Cost of living comparison
compared to
Reykjavik vs. Lakeland Cost of Living Summary
Reykjavik is 39.5% more expensive than Lakeland.
Reykjavik vs. Lakeland Cost Breakdown
If you lived in Reykjavik instead of Lakeland, you would:
pay 79.9% more for restaurants
|
Lakeland
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.75
|
$31.06
ISK3,763
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
|
$26.97
ISK3,268
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.16
|
$3.31
ISK402
|
|
| Bottle of water (11 fl. oz) |
$1.75
|
$3.11
ISK376
|
|
Lakeland vs. Reykjavik - Cost of restaurants
pay 14.7% more for groceries
|
Lakeland
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.94
|
$4.19
ISK508
|
|
| Local cheese (8 oz) |
$6.06
|
$10.93
ISK1,324
|
|
| Milk (1 gallon) |
$4.12
|
$7.78
ISK942
|
|
|
Eggs
1 dozen
|
$4.94
|
$7.08
ISK858
|
|
| Boneless chicken breast (1 lb) |
$6.00
|
$11.00
ISK1,333
|
|
| Apples (1 lb) |
$2.76
|
$1.50
ISK182
|
|
| Bananas (1 lb) |
$0.68
|
$1.27
ISK154
|
|
| Oranges (1 lb) |
$2.50
|
$1.46
ISK177
|
|
| Tomatoes (1 lb) |
$2.33
|
$2.93
ISK355
|
|
| Potatoes (1 lb) |
$1.33
|
$1.78
ISK215
|
|
| Onions (1 lb) |
$1.57
|
$0.76
ISK92
|
|
Lakeland vs. Reykjavik - Cost of groceries
pay 73.0% more for transportation
|
Lakeland
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.79
|
$7.76
ISK941
|
|
| Monthly public transit pass | ?? |
$94.80
ISK11,488
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,928.80
|
$50,588.43
ISK6M
|
|
| Taxi trip in downtown area (5 miles) |
$15.17
|
$29.26
ISK3,545
|
|
Lakeland vs. Reykjavik - Cost of transportation
pay 10.1% more for housing
|
Lakeland
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$63.33
|
$86.01
ISK10,422
|
|
| 1-Bedroom apartment in downtown area |
$1,766.67
|
$2,522.88
ISK306K
|
|
| 1-Bedroom apartment outside city center |
$1,666.67
|
$2,032.25
ISK246K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$187.98
|
$73.44
ISK8,899
|
|
Lakeland vs. Reykjavik - Cost of housing
pay 37.3% more for childcare
|
Lakeland
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$650.00
|
$1,185.23
ISK144K
|
|
| Middle school for 1 child, two semesters |
$25,000.00
|
$25,853.51
ISK3M
|
|
Lakeland vs. Reykjavik - Cost of childcare
pay 97.6% more for entertainment and sports
|
Lakeland
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.50
|
$13.89
ISK1,684
|
|
| Cappuccino in mid-range area |
$4.91
|
$6.74
ISK817
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.25
|
$13.89
ISK1,684
|
|
| Monthly membership at local gym |
$36.25
|
$100.25
ISK12,148
|
|
| Movie ticket to theater/cinema |
$15.00
|
$19.57
ISK2,372
|
|
Lakeland vs. Reykjavik - Cost of entertainment and sports
pay 2.4 times more for clothing
|
Lakeland
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$50.00
|
$149.01
ISK18,058
|
|
|
Regular dress
from H&M or similar store
|
$41.50
|
$65.79
ISK7,972
|
|
|
Running shoes
Nike or Adidas
|
$73.50
|
$181.84
ISK22,035
|
|
| Men's business shoes (leather) |
$92.50
|
$248.81
ISK30,151
|
|
Lakeland vs. Reykjavik - Cost of clothing
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
Change currency:
Compare further: Lakeland vs. Reykjavik
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 Lakeland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.