Cost of living comparison

compared to

Reykjavik vs. Niagara Falls Cost of Living Summary

Reykjavik is 52.8% more expensive than Niagara Falls.

Restaurants: pay 39.9% more in Reykjavik
Groceries: pay 35.6% more in Reykjavik
Transportation: pay 80.2% more in Reykjavik
Housing: pay 46.4% more in Reykjavik
Childcare: pay 0.3% less in Reykjavik
Entertainment and Sports: pay 48.8% more in Reykjavik
Clothing: pay 2.2 times more in Reykjavik

The cost of clothing, transportation, entertainment and sports, housing, restaurants, and groceries in Reykjavik are more expensive than in Niagara Falls. Notably, clothing and transportation are significantly more expensive in Reykjavik.

Reykjavik vs. Niagara Falls Cost Breakdown

If you lived in Reykjavik instead of Niagara Falls, you would:

Display currency: USD

pay 39.9% more for restaurants

	Niagara Falls	Reykjavik
Basic meal with drink at inexpensive restaurant	$25.00	$27.48 ISK3,517	+9.9%
Fast food combo meal McDonalds, or similar	$12.00	$22.76 ISK2,913	+89.7%
Bottle of Coca-Cola (11 fl. oz)	$2.67	$3.34 ISK427	+25.1%
Bottle of water (11 fl. oz)	$2.00	$2.70 ISK345	+34.9%
Average			+39.9%

Niagara Falls vs. Reykjavik - Cost of restaurants

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pay 35.6% more for groceries

	Niagara Falls	Reykjavik
Bread 1 loaf	$3.39	$4.63 ISK593	+36.8%
Local cheese (8 oz)	$6.40	$9.44 ISK1,208	+47.5%
Milk (1 gallon)	$3.44	$7.63 ISK976	+121.6%
Eggs 1 dozen	$3.96	$6.50 ISK832	+64.0%
Boneless chicken breast (1 lb)	$3.80	$11.29 ISK1,445	+197.5%
Apples (1 lb)	$2.71	$1.59 ISK204	-41.4%
Bananas (1 lb)	$0.70	$1.17 ISK150	+67.1%
Oranges (1 lb)	$2.52	$1.49 ISK190	-41.0%
Tomatoes (1 lb)	$2.87	$2.54 ISK325	-11.7%
Potatoes (1 lb)	$1.85	$1.70 ISK217	-8.3%
Onions (1 lb)	$1.89	$1.13 ISK145	-40.2%
Average			+35.6%

Niagara Falls vs. Reykjavik - Cost of groceries

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pay 80.2% more for transportation

	Niagara Falls	Reykjavik
Gasoline (1 gallon)	$3.32	$9.66 ISK1,236	+190.9%
Monthly public transit pass	$55.00	$88.58 ISK11,337	+61.1%
New Volkswagen Golf 1.4 (standard edition)	$36,344.69	$50,771.00 ISK6,497,672	+39.7%
Taxi trip in downtown area (5 miles)	$21.77	$28.07 ISK3,592	+28.9%
Average			+80.2%

Niagara Falls vs. Reykjavik - Cost of transportation

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pay 46.4% more for housing

	Niagara Falls	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$74.35	$81.97 ISK10,490	+10.2%
1-Bedroom apartment in downtown area	$1,050.00	$2,259.48 ISK289,169	+115.2%
1-Bedroom apartment outside city center	$900.00	$2,034.90 ISK260,427	+126.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$178.92	$60.87 ISK7,791	-66.0%
Average			+46.4%

Niagara Falls vs. Reykjavik - Cost of housing

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pay 0.3% less for childcare

	Niagara Falls	Reykjavik
Private preschool for 1 child, monthly	$1,300.00	$327.78 ISK41,949	-74.8%
Middle school for 1 child, two semesters	$17,625.00	$30,711.08 ISK3,930,404	+74.2%
Average			-0.3%

Niagara Falls vs. Reykjavik - Cost of childcare

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pay 48.8% more for entertainment and sports

	Niagara Falls	Reykjavik
Domestic/local beer (1 pint)	$6.89	$13.12 ISK1,680	+90.5%
Cappuccino in mid-range area	$5.44	$6.17 ISK790	+13.5%
Pack of cigarettes Marlboro or similar	$13.00	$13.94 ISK1,783	+7.2%
Monthly membership at local gym	$40.00	$87.35 ISK11,179	+118.4%
Movie ticket to theater/cinema	$15.00	$17.18 ISK2,199	+14.6%
Average			+48.8%

Niagara Falls vs. Reykjavik - Cost of entertainment and sports

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pay 2.2 times more for clothing

	Niagara Falls	Reykjavik
Regular jeans Levi's brand	$46.00	$145.10 ISK18,569	+215.4%
Regular dress from H&M or similar store	$46.13	$63.97 ISK8,187	+38.7%
Running shoes Nike or Adidas	$93.75	$193.43 ISK24,755	+106.3%
Men's business shoes (leather)	$114.75	$248.79 ISK31,840	+116.8%
Average			+119.3%

Niagara Falls 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: December 2025

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