,659
|
|
| Cappuccino in mid-range area |
$5.75
|
$6.17
ISK780
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.63
|
$13.94
ISK1,761
|
|
| Monthly membership at local gym |
$50.00
|
$87.35
ISK11,041
|
|
| Movie ticket to theater/cinema |
$14.75
|
$17.18
ISK2,172
|
|
Lake Forest vs. Reykjavik - Cost of entertainment and sports
pay 2.1 times more for clothing
|
Lake Forest
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$55.00
|
$145.10
ISK18,340
|
|
|
Regular dress
from H&M or similar store
|
$40.75
|
$63.97
ISK8,086
|
|
|
Running shoes
Nike or Adidas
|
$80.00
|
$193.43
ISK24,449
|
|
| Men's business shoes (leather) |
$140.00
|
$248.79
ISK31,447
|
|
Lake Forest 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
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